the Chinese art market white papers: the Chinese art market annual report (2010), bathing in the West, China Bookstore publishing house
A few days ago, by the Ministry of culture market development center, China Academy of art market jointly issued the white paper on Chinese art market: China art market annual report (2010) displays, art rapid development of capital market in China, and the corresponding regulation of capital markets have been on the agenda.
The Chinese art market white paper is published by related departments of the Ministry, into a series of policy-oriented research report, coordinated by the famous art market experts West Mu and lead author. White paper under new century ten years China art market of some reflection, and China Gallery industry development situation and evaluation report, and China art market development situation and evaluation report, and China art capital markets exhibition situation and evaluation report, and China art auction market development situation and evaluation report, and China contemporary art market development situation and evaluation report, 6 a aspects comprehensive, and system and and in-depth to discussion has China art market of development situation, explained and revealed has China art market is transformation entered a new of development period, and in capital promote Xia became world art market of a new highlights.
The white paper points out that, Chinese art auction market and capital market in support of interlaced with each other, exposed by the subtle continuously towards the development of capital markets, growing in the market and social influence in the process of further strengthening, capital of the platform for the strategic orientation of mass movements has become increasingly obvious.
Country's art capital market development and morphological evolution and development of modern economic development needs, the Chinese art market make a big, strong and important initiatives. Future financial structure should be Chinese works of art is a platform on the capital markets system, all the financial intermediaries in operation on this platform, and is based on the capital market for Chinese art is a modern financial system of the financial system. Its goal is to maximize the use of open capital markets to promote the interests of the Chinese works of art and the development of the Chinese art market, to carry forward the spirit of national culture, national soft power; minimize artwork adverse effects on the financial stability of capital markets in China. Its function is to maintain the art capital of China's normal flow of dispersing risks of Chinese art market, through a variety of portfolio risk flows up. Promoting wealth growth, maintaining sustainable growth of Chinese art market. The basic system is to meet the needs of the Chinese art market development, development of multi-level capital market.
&Amp;nbsp; one is the “ lateral ” level, including the art of asset-backed securities market, the bond market, property market, futures market, the financial derivatives market, medium and long term credit markets, and so on. Second, “ longitudinal ” level.
Chinese art of various components of the capital market in order to meet different customer needs, can be broken down into different levels of the market, such as the various levels of stock markets, bond markets, property market and financial derivatives market, and so on.
&Amp;nbsp Sai Mu told journalists, after 20 years of development, Chinese art capital markets to take shape, but because of the market mechanism does not sound, market environment, the relevant standard-setting, and capital operation, the exit mechanism, does not sound, so art relatively slow development of capital markets, there is an urgent need to innovation system theory research and practice. Development of Chinese art of capital markets in addition to the appropriate institutions and policies have a certain risks, and more importantly at the operational level there were some difficulties or risks, the most outstanding performance in three major areas:
First, the current art market imitations flooded, identification is critical. China art accreditation also lacks credible authority, exchanges, fidelity cannot be done as works of art.
&Amp;nbsp and, secondly, as the assessment is based on the degree of market identified at this stage to determine, late risks will increase. At present, there is no agency or unit in China to Chinese art valuation established a very sound system and mature approach and community-oriented services, and higher or lower value will cause a distortion of the art market investment, causing negative boot on the market.
Finally, select a different mode of art trading operations, mainly to market liquidity problems, but it is also a work of art most vulnerable to the risk of runaway in the early development of capital markets.
As works of artMarket development of civil and social characteristics of popular character, also led to the Chinese art of capital market in China is not monopoly and regulation a junior open. At the same time, this situation also faced more problems to give early attention and attention. Now, the art capital market in China's biggest problem is how to code for innovation and sustainable development, management, supervision, on the basis of ever-bigger, stronger.
Currently, to focus do following several aspects of work: a is in system theory research of Foundation Shang further do corresponding of strategy research and development of planning; second is around art assets of, and property of, and financial of of main line, specification and development to art share of, and class securities into main of resources elements sexual capital markets, to further promote China art market capital of, and socialization, and popular of pace; three is actively innovation and boot China art market in the civil capital investment of form and main cultivation, vigorously development various various form of Fund and the institutions sexual investment, to effective to integration civil of forces for implementation national culture strategy service.
China art market white paper under research display, China art market more to is using civil of forces in constantly promote and development of, China art capital markets from currently view is only without tight supervision and monopoly of capital markets, for this, in improve awareness and explore law of while, focus do two a aspects of work: a is established corresponding of supervision institutions, early can established across sector, and cross of ministries joint work group or Office, on national culture art industry of development problem for unified of supervision, in time mature Shi, unified established of corresponding of supervision Management Committee, unified exercise was bar segmentation of function. Second, as soon as possible, research and introduction of national approaches to management and relevant policies and measures, finds the problem, solve the problem, regulate the market, cultural art market along the direction of healthy, orderly and sustainable development. Only in this way, we can more effectively integrate all aspects of art and the market resources for rejuvenation of the Chinese culture and make active efforts.
