China Tobacco jumps; co says regulation not affecting cigarettes business

China Tobacco International (HK)

28/07/2025 07:55

** Shares of China Tobacco International 6055.HK jump 16.5% to HK$38.05, their highest since June 5, and on course for third straight session of gains

** Stock set for the biggest one-day pct gain since June 2024

** The cigarettes and tobacco leaf products import and export group said China's draft regulation regarding "Measures for the Administration of Tobacco Products in Domestic Duty-free Markets" will not affect its exclusive cigarettes export business

** Company said it has reached consensus with China Tobacco International Inc on maintaining the firm’s operating position for procuring cigarettes and exclusively selling them to the Chinese domestic duty-free market

*** China Tobacco International is the sole enterprise qualified for state trading in import and export of tobacco

** Hang Seng Consumption Index .HSCGSI slips 0.8%, while    benchmark Hang Seng Index .HSI climbs 0.4%

** YTD, stock up 57.1%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))