On September 6, the Yunnan Provincial Investment Cooperation Bureau signed a memorandum of understanding with Tongcheng Holdings Ltd. The two sides reached consensus with regard to strategic investment policies in Yunnan Province. It covers the fields of civil aviation and tourism.

According to the memorandum, Tongcheng will invest in aircraft maintenance engineering, hotel management, freight forwarding and logistics, aviation catering and flight training to form a total industry chain. Tongcheng will also actively participate in the province’s high-growth, high-quality tourism projects, in an effort to promote tourism province-wide.