Executives including Jeffrey Chan, Chen Sijie, Lionsgate International's Wendy Reeds, Li Yansong and Allen Zhu will take part in a China summit conference at Cannes.
"Fast & Furious 7" added a further $17.4 million and remained in top position at the Chinese box office for the fourth week.
Huayi Brothers has signed a deal to install IMAX screens at three of its cinemas in China.
Bona Film Group saw net profits reach $4.9 million in the first quarter, outpacing revenues which doubled.
Alibaba, the Chinese e-commerce giant, ended the year with revenues up by 45% and profits up 26% at $5.64 billion.
Chinese Internet giant Baidu reported revenues up by 34% in the first quarter of 2015. Mobile now accounts for 50%.
Martial arts film would be first co-production between the two countries
"Fast & Furious 7" grossed $72.7 million in its second week at the Chinese box office -- an all time record
Sohu, the Chinese portal, games and search group, reported revenues up by a quarter in the first three months of the year. Losses stabilized.
Paramount Pictures is to hire a new general manager to head its operations in the booming Chinese market.
New theaters contract is in addition to existing commitments,