The coalition was jointly set up by 8 finance and investment institutions including the Shanghai management center for creative industry show & service platform, Shanghai Guosheng Group Co., Ltd, and Sequoia Capital China.
It officially issued its overall planning for the second half on August 25 which said the coalition would hold project docking meetings separately in October and December to recommend 15 enterprises for financers and investors.
More and more capitals run to culture sector such as film, publishing and creative design as many favorable governmental policies have been issued. Data from CVSource (a database product of China Venture) shows that there were 9 new equity investment funds focusing on cultural industry in 2010. By now, there have 12 such new funds in 2011. Plus, statistics from the cultural ministry reveals that the scale of cultural industry funds has surpassed CNY 30 billion.
SOURCES: www.nf.nfdaily.cn, SinoCast Daily, menafn.com (August 25, 2011)