Hong Kong Juao Group will invest RMB1 billion on developing the travel resources in Shanxi's Ningwu, including the Luya Shan scenic spot.

This is one of the largest ever investments that Shanxi province has received for its travel industry.

Located in northwest of Shanxi province, Ningwu County has more than 100 registered scenic spots. Juao Group will focus their investment on food, lodging, transportation, tours, entertainment and shopping. They will also develop forest and agriculture sector there in order to expand the inner-province, domestic and international markets. They are hoping to construct Ningwu into a 5A scenic resort area.

Juao Group is a financial services firm which is engaged in investment and financing services throughout China.