Jackie Chan - The Myth movie. 58th Annual Cannes Film Festival in Cannes, France

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Jackie Chan - The Myth movie. 58th Annual Cannes Film Festival in Cannes, France

Wow. That Mallika Sherawat is hot babe..

Hong Kong action star Jackie Chan, who seems as busy these days funding movies as starring in them, dreams of becoming China's answer to Steven Spielberg or George Lucas.

At the Cannes Film Festival to promote his latest movie "The Myth," the prolific martial arts hero said that, crucially, he has the backing of domestic banks and "tycoons" willing to help China's movie industry compete with Hollywood dominance.

"After China opened up all those years ago, they know how important the film industry is and the government helped a lot," he told Reuters Wednesday in an interview on the waterfront in the exclusive Riviera resort.

"There are a lot of big companies really supporting making movies. They know the power it has. Look at American film. American film is so successful, American culture is so successful.

"I think the Chinese government and the big tycoons, they know. There are so many tycoons, they ask me 'Jackie, here is 200 million, can you make ten films for me?"'

He did not specify whether he was referring to U.S. dollars or Chinese yuan, but explained that one advantage he had over his Hollywood rivals was that a film that would cost $150-200 million in America would cost $60 million to make in China.

"My goal is one day to be a Steven Spielberg, a George Lucas."

But it is not all about money.

"We have to have good quality. You have to (take) responsibility, you have to make a good quality movie."

"The Myth" is a $20 million China-funded production co-produced by Chan's JCE Movies Limited and the China Film Group Corporation.