Some state-owned banks will stop buying cars from June 1 and install the "high interest and high return" model.

On May 30, the reporter learned from people familiar with the matter that a branch of a large state-owned bank received a notice from the head office to stop the "high interest and high return" model of car purchase installments on June 1. At that time, the bank will no longer accept high interest and high return car purchase installments. "High interest and high return" generally refers to the business where the bank commission payment standard is higher than 3%. The person also revealed that it is expected that most Financial Institution Groups in the country will stop one after another in about two months, and the specific situation needs to be unified under supervision.