Approved by China's State Council, the China Arts and Entertainment Group (CAEG) was set up in April 2004 on the foundations of the China Performing Arts Agency (CPAA) and the China International Exhibition Agency (CIEA), both formerly under China's Ministry of Culture. As the first large-scale state-level arts and entertainment association, the CAEG has the China State Council as investor, and the Ministries of Culture and Finance as administrative supervisor and state-assets supervisor respectively.