Guangdong Introduces Measures to Boost Financial Support for Used Car Exports

Eleven departments, including the Guangdong Provincial Department of Commerce, jointly issued "Several Measures to Strengthen Used Vehicle Export Management in Guangdong Province," proposing enhanced financial support. The measures explicitly encourage banking institutions to develop dedicated financial products tailored for used vehicle exporters and promote the use of fiscal support policies—such as interest subsidies for loans to small, medium, and micro enterprises and special guarantee programs for private investment—to improve the convenience of settlement services for used vehicle exports. Additionally, insurance providers are encouraged to launch export insurance products with flexible terms and preferential premiums, and to streamline the process for refunding compulsory traffic insurance (CTP insurance) on exported used vehicles, thereby reducing export-related risks.