On November 16, the gaming sector in the Hong Kong stock market strengthened in the afternoon, with xd inc ( $XD INC (02400.HK)$) experiencing a sharp rise of nearly 14% at one point, and cmge ( $CMGE (00302.HK)$Netease $NTES-S (09999.HK)$) soaring more than 6% at one point, tencent ( $TENCENT (00700.HK)$) and other follow-up increases.
According to media reports, multiple internal sources from game companies disclosed that the game approval number may be restored to the approval process in the near future.
In response, internal sources from NetEase told the Yinshi Finance journalist that there are indeed rumors of relaxation in the approval of game numbers internally, and the specific timing may be after the New Year.
It is reported that the so-called game number refers to the approval document issued by the State Administration of Press and Publication for the operation of related games. Without obtaining the game number, games will not be allowed to open recharge channels, and game developers will also be unable to profit from it.
The suspension of game approvals has been nearly four months.
According to the official website of the National Press and Publishing Administration, the last announcement of approval information was made on July 22, nearly 4 months have passed, while it used to be disclosed once a month as usual.
According to statistics, as of July 22, a total of 755 gaming licenses have been issued this year, accounting for 53% of the total in 2020.
However, in fact, as of now, the State Administration of Press and Publication has not clearly stated a suspension of license approvals, and the market rumors began with a meeting in September.
On September 8, the Central Propaganda Department, the National...