The Qingdao Palace and Yacht Club project is a comprehensive and multi-functional hospitality, entertainment and leisure entity that aiming to promote international exchange and development of the economy, trade, science and culture in greater China. With its advanced facilities and excellent services, this project will function as an international conference center, a comprehensive maritime leisure services center. It plays a very important role in promoting the reform and opening-up of the People's Republic of China to the outside world as well as enhancing the city function of Qingdao City.The Qingdao Palace’s goal is to become a landmark in the People's Republic of China.