On June 16, the automobile industry enthusiastically echoed the government's call to expedite account settlement cycles and avoid "involutionary" competition. To facilitate the transformation and upgrading of the automotive sector and address emerging financing requirements, the National Association of Financial Market Institutional Investors (NAFMII) convened a symposium that day, focusing on bolstering the high-quality development of automobile enterprises within China's interbank market. The event was chaired by Xu Zhong, Vice President of NAFMII, with the participation of delegates from leading automotive companies and underwriters.

During the symposium, representatives from nine prominent enterprises—FAW, SAIC Motor, BAIC Group, BYD, Geely Holding, Great Wall Motor, NIO, XPeng Motors, and Xiaomi Group—shared insights on the industry's difficulties and challenges amidst "involutionary" competition. They also presented proposals aimed at optimizing the financing environment for automotive enterprises. Representatives from leading underwriters engaged in on-site discussions and exchanges, delving into the financing needs of these corporations.