Group 1 - The gaming sector is showing a significant recovery trend, with the gaming ETF (159869) rising by 13.71% from August 1 to August 22, indicating a strong upward momentum in the market [1] - The National Press and Publication Administration has maintained a regular pace in issuing game licenses, approving 134 licenses in July, including 127 domestic and 7 imported, bringing the total to 946 for 2025, which supports both major and innovative products in the industry [1] - Local governments are implementing supportive measures for the gaming industry, such as Zhejiang's initiatives for overseas expansion, Guangzhou's establishment of service centers, and Shanghai's creation of a research center, all contributing to the industry's long-term development [1] Group 2 - Huachuang Securities notes that high-frequency data in the gaming industry is improving, with positive expectations for mid-year reports, indicating sustained growth potential [2] - The media sector is experiencing a rise in AI applications and cultural confidence, with expectations for a reshaping of the industry landscape through public cloud value reconstruction and B-end empowerment [2] - The film and television industry is benefiting from relaxed policies, which enhance production capacity and content innovation, while the IP sector is expected to see growth through 2B licensing and 2C channel expansion [2]