Research On Development Countermeasure Of Pawn Industry In Liaoning Province

Recovery is still defined as the modern pawn of special industries, is developing a market economy is an important fulcrum, its a short, flat, fast financing to complement the unique financing needs of civil society and played an active role in promoting. "Complementarity" is the primary task of development, rapid economic development today, a single mode of financing is not able to meet the needs of the market economy, thus the birth of a wide range of private financing, people familiar with, security companies, pawn shops , small loan companies, loans or even loan sharks, and so commissioned. These financing tools have their unique advantages and features, however, these financing tools and operations or financial means to penetrate and mix with each other, it is not a unitary, and therefore carefully study the characteristics of these financial methods, learn from each other, perfect the development itself is an effective way to promote the pawn one. With other provinces and cities nationwide, the Liaoning Province pawn with respect to the financial bad environment to be worse in the southern coastal provinces, but the strong off than many Western cities. After years of growth, both in Liaoning Province pawn business philosophy, services or functions in the industry have a significant improvement, but still many deficiencies, how to solve the existing pawn in Liaoning province abuse, improve the government's regulatory system and business management and operation mechanism to make it more healthy and harmonious development of the financial industry has become a hot topic in the province. This paper describes the basic theory of the business of pawn as a starting point to introduce the theory of knowledge, while the security business as a case study, listing the various fundamental processes of business, after a comparative analysis of the advantages and disadvantages of existing mortgage financing. Secondly, through the pawn industry in Liaoning province, the analysis of factors external to the merits of Liaoning Province, summed up the future development goals pawn and countermeasures.Pawn, when a user of their personal property, property rights, as when the material charge or mortgage to the pawnshop, delivered a certain percentage of expense when the payment and paid within an agreed period of interest when the payment, repayment when payment, redemption when the matter behavior. The term includes as households, pawn shops, when the objects, the text when, to close when, continued when, ransom, dead when, pawn ticket, when the gold, when the interest rate, current, out of when, folding when, running as the top when the other.Some scholars research that originated in China's pawn things early Han Dynasty, the temple toward the "longevity library" is a pawn early prototype, Tang and Five Dynasties into the private market really grew up in South Song Dynasty, Ming Dynasty and Qing Dynasty Two period was at its peak in pawn, and in the early republic after 300 years has declined, to pawn the 50s of last century in China's financial markets completely disappeared, is the so-called wild fire in spring, in the reform pawn opening and developed in full swing.Pawn broking financial nature of its mode of development, with banks, security companies and other institutions, pawnshops continue to grow at the same time also faces various risks, many of them risk management pawn for a long time do not pay attention System and technical training caused the pawn in an indefinite time and space within the scope of the risk of causing unexpected material losses. During the period when the material is usually stored in a warehouse inside the pawnshop, the pawnshop has the responsibility to their clients when a proper physical custody, although it will also occur on the unpredictable accidents, such as fire, theft, vermin destruction. This pawn must bear the responsibility. Usually pawn will bear 100% of the responsibility, if and when things are special items, due to irreparable damage when the matter of principal and interest, pawn shops or even go to take more responsibility. Therefore, strengthening infrastructure regularly check pawn shops the best way to avoid the risk of accidents.Compared with the guarantee, pawn shops are for the borrower as collateral to borrow money in kind, return the loan and interest due, and redeem the collateral agency. Guarantee is for the lenders to provide a guarantee to a third party credit agency behavior. Secured financing compared to the lack of mortgage financing or timeliness. Loan funding sources have limitations. Pawn broking is basically relying on the strength of the company itself, the popular point is the pawn shop owner said that financial strength determines the loan amount. The Company is approaching the bank to pay the security deposit to ensure the loan amount, therefore, sources of funds from the loan terms, mortgage financing or a disadvantage. Mortgage financing high interest rates because the factors that maintain the customer's loan period is usually 1 month or 6 months or so, so that the turnover rate of increase of capital, risk factors also decreased, forming a virtuous cycle to promote the development of pawn .Pawn business a wide range of operating flexibility, the flexibility to be inferior to guarantee financing pawn. Third: The Development of pawn industry in Liaoning Province.Liaoning Province, pawn shops mainly in Shenyang, Dalian, two cities: one city of Shenyang, 67, 39, Dalian, Anshan City, 16, 15, Yingkou, Liaoyang City 5, Fuxin City 5, Chaoyang City 5, 7 Panjin City, Fushun City, 7.6 Huludao City, Jinzhou City, 10, 17, Dandong City, Tieling City 7, Benxi City 15.Liaoning province, almost all of the establishment of pawnshops in the population density and economic center of the lot or commercial centers, while in rural areas and towns the figure is almost no pawn, unable to meet the financial needs of farmers. Pawn business in the first half of 2010 the average monthly civilian occurrence amount of less than 5 million, the largest share of the first for ordinary people need temporary lack of funds, the general demand for funds in areas between 100 to 50,000 yuan, followed by some small and medium enterprises financing needs, usually in areas of between 50,000 to 300,000, the real estate financing needs large areas of real estate transactions in the least, the basic areas of 500 million yuan. Personal property, automobiles, valuable securities in the proportion of the volume of business increased, while the relative proportion of real estate properties Pawnshop showed a decreasing trend. In a market economy is caught between the state of growth, economic indicators have limited impact on the province. This chapter SWOT analysis, external environment and competition from other financing, pawn rates decline, but still maintaining the traditional pawn broking business characteristics and mode of operation. Compared with developed coastal provinces, management, business philosophy and service areas relatively backward.Liaoning Province, Liaoning Province pawn play the following role in the economy: 1.To promote the production and circulation, improve working capital ratio 2.Solve temporary distress that people in urgent need of funding 3.Meet the requirements of economic regulation, market economy, the financing channels for useful supplement 4.Interest of transparency, stricter supervision is to combat illegal financing tool for the molecular 5.Credit banks and enterprises bridge 6.Financial management concepts and to promote changes in consumer attitudes.Liaoning Province in the future, the layout will show a pawn from the cities to the county, district, township and other rural regions. Pawn business strategy from diversification to specialization growing trend. Pawn clientele mainly from individual residents to the changing trend of medium and small enterprises.Through research, we found that most of the pawn in Liaoning Province announced a rate far higher than the same level of central bank interest rates over the same period, more than there should be limits to participation and the real estate lending practices, lack of legal awareness, and so higher .Liaoning Province, part of pawn lending operations violate regulatory requirements, but also a larger area of the province of private lending market, hindered the healthy growth and harmonious development. Strengthen the ability to obtain information, improve the internal management system. Focus on the authenticity of the information, the timely processing of feedback information pawn in Liaoning Province, fast and accurate access to a deep, forward-looking information, basic pawn in the industry to eliminate outside the scope of business activities. Unified supervision of all departments, to manage multi-angle in all directions, the sound of Liaoning Province pawn to create favorable conditions for orderly development.