1999/11/13    The following 2 issues were addressed via email by Mr. Joseph Lai to Mr. Wouter Barendrecht, Director of the Hong Kong - Asian Film Financing Forum

• When selecting the filming Projects, consider to adopt the following priority:
  - entire Hong Kong production projects,
  - production projects from Mainland China,
  - production projects from other Asian countries with Hong Kong elements, such as creating jobs for our HK professionals, like recruiting our directors, script-writers, talents, etc., filming location in Hong Kong, using HK's filming facilities, like equipment & film processing, using HK's other services, like banking, technology, etc.,
  - production projects from other part of the world with Hong Kong elements, such as creating jobs for our professionals, like recruiting our directors, script-writers, talents, etc., filming location in Hong Kong, using HK's filming facilities, like equipment & film processing, using HK's other services, like banking, technology, etc.,
  - other projects without Hong Kong elements.
  Credits or special attention might be given if a project has international marketing approach.

• When matriculating the Film Financing, emphasize the following aspects:
  - Strengthening the existing ways such as co-financing a film production with independent entrepreneurs from Mainland China & Taiwan.  For this part I'll let MPDA's member Mr. K.K. Wong inform us more solid outcome.
  - Introducing innovative & possible ways to collaborate the filming & financing, such as:
  • Introduction of Completion Bond System,
  • Promotion & Pre-sale Stage of a Film Production,
  • Loans from Banks basing on presenting Sales Contracts,
  • Ways of Looking for Solid Financing,
  • How to encourage our local banks & financial institutions to finance local productions,
  • Breakthrough of our Traditional Ways of Local Productions & Production Management,
  • Production & Film Quality Control, etc.

For this part we need to have expertise & consultation especially from U.S.