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我国的文化产业作为新兴产业具有高成长性,并被国家定义为支柱产业。资本市场尤其是A股市场是文化产业做大做强、健康发展的最佳场所。金融的核心就是资产的定价和溢价能力,它用这根指挥棒引导并且决定资源配置。金融发现并锁定文化产业的成长性,给以溢价,有时甚至将其推至泡沫状态。这正是股市具有的资源配置功能的鲜明体现。我国的文化产业借力沪深A股市场做大做强,已经成为共识并且取得显著效果。资本是把双刃剑,文化产业如何在利用好A股溢价的同时避免或减少其负面影响,是一个重大课题。
As a new industry, China’s cultural industry has a high growth rate and is defined as a pillar industry by the state. Capital markets, especially the A-share market, are the best places for cultural industries to grow bigger and stronger and develop healthily. The heart of finance is the asset pricing and premium capabilities that it uses to guide and determine resource allocation. Finding and fixing the growth of cultural industries, finance gives premiums and sometimes even push them to a bubble. This is exactly what the stock market has with the function of resource allocation. China’s cultural industry leveraging Shanghai and Shenzhen A-share market bigger and stronger, has become a consensus and achieved remarkable results. Capital is a double-edged sword, the cultural industry how to make good use of A-share premium at the same time to avoid or reduce its negative impact is an important issue.