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China’s video gaming watchdog speaks out after draft spending rules roil market
- The proposed changes on rewards are meant to encourage healthy development in the industry, regulator says
- The public have until January 22 to comment on the draft conditions
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Draft rules to rein in spending on online video games are designed to promote “healthy development” in the industry, the regulator said on Saturday, a day after the announcement of the changes sent shock waves through the sector.
As well as clarifying conditions for game operation permits, the draft contained an entire chapter on “insurance and rewards” to encourage original games while also protecting minors and consumer rights.
Under the rules, online games will not be allowed to force players to fight each other, and must not offer rewards that entice people to excessively play and spend money.
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“During the drafting process, we received suggestions from the government, industry associations and companies in many ways,” the National Press and Publication Administration told the China Press and Publication News, its official paper.
“The regulator will take public concerns on the … clauses into account and amend the regulations accordingly,” it said, adding the draft would be open for public comment until January 22.
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All gaming-related stocks fell in Hong Kong on Friday, with Bilibili shedding 10.4 per cent.
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