CHINA: Rise of the Individual Chinese Horse Owners

Sunday, 1 April 2012: A horse named China One took first place in the Navan Lock & Key Maiden over 2148m in Ireland in an historic result for China.

Few people knew at the time that the horse was owned by Chinese and was the first try by Chinese horse-owners in overseas racing horse investment.

On March 17, at the Hong Kong International Horse Auction, a Chinese bidder surprised the world by making a record HK$9 million bid for the No.14 horse.

The bidder said that the horse will be handed over to a professional trainer and we believe it will be able race in Hong Kong shortly after.

It is known to all that China forbids horse-racing gambling at present.

But for the new generation of Chinese entrepreneurs and their heirs with an international perspective, it does not impede them from investing in overseas horse racing.

It is reported that some organizations are going to promote the racehorse syndicate concept in China, while in Australia it is nothing new for the Chinese to buy and operate studs there.

It is also reported that Alex Hua Tian, a Chinese eventing rider, has already found new Chinese owners for his Olympic horses.

Onbe of them is a young entrepreneur from Wenzhou, Zhejiang and the other an international student studying in the UK.

Story By HORFA