THE government delegation of Futian District inked a cooperation deal with Wisdom Sports Group last month in a bid to jointly boost the area’s sports industry.

    The sports group will also set up a sports fund in Futian District with an initial investment of nearly 5 billion yuan (US$772.5 million).

    The district government’s cooperation with the sports group will bring in sports companies that focus on basketball, cycling and winter sports to Futian District. The two parties plan to forge the above companies into industry pioneers and strive to make the companies listed within five years.

    With the initial investment, the fund will be used to integrate and incubate resources in the sports industry, serving as a bridge connecting the sports companies to the capital market.

    To attract world-level competitions is also one of the goals. The sports group will try to bring the Electronic Sport World Cup, Ice Hokey Asia Cup and other international games to Futian District.

    An industrial park is expected to be constructed in the area, with a rehabilitation center, media outlets, schools, Internet companies and studios of the sports industry settling in the industrial park.

    (Zhang Qian)