Is Anhui Wanxin Financial Leasing a car loan?

Enterprise inquiries show that Anhui Wanxin Financial Leasing Co., Ltd. is a wholly-owned subsidiary of Anhui Xinhua Distribution Group. In 20 14, it was established as a national investment and financing enterprise with the approval of People's Republic of China (PRC) Ministry of Commerce and State Taxation Administration of The People's Republic of China, with a registered capital of 300 million yuan. Its headquarters is located in Hefei, and its business radiates across the country. Anhui Xinhua Media Co., Ltd., which is controlled by the Group, was listed on 2010 as a whole, becoming the first A-share listed enterprise in the national distribution industry. Its business scope includes licensed projects, financial leasing business and general projects. Non-residential real estate leasing, house leasing, new car sales, second-hand car distribution, property management, information consulting services and financing consulting services. In addition, the company launched Wanxin financial car loan products to provide loan services for users with car purchase needs.