A newly launched “China Europe Film Fund” will invest in no fewer than ten movies co-produced by China and Europe in five years. 

The fund, with a 100 million euros ($106.4 million) investment for the first phase, was initiated at a press conference in Beijing on Nov 3.

Wild Bunch, a film production company headquartered in Paris, signed a cooperation protocol with China Film and TV Capital, a fund mainly investing in the film industry.

The China Europe Film Fund arose from the Sino-French cultural exchange during French President François Hollande’s visit to China on Nov 2 and 3. It’s devoted to developing and funding films and entertainment programs co-produced by both sides.

Zhou Maofei, director of the State-owned Cultural Assets Supervision and Administration Office of Beijing Municipal People’s Government (SOCASAO), gives a speech at the “China Europe Film Fund” press conference in Beijing on Nov 3.

Frédérique Bredin, president of the French cinema agency CNC, and Zhang Hongsen, director general of the film bureau affiliated with the State Administration of Press, Publication, Radio, Film and Television, together presented the event.

China Film and TV Capital was launched by Beijing Cultural Investment and Development Group Co Ltd, the China Film Foundation, and CITIC Asset Management Co Ltd in April 2014.