[The Chinese Football Association strictly controls the "yin and yang contract": once verified, the club will be deprived of the competition results and the players will be banned for a long time] On November 10th, the Chinese Football Association released the "Implementation Rules for the Financial Health Review of Chinese Professional Football League Clubs (Trial)" on November 10th. This new set of regulations will be officially put into trial implementation on January 1, 2027. In terms of expenditure and salary control, the new regulations continue the established financial red lines of domestic professional leagues and clarify the annual total expenditure limits for clubs at all levels. Among them, the total annual expenditure limit of Chinese Super League clubs is 600 million yuan, that of Chinese League One clubs is 200 million yuan, and that of Chinese League Two clubs is 50 million yuan. Player salary standards also maintain a clear gradient. The pre-tax annual salary limit for domestic players in the Chinese Super League is 5 million yuan, and the team's average annual salary is 3 million yuan. The individual and total annual salary of foreign players are set corresponding upper limits, and the salary calculation caliber of naturalized players is also clarified in the details. For regular violations such as overspending, excessive salary, and illegal bonus issuance, the new regulations set up gradient penalties such as penalty points, restrictions on transfer registration, and deadline rectification. The new regulations focus on severely cracking down on financial fraud, and clearly classify the signing of yin and yang contracts, forging audit materials, false reporting of financial data, and obstructing verification work as serious violations. Once verified, the club will be deprived of its results for the current season, and those found guilty of serious offenses will be demoted. The players and staff involved will also face long-term suspensions and other penalties, which will significantly increase the cost of financial violations. At the same time, the detailed rules have added rigid indicators for club sustainable operations. Starting from fiscal year 2027, the net assets of all professional clubs audited by a third party must not be negative in principle. Clubs that currently have negative net assets must reduce the scale of their negative assets year by year and continue to optimize their financial structures. In addition, the document stipulates that the club’s annual investment in youth training shall not be less than 15% of the total of the four expenses, and the youth training account must be submitted for review on a regular basis, forcing the club to balance the investment in the first team and youth training construction to consolidate the foundation for the long-term development of the league.