China Bolton (03318) continues to expand its gains in the afternoon by more than 6%, the State Tobacco Administration releases a new policy for e-cigarette-related industries

The State Tobacco Administration issued a new policy for e-cigarette-related industries,China Bolton(03318) The afternoon increase continued to expand by more than 6%. As of 14:49, it rose 6.12% to HK$5.2, with a turnover of 26,731,800.

On the news side, the State Tobacco Monopoly Administration publicly solicited opinions on the “Administrative Measures for Electronic Cigarettes (Draft for Comment).” The draft opinion proposes that electronic cigarette products should be registered by the tobacco monopoly administrative department before they are marketed in China, and those that meet the conditions should be registered and included in the electronic cigarette product catalog. The establishment of e-cigarette manufacturing enterprises, e-cigarette processing enterprises, e-cigarette brand holding enterprises and e-cigarette nicotine production enterprises must be approved by the tobacco monopoly administrative department of the State Council, obtain a tobacco monopoly production enterprise license, and be subject to market supervision and management The department approves the registration. E-cigarette manufacturers, e-cigarette substituting processing enterprises, and e-cigarette nicotine manufacturers must obtain the approval of the administrative department of tobacco monopoly under the State Council for basic construction or technological transformation in order to expand their production capacity.

The draft opinion proposes that the State Council’s tobacco monopoly administrative department establishes a unified national e-cigarette transaction management platform. E-cigarette manufacturers, e-cigarette processing companies, e-cigarette brand holders, e-cigarette nicotine manufacturers, e-cigarette wholesale companies, e-cigarette retail companies, and individuals that have obtained tobacco monopoly licenses in accordance with the law shall manage e-cigarette transactions Trade in the platform. No individual, legal person or other organization may sell e-cigarette products and nicotine for e-cigarettes through information networks other than the e-cigarette transaction management platform specified in these Measures. Before e-cigarette products enter the unified e-cigarette transaction management platform for sale, the tax base price shall be verified as required.

(Source: Zhitong Finance Network)

Article source: Zhitong Finance Network

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Original title: Hong Kong stocks move ︱ China Bolton (03318) Afternoon gains continue to expand by more than 6%, the State Tobacco Administration issued a new policy for e-cigarette-related industries.