HK Stock Market Move | SMOORE INTL (06969) rose nearly 9% in midday trading. The State Tobacco Monopoly Administration plans to implement overall management of electronic cigarette manufacturers.

SMOORE INTL (06969) rose nearly 9% during the day, and as of the time of writing, it was up 8.56% to 9.77 Hong Kong dollars, with a turnover of 272 million Hong Kong dollars. On the news front, on April 2nd, according to the official website of the State Tobacco Monopoly Administration, the State Tobacco Monopoly Administration decided to modify some provisions of 7 electronic cigarette regulatory policy documents. According to the revised content, the "balance of supply and demand under total management" will be changed to "total management under dynamic balance of supply and demand," and total management will be carried out for electronic cigarette-related production enterprises, and production capacity and scale will be determined in accordance with laws and regulations. In the view of many industry insiders, electronic cigarette regulation has entered the stage of refined governance from the stage of framework establishment. In the future, electronic cigarette regulation will show a trend of precision control, differentiated regulation, and overarching control. The electronic cigarette industry will be in a "restrictive development" channel for the long term, achieving high-quality development under the strict ceiling of production capacity.