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China Arts and Entertainment Group (CAEG), was created on April 5, 2004 with the merger of the China Performing Arts Agency (1957) and the China International Exhibition Agency (1950) to become the largest state-owned creative enterprise in China. It was a major step to transform Chinese cultural and art institutions into modern enterprises. CAEG is under the administration of the Minister of Culture. The group consists of 19 wholly owned enterprises, two shareholding enterprises and one Stock company.
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