Kweichow Moutai A-shares face Monday test after Feitian Maotai scam warning
Kweichow Moutai warned of fake online “enterprise” links selling Feitian Moutai subscriptions at 1,499 yuan, stressing it has not authorized such sales. Shares closed Friday at 1,382 yuan, down 0.5%, with major baijiu rivals also slipping. New margin rules take effect Monday, raising trader caution ahead of the Lunar New Year. The company said 2026 contracts are handled offline through official stores.