Financial Secretary John Tsang said an additional HK$200 million into the Film Development Fund to boost local film production. It is expected to enhance funding arrangements and introduce a subsidy scheme for film productions with a budget not exceeding HK$10 million, subject to a subsidy ceiling of HK$2 million.
Tsang will also raise the production budget ceiling of the Scheme for Financing Film Production from HK$15 million to HK$25 million. To identify new talent for the film industry, the government will relaunch the First Feature Film Initiative with increased subsidies on production costs.

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