Latest News:  

English>>Business

State-owned company invests in film industry

By Gao Yuan (Chinadaily.com.cn)

08:34, December 25, 2012

Beijing State-owned Assets Management Co Ltd, a company specializing in cultural and creative industries, stepped into the movie industry by purchasing 60 percent of a private film maker.

The deal, with Beijing Shengshi Huarui Films Investment Co Ltd, was worth 100 million yuan ($16 million), Xinhuanet.com reported on Dec 23.

BSAM President Li Aiqing said the investment will help Shengshi Huarui secure more capital and expand faster, while strengthening BSAM's portfolio in the cultural industry.

The new company will produce, publish and run movie theaters starting next year, according to Gao Jun, general manager of Shengshi Huarui.

We recommend:

Riding on BJ-GZ high-speed railway

The spending of China's rich

More Chinese cities see home price rise

Santa is coming and China takes a lot more notice

Harbin-Dalian high-speed railway starts operation

Nanjing Yangtze Fourth Bridge to open

Email|Print|Comments(Editor:黄蓓蓓、梁军)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Monti considers leadership in case "agenda" upheld

  2. Soldiers attend training in harsh environment

  3. Destroyer flotilla conducts training

  4. Life is a special exam

  5. Cold wave sweeps most parts of China

  6. Internet gaming: 'A winning gamble'

  7. Beijing: A vigorous and beautiful city

  8. Observing outer space through Telescope

Most Popular

Opinions

  1. Why the young Chinese get physically weaker
  2. Why Discover China is popular in the West
  3. The laughter sounds too harsh
  4. Do not confuse Confucious with Santa Claus
  5. Losers' can flatter themselves in any culture
  6. Time to abandon Olympic obsession

What’s happening in China

Catchwords in memory in 2012

  1. National College English Test kicks off
  2. Pepole enjoy skiing in NW China
  3. Travelling on BJ-GZ high-speed railway
  4. Cold wave sweeps most parts of China
  5. China arrests 96 in doomsday cult's birth province