China to boost domestic film industry

0 CommentsPrint E-mail Xinhua, January 26, 2010
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China is to channel more financial resources and legislative efforts to promoting its film industry, an official document made public Monday said.

The General Office of the State Council, or cabinet, issued a guideline, putting forward ten primary initiatives to boost China's film industry.

This guideline is now available on the official website of China's central government,

The initiatives include, among others, providing more financial support to Chinese film industry.

The guideline urges more financing access and diversified financial services for domestic films, such as encouraging film companies to issue bonds or apply for loans to raise money.

Eligible state-owned film companies may take steps to get integrated and listed on the stock market, the guideline said.

According to guideline, the government also welcomes investment from various sides in this sector.

Moreover, the government will push the legislation and enforcement of laws and regulations to boost China's film industry.

The guideline said that the government will make more efforts to regulate online film screening, crack down on illegal activities in the film industry such as smuggling and pirating.

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