Home NewsStock Market News Chinese game stocks Yingchunyan authorities have revealed signs of loosening the review of the game industry | Anue Juheng – Hong Kong Stock

Chinese game stocks Yingchunyan authorities have revealed signs of loosening the review of the game industry | Anue Juheng – Hong Kong Stock

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Chinese game stocks Yingchunyan authorities have revealed signs of loosening the review of the game industry | Anue Juheng – Hong Kong Stock


Chinese game stocks including Bilibili (Bilibili, Bilibili), Kingsoft, etc. rose on Wednesday (13th), after China’s regulatory authorities approved dozens of game releases, marking the second consecutive online game version number after a long-term suspension. Monthly review approval means some headwinds to the industry may be easing.

However, game giants Tencent (0700-HK) and NetEase (9999-HK) were not included in the list announced by China’s State Press and Publication Administration on Tuesday (12th). Tencent’s shares in Hong Kong closed down 0.71% on Wednesday at HK$335.40, while NetEase closed up. 1.83% to HK$138.90.

The regulator announced that a total of 67 games had been released, including games from three companies, Station B, Kingsoft and Chuangmengtiandi. The shares of these companies also rose on the news. Station B (9626-HK) closed up 3.52% at HK$194 on Wednesday; Kingsoft (3888-HK) closed up 3.5% at HK$28.10; Chuangmengtiandi (1119-HK) closed up 2.17% at HK$4.71.

This is the third batch of game licenses issued by China this year, after a nine-month suspension of online game approvals, which unnerved investors and dragged down the stock prices of game companies.

Wall Street analysts have agreed that China is beginning to gradually loosen its crackdown on the industry.

The Jefferies analyst team headed by Thomas Chong said in the report: “The release of the version number for two consecutive months should resolve the market’s concerns about industry trends. High-quality content is a key factor for new games to be released in the future.” In addition, Chong pointed out that companies such as Tencent, NetEase and Bilibili will benefit from the exposure brought by game approval.

Daniel Ahmad, a senior analyst at Niko Partners, said that a new batch of games is reviewed every month, which is a positive sign for the industry, but only for games in China.

“Based on historical precedent, we do hope to see the first games from foreign developers approved by the authorities in the near future,” Ahmad said.

Before the deadline, U.S. stocks at Station B (BILI-US) rose 2.27% on Wednesday, at $24.82 per share; NetEase (NTES-US) rose 3.92%, at $89.88 per share, while Tencent (TCEHY-US) fell 1.23 %, at $42.51 per share.

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