Legal analysis: subject to the supervision of the Financial Supervision Administration, the Industrial and Commercial Bureau and the Public Security Bureau. Pawnshops are non-bank financial institutions. They are supervised by the Financial Supervision Bureau, which issues pawn business licenses. They also need to apply for an industrial and commercial license, which is managed by the industrial and commercial bureau. Pawnshops with business licenses also belong to a special industry in China, which refers to the industry and commerce service industry that is easily used by criminals because of its business content and nature and is handed over to public security organs for public security management according to national or local regulations. The Public Security Bureau issued a special permit.
Legal basis: Measures for the Administration of Pawnshops
Article 1 These Measures are formulated in accordance with relevant laws and regulations in order to standardize the behavior of pawn shops, strengthen supervision and management, and promote the standardized development of pawn shops.
Article 11 To set up a pawnshop, one should hold the approval document of the Economic and Trade Commission of the provincial people's government and the pawn business license, apply to the public security organ for a special trade license, apply to the administrative department for industry and commerce for registration, and obtain a business license before starting business.