38 years ago today, on October 13, 1987 (August 21, 1987 lunar calendar), the first pawn shop was established after the founding of the People's Republic of China. On October 13, 1987, the pawn shop that had disappeared in China for more than 30 years reappeared on Chengdu Xiyu Street. This new pawn shop named Chengdu Huamao Pawn Shop became the first new pawn service shop in our country to provide convenience for enterprise production and people's lives. The emergence of pawn shops is an inevitable product of economic development. The more active the economy is, the greater the demand for funds, the faster the turnover frequency, and the urgent need for temporary funds will occur from time to time. The nature of lending to customers with physical collateral to turn "dead money" into "living money" makes "entering a pawn shop is like entering a bank" a new understanding of the pawn industry for many people. Chengdu Huamao Pawn Firm is collectively owned, mainly for the masses and small collective and individual enterprises. It operates private movable or real estate such as daily necessities and houses, as well as pawn auction business of idle equipment and surplus raw materials for backlogged products. The interest rate of pawn loans is not high, and the amount is not large. The pawn period can also be appropriately extended according to the actual requirements of customers.