The Associated Press reports that the league will be co-managed by the Chinese Baseball Association and QSL Sports Limited, a company owned by China-born US financier and sports business entrepreneur Kenny Huang.
"I believe the partnership... will bring forward transformational changes to the sport of baseball in China," Huang said in a press release.
"In the coming six years, we aim to create an Asian baseball league between China, Taiwan, Japan and Korea, most of whom have long been strong baseball league players on the world stage."
The league will launch this August in the cities of Beijing, Tianjin, Shanghai, Wuxi, Zhengzhou, Guangzhou and Chengdu.
