June 8，Changfa Group, the largest local state-owned enterprise in Jilin Province, signed a strategic cooperation agreement with Great Wall Group, a well-known cultural and creative enterprise in Zhejiang，Co-initiated the establishment of "Changfa - Great Wall China Cultural 188bet Industry Investment Fund"，Total scale reaches 10 billion yuan。

Great Wall Group is a large-scale comprehensive cultural, 188bet and wellness enterprise group，Currently owns "Great Wall Film and Television (002071)"、"Great Wall Animation (000835)"、"Tianmu Pharmaceutical (600671)" three A-share main board listed companies and "Great Wall One Belt and One Road (00524)" H-share main board listed company，Won the key national cultural export enterprise jointly named by five national ministries and commissions for many consecutive years。

According to introduction，The fund will integrate culture、Travel、Sports、Technology、188bet Agriculture、Specialized town、Beautiful countryside and many other core elements of the cultural 188bet industry，Focus on investment in Jilin Province and Heilongjiang Province、Scenic spots along the high-speed railway lines in Liaoning Province and Inner Mongolia, as well as cultural 188bet projects being cultivated and incubated nationwide by the Great Wall Group。The fund will start from Changchun、Radiating Northeast Asia、For the whole country，Deeply explore Changchun City-Jilin Province-Three Northeastern Provinces-Northeast Asia Region-National Characteristic Cultural 188bet Industry Chain，Through the integration of industry and finance, the coordinated development of cultural 188bet industry from Changchun to the whole country will be finally realized。

Zhao Ruiyong, Chairman of Great Wall Group said，Will concentrate financial resources、Energy、Manpower accelerates the construction progress of fund implementation projects，Complete and operate as soon as possible，Combined with Changfa Group’s strong state-owned background resources、Strong financial strength、Market-oriented investment methods and Great Wall Group’s unique cultural, 188bet and wellness industry background、Resource integration capability、Market-oriented operation capabilities、Advantages such as listed company holding platform，Sharing resources through complementary advantages of both parties，Leverage the “four-in-one” industry chain aggregation capabilities，Finally achieve economic benefits、Double harvest of social benefits。

*Source of this article: Securities Times.com, original title: "Changfa Group and Great Wall Group jointly launched a tens of billions of funds to lay out the cultural 188bet industry》.