In a significant move to boost the film industry, the Chinese mainland has unveiled a new policy inviting investors from Hong Kong and Macao to establish film production companies.
The China Film Administration announced that service providers from Hong Kong and Macao are now encouraged to invest in a variety of film productions on the Chinese mainland. This includes feature films, animated movies, documentaries, scientific and educational films, and even virtual reality projects.
Under the new guidelines, film production companies funded by investors from Hong Kong or Macao can be designated as the primary production entity of a film. Existing enterprises from these regions can also apply to expand their business scope to include film production, pending approval from relevant market regulation authorities.
The initiative aims to strengthen cross-regional collaboration and stimulate innovation within the film sector. By fostering closer ties, the policy is expected to contribute to the growth and prosperity of the Chinese-language film industry.
This opening of doors presents exciting opportunities for filmmakers and investors alike, promising a new era of creativity and cooperation in the region’s cinematic landscape.
