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China Slowing Foreign Acquisitions As Government Attempts To Curb 'Irrational' Deals

Published in SportsBusiness Daily Global on 02 / 17 / 17

Foreign property investment by Chinese companies "plunged" by 84% last month, as Beijing’s capital controls "choked off the flow of foreign acquisitions," according to Gabriel Wildau of the FINANCIAL TIMES. In an "effort to curb capital outflows and ease downward pressure" on the yuan, Ch...

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Tags: Finance, China

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IOC Picks Beijing To Host 2022 Games

Beijing "is to stage the 2022 Winter Olympics -- despite having little natural snow -- and will become the first city to host both the summer and winter games," according to Moore & Shepherd of the FINANCIAL TIMES. The IOC voted 44:40 in favor "of the Chinese capital over its rival, Almaty in Ka ...

Tags: Olympics, China

Almaty Out To Upset Beijing For '22 Games

Beijing "will go head-to-head with the little-known Kazakh city of Almaty for the right to host the 2022 winter Olympics" when the IOC elects the winner at its session in Malaysia next week, according to Karolos Grohmann of REUTERS. Beijing, which hosted the 2008 Games, "is looking to become the fir ...

Tags: Olympics, China, Asia

Chinese Team In America's Cup Talks

America's Cup Events Authority CEO Russell Coutts said that a Chinese team "is one of three talking to America's Cup organisers about joining the five challengers so far entered for the 2017 edition," according to Alan Baldwin of REUTERS. Coutts: "This new entity that is looking to come in would be ...

Tags: Events and Attractions, China

UBS Back As Hong Kong Open Sponsor

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Tags: Marketing and Sponsorship, China

SPFL Agrees New Live TV Deal For China

The Scottish Professional Football League "has agreed a deal to show live Scottish football on mainstream television in China for the first time," according to Chris McLaughlin of the BBC. Thought to be worth about £500,000 ($778,000) a year for three years, the deal "is with Letv Sports, Chin ...

Tags: Media, China, United Kingdom

Experts Say Snow 'No Problem' For Beijing

Ski industry experts said that snow "won't be a problem for Beijing and co-bidder Zhangjiakou if they are awarded the right to host the 2022 Winter Olympics," according to XINHUA. Lack of natural snow was "considered as a challenge for the Beijing 2022 bid." But experts said that "the climate condit ...

Tags: Olympics, China

Eastern Becomes HK's First Pro Team

Newly crowned A2 division champion Eastern is "set to shake up the local basketball scene" by devoting HK$10M ($1.3M) to become the first professional team in Hong Kong, according to Chan Kin-wa of the SOUTH CHINA MORNING POST. Unbeaten in the league this season, Eastern, which also has a footb ...

Tags: Leagues and Governing Bodies, China

Chinese FA Teams Up With 58.com

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Tags: Marketing and Sponsorship, China

Beijing Says Probe Will Not Affect Bid

A spokesperson said that a corruption investigation into a deputy Chinese sports minister who had sat on the country's Olympic committee "will not impact Beijing's bid for the 2022 Winter Olympics," according to Ben Blanchard of REUTERS. The Communist Party's anti-graft watchdog, the Central Commiss ...

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Fude Holdings Invests In Yanbian FC

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