Comparative Study on Control Power of Listed Companies in Culture Industry in China: A Study Between State-owned Capital and Private Capital

Abstract

As the further opening up of the cultural market, the state-owned cultural capital and private cultural capital have contributed increasingly balanced to the development of cultural industry in China, while it is obvious that the control power of different capitals in different listed companies varies. In terms of the number of listed companies of different ownerships in the culture industry, apparently private companies are in large quantities; in terms of the total revenue and net profit, state-owned companies have an edge. The capacity of controlling of state-owned cultural capital and private cultural capital varies in different areas as well. In fact, in recent years state-owned companies develop not very well with little power of leading the culture industry in China. Therefore, how to enable the state-owned companies to take a leading role in the entire cultural industry remains a key problem. Private companies should proactively adjust itself to the market and continue to play to its strengths in the emerging areas of culture industry, in order to inject new energy to the culture industry and market.