Pawn Financing In China Legal System

Pawn has become a very convenient means of financing. Pawn financingprovides a new financing channel for Semis in the post-crisis era. However, due toChina’s pawn broking law is more confusion on the pawn the nature and concept doesnot form a consensus, for the new features of the pawn hold a conservative attitude, sopawn financing legislation is very difficult. Go no higher effectiveness of legalregulation, not only makes the slow development of the pawn industry, and even moredetrimental to the construction of China’s financial system. By analyzing the pawnbasic theoretical basis, summed up the characteristics and shortcomings of the pawnregulations, pawn potential risks derived from practice cases, and should improve thepawn law advice and pawn legal system proposed should be enacted as soon aspossible.The paper is divided into five parts.The first part describes the basic theory of the pawn. Including several theoriesthe pawn meaning controversial pawn in the legal relationship between subject, objectand content, from the legal to the improvement of legislation, also introduced thepawn finance function and importance, and hope that by analyzing the pawnadvantage in the legislation to improve pawn position. The second part is summarizedby introducing modern pawn legislation, look at the pawn laws and the law ofdevelopment, and analysis of the pawn management approach ", the State CouncilLegislative Affairs Office Pawn Management Ordinance in consultation with the draft and the Ministry of Commerce pawn industry regulator provides that "the legislativefeatures and shortcomings. The third part is the analysis of the pawn businesspotential risk from a practical point of departure. The fourth draws in part on foreignadvanced pawn legal system to improve our pawn laws, its essence. Section Vpresents Suggestions to improve our pawn law, hoping to improve the level oflegislation to make the pawn financing benign legal track.