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Once a model of commercial events, snooker’s match-fixing storm has intensified.

Reporter | Yang Wei

With the end of the English Open on December 18th, the snooker tournament in 2022 will enter the off-season, and the snooker Masters and the World Grand Prix will be held in January 2023, but the snooker industry entering the year is not peaceful.

On December 27th, 2022, Beijing time, the World Professional Billiards and Snooker Association (WPBSA) issued a statement that China’s Chen Zifan was suspended from participating in the World Snooker Tour due to alleged manipulation of the competition results, and this decision took effect immediately.

This is the eighth China snooker player who has been suspended for the same reason this year. Previously, at the end of October, 2022, China’s Liang Wenbo, who would have played in the 2022 Snooker English Open qualifier, was suddenly suspended, and the World Taiwan Federation immediately announced that it would launch relevant investigations.

Until December 9th, WPBSA issued a statement announcing that six China players, Liang Wenbo, Lu Ning, Li Hsing, Zhao Jianbo, Bai Langning and Chang Bingyu, were suspended for violating the WFTU Code of Conduct and allegedly manipulating the results of the competition for the purpose of gambling. Among them, Lu Ning and Chang Bingyu missed the English Open.

After another wave of unrest, on December 12, WPBSA issued another ticket, and Yan Bingtao, a 22-year-old rising star who was regarded as Ding Junhui’s successor, was also suspended for manipulating the results of the competition. At that time, Yan Bingtao, ranked 16th in the world, was about to take part in the English Open. He will also withdraw from the snooker Masters, which will kick off on January 8, 2023.

In fact, this is not the first time that a China snooker player has been punished by the World Federation of Taiwan for fixing the ball. In December, 2018, China’s Yu Delu and Cao Yupeng were sentenced to 10 years, 9 months and 6 years’ ban respectively for suspected match-fixing.

In fact, in recent ten years, the sport of snooker has been unable to cut with match-fixing. In 2013, Stephen Lee, a British star who ranked fifth in the world, was banned for 12 years for match-fixing, while Higgins, who had been ranked first in the world for a long time, was also banned for gambling, and then Bingham, a former world champion.

The constant match-fixing scandal has dealt a great blow to snooker.

Previously, although it was not comparable to the four major sports leagues in North America and the five major leagues in Europe, it had a fixed tournament coverage, a stable commercialization and bonus structure, and entered the China market relatively early, which made snooker one of the "small but beautiful" models of commercial events worldwide.

But now, in the China market,After Ding Junhui, the "first brother", China snooker has been in a hopeless situation. In addition, such a large number of players have been banned, which is undoubtedly worse.

So far this season, China players have only reached the semi-finals of the ranking tournament in the Champions League, the Northern Ireland Open and the British Championship, while in the British Championship, one of the "Three Snooker Competitions", a total of seven people participated in the China Legion, and only Ding Junhui and Zhou Yuelong broke through the first round.

selfAfter Ding Junhui won the world snooker china open and Snooker British Championship respectively in 2005, snooker gradually gained a foothold in China.

Before the epidemic, more than 5 competitions were held in China every year.,andEstablished the CBSA World Snooker Academy. This sport, which was born in the British Isles, regards China as its largest overseas market and has gained a lot.

However, the continuous fermentation of this match-fixing event will inevitably affect the image of China snooker, and its market value in China will be greatly reduced. At the same time, it will affect the future of the whole snooker movement.

To some extent, the high entry cost and low prize money have made some low-ranked players "think badly".

In recent years, due to the epidemic situation, players must go abroad frequently and get good results in large-scale ranking competitions in order to get a certain amount of bonuses. However, due to the limited overall prize money of snooker events, the income of the players is even difficult to make up for the high cost of living in Britain and Europe.

After this season’s Scottish Open, Ding Junhui, the "first brother" of China snooker, repeatedly bombarded the World Taiwan Federation with three dynamic articles on December 1st, bluntly saying, "I didn’t expect any sport to start at 11 o’clock" and "earn a lot of money to give athletes a little bonus".

It is not difficult to see that there are not a few athletes who are dissatisfied with the schedule arrangement and bonus distribution system of the World Taiwan Federation.

In fact, as the world’s top commercial billiards tournament, snooker can earn a lot of sponsorship income, including CAZOO, a British used car service provider, ROKIT, a European telecommunications company, and Red Bull, a beverage giant.

