Government may invest in film industry

Joseph Wong Wing-ping, secretary for commerce, industry and technology, says it is possible the government could invest in filmmaking to help revive the industry in Hong Kong.

He also said the setting up of a film development council, announced in the policy address, might require the creation of a new directorate-grade civil service post.

Speaking on Metro Finance radio, Mr Wong said a report commissioned by the Film Development Committee is proposing the government set up a fund to help small and medium-sized productions.

'If, with the government's limited participation, say 20 per cent of the whole budget could be covered, it could help filmmakers finance the rest of the budget.'

'Investing in these projects could help groom young talent and improve the variety of films. If more people can participate in filmmaking it will also benefit the economy.'

Mr Wong said big, international projects would not be included.

The film industry earlier this year proposed the government finance up to 30 per cent of small and medium-sized projects.

While the industry welcomed the government's support, it remains wary of the involvement of public money in filmmaking.

'Making a better environment for the market by solving internet piracy and copyright issues should come first,' said Crucindo Hung, chairman of the Hong Kong, Kowloon and New Territories Motion Picture Industry Association.

The Film Development Committee, which has been studying the film industries in countries such as South Korea and Britain, is expected to release a report by the end of the year.