Source AP ©

China Film Group plans to list domestic stock market

China Film Group is going to list a domestic stock market, Hollywood’s Variety reported on its Asian Web site Wednesday.

"We're working with institutions toward the listing of China Film Group on a Chinese stock market," Variety quoted China Film Group Chief Executive Han Sanping as saying at a film market in Beijing Tuesday.

Variety said Han did not give a timetable or reveal how much money China Film Group planned to raise.

Calls to a China Film Group publicist seeking confirmation of Han's remarks went unanswered.

China Film Group is usually involved in major Chinese-language productions and is a leading movie importer and distributor. The company has launched seven movie circuits that it says accounts for more than 400 movie theaters and about half of the country's total box office.

Variety said China Film Group had prepared to list in Hong Kong in late 2004, but that those plans were blocked in August 2005 by the State Administration of Radio, Film and Television.

China Film Group's recent movies include the Disney co-produced "The Magic Gourd," Jet Li's action movie "Fearless," Chen Kaige's mythological epic "The Promise" and the upcoming John Woo historical epic "Red Cliff."