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Beijing Cultural Investment and Development Group Co Ltd

(bjwzb.gov.cn) |Updated : 2020-04-08

Founded on Dec 11, 2012, Beijing Cultural Investment Development Group Co Ltd or BCI is a wholly State-owned company which was authorized by the Beijing municipal government and established as a municipal-level first-class enterprise by the capital's State-owned Cultural Assets Administration Center (SOCAAC), with a registered capital of 6 billion yuan ($849 million).

The company is an important investment and financing platform for the development of Beijing's cultural and creative industries.

As such, BCI has made many breakthroughs and innovations in terms of dispersing the non-core functions of Beijing.

It has helped with the coordinated development of Beijing, Tianjin and Hebei --promoting private capital investment, focusing on Beijing's construction as a national cultural center and serving the overall development of cultural and creative industries.

For a long time, BCI has expanded its businesses in a diversified way, making significant contributions to the development of regional economy and social culture.

It became the first cultural investment enterprise in China to obtain the international 3A-level credit rating. It has been awarded the title of the 9th and 10th "top 30 cultural enterprises" in China and it won the 2017 best employer in China and the most potential employer award in Beijing.

As of June 30, 2018, the total assets of BCI topped 44 billion yuan. In the process of its development, BCI has given priority to social benefits and it has succeeded in achieving a combination of economic benefits and social benefits.

As a strategic investor and leader of Beijing's cultural and creative industries, BCI has actively undertaken major events and key projects assigned by the municipal government.

It has constructed a series of platforms, including an investment and financing platform for cultural and creative industries, a construction and operations platform for cultural and creative functional areas and an incubation and quality improvement platform for the cultural and creative industries. It also established a construction platform for the cultural market and an operations platform for State-owned cultural capital, while gradually improving six business sectors.

In terms of cultural finance, BCI has established a cultural investment asset management company and cultural investment development master fund.

It has improved the cultural industry investment and financing service system, integrated cultural industry resources, built a capital operation platform and continued to promote the capitalization operations of its listed companies.

In addition, it has further promoted the linkage of investments and loan awards, operated a cultural and creative financial services platform and a cultural and creative board -- and promoted the healthy and efficient development of the cultural and creative industries.

In terms of cultural content, BCI has always adhered to the principle of "culture-based" -- focusing on the creation of high-quality cultural content, strategically sharing the world's top performing repertoire and investing in the production and distribution of a series of excellent works that take into account social and economic benefits.

In terms of cultural channels, BCI has integrated resources from multiple channels and consolidated its leading position in the film and television industry through M & A, internal expansion and joint ventures.

As of June 30, 2018, it has already operated more than 100 studios, as well as 761 screening halls with more than 100,000 seats.

It has invested in Yidianzixun, Beijing New Media Group, AirMedia, Pepper Live, to achieve a diversified development in online drama, animation, advertising and in other industries. At the same time, it has a good interaction with mainstream media such as the People's Daily, Xinhuat, Tencent, Sina, Netease and IFeng.

In terms of cultural trade, BCI has promoted the construction of the National Base for International Cultural Trade (Beijing), completing the takeover of the base and achieving the unification of equity, creditor's rights and main body.

At the same time, BCI has developed top-level intellectual property resources in depth. It is committed to the development of cultural and creative projects for the Palace Museum, the completion of the trademark registration of "Baoyun Temple ", as well as the selection and development of high-end replicas of cultural relics in the collection of the Palace Museum. It has, in addition, expanded the influence of many cultural activities

BCI has also been committed to the construction, optimization and upgrading of Beijing's cultural functional areas and constantly promotes the integration and development of "culture +".

It completed the acquisition of Framestore, the largest special effects company in Europe.

It actively built a high-end industrial cluster of "big culture" in Beijing. The company has also strived to promote the deep integration of culture, science and technology, tourism, sports, education, health and other industries -- and promoted cross-regional and cross-industry development.