Photo
      Policy Briefing
      Governmental Regulations
      Business News
      Auto
      Finance
      Telecom
      Foreign Trade
      Economy of China
      Foreign Investment
      Development Zones
 Investment FAQ
      16. What are the rules for foreign shipping companies to set up their solely owned companies in China?
      17. What are the conditions for establishing Chinese-foreign equity and contractual joint venture medical institutions within Chinese territory?
      18. What are the rules for establishing foreign-funded commercial enterprises in China? (1)
      18. What are the rules for establishing foreign-funded commercial enterprises in China? (2)
      19. What are the regulations concerning taxes for enterprises with foreign investment and foreign enterprises engaged in consultation business?
      20. Are foreign businesses allowed to invest in cinemas? What are the relevant regulations?
Private fund OK‘ed for culture industry

2005-08-09 08:46:38

 

   The Chinese Government issued a policy yesterday in Beijing to guide private investments into sectors of the State-owned culture industry.
  
  The policy, titled "State Council‘s several decisions on guiding non-public capital into the cultural industry," clearly defines the areas that private investors can access, including the performing arts, theaters, museums, exhibitions, Internet services, flash and online games, film manufacturing, cinemas, audio products‘ distribution and so on.
  
  The government will allow State performing troupes and theatres to form partnerships with private investors, even letting them be major stock holders.
  
  In certain areas, however such as printing and distribution, news publisher‘s advertising, music, science, sports and entertainment programming by broadcasters and TV stations, film manufacturing, distribution and screening State capital will hold more than 51 per cent of stock.
  
  "In order to guide private cultural companies to develop in a sustainable and rapid manner," the decision called on the Culture Ministry, the State Administration of Broadcasting, Film and TV and the State Administration of Publication and Press to come up with detailed measures to implement the decision.
  
  (Source: China Daily)
  
  


 Font Large Medium Small
 Recommend to friends
 View comments on this article
 Most E-Mailed Articles(Most Popular)

Related Articles

Untitled Document
   Recommendation
A wild weekend in Inner Mongolia
Next to Tibet, Inner Mongolia is one of China's most extraordinary places. You'll be fascinated by the mystique of its stunning grasslands, the Gobi desert, the energetic Naadam festival and the Mongolian way of li...
Giant octopus back to the ocean
It's real people and it's a COS play, let's take a look...
Sex And the Chinese Cities

Remember the winner of the 1960 Best Picture Oscar The Apartment? Director Billy Wilder's bittersweet...