LOS ANGELES — Jackie Chan and Chinese financier Qi Jian Hong have teamed to form a new entertainment group JC International which is set to finance, produce, co-produce and distribute filmed entertainment for the Chinese and world markets.

The new venture will be headed by Kaili Peng, the Los Angeles-based widow of top Taiwanese director Edward Yang.

The company said that it will “develop compelling stories targeting the growing urbanized Chinese market,” in association with American and European studios. It will also provide finance to co-production partnerships worldwide.

No project or productions have been announced.

Chan is already an active producer of many of his own film ventures through his JC Entertainment company.

“This new venture represents a fantastic opportunity to play a part in the entertainment landscape of the growing Chinese market and ever-diversifying global film marketplace,” Chan said in a statement.

Peng is known as a journalist, novelist and TV host. She also scored, performed, served as music supervisor, and collaborated on Yang’s acclaimed “A One And A Two” (Yi Yi).