The first part in a new series of films produced by Musée d'Orsay, 'Flight of the Red Balloon' tells the story of a French family as seen through the eyes of a Chinese student. The film was shot in August and September 2006 on location in Paris. This is Hou Hsiao-Hsien's first Western film. It is based on the classic French short The Red Balloon directed by Albert Lamorisse.

Set against Paris' oldest bridge, the Pont Neuf, while it was closed for repairs, this film is a love story between two young vagrants: Alex, a would be circus performer addicted to alcohol and sedatives and Michele, a painter driven to a life on the streets because of a failed relationship and an affliction which is slowly turning her blind.