(Yicai Global) Dec. 22 -- Shanghai's main equity benchmark slid in the morning session while Shenzhen's two stock indexes ended higher amid strength in major liquor shares.

The Shanghai Composite Index dropped 0.2 percent lower to 3,413.83 by noon. The Shenzhen Component Index was at 14,157.77, up 0.16 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, rose 0.05 percent to 2,883.94.

Shares of China's most valuable distiller Kweichow Moutai [SHA:600519] reached another historic high at CNY1,891.21 (USD289). Its major competitor, Wuliangye Yibin [SHE:000858], also hit an all-time high this morning. The share price was 1.8 percent up at CNY287.02 (USD44) by lunchtime.

Editor: Emmi Laine