Shandong introduces film support policies to form a film group

It was learned from the Shandong Province Department of Finance that Shandong recently issued the "Implementation Opinions on Certain Economic Policies to Support Film Development"(hereinafter referred to as the "Opinions"), supporting the establishment of Shandong Film Group and allowing social capital to participate in the restructuring and operation of state-owned film production institutions.

It was learned from the Shandong Province Department of Finance that Shandong recently issued the "Implementation Opinions on Certain Economic Policies to Support Film Development"(hereinafter referred to as the "Opinions"), supporting the establishment of Shandong Film Group and allowing social capital to participate in the restructuring and operation of state-owned film production institutions.

A relevant person from the Shandong Province Department of Finance said that Shandong will give priority to the province's film industry projects and seek central financial support. From the special funds to support the development of cultural industries and cultural publicity undertakings, a certain amount of funds are specially arranged every year to support film industry projects. Financial subsidies will be given to film companies that have implemented the "replacement of business tax revenue from value-added" policy and increased the average monthly tax burden by more than 10,000 yuan. Provide preferential tax support for the development and production of derivative products of film companies.

In order to encourage social capital investment. The "Opinions" stated that Shandong will further clean up and cancel unreasonable administrative approval matters, allow social capital to participate in the restructuring and operation of state-owned film production institutions, cultivate intermediary institutions, and promote the integrated development of film creation, production and distribution transactions. Promote the use of PPP models and investment funds to attract social capital investment, build film facilities, and develop film products. Encourage cross-regional, cross-industry, and cross-ownership mergers and reorganizations of film companies, support the development of key film companies by injecting funds and transferring assets, and promote the listing and financing of film companies. Support the establishment of Shandong Film Group and improve the level and level of development of Shandong film industry.

In terms of financial support, Shandong will provide loan interest subsidies for key government-supported projects of film companies, encourage banks to strengthen cooperation with investment institutions, and provide comprehensive financial services to film companies; support overseas mergers and acquisitions and overseas investment by film companies, optimize investment and financing Foreign exchange and RMB services, cancel prior approval and approval of banking guarantee contracts, and make good use of policies such as overseas lending, cross-border RMB, centralized operation of foreign exchange funds, cross-border guarantees, and overseas bond issuance; Support film companies in direct financing, issue corporate bonds, corporate bonds, etc., and make good use of various debt financing instruments.

In addition, in view of the particularity of cinemas cultural positions, Shandong implements differentiated land use policies for theater construction such as agreements and listings.