"Lust, Caution" is based on the short story by Eileen Chang. Wang Hui-Ling is adapting Chang's story for the screen with production penciled in to begin later this year.
According to Variety, "Lust, Caution" is a World War II era spy story set in Shanghai.
Lee and Bill Kong are producing the film. James Schamus will executive produce.
Source: Variety

