A white paper on culture finance was published in Beijing, compiled by 13 department and municipal government units of the national capital, local officials said recently.
Beijing has lent a helping hand to the city's micro and small-sized firms from the cultural sector since the COVID-19 outbreak began early this year.
A raft of 28 measures for supporting Beijing cultural industry has had a positive impact on the development of Beijing cultural enterprises.
Financial institutions in Beijing have increased credit supply and reduced the financing costs of culture, tourism enterprises affected by the novel coronavirus epidemic, as part of the city's measures to help the businesses tide over hard times.
A raft of 28 measures to support cultural enterprises in Beijing, amid the current novel coronavirus outbreak, were unveiled by the publicity department of Beijing Municipal Committee of the Communist Party of China (CPC) at a news conference on Feb 19, officials said.
The Capital Cultural Industry Association (CCIA) and 70 cultural industry parks in Beijing jointly launched an initiative to reduce rents for tenants -- in a recent response to the impact of the novel coronavirus pneumonia epidemic on the cultural and creative industry -- according to CCIA officials.