Recognizing the potential of China’s horse racing industry, British horse racing company Bailey confirms participation in CHF 2018

Recognizing the potential of China’s horse racing industry, British horse racing companyBaileyconfirms participationCHF 2018

4In the document14released on the"Guiding Opinions of the CPC Central Committee and the State Council on Supporting Hainan in Comprehensively Deepening Reform and Opening Up"issued on the“horse racing industry”has drawn considerable attention.

As China’s largest special economic zone, Hainan has long aspired to explore horse racing. As early as the1992year, a state-owned capital-controlled company, Hainan Horse Racing Entertainment Co., Ltd., was established. Later, several other horse racing-related companies were set up, but due to unclear policies, none made significant progress. Industry insiders view the mention of horse racing in the"Guiding Opinions of the CPC Central Committee and the State Council on Supporting Hainan in Comprehensively Deepening Reform and Opening Up"as a strategic move, one that awaits future exploration. Meanwhile, some local Hainan enterprises have sensedhuge business opportunities and are actively positioning themselves.Hainan Ruize plans to jointly invest with Xinjiang Hanxue Horse Culture Industry Co., Ltd. to develop an equestrian sports event project, a horse culture museum, and a horse culture tourism-themed town in Sanya. Luoniushan will collaborate with Guangzhou Yima Horse Racing Co., Ltd. to co-invest in the Luoniushan International Horse Culture Industrial Park project in Haikou. Hainan State Farms Group, which owns one-fifth of Hainan’s land, and its subsidiary Hainan Rubber, are seen as strong contenders for horse racing development. A Hainan Rubber representative stated that the implementation of horse racing policies in Hainan marks a major breakthrough for the industry in China, and as a local enterprise, they will actively participate if conditions permit.

Bailey Racing Ltd.(BaileyHorse Racing Co., Ltd.)stated that it is very optimistic about China’s horse racing industry. The company will participate inCHF 2018for the first time, bringing to the eventrelevant British horse racing resources.

CHF 2018Visitors can learn about the most advanced horse racing information from the UK on-site. CHF 2018will be held10on17-19at the New China International Exhibition Center in Beijing. Stay tuned!