China regulator removes draft video game rules from website; shares jump
China’s gaming regulator has removed from its website rules it proposed last month aimed at curbing spending and rewards that encourage playing video games, checks by Reuters on Tuesday showed, in a move that boosted gaming company shares.
The link to the draft rules on the National Press and Publication Administration’s (NPPA) website was inaccessible as of Tuesday morning, after having worked on Monday.
The consultation period on the rules, which sparked market turmoil when they were first announced, expired on Monday.