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CN Dials back Opinion Draft on Restricting Online Game Expenses; Tencent & Netease Up 4% Each at Midday Close
China's National Press and Publication Administration (NPPA) dialed back from its official website this morning (23rd) the "Measures for the Administration of Online Games...
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CN Dials back Opinion Draft on Restricting Online Game Expenses; Tencent & Netease Up 4% Each at Midday Close
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China's National Press and Publication Administration (NPPA) dialed back from its official website this morning (23rd) the "Measures for the Administration of Online Games (Draft for Comments)", which was published in the late last month to restrict the excessive use and high spending of online games.

The link on the website that was still accessible yesterday (22nd) is no longer valid now. The consultation period for the Draft expired yesterday. Reuters quoted a market analysis that it is unusual for Chinese regulators to remove such an opinion draft. The NPPA has not yet responded to inquiries about the removal of the draft.

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The report quoted Xiaoyue Hu, an analyst at Haitong Securities, that the removal of the opinion draft may foretell further adjustments to the new measures. In the past, after consultation periods ended, opinion drafts were usually still available on the official website.

Buoyed by the news and overall market conditions, HK-listed Chinese online game developers advanced concertedly this morning. TENCENT (00700.HK)  -3.400 (-0.683%)    Short selling $394.78M; Ratio 5.774%   rebounded 4% to close midday at $272.8, with a turnover of $5.926 billion. NTES-S (09999.HK)  -2.200 (-1.326%)    Short selling $226.09M; Ratio 34.043%   soared 4.4% to close at $144, with a turnover of $801 million. XD INC (02400.HK)  -0.700 (-1.887%)    Short selling $4.79M; Ratio 7.470%   , IGG (00799.HK)  -0.090 (-2.419%)    Short selling $572.23K; Ratio 6.241%   and CMGE (00302.HK)  0.000 (0.000%)    Short selling $51.55K; Ratio 9.800%   closed up 1.9%-4.3%. KINGSOFT (03888.HK)  -0.750 (-1.868%)    Short selling $26.20M; Ratio 17.059%   even mounted 7.9% to $20.2.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-09 16:25.)

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