Editorial Summary

State-owned China Film Group is preparing for a public listing on the Hong Kong Stock Exchange, China Film chairman Yang Buting revealed in a conversation with the Beijing Youth Daily. Yang said the group has restructured its assets, personnel, and finances according to listing requirements. Currently, the group is conducting internal capital operations and external fundraising activities to increase its cash reserve. China Film has hired several financial firms including China International Capital Corporation (CICC) to advise on the listing. Yang revealed that the group has not yet decided which parts of the group will be listed on the stock market, although several options have been prepared. According to Yang, China Film will be the controlling shareholder of the listed company.