Goldin Finance 117 and other failed skyscraper projects in China were responsible for the government banning construction of buildings over 500 metres (1,640 feet).

However, work was suspended in January 2010 due to the fallout of the Great Recession and eventually resumed in 2011 with the new estimated completion of 2018–2019.

[6] It was originally meant to be the centerpiece in the Goldin Metropolitan Scheme, a mixed-use luxury development on the outskirts of Tianjin catering to the super-rich, although the economic viability of the project was questionable.

China State Construction Engineering Corporation, the contractor of the project, removed all on-site workers and left it unfinished.

[12] In 2016, Russian couple Ivan Beerkus (Kuznetsov) and Angela Nikolau climbed the under-construction tower.