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Chinese buyers to be out in force

The Asian influence at next year's New Zealand Bloodstock National Yearling Sale series is set to be even more significant.

The Kylin 500 Club will be hosting 200 of its high-net worth clients at the Karaka auction, with their visit to also take in the Karaka Million race meeting at Ellerslie and business functions in Auckland.

Kylin's global services include thoroughbred trading and management, organising luxury events and tours and promoting investment and trade opportunities between its members and local entrepreneurs.

"Our members recognise the quality of New Zealand thoroughbreds on the race track and want to capitalise on the investment opportunities available to them," Kylin's New Zealand general manager Alan Fu said.

"The yearling sales at Karaka will provide our members with a first-hand New Zealand sales experience and will lead to stronger relationships between members and breeders, along with increased opportunity for racehorse ownership."

In association with New Zealand Bloodstock and the Auckland Racing Club, Kylin will help market the New Zealand thoroughbred industry to a wider Chinese audience.

"We've seen a massive increase in purchases of New Zealand thoroughbreds by the Chinese market," NZB managing director Andrew Seabrook said.

"At this year's National Yearling Sale Series we saw a large number of quality yearlings knocked down to Chinese buyers.

"Naturally, we want to continue to strengthen our relationships with groups such as Kylin and promoting the Karaka Million Tour to new buyers and visitors to Karaka represents a fantastic opportunity to do so."

The Kylin entourage will arrive on January 29 and take in the Karaka Million with guests to also be treated to entertainment including cultural performances to celebrate Chinese New Year.

"The continued investment and interest from the Chinese community in racing is a positive outcome for the entire thoroughbred industry and we are thrilled to be partnering with Kylin and New Zealand Bloodstock for this significant race day," Auckland Racing Club chief executive Cameron George said.

Dubbed the Karaka Million Tour, it will be promoted through a series of road shows in Beijing, Shanghai, Shenzhen and Chengdu. – NZ Racing Desk.





 

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