2014 was a year of victory, harvest, and joy for the WorldWay Group. This year, the WorldWay Group experienced a series of fortunate events that caused significant tremors in the investment immigration industry and had a tremendous impact, once again leading the direction of the investment immigration sector and becoming the focus of attention for both industry insiders and outsiders. After two rounds of enthusiastic voting by all employees of the WorldWay Group and some investors, the results of the Top Ten Events of WorldWay Group in 2014 have finally been announced. Now, let us delve into the specifics of these events, reflecting on the major happenings of WorldWay in 2014 and sharing in the joy of its success.
Event One:
520 Bridge Bond Project Successfully Obtains I-526 Approval and Holds Investor Dividend Conference
Reason for Selection:
On September 22, 2014, after more than three years of effort and waiting, the 520 Bridge Bond Project, the first EB-5 project in U.S. history to use the purchase of state government public bonds as an investment method, finally received I-526 approval from the U.S. Citizenship and Immigration Services. As the sole chief agent for this project in China, the WorldWay Group received congratulatory messages from the immigration sectors of both China and the U.S. Many U.S. immigration lawyers, economists, and EB-5 industry professionals called and wrote to congratulate the WorldWay Group. The approval of the 520 Bridge Bond Project is regarded as a milestone event in EB-5 history and is considered one of the two most significant events in the U.S. investment immigration industry in 2014, alongside the depletion of EB-5 visas.
At the same time, on December 13-14, the WorldWay Group, in collaboration with the Washington Regional Center, held the Northern and Southern Region - 520 Bridge EB-5 Investor Dividend Conference in Beijing and Shenzhen, respectively. This conference distributed the accumulated interest from the waiting period for approval, along with a new batch of bond interest income obtained on December 1, 2014, to the 520 Bridge EB-5 investors. The 520 Bridge EB-5 Investor Dividend Conference was the first large-scale public dividend conference held within China’s immigration industry, and it was significant as the first conference to distribute dividends immediately after approval, attracting considerable attention from the industry and extensive media coverage.
Event Two:
U.S. Federal Congress Members Promote EB-5 Project in China for the First Time in 25 Years and Visit WorldWay Group
Reason for Selection:
Following the meeting on July 5 between U.S. Congressman Joe Garcia and Dr. Winner Xing, President of WorldWay Immigration Group, on November 8 and 9, Congressman Mike Fitzpatrick, who was recently re-elected in the U.S. midterm elections, promoted the U.S. Pennsylvania Highway Project, the highest-rated EB-5 project currently, in Beijing and Shanghai, accompanied by the Chairman of the Pennsylvania Turnpike Commission and the President of DVRC Regional Center. This event received significant attention from the immigration sectors of both China and the U.S. and was covered by the media. This marked the first time in 25 years since the enactment of the U.S. investment immigration EB-5 legislation that U.S. federal congress members jointly promoted EB-5 projects in China and visited Chinese immigration agencies, which is of great significance. The WorldWay Group once again set the industry benchmark.
Event Three:
Sales of the U.S. Pennsylvania Highway Project, Exclusively Represented by WorldWay Group, Surge, Causing Huge Industry Response
Reason for Selection:
The first phase of the U.S. Pennsylvania Highway Project, exclusively represented by the WorldWay Group in Greater China, sold out in less than two months after its launch, creating a rare phenomenon of rush buying, establishing itself as the undisputed king of U.S. investment immigration.
The Pennsylvania Highway Project attracted numerous investors, even reaching a near rush-buying situation, primarily due to its two outstanding advantages: first, it is an EB-5 project that has received I-924 pre-approval from the U.S. Citizenship and Immigration Services, making it an excellent choice to address the EB-5 visa backlog; second, it is jointly invested by the U.S. federal government and the Pennsylvania state government, with a repayment commitment from the state government, and the Pennsylvania Turnpike Commission, as the borrower, has maintained an A+ credit rating for a long time. Notably, the Pennsylvania Highway Project is the first EB-5 project personally promoted by U.S. congress members in the 25 years since the enactment of the EB-5 legislation, further attracting investor attention and receiving extensive media coverage from hundreds of media outlets in both China and the U.S.
However, due to the scarcity, uniqueness, and monopolistic nature of the Pennsylvania Highway Project, it caused a significant stir in China. Once launched, it immediately reached a near rush-buying frenzy in the Chinese market, leading to numerous complaints: "This is so unfair; if I lend money to the state government with a repayment promise, I can obtain a U.S. green card for my entire family. Who would still want to lend money to developers?" Some even maliciously criticized the project online, leading to various attacks and rumors against the Pennsylvania Highway Project, which is operated under state government monopoly. Fortunately, the U.S. EB-5 project has been promoted in China for many years, and Chinese EB-5 investors have become increasingly mature, possessing unique judgment abilities and not swayed by rumors. Currently, the second phase of the Pennsylvania Highway Project is being actively sold and is experiencing a hot market.
