MADRID, June 1 (Xinhua) -- The Spanish Football Federation ( RFEF) confirmed Friday that five of the next seven finals of the Spanish Supercup will be played in China.

The RFEF has confirmed an agreement with the company Vansen International Sport to take the competition, which is played in August and pits the winner of the previous season's La Liga champions against the champions of the Copa del Rey in the tradition opening game to the Spanish football season.

The agreement is calculated to be worth slightly over 39 million Euros and the first final to be played in China is expected to be in 2013. Next season's Supercup will be played between league champions Real Madrid and Cup winners, FC Barcelona.

This is the latest initiative taken by the Spanish football authorities to open up markets in Asia and follows the decision taken this season to play one game in the La Liga at midday on Sunday to coincide with prime-time television time in Asia.