However, the competition system that ranks according to the number of prizes and the sharp decline in the prizes of events make it difficult for players with poor performance to maintain their careers. To be in2023yearoneTake the snooker Masters held in June as an example, as a snooker."One of the Three Major Events",Only before the ranking16Only athletes are eligible to participate.,But stop the first round.Players can only getone.fiveTen thousand pounds (about 125 thousand yuan) bonus.

As a leader in the industry, Ding Junhui seems to be helping China billiards explore new directions. On December 20th, the International Federation of Chinese Billiards announced that Ding Junhui would officially become the global promotion ambassador of Chinese billiards.

From March to April, 2023, during the global finals of Qiao’s Chinese Billiards Masters in 2022, the Chinese Billiards International Federation will hold a signing ceremony with Ding Junhui.

Ding Junhui said: "This is an original billiards game in China. I am more cordial and passionate about it. I am willing to contribute my own strength to its development."

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What is the direction of the real estate market in the next five years？ Authoritative Interpretation of Economic Daily →

This article was transferred from [Economic Daily];
In the traditional peak season of "Golden September and Silver 10" in the real estate market, developers exchanged prices for quantity, especially head housing enterprises, and achieved good sales performance. Does this mean that the property market will gradually pick up in the future? By studying the Proposal of the Central Committee of the Communist Party of China on Formulating the 14th Five-year Plan for National Economic and Social Development and the Long-term Target for the Year 2035 issued by the Fifth Plenary Session of the 19th Central Committee, we can see that "housing without speculation" will remain the main tone of the future real estate control policy, and "promoting the healthy development of housing consumption" is expected to bring more incremental space to the market.
In the second half of this year, local regulatory policies have been continuously increased, the real estate market has remained stable as a whole, and the momentum of excessive housing price increases has been effectively curbed. In the traditional peak season of "Golden September and Silver 10" in the real estate market, developers exchanged prices for quantity, especially head housing enterprises, and achieved good sales performance. Does this mean that the property market will gradually pick up in the future?
As can be seen from the "14 th Five-Year Plan" proposal adopted by the Fifth Plenary Session of the 19th Central Committee,"Housing without speculation" will remain the main tone of future real estate regulation and control policies, and "promoting the healthy development of housing consumption" is expected to bring more incremental space to the market..
The "Golden September and Silver 10" property market is generally stable.
Judging from the changes in the sales price of commercial housing in 70 large and medium-sized cities announced by the National Bureau of Statistics, the increase in the sales price of commercial housing dropped slightly in September.
Sheng Guoqing, senior statistician of the Urban Department of the National Bureau of Statistics, said that in September, the sales prices of new commercial housing and second-hand housing in various cities dropped from the previous month. The year-on-year increase in sales prices of new commercial housing and second-hand housing in second-and third-tier cities continued to decline. Although the house price data in October has not yet been released, on the whole, the national house price remained stable in September and October.
September is the traditional sales season in the real estate market, and housing enterprises naturally don’t want to miss this good opportunity for promotion. For example, Evergrande Real Estate launched a large-scale marketing campaign, with sales of about 60 billion yuan during the "Eleventh" period alone, and the overall performance in October exceeded 100 billion yuan. R&F Properties took the lead in entering the real estate e-commerce platform "Tmall Good Room", and promoted it with the help of the platform. During the "Eleventh Five-Year Plan" period, sales on this platform alone reached 5.6 billion yuan. COSCO Group’s sales in September and October were 16.03 billion yuan and 16.11 billion yuan respectively, up by 19% and 31% respectively.
Statistics from research institutions show that, Evergrande, Sunac, Country Garden, Vanke and Poly all exceeded 100 billion yuan in total sales in September and October.. In addition, in October, the sales performance of housing enterprises such as Poly, Greentown, Shimao, Gemdale, China Merchants and Jinmao was also outstanding, and the monthly performance scale increased significantly year-on-year.
However, people in the industry generally believe that housing enterprises actively market during the sales window period. Compared with other small and medium-sized housing enterprises, leading housing enterprises perform more prominently. And on the whole,Since the third quarter, the growth of the overall performance scale of housing enterprises has mainly benefited from the backward pace of sales and supply during the year, and the supply has increased significantly..
Since the second half of this year, Shenzhen, Nanjing, Hangzhou, Chengdu and other cities have successively introduced real estate control measures to crack down on speculation and prevent the property market from overheating. From the current point of view, the policy effect is obvious, and the housing price has not risen too fast under the control. Stability is still the general tone of the current market.
Adhere to the main tone of "housing without speculation"
The influence of policy direction on the future real estate market is very important. As the "Thirteenth Five-Year Plan" enters its final year, what will be the main tone of the real estate market in the next five years?
