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Experience of Cultural and Financial Cooperation and Policy Options(No.184, 2016)


By Jiang Hao, Yang Xiaodong & Huang Bin, Research Institute of Public Administration and Human Resources, DRC

Research Report No.184, 2016 (Total 5067) 2016-12-20

Abstract: Financial support is an important driving force for the sustained and rapid development of cultural industry. In recent years, with the deepening of China’s cultural and financial cooperation, a multilevel, multi-channel and diversified cultural industry investment and financing system has been initially formed. However, the cultural industry is still facing some problems including its insufficiency to meet the traditional financing requirements, the difficulties relating to the capitalization of intangible assets, backward business model, and the imperfections of intermediary service system. Many beneficial explorations have been carried out to solve these problems. To further deepen cultural and financial cooperation and strengthen financial support for cultural industry, we need to have a better understanding of the characteristics of the intangible assets of cultural enterprises and accelerate the innovation of traditional financial institutions and their products. Besides, we need to encourage the direct financing of various types of equities and bonds and regulate and enhance the business forms of Internet culture and finance. The development direction of the capitalization of intangible assets needs to be clarified and its mechanism and technical methods need to be improved through innovation. The service level of specialized cultural and financial intermediaries needs to be enhanced with increased guidance and support bolstered by financial funds. Finally, the environment of copyright protection needs to be optimized to promote the establishment of modern systems for cultural enterprises.

Key words: cultural and financial cooperation, cultural industry, finance