Creative accounting

"The fund places an emphasis on supporting the development of traditional music, opera and Chinese orchestras, as well as Chinese painting, calligraphy and seal carving, while promoting the localization of theater, opera, dance drama, musical and oil painting," says Wang Mingliang, director of the fund's management center.

Wang adds that they are keen on integrating the ideals, conviction and humanistic spirit of fine traditional culture with new artistic expression, and combining traditional Chinese aesthetics with that of modern generations.

According to Wang, since its establishment, the fund has sponsored more than 7,000 projects, including the creation of 1,234 major stage works, 484 fine arts projects, and 1,161 domestic and overseas exhibition and performance projects, as well as around 3,000 talent training and support projects.

Since 2021, it has accepted proposals from Hong Kong and Macao, subsidizing 38 projects by art institutions and individuals in the two special administrative regions, and has also been supporting young talent from Taiwan who work and study in the Chinese mainland.