Hong Kong Government Overhauls Film Funding With “Production Financing Scheme 2.0”

deadline.com:

The Hong Kong Film Development Council (HKFDC) has revamped its film financing program with the launch of a new scheme to support the local industry through a bumpy post-pandemic market.

The new scheme, “Film Production Financing Scheme 2.0”, is already active and enhances the “Relaxation Plan” that HKFDC introduced during the height of the pandemic in mid-July 2020.

Hong Kong film production ground to a halt during the pandemic, due to stringent border controls and anti-Covid measures, and while the industry has been busy for the past few years, the market has not recovered to pre-pandemic levels.

The Relaxation Plan aimed to increase local film production and create more jobs and development opportunities. It has funded 23 Hong Kong film projects, including A Guilty Conscience, which grossed $12.8M (HK$100M) in 2023 and is now the second highest-grossing film ever at the Hong Kong box office.