Dancing Sports president Vincent Zhou and Pacquiao signed the agreement in an elaborate ceremony on December 2 at the Diaoyutai Hotel in Beijing which was attended by Chinese dignitaries and representatives from the Chinese media.
Part of the agreement was the establishment of the Manny Pacquiao International Boxing Academy (PIBA) in China envisioned to become an instrument to attract, train and develop Chinese world class boxers and to regularly promote professional boxing matches all over China.


“This agreement of course will definitely shower a new boxing era in our sports and will contribute to help realize our great potential in boxing,” Zhou said.
Pacquiao, who was in Bejing from Dec. 1 to 3 to also attend the Chinese Communist Party's 'World Political Parties Dialogue' said, “Yesterday, I met with President Xi and Prime Minister Li Keqiang, and I am glad that the high level relationship between China and the Philippines is going further. President Xi's Belt and Road initiative is very important, it will help countries along exchanges and cooperation at all levels across borders. It is not difficult to see that the signing of this comprehensive agreement is exactly the implementation of the two top leadership initiatives of China and an important action to promote cooperation between China and the Philippines.”