Santander, JAC get China OK for car loan venture

http://www.marketwatch.com/story/santander-jac-get-china-ok-for-car-loan-venture-2013-01-13


The China Banking Regulatory Commission has approved Banco Santander and Chinese automobile manufacturer Anhui Jianghuai Automobile Co. to operate a joint auto-financing company in the Chinese market. Santander, which is already a leading car financier in Europe and the U.S said  the deal allows it to gain a foothold in the largest market in the world. I think that sounds very smart and there will be definitly lots of more money because of this deal.