The Beijing Cultural Enterprise Equity Transfer Platform is an exclusive service platform for cultural enterprises in the capital jointly created by Beijing Equity Trading Centre (BETC) and Beijing Cultural and Creative Board Development Co., Ltd. The platform was built through adjustment and upgrade on the original business rules and systems and product-service systems of BETC.

BETC is the only regional equity market operator in Beijing deployed by the State Council and China Securities Regulatory Commission, and approved by the CPC Beijing Municipal Committee and the People’s Government of Beijing Municipality. It provides micro, small and medium-sized enterprises with such services as listing, registration and settlement, equity management, brand promotion, training and tutoring, equity and debt financing, fund share transfer, wealth management, green board transfer and policy support. Beijing Cultural and Creative Board Development Co., Ltd. is a wholly state-owned company approved by the CPC Beijing Municipal Committee and the People’s Government of Beijing Municipality, and funded by the latter, which mainly provides comprehensive services for cultural enterprises. The establishment of Beijing Cultural Enterprise Equity Transfer Platform is an important measure for serving cultural enterprises.

The Platform will carry out pilot cultural finance projects, being regarded as a down-to-earth endeavour in the field of cultural finance in Beijing and an important measure for supporting the development of the "Two Zones". The upgrading of the cultural finance service system in Beijing will further meet the multi-level financing needs of cultural enterprises and fully serve the construction of Beijing into a national cultural centre. The Platform is expected to offer local cultural enterprises exclusive services such as incubation, cultivation, capacity building, equity management, financing roadshows, credit enhancement, publicity and display. Through comprehensive and innovative financial services, they will take first steps and move further towards higher levels in the capital market.

In order to solve such pain points as market intransparency and insufficient public credibility in the implementation of equity incentives for cultural enterprises, BETC also issues incentive equity placement products and provides infrastructure services for non-public offering and transfer, including equity and share option registration, fund transfer and continuously targeted information disclosure.

Next, with vigorous support of relevant municipal and district authorities, and the direct guidance of Beijing Local Financial Supervision and Administration and Beijing State-owned Cultural Assets Management Centre, BETC and Beijing Cultural and Creative Board Development Co., Ltd. will build and develop the Platform well to build and improve the financing capacity of cultural enterprises, and accelerate the growth of such enterprises by taking advantage of the multi-level capital market.

(Source: Beijing Daily)