Feng Shixin, Director

Feng Shixin, Director of the Publishing Bureau of the Central Propaganda Department, who has not officially announced the departure

The Chinese regulatory authorities have recently launched new rules for online games, which has led to the plunge of stocks in the industry and huge losses.According to the five sources who quoted the matter on the 2nd, the Chinese official has released the position of Feng Shixin, the director of the Publishing Bureau of the Central Propaganda Department.

Sources said that Feng Shixin had been removed from the position of the person in charge of the publishing unit of the Central Propaganda Department last week.This is related to the rules announced by the State Administration of Press and Publication last month.The department is responsible for supervising the State Administration of Press and Publication (NPPA), while the State Administration of Press and Publication is responsible for supervising China's huge online game industry.However, the official has not officially announced the news of Feng Shixin.

The Journalism Office of the State Council of China did not immediately respond to the request of the comment, and Reuters could not contact Feng Shixin to comment.

On December 22, China National Press and Publication Agency publicly solicited opinions on the management measures of online game (draft solicitation of opinions), which proposed multiple restrictions.After the draft was announced, the stock price of scientific and technological giants such as Tencent plummeted, and the market value evaporated tens of billions of dollars.Five days later, the official adopted a more reconciliation tone, saying that it would improve the rules by carefully studying the public opinion.

Reuters said that the crackdown was part of the widespread supervision and tightening of many Chinese official industries.The operation has led to the most difficult year since the Chinese online game industry has recorded in 2022, and the total revenue has shrunk for the first time.

It is said that Feng Shixin was dismissed and related to the National Press and Publication Agency on the 22nd of last month announced the online game management measures (draft solicitation draft).For lessons, the news made Mainland game stock prices plummeted in mainland game stocks such as Tencent (0700) and NetEase (9999).

reported that the State Council News Office, which is responsible for handling the Central Propaganda Department and the National Press and Publication Department media, did not immediately respond to the request of comment.

It is worth mentioning. Five days after the promulgation of the opinion draft, the State Press and Publication Agency's tone was mild, pointing out that it would seriously study the public opinion to modify the rules.

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