China Pulls Draft Gaming Rules from Website

Beijing has quietly pulled the proposed curbs on the video game industry from the official website, weeks after the draft guidelines wiped tens of billions of dollars off the market value of local titans.

The link to the draft rules was no longer accessible as of this morning, Haitong Securities reported earlier on Tuesday. Shares of Tencent and NetEase jumped on the news. “This could possibly indicate that there will be further changes in the new measures,” wrote Haitong analysts in the note, accessed via S&P Global Market Intelligence.