Pawnshops are one of the oldest financial businesses in China. They have long provided people with cash during desperate times. But over the past few decades, pawnshops have disappeared gradually. Now they are welcoming a new booming era. The reason is that pawnshops can provide swift and convenient financial services to customers. In addition, items like gold, jewelleiy, watches and others valuable can be pawned. By the end of the year before last, more than 5,000 pawnshops were opened around the country with a total transaction of over 200 billion RMB.