www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

chinadaily.com.cn
left corner left corner
China Daily Website

Small firms' last resort for financing

Updated: 2013-01-21 10:09
By Yu Ran in Shanghai ( China Daily)

He admits that demand for private automobile pawn services normally goes up between November and February as it is the period when SME owners often need huge amounts of money quickly.

"The number of customers using car pawn services have increased 20 percent in 2012 compared with the numbers in 2011," Yang said.

"About 60 percent of my clients are regular customers who have private cars. Many of these high-end vehicles are often left in our pawnshops during various periods of the year for quick money purposes," he said.

Small firms' last resort for financing

At Huaxia Pawnshop, the monthly interest for a private car is 3.5 percent, the weekly interest is 1.8 percent, and the fifteen-day interest is 2.1 percent.

"I've noticed that more high-end cars are coming into the pawnshop and being traded for higher loan amounts this year."

The growth in use of pawnshops is not confined to Tianjin or Beijing but has spread across most Chinese cities. But it is in Wenzhou, the hub for small- and medium-sized businesses that this trend is most evident.

In the large car parking garage of an automobile trading center in Wenzhou, at least one-third of the used cars are vehicles that have been pawned at local pawnshops.

"Nearly 60 percent of the parking space at the center has been leased out to nearby pawnshops as they have regular clients with expensive vehicles," says Ji Xiao, sales manager of Wenzhou Outong automobile Co, a car company that sells new and second-hand cars at the center.

Ji says that expensive cars are normally redeemed within a week. Cars that have not been redeemed for more than a month are often sold at low prices in the center to local buyers.

The burgeoning demand for car pawn services has also triggered more problems for pawnshop owners due to the higher default risks.

When the redemption period passes, the goods often end up as "dead pawns", meaning the pawnshop has the right to sell them at a low price.

"Most of the owners redeem their cars on time before the redemption period ends, but if they fail to repay the interest and the amount of borrowed money, we have to sell the cars for cash," said Ye Zhitong, the manager of a Beijing-based pawnshop.

Ye added that it is not easy to sell the cars to second-hand buyers due to the stiff restrictions on purchase of personal cars in Beijing.

The run-up to the forthcoming Chinese New Year has been overwhelming for most of the pawnshops in China as the tight loan policies for SMEs have severely dented prospects for several businesses.

Latest reports

SMEs gain greater access to funds

APEC economies vow to boost SME development

Small, micro firms struggle with dip in overseas orders, cash-flow woes

Monitor cash flow to control SMEs loan risks: experts

SME confidence slips again in Q3

Performance to determine SME funding applications

China SME Global Development Forum held in Austria

Wenzhou SMEs get fairer deal

 

Find more in

Shadow banking on the rise

 

 
8.03K
 
...
主站蜘蛛池模板: 男女乱淫视频 | 色a在线| 国产片91| 亚洲精品久久久中文字 | 日韩三级免费观看 | a级特黄毛片免费观看 | 欧美色网在线 | 99久久精品国产免看国产一区 | 天堂亚洲网| 国产一级成人毛片 | 三级国产在线观看 | 一区精品麻豆经典 | 亚洲欧美人妖另类激情综合区 | 亚洲欧美日韩国产精品 | 日韩一区二区免费看 | 五月天激激婷婷大综合蜜芽 | 一级全免费视频播放 | 成人a在线观看 | 麻豆传媒一区 | 亚欧色视频在线观看免费 | 国产精品久久久久国产精品 | 在线看欧美日韩中文字幕 | 亚洲加勒比久久88色综合 | 国产真实女人一级毛片 | 日本午色www高清视频 | 偷拍自拍第一页 | 国产区一区二区三 | 日韩一级伦理片 | 欧美videosex性欧美成人 | 亚洲成人天堂 | 久久久国产精品免费看 | 国产三级国产精品国产国在线观看 | 欧美高清在线 | 日本a级在线 | 在线观看免费国产成人软件 | 精品96在线观看影院 | 全免费毛片在线播放 | 一色屋精品亚洲香蕉网站 | 国产私拍福利精品视频推出 | 久久综合中文字幕一区二区 | 日韩精品网址 |