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Zhongbao Pawnshop Participated in the Symposium of Corporate Executives

         In September 2013, Zhong Bao Pawnshop attended the first Corporate SymposiumSymposium of Corporate Executives. Executives from 11 pawn enterprises in Beijing attended this symposium, together with Yang Yong, President of the Association, Song Quanan and Zhang Bo, vice Presidents, and Guo Jinshan, honorary President. The symposium is held by Hao Fengqin, General Secretary of the Association.

         According to the statement introduction from the attendees, the existence of overdue and lawsuit problems is not too many during the operation of pawn enterprise, and people thought that the overdue problem were mainly caused by the too long pawn period.  Common opinions during the analyzing about the challenges they are facing are that the special management model of pawn enterprise would be likely to cause insufficient funds, and the lack of leverage effect will be the largest challenge for the pawn industry in the future. All the attendees had achieved a common understanding that for the development of pawn enterprise, we should let professional people to handle professional issues, only in that case could pawn enterprise step on a new stage on the research of pawn industry theory.

                                                                                                                                                           (From Wang Liang, the special correspondent)

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