Financiers include culture fund of CCB International, Kaixin Investment, ChinaEquity, Zero2IPO and New Access Capital.

Beijing Galloping Horse Group, known for its film and TV production company, Beijing Galloping Horse Film & TV Production, has completed its second round private equity financing with a group of financers including the culture industry fund of CCB International – China Construction Bank’s Hong Kong-based subsidiary company.

Other investors include Kaixin Investment, a fund set up by China Development Bank and CITIC Capital, Beijing-based ChinaEquity, Zero2IPO Ventures and Shanghai-based New Access Capital.

The exact amount of the investment was not disclosed.  However, a Beijing-based investment analyst told Beijing’s Economic Observer that the amount is likely to be more than $100m.

Established in 1998 as a TV and advertising company, the Beijing Galloping Horse Group became well-known for making hit TV dramas. In 2008, it received its first-round private equity investment from Baring Private Equity Partners Asia with $40m.

The company began film investment in 2009 and has invested in Su Chaopin’s Reign of Assassins (2010) [pictured], The Karate Kid remake (2010) and Rob Minkoff’s upcoming Chinese Odyssey and John Woo’s English-language The Flying Tigers.

Recently attached to Beijing Galloping Horse’s major co-production deal is Bourne Identity director Doug Liman’s latest project about Two-Gun Cohen, the British bodyguard of Dr Sun Yat-sen in the 1920s.  Galloping Horse will be the main financial backer and producer on the China side for the co-production project, with Rob Reiner and Alan Greisman producing on the US side. Matt Brown will be scriptwriter of the project.

Beijing-based financial analysts see Galloping Horse’s second-round financing as a prelude of the fast-growing entertainment company’s road to be listed in China’s stock market.