Xuan Gu Bao·2025-10-30 14:50Group 1 - The Chinese government is set to enhance the duty-free shop policy starting November 1, 2025, to boost consumption and attract foreign visitors [1] - The new policy will optimize the management of domestic tax refund (exemption) policies and support the sales of domestic products in both port exit and city duty-free shops [1] - The expansion of product categories in duty-free shops is expected to enrich consumer shopping experiences and promote the growth of domestic brands [1] Group 2 - China Duty Free Group primarily engages in tourism retail business focused on duty-free products, including tobacco, alcohol, cosmetics, luxury goods, clothing, and electronics [2] - Hainan Airlines Group plans to acquire control of Hainan Duty Free through cash and/or asset payments to Hainan Tourism Investment [2]