The Omega Mission Hills World Cup is to restart in 2011 as a biennial event, with record prize money of US$7.5million.

The two-man event will be staged at the Mission Hills Resort on Hainan Island in southern China on November 24-27 next year.

?The event was last won by Italian brothers Francesco and Edoardo Molinari in 2009 at the Mission Hills golf club in Shenzhen. They shared winnings of US$1.75 million.

Next year's winners will bag US$2.4million.

The move to a biennial event is in response to the decision by the International Olympic Committee to reintroduce golf to the Olympics in 2016.

Moving to the event to alternate years starting in 2011 ensures Golf's World Cup will not clash with the Olympics.

The World Cup is the only team event in men's professional golf in which players represent their countries.

Stephen Urquhart, CEO of sponsors Omega, said the primary objective of the move was to "re-establish the World Cup in its rightful position."