Chinese Horse Owners Alliance

The eighth China Horse Owners Alliance (CHOA) conference was held on Aug. 31 at Yulong International Hotel. Yulong owner Zhang Yuesheng was re-elected as Chairman of CHOA. "This year's prize money is 20 million RMB/$2.7 million and next year's is 30 million RMB/$4.1 million," Yueshang said. "That means we will have completed the three-year plan for the Chinese-bred Thoroughbred series regular races. However, we will strive towards a prize money of 40 million RMB/$5.5 million next year and plan to introduce graded races. This is also the reason why CHOA...