消息面上，据中国国家新闻出版署近日发布的2025年8月份国产网络游戏审批信息，共166款国产网络游 戏和7款进口网络游戏获批。 国泰海通证券分析师陈筱表示，8月共有166款国产游戏获批版号，创年内单月获批版号数的新高。今年 前8月中国官方已累计发放国产游戏版号共1050个，远高于去年同期的数量。考虑到政策端释放的积极 信号，加之有多款国产游戏在7月和8月等暑期旺季取得亮眼成绩，看好游戏行业在三季度的表现，并对 游戏行业的长期发展保持积极判断。 （文章来源：中国新闻网） 中新社北京8月26日电 中国A股26日(周二)表现总体平稳，主要股指涨跌互现。板块方面，游戏板块涨 幅居前，表现亮眼。 根据金融数据服务商东方财富的数据，当天游戏板块上涨2.36%，领涨A股所有行业板块。个股方面， 三七互娱股价收获涨停板(涨幅约10%)，冰川网络、姚记科技、恺英网络股价均涨逾4%。 就当天A股主要股指的表现而言，截至收盘，上证指数报3868点，下跌0.39%；深证成指报12473点，涨 幅为0.26%；创业板指报2742点，跌0.75%。 ...

每日经济新闻消息，8月26日，A股三大指数涨跌不一。沪指跌0.39%，收报3868.38点；深证成指涨 0.26%，收报12473.17点；创业板指跌0.75%，收报2742.13点。 沪深两市成交额达到26790亿元，较昨日大幅缩量4621亿元。 个股方面，上涨股票数量超过2800只。游戏、化纤、化肥、美容护理、农牧饲渔、装修装饰板块涨幅居 前，小金属、医疗服务、生物制品、船舶制造、保险等板块跌幅居前。 而今日的调整，沪指仅小跌0.39%，且今日上涨家数仍然超过2800家，显示出市场整体的韧性较强，资金 活跃度依旧维持在高位。这或许也说明，本轮市场调整不会如去年10月那样剧烈。总之，市场在上涨过程 中，适当的回调有利于消化前期涨幅，释放部分获利盘压力，从而让市场后续的上涨更加稳健。 最后，我们来看看今日热点，种种迹象表明，科技板块仍然是本次牛市主线，并未动摇。 昨日成交额历史上第二次破3万亿之后，A股果然迎来震荡行情。但其实今日回调应是预期之内，历史上市 场每次在天量上涨后，都会迎来蓄势整理。 指数回落主要原因是情绪风向标寒武纪、北方稀土等在短期大涨后出现调整。今日寒武纪下跌4.04%，北 方稀土下跌6.7 ...

8月26日，A股三大指数集体低开。截至10:30左右，沪指跌0.36%，深成指跌0.09%，创业板指跌 0.69%。全市场超2800只个股下跌。 板块方面，人工智能、算力涨幅居前。开普云、拓维信息（002261）、天融信（002212）等涨停。东方 证券表示，国内AI大模型频频取得突破、国产AI芯片、国产交换芯片性能持续提升，我国AI算力、AI 应用、国产交换芯片有望得到持续发展。投资者们对我国AI发展的信心亦有望持续提升。 游戏股逆势走强，三七互娱（002555）涨停，恺英网络（002517）、完美世界（002624）、巨人网络 （002558）等跟涨。消息面上，国家新闻出版署正式公布2025年8月游戏版号审批结果，共166款国产网 络游戏和7款进口网络游戏获批，单月总量达173款，刷新年内新高。 芯片股出现调整，芯原股份跌超7%，寒武纪跌超3%，云天励飞、海光信息等跟跌。 创新药小幅回调，济民健康（603222）、申联生物跌超3%。湘财证券指出，2025 年国内创新药产业迎 来拐点，产业运行趋势由资本驱动转向盈利驱动，在基本面及政策持续推动下，板块业绩与估值双重修 复趋势有望延续。 牛市投资者"生存指南" ...

