China Had First Pawn Shops

Pawn shops existed in ancient China in 1000 BCE and various Mediterranean civilization in 600 BCE.

Date:
      1000 BCE, 600 BCE
Location:
      China, Mediterranean

Additional Information:

  • Pawning Through the Ages | HISTORY
    More than 3,000 years ago, pawn shops first emerged in Ancient China as a method of granting short-term credit to peasants. Some pawnbrokers operated independently, but over time most of these businesses were run through pawn shops.
  • History of pawnbroking – Wikipedia
    Pawnbroking, lending money on portable security, began in ancient history. The practice was widespread in many parts of the world, from ancient Greece to medieval China and medieval Europe. … The earliest Chinese pawnbrokers, in the 5th century, were established, owned, and operated by Buddhist monasteries; only …
  • Pawnbrokers in Hong Kong – Wikipedia
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  • Young Chinese Consumers Turn To Pawn Shops For Luxury Goods …
    Jun 7, 2013 – Young Chinese Consumers Turn To Pawn Shops For Luxury Goods … First of all, it is seen as an alternative to purchasing items of dubious …

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