Core Insights - The Hong Kong Jockey Club's Conghua Racecourse has successfully facilitated over 40,000 horse crossings between Hong Kong and the mainland since the regular transportation of horses began in August 2018 [1][2] Group 1: Transportation and Operations - The Conghua Racecourse has been operational for 7 years, with the Hong Kong Jockey Club utilizing advanced technology for horse identification, including a "smart facial recognition" system for real-time verification [2] - On August 28, 2023, 16 racehorses were transported from Hong Kong to the Conghua Racecourse, showcasing the efficiency of the customs process [2] Group 2: Future Developments - The Conghua Racecourse plans to host regular international standard thoroughbred racing events by the second half of 2026, marking a significant milestone for the development of China's horse industry [2] - The local customs authority aims to expedite the construction of the second phase of the Conghua Racecourse and the Guangzhou International Racehorse Development Center, contributing to the establishment of a world-class horse industry economic zone in the Guangdong-Hong Kong-Macao Greater Bay Area [2]

Core Viewpoint - The UK horse racing industry is facing a severe crisis due to the Treasury's proposal to increase the online betting tax rate from 15% to 21%, which could significantly impact the industry's survival and development [1][3]. Group 1: Economic Impact - The horse racing industry is the second largest sport in the UK, contributing significantly to local economies and employment [3]. - Research indicates that the proposed tax increase could lead to a loss of £66 million in the first year and a total of £330 million over the next five years for the UK horse racing industry [5]. - The tax rate adjustment could threaten thousands of jobs, with specific regions like Yorkshire projected to lose 342 jobs [8]. Group 2: Industry Response - The horse racing community has united to protest against the tax policy change, with the British Horseracing Authority launching a petition to "Abolish the Horse Racing Tax" that has garnered support from industry figures and the public [7]. - The horse racing industry supports a complex ecosystem, affecting various sectors from trainers to feed suppliers, and the tax increase could disrupt this supply chain [8]. Group 3: Cultural and Economic Significance - Horse racing is not only a sporting event but also a cultural and economic symbol, with local courts, pubs, hotels, and restaurants benefiting directly from the industry [10]. - The potential decline of the horse racing industry due to tax adjustments could have a significant negative impact on the economies of many towns and villages [10]. Group 4: Ongoing Debate - The British Horseracing Authority is seeking more support to persuade the government to reconsider the potential losses from the tax policy implementation [10]. - There is ongoing debate among parliament members, with some supporting the tax increase for fiscal reasons, while industry insiders warn of the devastating impact on the horse racing sector and the socio-economic system built over the years [10].

Group 1: Event Support and Sponsorship - The Hong Kong Jockey Club (HKJC) has committed to a total funding of HKD 450 million to support the 15th National Games and the 12th Paralympic Games, becoming the highest sponsor and sole partner for the Hong Kong region [2] - HKJC will also provide RMB 50 million to support equestrian events and related activities in Guangdong, highlighting its commitment to the collaborative development of sports in the Greater Bay Area [2][3] - The club has a history of supporting major sporting events, including the 2008 Beijing Olympics and the 2010 Guangzhou Asian Games, showcasing its expertise in equestrian event organization [2] Group 2: Community and Talent Development - Since its establishment of the Hong Kong Sports Institute in 1982, HKJC has funded over HKD 754 million to support sports development, including cash rewards for athletes excelling in major competitions [4] - The club plans to deploy over 120 trained volunteers for the upcoming events, ensuring efficient support and showcasing its commitment to community service [4] - HKJC is actively involved in nurturing equestrian talent through various programs, contributing to the success of the Hong Kong equestrian team at the Hangzhou Asian Games [4] Group 3: Regional Collaboration and Cultural Exchange - The recent partnership with Huang Village Training Center aims to enhance equestrian talent exchange and improve competitive standards between Hong Kong and Guangdong [5] - HKJC's initiatives, including the "Yuegang Cup" horse racing event, serve as a platform for cultural exchange and deepen ties between the two regions [6][7] - The club's strategic alignment with national development plans emphasizes its role in promoting the horse industry and contributing to regional economic growth [7] Group 4: Future Outlook - HKJC is poised to continue its support for national sports events and contribute to the development of the horse industry, reinforcing its commitment to integrating Hong Kong into the national development framework [8]