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Further Improve the Development Environment of Cultural Industry Fund: Policy Options(No.37, 2018)


By Chen Feng, Niu Jiaru & Sun Xuan, Institute of Public Administration and Human Resources, DRC

Research report No.37, 2018 (Total 5312) 2018-2-28

Abstract: In recent years, with the release of “Guidelines on Deepening Cultural and Financial Cooperation”, “Interim Measures for the Administration of Government-Managed Industrial Investment Fund” and relevant policies, cultural industry fund pooled by the government, financial institutions and non-governmental organizations has played an important role in improving the allocation of social fund, promoting national industrial upgrading and structural adjustment, deepening the reform of state-owned enterprises and investment and financing systems, as well as enhancing social investment and boosting domestic demand. Research findings show that China’s cultural industry fund is facing some problems such as imperfect functional system, weak market reconstruction and amplification effect, nonstandard governance mechanism, incomplete coverage of various sectors, imperfect financial environment, and policy barriers for cultural industry access. Efforts need to be made to integrate the functional system of cultural fund, actively pool institutional fund and social capital, standardize the fund governance system, clarify the boundary of government-managed investment fund, improve the fund service system, and enforce the formulation of related laws and regulations as well as fiscal and taxation policies.

Key words: cultural industrial fund, problems, policy options