An investment promotions event is held in Yuquan district in Hohhot on May 25. [Photo/hhhtnews.com]

Yuquan district in Hohhot, capital city of North China’s Inner Mongolia autonomous region, successfully held its first investment promotion event for 2020 on May 25, according to local officials.

They said that it attracted the participation of more than 60 companies from places including Inner Mongolia, Beijing and Zhejiang province.

District representatives gave an introduction to the business environment of Yuquan district in terms of its advantages as a transportation location, as well as its advantages in cultural tourism, land resources and its trade and logistics industry.

In order to promote investment during the novel coronavirus epidemic prevention and control period, Yuquan district made efforts in strengthening its guaranteed services for major projects.

Officials said it also innovated and streamlined methods for attracting investment and actively promoted online investment through online negotiations, telephone conferences and video conferences.

They said that since the epidemic situation was effectively controlled, the district had actively contacted companies to carry out on-site investigations and matchmaking  negotiations, kept abreast of investment plans and project requirements of the businesses and continued with follow ups on the progress of the projects under negotiation.

In addition, in order to expand the influence and attractiveness of the district’s investment promotion, Yuquan coordinated its district departments to organize and summarize the mature investment resources of the district.

It then packaged them into investment promotion projects.