Miao Muyang, director of the Industrial Development Department of the Ministry of Culture and Tourism, said while attending the Cultural Finance Forum at the 2026 Financial Street Forum Annual Meeting on October 22 that under the new paradigm of “creative leadership and human-computer collaboration”, data and models are gradually becoming new production factors, and data assets with clear ownership and compliance assessments are becoming certified, measurable, and tabulated production materials. In response to current bottlenecks such as lagging valuation infrastructure construction and a “cycle mismatch” between cultural products and financial products, he said that the cultural tourism department will take the initiative and act as a “sight” for policy implementation, ascertain the real needs of the cultural sector, clarify the cultural asset base, and clear bank-enterprise matchmaking channels, so that financial capital can “be understood, entered, and retained.” Specifically, it will accelerate cultural data capitalization and IP rights registration, help cultural enterprises turn invisible assets such as ideas, copyright, and data into “clear accounts,” and cooperate with relevant departments to improve risk sharing and compensation mechanisms.

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