Tencent, Netease shares rebound after regulators vow to improve proposed rules

NetEase

27/12/2023 01:21

SHANGHAI, Dec 27 (Reuters) - Hong Kong-listed shares of
China online gaming giants Tencent Holdings  0700.HK  and
Netease  9999.HK  rebounded on Wednesday, after regulators vowed
to make improvements to their proposed gaming regulatory rules
that dented investor sentiment.
    Hong Kong shares of Netease  9999.HK  opened up 13.9%, while
Tencent holdings  0700.HK  rose 3% at the open, after shares
slumped in the previous session.
    Chinese regulators announced on Friday a wide range of rules
aimed at curbing spending and rewards that encourage video
games, dealing a blow to the world's biggest games market.
    

 (Reporting by Jason Xue and Casey Hall; Editing by Christian
Schmollinger)
 ((Jason.Xue@thomsonreuters.com;))