After China’s National Press and Publication Administration (NPPA) unveiled a draft of new regulations to govern and control game expenses and content, gaming company stocks in China, such as Tencent and NetEase, plummeted.
Recently, Reuters received reports from five news sources that Feng Shixin, the head of the Public Relations Department and the person responsible for overseeing the NPPA and enforcing these regulations, has been removed from his position by the Chinese government. It is stated that this removal is directly related to the backlash caused by the release of the new regulations.
Feng Shixin has been the government’s representative in matters pertaining to game control in the industry, such as issuing gaming licenses in China for several years, but it is not specified how long he has held this role.
However, Reuters’ news source denies revealing their identity due to the lack of official confirmation from the Chinese government or related parties regarding Feng Shixin’s removal.
TLDR: After unveiling new regulations for game control, the head of China’s National Press and Publication Administration, Feng Shixin, has been reportedly removed from his position. This has led to a decline in the stocks of gaming companies in China. The news remains unconfirmed by the Chinese government or other relevant parties.
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