Home News China’s Chief Of Game Regulations Fired After Massive Stock Drop & Backlash

China’s Chief Of Game Regulations Fired After Massive Stock Drop & Backlash

Reports are claiming that Feng Shixin, the person overseeing the National Press and Publication Administration (NPPA), which governs the country’s gaming sector, has reportedly been removed.

Proposed regulations aimed at curbing excessive gaming spending caused a stock market plunge, notably affecting major players like Tencent. While authorities haven’t confirmed Feng’s departure, insiders link it to the fallout from these strict measures.

Feng played a key role in discussions on gaming approvals and user identification protocols. The regulations target overspending and incentives encouraging prolonged gaming. Market reactions suggest concerns over a potential severe crackdown by Chinese authorities on the gaming sector.

This upheaval has wiped an estimated $80 billion off the combined market value of China’s leading gaming companies. Feng Shixin’s sudden exit underscores the evolving challenges in China’s gaming landscape. The repercussions extend globally, impacting stakeholders, investors, and gamers alike.

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Sai T.

Sai is a social media manager and senior web content creator who spends his days juggling game research, deadlines, and the usual existential crisis. When he isn’t crafting content that hopefully goes viral, he’s a dedicated single parent doing his best to navigate work life balance. And in the rare moments when free time actually appears, he’s usually found with his two dogs, who are fully convinced they’re the ones in charge.