A new Chinese Grand Prix deal looks set to be signed by the end of September to see the race retain its place on the Formula 1 calendar.

The 2018 Chinese race was only confirmed as provisional when F1 published next year’s calendar last June as contract negotiations continued between the promoters and new owners Liberty Media.

The US owners are keen to retain and develop F1’s reach in Asia and is confident of securing a new long-term deal to ensure the Shanghai race remains on the calendar for the foreseeable future.

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Speaking to AFP in Shanghai, F1 managing director of commercial operations Sean Bratches is assured the Chinese race will stay as a firm fixture in the sport’s calendar beyond 2018.

“We’ve been working hard with Juss Event, the promoter, and we’ve got an agreement in principle,” Bratches told AFP. “My suspicion is that it will be executed by the end of next month, fully executed.

“Next year the schedule will be released and there will be nothing provisional about Shanghai because we will have a long-term deal.”

The current deal for the Chinese Grand Prix expires at the end of 2017, hence why the 2018 race was marked as provisional, but after Bratches held talks in China the race looks safe with a new deal expected to be announced within weeks.

The Shanghai International Circuit has hosted an F1 race every year since joining the calendar in 2004. Lewis Hamilton claimed victory earlier this year, Mercedes' fourth consecutive win in China and fifth overall, to overtake Ferrari as the most successful manufacturer in Chinese Grand Prix history.