Jefferies believes market concerns over a crackdown of China’s gaming sector are overdone. The National Press and Publication Administration provided more updates on the rationale for the draft proposals, which include fostering prosperous and healthy sector development, encouraging development of original quality games, international co-operations and rewards for those with significant contributions, details on the requirements for those entering the gaming sector, and minor and gamer protections, the analyst tells investors in a research note. The firm believes the further comments from NPPA together with the ongoing game approvals address market concerns of a sector crackdown.
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