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Shantou Overseas Chinese Pilot Zone Available for Entertainment Business by Hong Kong and Macao Proprietorship
Date: 2015-09-28      Source:

Recently, with approval by the Ministry of Culture, the Provincial Department of Culture approved that entertainment business with sole proprietorship of Hong Kong and Macao can be established in Shantou Overseas Chinese Economic and Cultural Cooperation Pilot Zone, thus Shantou becomes Guangdong's first new pilot region for such business of entertainment.

In recent years, Shantou's cultural and entertainment market has experienced healthy and orderly development, with good business. The city has 130 existing cultural and entertainment venues, most of which are domestic enterprises, with only 20 Sino-foreign joint ventures. The pilot approval will further broaden the investment areas of Hong Kong and Macao investors in the Overseas Chinese Pilot Zone, and promote the development of cultural services and the expansion of opening up in the cultural field of the Pilot Zone.

Source:Shantou Daily, Sep 28, 2015




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