On February 22, the Hong Kong stock market opened, and Tencent Holdings continued its decline yesterday. As of press time, Tencent's stock price was HK$436.4, down 2.02%.

Yesterday, Tencent Holdings opened lower and moved lower. There were two waves of diving in the afternoon and a flash crash of more than 6% in late trading.

  At the close yesterday, the Hang Seng Technology Index fell 2.92%, Tencent Holdings fell 5.53%, Alibaba-SW fell 4.44%, Kuaishou fell more than 7%, Bilibili fell more than 9%, Xinxin Company fell more than 11%, A-share Sanqi Mutual Entertainment (002555.SZ) closed down 6.46%.

  On the news surface, there was only one unverified news that "Tencent will be hammered" released by a user of Snowball, which directly drove the spread of market panic.

  Zhang Jun, general manager of the public relations department of Tencent Group, posted on his personal circle of friends that "(yesterday) one afternoon, the rumors have changed a lot of versions", "the person who called the heavy hammer has sold his account."

  After the so-called "Tencent was hammered" news by Snowball users, the policy level will introduce restrictions on the game version number and game content subject matter. Beauty and other themes.

In response to the market-level concerns about this part, a person from the relevant department of the State Press and Publication Administration said: There is no clear response at the moment, you can pay attention to the announcement information on the official website, but it is still receiving the game company's version number application normally.

  Although the news is currently mainly unconfirmed speculation, the game industry has indeed faced restrictions from the version number level in recent years.

Since July 22, 2021, the General Administration of Press and Publication has not released the game version number for 7 consecutive months.

The cumulative number of game version numbers issued in 2021 is 755, which is 54% of the version number issued in 2020 and 48% of the version issued in 2019.

  A person in the game industry told the First Financial Reporter that the current channel for applying for a version number has been smooth, but it has not been issued for the time being.

In addition, the previous CPPCC meeting has defined the game industry, and it will not be completely shut down, but it needs to be standardized and developed.

Among them, the key work will be game anti-addiction, minor protection, content compliance, and correct value orientation.

  Pang Ming, chief economist of Huaxing Securities (Hong Kong), told the First Financial Reporter that no matter which industry in the new economic sector of Hong Kong stocks recently, there is a lack of energy and support from incremental funds.

Investors' worries about sporadic outbreaks of the epidemic, weak consumption, expectations of Fed rate hikes, geopolitical risks and other factors have an impact on sentiment or capital flow.

However, supervision is still the biggest uncertainty. Although positive signals and positive information about Internet policies have appeared frequently this year, various regulatory measures have not yet been fully implemented. Huaxing believes that effective supervision of capital will continue to be strengthened in accordance with the law, which directly leads to market confidence still remaining. Fragile, investor sentiment turned slower than expected, and was highly sensitive to various negative information.