Core Viewpoint - The new duty-free shopping policy in Hainan, effective from November 1, aims to expand product categories and increase purchasing eligibility, potentially leading to sales growth [1][3]. Group 1: Sales Performance - The decline in Hainan's duty-free sales is narrowing, with average daily sales during the Mid-Autumn Festival and National Day holiday showing a year-on-year increase of 5.4%, driven by a rise in average transaction value [2]. Group 2: Policy Changes - The new duty-free policy expands the range of products available, adding categories such as pet supplies, portable musical instruments, drones, and small appliances, increasing the total from 45 to 47 categories [3]. - It also allows domestic products like clothing, ceramics, and coffee to be sold in duty-free shops, with tax exemptions [3]. - The eligibility for duty-free purchases has been broadened to include departing travelers, and local residents can now make unlimited purchases of specified items after leaving the island, with an annual spending cap of 100,000 yuan [3]. Group 3: Future Outlook - The official launch of Hainan's free trade port on December 18, 2025, is expected to enhance tourism infrastructure and attract more visitors, thereby boosting duty-free sales [4]. - The construction of the free trade port may impact the competitive landscape of Hainan's duty-free market and stimulate the tourism sector [4].
中金：海南离岛免税新政发布 有望带来销售增量
智通财经网·2025-10-20 06:51