Zhi Tong Cai Jing·2025-12-18 02:34Core Viewpoint - China Duty Free Group (601888) (01880) experienced a decline of over 4%, currently trading at HKD 67.25 with a transaction volume of HKD 122 million [1] Group 1: Policy Changes - Starting from December 18, 2025, Hainan Free Trade Port will officially implement a full island closure, introducing a series of policies including import tax item catalog, tax policies for goods circulation, restricted item lists, and duty-free policies for domestic sales of processed goods [1] - Huaxi Securities (002926) indicated that with the continuous deepening of the company's retail network layout in Hainan, along with the gradual recovery of high-end consumption and optimization of Hainan Free Trade Port policies, the company's business operations are expected to continue to improve [1] Group 2: Business Developments - China Duty Free Group announced that it has received a bid notification from Shanghai International Airport, confirming that its wholly-owned subsidiary has won the bid for duty-free store projects at Shanghai Pudong International Airport and Shanghai Hongqiao International Airport [1] - The company has signed contracts for the transfer of operating rights for the duty-free store projects at Shanghai Pudong International Airport T2 terminal and S2 satellite hall, as well as the T1 terminal at Shanghai Hongqiao International Airport [1] - The market is currently focused on the upcoming disclosure of the bid candidates for the capital airport [1]