The National Film Administration recently issued management regulations encouraging service providers from Hong Kong and Macau to invest in and establish film production companies in mainland China to carry out film production business. The full text of the regulation is as follows: Regulations on the Management of Investment in Film Production Business by Hong Kong and Macao Service Providers. In order to further deepen film cooperation and exchange between the mainland, Hong Kong Special Administrative Region, and Macao Special Administrative Region, and promote film creation and production, this regulation is formulated in accordance with relevant laws and regulations such as the Film Industry Promotion Law of the People's Republic of China and the Film Management Regulations, and in accordance with the relevant provisions of the "Agreement on the Revision of the Service Trade Agreement between the Mainland and Hong Kong on the Establishment of Closer Economic and Trade Relations" and the "Agreement on the Revision of the Service Trade Agreement between the Mainland and Macao on the Establishment of Closer Economic and Trade Relations". 1、 The state encourages service providers from Hong Kong and Macau to invest in and establish film production companies in mainland China to carry out film production business. 2、 Service providers in Hong Kong and Macau, in accordance with relevant regulations such as the Foreign Investment Law of the People's Republic of China and the Regulations on the Administration of Market Entity Registration of the People's Republic of China, shall establish film production companies (hereinafter referred to as "Hong Kong Macau Investment Film Production Companies") in mainland China to carry out film production business, and this regulation shall apply. 3、 The films referred to in these regulations include story films, animated films, educational films, documentary films, special films, virtual reality films, and other types. 4、 Hong Kong and Macao investment film production companies can act as the first production unit, and submit applications for project approval and review of films. The application procedures and material requirements refer to Articles 9, 10, and 15 of the "Regulations on the Administration of Chinese Foreign Cooperative Film Production". 5、 When applying for the filing of domestic films, if the Hong Kong and Macao investment film production company is a joint production unit, or if a domestic film that has obtained a filing receipt intends to add a Hong Kong and Macao investment film production company as a joint production unit, the application procedures and material requirements for filing and review shall refer to the current management measures for domestic films; If it is proposed to change the first production unit to a Hong Kong and Macao investment film production company, corresponding procedures such as project approval and review must be supplemented in accordance with Article 4 of these regulations. 6、 With the approval of the market supervision and management department, existing Hong Kong and Macao investment enterprises can handle corresponding additional items in their business scope and carry out film production business. 7、 This regulation shall come into effect from the date of its promulgation. (New Society)