The Zhitong Finance App learned that at the beginning of the session, e-cigarette concept stocks collectively rebounded, and Huabao International (00336) rose by up 10%. Recently, the nationally unified e-cigarette transaction management platform launched a closed beta. Two Vuse products received PMTA, making them the largest e-cigarette brand in the US market. As of press release, Huabao International (00336) rose 8.33% to HK$4.29; Smore International (06969) rose 6.19% to HK$17.84; China's Bolton (03318) rose 3.60% to HK$2.88; BYD Electronics (00285) rose 2.74% to HK$15.74; China Tobacco Hong Kong (06055) rose 1.02% to HK$11.94.

Recently, pilot cities for e-cigarette regulation, Huizhou and Xiamen began intensive testing of the nationally unified e-cigarette transaction management platform developed by Haisheng Rongchuang, a subsidiary of Fujian Tobacco. The transaction management platform is expected to be opened to licensed entities nationwide on June 15. Licensed entities can trade on the platform.

On May 12, the FDA approved PMTA applications for Vuse Vibe and Vuse Ciro e-cigarette devices owned by British American Tobacco and their tobacco-flavored cigarettes.

Tianfeng Securities believes that the incident shows that the FDA approves the harm reduction characteristics of vaporized e-cigarettes, and there is a high probability that the relevant product lines of other compliant manufacturers will also be approved for listing in the later stages. According to a review by Huaan Securities, it is expected that it is highly certain that Alto, the main Vuse product manufactured by Smore International (06969), will be reviewed later. The company is deeply tied to leading customers in the US market, which is expected to fully benefit from the growth in the US e-cigarette market share of major customers.