(Apr 4): China’s booming equity market is getting closer to featuring its first 1,000 yuan stock.
Four analysts tracked by Bloomberg predict liquor giant Kweichow Moutai Co. will get there within the next 12 months. The shares have rallied 47% this year, helped by a surge in sales that defied concern of a consumer slowdown. The stock rose 2.4% on Thursday, closing at 865 yuan ($1274).
