Many new enterprises of Luohu demonstrate the district’s achievements in developing its cultural industries, and providing public cultural services.

The companies in the cultural industry pay special attention to developing and protecting their own intellectual property rights, and combining their business with other characteristic industries of Luohu, such as the jewelry and technology industries.

The Shenzhen Copyright Service Center, which is located in Luohu, is a comprehensive service system integrating functions of copyright registration, protection and transaction for enterprises and industrial parks.

With the introduction of the copyright industry, many traditional enterprises in Luohu have realized that copyright is a new growth point for their transformation and development. The protection of copyright has given the cultural industry more initiative.

With the Copyright Service Center, copyrights can be traded and serve as collateral to obtain financing. In order to effectively resolve the difficult and expensive financing problems of cultural and creative enterprises, Luohu encourages enterprises in its jurisdiction to pledge their intellectual property for financing, and provides 70% of the actual financing costs to participating enterprises.

This means that the high-quality copyright of cultural and creative enterprises can be used as financing assets in Luohu.

Statistics show that in 2020, Luohu had more than 500 medium- and large-scale enterprises in cultural and related industries, whose total annual revenue reached more than 70 billion yuan ($10.82 billion).

In the district, there are 10 cultural industrial parks, including two national-level industrial parks and one provincial-level industrial park.

Last year, the overall added value of cultural and related industries in Luohu was around 15.71 billion yuan, accounting for 6.6% of the district’s GDP.

The Luohu district government always regarded a developed cultural industry as a defining part of the all-embracing hub of the Greater Bay Area that it aims to build itself into.