Blockbuster move by National Film

Govt-backed firm invests $300m to produce English-language movies

National Film Capital Co Ltd, the government-backed entertainment firm, has revealed plans to invest $300 million in 10 English-language movies, one of which will star a Chinese superhero being dubbed Ming: The Annihilator, the creation of iconic Spider-Man and Incredible Hulk creator Stan Lee.

Launched by China Film Foundation, National Film is a private equity group of limited partnerships involving investors from both home and abroad.