BEIJING, Jan. 19 (Xinhua) -- China is going to bring down the soaring salaries in the football leagues, according to an official statement posted on the website of the Chinese Football Association (CFA) on Thursday.
"The leagues will set a certain proportion on the salary to the players of the whole expenditure, for those who beyond that should get some policy adjustment," the governing body of football in the country said in the statement, which is similar to the NBA Salary Cap to some degree.
Meanwhile, China will also control the high spending on tranfers, as the CFA is going to establish a funding system, charging a percentage on those huge-sum transfers. This funding is said to be used on youth training.
China has shocked the football world with its phenomenal buying power as the clubs broke the Asian transfer record five times in recent years, and the latest came last month when Shanghai SIPG reportedly paid Chelsea 61 million euros (about 65 million U.S. dollars) for Brazilian midfielder Oscar to link him up with his Brazilian compatriot Hulk. At the same time, SIPG's city rivals Shanghai Shenhua reportedly made Argentina's former Manchester United and Manchester City striker Carlos Tevez the world's highest-paid player.
Earlier this week, the CFA had issued two rules which aimed at cutting the numbers of foreign players allowed in top-tier teams and forcing the teams to give more chance to the home young players.
The salary and transfer policies are among 16 regulations adding to the previous two, after the Chinese football authority held a conference in central China's Wuhan city on Tuesday and Wednesday.
This is obvious that China, now ranked 81st in the world but determinied to raise its football level, is going to spare no efforts to train home football talents in the future, as six of the total 18 new policies are related to the local youngsters.
Professional football clubs are forced to spend at least 15 percent of their annual revenue on youth training. Moreover, there is a more specific policy which regulates how many youth teams the clubs should build.
Other policies are related to the management of the clubs.
"The introduction of the 18 new rules will boost the healthy and sustainable development of domesitic clubs", the CFA underlined in the statement.