Beijing’s lack of guidance on the resumption of new video game approvals is fuelling speculation of an extended licensing freeze, which could lead to increased market volatility for Chinese gaming stocks, more job cuts in the industry and a greater push by affected companies to expand into overseas markets. The National Press and Publication Administration (NPPA), which is in charge of licensing video games in China, has not published a list of approved new titles since the end of July. The licensing process has now been in limbo for about seven months, marking the longest freeze in approvals since a...