Report: Ping An set to renew Chinese Super League sponsorship

Beijing Business Today suggests insurance company is set for five-year extension.

Report: Ping An set to renew Chinese Super League sponsorship

Shenzen-based insurance company Ping An has reached an agreement with the Chinese Football Association (CFA) to continue its title sponsorship of the Chinese Super League (CSL) for a further five years, according to a report from Beijing Business Today.

The new agreement could be valued at RMB1 billion (US$145 million) in total, according to the story, a significant increase on the RMB600 million (US$87 million) Ping An's initial deal, signed in 2014, was worth.

Beijing Business Today also reports that the CSL will hold a press conference on 22nd May to confirm the renewal of the deal.