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China Gaming Licences to Resume: 21stC Business Herald

The National Press and Publication Administration will resume issuing new licences for video games by the end of November, 21st Century Business Herald said, citing unnamed people


China
People play online games at an internet cafe in Fuyang, Anhui province. Beijing has taken a hard line against gaming in recent years, likening it to 'spiritual opium' eroding the lives of young people. Photo: Reuters.

 

China is likely to start issuing online video game licences again in the coming weeks, following a four-month suspension, 21st Century Business Herald reported, sending gaming stocks soaring.

The National Press and Publication Administration will resume issuing new licences for video games by the end of November, the paper said, citing unnamed sources.

Development of a series of supervisory policies related to the protection of minors in online games might be the main reason for the delay in resuming the distribution of licences.

Read the full report: 21st Century Business Herald

 

READ MORE:

China Gaming Shares Plunge as Beijing Tightens Regulatory Crackdown

China Halts New Online Game Approvals: SCMP

 

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.