According to a report published by UBS, the National Press and Publication Administration announced the approval results of a recent batch of game versions in December, involving 122 local games and 7 imported games. The bank continues to show a healthy regulatory environment for the game industry based on monthly approval of more than 100 local game versions. The increase in approval of imported games last month and this month reflects the relaxation of regulations on overseas content, which is beneficial to Tencent (00700.HK), which has invested heavily in and cooperated with overseas copyrights and studios. The bank also indicated that Tencent's “Monster Hunter Outlanders” mobile game and mobile game, and NetEase (09999.HK) “Infinity” mobile game, mobile game, mobile game, and PS5 platform game were approved, reflecting the good progress of development of the two games, and the possibility of launch next year is increasing. In particular, NetEase's “Infinity” was better than market expectations, as the market originally expected the game to be launched in 2026.