The Central Committee of the Communist Party of China’s Proposal on Formulating the 14th Five-year Plan for National Economic and Social Development and the Long-term Target for the Year 2035 (hereinafter referred to as the Proposal) puts forward that "we should adhere to the position that houses are used for living, not for speculation, rent and purchase at the same time, and promote the stable and healthy development of the real estate market", "promote the healthy development of housing consumption", "effectively increase the supply of affordable housing, improve the income distribution mechanism of land transfer, and explore and support the use of collective construction land to build rental housing according to the plan.
All the above shows that the real estate policy will maintain stability and continuity. During the "Thirteenth Five-Year Plan" period, after the policy of "housing and not speculating" was put forward, China’s real estate market generally entered a stage of steady development, and individual cities adopted a high-pressure policy of "outcrop and fight" against the excessive rise in housing prices.Even in the first half of this year, when the COVID-19 epidemic was sudden and the downward pressure on the economy increased, the regulation of the real estate market in the second half of this year has not been relaxed at all.. The central government and a number of competent departments have stated that they adhere to the positioning of "housing and not speculating", and talked about relevant cities, introduced new financing regulations, and continuously introduced regulatory measures in many places, demonstrating their firm determination to curb the excessive rise in housing prices.
It can be said that the main tone of the real estate policy during the "14th Five-Year Plan" period will still be "housing and not speculating", and the stable and healthy development of the real estate market will be a clear direction..
Affected by the tightening of regulation, the local real estate policy was significantly reduced in October. Based on the fact that the central level has always maintained the determination of real estate regulation and control, and since the second half of the year, it is expected that the real estate policy environment will remain tight in the next stage, and local governments will remain cautious when introducing regulation and control policies. Hot cities and cities with excessively high housing prices will still face tightening regulation and control, and it is not excluded that more cities will join the "restricted purchase and restricted sales tide".
The "National Monitoring Report on Real Estate Policy Changes" released by the Evaluation and Research Center of China Housing Research Association in October believes that,In the long run, the purpose of real estate regulation is to stabilize land prices, stabilize house prices and expectations, and promote the stable and healthy development of the real estate market. With the effective control of the real estate market in hot cities, the real estate policy environment will also change from tight to stable..
The "Proposal" also clearly stated that it is necessary to adhere to the policy of the city, promote the healthy development of housing consumption, and promote the balanced development of finance, real estate and the real economy. Under the guidance of policies, the differentiation of local regulation is expected to be further intensified in the future. Third-and fourth-tier cities may take the lead in stabilizing the property market by accelerating the construction of new urbanization, encouraging farmers to buy houses in cities, and giving subsidies or tax incentives for buying houses. In some hot cities, the real estate market supervision will maintain a high-pressure situation.
Promote the healthy development of housing consumption
In many people’s minds, investing in real estate can achieve the goal of maintaining and increasing wealth. Even if house prices can’t rise as sharply as in the past in the next few years, they can at least outperform inflation. Is buying a house really a sure-fire business?
In recent years, the property market has proved by facts that the investment in buying a house, like other investment behaviors, may make money or lose money. Some research institutions have compared house prices with CPI in the past three years, and found that only a few cities such as Xi ‘an and Yantai really exceeded the CPI increase. In Shanghai, Guangzhou, Beijing and other first-tier cities, the increase in house prices has not outperformed inflation in the past three years; In Wuhan, Tianjin, Langfang and other cities, the relative decline in house prices is obvious.
When referring to housing consumption, the "Proposal" clearly "promotes the healthy development of housing consumption". People in the industry generally believe that,"Housing consumption" is not simply the purchase consumption. The purchase consumption is gradually changing to residential consumption, including rental housing, renovation, supporting upgrades, quality improvement, service improvement and other broader consumer needs, linking many industries such as building materials, home improvement, health care and property services..
It is worth noting that the focus of promoting housing consumption is more on "healthy development", which means that residents’ housing improvement needs based on urban-rural migration, family changes and income growth are met. For development enterprises, we should pay attention to diversification and focus on improving the ability of continuous operation and service. As the number of new housing developments will decrease in the future, property management, pension, commerce, cultural tourism and renovation of old residential areas may become important profit sources for housing enterprises.
Source/Economic Daily (Reporter Kang Shu), the original title is "The real estate market performed steadily in September, and the main tone of the property market will not change."
Producer/Editor-in-Chief Jiang Fan/Blair
Editor/Wang Jingyang
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