Overseas Chinese Town Enterprises

Overseas Chinese Town Enterprises is a well-known Chinese tourism and cultural industry group, with businesses covering theme parks, resorts, and cultural performances.

Mid-to-high-end tourism and cultural brand

Product categories. Theme parks · Tourist resorts · Cultural performances

• 2026

  OCT posts RMB 14.5 billion loss as several executives are investigated

  OCT lost about RMB 14.496 billion in 2025, with total liabilities of about RMB 225.976 billion at year-end and a debt-to-asset ratio above 80%. In 2026, Feng Zhenzhong, deputy general manager of OCT (Shenzhen) Tourism Development Group, and several other managers were investigated by discipline inspection and supervisory organs. The group carried out internal anti-corruption rectification; debt pressure continued.

  Source

• 2023

  Shenzhen Happy Valley Roller Coaster Collision: Equipment Allowed to Run 'Sick'

  On October 27, 2023, the "Snow Eagle" roller coaster at Shenzhen Happy Valley, owned by OCT, was involved in a collision that injured multiple people. The investigation report determined that the company's main safety responsibility and repair and maintenance were inadequate, that it allowed equipment to operate "while ill," and that accident information released was seriously inaccurate. Multiple responsible persons were held accountable, with some recommended for transfer to judicial authorities; OCT Group was summoned for talks.

  Source

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• 2020.12.17

  Reported2020.12.18

  OCT Group signs cooperation agreements with Linxia[6]华侨城集团与临夏州签订合作协议finance.sina.com.cn

  OCT Group signed a strategic cooperation framework agreement with Linxia Hui Autonomous Prefecture, while OCT West Group signed an agreement with Yongjing County for the Yellow River Three Gorges tourism-area project.

• 2020.11.02

  OCT Group and Tencent sign strategic cooperation agreement[7]华侨城集团与腾讯签署战略合作协议house.cnfol.com

  OCT Group and Tencent signed a strategic cooperation agreement to jointly develop a digital cultural-tourism ecosystem and accelerate digital transformation across the sector. The agreement provides for establishing a joint venture.

• 2020.05.28

  Reported2020.05.29

  OCT agrees to acquire a 49% stake in a Xi'an property project[8]华侨城同意收购西安房地产项目49%股权tech.sina.com.cn

  OCT (Xi'an) agreed to acquire a 49% stake in the project company through a capital increase for RMB 480 million. The project company will remain a subsidiary of China Merchants Land.

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1. 1Shenzhen Happy Valley Roller Coaster Collision: Equipment Allowed to Run 'Sick'amr.sz.gov.cn
2. 2Shenzhen Happy Valley Roller Coaster Collision: Equipment Allowed to Run 'Sick'sz.people.com.cn
3. 3Shenzhen Happy Valley Roller Coaster Collision: Equipment Allowed to Run 'Sick'nbd.com.cn
4. 4OCT posts RMB 14.5 billion loss as several executives are investigatedfinance.sina.com.cn
5. 5OCT posts RMB 14.5 billion loss as several executives are investigated163.com
6. 6华侨城集团与临夏州签订合作协议finance.sina.com.cn
7. 7华侨城集团与腾讯签署战略合作协议house.cnfol.com
8. 8华侨城同意收购西安房地产项目49%股权tech.sina.com.cn
9. 9华侨城集团与临夏州签订合作协议 助力巩固脱贫攻坚成果gd.sina.com.cn