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 DEVELOPMENT OF CHINA'S INDUSTRY |
| In 2006, the pawning businesses which served for small and medium-sized enterprises more than half of the total pawning businesses, the money mostly used for moving stock assets, emergency loans, venture capital funds and payment of wages for migrant workers, involved real estate, Building and decorating, machinery processing, garment processing, mobile trade, business services, entertainment and high technology nearly 50 kinds of industries. |
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| STATUS OF FOREIGN INVESTMENT |
| As a special business enterprises, pawn's attributes of financing, storage and circulation of commodities etc.,met the current economic and development needs of SMEs, but also attracted enterprises and investors with good reputation, strong power, gifted assets to enter. |
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| COMMITMENTS TO THE WTO AND INTERNATIONAL PRACTICES |
| Pawnshops are a special kind of enterprises that have the function of financing and are under the unified auspice of State Economic and Trade Commission. In line with the commission's guidelines characterized by "Taking into consideration different circumstances, developing steadily, unified planning, rational distribution, moderate competition, standardized operation, priority of quality, and no bad ones should be allowed", the pawnshops have not been opened to foreign capital yet. |
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| DEVELOPMENT OF GLOBAL INDUSTRIES |
| In addition, according to materials of American National Pawnbroking Association, Headquarters of the second and third largest pawn chain companies are located in Texas, making Texas the Godfather of American pawnbroking chain. |
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