Chinese insurance company Ping An has upgraded its partnership with the Chinese Football Association.
The new agreement, the length of which was not disclosed, names Ping An as an official sponsor of the Chinese national team, and the first in the financial sector.
According to the Yutang Sports news website, Ping An will provide insurance cover to the team worth RMB1.42bn (€191.4m/$213.8m). The insurance covers claim settlements and health care services.
Ping An had previously served as an official partner of the national team and is also the title sponsor of the Chinese Super League club competition.