Why did Hong Kong movies decline?

First of all, times have changed. The era of Hong Kong films is an era in which a hundred flowers blossom. There are not only funny films represented by Stephen Chow, action films represented by Jackie Chan, but also heroic films represented by Chow Yun Fat. These films make Hong Kong films lead the development of the mainland, and mainland films gradually move closer to Hong Kong films. With the return of Hong Kong and the further development of the mainland's opening up, Hong Kong films began to decline, because people's aesthetic tastes changed and became more diversified.

There is also the rapid catching-up speed of the mainland. At present, the mainland's film or television production capacity is directly connected with Hollywood, leaving Hong Kong's films behind. Of course, it is not that there are no good films in Hong Kong, but that the overall film level in the Mainland has caught up with or even surpassed Hong Kong. The counterattack of the Wolf Warrior series is a very obvious example.

The third is that the audience is picky about taste. In the past, Hong Kong movies went to the mainland, which was a word, all the rage! Now, what mainland audiences appreciate is no longer a simple meal, but exquisite western food. Some TV dramas or movies in Hong Kong still adopt a cost-saving way, which obviously does not conform to the aesthetics of mainland audiences. Some TV dramas in Chinese mainland have been exported to foreign countries, such as The Queen of the Palace.

This can't be said to be the decline of Hong Kong movies, but a new mode of Hong Kong movies. This model is different from the mainland, and it is unique to Hong Kong films. I wonder if mainland directors or producers will learn from this model in Hong Kong? If so, will the Mainland dominate the development of Hong Kong?