Beijing Zhongbao Pawnshop Ltd. is a pawnshop approved by Ministry of Commerce and Beijing Municipal Commission of Commerce, which engages in pawn business, antique appraisal, industrial information gathering, and information sharing and communication, etc.
From non bank financial business to special financial business and then special industrial and commercial business, pawn business has been classified into different areas, but its inherent characteristic is financial property that belongs to financing business. Pawnshop and bank can complement and supplement each other and in contrast with bank, Pawnshop has evident advantages in financing, such as free of red tape, rapid loan release, no limitation on loan use, and high interest.
In modern pawnbroking, the main pawns are real estates of high values such as houses, automobiles, etc. Now, pawnbroking has got rid of the traditional negative impressions and become a complement of the financial industry, which is a necessary financial institution of the market economy.
Beijing Zhongbao Pawnshop is mainly engaged in real estate mortgage now, and planning to set up a complete set of non bank financial institutions in the future, including chain pawnshops, auction companies, assessment companies, and bonding companies. Beijing Zhongbao Pawnshop is devoting itself to becoming a top notch pawnshop in China.