Chinese gaming stocks surge as regulator takes down draft rules

Executives expect 'positive' final version of curbs on players' spending

Tencent and other Chinese video game companies saw their Hong Kong-listed shares jump on Jan. 23 amid optimism about proposed rules for the industry. © Reuters

CISSY ZHOU, Nikkei staff writer

January 23, 2024 15:06 JST

HONG KONG -- Chinese gaming stocks rose in Hong Kong on Tuesday, the day after the consultation period for draft regulations aimed at curbing players' spending ended.

Tencent Holdings rose 4.04% to HK$272.8 in morning trading, while NetEase and Bilibili gained 4.42% and 6.99%, respectively, outperforming the Hang Seng China Enterprises Index, which rose 2.71%.