Winfried Engelbrecht-Bresges<\/strong>, chief executive officer of the Hong Kong Jockey Club, said: \u201cThe cooperation between Hong Kong and the Mainland to develop the sports industry is a vivid demonstration of the advantages of One Country, Two Systems. These two agreements are another important step forward, especially for the equine industry.\u00a0<\/p>\n\n\n\n“This long-term partnership will take sports exchange between Guangdong-Hong Kong and Guangzhou-Hong Kong to new heights. Staying true to its purpose of acting continuously for the betterment of our society, and drawing on its experience and expertise, the Club will actively promote the coordinated development of sports and related industries in support of the development of the Greater Bay Area.<\/p>\n\n\n\n
\u201cConghua Racecourse in Guangzhou, which has been operating for nearly five years, is an important contribution to Guangdong-Hong Kong cooperation and to the development of the Greater Bay Area. It is the largest, highest quality, and most comprehensive equine sports complex in the Mainland. Conghua Racecourse is a most fruitful result of the sporting cooperation between Guangdong and Hong Kong. It is an excellent example of high-level development in the Greater Bay Area, which will keep injecting \u2018horse-power\u2019 into the Greater Bay Area\u2019s equine industry and even the entire country,\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"
The Hong Kong Jockey Club (HKJC) will work with Guangdong and Guangzhou to promote sports development and equine sports in the Greater Bay Area.<\/p>\n","protected":false},"author":176,"featured_media":29796,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Hong Kong Jockey Club (HKJC) is collaborating with Guangdong and Guangzhou sports authorities to advance equine sports and overall sports development within the Greater Bay Area, aligning with China's National Equine Industry Development Plan (2020-2025). This strategic partnership focuses on talent development, integrity management, and leveraging facilities like Conghua Racecourse to foster regional integration and economic growth.","focusai_entities":"Hong Kong Jockey Club, Sports Bureau of Guangdong Province, Administration of Sports of Guangzhou Municipality, Winfried Engelbrecht-Bresges","focusai_location":"Hong Kong, Guangdong, Guangzhou, Greater Bay Area, China","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.8), operator_casino (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Impact?","query":"What is the projected long-term impact of this equine sports development on the Hong Kong Jockey Club's Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) from its core racing operations, considering potential synergies or resource allocation shifts?"},{"label":"Regulatory Harmonization?","query":"How will the 'integrity management' aspect of this collaboration address potential disparities in regulatory compliance and governance frameworks between Hong Kong and Mainland China, particularly concerning anti-money laundering (AML) and responsible gambling standards in related activities?"}],"footnotes":""},"categories":[157,16338],"tags":[22317],"class_list":["post-777006999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-hong-kong-jockey-club"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777006999"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006999\/revisions"}],"predecessor-version":[{"id":777007002,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006999\/revisions\/777007002"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/29796"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777006999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777006999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777006999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}