Chinese School - Entertainment: Trading starts on animation, cartoon and game industry

exchange

BIZCHINA / Biz Media Digest

Entertainment: Trading starts on animation, cartoon and game industry
exchange

(Xinhua)
Updated: 2007-06-29 13:35

Trading started on Thursday on the Chinese national exchange center of
the animation, cartoon and game industry, a move that experts believe
will boost the industry by bringing it into the capital market.

The center will provide an exchange platform for assets and equity, and
offer fund-raising, intermediary and pricing services for companies, said
Cai Minyong, president of Shanghai United Assets and Equity Exchange
(SUAEE).

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More than 30 items, including the publication rights of some Chinese
folklore cartoons in Europe, were listed on the exchange with a combined
price of about US$4 million.

The exchange center in Shanghai was co-founded by the National Center for
Animation, Cartoon and Game Industry and the SUAEE.

The SUAEE estimates the output value of China's animation, cartoon and
game sector at 18 billion yuan (US$2.36 billion) per year, and the market
demand at more than 60 billion yuan.

"The room for the industry's development is huge," said an SUAEE official.

The global output value of the industry was more than US$500 billion in
2005.

(For more biz stories, please visit Industry Updates)

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