Tycoons will discuss film policy regularly when a new industry association is set up in the next couple of months. The as-yet-unnamed body is being formed to represent investors' views of the film industry. Chairing the association for the first two years will be the head of Media Asia, Peter Lam Kin-ngok, who is also chairman of Lai Sun Development. Other tycoons involved include Albert Yeung Sau-shing, chairman of the Emperor Group, and Charles Heung Wah-keung, chairman of China Star Entertainment. A source close to the association said nine leading film companies - China Star Entertainment, Mandarin Entertainment, Filmko Entertainment, Mei Ah HK Company, Emperor Motion Pictures, Shaw Brothers, Golden Harvest, Media Asia and Universe Films - were initial members. The new association will actively offer opinions on various film-related issues, such as intellectual property rights. The source said it was important that investors' voices be heard. 'Some other industry associations, such as the MPIA [Motion Picture Industry Association], incorporate views from not just the investors, but also distributors. Their views are rather general, but this investors' association will be more specific.' The source said the media sometimes interviewed experienced, but not so active, filmmakers for their comments about the state of the industry. 'They are not the closest to the industry anymore. If the government or the media want to know about the film investment environment in Hong Kong, this new association will be more appropriate.' There are currently more than 10 associations representing various interests within the film industry, including film workers, actors and critics. MPIA chief executive Woody Tsung Wan-chi said that without dismissing the MPIA's achievements, an association purely for investors was healthy for the industry's development. 'These investors are usually working behind the scenes and people don't know much about them. It's good to have more different opinions and more focused opinion on investment. We are just one of the platforms for them,' said Mr Tsung. Director Alan Mak Siu-fai, however, thought such an association was unnecessary. 'I'm just worried that this investors' association might overpower other [film workers'] associations,' he said. 'Investors are already the most powerful when it comes to filmmaking and I believe they don't need to form an association in order to build a communication channel with the government. The bosses can talk to the government directly.'