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Stock impact report

UPDATE 2-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) . RLX, whose shares closed 1.8% higher on Friday, said on its official WeChat account that it would heed the rules and make any required changes. Chinese regulators in March 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 by a government monopoly, and strict controls determine which companies and retai Show less Read more
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