A strategic cooperation between the Chinese Ministry of Culture and the state Agriculture Bank was launched on August 26, at a ceremony where the latter joins the “Culture Industries Investment and Finance Public Service Platform,” a government initiative to help fund culture enterprises. According to Gao Shuxun, the Assistant to the Culture Minister, the central government supports the Bank-Ministry alliance and has become a new model for the financial institutes to support the development of culture industries.
On August 18, the Ministry and Agriculture Bank jointly issued a Notice of Comprehensively Strengthening Strategic Cooperation, which made clear the Ministry of Culture’s policy support of the Agriculture Bank to provide financial services to culture enterprises.
Source: Ministry of Culture website, August 26, 2010
http://www.ccnt.gov.cn/sjzz/whcys/cydt/201008/t20100826_81718.html