State Tobacco Monopoly Administration: Strictly control the new production capacity of the electronic cigarette industry, and reasonably control the scale of production capacity

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 Titanium Media App reported on April 25 that the State Tobacco Monopoly Administration issued a number of policy measures (trial) to promote the legalization and standardization of the e-cigarette industry, which mentioned that adjusting and optimizing the industrial structure, strictly controlling new production capacity, and reasonably controlling the scale of production capacity, Prevent overcapacity. Guided by optimizing resource allocation and meeting market demand, maintaining industrial concentration at a reasonable level, and guiding enterprises that are not suitable for market competition to exit in an orderly manner. Establish a pre-review system for IPOs and listing applications of e-cigarette companies at home and abroad. The administrative department of tobacco monopoly of the State Council shall perform the pre-examination duties, and the e-cigarette companies that intend to list can only perform the follow-up listing procedures after examination and approval.

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