FDC to promote in three markets

Beijing, Singapore and Taiwan on the schedule for summer

HONG KONG -- The Hong Kong Film Development Council will kick off a series of business matching events in Beijing, Taiwan and Singapore beginning in July, FDC Secretary-General Wellington Fung said.

The three-day events, under the Hong Kong Film New Action initiative launched during Hong Kong Filmart in March, aim to bring together the new generation of Hong Kong filmmakers and investors in China, Taiwan and Singapore, and to promote the Hong Kong filmmaking brand.

"China is the most important market for Hong Kong productions at the moment, but other than that, we'd like to reclaim our traditional markets in Taiwan and Singapore, where the demands for Hong Kong films had declined in recent years," Fung told The Hollywood Reporter.

The business matching meetings in Beijing, planned tentatively for late July, will provide a platform for Hong Kong directors to align with Chinese investors, as well as for postproduction service providers in Hong Kong to meet Chinese production companies. Under the new Supplement VI of the China/Hong Kong Closer Economic Partnership Arrangement signed in May, Chinese productions are allowed to carry out their postproduction in Hong Kong.

"Hong Kong postproduction services are top-notch and we have the capability to provide one-stop services," Fung said. "Postproduction services in Hong Kong might be more pricey than in China, but the services are high-end."

The events planned for Taiwan in late September and Singapore in late November will also include a mini-festival to showcase Hong Kong films by new talent and more established Hong Kong filmmakers, instead of presentations by postproduction service providers.

The Film Development Council, under the Film Services Office that has been newly absorbed into the government department for creative industries named Create Hong Kong, will continue to oversee the HK$300 million ($38 million) Film Development Fund. Since the establishment of the fund in October 2007, 13 films and 16 film-related projects had been approved and granted a total of HK$42.7 million.