China ousts official after ‘video games rules spark turmoil,’ Reuters reports

Earlier on Wednesday, Reuters reported that China ousted Feng Shixin, a government official overseeing the country’s press and publications soon after Chinese gaming stocks were sent into a tailspin on news of “proposed rules to curb spending on video games,” wrote Josh Ye for the news outlet. “Feng Shixin was removed last week from his position as head of the publishing unit of the Communist Party’s Publicity Department,” added the story..The Fly notes that Chinese ADRs taht may be impacted nclude NetEase (NTES) and Tencent (TCEHY).