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CICC: Mainland China's social retail sales in August were under pressure on a monthly basis, focusing on the implementation of policies to promote consumer spending.
CICC's report states that the National Bureau of Statistics announced a total retail sales of 3.87 trillion yuan (same below) in August, with a year-on-year increase of 2.1% and a monthly decrease of 0.6 percentage points in growth rate. From January to August, the total retail sales reached 31.2 trillion yuan, an increase of 3.4% year-on-year. In terms of structure, the service industry and online channels performed relatively well in August, and the resilience of essential consumer goods consumption was highlighted. It is recommended to pay attention to the subsequent consumption rebound trend driven by policies such as replacement of old with new to expand domestic demand and promote consumption. CICC is bullish on the performance of leading companies in the light industry and retail cosmetics sector this year, and focuses on recommending leading players in high-prosperity tracks, such as giants in the cosmetic and medical beauty tracks, such as Shengshi Biology.
Hong Kong stock market's abnormal movement | ctihk (06055) rose more than 4% in the afternoon as tobacco prices are in an upward cycle, and the recovery of cigarette exports is driving the company's growth.
ctihk (06055) rose more than 4% in the afternoon, as of the time of writing, it rose 2.36%, to 15.6 Hong Kong dollars, with a turnover of 12.2165 million Hong Kong dollars.
CTIHK: 2024 Interim Report
State Tobacco Monopoly Administration: The ex-factory price and suggested retail price of domestically produced e-cigarette products are determined by the enterprise independently.
The State Tobacco Monopoly Bureau issued a notice on the revision and promulgation of the Electronic Cigarette Trading Management Measures, proposing that the domestic sales price and suggested retail price of domestically produced electronic cigarette products be independently determined by electronic cigarette manufacturers and electronic cigarette brand-holding companies. The wholesale price should be reasonably determined by electronic cigarette wholesale companies based on factors such as operating and management costs and national tax policies on the basis of the ex-factory price. The import price and suggested retail price of imported electronic cigarette products should be determined through negotiation between electronic cigarette import enterprise and foreign merchants, and the wholesale price should be reasonably determined by the electronic cigarette import enterprise based on factors such as operating and management costs and national tax policies on the basis of the import price. The same rules
HK stock concept tracking | National Tobacco Monopoly Bureau releases the notice on revising and issuing the detailed rules for the management of electronic cigarette trade, allowing companies to independently determine the prices (including concept stock
The ex-factory price and suggested retail price of domestically sold e-cigarette products are independently determined by the e-cigarette product manufacturers and the e-cigarette brand-holding companies.
Express News | The State Tobacco Monopoly Administration: The administrative department of tobacco monopoly under the State Council has established a unified national electronic tobacco trade management platform.
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