The Pawn Financing's Development Research Of Folk Financing In China

Pawn financing is an important part of the folk financing in our country,as a special institutional arrangement,production and life are closely linked with people for one thousand years,plays an important role in different degrees of the different historical period of social and economic development of our country.Following the pawnbroking symbiosis,pawn financing arises from the temple library in the quality,has 1500 years of history in the development of our country.After the founding of new China,due to the state practise a planned economic system,the government strict control over the folk financing,so that the development of pawn financing eventually die,after the reform and opening up,due to the national economic system reform and puts forward some economic incentives,pawn financing renaissance and developed again.As the country's opening to the outside world,and international cooperation to strengthen the communication between our country's financial institutions also continue to increase,pawn financing has gradually become the mainstream financial market development in our country,but also an important part of the folk financing.In the process of the development of pawn financing,because it usually accompanied with high returns,this will make the pawnshop irregular operations,such as an illegal loans,high interest rate deposits,and subsequently receiver and so on,seriously disturb the normal economic and financial order,at the same time because of its no effective legal constraints in the process of development and the social supervision,in promoting the development of social economy,will inevitably produce certain negative effects,in order to maximize reduce pawn the negative impact of financing activities on the social,using the advantage of this kind of folk financing form to pawn financing services to financial markets,reduce risk,improve efficiency,it is necessary to study pawn financing from the perspective of economic history of the development process.Thesis on the basis of the theory of institutional change,using the methods of history,comparison,system and the theory of new institutional economics pawn financing in our country and study the development process of history.Paper according to the connotation development of pawn financing,in order to reform and opening up as the old pawn financing and divides modern pawn financing,combining the theory of institutional change at the same time from two aspects of institutional supply and demand on the historical development of pawn financing change process and the causes are analyzed,and the old pawn financing development was thought to be mainly based on poor livelihoods,the favorable development of commodity economy,the government behavior and the temple of the factors of the influence of Buddhism culture interact with each other,and the development of modern pawn financing change is due to the reform and opening up after the pressing needs of the people to pawn financing,national policy support,and the impact of external factors.And this is paper's main innovation points at the same time.Through the analysis of pawn financing connotation and reasons of the change to enrich the theoretical research on pawn financing development,and through the development of pawn financing practice and the analysis of the status quo,understanding of pawn financing to our enlightenment as well as the development trend of the future,for the private finance as well as the healthy development of the modern financial system has a certain reference value and guiding significance to the reality.