Policy issued to boost domestic films

Chinese film authorities are financially aiding domestic theaters and films to help the local industry better cope with stiff competition from Hollywood.

The Managing Committee of the National Film Development Fund released a policy on Thursday that said it will return all or part of the committee's 5 percent cut of box office revenue to theaters that show more domestic films.

The committee, affiliated with the State Administration of Radio, Film and Television - the industry's top regulator - collects 5 percent of every film's box office revenue to support public services.