The Zhitong Finance App learned that gaming stocks rose collectively. As of press release, Dream World (01119) rose 5.88% to HK$0.27; Bilibili-W (09626) rose 4.2% to HK$146.4; Tencent (00700) rose 4.16% to HK$465.8; and Xindong (02400) rose 2.71% to HK$46.28.
According to the news, recently, the State Press and Publication Administration issued the July 2026 game version number. A total of 197 games have passed the review. This is the largest single batch approval in the past five years. The cumulative number of editions in 2026 has reached 1,147. Citi pointed out that the release date was just in time for the summer peak season and the eve of the China International Digital Interactive Entertainment Exhibition, which shows that regulators continue to support the healthy development of the online game industry. This approval is beneficial to all game developers and further strengthens the industry's healthy supply pipeline.
Huachuang Securities pointed out that when the game version was released in July, there were 193 models made in China, up 52% year on year and 21% month on month. The number reached a new high in the past three years, including Lingyoufang's “Shadow Blade Zero”, which side verified that gaming is a benchmark industry for cultural outings, and regulation has entered a new normal that encourages the healthy development of the industry. We believe that gaming is still a sector with rapid growth, low valuation, and high cost performance in the pan-consumer sector. Currently, institutional holdings have also reached a historically low level, focusing on performance releases and valuation repair opportunities.