On the afternoon of May 9th, a delegation from the Cheung Kong Graduate School of Business in Beijing visited Hanhai Studio and participated in a spirited discussion on U.S.-China film investment with Kelly Zhang, COO of Hanhai Studio.
The delegation members are all MBA Finance students. They come from different provinces and cities in China and are in the finance and investment industries. Kelly Zhang introduced Hanhai Studio as the first pioneering Hollywood-Chinese creative production and technology incubator in the U.S. Delegation members are all interested in the operations and business methods of Hanhai Studio.
In the discussion, delegation members mentioned the most profitable films are Hollywood blockbusters. However, Chinese investors often are not exposed to these kinds of investing opportunities. On the other hand, Hollywood blockbusters always have sufficient investing, but often meet challenges like film regulations and market shares when entering China. Therefore, Hollywood blockbusters also need resources from China. On the investment information asymmetry between the U.S. and China, Kelly said, “Hanhai Studio is an incubator and the bridge between two countries. We have enormous information reserves and will bring the information to both countries.”
Kelly Zhang also mentioned that Hanhai Studio has successfully hosted a recent industry panel discussion on U.S.-China Film Investment and Co-Production and the Globalization of Chinese Films during the 6th Beijing International Film Festival in April, as well as a “Night of Beijing-Hollywood” Social Mixer. Through these two events, Hanhai Studio has agreed with Chinese investment companies to establish a fund, gathering resources from China and the U.S. This effort will feature immediate delivery of information to investors and thus efficiently combine investment companies from both countries.
“We have learned a lot through today’s discussion,” offered the members of the Cheung Kong Graduate School of Business, “including the operations and methods of U.S. cultural creative companies, film financing and investment, and the future of U.S.-China co-production.”