News on March 30th. Recently, the establishment of the Guangdong Cultural Industry Investment Fund was officially launched. It is understood that its total fund size is 5 billion yuan, and the first phase is 1 billion to 1.3 billion yuan. Media Group, Southern Radio, Film and Television Media Group and ICBC International Investment Management Co., Ltd., etc., were initially established at the end of June 2011.
This is not an individual phenomenon. It is understood that investment funds have become one of the important financing channels for the domestic cultural industry. As the Zhejiang Oriental Star Cultural Fund, Shanghai Chinese Cultural Industry Investment Fund and other cultural industry investment funds have frequently launched in the market in the past two years, domestic cultural industry funds have attracted more and more attention.
The 11th Cultural Industry Investment Fund
This Guangdong Cultural Industry Investment Fund under construction will become the 11th cultural industry investment fund in China. According to statistics, between 2009 and 2010, a total of 10 industrial cultural investment funds were established in China. According to incomplete statistics of the Ministry of Culture, the cultural industry investment fund that has been raised and established has exceeded 30 billion yuan, and a cultural industry financial service system covering the whole country is gradually being established.
Information shows that most of these 10 funds are set up by local governments, and their investment scope is cultural enterprises in the areas where the funds are located. The remaining few are “prefix†funds. For example, China Yandi Development Fund is an investment fund established in Hong Kong and invested in Hunan and the nation ’s cultural industries; Support cultural industry incubation fund. In addition, it is understood that Beijing, Shandong and other places are also preparing for the establishment of a cultural industry fund led by the government. The size of a single fund will be between 1 billion and 3 billion yuan.
As of the end of 2010, half of the 10 cultural industry investment funds that were established were still in the process of fundraising. According to the survey, there are currently only 5 Oriental Star Culture Fund, Chinese Cultural Industry Investment Fund, Jiangsu Zijin Cultural Industry Development Fund, China Film and Television Publishing Industry Investment Fund, and Zhongke · Anguang Equity Investment Fund, which have disclosed their investment cases to the outside world. .
"In recent years, China's institutional investor scale and market maturity have greatly developed. Insurance companies, policy banks, commercial banks, securities companies and other financial institutions all hope to intervene in industrial investment funds. Although cultural industry investment is highly risky But overall, it is also one of the most potential investment targets. "Said Fang Weibiao, trust manager of the trust business department of Zhongrong International Trust Co., Ltd.
At the same time, it was found that investment funds, like other forms of financial support, prefer cultural enterprises that are "not bad." It is understood that the first batch of intentional investment targets after the formation of Zhejiang Oriental Starry Sky Cultural Fund are Zhejiang Hengdian Film and Television Production Co., Ltd., Hangzhou Songcheng Tourism Development Co., Ltd. and other cultural enterprises. In fact, Hengdian and Songcheng are both powerful and "not bad money" cultural enterprises. Why doesn't Oriental Star choose many small and medium-sized enterprises that are "awaiting feeding", but choose the "big name" of "not bad money"? Industry insiders said that it is not the investment fund that "thinks of poverty and loves the rich", only invests in "big names", but because the cultural industry has a longer growth cycle and lagging earnings compared with the general industry. As the first cultural and creative fund in Zhejiang Province, Oriental Starry Sky must first consider the robustness and maturity of the project when selecting the first batch of investment targets.
Make up for the lack of special funds
In recent years, many provinces and municipalities have set up special funds for the development of cultural industries in accordance with the national fiscal and taxation policies supporting the development of cultural industries. For example, Guangdong Province has set up a special fund for the development of Guangdong's cultural industry with a total amount of 200 million yuan, which plays an important role in promoting the development of Guangdong's cultural industry. However, the special funds have limitations in terms of nature and amount of funds. For example, the special funds for cultural industries established in most provinces and cities have a maximum total amount of less than 100 million yuan, and investment funds are often more than 1 billion yuan. Therefore, it is difficult to rely solely on the scope and method of application of the special funds for the cultural industry to exert a comprehensive catalytic effect on the development of the entire cultural industry. And various cultural industry investment funds just make up for this vacancy.
According to Fang Weibiao, the positioning of industrial investment funds and venture capital funds in a general sense is different. In the capital market, as an important financing tool, the fund is a relatively long capital chain. Unlike venture capital, industrial investment funds focus more on "industry" rather than "entrepreneurship", have a clear industrial orientation, and invest more in already industrialized 2. Large-scale enterprises, especially those in the middle to late stages of development to a relatively mature stage, or industrial infrastructure with low risks and stable returns. "This can also explain the reason why the currently established cultural industry investment fund 'ignores' small and medium-sized cultural enterprises."
At the same time, the investment of industrial investment funds is compatible with the growth and expansion of the industry, which is more in line with the characteristics of the stage of the domestic cultural industry. Xiang Xiaomei, a researcher at the Institute of Industrial Economics of the Guangdong Academy of Social Sciences, said: "Because China's cultural industry can face globalized international competition, it is necessary to promote the rapid growth of the cultural industry from the growth stage to the expansion period. The investment characteristic of the cultural industry is the investment cycle The investment required for long-term investment is relatively large and scattered, requiring long-term and stable financial support. And the dominant position in China ’s cultural industry is state-owned enterprises, and the government orientation of industrial investment is strong. Therefore, cultural industry investment funds must be The combination of these characteristics of the industry selects an organization form that is convenient to manage and has a strong stability. Therefore, industrial funds are more in line with the needs of the development of China's cultural industry than risk funds. "
The role of government is crucial
According to the current fundraising and investment situation of cultural industry investment funds, the main areas of investment of most cultural industry investment funds are not yet clear. "On the one hand, it is because most of the fundraising is not in place, on the other hand, it is also because the cultural industry fund is established for a short time, has little operating experience, and is the first attempt in the country. There is no precedent to follow." Fang Weibiao said.
In addition, how to supervise the investment funds of state-owned cultural industries will also have a greater impact on non-state fund investors. People in the industry are also concerned that if the state-owned asset supervision model is strictly applied at both the fund and fund investment levels, it may limit the flexibility of fund investment decisions and the liquidity of related assets.
Although there are currently 10 cultural industry investment funds, they are still in their infancy in China, especially since most funds are government-led, so no matter from what angle, the role of the government is very important. "The government should be a capital supplier, a policy supporter and a supervisor. On the one hand, the government should support the development of cultural funds through capital injection and policy support, and establish a coordinated, unified and efficient approval and operation supervision system In order to ensure the rights and interests of fund investors. On the other hand, as a commercial investment and financing body that operates according to market principles, the cultural industry investment fund should not intervene in its specific operations, but can only provide necessary support to it through corresponding fiscal and financial policies. . "Xiang Xiaomei said.
Some industry insiders also pointed out that for the cultural industry investment funds that are not yet mature, we should formulate policies such as tax incentives, exemptions and financial discounts to guide the fund ’s investment and support the development of the fund, and formulate cultural industry investment fund supervision and management measures and fund investment performance. Evaluation system; formulate supporting policies and measures such as encouraging investment in cultural industry catalogs and financing application standards.
"At the same time, we should vigorously cultivate the composite professionals of the cultural industry investment fund. Highlight the characteristics of the industry fund's" expert investment, expert financial management ", and vigorously cultivate a group of composite talents who are familiar with the development laws of the cultural industry and have expertise in fund investment and management "Xiang Xiangmei said.
The above information source "Venture Investment" is authorized by the China Venture Capital Research Institute (CVCRI) to publish it. All rights reserved. Please indicate the source when reprinting. For more information, please click download to view all articles.
Contact number 400-609-6665 800-999-3099
E-mail:
Bear pillow is a kind of Plush Toy that girls love very much. The market is in great demand. Its main material is made of plush fabrics and PP cotton filler. Plush cloth it mainly contains four kinds. The first kind of ordinary yarn, which belongs to BOA material, can be divided into light yarn, which is usually glossy and can be divided into Yin and Yang in different directions. And matte gauze namely dumb lubricious, do not have Yin and Yang face basically. The second kind is called special yarn, have flat cut wool cloth and long and short wool, wool length is controlled in 4-20mm range. The 3rd kind calls plush, wool grows in 20-120mm limits, 20-45mm limits can do any wool to grow inside, 45mm above has 65mm and 120mm only, belong to length wool, wool is straighter, not easy curl. The 4th kind is called roll wool, most are granular wool, lamb wool, or wool root is bundle shape, roll above. PP cotton, commonly known as doll cotton, hollow cotton, also known as the wadding, artificial chemical fiber material of polypropylene fiber, polypropylene fiber is (a kind of plastic lighter density, special attention is that polypropylene fiber is different from the polyester don't confuse) from craft to distinguish: mainly have hollow fiber and two, the product has good resilience, feel is smooth. The company's production of bear pillow shape lovely, soft touch, needle and thread density, exquisite workmanship. Delicate suture does not deform, does not fade, does not shed hair. A bear pillow can be given as a gift. If a man gives a girl a bear pillow during the period of love, it can make your love sweeter, more romantic and happier. Bear pillow is also the best companion and confidant to accompany children's growth.
Production process:
Shape design – Proofing – Typesetting – Tailoring – sewing - Nail eyes and nose - Hand sewing seam – modelling – Forming - Needle inspection - Check goods – Packing
1.First of all, the design department or the customer handed in the sample, and then handed in the blanking workshop, and blanking
2.Locomotive sewing, the main task is to sew the main body, cloth label, sewing accessories
3.Installation of nose, eye and other accessories
4. Filled cotton
5. Hand sewing, shaping
6. High Pressure Air Pump Blows off Surface Fluff
7. Inspection, while cutting off the thread head and brushing off the wool
8. Play hang tag, pack and deliver goods
In recent years, the company's various businesses have maintained a sustained and stable development, its production and sales for many years ranked among the top of the same industry in China, the company's sales revenue, profit and tax increased year by year trend.
The company's products enjoy a good reputation overseas, 95% of the products exported, the main international markets include Europe, Asia, North America and South America and so on.
Company products to environmental protection materials, exquisite technology, various supporting facilities, advanced technology, perfect management, excellent quality, reasonable price, rapid development, strict confidentiality, perfect after-sales service. Only detailed product drawings (or samples) can provide customers with one-stop service from development to after-sales service.
Bear Hug Pillow
Bear Hug Pillow,Bear Shaped Hug Pillow,White Bear Hug Pillow,Soft Bear Hug Pillow
SHEN ZHEN HAO XIAN LONG TECHNOLGY.CO.,LTD , https://www.haoxianlongtoys.com