A screenshot triggered a decline of more than 5% in Tencent holdings, the leading Chinese concept stock, with a market value of HK $236.2 billion evaporated. On the same day, the Hang Seng technology index also fell 2.78%.
On February 21, some netizens posted a post pointing out that "Tencent will be hammered". Then it was hot that the regulators and the game industry gave guidance on regulatory ideas. The news was widely discussed in the industry, driving the panic of the market, and the Hong Kong stock game sector dived intensively.
Subsequently, an executive of Tencent group issued a wechat circle of friends to clarify that the netizen's remarks were "rumors", and the netizen had deleted the previous article. In addition, with regard to the new regulation guidance of the online game regulator on the game industry, some insiders pointed out that the online game regulatory rules existed as early as two years ago or even earlier, which is not the "latest" regulatory content.
Tencent fell
On February 21, the Hang Seng technology index of Hong Kong stocks plunged directly and collectively after meituan's share price fell 15% last Friday. As of the close, Hong Kong stocks fell again, with the Hang Seng technology index down 0.66% and the Hang Seng technology index down 2.78%.
On the disk, technology stocks were hit repeatedly. Specifically, the beep Kwai lap, micro union group fell nearly 10%, fast hand fell more than 7%, Tencent holdings, Jingdong health, automobile home fell over 5%, Ming Yuan cloud, Jinshan software fell 4%, Baidu group fell 4%, the US group, Alibaba, NetEase fell nearly 4%.
On February 21, Tencent holdings suddenly fell sharply in the afternoon, with a decline of more than 6% at one time and a final closing decline of 5.23%. The market value evaporated by more than HK $236.2 billion a day. Tencent's latest share price is HK $445.4, with a total market value of HK $4.28 trillion. Last February, Tencent's highest share price was as high as HK $760, down more than 41% in a year.
The sharp drop in China concept stocks led by Tencent came from a message from netizens and the guidance of supervision ideas from the online transmission regulators and the game industry today.
On February 21, a netizen posted a message that "Tencent will be hammered". The screenshot shows that the user released the news at 49:13 on the 21st, driving the panic of the market. Subsequently, the share price of Tencent holdings continued to decline, and triggered a collective decline in the entire game industry and Hong Kong stock Internet companies.
Zhang Jun, general manager of Public Relations Department of Tencent group, issued a wechat circle of friends to clarify that it was a "rumor". Zhang Jun said in his circle of friends: "in one afternoon, rumors have changed many versions". As of press time, the users who released the news had emptied their speeches and actively closed their accounts, which could not be found on the platform.
What circulated synchronously with the comments of netizens is the guidance of regulatory ideas by the heat transmission regulators and the game industry.
On February 21, some social media reported that a new regulation was issued for the game industry: it is prohibited to publicize the global same service in any sense, and once the game is found to be off the shelf; It is not allowed to publicize games without edition number and without approval, and stand-alone games must also have real name authentication. In principle, secondary games and cyberpunk games are prohibited; Zombies, plague, doomsday, cov19 cannot appear in any game, etc.
However, the reporter found that the above content had been reported as early as last year. On September 8, 2021, the report that the Central Propaganda Department and the State Press and Publication Administration interviewed Tencent, Netease and other game enterprises and platforms was published by various media. The report pointed out that the relevant heads of the central publicity department and the State Press and publication administration, together with the central network information office, the Ministry of culture and tourism and other departments, interviewed key online game enterprises such as Tencent and Netease, game account rental and sales platforms and game live broadcasting platforms. The content of the interview is similar to the regulatory rules posted online on February 21.
In this regard, some brokerage analysts pointed out that we are very skeptical about whether the new regulation guidance of today's online publishing office is "up-to-date", because whether it is the prohibition of global same service, stand-alone real name system, skin changing games, or two-dimensional related supervision (the historical nihilistic idea of delaying the United States and pro Japan), And the theme of banning doomsday waste land are the regulatory rules that existed two years ago or even earlier. Where is the "latest" regulatory content.
metauniverse is regulated
Subsequently, the market spread that the game version number was originally issued in April, but now it has been postponed to November. More game practitioners said that the biggest bad news is that China does not issue a version number this year.
Some brokerage analysts pointed out that they do not think that there is a substantial bad situation in the game version number and regulation. On the contrary, the regulatory policy from the end of last year to update the reporting provisions, and the ability to report upward means that the version number process is progressing steadily, but it is not clear when the specific version number will be issued, and the market expectation is relatively chaotic.
In this regard, yesterday, the media called the relevant departments of the State Press and publication administration. Relevant people said that there was no clear response, and they can pay attention to the announcement information on the official website, but they are still receiving the version number application of the game company normally.
In fact, the regulation of games is still confusing. This uncertainty may be the biggest bad news. Some market participants said bluntly, "Tencent was hammered by the remarks made by a trumpet. This is the news of last year, and the market as a whole is still weak. When people are pessimistic, they are pessimistic about everything."
In addition to the game supervision measures, the overall decline of Internet companies on February 21 is large, which is also related to the close attention of yuanuniverse. With the continuous popularity of the concept of "meta universe", many enterprises, including Tencent, xiaohongshu and iqiyi, tried to apply for the relevant trademarks of "meta universe", but the applications were rejected.
Among them, Tencent Music Entertainment Technology (Shenzhen) Co., Ltd., an affiliated company of national karaoke, applied for several "rhythm yuan universe" trademarks, whose status was changed to "pending rejection review". The international classification includes advertising sales, scientific instruments, education and entertainment, etc. the trademark was applied for in September 2021. However, Tencent Technology (Shenzhen) Co., Ltd. is still applying for the trademark status of QQ yuan universe, Tianmei universe, Wang Zheyuan universe and so on.
The State Intellectual Property Office said that so far, there are about 16000 trademark applications related to "metauniverse" and "metaverse" in the trademark database. In accordance with the provisions of the trademark law and its relevant regulations, the State Intellectual Property Office examined the application for trademark registration related to "metaverse" and "metaverse" according to law. The State Intellectual Property Office also pointed out in particular that it resolutely opposes and severely crack down on malicious trademark registration acts such as "rubbing hot spots" and not hoarding for use. When applying for a registered trademark, relevant market entities shall comply with the relevant provisions of the trademark law, abide by the principle of good faith, and shall not damage the social and public interests or disturb the order of trademark registration.
In addition, it is reported that today's official website of China Mobile communications union yuan universal Industry Commission issued the "Convention on the discipline of the yuan universe industry (the first session of the plenary session)", and proposed that the yuan universe business should be based on the service of the real economy, and resolutely resist the use of the concept of the yuan universe hot spot for capital speculation, so as to avoid the formation of a market bubble.
In addition, the Convention also proposes to strengthen the subject responsibility and stay away from the illegal mode. Resist illegal financial activities such as fabricating false yuan universe investment projects and issuing yuan universe virtual coins, stay away from new scams under the banner of Yuan universe games, be alert to the risk of speculation on new targets such as virtual real estate, and avoid the dissemination of bad information in Yuan universe projects.
In addition, last week, the China Banking and Insurance Regulatory Commission and the inter ministerial Joint Conference Office for the disposal of illegal fund-raising also successively issued risk tips on illegal fund-raising in the name of "yuanuniverse".
