Share of Moutai becomes China's first 1,000-yuan stock since 2005

Shares in Kweichow Moutai, a top Chinese distillery that produces top level baijiu spirits, traded at a new record high of 1,001 yuan ($145) on the Shanghai Stock Exchange on June 27.

It's the first Chinese company to hit the 1,000-yuan milestone since the country overhauled its stock market in 2005.

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