Hua Mao Group's plan has run aground.

On April 5th, at No.81~ 85 Dianchi Road, Huangpu District, Shanghai, facing the word "Manhattan (Bund) Business Hotel" in the cold wind, many citizens didn't know that this building once entrusted Gong Ruxin's dream of a five-star Bund hotel.

1994, Gong Ruxin planned to invest 1 100 million dollars to rebuild the famous Peace Hotel in Shanghai, but it was shelved because the demolition problem could not be solved. Subsequently, Gong Ruxin decided to purchase the plot No.81~ 85 of Dianchi Road to build a five-star Bund hotel, and named the project Hua Mao Peace Building.

Subsequently, the reporter learned in the interview that the plan had been modified and terminated as early as 10 years ago. Now, Hua Mao Peace Building has been listed in the "Glory Real Estate" column of Shanghai Rongguang Group website. Shanghai Rongguang Group told reporters on the phone, "Shanghai Rongguang is a modern joint-stock cooperative enterprise specializing in office building development, leasing, sales and property management, and Huamao Peace Building is leased by this enterprise."

"The original name of Manhattan Hotel is indeed Huamao Peace Building, which was transformed from the classical European seven-story building of 1927." The person in charge of the Manhattan (Bund) business hotel told the reporter, "At present, the building has been leased to the Manhattan business hotel chain in Hong Kong, but the specific lease period is not clear."

Another big project of Gong Ruxin in Shanghai took place at 200 1, when Shanghai Agriculture, Industry and Commerce (Group) Corporation was going to allocate 6,000 mu of land to Gong Ruxin to build an eco-agricultural base on Chongming Island. In June of the same year, Hong Kong Huamao invested in Shanghai Dingdingxian Supermarket, and gradually increased the initial investment from 30 million yuan to 654.38 billion yuan, and the actual equity also increased from 20% to 90%.

According to informed sources, the long-term planning of Chongming Island Eco-agricultural Base at that time was to develop together with Dingding Fresh Supermarket. After the supermarket prospers, it is estimated that the overall investment will be huge. In 2004, the project was once reported to be about to resume work, but there is still no news until today.

Prior to this, there was a media report that "Hua Mao Group invested 80 million Hong Kong dollars in the construction of Nanhai Education City Project in 2000". Seven years later, the head of the Information Office of Nanhai District Government of Foshan responded in an interview: "I haven't heard of it, and I don't know the Nanhai education project plan."