Shànghǎi tān de yèshēnghuó zhǐzuìjīnmí, chōngmǎn yòuhuò.
The nightlife of the Shanghai Bund is dazzling and decadent, full of temptations.
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history
From the Song-era 《清异录》 by Tao Gu: a doctor named Meng Fu had a small room lined with gold foil and glittering paper; visitors said staying there made them 「金迷纸醉」 — dazed by gold, drunk on paper.
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Strongly negative connotation. Implies moral decay and wasteful extravagance, not just wealth. Never use it approvingly.