Brief Introduction of China Cultural Industry Investment Fund

China Cultural Industry Investment Fund is an institution jointly established by the Ministry of Finance, BOC International Holdings Limited, China International Television Corporation and Shenzhen International Cultural Industry Expo and Fair Co., Ltd., with a total target scale of 20 billion yuan. China Cultural Industry Investment Fund raised 6 billion yuan in the first phase, with a target scale of 20 billion yuan, of which the Ministry of Finance contributed 500 million yuan, and will also attract private capital including VC/PE in its future operation. In addition, the fund's project investment will be closed for 10 years, with the first five years as the investment period and the last five years as the withdrawal period.

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