VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
The General Administration of Sport of China (GASC) has signed a cooperation deal respectively with the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, China Insurance Investment Co., Ltd and China Tourism Investment Co., Ltd.
Under their deals, the six financial institutes will provide support with sports projects, fitness and leisure facilities, sports industry parks, sports towns, sports complexes, sports events and activities. During China’s 13th Five-year Plan, the four commercial banks will offer an 800-billion-yuan line of credit.
At the same time, the GASC also launched the China Sports Industry Alliance at the news conference, with the goal of setting up an interactive platform for sports professionals from governments, universities and research institutes.
Zhao Yong, deputy head of the GASC, was named the president of the council of the Alliance.
The news conference was held January 13, 2018, and was also attended by officers from local governments and executives from sports companies.
Source: Sohu
Proofread by William Logsdon
Related coverage
Chinese authorities publish 2019-2020 plan to stimulate sports consumption
16 Jan 2019
National Sports Training Alliance launched
22 Jan 2018
JOEONE unveils official suit of the Chinese National Sports delegation to the 2018 Asian Games
26 Jul 2018
China release list of sports venues to receive subsidies in 2019
09 Jul 2019
General Administration of Sport set up Winter Sports Development Fund
22 Oct 2018
More from Yutang Sports
SportAccord scores Summit touchdown with NFL
18 Jan 2024
Registration open - SportAccord World Sport & Business Summit
18 Dec 2023
Discover the SportAccord Summit sessions!
31 Jan 2024
Future of Sport: a resounding success for the Global Sports Week and Viva Technology collaboration
21 Jun 2023
SportAccord announces first speakers - World Sport & Business Summit 2024
06 Dec 2023
Yutang Sports
loading...