Micro credit Hong Kong style
Fortune & benefits
Nam Cheong pawnshop has been here since 1933. Pawnshops in Hong Kong are not a thing from the past but still hold an important function in today’s society.In fact, many traditional local residents prefer pawnshops over conventional banks. The double doors and screens guarantee privacy, they have long opening hours and do not require any proof of income.The most common item pawned is jewellery, particularly gold.
You can recognise a pawnshop by the sign that depicts a bat holding a coin.The bat represents fortune and the coin means benefits.
Nice to know
Hong Kong still has over 180 operating pawnshops, of which 10 are in ShamShui Po. If you want to see a really authentic one, go to 141 Pei Ho Street.