On June 19, 2014, seven departments including the Ministry of
Finance, National Development and Reform Committee, People's
bank of China, State Administration of Radio Film and Television
jointly announced "The Notice of Economic Policies Supporting
the Development of Film Industry" ("Notice").
Comparing with earlier policies, the recent policies have provided
support in taxation, financing, and land use with full
consideration of each step along the movie production chain. The
main points of the "Notice" include:
- One hundred million dollars to support boutique
movies: According to the "Notice", not only
would the government enhance the use and management of film related
funding, it will also increase the support towards boutique movies.
The Central Ministry of Finance will continue to arrange specific
funding for boutique movies to foster its production. Each year,
one hundred million dollars will be granted to support 5 to 10
influential movies which have passed
