Cultural industry growth calls for more innovation in finance
On the second day of the 2022 Financial Street Forum, a sub-forum about financing the cultural industry was held for the first time. Participants discussed at length about how they can "Provide Financial Impetus for High-Quality Cultural Development", and how it relates to the real economy. Though China has one of the longest history and richest cultures in the world, the most recent concerted development of its cultural industry can be as short as 22 years, and those in the cultural industry often cannot see profits and returns very fast. Financial support is a path to balance such a dilemma.