State Council Issues Regulation on Film Industry

Home>>Business

Last updated at: (Beijing Time) Tuesday, January 01, 2002

State Council Issues Regulation on Film Industry

Xinhua was authorized to publish Sunday a regulation issued by the State Council about the management of the film industry. The new regulation, aiming at strengthening supervision of the industry, will go into effect as of February 1, 2002. At the same time, the country will abolish its current management regulation.

New regulation issued

Xinhua was authorized to publish Sunday a regulation issued by the State Council about the management of the film industry.

The new regulation, aiming at strengthening supervision of the industry, will go into effect as of February 1, 2002. At the same time, the country will abolish its current management regulation concerning the film industry which was issued by the State Council on June 19, 1996.

Detailed requirements

According to the new regulation, which comprises eight chapters and 68 articles, enterprises, governmental departments and social organizations as well as individuals are allowed to invest in film production, building new cinemas, and cinema reconstruction.

Apart from film studios, no domestic organization or individual is allowed to carry out film production cooperation with overseas film producers, according to the regulation.

Meanwhile, overseas film producers and individuals may cooperate with domestic film studios on film production, but are forbidden to solely conduct film production in China.

China's Film Industry to Reform

To meet the economic globalization and China's WTO accession, China will seize every opportunity possible to expand the radio, TV and film industries.

The focus of the reform is to explore the chain theater system, to break regional barriers and unreasonable market monopolies, and to establish a framework of multiple distribution channels.

China plans to establish six large group companies in the next five years aimed at concentrating capital and human resources to meet the international standards.

And foreign investors will be allowed to participate in the construction and renovation of movie theaters as long as their investment does not exceed 49 percent.

The continuous development of China's broadcasting and film industries cannot be separated from exchanges with our counterparts in other countries.

Chinese Film Giant Calls for Bids for Hit-Related Advertisements

HK Hosts Workshop on Computer Animation for Film Industry