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"Ne Zha 2" success shows growing appeal of Chinese culture: industry insiders

China

China

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"Ne Zha 2" success shows growing appeal of Chinese culture: industry insiders

2025-03-16 16:54 Last Updated At:03-17 00:37

The record-breaking box office performance of Chinese animated blockbuster "Ne Zha 2" has highlighted not only the success of China's movie industry, but also the expanding global appeal of its culture, according to industry professionals.

The animation has surpassed Disney's "Star Wars: The Force Awakens" to secure its spot as the fifth highest-grossing film of all time globally.

According to data from China's ticketing platform Maoyan, the film's global earnings, including presales, have exceeded 15.019 billion yuan (about 2.09 billion U.S. dollars) as of Saturday.

The milestone was reached just 45 days after the film's release on Jan. 29.

As of now, the film has been screened in over 1,000 theaters across North America and 162 theaters in Australia and New Zealand, setting a record for the highest number of Chinese films shown in the past two decades.

Since the beginning of March, "Ne Zha 2" has also premiered in the Philippines, Thailand, and Malaysia, sparking a movie-watching frenzy.

"It's quite surprising that China can make this kind of animation. I think the Chinese animation is leveling the Hollywood one, it's much better now," said Jay Reyes, a branch manager of SM Cinema, the largest cinema exhibitor in the Philippines.

After making its debut in Thailand on Thursday, the movie quickly garnered a strong local following.

"The essence of Chinese culture conveyed by this film lies in its deep affection. At the same time, it also showcases sincere friendship and the philosophy of balance between Yin and Yang, conveying the profound idea that only through collaboration can we build a better future for the world," said Suvannee Chinchiewchan, SF Group's chief marketing officer.

A sequel to the 2019 animated box office hit, "Ne Zha 2" combines breathtaking animation with a rich narrative rooted in Chinese traditional folklore, taking audiences on an emotional journey that blends action, humor, and heart. It is widely acclaimed as a film that resonates with all age groups.

"Ne Zha 2" success shows growing appeal of Chinese culture: industry insiders

"Ne Zha 2" success shows growing appeal of Chinese culture: industry insiders

China's financial authorities have released regulations to optimize fund management requirements for domestic companies listed overseas.

The regulations, effective from April 1, 2026, were jointly released by the People's Bank of China and the State Administration of Foreign Exchange to further improve the convenience of cross-border financing.

The new regulations align the management standards for funds in both domestic and foreign currencies. Proceeds from overseas listings, share reductions or transfers can be repatriated in either foreign currency or Chinese currency renminbi, simplifying their utilization.

Regarding the full circulation of H-shares, the new regulations allow listed companies to pay dividends to domestic shareholders in renminbi in China, streamlining the distribution process.

Regulated by Chinese law, H-shares are shares of enterprises incorporated in the Chinese mainland that are listed on the HKEX.

The new regulations also simplify procedures for listing registrations, share increases and decreases, buybacks, delistings, fund transfers and account usage, improving operational efficiency for businesses and better supporting their overseas expansion and the growth of the real economy.

China releases rules for management of funds related to domestic firms' overseas listings

China releases rules for management of funds related to domestic firms' overseas listings

China releases rules for management of funds related to domestic firms' overseas listings

China releases rules for management of funds related to domestic firms' overseas listings

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