China 's Development And Thinking Of The Pawn Industry

As a general rule, pawn has two meanings, one means pawnshop, that's to say, it's a special profession agency which receives the object to provide the loan; the other means an civil action which an object is left in exchange for money from the pawnshop. In fact, it's a financial action. The basic feature of pawn is to have small amount, flexible operntion, wide dispersion, good seivice ~d bigli safety. Pawn is a way for gathering funds with a long history. It gives birth to the modem finance. And it's an important part of civilization of mankind, too. The pawn profession of China has a very long history from the ancient to nowadays. It passed many kinds of social formation of class society of mankind. The action of pawn appeared in the early days of the feudal society of China and shaped up in Northern and Southern Dynasties. China today is in more need of the instance of the pawn profession for it has very iniportant role in the development of the market-oriented economy. 1. Pawn can gather effective funds and put them in the economic development of our society. The risk of debt in pawn dropped greatly in contrast with the bank. 2. Pawn has a function for gathering funds. It explores a new avenues of gathering funds and replenishes the deficiency of the bank's. 3. Pawn also has a function of the stabilizing social order. The unit and individual of much-needed funds may take out their own money and goods to provide a loan. It can avoid an illegal act in economic life and illegal and criminal activities in t1e social life. At present need pawn profession. We must sum up the experience constantly and deepen reform in the structure of ownership, the structure of oranize the mould of management, the form of operation and sb on when pawn profession plays a positive role. We also must take some new effective measured for according with the law of the market economy and the international practice to promote further development of the pawn profession.