China to boost financial support to cultural industries

17:36, April 08, 2010      

Email | Print | Subscribe | Comments | Forum 

China announced Thursday that it had issued a national policy guideline to upgrade financial support for the country's cultural industries.

The guideline was jointly issued earlier last month by the People's Bank of China, the central bank, the publicity department of the Communist Party of China Central Committee, the finance ministry, the culture ministry, the broadcast watchdog, the publishing watchdog, the banking regulator, the securities regulator and the insurance regulator.

Relevant departments should make joint efforts and tap various financing resources to improve financial services for cultural enterprises, the announcement said.

The guideline called upon financial institutions to develop credit products and establish proper credit grading and evaluating systems in line with the needs of cultural enterprises.

The guideline also urged the establishment of a multi-tier capital market to enhance direct financing for cultural enterprises.

China's State Council, the Cabinet, adopted a plan to promote the country's cultural industries in July last year, calling for more efforts to develop enterprises such as those involving cultural innovation, film production, publication, advertisement, entertainment, exhibition, digital content and animation.

Source: Xinhua

(Editor:黄硕)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based eastday.com reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion