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Understanding the secret path to wealth in Focus Report in 1 minute

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Understanding the secret path to wealth in "Focus Report" in 1 minute

Speculating on houses, land, and stocks, flipping goods, people, and gold - we have heard of thousands of ways to make money and invest, but never expected there was such an "eccentric" path to wealth - "judicial online auctions"! The key point is that this hidden door was actually hiding in our serious "Focus Report"~

Watch the condensed version of "Focus Report" to learn how to get rich quickly with "judicial online auctions"

Below, the editor will explain Focus Report for you one by one, to see what is so magical about judicial online auctions and how they can help us get rich quickly?

Eliminate backroom dealingsEveryone bids fairly

Due to information asymmetry, lack of transparency, and the chain of interests brought by commission transactions, traditional judicial auctions often face certain difficulties, such as:

Backroom dealings, abuse of power for rent-seeking, collusion of interests... these are all common phenomena in traditional judicial auctions. For ordinary people, this means that, on the one hand, we have no way to promptly and widely learn relevant news about judicial auctions, let alone cross-regional judicial disposal; on the other hand, it may also mean that assets originally of relatively high value to the debtor, in the process of entrusting a traditional auction company to carry out a judicial auction, through collusion of interests and backroom dealings, bidders obtain high-value assets at low prices, and the debtor's assets shrink as a result.

With online judicial auctions, because of the openness of the online platform, these problems can be effectively solved to a certain extent, eliminating backroom dealings and achieving fair bidding:

Of course, as the official institution carrying out judicial disposal, the most important thing for the court is also to realize the basic protection of the people's interests

Across provinces and citiesBargain hunting nationwide

In traditional judicial auctions, carrying out auction transactions across provinces and cities is a very difficult matter, but in online judicial auctions, all of this no longer seems to be a problem. For example, the interview mentioned that in one judicial online auction lot, the plaintiff was a company in Hangzhou, Zhejiang, the defendant was a company in Jiangyin, Jiangsu, and the property being auctioned was in Shanghai, and in the end this lot was obtained by Ms. Li from Hengshui, Hebei, through competitive bidding.

This is great news for both the court and the bidders, just as Huang Lianyi, a judge of the People's Court of Xiaoshan District, Hangzhou, said in the interview:

Online judicial auctions break regional restrictions. The people participating in bidding have expanded from the traditional limitation to one city or one place to the current nationwide scope, and no fees are charged at all, greatly reducing the cost of auctions.

Truly zero commissionSave money and have peace of mind

In traditional judicial auctions, when an auction company is chosen to conduct the auction, both the court and the bidders need to pay commissions to the auction company. But through online judicial auctions, zero commission can be achieved, greatly saving costs for both sides while also having advanced platform technology and service guarantees, making it safer and more reliable.

Auction items are bizarre and variedFrom the sky to the ground, everything is available

In addition to guarantees in service and technology, the auction items in online judicial auctions can also be bizarre and varied, with nothing too strange. At present, not only can assets such as cars, houses, equity, and property rights be traded, but even commodities such as live pigs can be auctioned. In 2014, the Yixing Court put a total of about 11,000-plus live pigs on the platform for auction, becoming the first online auction of living things.

After saying so much, where exactly is the "hidden door"?

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After careful investigation by the editor (no way, who let Focus Report go so far with that advertisement), it was finally discovered that this magical "hidden door" exists in Papa Ma's "Xianyu Auction"...

Looking carefully, you will find that inside there are cars, houses, disposal rights, equity, engineering projects, and all kinds of auction items... More than 1,500 courts have already joined! It seems the hidden door has already spread all over the country~~! You should know, there are only a little over 3,000 courts in the whole country ahhh (everyone hurry and check whether your province or city has joined?!)

What, you don't believe the "hidden door" is this powerful?

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