- Jianghai Securities reports that from January to August 2025, the National Press and Publication Administration issued 1,050 domestic game licenses, a 23.53% increase year-on-year.
- The normalization of license issuance reflects increasing regulatory support for the gaming industry, with notable growth in cash flow and AI game development.
- The report highlights investment opportunities in key companies such as Kaixin Network and Tencent, while also noting risks related to policy changes and performance expectations.