The Government introduced the time-limited Film Production Financing Scheme (Relaxation Plan) (“Relaxation Plan”) in July 2020. Since its introduction, the Relaxation Plan has been well received by the industry. FS 2.0 is launched on 15 January 2025 as an optimised version of the Relaxation Plan, to enhance local film productions and promote long-term development of the Hong Kong film industry through measures such as relaxing quotas for applicants and main film financiers, increasing the Government's maximum financing amount, disbursing funding at an earlier stage, increasing the quota for applicants and main financiers etc. This Scheme is not time-limited and is open for application throughout the year.