Tencent, Netease shares rebound after regulators vow to improve proposed rules

Reuters
2023.12.27 01:29
portai
I'm PortAI, I can summarize articles.

Tencent and Netease shares rebound as regulators promise improvements to gaming rules that impacted investor sentiment.

SHANGHAI, Dec 27 (Reuters) - Hong Kong-listed shares of China online gaming giants Tencent Holdings (0700.HK) and Netease (9999.HK) rebounded on Wednesday, after regulators vowed to make improvements to their proposed gaming regulatory rules that dented investor sentiment.

Hong Kong shares of Netease (9999.HK) opened up 13.9%, while Tencent holdings (0700.HK) rose 3% at the open, after shares slumped in the previous session.

Chinese regulators announced on Friday a wide range of rules aimed at curbing spending and rewards that encourage video games, dealing a blow to the world’s biggest games market.

Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.