The 2017 annual meeting of the Beijing Cultural and Creative Industries Investment and Financing organization was held on Dec 14 and 15 in Beijing. The Cultural and Financial Cooperation Summit was also held, welcoming about 800 participants from governments, investment institutions, and cultural and creative enterprises as well as media representatives.

The 2017 annual meeting of the Beijing Cultural and Creative Industries Investment and Financing organization is held on Dec 14 and 15 in Beijing. [photo/bjwzb.gov.cn]

The meeting was funded by the Dongcheng District Government, Tsinghua University, the Cultural Investment Group, and the Bank of Beijing.

The summit focused on the financial aspects of constructing Beijing into a national cultural center. At the opening ceremony on Dec 14, the work of establishing a national cultural and financial cooperation demonstration area and major projects for the construction of the national cultural center was announced. Guests, including representatives of regulatory agencies, investment institutions, financial institutions and listed companies, made keynote speeches to share opinions on financial cooperation from different perspectives.

On the afternoon of Jan 14, a cultural and financial conference for 30 delegates was held. Many guests were invited to give speeches on the establishment of cultural and financial policies and cultural center construction, factors affecting market development and cultural center construction, and establishment of financial science and technology centers.

On the morning of Dec 15, discussions continued on how to make the State-owned cultural capital stronger and larger, how to best develop an investment and M&A strategy, and on cultural industry investment trends.

On the afternoon of Dec 15, 21 outstanding cultural and creative projects from all over the country were announced and conducted road shows. Participating enterprises and investment institutions took the valuable opportunity to conduct multilateral exchanges to explore the possibility of cooperation.

The State-owned Cultural Assets Supervision and Administration Office (SOCASAO) has actively built investment and financing docking platforms in recent years to promote cooperation between cultural and creative enterprises, financial institutions, and investment institutions.

Since 2016 SOCASAO has held six roadshow promotions, including two large-scale comprehensive investment and financing summits, VRAR, video animation games, and session on National Equities Exchange and Quotations (NEEQ), online videos, new media investment and financing projects.  More than 40 investment and financing salons have served almost 6,000 people, more than 200 venture capital agencies in the field of creative industries, more than 30 banks and other financial institutions, more than 50 listed companies, about 200 NEEQ companies, and more than 1,000 other cultural and creative enterprises.