The Hong Kong Jockey Club is planning an investment of HK$4 billion to develop horse racing in China under an agreement with the Guangzhou Municipal Government. The investment will pay for a new grandstand at Guangzhou’s Conghua racetrack, to accommodate 8,500 spectators.
The track plans to stage as many as four race meets a year as early as March 2025.
“It is likely that we will start first with four (race meetings a season) and then we can build it up to eight and potentially beyond, but it will be a gradual development, and it has to fit into how we expand the horse population and how other developments in China go,” said HKJC Chief Executive Winfried Engelbrecht-Bresges, according to Asia Gaming Brief.
HKJC and the Conghua track is seen as a key development in establishing a national horse racing industry in China.
