On September 22, QingDao Movie Studios, the world’s largest movie and television industry project invested and constructed, held a grand launch ceremony. The total investment of the project was RMB 50 billion, of which the investment in cultural tourism exceeded RMB 30 billion. Leaders from the State Administration of Radio, Film and Television, Qingdao City leaders, Chairman of the Group, Chairman of the Film Academy, Chairman of the Artist Agency, Presidents of World-renowned Movie and Television Companies, World Famous Movie Stars and Famous Chinese Movie Stars attended the launching ceremony.