The market for quality racehorses in HONG KONG has never been stronger. In 2024, OnTrack is positioning itself to take advantage of this market with a new programme of products and services through our existing connections in Australia, New Zealand and Hong Kong.
Racing action at HAPPY VALLEY
GROWTH MARKET
The demand in Hong Kong for quality racehorses will only increase over the next 10 years, shortly with the addition of racing to the Chinese mainland via the new Conghua racetrack, managed by the Hong Kong Jockey Club.
Australian and New Zealand bred thoroughbreds are the proven product for the Hong Kong Racing market. They are heavily preferred over horses from Europe or America.
Every year, the Hong Kong market demands a large number of unraced trial winners and also raced horses with the view of racing at the elite level.
HUGE DEMAND & OPPORTUNITY
With prizemoney booming in Australia, it is becoming increasingly difficult for Hong Kong owners and trainers to secure the right horses from Australia and New Zealand. This is causing upward pressure on the prices being paid for suitable horses.
This is because most horses in Australia and New Zealand are owned by heavily diluted ownership groups which have been structured for social enjoyment only. This makes securing agreement to sell a trial winner or a race winner to Hong Kong, increasingly difficult.
The new CONGHUA racecourse, training & spelling facility in China. Operated by the Hong Kong Jockey Club
ONTRACK HONG KONG TRADE PARTNERSHIPS
OnTrack is now aiming to buy suitable yearling colts specifically to sell to Hong Kong as trial winners or race winners with a pure profit motive. These colts will sit under private partnerships which will enable OnTrack clients and contacts to take advantage of this market.
This structure will enable us to buy the right yearlings at the right price, and educate them in a fashion that maximises success and minimises risk.
SELL QUALITY - REPEAT BUSINESS
One of our key aims is to sell high quality horses to Hong Kong that go onto be successful for their new owners and trainers. This will ensure repeat business for this model.
THE RIGHT PEOPLE
We will be working with leading vets, breakers, pre trainers and trainers to achieve these goals. We will also invest in building new networks within the export market place.