Recently, the Central Bank and the General Administration of Financial Supervision jointly issued the “Notice on Adjusting Policies Related to Automobile Loans” (hereinafter referred to as the “Notice”), which states that the maximum loan disbursement ratio for private use of traditional power vehicles and private new energy vehicles is determined independently by financial institutions; the maximum issuance ratio for commercial traditional power vehicle loans is 70%, the maximum issuance rate for commercial NEV loans is 75%; and the maximum disbursement rate for used car loans is 70%.