About HKJC
Jockey Club sponsors Athlete Incentive Awards Scheme as Hong Kong, China prepares to cheer on its athletes at Hangzhou Asian Games
25/07/2023 19:11
The Hong Kong Jockey Club today (25 July) announced its continued support for the Hong Kong Sports Institute (“HKSI”) by sponsoring the Jockey Club Athlete Incentive Awards Scheme (“JCAIAS”). This sponsorship, which extends the Club’s support for the JCAIAS for three years, comes as local elite athletes gear up to compete in this year’s Asian Games in Hangzhou, as well as FISU World University Games in Chengdu.
The JCAIAS aims to support the all-round development of local athletes by providing cash incentives to recognise those who earn distinction for Hong Kong by winning gold, silver or bronze medals in top-level competitions. The scheme covers seven major sporting events: the Olympic Games, Paralympic Games, Asian Games, Asian Para Games, National Games, National Para Games and FISU World University Games. Cash rewards will also be awarded to athletes finishing in fourth to eighth places in the Olympics and Paralympics in recognition of their achievements.
“The Club’s sponsorship of the Athlete Incentive Awards Scheme reflects its wide-ranging support for the Sports Institute and elite athletes. Through our support we also want to recognise the huge effort and dedication of our best athletes,” said the Club’s Chief Executive Officer Mr Winfried Engelbrecht-Bresges. “To promote a healthier and more vibrant society with positive attitudes and values, the Club has also keenly supported the building of sporting infrastructure as well as the professional development of Hong Kong athletes, so they can compete on the global stage. We wish all our athletes great success in the Hangzhou Asian Games and Chengdu FISU World University Games and hope they can benefit from the awards scheme.”
The Club is a long-standing supporter of sports development in Hong Kong. Over the years, the Club has promoted sports at both the community and elite levels through numerous initiatives, enabling people of all ages and abilities to enjoy sports.
Funded jointly by the Club and the Government, the HKSI (then called the Jubilee Sports Centre) opened in 1982. In 1992, the Club’s Charities Trust provided an endowment of HK$200 million to establish a trust fund, now called the Hong Kong Jockey Club Elite Athletes Fund, to support top athletes’ training, education and career development. In 2021, to boost research and development in elite sports for a period of three years, the Club pledged HK$150 million in funding to match the Hong Kong SAR Government’s HK$150 million grant.
Additionally, as one of the largest equine organisations in the world, the Club has signed a Memorandum of Understanding with the Games organising committee to provide technical support for the equestrian events of the Hangzhou Asian Games. This is in line with the Club’s overall promotion of sports development.
Jockey Club Athlete Incentive Awards Scheme: Details of Cash Incentives
Hangzhou Asian Games (23 September to 8 October 2023)
|
|
Individual |
Team |
|---|---|---|
|
Gold |
HK$1,000,000 |
HK$2,000,000 |
|
Silver |
HK$500,000 |
HK$1,000,000 |
|
Bronze |
HK$250,000 |
HK$500,000 |
Chengdu FISU World University Games (28 July to 8 August 2023)
|
|
Individual |
Team |
|---|---|---|
|
Gold |
HK$500,000 |
HK$1,000,000 |
|
Silver |
HK$250,000 |
HK$500,000 |
|
Bronze |
HK$100,000 |
HK$200,000 |
The Hong Kong Jockey Club
Founded in 1884, The Hong Kong Jockey Club is a world-class racing club that acts continuously for the betterment of our society. The Club has a unique integrated business model, comprising racing and racecourse entertainment, a membership club, responsible sports wagering and lottery, and charities and community contribution. Through this model, the Club generates economic and social value for the community and supports the Government in combatting illegal gambling. In 2021/22, the Club returned a total of HK$33.6 billion to the community. This included HK$27.0 billion to the Government in duty, profits tax and Lotteries Fund contributions and HK$6.6 billion in approved charity donations. The Club is Hong Kong’s largest single taxpayer and one of the city’s major employers. Its Charities Trust is also one of the world's top ten charity donors. The Club is always “riding high together for a better future” with the people of Hong Kong.
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HKSAR Government Acting Secretary for Culture, Sports and Tourism Raistlin Lau (front row, 1st left), The Hong Kong Jockey Club’s Executive Director, Corporate Affairs Raymond Tam (front row, 1st right), President of the Sports Federation & Olympic Committee of Hong Kong, China Timothy Fok (front row, centre), Honorary Secretary General of the Sports Federation & Olympic Committee of Hong Kong, China Edgar Yang (front row, 2nd right) and Chef de Mission of the Hong Kong, China delegation to the Hangzhou 19th Asian Games, Kenneth Fok (front row, 2nd left) announce details of the Jockey Club Athlete Incentive Awards Scheme at the flag presentation ceremony for the Hong Kong, China delegations to the Ulaanbaatar East Asian Youth Games and Hangzhou Asian Games.
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The Club’s Executive Director, Corporate Affairs, Raymond Tam (5th left) offers encouragement to the Hong Kong, China team athletes ahead of the Hangzhou Asian Games.
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Photo 3, 4: The Club’s Executive Director, Corporate Affairs, Raymond Tam offers encouragement to the Hong Kong, China team athletes ahead of the Hangzhou Asian Games.
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