According to Ningbo Municipal Bureau of Foreign Trade and Economic Cooperation, Yuyao Poly Real Estate Development Co., Ltd  has settled in Yuyao, which is fully invested by the wholly-owned subsidiaries of Poly(Hong Kong) Investments Limited, Luck Rise Limited. Yuyao Poly Real Estate Development Co., Ltd has a total $ 0.282 billion investment and $ 0.141 billion registered capital, marking the largest foreign investment in Ningbo.

Poly(Hong Kong) Investments Limited is the  is the sole overseas-listed company of “China Poly Group”. As a large-scale central enterprise, China Poly Group features diversified investment fields, advanced development philosophy and rich development experience. With the involvement of China Poly Group in its development, Ningbo can substantially have its standard of urban planning and construction lifted and its city image polished. Further, the settlement of Yuyao Poly Real Estate Development Co., Ltd will bring about the urban complex catering to the local culture, shopping, office uses, entertainment,dwelling, ect.

The establishment of Yuyao Poly Real Estate Development Co., Ltd reflects the partial success of the investment attraction plan of Ningbo Municiple Government. In April last year, Ningbo government officials went to Hong Kong to invite Luck Rise Limited to open companies in Ningbo. Trough investigation, screening and negotiation between the two sides, Yuyao Poly Real Estate Development Co., Ltd was finally established. The whole process is of amazing high efficiency.