Monday, July 25, 2011

Beijing cultural property listed on Stock Exchange is expected this year

(Reporter Yang Ning) 25, the Ministry of Culture and cultural industries Division inspector Li Xiaolei said to reporters, the Ministry of Culture, Beijing municipal government jointly established a national cultural property trading platform - China Beijing Equity Exchange is the approval of Culture, is expected this year years listed.

According to reports, China Beijing Equity Exchange's main trading and cultural subject matter will be all kinds of cultural property, when the exchange will be mainly for the disposal of various types of cultural assets, as well as copyright, script, animation and image creation and other intellectual property transactions platform. Exchange will be gathered through various cultural enterprises, investment funds and advisory, assessment, brokerage and legal services agency, in the cultural enterprise and free communication between the capital, the promotion of cultural and financial ties.

Li Xiaolei introduction, the exchange transaction will implement a membership system, only qualified participants to open, and will not engage in securities trading business. "Do not engage in securitization transactions that are not standardized segmentation, discrete transaction, not for the public, only for specific populations, to improve the access threshold for parties to the transaction, and strict scrutiny."

For some parts of "artwork securities" of the situation, Li Xiaolei that art and cultural property rights in the transaction only a small portion of property transactions, a large range of more than the art trade. At present, the domestic trade in cultural property aspects of securities not yet ready, in policy and law, market transactions, credit risk guarantees and other aspects still need to regulate.

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