The overall scale of the establishment of a cultural industry investment fund in Guangdong is RMB 5 billion (VC331)

According to the news on December 5, for a long time, due to factors such as light assets and lack of collateral, the cultural industry has been difficult to obtain bank credit support, and the difficulty of financing has been prominent. Recently, the Guangdong Cultural Industry Investment Fund was listed, which is expected to solve this problem.

The Guangdong Provincial Party Committee Propaganda Department was established by Southern News Media Group, Southern Film and Television Media Group and Guangdong Zhongda Technology Venture Investment Management Co., Ltd. after scientific argumentation and multi-party consultations. Guangdong Cultural Industry Investment Management Co., Ltd. was established by the company. And raised funds to establish the Guangdong Cultural Industry Investment Fund. The cultural industry investment fund will carry out investment operations in accordance with the enterprise management and market operation mode. The overall scale of the cultural industry investment fund is 5 billion yuan, and 70% of the funds will be invested in projects in Guangdong Province and 70% of the funds will be invested in the cultural industry. , Focusing on the development and growth of Guangdong's cultural industry.

On the basis of the completion of the first fund raising of RMB 1 billion in 2011, the investment fund will reach RMB 3 billion in mid-2012 and RMB 4 billion at the end of 2012. It is planned to invest RMB 3 billion in the Guangdong cultural industry by the end of 2012 Construction. Strive to reach the goal of raising RMB 5 billion in overall scale by the end of 2013.