Pearl Spring chess tournament

The Pearl Spring Chess Tournament (中国(南京)国际象棋超级大赛) was a double round robin chess tournament event featuring six super-GM players that takes place in Nanjing, China. The first edition in December 2008 was won by Veselin Topalov. According to ChessVibes website, Silvio Danailov - the manager and coach of Topalov - said the Pearl Spring tournament has been "guaranteed for five years and will enter in Grand Slam [in 2009]." The second and third tournaments in 2009 and 2010 were both won by Magnus Carlsen, with his first win being rated as one of the best performances in chess history.

Together with Corus Chess Tournament in the Netherlands, Linares Chess Tournament in Spain, M-Tel Masters in Bulgaria, and Grand Slam Masters Final in Spain, Nanjing Pearl Spring Chess Tournament became one of the five Grand Slam Tournaments in the world. It was the first in Asia and the only one in China.

The tournament was named after the venue, the Mingfa Pearl Spring Hotel located in Pukou District of Nanjing.

The tournament was organized by the Municipal People's Government of Nanjing and Chess & Cards Administration Center of General Administration of Sport of China, and the People's Government of Pukou District, Nanjing, and Nanjing Administration of Sport

The organization web site did not disclose the player invitation criteria or protocol. In each of the first three years, one participant was of Chinese nationality.

The tournament was sponsored by Jiangsu Kanion Pharmaceutical Co., Ltd., Yangzi Evening News, and Mundell International University of Entrepreneurship. The total prize fund was €250,000 with a first prize of €80,000.

The tournament has received support from FIDE, the European Chess Union (ECU) and the Asian Chess Federation.

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Wikipedia