From the annual 20% ~ 30% growth rate of China's car rental industry and the total market size of 20 billion yuan last year, it indeed shows great charm. What the capital giants value more might not be only these. For Hertz China, they are more concerned about when the domestic car rental industry will enter the capital market, just like the largest listed car rental company in the United States, Hertz. According to relevant person in charge of Hertz, there are different categories of car rental industry in China. One is short-term rental, mainly including car rental services within six months and 30 days; The second is long-term rental, usually for a longer time, about 1-3 years. In addition, there are other ways such as financial leasing, but this way has a larger market capacity abroad. According to relevant data, there are thousands of car rental companies in China, and the total output value of China's car rental industry reached 20 billion yuan in 2010. Relevant person in charge of Hertz introduced that before, generally only large state-owned enterprises and foreign enterprises chose outsourcing car rental services, but with the rise of the concept of "light asset", more and more large and small enterprises began to choose car rental to meet transportation needs. In addition, a group of brand-name car rental enterprises have also gradually risen, being familiar and accepted by more and more ordinary consumers. Therefore, although the domestic car rental industry was born not long ago, it has shown vigorous development momentum. Because of this, more and more funds and institutions have their eyes on this big cake. Recently, the joint venture company Societe Generale Huabao Auto Leasing (Shanghai) Co., Ltd., which is equally held by Societe Generale International Financial Leasing Co., Ltd. and Huabao Investment Co., Ltd., was established in Shanghai. In the next five years, the company will target at foreign-invested enterprises coming to China and large state-owned enterprises as customers, and build the operating service network of Societe Generale International Financial Leasing Co., Ltd. in China in the Yangtze River Delta city cluster centered on Shanghai, the Bohai Rim city cluster centered on Beijing and its surrounding areas, the Pearl River Delta city cluster centered on Guangzhou and Shenzhen, as well as Chengdu and Wuhan, two central cities, achieving a fleet scale of managing 10,000 vehicles. In addition, on August 26, 2011, Hertz International Car Leasing Co., Ltd., the world's largest car rental brand, also announced that it would establish a strategic partnership with BYD [22.25 1.88% research report] to jointly promote the leasing and sales business of electric vehicles.