The Ministry of Finance issued a notice to support the merger and reorganization of central cultural enterprises

On September 25, the Ministry of Finance issued the "Notice on Preparing the 2015 State-owned Capital Operation Budget Expenditure Project Plan of Central Cultural Enterprises"(hereinafter referred to as the "Notice"). According to the Circular, the preparation of capital budget in 2015 will further improve the three key points stipulated in the Circular of the Ministry of Finance on Doing a Good Job in the Management of State-owned Capital Operation Budget Expenditure of Central Cultural Enterprises (Cai Wen Zi [2012] No.9) in combination with the actual reform and development of central cultural enterprises, namely, supporting merger and reorganization and deepening enterprise reform, promoting the integration and innovation of culture and science and technology, and promoting culture to go global.

The following is the full text of the "Notice":

According to the "Notice on Printing and Issuing the Measures for the Compilation of Central State-owned Capital Operation Budgets"(Caiqi [2011] No. 318),"Notice of the Ministry of Finance on Preparing the Draft Proposal for the 2015 Central State-owned Capital Operation Budget"(Caiqi [2014] No. 175) and the relevant provisions of the "Notice of the Ministry of Finance on Doing a Good Job in the Management of State-owned Capital Operating Budget Expenditures of Central Cultural Enterprises"(Caiwen Zi [2012] No. 9), the relevant work notice on the preparation and preparation of the state-owned capital operating budget (hereinafter referred to as the capital budget) expenditure project plan of central cultural enterprises (hereinafter referred to as central cultural enterprises) on behalf of the State Council in 2015 is as follows:

1. The guiding ideology

fully implements the spirit of the 18th National Congress of the Communist Party of China and the Third Plenary Session of the 18th Central Committee of the Communist Party of China. By supporting enterprises to carry out project construction, giving full play to the guiding, demonstrating and leading role of capital budget, promoting the optimization of enterprise structure, promoting resource integration, deepening reform and product and service innovation, alleviating development funding difficulties, promoting the deep integration of traditional media and emerging media, enhancing the overall strength and competitiveness of enterprises, and realizing transformation, upgrading and leapfrog development after the transformation and restructuring.

2. Support for the preparation

of capital budgets in 2015 will be combined with the current reform and development of central cultural enterprises to further improve the "Notice of the Ministry of Finance on Improving the Management of State-owned Capital Operating Budget Expenditures of Central Cultural Enterprises"(Caiwen Zi [2012] No. 9) The three key points stipulated in the document. Specifically include:

(1) Supporting mergers and reorganizations and deepening enterprise reform,

including supporting central cultural enterprises with similar businesses and shared resources to merge and form new enterprises or group companies in accordance with the principles of complementary advantages and voluntary combination; central cultural enterprises, as merger entities, obtain ownership or controlling rights in other cultural enterprises through purchase, direct shareholding, etc.; central cultural enterprises accelerate the transformation of corporate and joint-stock systems. Central cultural enterprises must obtain approval documents from relevant departments such as the competent department for mergers and reorganizations, corporate system, and joint-stock transformation. For expenditures incurred during the merger and reorganization of central cultural enterprises and deepening reforms, capital expenditures are mainly supported; for personnel resettlement funds, expense expenditures are supported.

(2) Promoting the integration and innovation of culture and technology

mainly supports central cultural enterprises to use technology as the support and content as the basis to carry out projects such as network communication and operation service platforms and mobile Internet-related media with typical demonstration effects, and to possess independent intellectual property rights, research and development of key technologies that are conducive to promoting the adjustment or upgrading of the enterprise's industrial structure, improving the level of corporate cultural equipment, and promoting the integrated development of central cultural enterprises and emerging media in terms of content, channels, platforms, operations, and management.

(3) Promoting cultural going global

mainly supports overseas investment by central cultural enterprises with competitive advantages, brand advantages and operation and management capabilities, and establishes cultural enterprises overseas through new establishments, mergers and acquisitions, etc. or obtains ownership, control or operation and management rights of cultural enterprises; Conduct project cooperation with powerful foreign cultural institutions, build an international marketing network for cultural products, promote the export of cultural products and services, and open up international markets. Support it through capital expenditure. Projects belonging to overseas investment (including joint ventures and cooperation) must comply with relevant national regulations and provide written documents approving the development of overseas investment by the competent authority.