The first Thoroughbred auction ever in the People's Republic of China has been scheduled for Aug. 5 by Australia's William Inglis and Son Ltd. in conjunction with Beijing Hua Jun Horse Breeding Co Ltd. "The concept of horse racing in China has been talked about for some years now, and we are very excited to be involved in this first major step towards making it a reality," said William Inglis associate director Vin Cox, who will travel to China for the sale. "The opportunities created by racing in China are unlimited and can only be of benefit to the Australian bloodstock industry."William Inglis and Son Ltd., which has previously conducted sales in Malaysia and Hong Kong, said in a press release the company believes the sale “will pave the way towards establishing a viable racing and breeding industry for the world's most populous country. Whatever the immediate financial results from this fledgling sale, it is a positive move in a new direction for William Inglis and Son Ltd. and can only enhance our reputation with the ever expanding Asian market.” A total of 340 horses have been cataloged for the sale. William Inglis associate director Vin Cox will travel to China for the sale.