How did the pawnshop industry in ancient China develop and how did the pawnshop rise?

1. The history of China's pawnbroking industry is generally considered to start no later than the Southern and Northern Dynasties, and China's pawnbroking industry originated from the mortgage of Buddhist temples. Historically, pawnbroker has different names, such as pawnshop, solution store, solution store, quality store, life store and pawnshop, but pawnbroker has been popular for a long time.

2. In Han Dynasty, pawn was very common among the people. At that time, Sima Xiangru took his robe to Yang Chang's house in the market to buy wine on credit, and then redeemed it when he was rich. Pawnshops in the modern sense appeared in the Southern Dynasties, and became an independent specialized industry in the Song Dynasty, which flourished in the Ming and Qing Dynasties and declined in the late Qing Dynasty and the early Republic of China.

3. The Encyclopedia Britannica says: "Pawnbroking industry existed in China two or three thousand years ago. The West can be traced back to the Middle Ages. "