Beijing Cultural Investment and Development Group Co Ltd
Encompassing 23 wholly-owned, holding and shareholding companies, the Beijing Cultural Investment and Development Group Co Ltd — founded on Dec 11, 2012 — serves as an investment and financing entity of the State-owned cultural capital.
With a paid-in capital fund of 6 billion yuan ($911.4 million), the company has dedicated itself to the construction of the cultural creative industry investment, equity and financing service system as well as cultural elements markets, cultural functional zones and investment on major projects of the Beijing municipal government. By using the Beijing Culture Equity Exchange as a breakthrough, the development company plans to endorse cultural elements market construction, implement construction layouts for cultural creative industry functional zones, invest in major projects, such as the National Stadium and Universal Studios, and conduct acquisition and reorganization of cultural enterprises.
Through a professional and marketed capital operation, the company plans the cultural financial institutions as a whole, while administrating the authorized State-owned cultural assets to facilitate conformity and optimal configuration. The group is expected to enhance efficiency of the government’s special funds for the culture industry and accelerate the maintenance and appreciation of these assets.
The company has also established an all-around service system featuring investment, assurance, loan, incubation and financing through its subordinate cultural financing institutions. These institutions include Beijing Culture & Technology Financing Guarantee Co, Beijing Cultural Industry MicroCredit Co and Beijing Cultural Innovation Park Investment Management Co.