Chinese films are not just lighting up domestic screens; they’re making a significant impact overseas, boosting confidence in Chinese assets globally. Blockbusters released in recent years have captivated international audiences, signaling a new era for Chinese cinema on the world stage.
The animated sensation “Ne Zha”, released in 2019, broke records as one of the highest-grossing animated films in China and made waves internationally. It was China’s official entry for Best International Feature Film at the 92nd Academy Awards, showcasing the global appeal of Chinese storytelling.
Meanwhile, films like “The Eight Hundred” and “Hi, Mom” have also found success beyond China’s borders. “The Eight Hundred” became the highest-grossing film worldwide in 2020, while “Hi, Mom” resonated with audiences with its heartfelt narrative, becoming one of the highest-grossing films globally in 2021.
This overseas success has caught the eye of international investment banks. Institutions like HSBC and Deutsche Bank have upgraded their ratings for innovative Chinese enterprises, contributing to the valuation recovery of the MSCI China Index. Analysts suggest that the triumph of these films not only enhances the international influence of Chinese culture but also bolsters global investors’ confidence in the Chinese market.
Market experts predict that the overseas box office achievements of Chinese films will elevate the global valuation of related A-share listed companies. Chinese film sector stocks have seen significant gains, with companies like Beijing Enlight Media and China Film Group Corporation posting strong performances.
The global rise of Chinese cinema is more than just entertainment; it’s a cultural movement that’s reinforcing China’s position in the global market. As Chinese films continue to win hearts worldwide, they are paving the way for greater economic confidence and investment in Chinese assets.
