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-0.00382409177820276 -0.0114722753346081 -0.0019120458891013 0.017208413001912 0.0707456978967495 -0.0162523900573614 -0.0458891013384322 -0.0200764818355641
Stock impact report

UPDATE 1-China brings e-cigarettes under tobacco monopoly law [Reuters]

RLX Technology Inc. American Depositary Shares, each representing the right to receive one (1) Class A ordinary share (RLX) 
Company Research Source: Reuters
BEIJING, Nov 26 (Reuters) - China amended its tobacco monopoly law on Friday to include e-cigarettes, stepping up regulation of the fast-growing vaping industry in the world's largest tobacco market. The cabinet order, published on the Chinese government's website and signed off by Premier Li Keqiang, comes into effect immediately. A number of Chinese e-cigarette companies have been set up in recent years to tap into domestic sales potential, among them market leader RLX Technology Inc (RLX.N) . Chinese regulators had in March this year flagged plans to bring the rules governing the sale of e-cigarettes and other new tobacco products into line with those for ordinary cigarettes. They had previously been in a regulatory grey area. China's tobacco industry is controlled entirely via a government monopoly, and strict controls determine which companies and retailers can produce and sell cigarettes. The government outlawed the sale of e-cigarettes to minors in 2018 and banned online sales Show less Read more
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