Deng Yaping initiated a 5 billion sports industry fund focusing on sports, culture, science and technology, etc.

It is reported that the Deng Yaping Sports Industry Fund plans to raise a total scale of 5 billion yuan, and the first phase will be 500 million yuan. It will be raised and operated in a market-oriented manner.

China has its first sports industry fund named after famous athletes, which will also become one of the most important milestone events in China's sports industry in 2016.

After confirmation from various titanium media reporters, in October 2016, Deng Yaping's team and Zhongyuan Equity Investment Company jointly initiated the establishment of the Deng Yaping Sports Industry Investment Fund in Henan Province. It is reported that the Deng Yaping Sports Industry Fund plans to raise a total scale of 5 billion yuan, and the first phase will be 500 million yuan. It will be raised and operated in a market-oriented manner.

It is understood that the main investment direction of Deng Yaping Sports Industry Fund will mainly make equity investment in high-quality unlisted companies related to the sports industry chain. The main investment areas are sports, culture, tourism, science and technology, health and other industries. In recent years, the transformation and development of the sports industry has been in full swing, and it has also become a hot spot in the entire investment field. Deng Yaping Sports Investment Fund regards the sports industry as its focus of investment. In addition to its own accumulation and influence in the sports industry over the years, the sports industry is booming and the trend of transformation and prosperity of the sports industry is unstoppable, which is also an important reason.

As the management organization of Deng Yaping Sports Industry Investment Fund, the management company was jointly established by Deng Yaping's team and Zhongyuan Equity Investment Management Co., Ltd., a wholly-owned subsidiary of Zhongyuan Assets, giving full play to Deng Yaping's brand appeal and Zhongyuan Assets 'professional advantages in comprehensive financial services. It can be seen that the strength of both GPs (managing partners) is very strong.

Zhongyuan Asset Management Co., Ltd. was registered and established in August 2015. It is the first local asset management company approved by the People's Government of Henan Province with financial non-performing asset purchase business qualifications, with a registered capital of 3 billion yuan. After just one year of operation, the company's assets have reached 12.48 billion yuan.

Zhongyuan Equity Investment Management Co., Ltd. is a wholly-owned subsidiary of Zhongyuan Assets. It was established on November 30, 2015 with a registered capital of 200 million yuan. Currently, it has planned to establish more than 10 funds in the fields of urban development, environmental protection, education, and elderly care, with a total scale of 130 billion yuan.

In order to strongly support the business of Deng Yaping Sports Industry Investment Fund, the fund will also establish an Investment Strategy Committee headed by the leader of Henan Province. The Henan Province Sports Bureau and the Department of Finance will serve as member units of the Investment Strategy Committee, responsible for recommending sports industry investment projects in Henan Province and clarifying the investment areas and directions supported by the government.

The relevant official statement of the Henan Province government also shows that the main reasons for its strong support and promotion of the implementation of the Deng Yaping Fund are not only Deng Yaping's international influence, but also Deng Yaping's invaluable international vision, business operation experience in international events, and global resource integration capabilities in the entire sports world. From project selection to post-investment management, we can better benchmark with the international market, introduce more high-quality resources, and help projects achieve better and faster growth.

Although there has always been talk of a "capital winter" this year, in the first three quarters of 2016, companies of all sizes in all stages of the A, B and C sports rounds received financing, and their development rates were very healthy. Well-known projects such as Guangpigsty Fitness, ZEPP, Xiao Lizi Football Equipment, Dare Play, Sports, Kunlun Games, Crazy Games, Football Run, Ice Creation, Fittime, LeSports, as well as Kunlun Games, which does fighting competitions, wild battles in the field of e-sports, and FEEL and KEEP. According to iResearch's "2015 China Internet + Sports Report", in 2015, my country's total sports output value was 1.8 trillion yuan, and the industrial added value accounted for 0.7% of the GDP of the year. However, my country's annual per capita sports consumption is only US$145, which is still far behind the global average (more than US$200) and European and American countries (more than US$300).

Editor: yvonne