At the 2022 China finance TMT leading ceremony held by the operator caijing.com, the list of “punished” car enterprises in 2021 was released. Geely’s Jizhi auto finance company was fined 1.5 million yuan.

According to the disclosure of Shanghai Banking and Insurance Regulatory Bureau on July 12, 2021, Jizhi Auto Finance Co., Ltd. (hereinafter referred to as “Jizhi auto finance”) was recently fined 1.5 million yuan for three violations.

According to the administrative punishment information, from 2018 to may 2020, Jizhi auto finance charged some dealers with loans; From 2018 to may 2020, Jizhi auto finance transferred costs to some dealers; From 2017 to may 2020, Jizhi auto finance failed to fairly deal with conflicts of interest with customers and third-party service providers.

According to public information, Jizhi Auto Finance Co., Ltd. is an auto finance company jointly established by Geely Automobile Holding Co., Ltd. (the holding subsidiary of Zhejiang Geely Holding Group Co., Ltd.) and BNP Paribas Personal Finance (a wholly-owned subsidiary of BNP Paribas), which was officially established in Shanghai in August 2015. The company mainly provides auto financial services to relevant auto manufacturers, dealers and retail customers, mainly Geely, Volvo and Lingke.

It is understood that Li Xia is currently the president and CEO of Jizhi auto finance company. At the “2021 China Auto Finance Annual Conference” held in February this year, Li Xia said at the round table forum that strict supervision will play a stronger role in promoting the governance of auto finance companies, the adjustment, iteration and evolution of the whole mechanism, the comprehensive risk management of enterprises themselves, and the talent quality of corresponding compliance and risk management.