Established in April， 2004, China Arts and Entertainment Group (CAEG) is the first large state-owned cultural enterprise approved by the State Council, restructured on the format of the China Performing Arts Agency and China International Exhibition Center.

CAEG is funded by the State Council, policy-guided by the Ministry of Culture and supervised by the Ministry of Finance in its state property operation. CAEG consists of 19 wholly owned enterprises including China Performing Arts Agency (CPAA) and China International Exhibition Center (CIEG), two share controlling enterprises and one share holding enterprise. As the CAEG's core companies, both CPAA and CIEC have a history of more than 50 years. Being the sole organizations in China that manage global business, CPAA and CIEC have been the largest worldwide providers of Chinese performing arts and visual arts, as well as China's biggest presenters of international performances and arts exhibitions. Over the past decades, CPAA and CIEC have undertaken governmental cultural exchange projects, as well as organized commercial tours of performances and exhibitions both at home and abroad. During the recent two-and-a-half years alone, CAEG has arranged 256 overseas performances and exhibitions, among which 216 performing arts troupes have presented more than 14,000 performances in nearly 60 countries and regions with an audience of 20 million.

CAEG owes its establishment to China's deepening reform and opening up policy. As the country's cultural business leader, CAEG will continue to serve as the main official channel for cultural exchanges with foreign countries.