Introduction of the Cultural Development Fund, the Cultural Industry Investment Fund

Cultural industry investment: The establishment of cultural industry investment is an exploration and attempt to solve the financing problem of cultural industry by means of the "industrial investment" operation mode of the mature capital of Qinjian mature capital, which is raised by the sponsor and entrusted to a professional institution to manage the assets, and mainly adopts equity investment to solve the financing problem of the cultural industry.

The establishment of cultural industry investment initiated by the financial department can give full play to the guiding role of financial funds, mobilize social capital investment such as financial institutions and large state-owned enterprises, and build a cultural industry investment and financing platform. In accordance with the requirements, the Ministry of Finance is working with relevant institutions to initiate the establishment of China's cultural industry investment, guided by the financial injection, absorbing state-owned backbone cultural enterprises, large state-owned enterprises and financial institutions to subscribe, managed by specialized institutions, the implementation of market-oriented operation, through equity investment and other means, support, promote the reorganization of resources and structural adjustment, and promote the realization of the strategic objectives of the national cultural development.

In accordance with the overall deployment of deepening the reform of the cultural system, in recent years, financial departments at all levels have continued to increase investment in public welfare cultural undertakings, strengthen the construction of a public cultural service system focusing on rural areas, and better meet the basic public cultural needs of the people; On the other hand, we will actively support the transformation of for-profit cultural institutions into enterprises, help make up for the cost of reform by formulating and improving relevant fiscal and tax preferential policies, and "help them to get on the horse and give them a ride", so as to promote them to face the market and cultivate them into a truly qualified new type of cultural market entity. In the future, the financial sector will be in accordance with the requirements, together with the relevant departments to further improve the relevant fiscal and tax preferential policies, in a planned and step-by-step manner to promote the transformation of operating cultural units into enterprises, and strive to build a number of powerful, dynamic state-owned or state-controlled cultural enterprises, so that they will become the leading force in the cultural city of Yuantong and drive the overall development of China's cultural industry.

At the symposium on the development of cultural industries held at the Shenzhen Cultural Fair a few days ago, the relevant person in charge of the Ministry of Finance said that the relevant approval procedures for the establishment of China's cultural industry investment have been completed, and it is planned to be officially established in the near future.

Zhang Shaochun, Vice Minister of the Ministry of Finance, said that in order to implement the requirements of "the establishment of China's cultural industry investment" put forward in the "Cultural Industry Revitalization Plan", the Ministry of Finance, together with the Propaganda Department of the CPC Central Committee, determined to take the Ministry of Finance, Bank of China International Holdings, China International Television Corporation and Shenzhen International Cultural Industry Expo and Trade Fair as the co-sponsors, and adopt the method of limited partnership equity to set up China's cultural industry investment.

Zhang Shaochun said that public finance to support the development of cultural industries, mainly should make up for market failures and market defects, for those areas where there is no market failure, finance should not participate, otherwise it will interfere with or distort the normal market economic order; At the same time, we should give full play to the guiding and exemplary role of financial funds, widely attract social capital investment, promote the diversification of investment subjects and investment channels, and build a sound investment and financing system for the cultural industry; In addition, it is also necessary to pay attention to the efficiency assessment, according to the particularity of the cultural industry, set up scientific evaluation procedures and evaluation indicators, and put the performance appraisal of financial funds and the use and management of state-owned cultural assets into a scientific and standardized track.

Zhang Shaochun also revealed that during the "Twelfth Five-Year Plan" period, the financial sector will take more powerful measures to vigorously support the development of the cultural industry, and will vigorously improve the operational efficiency of state-owned assets of cultural enterprises, including accelerating the establishment of state-owned cultural assets investment companies, holding companies, asset management companies and large state-owned cultural enterprise groups, the implementation of state-owned assets "authorized operation", and the cultivation of operating entities.

China Foundation for the Development of Social Culture (CFDSC) is a national public fundraising association under the supervision of the Ministry of Culture of the People's Republic of China, approved by the People's Bank of China in 1992, registered by the Ministry of Civil Affairs in 1993 (Public Offering Foundation No. 0017), the founder is the drama master Cao Yu, and the honorary president is the educator Xu Jialu.

It is an indirect way of investment. The management company concentrates investors' funds through the issuance of ** units, which are managed by ** custodian (that is, qualified banks), and the ** manager manages and uses the funds to invest in financial instruments such as **, bonds, etc., and then shares the benefits, of course, also has to share the investment risks. According to different criteria, **investment** can be divided into different types:

According to whether the unit can be increased or redeemed, it can be divided into open and closed. Open-ended non-listed trading, generally through bank subscription and redemption, the scale is not fixed, the unit can be bought back from investors at any time, and can also be bought back at the request of investors; Closed-end has a fixed duration, during which the scale is fixed, and it is generally listed and traded on the trading venue, and investors buy and sell units through the secondary market.

According to the different organizational forms, it can be divided into company type ** and contract type **. Investment is established by issuing shares to establish an investment company, which is usually called a corporate type; It is established by the manager, the custodian and the investor through a contract, which is usually called a contractual type. At present, China's **investment** is contractual**.

According to the different investment risks and returns, it can be divided into growth**, income** and balance**.

The order of risk from largest to smallest is: **, **, **, bonds.

As for the investment amount, there is no standard answer, and it generally depends on the individual's risk tolerance and financial situation.