BEIJING， Feb. 20 (Xinhua) -- The Chinese Cycling League (CCL) will introduce major changes to its competition calender， group formation and bonus allocation starting from the 2017 season， the concerned officials said here on Monday.
"A new season marks a new journey，" said Han Jiling， director of the cycling department at the Cycling and Fencing Administrative Center under the General Administration of Sport of China.
"The Chinese Cycling Association (CCA) will continue its efforts to enhance the professional management of the races， and encourage more competitors and local organizers to promote the development of the sport，" said Han.
At least three categories of changes will be introduced to the 2017 season， according to Ma Xiaotian， the CCL competition director.
Multi-day races will be added for the first time to the calender as the 2017 season will run from March 11 to Sept. 24 through seven legs， which will debut in Mianzhu， Sichuan province on May 26-28.
And three more road races of men's A and B groups， and women's open group will be introduced from the new season， along with the original men's open group and All-For-Fitness group.
Besides， the CCL， which was inaugurated in 2014， will allocate a total bonus of more than 3 million yuan (about 435.000 US dollars) for both individuals and teams in accordance with their competition points.
"The year 2016 has witnessed more than 500 cycling races throughout the country， including the CCL ones， and great successes have been attained by the organizers and the local governments for both economic and social developement，" said Han.
Liu Dake， president of the solo CCL-running Shizhi Sports， said that "more local people will be encouraged， and tourism in each of the hosting regions will also be enhanced through the CCL races under the auspices of the Chinese Cycling Association."
According to the competition organizers， every provincial team will also be granted with a fund of one million yuan (145，000 US dollars) for "24-hour around-the-clock service"， should it join in the CCL Incubating Project for Provincial Teams.
by Tan Shih Ming
SINGAPORE， Oct. 14 (Xinhua) -- Singapore shares closed 0.35 percent higher on Friday， as investors took comfort in reports that China's prolonged industrial deflation finally came to an end in September.
China's consumer price index rose 1.9 percent from a year earlier in September， while the producer price index gained 0.1 percent. The inflation figures beat market expectations， pointing to improved operating conditions for Chinese factory owners.
According to China's National Bureau of Statistics， stronger coal and metals prices were the main forces behind China's producer price gains.
Singapore's benchmark Straits Times Index rose 9.76 points to 2，815.24 points. Trading volume was 2.14 billion shares worth 1.14 billion Singapore dollars. Advancers outnumbered decliners 236 to 128， while 536 stocks did not move.
Lian Beng Group fell 1.1 percent to 46 Singapore cents. It reported first-quarter net profit of 13.5 million Singapore dollars， down 59.8 percent on-year. Its revenue for the three months to August 2016 fell 47.8 percent on-year to 70.8 million Singapore dollars， dragged down by the construction and ready-mixed concrete segments. Its cash level stood at 163.3 million Singapore dollars as at end of August， 2016.
Xpress Holdings ended flat at 72 Singapore cents. It will change its name to A-Smart Holdings following shareholders' approval at the company's extraordinary general meeting on Thursday.
The new A-Smart will expand its core businesses to include smart technologies， publishing and investment. The company will enter into the smart technologies business with an acquisition of 70 percent stake in Amplify Me， a developer of e-commerce applications， web-portals and online platforms.
Among top gainers， Jardine Cycle and Carriage rose 2.9 percent to 41.17 Singapore dollars， whereas Great Eastern Holdings became one of the top losers by falling 1 percent to 20.40 Singapore dollars. (1 U.S. dollar equals to 1.39 Singapore dollars)
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