BEIJING - Chinese company Dalian Wanda is set to provide considerable financial support to Chinese soccer through a comprehensive agreement with the Chinese Football Association (CFA), according to reports.

The company, whose assets are estimated at 140 billion yuan ($21.6 billion) through its ventures in commercial properties, luxury hotels, chain stores and tourism, will invest in the Chinese Super League (CSL) and play a significant role in the management of the competition.

It will also sponsor the league in the name of "Dalian Wanda Plaza CSL" from this season, Titan Sports newspaper said.