Dongzheng Finance is an auto financial service provider. Recently, the China Banking and Insurance Regulatory Commission issued a reply on the change of equity of Shanghai Dongzheng Auto Finance Co., Ltd. The approval shows that SAIC Motor Group Co., Ltd. has been approved to transfer 71.04% of the shares of Shanghai Dongzheng Auto Finance Co., Ltd. held by China Zhengtong Auto Service Holdings Co., Ltd. After the equity change, the names of major shareholders, shareholding amount and shareholding ratio of Shanghai Dongzheng Auto Finance Co., Ltd. are as follows: SAIC Motor Corporation Limited, holding 1.52 billion shares, holding 71.04% of the shares; Dongfeng Motor Group Co., Ltd. The company holds 80 million shares, with a shareholding ratio of 3.74%.
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