Environment. One difficulty in developing auto credit business in China is the imperfect laws and regulations. The main legal basis in the field of automobile credit is the "Automobile Loan Management Measures" issued by the People's Bank of China in 2004. For issues such as automobile consumer credit contracts, they are all based on the General Principles of Civil Law, Contract Law, Guarantee Law, Insurance Law, Consumer Rights and Interests Protection Law, etc. In particular, there are few laws and regulations regarding personal consumer credit.