China

Property development company Sinobo Land has sealed an agreement to acquire a 64 per cent stake in Beijing Guoan, with the deal set to place the value of the Chinese Super League (CSL) football club at an equivalent level to Europe’s top teams.

China has ordered the closure of over 100 golf courses as it continues to crack down on the illegal development of arable land.

The Chinese Football Association (CFA) has announced plans to significantly enhance investment in the sport, however the sums involved pale into comparison to the money being spent by domestic Super League clubs on overseas signings.

The Chinese Football Association (CFA) has today (Monday) confirmed the introduction of new regulations that will further limit the number of overseas players able to appear in domestic matches, amid concerns that clubs are over-spending on importing talent.

Chinese conglomerate Dalian Wanda has posted a 13.9-per-cent drop in revenue for 2016 despite a 3.4-per-cent increase in operating income to CNY254.98bn (€35bn/$37bn).

China is set to be banned from international weightlifting competitions for one year after three of its athletes were stripped of gold medals from the Beijing 2008 summer Olympic Games following doping re-tests.

The International Basketball Federation (Fiba) has announced that the Chinese city of Shenzhen will host its 3x3 Asia Cup later this year.

The Formula E electric car-racing series has received further fresh investment with the news that Yao Capital, a Chinese private equity firm founded by former basketball star Yao Ming, has acquired a stake in the organisation.

North American ice hockey league the NHL is targeting regular-season games in China as it seeks to raise its profile in the Asian market.

A spokesman for China’s General Administration of Sport (GAS) believes salary caps should be introduced to limit escalating spending by the country’s Super League football clubs.

Mark Dreyer finds out how a Pac-12 Conference initiative is giving the Chinese sports industry a glimpse into the future of its student sport landscape.

Gou Zhongwen, director of China’s General Administration of Sport, has been elected as the new president of the Chinese Olympic Committee (COC).

The World Curling Federation (WCF) has signed a global development partnership with the Chinese Curling Association (CCA) ahead of Beijing’s staging of the 2022 winter Olympic and Paralympic Games.

China Media Capital has led a “multi-million-dollar” investment in HaiQiu Sports (HQ Sports), the sports technology company that was co-founded by former China national team footballer Sun Jihai.

The Wanda Sports division of Dalian Wanda is targeting a double-digit profit margin by 2020 with a view to listing on the stock exchange, according to chairman of the Chinese conglomerate, Wang Jianlin.

Fina, the global governing body for aquatic sports, has become the latest major sports body to strike a partnership with the Alisports division of Chinese e-commerce giant Alibaba.