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Film Finances Poised to Bring Completion Bonds to China

19 January 2015 6:00 AM, PST | Variety - Film News | See recent Variety - Film News news »

Shanghai – Leading movie finance company Film Finances Inc. plans to bring modern financing to China, with the opening Monday of a Shanghai branch office.

The company’s Film Finances China Cultural Services office is set up within the Shanghai Free Trade Zone, launched by the city government two years ago.

The unit will be headed by former independent producer, April Ye, set as China CEO.

“The product we offer does not currently exist in China and yet hundreds of films get made here,” said Ffi co-chairman Steve Ransohoff. “Nevertheless, what we aim to do here is to help producers to access capital and provide security to financiers.”

“We aim to make a significant contribution and have a professional impact on the Chinese film industry,” said Ye. “We will do this through improvements to production execution, through the creation of a credit system, which will in turn create a virtuous cycle »

- Patrick Frater

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