Since the reform and opening to outside world, especially, in new century, pawn—broking industry has made great progress. Pawn—broking industry, as an old historic industry, has new opportunity and changes it old image and attracts the interesting of the people by its business characteristics. In today′s market economy, pawn—broking industry plays more and more important role and has un—alternative self advantage. However, because of old thinking mode and insufficient rejuvenating time, pawn—broking industry and its business have five shortcomings such as theoretical back- wardness, legal shortcoming, practical barrier, insufficient scale and big risk. Facing the problems 0 pawn—broking in- dustry should be developed in legal, intensive and linking direction.