Cultural Finance Takes Center Stage at Greater Bay Area Conference in Guangzhou
From November 20 to 22, 2024, Guangzhou was the backdrop for the Guangdong-Hong Kong-Macao Greater Bay Area Cultural Industry Investment Conference, where influential representatives from financial and industry sectors gathered. This year’s event was focused on the theme of "Cultural Finance Empowering the Greater Bay Area Industry and Technology Reinforcing Each Other." Various groundbreaking cultural investment projects were unveiled amidst in-depth discussions and presentations highlighting the latest advancements in the cultural sector.
Notable attendees included over 100 leading investment firms, more than 40 listed companies, and several promising unicorn and gazelle firms, as well as cultural tech innovators. This impressive turnout demonstrated the vibrant interest in the opportunities present within the Greater Bay Area (GBA) cultural ecosystem. A range of cutting-edge technologies and cultural products were showcased, leading to lively discussions and networking opportunities among participants.
Among the standout projects featured during the conference were the highly anticipated film "Fall Into the Mortal World," digital human representations for museums, and the innovative "Humanoid Robot+" initiative. These projects exemplify the GBA's commitment to creative excellence and technological advancement. Cities such as Guangzhou, Shenzhen, Hong Kong, and Macao boast vast cultural resources and diverse offerings, fueling collaboration and growth in areas like AIGC (Artificial Intelligence Generated Content), digital creative production, and smart cultural manufacturing.
The conference also saw the release of pivotal reports, including the "2024 Cultural Industry Investment Report" and the "2024 Report on the Trends of Cultural Industry Investment in the Greater Bay Area." These documents provided critical insights into the financing landscape, investment hotspots, and future trends for the cultural sector. Insights revealed that the total financing for the cultural industry in the GBA had reached approximately 52.82 billion yuan over a five-year period. Impressively, Guangdong's cultural industry has consistently ranked first nationally for the last 20 years, achieving an average annual growth rate exceeding 10 percent.
By 2023, the revenue generated by culture and culture-related enterprises in Guangdong was approximately 2.2483 trillion yuan, leading the nation. The province is home to over 10,800 culture and culture-related businesses, constituting one-seventh of the overall national total. Notably, Shenzhen alone boasted revenue exceeding 1 trillion yuan from its culture and culture-related enterprises, accounting for 8.5 percent of the national totals. The data indicates that nearly half of the revenue from these enterprises stems from cultural manufacturing, highlighting Guangdong's strong manufacturing capabilities.
Guangdong stands out as a significant player in the gaming and amusement industry, producing four-fifths of China’s gaming equipment. In Guangzhou, gaming machines alone represent 20 percent of the global market share, with 25 percent of global animation-related products tracing their origins to Dongguan. The evidence resonates strongly in niche segments such as films, TV programs, video games, animation, and creative design. The remarkable revenues from gaming surpass 80 percent of the national total, with digital music, digital publishing, and animation revenues comprising approximately one-quarter, one-fifth, and one-third of their respective national totals.
Overall, the conference not only highlighted the flourishing cultural finance landscape in the Greater Bay Area, but also the strategic forward momentum of its cultural and technological sectors. As finance and cultural industries collaborate more closely, the GBA is poised for continued growth and innovation, creating exciting opportunities for both established players and newcomers in the market.
Notable attendees included over 100 leading investment firms, more than 40 listed companies, and several promising unicorn and gazelle firms, as well as cultural tech innovators. This impressive turnout demonstrated the vibrant interest in the opportunities present within the Greater Bay Area (GBA) cultural ecosystem. A range of cutting-edge technologies and cultural products were showcased, leading to lively discussions and networking opportunities among participants.
Among the standout projects featured during the conference were the highly anticipated film "Fall Into the Mortal World," digital human representations for museums, and the innovative "Humanoid Robot+" initiative. These projects exemplify the GBA's commitment to creative excellence and technological advancement. Cities such as Guangzhou, Shenzhen, Hong Kong, and Macao boast vast cultural resources and diverse offerings, fueling collaboration and growth in areas like AIGC (Artificial Intelligence Generated Content), digital creative production, and smart cultural manufacturing.
The conference also saw the release of pivotal reports, including the "2024 Cultural Industry Investment Report" and the "2024 Report on the Trends of Cultural Industry Investment in the Greater Bay Area." These documents provided critical insights into the financing landscape, investment hotspots, and future trends for the cultural sector. Insights revealed that the total financing for the cultural industry in the GBA had reached approximately 52.82 billion yuan over a five-year period. Impressively, Guangdong's cultural industry has consistently ranked first nationally for the last 20 years, achieving an average annual growth rate exceeding 10 percent.
By 2023, the revenue generated by culture and culture-related enterprises in Guangdong was approximately 2.2483 trillion yuan, leading the nation. The province is home to over 10,800 culture and culture-related businesses, constituting one-seventh of the overall national total. Notably, Shenzhen alone boasted revenue exceeding 1 trillion yuan from its culture and culture-related enterprises, accounting for 8.5 percent of the national totals. The data indicates that nearly half of the revenue from these enterprises stems from cultural manufacturing, highlighting Guangdong's strong manufacturing capabilities.
Guangdong stands out as a significant player in the gaming and amusement industry, producing four-fifths of China’s gaming equipment. In Guangzhou, gaming machines alone represent 20 percent of the global market share, with 25 percent of global animation-related products tracing their origins to Dongguan. The evidence resonates strongly in niche segments such as films, TV programs, video games, animation, and creative design. The remarkable revenues from gaming surpass 80 percent of the national total, with digital music, digital publishing, and animation revenues comprising approximately one-quarter, one-fifth, and one-third of their respective national totals.
Overall, the conference not only highlighted the flourishing cultural finance landscape in the Greater Bay Area, but also the strategic forward momentum of its cultural and technological sectors. As finance and cultural industries collaborate more closely, the GBA is poised for continued growth and innovation, creating exciting opportunities for both established players and newcomers in the market.
Topics Business Technology）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.