Singapore's bid to create a global horse race

Singapore hopes to create a horse race that can that can match globally recognised events like the Melbourne Cup or Ascot.

The China Horse Club is organising the race and wants to attract an international audience as well as racing enthusiasts from mainland China.

It is offering $2m in prize money, but as Sharanjit Leyl reports from Singapore, that does not match the prize money on offer by big races elsewhere.

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