Chinese commercial banking group Ping An has signed up as the first title sponsor of golf’s PGA Tour China.
Part of the US PGA Tour’s global operations, PGA Tour China launched in 2014 and this year features a 13-tournament slate that begins with the ongoing Buick Open in Haikou and concludes in November.
Terms of Ping An’s deal were not disclosed, but the tour will now be known as the Ping An Bank PGA China Tour Series. Ping An’s insurance division last year signed a four-year deal to become title sponsor of the Chinese Super League, the country’s top football division.
The 2014 PGA Tour China Series boasted winners from six different countries, including three champions from China capturing a combined five titles. Player of the year and order of merit winner Hao Tong Li (pictured) is currently playing on the Web.com Tour, the development series of the PGA Tour.