HONG KONG — Helmer Gordon Chan, president of the Hong Kong Film Directors’ Guild, will oversee a committee that will poll the local industry on how best to use a $38.5 million film development fund promised by the government.
Peter Lam, who is chairman of Lai Sun Group and Media Asia, is overseeing the committee for the mainland market.
Hong Kong Film Festival Society chairman Wilfred Wong will head the committee for fund approval; and Jack So will head the government service committee. So was the former deputy chairman and group managing director for telecom PCCW.
The government has set aside $38.5 million to help finance small- to medium-budget films. It has been proposed that budgets for individual projects shouldn’t exceed $1.5 million and the new government fund would give as much as 30% of the production budget, which is a maximum of $461,538 per project.
The Film Development Council is tasked with advising the secretary for commerce, industry and technology on how to handle the new coin.