[5] It is situated on the Central and Wan Chai Reclamation overlooking Victoria Harbour in Hong Kong.
[8] In 2014, Swiss AEX expected 1 million riders per annum which is approximately a daily average of 2,740 passengers.
In 2017, the government awarded the second term of the operating contract to The Entertainment Corporation Limited (TECL) which was set to commence in September 2017.
The wheel closed to the public in August when the dispute over transfer of its ownership resulted in a deadlock between the original and new operators.
[8] The Secretary for Development stated the wheel could be dismantled and closed for 2 years until a replacement is built by TECL.
[12] In November 2017, TECL announced that the wheel would re-open to the public on 20 December 2017 as part of the new AIA Vitality Park, with a range of health and wellness-related events, attractions and activities nearby.
The chairman of the Harbourfront Commission, Nicholas Brooke, showed support for the development project in an interview.
Security has also been controversial after the release of a photo taken by one daredevil climber showing himself sitting on the top of the wheel.