Hi everyone. I’m Stephanie LI. Coming up on today’s program. · China’s gaming regulator approves 105 new games; · Joint-stock banks follow suit on a new round of deposit rate cuts. Here’s what you need to know about China in the past 24 hours  The National Press and Publication Administration (NPPA) on Monday announced the approval of 105 domestically produced online games in December, covering a large number of game makers.  The announcement, following the approval on Friday of a batch of overseas-made games for import, is a clear indication that the regulator is actively supporting the development of the country's games industry, said an article authored by the Game Publishing Committee of Chinese Audio-Visual and Digital Publishing Association. To date in 2023, the NPPA has approved 977 domestically made games, more than doubling last year’s figure at 468, public data showed. The NPPA on Saturday said in a statement that a set of new draft regulation released on Friday to guide online gaming sector aims to promote the industry's healthy development, after the draft rules caused heated discussion in the country.  The NPPA has heard the "concerns and opinions raised by all parties" and the administration "will study them carefully and further revise and improve" the draft rules, the statement read. According to the draft rules, online games will not be allowed to offer incentives and rewards for daily logins, or first and consecutive in-game purchases. Game publishers will be prohibited from promoting or allowing high-priced transactions of virtual gaming items through speculation and auction, it said. Other stipulations include limiting the recharge amount of users, and issuing pop-ups that warn them of irrational consumption behavior. The draft regulation sent gaming shares tumbling on Friday, and a couple of Chinese online gaming companies including Tencent Holdings, 37 Interactive Entertainment and Giant Interactive Group have announced plans to buyback their own stocks after Friday’s selloff. Tencent Games said the draft rules will not change the reasonable business models and operations of gaming companies, adding that  the regulations offer more clarity about the country's supportive attitude toward the industry, and has provided guidance in encouraging high-quality original games. NetEase Games said on Saturday that the draft targets management shortfalls and will not have an intrinsic impact on its business. In recent years, China's gaming industry has been robust and attained considerable achievements. The actual sales revenue of the country's game sector this year is expected to reach 300 billion yuan milestone for the first time, and the number of users would hit a new high of 668 million, according to a recently released industry report.  Moving on to regional highlights · China's first domestically-built large cruise ship, the "Adora Magic City," departed from a port in Shanghai on Sunday, starting its trial operation. Carrying invited guests and nearly 1,300 crew members from around the world, the ship set off after noontime Sunday from the Shanghai Wusongkou International Cruise Terminal and is expected to return to the terminal on Monday. Another trial operation is scheduled afterward to prepare for the commercial maiden voyage to Northeast Asia on Jan 1. Greater Bay Area, Greater Future · A housing project in Shenzhen where apartments were priced at up to 28.4 million yuan was sold out on its first day on the market, mainly thanks to eased real estate policies and relatively cheaper pricing. All the 270 apartments of a property project in Shenzhen’s Nanshan district were sold on Saturday, the first day of sales, according to Shenzhen Metro Group, the developer of the project. Some 553 potential buyers had paid a 2 million yuan deposit each as a pledge intention, with less than half of them finally got their wishes. The apartments had floor areas of between 189 and 249 s