Recently, the Ministry of Culture, People's Bank of China and the Ministry of Finance have jointly released a Notice on "Further Promote Culture and Financial Cooperation" with the intention to provide guidance for future efforts in promoting culture and financial cooperation. ANBOUND think tank scholars believe that the priority of pushing forward culture and financial cooperation lies on the culture system mechanism and low cost innovative business model. In addition, be alert of regulatory arbitrage under the name of culture financing when promoting culture and financial cooperation, especially the so-called cultural real estate and the pilot zone for culture and financial cooperation.