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"Chinese clients regard value-added services as important and we are hoping to bring a comprehensive range of products and ideal solutions to core customers. This will not only bring us more customers but attract more companies and individuals to our brand," he said.

"Chinese e-commerce firms have been rapidly increasing their presence in the global market," said Feng.

"Competition in the field of culture investment is going to be increasingly fierce, and for investors, knowledge, expertise and insight into the sector is important for choosing the right projects and funds," said Wang Jipeng, a partner in Oriza FOFs Investment Management and investment partner in United Media FOFs.

"Concrete efforts should be made to ensure that those with merit and contributions gain respect and benefits," Li said. He called for China's strength in science and technology to be built up, and urged increasing basic scientific research, diversifying investment in research and development, boosted integration of basic and applied sciences and enhanced innovative ability.

"China's film industry is very mature, the music industry is an emerging economy, and there are a lot of opportunities. A lot of music artists can benefit by having a collaborator in the US where the music industry is very mature," he says.