8月25日，国家新闻出版署官网公布了2025年8月国产网络游戏审批信息，166款国产游戏获得版号。 国泰海通证券认为，游戏行业迈入景气周期，关注行业趋势与产品潜力。1)用户重度化：小游戏平台付 费呈现增加趋势，优质产品带动PC、多端产品市场发展；2)玩法创新：通过轻量化、休闲玩法+的方 式，SLG可以实现用户破圈，突破品类天花板；3)潜力消费群体：女性用户群体需求与女性向产品的空 间；4)技术变革：AI技术能够从生产和游戏体验环节为游戏行业带来增量。 中航证券认为，AI重塑游戏体验，游戏行业景气度持续提升。政策持续加码、行业景气回升与AI落地 加速，正构成游戏板块的三重驱动。短期看，版号常态化释放和暑期档新品上线将支撑业绩兑现；中期 看，AI技术对研发和运营的重塑将推动降本增效与内容升级；长期看，全球化拓展将持续打开增长空 间。 ...

Group 1 - The core point of the article is that the National Press and Publication Administration announced the approval of 127 domestic online games in July 2025 [1] Group 2 - The approval of 127 games indicates a potential increase in the gaming market activity and opportunities for game developers [1] - This approval could reflect a more favorable regulatory environment for the gaming industry in China [1] - The number of approved games may influence the competitive landscape among gaming companies [1]

Core Viewpoint - The Chinese gaming industry, which experienced rapid growth before 2020, is now at a crossroads as it faces a slowdown in growth. However, there are signs of potential new growth driven by increased game approvals and supportive government policies [1][4]. Group 1: Game Approval Trends - The National Press and Publication Administration reported a record high of 147 new domestic online games approved in June 2025, indicating a sustained high level of game approvals in recent years [1]. - In 2024, the monthly issuance of domestic game licenses consistently exceeded 100, except for April and May, reflecting a robust approval process [1]. Group 2: Market Growth and Financial Data - In May 2025, the Chinese gaming market reached a scale of 280.51 billion yuan, marking a year-on-year growth of 9.86% and a month-on-month increase of 2.56% [3]. - The client game market size was 58.19 billion yuan, with a year-on-year growth of 1.58% and a month-on-month growth of 0.34% [3]. - The mobile game market size was 211.77 billion yuan, showing a year-on-year growth of 11.96% and a month-on-month growth of 3.69% [3]. Group 3: Government Support and Policies - Various regions, including Beijing, Shanghai, Guangdong, and Zhejiang, have introduced subsidies and measures to support high-quality game projects and original creations [3]. - Beijing's policy includes rewards of up to 5 million yuan for game development and operation companies [3]. - Zhejiang's measures aim to optimize game export processes and enhance international compliance, indicating a focus on expanding the global reach of Chinese games [3]. Group 4: Industry Trends and Future Outlook - The sustained high number of game approvals reflects a trend towards the production of high-quality games, with an increased likelihood of passing the approval process [5]. - The rise of casual and puzzle games, particularly after the success of titles like "Party of Eggs," indicates a shift in industry focus towards more engaging and innovative game types [9][10]. - The gaming industry is expected to enter a new phase of rapid growth over the next decade, driven by both domestic and international market opportunities [4][17].

Core Insights - The National Press and Publication Administration announced the approval of 147 domestic online games in June 2025 [1] Industry Summary - A total of 147 games received approval in June, indicating a continued regulatory support for the domestic gaming industry [1]

