First investment fund for China’s cultural industry launched

The China Media Capital, the first domestic private equity fund focusing on cultural and media industries in China, was officially launched after raising 2 billion yuan in the initial stage in Shanghai on June 21.

As the first cultural industry fund that has been filed with China’s National Development and Reform Commission, the investment size of the China Media Capital is 5 billion yuan and its main initiators and investors include institutes such as Shanghai Huijin Cultural Industry Investment Company, owned by Shanghai Media Group, and the Financial Company under China Development Bank.

China Media Capital will focus on restructuring and reorganization as well as industry consolidation and innovation in fields of culture and media. It will also explore the construction of China’s own platform for global media investments and operations, said Li Ruigang, chairman and general manager of China Media Capital.

By People’s Daily Online

Advertisements

About indonesianurbanfamily

We are a young, Indonesian urban family who are exposed to many things in our lives. This is what we see, hear, think, feel and desire.
This entry was posted in Culture, Investment, Media and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s