The Financial Development Of Artworks And Its Path Selection In China

With China’s art market transiting from the commodity market tothe capital market, the financial attributes which contain inartworks have began to appear. Finance is the core of modern economy,so we can not establish a modern art market in China without thesupport of financial market. Our artwork financial developmentrefers to the use of capital, talent, technology, and otherconditions in the financial market to support the development of theart market, to promote the art market and financial marketintegration, and ultimately realize the transformation of art marketart assets to financial assets. The development of artworks’financialization in China also has the raw power in addition to theboosting of economic financialization: According to the investors’view, artworks is a kind of financial instrument which can spreadinginvestment risks and achieving high returns; According to financialinstitutions’ view, artworks is a kind of innovative financialproduct which can attract investors’ funds and expand operations.We can see that the supply and demand can work together to promotethe development of artworks’ financialization in China and make itbecome one of the main directions of development of the art market. This paper is based on the current situation of the development ofartworks’ financialization in China, and regarded how to takeadvantages of the financial market’s funds, personnel technicalsuperiority to support the development of the art market and how topromote the art market and the financial market penetration fusionas research directions. The goal of this paper is to build artfinancial products to adapt to the development trend of the art market.This paper uses qualitative analysis method, literature andhistorical method, statistic quantitative analysis method and otherscientific research methods to guide our study and then find out thatthe development of artworks financialization in China should followsuch paths: On the one hand, the art market and the finance marketshould develop from building simple butt to whole industry chain’spenetration fusion. On the other hand, the art market should realizethe transition from constructing basic art financial products toderivative art financial products.