Vintage miniature white horse or colt. This one has a Roman nose and looks like a Lipizzan (a breed of horse).
About 1 3/4" tall to top of ears for size reference.
Marked: Hong Kong
Gray Prancing Horse with Yellow Face
Set of Four Horseshoes by Royal St. Pierre Worcester
Pair of Miniature Black Foals
HO Standing and Walking Pony Lot