On the morning of December 22nd, the National Press and Publication Administration released the &#34;Draft Regulations on the Management of Online Games&#34; (hereinafter referred to as the &#34;Draft&#34;), which mentioned that online games should not have inducement rewards such as daily login, first-time recharge, and consecutive recharge.
After the news was released, CLOUD MUSIC fell more than 3% in the short term, and TENCENT fell nearly 2%.
As of the time of writing, Hong Kong mobile game stocks continued to decline, with CLOUD MUSIC falling more than 10% at one point, TENCENT falling nearly 6%, and BILIBILI-W falling nearly 4%.
Today, Hong Kong stocks opened higher, with the Hang Seng Index up 0.73% and the Hang Seng Tech Index up 0.95% at the opening. As of the time of writing, Hong Kong stocks plummeted during the trading session, turning from gains to losses, with the Hang Seng Tech Index falling more than 1%. Previously, the three major indexes had all expanded their gains to 1%.
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The National Press and Publication Administration has released a draft stating that online games are not allowed to set inducement rewards such as daily login, first-time recharge, and consecutive recharge.

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Hong Kong gaming stocks plummet! CLOUD MUSIC falls more than 10%, Tencent falls more than 5%.