Xinhua News Agency, Nanjing, March 5 Following the release of the "Ten Films" on February 19 to support the film industry, Jiangsu Province once again issued detailed rules on "strengthening financial support." The reporter learned from the Jiangsu Film Bureau on the 5th that the provincial film fund will arrange 10 million yuan to provide discount subsidies to eligible film loan projects.
Jiangsu is an important movie "ticket warehouse". There are 972 theaters in the province. The box office revenue in 2019 exceeded 6 billion yuan, ranking second in the country. In order to reduce the impact of the epidemic on the industry, eight departments including the Propaganda Department of the Jiangsu Provincial Party Committee and the Jiangsu Film Bureau jointly issued the "Policies and Measures to Support the Province's Film Industry in Response to the Impact of the New Coronary Pneumonia Epidemic to Promote Stable and Healthy Development." That is, the "Ten Films", from the implementation of tax incentives, strengthening financial support, optimizing the collection and use of film exclusive funds, reducing corporate rent costs, and granting vocational skills training subsidies to help the film industry tide over the difficulties.
On this basis, the Jiangsu Provincial Film Bureau and the Provincial Department of Finance recently jointly issued the "Notice on Doing a Good Job in Film Loan Financial Discount Work", detailing the "strengthening of financial support" involved in the "Ten Films".
It is reported that the Jiangsu Provincial Film Fund will arrange 10 million yuan for film loans issued by legal financial institutions from July 1, 2019 to June 30, 2020, with a certain percentage of interest subsidies. Specifically include: film loan projects filed in Jiangsu Province; loan projects for new theaters and equipment renovation; loan projects for film and television base locations, studios, application of advanced technology and equipment, and renewal and transformation equipment; film post-production undertaken by enterprises in the film and television base Loan project. Reporters interviewed by
learned that all regions have begun to implement policies. For example, Nanjing has issued the "Nanjing Implementation Guide for Jiangsu's "Ten Articles" Enterprise Handling Guidelines" to guide enterprises to quickly handle policies in terms of policy interpretation and handling procedures.
The province also specifically requires that the amount of credit in the film industry in 2020 is not lower than the level of the same period last year, and film companies with development prospects and temporarily affected by the epidemic shall not blindly draw, cut off or suppress loans. Units and related responsible personnel that detain, withhold, or misappropriate interest subsidy funds, as well as fraudulently obtain interest subsidy funds by means of false reporting, fraudulent collection, etc., will be dealt with strictly in accordance with laws and regulations.
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