On November 9, 2012, the curtain descended on "2012 luxury goods summit in China", which was held by The Shanghai Pudong Ritz Carlton Hotel. The Beijing Rong Hui Arts Center was invited to attend the summit as the chief cooperative agency. The summit was hosted by Wealth Quality Research Institute, jointly supported by The Luxury Marketing Council, Chinese Business Newspaper, Harvard Business Review, Moodie Reports, The World of Fine Wine, and Harmony Net.