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Promising market: Horse Racing in China

China's domestic horse racing and equestrian industry has a certain foundation. According to market survey data, there are currently more than 7,000 horse racing and equestrian related companies in China. Nearly 1,900 companies in Liaoning Province rank first, and Guangdong and Sichuan rank second and third. In 2019, the number of new registrations in the industry reached 1,142, and there were 515 new companies in the first three quarters of 2020, a year-on-year decrease of 33.4%. In addition, companies with a registered capital of more than 10 million in the industry account for up to 37%

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