The situation in Hong Kong is unique. All racehorses are imported from other countries. The reason behind the success of the horse racing industry is that there are numerous Jockey Club members who are real supporters and willing to spend millions of dollars purchasing good quality horses from overseas. It is estimated that the owners spend on average HK$300 million to HK$500 million per annual importing racehorses. More important is that Hong Kong horse racing is run by the not-forprofit Hong Kong Jockey Club; it is scrupulously honest and boosts confidence of race-goers. Hong Kong ranked third on the turnover revenue list, but considering the number of races held (675 races in 2001/02 season) and the population (about 7 million), the betting turnover is astonishing.