The 5th Cross-Straits Cultural Industries Fair will be held from Oct 26 to 29 in Xiamen city, East China's Fujian province, officials said on Thursday.

The fair has so far attracted more than 500 entertainment, TV and movie companies from Taiwan for business opportunities with their mainland counterparts, Li Qiang, deputy secretary of the Fujian provincial government, said during a press conference in Beijing.

Li said that the four-day event will consist of exhibitions, forums to discuss cross-Straits cultural exchanges and folk art performances.

The fair will be held in Xiamen's International Conference and Exhibition Center, with a total of 3,000 booths for exhibitions, double the number last year.

Huang Qiang, vice-major of Xiamen, said an animation festival and a cross-Straits folk art fair will be held during the same period.

Huang said the fair is now the most important platform for improving cultural exchanges across the Straits.

Authorities are also expected to disclose new policies aimed at boosting the development of cultural industries for the two sides.