Cultural investment system takes shape

Updated: 2012-06-19 14:47

(China Daily)

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The investment and financial system of China's cultural and creative industries has taken shape, Ministry of Culture official Liu Yuzhu says.

By the end of 2011, the ministry and China's major commercial banks had given 18.7 billion yuan in loans to the cultural and creative sectors. More than 50 companies have been listed on the Shanghai and Shenzhen stock exchanges.

The cultural ministry has formulated a series of preferential policies over the past half decade to accelerate the healthy growth of the country's cultural and creative sectors.