BEIJING – The central authorities have introduced new rules that allow service providers from the Hong Kong and Macau special administrative regions to establish film production companies on the mainland, as part of efforts to deepen industry cooperation and boost filmmaking.
The regulation, issued by the China Film Administration, allows qualified investors to set up and operate production firms under the Chinese mainland’s existing foreign investment and business registration frameworks. These companies will be allowed to produce a wide range of content, including feature films, animation, documentaries, and virtual reality productions.
Newly established firms may act as lead producers and apply for project registration. Existing Hong Kong- or Macau-invested enterprises may also apply to expand their operations to include film production, pending regulatory approval.
The measure, which took effect yesterday, follows recent revisions to service trade agreements.
– Xinhua
