woo.jpgBloomberg has a must-read story all about how Hong Kong’s movie industry is booming again. Thanks to Goldman Sachs Group Inc. and Standard Chartered Plc, which together are bankrolling Hong Kong filmmakers to tap the Chinese market which should grow 30% annually over the next decade. Several other film funds have started on the mainland with American and other money to produce movies also aimed at the Chinese market. China’s box-office receipts jumped by a third to $349 million last year, and sales will continue to rise as theaters open in smaller cities. “I believe in Chinese cinema,” director John Woo is quoted as saying. “Expect great movies from China and Hong Kong in the years ahead.”