Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Tencent’s game titles gets nod of approval from Chinese regulator, shares climb more than 4.0%

Two mobile games from Tencent were approved in a list of 95 game titles.

Shares of internet company Tencent Holdings rose more than 4.0% on Friday after Chinese regulators gave the green light to allow some of the company’s games to be released, ending the 9-month long freeze the firm had faced due to regulatory tightening on China's video game industry.

On Thursday, two mobile games from Tencent were approved in a list of 95 game titles, an update from China’s State Administration of Press, Publication, Radio, Film, and Television showed. This is the first time Tencent's game titles are included in the approval list, and it had been absent from the previous three batches of approval.

A lack of new Tencent game titles released due to regulatory tightening

Tencent has been facing tough times for its video gaming business in recent months as China has been clamping down on the market, limiting the number of new online game releases.

Chinese regulators had suspended new titles in a campaign to combat gaming addiction, and the move casted uncertainty over Tencent’s main business.

Investors were unnerved by a lack of approval from Chinese regulators on the games from Tencent, causing the group to lose over 20.0% of its market value since March. The group also faced its first profit drop in at least a decade due to the regulatory hit.

But the regulatory clampdown has not stopped the tech firm from testing out new titles. Last week, it released a test version smartphone game of United States television hit series Game of Thrones, titled 'Game of Thrones: Winter is Coming'.

Tencent’s shares closed the week’s session higher by 4.1% or HK$13.60 on Friday evening, at HK$343.80.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Act on share opportunities today

Go long or short on thousands of international stocks with spread bets and CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Take your position
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take advantage while conditions prevail.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.