Latest news with #GeneralAdministrationofSport
South China Morning Post
13-04-2025
- Business
- South China Morning Post
China urges more financial support for sports industry
The Chinese authorities have called for more investment in spectator sports by urging financial institutions to invest in the sector. Advertisement New guidelines called for lenders and local governments to invest in facilities for athletes and spectators to help boost the economy. The initiative to support 'business models that integrate sports with culture, tourism, and healthcare' was announced on Friday by the central bank, General Administration of Sport, the National Financial Regulatory Administration and China Securities Regulatory Commission. The guidelines encouraged financial institutions to work with sports event organisers, especially for international events, and support everything from loans and insurance to currency exchange. They also offered support for issuing corporate bonds for projects with large investment scales and long payback periods, such as infrastructure, stadiums, sports parks, and fitness trails. Advertisement They also vowed to support stock market listings for sports industry firms, as well as encouraging private equity to invest. The guidelines said the goal was to 'optimise the financing function of the bond market, build an equity financing model, improve insurance quality, provide flexible financing leasing services and support companies to expand overseas businesses'.
South China Morning Post
10-04-2025
- Sport
- South China Morning Post
Zhao charged with taking China's women back to volleyball glory at 2028 LA Olympics
Zhao Yong was appointed coach of the Chinese women's volleyball team on Thursday and tasked with taking the one-time powerhouse back to the Olympic podium in Los Angeles in 2028. Advertisement Olympic gold medallists in Los Angeles in 1984 and again in 2004 and 2016, China finished fifth at last year's Games in Paris after being knocked out by Turkey in the quarter-finals. 'Zhao Yong demonstrates strong resilience under pressure, emphasises discipline in training, and excels in team management,' Lai Yawen, head of volleyball at the General Administration of Sport, told state media. 'His competence, coaching experience, work ethic, and mental fortitude make him well-suited for the role of head coach of the Chinese women's volleyball team.' Former men's international Zhao led a China's women side comprised primarily of fringe national team players to gold at the World University Games in Chengdu 2023 and the girls team to the title in the first under-17 world championship in Peru last year. Advertisement He has replaced Cai Bin, who was sacked last month.
Reuters
10-04-2025
- Sport
- Reuters
Zhao charged with taking China's women back to Olympic podium
BEIJING, April 10 (Reuters) - Zhao Yong was appointed coach of the Chinese women's volleyball team on Thursday and tasked with taking the one-time powerhouse back to the Olympic podium in Los Angeles in 2028. Olympic gold medallists in Los Angeles in 1984 and again in 2004 and 2016, China finished fifth at last year's Games in Paris after being knocked out by Turkey in the quarter-finals. "Zhao Yong demonstrates strong resilience under pressure, emphasizes discipline in training, and excels in team management," Lai Yawen, head of volleyball at the General Administration of Sport, told Xinhua news agency. "His competence, coaching experience, work ethic, and mental fortitude make him well-suited for the role of head coach of the Chinese women's volleyball team." Former men's international Zhao led China's women to gold at the World University Games in 2023 and the girls team to the title in the first under-17 world championship in Peru last year. He replaces Cai Bin, who was sacked last month.
