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Shanghai Municipal Approval Procedures of Setting up Pawning Business
(06/21/2005)

Authority: Service Industry Administration Office of Shanghai Economic Committee

Application procedures:
1) Application letter (shall contain definitely name, registered capital and source, address, business scope, feasibility study, and other necessities of the institution that proposes to set up pawning business)
2) Investment agreement
3) Approval document by the appropriate authority or board decision of the applier
4) Certificate of the proposed legal person and business license of the applier, and identity certificate of natural person
5) Chart of the pawning broker
6) Business regulation, internal management system and security measurement of the pawning broker
7) Valid certificate of property right or use right for the qualified business premise
8) "Pre-approval Notice of Enterprise Name" by the industry & commerce administration
9) Capital assessment certificate by the legally qualified capital assessment institution
10) Profiles of the proposed legal representative and the senior managers (including GM, Deputy GM, and CFO)

Application procedures:
1) Application: The applier shall submit the application letter and the related application materials to Service Industry Administration Office of Shanghai Economic Committee
2) Review: The application materials shall be reviewed according to what are defined in the related laws
3) Acceptance: Determination of official acceptance shall be made to the application having passed the review according to what the Ministry of Commerce defines in the yearly pawning business development plan
4) Reply: Reply of approval or denial shall be made according to what are defined in "Administration Procedures for Pawning Brokers"

Charge standard and basis:
Submit to:
Handling address: NO.10 Building, 200 People Avenue

Audituser:
Handling basis: "Administration Procedures for Pawning Brokers"
Tel: 63119422
Homepage:
Handling time: 9:00 to 17:00, Monday to Friday
Handling deadline: Review and determination of the applier's qualification shall be made within 20 days on and after the date that the Ministry of Commerce issues the yearly pawning business development plan.

Applier qualification: