The growth of the cultural industry calls for more innovation in the financial world

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On the second day of the 2022 Financial Street Forum, a sub-forum on financing the cultural industry was held for the first time. The participants discussed in detail how they can “provide financial impetus for high-quality cultural development”, and how this relates to the real economy. Although China has one of the longest history and richest cultures in the world, the most recent coordinated development of its cultural industry can only take 22 years, and those in the cultural industry often fail to see profits and returns very quickly. Financial support is one way to balance such a dilemma.

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