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Pawnbrokers in Hong Kong

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612: 19: 138: 184: 42:. The pawn shops themselves have several prominent features, including a screen to block the view of passersby, as well as a high counter. Additionally, these shops are governed by strict regulations, such as having to keep records of all transactions and being obliged to report any suspicious items to the authorities. 100:
for use in their daily transactions. To ensure that money was circulated, the Hong Kong Government urged the pawnbroking industry to revive itself; with government support, the Hong Kong & Kowloon Pawnbrokers' Association Limited was established in 1947 - at the time, there were only 11 members.
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in the counter. Clients need to hand over their mortgaged properties at the pawning counter. This design is meant to emphasize the superior status of the pawnbroker in the transaction. Another reason for setting a high counter is for security, as it is hard for passers-by and clients to see the
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Between 1950 and 1960, the number of members increased to more than 90, reaching 138 in 1994. As of 2013, the Association has more than 161 members; combined with non-member pawnshops, there are approximately 250 pawn shops in Hong Kong. Pawnshops are mainly located on
162:) is a large rectangular wooden screen, similar to a pair of doors, located right behind the entrance of the pawn shop. The screen is tall enough to block passers-by from seeing inside. Clients can be concealed by the board to avoid recognition. 303:): The lunar calendar - since months for the lunar calendar are one to two days shorter than the solar calendar, if a pawnee repays the loan one day later than the deadline, they need to pay the next month's interest. 359:): The method pawn shops use to calculate interest; for example, when the pawn is worth about 10 dollars, only nine dollars will be lent and in the end, thirteen dollars will be needed to repay the loan. 81:
strengthened its regulations on pawnshops and drafted pawn legislation. Since then, pawnbrokers are required to operate as licensed establishments. As a result, the industry's appeal was widened.
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looking to pawn items. Pawnshops must keep digital records of all exchanges, and if any suspicious items are found in the pawnshop, the shop must immediately notify the
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as a medium of exchange. When the Japanese surrendered in 1945, their currency was considered to be useless, and many people went to a pawnbroker to obtain some
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had its market days on the third, sixth, and ninth days of each month of the lunar calendar - discounts on those days were common. In 1926, the
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The counter of the pawnshop, which is behind the tall board, is typically taller than the average person. There are
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for over 200 years. According to the Guangdong Annals, there were 16 pawnbrokers in 1821 - the oldest of them was
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law stipulates that pawnshops must undergo strict verification and registration of prospective clients'
192: 78: 668: 496: 508: 369: 106: 551: 599: 352: 338: 324: 310: 296: 282: 268: 254: 240: 155: 102: 97: 89: 63: 345:): A big shield standing in front of the main gate, used to hide the inside of the store. 533: 657: 171: 122: 23: 625: 35: 18: 51: 472: 317:): The deadline for repaying loans and getting back the pawned item(s) ends. 216: 137: 114: 71: 55: 39: 643:"Behind the Screen Doors of Hong Kong's Pawn Shops, Centuries of Tradition" 395:"Behind the Screen Doors of Hong Kong's Pawn Shops, Centuries of Tradition" 129:
facilities are more commonly found there than anywhere else in Hong Kong.
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The activities of the pawnbrokers were limited by the Japanese during the
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https://hk.history.museum/documents/54401/54616/Sen_02_full.pdf
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The Hong Kong & Kowloon Pawnbrokers’ Association Limited.
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In order to prevent the sale of stolen property in pawnshops,
199:. The majority of the shops use names including words meaning 446:"How Hongkongers rely on loan clubs and pawn shops for money" 600:
http://www.somanhing.com/ftihk/pdf/assignment/pawnshop.pdf
261:): A worker who identifies and appraises the pawned goods. 34:, with the number increasing over the next several years. 534:
http://www.pawn.com.hk/?mod=site_pawn_assoc_history
641:Chan, Cardin; DeWolf, Christopher (2 May 2018). 393:Chan, Cardin; DeWolf, Christopher (2 May 2018). 473:"HK pawnbroker sees growth in ancient industry" 191:Pawnshops are considered to be a traditional 175:environment and workers inside the pawnshop. 8: 275:): The number sheet used to track exchanges. 92:. In 1943, Japan required Hong Kong to use 247:): Clients offering up items to be pawned. 203:(for example 'tung' (同), 'wo' (和)) and/or 388: 386: 384: 380: 38:are some of the oldest businesses in 7: 626:Macau General Chamber of Pawnbrokers 113:. Because of this, and because many 14: 86:Japanese occupation of Hong Kong 536:. Extracted on 04 November 2013 133:Features of Hong Kong pawnshops 564:Extracted on 3/4 November 2013 121:shops are located in Central, 1: 471:Hunt, Katie (12 March 2013). 628:Extracted on 3 November 2013 602:Extracted on 3 November 2013 548:"人民網—香港當鋪何以經久不衰:"押"字招牌后有乾坤" 545:於彥北. 香港當鋪何以經久不衰:"押"字招牌后有乾坤 419:ANNA, YIU (29 April 2017). 690: 94:Japanese military currency 674:Retail financial services 613:"Hong Kong e-Legislation" 575:"Hong Kong e-Legislation" 356: 342: 331:): The mortgage interest. 328: 314: 300: 289:): Clocks, antiques, etc. 286: 272: 258: 244: 159: 67: 450:South China Morning Post 32:pawnbrokers in Hong Kong 30:In 2014, there were 200 579:www.elegislation.gov.hk 221:Hong Kong identity card 22:Nam Cheong Pawnshop in 664:Retailing in Hong Kong 349:Gau Ceot Sap Saam Gwai 188: 142: 27: 598:周有泉. 香港人的‘二叔公’- 淺談當鋪 186: 140: 21: 647:Zolima City Magazine 399:Zolima City Magazine 251:Ji Suk Gung/Ciu Fung 79:Hong Kong government 554:on 16 January 2014 425:passhonpropawnshop 370:Tung Tak Pawn Shop 189: 179:Names of pawnshops 143: 28: 452:. 20 January 2018 225:local authorities 681: 650: 629: 623: 617: 616: 609: 603: 596: 590: 589: 587: 585: 571: 565: 563: 561: 559: 550:. 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Index


Sham Shui Po
Pawn shops
Hong Kong
pawnbrokers
Hong Kong
Chinese
Yuen Long
bazaar
Hong Kong government
Japanese occupation of Hong Kong
Second World War
Japanese military currency
native currency
Hong Kong Island
Central
Kowloon
jewelry
goldsmith
mortgage
loan

Chinese
window frames

industry
China
Hong Kong
Hong Kong identity card
local authorities

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