Glonghui, August 3, 丨 Film and television stocks surged in the Hong Kong stock market, and Maoyan Entertainment surged 8.5%, which also led the constituent stocks of the Hang Seng Technology Index; IMAX China and Alibaba Pictures rose nearly 3%.

“Babai”, produced by Huayi Brothers and directed by Guan Hu, was officially scheduled for August 21. This is the first new blockbuster to be released on schedule after theatres resumed work. A number of theatrical executives said that the early release of “Babai”, which exceeded expectations, would greatly stimulate the movie market, and they are optimistic that the box office is expected to hit more than 1.5 billion yuan.

Furthermore, at present, 48 crews have started filming in Hengdian, and 63 crew members are preparing. The total number has tripled compared to March of this year, and has also increased by 16% compared to July last year. Due to the epidemic, many crews originally scheduled to start in March have been delayed until July. Since June, Hengdian has ushered in a “start-up wave” for crews.