Chapter 421 Revitalize pledged assets

The result of the referendum was only to give Tuvaluans and SAR immigrants equal rights and obligations, while the SAR and Tuvalu's original regions continue to use different forms of social governance.

This is because the habits of the older people in Tuvalu have been solidified and cannot be changed in a short period of time.

Although Tuvaluans and Chinese are of different ethnic groups, apart from being from different countries, the SAR does not have a separate ethnic policy.

Because Wei Minsheng felt that treating all ethnic groups equally was the best ethnic policy.

The inclusiveness of the SAR is destined to develop into a multi-ethnic society.

However, there are differences in habits and beliefs among multiple ethnic groups, and if specific policies are used to regulate the behavior of specific ethnic minorities, they will inevitably be resisted by ethnic minorities.

However, if specific policies are used to protect the behavior of ethnic minorities, it will inevitably violate the rights and interests of the majority.

Ethnic conflicts caused by different beliefs and customs exist to varying degrees in many countries around the world.

Therefore, there are irreconcilable contradictions between ethnic groups with different customs and habits, and the best way is to stipulate only the norms of conduct in public places, and not to involve the beliefs and customs of various ethnic groups in their own homes and private places.

You can stick to your habits and beliefs, but you can't use that as an excuse to make demands on others in a public place.

Therefore, it is the best ethnic policy to unswervingly adhere to the existing policies and resolutely not to introduce any targeted ethnic policies.

One of the biggest advantages of the Special Administrative Region of Tuvalu is that there are no indigenous peoples, and all ethnic groups are equivalent to foreign populations.

Therefore, as an alien nation, it is a matter of course to abide by local laws, regulations and customs.

Since you have chosen to live in the Tuvalu District, there can only be one status here – a citizen of the Tuvalu District, and all citizens of the Tuvalu District are required to abide by the laws of the District, which is the most basic requirement.

If you can't agree with that, you have to leave, and it's best to go back to where you came from, and Tuvalu's district is not short of people.

With strong inclusiveness and tangible benefits, the SAR has tied all Tuvaluans who identify with and abide by the SAR legal and social management system to the same chariot.

At this time, no one can stop it.

Whoever dares to stand in front of the chariot is their enemy.

After immigrants from the Special Administrative Region were granted full national status in Tuvalu, the construction of the Eight-City Breakwater Levee was back in operation.

However, now the Tuvalu Special Administrative Region has greater freedom, and the number of immigrants in the Special Administrative Region is no longer limited by the Tuvalu government, and the domestic livelihood company has become more confident in its publicity, after all, the former immigrants still cannot enjoy the political rights of Tuvalu nationals.

With enough supporters, the Dawning Group did not interfere further in Tuvalu's local social action patterns, because there are always some stubborn old-fashioned elements everywhere.

If they are forcibly brought under their own control, there will inevitably be some factors of instability.

Instead of this, as long as it does not affect the normal operation of the SAR, it is better to let them fend for themselves on their original turf, which is beneficial to both sides.

Under Wei Minsheng's proposal, through full debate and democratic voting on the online platform, Tuvalu approved a construction plan to develop the tourism resources of the archipelago.

If Tuvalu's rich tourism resources can be developed, the exotic scenery of tropical coral islands, and the mature Chinese living area, Wei Minsheng can fully build the Special Economic Zone into a world-class retirement tourism resort.

Because of such a tourism environment, there are almost no communication barriers for the general population of China.

According to the statistics of Minsheng Company, the fixed assets used for pledge have reached a considerable scale.

Although the District of Tuvalu operates in a cashless manner, it does not restrict the small amount of cash that can be circulated.

Minsheng did not pay the corresponding cash for the fixed assets pledged to Minsheng Company, because Tuvalu SAR only added a corresponding amount to the personal accounts of these people.

Since it does not involve the occupation of working capital, there is no financial pressure on Minsheng Company.

But except for a few senior managers such as Wei Minsheng and Long Hao, who knew about the operation process, no one else knew.

In their view, they applied for an interest-free loan with these pledged assets through Minsheng Company, because they actually had discretionary funds in their personal accounts in Tuvalu, but these funds could not be transferred directly to the country.

For those who come to Tuvalu with pledged assets, the system platform is also specially marked to send a message reminder to Minsheng Company once the funds in their personal account are less than 80% of the pledged amount to ensure the safety of their pledged funds.

Minsheng Company can flexibly change the pledge amount of the pledged assets according to the capital status of the pledgee's account, and this operation is to recover a part of the "interest-free loan" for the relevant pledgee.

This is also a countermeasure to prevent the pledgee from maliciously transferring some non-performing asset claims to Minsheng Company.

In order to further revitalize these fixed assets, but also inject a breath of cold water into the extremely crazy real estate market in China, and slightly reduce the living pressure of the people, Wei Minsheng is ready to rent out these houses.

However, most of these houses are clear water houses, which cannot meet the living needs of tenants at all.

Moreover, Minsheng Company currently only owns the right to use these houses, so it is impossible to invest on a large scale, in case you have just finished decorating, and the pledgee is going to collect the house, then these decoration fees will be wasted.

In order to solve this problem, after discussion, Wei Minsheng issued a notice in the Tuvalu Special District:

"Due to the recent significant increase in applications for immigrating to the Special Administrative Zone using pledged assets, in order to alleviate the financial pressure, Minsheng Company requires that the pledge period of previously pledged assets be confirmed.

If the pledged assets are ready to be redeemed within five years, they must apply in advance, and 20% of the mortgage amount will be deducted for each year less than the pledge period.

If the funds in the personal account corresponding to the pledged assets need to be withdrawn, and the pledgee does not want to redeem the pledged assets, the pledged assets will be automatically transferred to the property of Minsheng Company after deducting the converted value of the pledged fixed assets at that time. ”

For the cashless society of the SAR, there are only two ways to withdraw money from personal accounts, one is to emigrate to other countries, and the other is to leave Tuvalu and return to the country.

It is clear that the prospects for development in Tuvalu are very good at the moment, and the country's real estate market is already in crisis, and few of those who have chosen to leave are willing to go back and take over these almost unrealizable fixed assets.

The five-year pledge period is enough for Minsheng Company to do a lot with these pledged assets.