GBA Cultural Industry Investment Conference opens in Guangzhou

The 2024 Guangdong-Hong Kong-Macao Greater Bay Area Cultural Industry Investment Conference opened on Nov 20 on Guangzhou International Bio Island, running for three days.

The conference features several specialized events themed on digital culture, Chinese cultural trends, mergers and acquisitions, and cultural exports, attracting widespread participation from financial securities institutions, investment firms, listed companies, and innovative enterprises.

A post of the investment conference. [Photo/WeChat account: gzhpfb]

The first conference, held in 2023, saw an average project revenue growth of 65 percent, with some enterprises completing multiple rounds of financing, totaling over 1.4 billion yuan ($193.17 million).

During the conference, agreements for several cultural export projects from the Greater Bay Area were signed on-site, including the Ke Ling Hui·Greater Bay Area (Huangpu) Cultural Export Base and the Greater Bay Area Micro-Drama and Short Video Export Demonstration Base.

The digital culture session invited companies such as Guangzhou Game Winner and Ezvalo to present original game projects and smart ambient appliance projects, outlining future development plans and attracting attention from investors.

Huangpu district showcased its cultural industry and conducted investment promotion presentations during the conference, fostering cultural industry aggregation and development. Since the beginning of this year, the district has hosted 123 commercial performances with 1,715 shows, attracting 680,000 spectators.

Huangpu has also established the national cultural trade base for foreign countries, inspiring renowned domestic and international cultural masters to set up studios, enhancing the industry's clustering effect.

Looking ahead, Huangpu plans to deepen "culture + digital" integration, enhance service capabilities, and create a more business-friendly, enterprise-friendly, and talent-friendly environment.

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