Among these financial companies, SAIC-GM Finance is the earliest, headquartered in Shanghai, China, and the first auto finance company in China approved by China Banking Regulatory Commission. The registered capital of the company is1500 million yuan, which was respectively subscribed by SAIC Finance Co., Ltd., American General Motors Finance Company (now renamed United Finance Company) and Shanghai General Motors Co., Ltd. The loan from General Motors Finance Company has provided a full range of auto finance services to nearly one million auto consumers nationwide, covering more than 65,438+0,800 4S auto dealers in more than 300 cities across the country. Relatively speaking, other financial companies, including the interests of Volkswagen and Beijing Hyundai, cover a much smaller range of services.