中信证券：离境退税政策优化 利好入境旅游及零售

Group 1 - The core viewpoint of the article is that the optimization of the departure tax refund policy, such as "buy and refund immediately," will boost inbound tourism and retail, thereby stimulating domestic consumption [1] - The report references the development of Japan's tax refund policies, indicating that such optimizations have significantly driven growth in inbound tourism and increased sales through tax refund channels [1] - The long-term market potential for departure tax refunds is substantial, suggesting a broad market space for growth [1] Group 2 - The report recommends paying attention to tourism retail operators, tourism service providers, consumer infrastructure and related operators, scenic spots, and cross-border ecological service providers [1]