China's 2025 Spring Festival movie pre-sales surpass 800 mln yuan

The Chinese film industry is experiencing a major surge in ticket sales, with advanced bookings for the upcoming eight-day holiday season, which will start on January 28 this year, reaching 800 million yuan (about 110.32 million US dollars) on Monday, according to film data platform Beacon.

China has shattered its own record for the fastest 800-million-yuan presale box office revenue during the Spring Festival holiday, with the milestone achieved in record time.

Among the popular Spring Festival movies are "The Legend of the Condor Heroes: The Great Hero", "Nezha: Demon Child Conquers the Sea", "Detective Chinatown 1900", "Operation Leviathan", "Creation of the Gods II: Demonic Confrontation" and "Boonie Bears: Future Reborn".

Regarding the robust start of the film market, industry insiders analyzed that all these films are big-budget blockbusters featuring impressive special effects and outstanding creative teams. Of the six films, five are sequels to highly successful domestic film series, each possessing a strong IP effect.

This year, the Chinese New Year or Spring Festival takes place on January 29, marking the beginning of the Year of the Snake. As the most significant holiday on the Chinese calendar, it serves as a cherished opportunity for families to come together and celebrate.

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.0108 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.