Beijing launches a "loan replenishment and investment" linkage system for cultural and creative industries, which can leverage hundreds of billions of financial capital

Beijing State-owned Cultural assets Supervision and Administration Office launched the "supplementary loan investment" linkage system for cultural and creative industries on the 22nd. On the day of launch, a total of 327 enterprises received "supplementary" support from financial funds. According to the relevant responsible person, as soon as the "supplementary loan investment" system was announced, it immediately attracted the attention of a large number of creative enterprises. At present, more than 80 cultural and creative enterprises have reached a preliminary financing intention with Beijing Culture and Technology Financial Leasing Co., Ltd.

the Beijing Municipal Office of Supervision and Administration of State-owned Cultural assets launched the linkage system of "supplementary loan investment" in cultural and creative industries on the 22nd. On the day of launch, a total of 327 enterprises received "supplementary" support from financial funds. According to the relevant responsible person, as soon as the "supplementary loan investment" system was announced, it immediately attracted the attention of a large number of creative enterprises. At present, more than 80 cultural and creative enterprises have reached a preliminary financing intention with Beijing Culture and Technology Financial Leasing Co., Ltd.

according to Zhou Maofei, director of the Beijing Municipal Cultural Resources Office, the biggest problem facing the development of cultural and creative enterprises has been financing difficulties, slow financing, and expensive financing. Most cultural and creative enterprises only own light assets such as copyright, copyright and patent rights. It is difficult to obtain funds from traditional financing channels such as banks, the time is long, and the loan interest rate is high. Financing from non-bank financial institutions may be faster, but the cost of capital is often high. At the same time, there are a lot of idle capital in the society, and good projects and targets can not be found. The linkage system of "supplementary loan investment" in the cultural and creative industry can just alleviate these problems.

the linkage system of "supplementary loan investment" in cultural and creative industries is set up by the government to promote banks, financial leases, equity investment institutions and other financial institutions, reduce financing costs, simplify examination and approval procedures, and provide a package of financial services for cultural and creative enterprises. Among them, "subsidy" refers to supporting the development of cultural and creative enterprises in the form of special funds for Beijing's cultural and creative industries (including incentives, interest discounts, rent subsidies, and insurance subsidies) every year: "loans" is to promote financial institutions to float loan interest rates and simplify examination and approval procedures. Provide loans for cultural and creative enterprises. "Investment" is to promote equity investment institutions to provide equity financing services for cultural and creative enterprises.

Beijing Cultural Resources Office selected Beijing Culture and Technology Financial Leasing Co., Ltd. as the first batch of pilot financial institutions this year. It plans to provide financial support of more than 1 billion yuan to more than 100 cultural and creative enterprises every year. Withdrawals are usually made within 25 working days. At the launch meeting, Wan Ziqian, chairman of the Beijing Film Academy Cultural and Creative Park Operation Company, said that this year, the park has received 2.98 million yuan of special funding for the cultural and creative industry, and a large amount of financial support is needed to promote the incubation of cultural and creative enterprises according to the plan. The Beijing Cultural Resources Office has provided another 51 million yuan of financing support to the park through cultural leasing, and in the future, through the "supplementary loan investment" system and many investment institutions, the Beijing Cultural Resources Office can carry out equity investment in high-quality film and television enterprises in the incubator and turn the Cultural Innovation Park into a well-known film and television entrepreneurial street in North China.

it is worth mentioning that the Beijing Cultural Resources Office is about to launch the online application system of "supplementary loan investment" for cultural creation, which aims to establish a large linkage system of "supplementary loan investment" for cultural creation. The system strives to reach 100000 enterprises and 3000 financial institutions within three years. Among them, cultural and creative enterprises will be classified according to radio, film and television, animation games, literary performances, press and publishing and other industries and functions, and financial institutions will also be classified according to banks, securities, trusts, financial leases, etc., and finally form a cultural and financial ecological circle, including cultural and creative enterprises, financial institutions and intermediary service institutions.

according to reports, enterprises that declare successful loan financing and equity investment in the "supplementary loan investment" system in the future can be used as the basis for applying for special subsidies for cultural and creative industries, and enterprises that declare successful subsidies can also be used as credit-increasing factors for loan financing and equity investment. Zhou Maofei said that after the establishment of the "supplementary loan investment" linkage system, it will strive to form a large database of cultural and creative enterprises and establish the credit rating of cultural and creative enterprises. At the same time, through offline investment and financing roadshows and project docking, it is realized that "the rich can find good projects, and good projects can find money quickly." the 200 billion yuan credit line between the Beijing Cultural Resources Office and 15 contracted banks will be transformed into one-off financing services for cultural and creative enterprises.

Edit: yvette