A senior official of the China Banking and Insurance Regulatory Commission attended the signing of a cooperation agreement between Yinbaoxin Company and the China International Electronic Commerce Center to collaborate on used-car information services, with a focus on applying insurance-related data to support the used-car market. The agreement was presented as a step toward improving transparency and credibility in used-car transactions and better protecting consumers’ rights, while supporting used-car circulation and related consumption. The Commission’s representative framed used-car information services as a practical exploration of using financial data elements to support the real economy, and called on the two parties to prioritise data value extraction, platform development, and the expansion of service scope, including cross-industry use of insurance data.
China Banking and Insurance Regulatory Commission 2025-12-25
China Banking and Insurance Regulatory Commission backs used-car information services cooperation between Yinbaoxin and China International Electronic Commerce Center
The China Banking and Insurance Regulatory Commission joined a cooperation agreement signing between Yinbaoxin Company and the China International Electronic Commerce Center to enhance used-car information services. The agreement aims to improve transparency and consumer protection in used-car transactions by leveraging insurance-related data. The Commission emphasized data value extraction, platform development, and expanding service scope, including cross-industry applications.