China Travel International Investment (CTII) plans to invest more money in mainland golf clubs as part of the red chip's strategy to focus on travel, leisure and entertainment businesses.
Chairman Zhu Yuening said discussions were being held on investments in Shanghai and Beijing, after the company bought a golf club in Shenzhen at an auction.
He said that, as China's economy was growing, people's living standards were improving, which would provide opportunities for travel, leisure and the entertainment business.
'It's a very big area for the leisure and entertainment business, but I am not talking about karaoke,' Mr Zhu said.
Mr Zhu is also chairman of CTII's parent, China Travel Service Hong Kong.
He said CTII would also diversify into infrastructure projects in China.