Current：Home > FinanceChina drafts new rules proposing restrictions on online gaming -Wealth Pursuit Network
China drafts new rules proposing restrictions on online gaming
View
Date：2025-04-12 14:46:49
HONG KONG (AP) — China released draft guidelines Friday aimed at curbing excessive spending on online gaming in the latest move by the ruling Communist Party to keep control of the virtual economy.
The proposal caused shares in the biggest Chinese gaming companies, Tencent and NetEase, to plunge in Hong Kong.
China’s gaming regulator, the National Press and Publication Administration, issued guidelines saying online games cannot offer incentives for daily log-ins or purchases. Other restrictions include limiting how much users can recharge and issuing warnings for “irrational consumption behavior.”
Shares in Tencent, China’s largest gaming company, dived about 16% before recovering some ground to close 12% lower. Rival NetEase’s stock price lost about 25%.
Beijing has taken various measures against the online games sector in recent years.
In 2021, regulators set strict restrictions on the amount of time children could spend on games to just three hours a week. A state media news outlet described online games as “spiritual opium,” an allusion to past eras when addiction to the drug was widespread in China.
Approvals of new video games also were suspended for about eight months, resuming only in April 2022 as authorities eased a broader crackdown on the entire technology industry.
veryGood！ (147)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Christie Brinkley Calls Out Wrinkle Brigade Critics for Sending Mean Messages
- Phoenix residents ration air conditioning, fearing future electric bills, as record-breaking heat turns homes into air fryers
- Gen Z is the most pro union generation alive. Will they organize to reflect that?
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Warming Trends: British Morning Show Copies Fictional ‘Don’t Look Up’ Newscast, Pinterest Drops Climate Misinformation and Greta’s Latest Book Project
- The U.S. Military Emits More Carbon Dioxide Into the Atmosphere Than Entire Countries Like Denmark or Portugal
- In Philadelphia, Mass Transit Officials Hope Redesigning Bus Routes Will Boost Post-Pandemic Ridership
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- The EPA Wants Millions More EVs On The Road. Should You Buy One?
Ranking
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- The EPA proposes tighter limits on toxic emissions from coal-fired power plants
- Who bears the burden, and how much, when religious employees refuse Sabbath work?
- Ocean Warming Doubles Odds for Extreme Atlantic Hurricane Seasons
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Now on Hold, Georgia’s Progressive Program for Rooftop Solar Comes With a Catch
- In Philadelphia, Mass Transit Officials Hope Redesigning Bus Routes Will Boost Post-Pandemic Ridership
- Inside Clean Energy: Vote Solar’s Leader Is Stepping Down. Here’s What He and His Group Built
Recommendation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Warming Trends: British Morning Show Copies Fictional ‘Don’t Look Up’ Newscast, Pinterest Drops Climate Misinformation and Greta’s Latest Book Project
A Climate-Driven Decline of Tiny Dryland Lichens Could Have Big Global Impacts
Justice Department threatens to sue Texas over floating border barriers in Rio Grande
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Earthjustice Is Suing EPA Over Coal Ash Dumps, Which Leak Toxins Into Groundwater
New Research Shows Aerosol Emissions May Have Masked Global Warming’s Supercharging of Tropical Storms
Why Tia Mowry Says Her 2 Kids Were Part of Her Decision to Divorce Cory Hardrict