Chaozhou is a famous historical and cultural city and a famous hometown of overseas Chinese. Overseas, there are more than 6,543,800,000 Chaozhou nationals. "Where there is tide, there is chaozhou people". Therefore, the tourism development in Chaozhou is very "humanized". In the early 1990s, the municipal government granted 2,000 mu of land in Dongshan in accordance with the development goal of "establishing the city by industry and prospering the city by tourism" and the planning idea of "industry in the west and tourism in the east", aiming at building an entertainment and leisure scenic spot that can attract tourists and make them stay for several days. After repeated argumentation, it was finally decided to build a theme park called "Beautiful City" on this 2000-mu land. Scenic area 1000 mu, villa 1000 mu. This "Beautiful City" has a total investment of 20 million US dollars (equivalent to 65.438+73 billion yuan) and covers an area of 666,000 square meters. It plans to build eight scenic spots, namely Huaxia Palace, Windsor Castle, Carnival Garden, Lovers Island, Song and Dance Forest, Colorful Garden, Fairy Tale Village, Star Garden, Beauty School, Dog Racing Field and Male Sculpture Square. The whole park will use architecture, gardens, sculpture, painting, sound and photoelectric technology and cultural performances to show outstanding female images of all ethnic groups in ancient and modern times.

This project is constructed and managed by Ren Mei City Co., Ltd., a Sino-foreign joint venture jointly established by Jinma Group and Hongkong Wei Lan Real Estate Co., Ltd., with the registered capital of18.3 million US dollars, with each party contributing 50%, namely 9150,000 US dollars. Jinma Group has invested RMB 3,654,380,000.00 Yuan in Public Offering of Fund, fully in proportion to its own investment. After the project is opened, it is estimated that the annual after-tax profit will be 50.03 million yuan. Calculated by the invested capital1580,000 yuan, the return on investment is 365.438+0.7%, and the payback period is 36.5438+06 years.

At the end of 1995, the "Beautiful City" was officially started, and it is planned to open during the Spring Festival of 1998. However, the original investment of the project is less than 65.438+0.5 billion yuan. Under the fanatical atmosphere of "nobody can manage", the project got bigger and bigger, and finally the total investment budget climbed to 250 million yuan.

However, due to the outbreak of the financial turmoil in Southeast Asia, the investment of the partners failed to reach the designated position. The original investment was 80 million yuan, only 6.5438+million yuan. At the same time, due to the changes in the general situation, it is increasingly difficult to borrow from domestic financial institutions. By 1997, the "Beautiful City" project was forced to stop work because the follow-up funds could not keep up.