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Wealth Blog
Anna Healy Fenton

China’s bloodstock industry set for the off in Year of the Horse

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Tianjin Equine Culture City project
Anna is a business writer.

After a grim few years of economic gloom, Ireland’s thoroughbred horse breeders are looking forward to bright Year of the Horse. My friends back home tell me forget France and red wine - lots of rich Chinese are coming to visit studs and other bloodstock breeding grounds in Ireland.
 

Coolmore partnership

Indeed, Ireland’s famous Coolmore Stud has joined forces with the China Horse Club and last year spent almost US$4 million (HK$31 million) on two blue-blooded colts, sired by Fastnet Rock, at the Inglis Australian Easter Yearling Sale. The horses are being trained by Coolmore in Australia. It was the start of their joint venture, destined to set the tone for China’s new racehorse and breeding industry. This partnership between the globally renowned Coolmore and the Chinese government backed Tianjin State Farms Agribusiness Group and Desert Star Holdings, affiliated to the China Horse Club, sees the establishment of a huge breeding operation. This is part of China’s new world class Tianjin Equine Culture City project.
 

China’s first bloodstock venture

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