Beijing - Former International Olympic Committee Chairman Juan Antonio Samaranch signed an agreement Saturday with China Tennis Association (CTA) to help establish the China Teenager Tennis Development Fund.

Samaranch (C) and Wang Jinyu (L) pose for photograph.The fund, assisted financially by the Beiqi Foton Motor Group, will provide training resources in Spain to talented Chinese teenager players selected by CTA.

Juan Dedeu, who is responsible of managing the Samaranch Foundation, said the former IOC president had talked with China Tennis Sports Administration as early as in 2005 about offering better training for players who possess the ability to capture Olympic medals in 2008 Beijing Games.

"And this time, the financial aid from Beiqi Foton Group has greatly enhanced this efforts," Dedeu said.

Wang Jinyu, president of the biggest Chinese business vehicle maker said that his enterprise will donate RMB100 yuan to the funds on each sales of its MP-X business car and will award this 8-seat van to any Chinese tennis player who manages a medal in 2008 Olympics.

Samaranch, at the age of 87, attend the unveiling ceremony of MP-X in Barcelona this April and wrote down "trust the power of P.R.China" for Foton Group.