A visit to Shanghai by a group led by Yun Jiandong, the head of the Standing Committee of Hohhot Municipal People's Congress, has resulted in an investment deal between the city and real estate company Future Land Holdings Co Ltd.

The result of the March 8 visit is likely to be a new shopping plaza in Hohhot's Huimin district.

“The municipal government aims to inject more vitality into the economic growth of the city by attracting more investors,” Yun said during the visit.

Future Land vice-president, Yuan Boyin, spoke of the company's plans to build the new shopping plaza in Huimin district.

According to Yuan, the rapid development of the city has increased confidence in Future Land's Hohhot investments.

Ma Huijun, Huimin district secretary, gave strong support to Future Land's new project, stressing that the government will continue to improve the exchange and communication mechanisms between its own bodies and private enterprises, and will foster an investment environment of mutual transparency and fair competition. 

An investment agreement was jointly signed after the meeting.