China's Gaming Regulator Grants Approval For 86 Domestic Online Games In May
Portfolio Pulse from Benzinga Newsdesk
China's gaming regulator has granted approval for 86 domestic online games in May, including titles from Tencent and NetEase. This comes after a nine-month freeze on approvals in 2018.
May 22, 2023 | 12:32 pm
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China's gaming regulator approved 86 domestic online games in May, which may positively impact the iShares China Large-Cap ETF (FXI) as it includes Tencent and NetEase.
The approval of 86 domestic online games in China, including titles from Tencent and NetEase, indicates a positive development for the gaming industry. As FXI includes Tencent and NetEase in its holdings, this news may have a positive short-term impact on the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75