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In the late Qing and Republican China era (1840-1949), Chinese pawnbrokers employed flexible strategies to extend their business to a wide range of social members. Various measures such as relationship building, strategic philanthropy, and social value advancement were adopted to improve pawnbroking industry's and pawnbrokers' social image. [4]
In 2014, there were 200 pawnbrokers in Hong Kong, with the number increasing over the next several years. [ 1 ] [ 2 ] Pawn shops are some of the oldest businesses in Hong Kong . [ 1 ] [ 3 ] [ 4 ] The pawn shops themselves have several prominent features, including a screen to block the view of passersby, as well as a high counter.
A pawnshop business in Munich, Germany in 2014 Helsingin Pantti's pawnbroker in Helsinki, Finland in 2023 A London shop displays the traditional pawnbroker's sign. A pawnbroker is an individual or business (pawnshop or pawn shop) that offers secured loans to people, with items of personal property used as collateral.
Before the founding of the Kwong Yik Bank, the local Chinese in Malaya engaged in pawnbroking and remittance businesses. Pawnbrokers provided short-term credit secured against collateral, and was viewed as a better alternative to borrowing from Chettiar moneylenders. [6]
The case had revealed criminal drugs ties between Albania and Latin America, and once again showed how criminals in Europe are using shadow networks of illicit Chinese money brokers, police said.
No. 371 Hennessy Road was designed by the Hong Kong based architecture firm Raven and Basto.The firm was active from 1922-1937, and was responsible for high profile buildings such as the Chinese Renaissance style mansion King Yin Lei (Chinese: 景賢里) on stubbs road, the grade II historic building St. Louis School, and the grade III historic building Shing Kwong Church.
The association of Chinese laborers with involuntary contract labor during a time in which it was illegal exacerbated the public's anti-Asian sentiments. [3] However, because of the lack of documentation regarding the credit-ticket system, it is difficult to prove whether or not Chinese laborers were truly free agents.
Italy's tax police said on Tuesday that 58 people had been arrested in Italy and Spain on suspicion of international drug trafficking, money laundering and fraud facilitated by unlicensed Chinese ...