Financial support for cultural industries is said to be announced soon

Authorities 7th to China Securities News reporter, led by the propaganda department, the Ministry of Finance, the People's Bank of China, the Ministry of Culture, SARFT, Press and publication Department of the nine departments jointly formulated financial support cultural industry revitalization of the opinion has been issued, will be announced.　　It puts forward that we should use multi-level capital market, enlarge the direct financing scale of cultural industry, and support the merger and reorganization, support the Insurance fund investment cultural Property right and so on many innovation measures.　　The person introduced, on the one hand, will promote eligible cultural enterprises listed financing, not only encourage the mature, more stable cultural enterprises listed on the main board, but also support small and medium-sized cultural enterprises in the gem listing; The personage also introduced, encourages the cultural enterprise to use the bond market financing, supports the qualified enterprise through the issuance enterprise debt, the collection debt, the company debt and so on various ways financing.　　For the cultural industry projects with more mature operation and more stable future cash flow, we can explore the pilot of asset securitization of cultural industry projects based on the future cash flow and the right of income of the high quality assets. At the same time, we also encourage insurance companies to invest in cultural enterprises ' rights and interests, guide eligible insurance companies to participate in cultural industry investment funds, encourage venture capital funds, private equity funds and so on to enter in the initial stage but the prospect of a broad emerging cultural industry.　　The person also said that to explore the establishment of propaganda and cultural departments and securities regulatory departments of the project information cooperation mechanism. Earlier, according to media reports, the Shanghai Stock Exchange sponsored Cultural enterprise restructuring listing conference revealed that the SSE will take concrete measures to support the listing of cultural enterprises. At present, the SSE will be targeted at 10 more qualified enterprises to implement the full service, at the end of this year and early next year to submit the regulatory layer. (see B01 version of related reports)