In The First Half Of 2007, China's Pawn Industry Provided 38,000 Transactions for...

In The First Half Of 2007, China's Pawn Industry Provided 38,000 Transactions for The Medium And Small-Sized Enterprises, Up 18% Year On Year

DUBLIN--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/reports/c94016) has announced the
addition of China Pawn Industry Report, 2007-2008 to their offering.

China pawn industry is in the process of developing in a fast and
healthy way. Since the implementation of ""Measures on Administration
of Pawn Industry"" in April of 2005, the transactions of pawn totalled
CNY80 billion in 2005 and it reached CNY96 billion in 2006. By the end
of June of 2007, the total assets of the pawn industry have reached
CNY86.20 billion, up 12.7% year on year.

From the perspective of business, medium- and small-sized
enterprises and private companies are the target clients of the pawn
industry. In the first half of 2007, the pawn industry provided 38,000
transactions for the medium and small-sized enterprises, up 18% year
on year, with the value of pawnages reaching CNY22.2 billion, and
provided 99,000 transactions for the residents, up 8% year on year,
with the value standing at CNY19.9 billion.

Taking Beijing as an example, in the first half of 2007, the
combined value of 75 pawnshops totalled CNY1.86 billion, up 50.4% year
on year and the accumulated balance of the 75 pawnshops reached CNY850
million, up 66.4% year on year, among which, CNY76.48 million went to
the interest and the comprehensive expenses and CNY141 million was for
tax payment. And the combined profits after tax were CNY12.13 million
in the 75 pawnshops with a total 800 employees.

Due to a tighter monetary policy to be carried out by the
government in 2008, the medium- and small-sized enterprises will be
further inclined to pawnbrokers for fundraising. With the launch of
more innovations in pawn business and gradual relaxation of state
policies, pawn industry will play a bigger role in solving the
financing problems for medium- and small-sized enterprises. However,
while focusing on the expansion of business, pawn industry should
raise the self-awareness of risk control and tighten the control over
risks in the process of operation, circulation and assessment.

Chapter Titles Include:

1 Overview of China's Pawn Industry Development in 2007

2 Analysis of Pawn Business in China Pawn Industry

3 Regional Competitive Structure in Pawn Industry

4 Operation of Key Pawn Companies in China

5 Summary

Selected Charts

For more information visit
http://www.researchandmarkets.com/reports/c94016

Research and Markets
Laura Wood
Senior Manager
press@researchandmarkets.com
Fax: +353 1 4100 980

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