Credit China Holdings Limited is an investment holding company. The Company is engaged in the provision of pawn loans, entrusted loan and financing consultancy services. During the year ended December 31, 2011, the turnover was mainly derived from the provision of real estate pawn loan service, entrusted loan service and financial consultancy service. The Group also offers short-term personal property pawn loans to individuals with personal property as collateral. The pawn loans to customers arising under the Company�s pawn loans business had an average loan period of 90 days. The entrusted loans to customers arising from the Company�s entrusted loan business had an average loan period of 90 days to 1 year. The other collateral-backed loan to customers arising from the Company�s other collateral-backed loan business had an average loan period of 1 year.