Chinese Regulators Aren’t Playing Games
As if investors in Chinese stocks didn’t have enough to worry about, the government introduced a new wild card. 🤪
Beijing released draft guidelines designed to curb excessive gaming and spending among consumers. The proposed rules would require owners of online games to abstain from providing or condoning high-value or expensive transactions in virtual entities, whether by auction or speculative activity. Daily login rewards would also be banned, along with pop-up warnings to users displaying “irrational” consumption behavior. 🚫