Market Insights - The 20-year U.S. Treasury auction results were disappointing, with a final yield of 5.047%, leading to a surge in bond yields and a significant drop in U.S. stock markets, marking the largest decline in a month [1] - Bitcoin surpassed the $110,000 mark for the first time, with a total market capitalization exceeding $2.1 trillion, as the cryptocurrency market continues to rise [4] Macro Developments - Shanghai has launched a special action plan to boost consumption, which includes six major initiatives such as promoting vehicle consumption and accelerating the renovation of old residential areas [2] - Eight government departments have jointly issued a document supporting small and micro enterprises in equity financing, allowing eligible companies to list on the New Third Board and subsequently on the Beijing Stock Exchange [3] Policy Focus - In May, 130 domestic online game licenses were approved, with a projected total of 1,306 licenses for the year, representing a growth of over 34% compared to the same period in 2023 [9] - The Shanghai Computing Power Trading Platform has been initiated, with institutions optimistic about the timing for computing power allocation driven by AI demand [10] Company Announcements - Shanghai Laishi's controlling shareholder plans to increase its stake in the company by 250 million to 500 million yuan [12] - Guokewai is planning a major asset restructuring, leading to a suspension of its stock [14]

Domestic News - Shanghai is promoting automobile consumption and has introduced new subsidies for digital products such as mobile phones, tablets, and smartwatches, as well as increased support for green home appliances and home decoration [1] International News - Demand for 20-year U.S. Treasury bond auctions was weak, with yields on both 20-year and 30-year bonds rising above 5%, leading to significant declines in U.S. stock markets [2] - The European Union is reportedly planning to propose a trade initiative to the U.S. to facilitate negotiations [2] - Nike plans to raise prices in the U.S., while Amazon's CEO stated that tariffs have not reduced demand [2] - The Chicago Mercantile Exchange intends to establish a warehouse in Hong Kong to enhance its presence in the Asian market [3] - OpenAI's largest data center has secured $11.6 billion in funding [3] - Bitcoin surged to nearly $110,000, reaching a historic high [3]

Group 1 - The State Financial Supervision Administration and seven other departments issued measures to support financing for small and micro enterprises, emphasizing the establishment of a coordination mechanism for financing support [1] - The measures include conducting extensive visits to small and micro enterprises to assess their operational status and financing needs, facilitating direct access to bank credit [1] - There is a focus on addressing the operational difficulties faced by small and micro enterprises and encouraging support for key sectors such as foreign trade, private enterprises, technology, and consumption [1] Group 2 - In May 2025, a total of 130 domestic online games were approved by the National Press and Publication Administration [2] Group 3 - The State Council announced the removal of Wang Jianjun from the position of Vice Chairman of the China Securities Regulatory Commission [3] Group 4 - The Shanghai Municipal Government issued a plan to boost consumption, which includes measures to promote reasonable income growth and improve wage distribution mechanisms [4] - The plan aims to enhance the minimum wage adjustment mechanism and support the development of the rural economy and new business models [4] Group 5 - Shanghai is accelerating the introduction of childcare subsidies and maternity social security subsidies as part of its efforts to build a family-friendly society [5] - The city plans to explore increasing parental leave and spouse's paternity leave while enhancing the quality of public kindergartens [5] Group 6 - The Ministry of Foreign Affairs stated that China has the capability and confidence to handle external risks, including tariff wars, as evidenced by a 2.4% year-on-year increase in total goods import and export in the first four months of the year [6] - Exports grew by 7.5%, indicating strong international competitiveness despite high tariff barriers [6] Group 7 - The Ministry of Foreign Affairs expressed strong opposition to the EU's unilateral sanctions against Chinese companies, emphasizing the need for fair trade practices [8] - The ministry highlighted that normal business interactions between Chinese and Russian companies should not be disrupted by these sanctions [8] Group 8 - The Dalian Commodity Exchange announced trading arrangements for the Dragon Boat Festival period, with a market closure from May 31 to June 2, 2025, and a return to normal trading on June 3 [9] Group 9 - Heng Rui Pharmaceutical set the issuance price for its H-shares at HKD 44.05 per share [11] - Xinyuan Technology plans to issue H-shares and list on the Hong Kong Stock Exchange [11] - The company Guokai Microelectronics is planning a major asset restructuring, leading to a suspension of its stock from May 22 [11]