Notice Concerning Relevant Regulations for Establishing a Special Fund Supporting the “9550” Excellent Film Product Project.
All provincial, autonomous region and municipal radio and television (film and television) offices (bureaus), financial offices (bureaus), China Central Television:
According to Central leadership memos and the spirit of “agreeing to extract a part of funds from television income to support film development and […] earnestly realize the mutual support of film and television” in the State Council “Minutes of the Conference Researching Questions Concerning Television Work” (GAC No. 167), and after research it has been decided to establish a ministerial and provincial double-level “Special Fund Supporting the ‘9550’ Excellent Film Product Project” (hereafter simply named Excellent Film Product Fund). Also, the following provisions have been made:
I: The Excellent Film Production Fund is established by extracting a part of funds from television advertising income.
(1) China Central Television shall annually submit three percent from net television advertising income (net income after paying business tax, hereafter the same) to the Ministry of Radio, Film and Television (no less than 30 million Yuan every year) for transferral to a special bank account, in support of excellent film product production.
(2) All provincial, autonomous region and municipal provincial-level television stations shall annually submit three percent from net television advertising income to the provincial radio and television (film and television) bureau (office), for transferral to a special bank account, in support of excellent film product production.
(3) Whether or not plan-listed city-level and provincial capital-level television stations submit, shall be decided by all provinces and autonomous regions.
II, The Excellent Film Production Fund is to be used for support to excellent film product production, provinces, autonomous regions and municipalities not having film studios shall use the funds to support film shooting in the “One of Five Project”.
III, The Excellent Film Production Fund is a State financial fund, and shall be managed as part of the “State Film Undertaking Development Special Fund”. Funds must persist in using special bank accounts and using money for earmarked purposes. All provincial, autonomous region and municipal radio and television (film and television) offices (bureaus) shall before the end of every February, report the funding intake and use situation of the previous year to the financial administration of the same level, and report it upward at the same time. All levels’ financial administrations must strengthen supervision over the use situation of this fund.
IV, All levels’ television stations may not increase financial liabilities because of this Excellent Film Production Fund.
V, Administrative controlling authorities for filmmaking and film production enterprises shall draw aid from the establishment this Excellent Film Production Fund, which promotes the reform of film production mechanisms and shapes a sort of brand new film making mechanisms.
VI, These Regulations take effect on 1 January 1996.