04/01/2016 2:26PM

Hong Kong, Korean races get upgrades


The International Grading and Race Planning Advisory Committee approved the promotion of Hong Kong to Part I of The International Cataloguing Standards Book, while South Korea has been promoted to Part II.

Both promotions were ratified by the Society of International Thoroughbred Auctioneers. The changes take effect in Hong Kong on Sept. 1 and in Korea on July 1.

Under Part I classification, stakes races are given graded/group or listed status by the IRPAC, and the first three finishers in those races are given black type in sale catalog pages with the proper grade/group designations.

Among the requirements for Part I eligibility, all graded or group races must be open to international competition, and races must be subject to upgrade or downgrade by their governing bodies depending on the size and quality of fields and purse money.

Seventeen group stakes races in Hong Kong were promoted to International Group status, with three additional listed restricted races. The most lucrative promoted races are the Group 2 Centenary Sprint Cup and Chairman’s Trophy, each worth $851,047.

Those join the 13 marquee races already granted Part I status on an individual basis, including the major stakes on the Hong Kong Cup card.

Other countries with Part I designation include the U.S., Canada, Argentina, Australia, Brazil, Chile, France, Germany, Britain, Ireland, Italy, Japan, New Zealand, Peru, South Africa, and the United Arab Emirates. Individual races from a handful of Part II jurisdictions also boast Part I status.

Six Korean races will be included in the country’s promotion, including the $608,618 Grand Prix and President’s Cup.

Stakes winners and placers in Part II countries receive black type but do not carry grade/group designators in catalogs published by SITA sales organizations. Races still restricted to Korean-breds will not receive international black type despite their graded status within their own jurisdiction.

Other jurisdictions in Part II include India, Macau, Malaysia, Panama, Puerto Rico, Scandinavia, Singapore, Turkey, Uruguay, Venezuela, and Zimbabwe.