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In spite of the flourishing speculation over the future of Chinese actress Fan Bingbing once she finished her seven year contract with Huayi Bros, few could have predicted that she would announce the establishment of her own company on Tuesday during the ongoing Shanghai Television Festival.

Shanghai-based Oriental Morning Post reports the company will deal with all aspect of the actress' career including her acting, singing and film roles.

The actress also held a press conference for the first investment effort of her company, a TV drama named Yan Zhi Xue which is her debut as a producer.

When asked why she decided to open her own company, the actress confessed that she disliked the role of a "passive" actress. "While actors are performing roles, they usually have to act according to the thoughts and ideas of directors and screenwriters." In order to have more control over her career, Fan Bingbing decided to be her own boss.

Fan Bingbing revealed her new company will only be involved in the production and release of TV dramas and movies for the first few years.

(CRI.cn June 13, 2007)