Foreign Achievements of Chinese Movies Lift Confidence in Chinese Investments
A celebration of Chinese cinema showcased during the Spring Festival holiday has not only enthralled local viewers but is also gaining considerable attention abroad. This phenomenon is invigorating the Chinese film industry and offering strong backing for the growth of Chinese assets.
TroibNews 
A range of Chinese films released during the Spring Festival holiday has not only thrilled domestic cinema-goers but is also making waves internationally. This phenomenon is invigorating the Chinese film industry and providing strong support for the growth of Chinese assets.
The record-breaking animated hit "Ne Zha 2" is set to officially debut in several overseas markets, including Australia, New Zealand, South Africa, and Japan, starting Wednesday. In North America, presale tickets are experiencing high demand, with occupancy rates surpassing 90 percent. As of Wednesday, the film had already amassed over 9.7 billion yuan, positioning it within the top 20 of all-time global box office rankings, as reported by industry tracker Maoyan Pro.
In addition, "Creation of the Gods II: The Battle of West Qi" has launched in 16 countries and regions, leading the box office in Australia and New Zealand for four consecutive days and topping the non-English film box office in North America from January 31 to February 2. The highly anticipated "Detective Chinatown 1900" saw its premiere tickets in Madrid, Spain, sell out in a mere 10 minutes.
The overseas achievements of these Chinese films have attracted the attention of international investment banks. Institutions like HSBC and Deutsche Bank have raised their ratings for innovative Chinese enterprises, contributing to the recovery of the MSCI China Index, according to huanqiu.com. These banks assert that the remarkable success of "Ne Zha 2" has not only amplified the international presence of Chinese culture but has also reinforced global investors' confidence in the Chinese market.
Market analysis indicates that the international box office success of Chinese films will boost the global valuation of related A-share listed companies. Following the trend, stocks in the Chinese film sector saw significant increases at market opening on Thursday, with Beijing Enlight Media rising over 10 percent, Bona Film Group climbing more than 7 percent, and companies like Hengdian Film and China Film Group Corporation also showing gains, as reported by Southern Finance, a Guangzhou-based media outlet.
Mathilde Moreau contributed to this report for TROIB News
The record-breaking animated hit "Ne Zha 2" is set to officially debut in several overseas markets, including Australia, New Zealand, South Africa, and Japan, starting Wednesday. In North America, presale tickets are experiencing high demand, with occupancy rates surpassing 90 percent. As of Wednesday, the film had already amassed over 9.7 billion yuan, positioning it within the top 20 of all-time global box office rankings, as reported by industry tracker Maoyan Pro.
In addition, "Creation of the Gods II: The Battle of West Qi" has launched in 16 countries and regions, leading the box office in Australia and New Zealand for four consecutive days and topping the non-English film box office in North America from January 31 to February 2. The highly anticipated "Detective Chinatown 1900" saw its premiere tickets in Madrid, Spain, sell out in a mere 10 minutes.
The overseas achievements of these Chinese films have attracted the attention of international investment banks. Institutions like HSBC and Deutsche Bank have raised their ratings for innovative Chinese enterprises, contributing to the recovery of the MSCI China Index, according to huanqiu.com. These banks assert that the remarkable success of "Ne Zha 2" has not only amplified the international presence of Chinese culture but has also reinforced global investors' confidence in the Chinese market.
Market analysis indicates that the international box office success of Chinese films will boost the global valuation of related A-share listed companies. Following the trend, stocks in the Chinese film sector saw significant increases at market opening on Thursday, with Beijing Enlight Media rising over 10 percent, Bona Film Group climbing more than 7 percent, and companies like Hengdian Film and China Film Group Corporation also showing gains, as reported by Southern Finance, a Guangzhou-based media outlet.
Mathilde Moreau contributed to this report for TROIB News
