What is a pawnshop and what are the conditions for its establishment?

Pawnshop, also known as pawnshop, is an informal marginal financial institution that specializes in issuing pledged loans. It is a market intermediary organization that mainly lends money and supplemented by commodity sales. The development of pawn shops provides fast and convenient financing means for small and medium-sized enterprises, promotes the development of production and the prosperity of financial industry, and also plays an important role in increasing fiscal revenue and regulating the economy.

To apply for the establishment of a pawnshop, the following conditions shall be met:

(1) Having articles of association that comply with laws and regulations;

(2) The registered capital reaches the prescribed minimum (the minimum registered capital of a pawnshop is 3 million yuan; Engaged in real estate mortgage pawn business, the minimum registered capital is 5 million yuan; The minimum registered capital of those engaged in the property right pledge pawn business is100000 yuan. The minimum registered capital of a pawnshop is the paid-in monetary capital of shareholders, excluding the contribution of physical objects, industrial property rights, non-patented technology and land use rights);

(3) Having a business place that meets the requirements and facilities necessary for conducting business;

(4) Having managers and evaluators who are familiar with the pawn business;

(five) there are more than two corporate shareholders, and the legal person shares are relatively controlled;

(six) in line with the "pawn management measures" ninth, tenth provisions of the security management requirements;

(seven) in line with the requirements of the state for the overall planning and rational layout of pawn shops.