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
Third China Sports Industry Value Innovation Forum successfully held in Beijing
08 Jan 2018
2017 Chinese sports industry output officially announced
09 Jan 2019
2016 Chinese sports industry output officially announced
13 Jan 2018
The China Water Sports Development Center Officially Settles at Zhejiang University
22 Oct 2020
COFCO subordinate brands partner with General Administration of Sport of China
08 Aug 2019
More from Yutang Sports
VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023
SportAccord Summit 2024 Logo Unveiled
29 Nov 2023
Leading legal minds tackle athlete representation and rules for transgender athletes at LawAccord
16 Feb 2024
Meet the world-class speakers on SportAccord’s Plenary sessions
23 Feb 2024
Interview Part I with Martin Gibbs, Managing Director of SportAccord: the Power of Sport Is Real
21 Mar 2024
Yutang Sports
loading...