HSBC extends flagship WGC event in China, purse to $9.5 million

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SHANGHAI: The flagship World Golf Championships-HSBC Champions will stay in China for the next five years with an increased prize fund of $9.5 million, officials said on Tuesday, making it the richest tournament outside the US and major championships. In a slew of announcements at the HSBC Golf Business Forum in Shanghai, the bank also said it was extending its sponsorship of Asia’s richest US LPGA event, the HSBC Women’s Champions in Singapore, to 2020, as well as the European Tour’s Abu Dhabi Golf Championship and its association with the British Open as the event’s patron.

AFP

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