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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI China Daily Summary: Wednesday, December 11
China Removes Official After Video Games Rules Spark Turmoil (RTRS Soruces)
MNI (London) - RTRS sources have noted that “China removed an official at a government body overseeing its press and publications regulator, days after Chinese gaming stocks were hit by proposed rules to curb spending on video games.”
- A reminder that those curbs weighed on the Chinese tech sphere (with the Hang Seng Tech Index making a fresh ’23 low), before suggestions that regulators may be open to watering down the legislation allowed Chinese/HK tech equity sub-indices to pare some of the related losses.
- The likes of Tencent and NetEase H-shares still sit comfortably below the levels witnessed ahead of the announcement re: the proposed rules, although they have pared over half of the related declines.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.