China Approves 105 New Online Games Amid Regulatory Curbs

Move Signals Support for Gaming Industry Following Massive Investor Losses

China's National Press and Publication Administration has approved 105 new online games, signaling support for the industry after proposed curbs caused massive losses for investors in major game companies.
The proposed curbs, which included banning online games from offering incentives for daily log-ins or purchases and limiting how much users can recharge, led to a significant drop in share prices for major game developers like Tencent and NetEase.
Despite the proposed regulations, the National Press and Publication Administration continues to approve new games, recently approving over 100 domestic games.
The proposed regulations are open for review until January 24, 2024, and are expected to impact smaller developers more than larger ones due to their reliance on revenue-generating practices.
In 2023, the National Press and Publication Administration issued a total of 1,075 game version numbers, with 977 being domestically produced and 98 imported, indicating a significant growth in the domestic online games market.