Jockey Club and Hangzhou Municipal Government sign Framework Cooperation Agreement to explore equine sports development opportunities
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The Hong Kong Jockey Club (“the Club”) announced the signing of a Memorandum of Understanding (“MOU”) with the Hangzhou Municipal People’s Government to further strengthen Hangzhou-Hong Kong cooperation and exchange with the aim of promoting and driving the development of the equine sports industry in the country. The MOU was signed at the opening ceremony of Hong Kong & Macao – Zhejiang Week & Zhejiang and Hong Kong Cooperation Theme Forum 2023 on 26 June.
The Chief Executive of the Hong Kong Special Administrative Region John Lee, the CPC Zhejiang Provincial Committee Secretary Yi Lianhong and other guests witnessed the signing of the MOU by the Executive Deputy Mayor, Hangzhou Municipal Government, Chen Jin and the Club’s Chief Executive Officer Winfried Engelbrecht-Bresges.
The National Equine Industry Development Plan 2020-2025 promulgated by the Ministry of Agriculture and Rural Affairs and the General Administration of Sport in September 2020 provides a framework for the development of the equine sports industry in the country. In line with this, Hangzhou is capitalising on its hosting of the Asian Games by exploring the equine leisure and sports markets. In particular it is seeking to become a national major sports industry demonstration base and a sports consumption demonstration city, thus contributing to economic development in the Yangtze River Delta.
The Club has long contributed to the development of equine sports and related industries in the Mainland, assisting the country in promoting and implementing the goals of the National Equine Industry Development Plan. In May 2023, the Club signed an MOU with the 19th Asian Games Hangzhou 2022 Organising Committee (“HAGOC”) under which the Club will provide technical support for the equestrian events of the upcoming Hangzhou Asian Games. This lays a strong foundation for equine sports development in the Yangtze River Delta.
The MOU which the Club signed with the…