The Research On The Chinese Credit Support Of Cultural Industry

Development of cultural industry will upgrade the industrial structure, meet thepublic spiritual and cultural needs, and accord with China’s cultural strategic needs ofcompetitive improvement. However, the credit support of cultural industry does notmatch the good posture of cultural industry development in China, which has becomea bottleneck of cultural industry development. Compared to traditional industries,cultural industry has both material and spiritual properties, because their products liein creativity. Thus, cultural industry shows a series of characteristics such as lowerproportion of fixed assets, smaller scales, and unpredictable cash flow, which do notmatch the need of traditional credit requirements and had a negative impact on creditsupport of cultural industry.The paper firstly analyses two concepts in two theoretical lines: a lineintroducing the definition, classification, characteristics and the economicsignificance of cultural industry, which is the start point of the paper; the other lineintroducing the factors of credit support. And then links two concepts togetherthrough the mechanism of credit support which promote the life cycle and industrialagglomeration of cultural industry, as the theoretical foundation of the thesis.The paper secondly analyses the reason of credit support lacking from theperspective of cultural industry characteristics, financial system, financial regulationand the government supporting facilities in realistic analysis. Besides, on the basis ofthe qualitative analysis and the application of mean analysis and two-regressionmodel, the paper analyses microscopic sample data of cultural enterprises andnon-cultural enterprises and proves that the characteristics of cultural enterprises andthe banks’ differences in treatment have negatively affect on the credit support, whichhave proven the reason stated in realistic analysis.Finally, the paper put forward proposals to improve my credit support culturalindustry from three dimensions including commercial banks, cultural enterprises andgovernment, based on the problem that the lack of credit support of Chinese culturalindustry does not match the good posture of cultural industry development, and therealistic and empirical analysis.