Parallel imports Shanghai autopilot release good news
Shanghai Municipal Commission of Commerce, China (Shanghai) FTA and other experimental January 7 jointly issued "to carry out parallel imports autopilot in China (Shanghai) test area of free trade", which marks the Shanghai parallel imports TLC autopilot was officially launched. Insiders pointed out that the liberalization of parallel imported cars, help break the monopoly of multinational companies, prices of imported cars will be affected. The pilot is expected to start in the Waigaoqiao (contributions, questioning), National Car Machine (contributions, interrogation) and other companies to bring good.
Antitrust cars deeper
Shanghai Municipal Commission of Commerce of the notification requirements, the pilot enterprises should carry out their obligations under product recalls, quality control, service, auto warranty, average fuel consumption accounting, etc., are not allowed the importation of used cars and modified cars illegally, and is responsible for the use of OEM system provider licensing eliminates quality defects. Shanghai Waigaoqiao Free Trade Agreement will be based on the automobile market, the establishment of TLC imported auto trading center. China Merchants Securities (Quotes, interrogation) believes that this will help to explore and improve, including overseas acquisitions, sales of new cars, spare parts supply, maintenance, warranty and recall, service support, including a standardized operation and management system of parallel imported cars.
November 6, 2014, the State Council issued the "Opinions on Strengthening imports" of course continue to improve the management of imports, increase its car driver parallel importation in Shanghai TLC. Under the plan, the parallel importation of basic autopilot is within the scope of NAFTA on the first pitch, according to advance the case, after gaining some experience, timely extension of the trading range. Insiders pointed out, Tianjin, Guangdong, Fujian TLC has been approved, which is expected to parallel imported cars to promote the success of the pilot experience in other FTAs.
Insiders pointed out that parallel imports autopilot release, indicating the deepening state antitrust car. Parallel import liberalization weaken the monopoly multinational manufacturer and distributor, is expected to imported auto prices to decline in favor of all the imported car market expanding.
In the short term related companies to bring good
In the State Council issued "Opinions on Strengthening import" after November 14, 2014, announced plans to Waigaoqiao Shanghai Waigaoqiao Automobile Exchange Market Co., Ltd. for the capital increase, which is mainly used to carry out parallel imported cars in TLC pilot, our individual countries import licensing business model brand cars, while trade in the test area to perform various model car import business channels the brand. Waigaoqiao said that our car will actively seek new import management system innovation, to create a free trade area deep in the chain of automotive service industry.
Haitong Securities (Budgets, questioning) believes the pilot Shanghai TLC again imported cars parallel, is expected to promote car market Waigaoqiao after the effective cutting will allow distributors and consumers enjoy a quality treatment more convenient, efficient and high. Furthermore, market liberalization parallel import car and improves help reduce the current high price of imported cars, and promote greater turnover.
Everbright Securities (Quotes, interrogation) believes will become a parallel import market to expand the impact of regular import channels, mainly imported car prices dropping, but will compress the most primitive economic boost survival parallel import market - low price. Under the premise of no system crash in prices of imported cars, pushing the country to take advantage of parallel machine business importing cars, a positive short term.
