The General Office of the People's Government of Henan Province recently issued “Certain Policies and Measures to Support the High-Quality Development of the Short Drama Industry in Henan Province”. Among them, it is proposed to increase financial support. Include short dramas in the scope of government investment fund support, organize special investment and financing roadshows for short dramas, guide various venture capital institutions and funds to increase capital investment in script creation, filming and production, promotion and distribution in a market-based manner, and reduce the financial pressure on short drama enterprises. Support the provincial finance credit service platform to set up a financing matchmaking zone for micro short drama enterprises, explore the establishment of a short drama industry financing risk compensation fund pool, and encourage various financial institutions to combine the characteristics of the short drama industry to customize financial products pledged by corporate copyright, accounts receivable, income rights, cultural and creative product licensing, etc. for short drama companies. Give full play to the role of the financing coordination working mechanism for small and micro enterprises, give interest rates on eligible guaranteed loans for small and micro enterprises to start up small and micro enterprises in accordance with the prescribed standards, and project subsidies are given to those rated as provincial or municipal mass entrepreneurship support projects in accordance with regulations.

The General Office of the People's Government of Henan Province recently issued “Certain Policies and Measures to Support the High-Quality Development of the Short Drama Industry in Henan Province”. Among them, it is proposed to increase financial support. Include short dramas in the scope of government investment fund support, organize special investment and financing roadshows for short dramas, guide various venture capital institutions and funds to increase capital investment in script creation, filming and production, promotion and distribution in a market-based manner, and reduce the financial pressure on short drama enterprises. Support the provincial finance credit service platform to set up a financing matchmaking zone for micro short drama enterprises, explore the establishment of a short drama industry financing risk compensation fund pool, and encourage various financial institutions to combine the characteristics of the short drama industry to customize financial products pledged by corporate copyright, accounts receivable, income rights, cultural and creative product licensing, etc. for short drama companies. Give full play to the role of the financing coordination working mechanism for small and micro enterprises, give interest rates on eligible guaranteed loans for small and micro enterprises to start up small and micro enterprises in accordance with the prescribed standards, and project subsidies are given to those rated as provincial or municipal mass entrepreneurship support projects in accordance with regulations.