旅游ETF（562510）跟踪中证细分旅游指数，专注服务消费，不含商品消费，覆盖免税、航空公 司、酒店餐饮等细分行业。 每日经济新闻 （责任编辑：贺翀 ） 2月9日早盘，旅游板块情绪较强，旅游ETF（562510）早盘持续攀升，现涨近1.5%，旅游ETF （562510）近5个交易日累计"吸金"1.62亿元，备受资金青睐。 2月6日，海南省宣布在海口、三亚、儋州三个地级市共开设5家日用消费品免税店各店定于2月11日 南方小年开业。下一步，海南省将及时评估，逐步扩大布局范围，直到岛内各市县全覆盖。离岛免税是 给离岛旅客的"政策红利"，而日用消费品"零关税"是给岛内居民的"生活福利"。两大政策共同构成了既 吸引消费回流，又惠及本地民生的"零关税"政策体系。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com ...

各店定于2月11日南方小年开业。下一步，海南省将及时评估，逐步扩大布局范围，直到岛内各市县全 覆盖。 日用消费品免税和离岛免税有何区别？ 周正介绍，离岛免税是给离岛旅客的"政策红利"，而日用消费品"零关税"是给岛内居民的"生活福利"。 这两者政策目标、享惠对象、适用条件、免税额度和商品品类等存在差异，主要区别在于： 与此同时，这两个政策也有比较密切的联系，共同构成的既吸引消费回流，又惠及本地民生的"零关 税"政策体系。 今天（6日），海南省新闻办公室举行新闻发布会介绍，海南全省首批在海口、三亚、儋州三个地级市 共开设5家日用消费品免税店。具体布局为—— 复审：曹光宇 终审：臧立 海口市国贸商圈、城西商圈、西海岸商圈各设立1家日用消费品免税店； 三亚市中央商务区凤凰海岸单元胜利路范围内设立1家日用消费品免税店； 儋州市夏日广场设立1家日用消费品免税店。 从政策目标上，离岛免税核心政策目标是为了促进、吸引消费回流，支持国际旅游消费中心建 设；日用消费品"零关税"政策是为了降低居民生活成本，让岛内的老百姓有更多的获得感。 从享惠对象上，离岛免税政策是包括岛内居民在内的年满18周岁的离岛或离境旅客；日用消费 品"零关 ...

Group 1 - The core viewpoint of the news is that the implementation of the new duty-free policy and the official operation of Hainan Free Trade Port have led to a significant increase in the duty-free shopping market in Hainan, with a notable performance in January 2026 [1] - In January 2026, the total duty-free shopping amount reached 4.53 billion yuan, with 560,000 shoppers and 3.367 million items purchased, representing year-on-year growth of 44.8%, 21%, and 14% respectively [1] - Among the shopping demographics, departing travelers purchased duty-free goods worth 18.316 million yuan, while local residents' "immediate purchase and pick-up" shopping amounted to 14.389 million yuan [1] Group 2 - To enhance the circulation of duty-free products, Haikou Customs has implemented measures such as "guaranteed exemption" connections, "centralized + automated" order reviews, and remote supervision to ensure timely availability of popular products [3] - A multi-party rapid processing mechanism has been established involving customs, duty-free enterprises, public service platforms, and passenger transport companies to improve the shopping experience for travelers [3] - Comprehensive measures including "risk assessment + on-site inspections + joint law enforcement" have been adopted to combat smuggling related to "proxy purchasing" [3]

中新网海口2月5日电 (王定哲 冯健能)随着离岛免税新政实施和海南自贸港封关运作正式启动，海南离 岛免税购物市场迎来"开门红"。海口海关5日披露，2026年1月，海南离岛免税购物金额45.3亿元，购物 人数56.0万人次，购物数量336.7万件，同比分别增长44.8%、21.0%和14.0%。 从购物群体来看，2026年首月，离境旅客购买离岛免税商品1831.6万元；岛内居民"即购即提"购物金额 1438.9万元。 1月18日，顾客在cdf海口国际免税城选购化妆品。 中新网记者 骆云飞 摄 "为承接封关运作为海南离岛免税市场带来的高人气、高流量，数月前我们就策划方案、筹备活动、储 备商品，并重新装修规划空间，打造更舒适的购物场景，争取为国内外旅客提供更好的购物体验。"cdf 海口日月广场免税店销售部副总监孙子雅介绍。 为了让免税商品流通"快起来"，海口海关采用"保免"衔接、"集中+自动"审单、远程监管等举措，保障 热销商品及时上架。建立海关、免税企业、公共服务平台、客运企业多方联合快处机制，快速核销旅客 购物异常数据，提升旅客购物体验。同时综合采取"风险研判+现场巡查+联合执法"等措施，坚决打 击"套代购"走 ...

Core Viewpoint - The 2026 Spring Festival travel season has commenced, marking the first such event since the full closure of Hainan Free Trade Port, with significant increases in passenger and vehicle transport demand due to policy benefits like "visa-free entry" and "duty-free shopping" [1] Group 1: Transportation Demand - During the Spring Festival, over 4.66 million passengers and 1.17 million vehicles are expected to be transported across the Qiongzhou Strait, representing a year-on-year increase of 12% and 10% respectively compared to the same period in 2025 [1] - The demand for transporting new energy vehicles is notably rising, with an expected transport volume surpassing 200,000 units [1]

2026 年 2 月 2 日星期一 【实时热点】 告 【美国债市】 请务必阅读免责条款 1 证 券 研 究 报 美国总统特朗普正式提名前美联储理事凯文·沃什为下任美联 储主席 美国 12 月 PPI 全面高出预期 欧元区 2025 年经济预计增长 1.5% 中国 1 月官方制造业 PMI 回落至 49.3，低于预期 证监会：拟扩大战略投资者类型，明确最低持股比例要求 吴清：全力巩固资本市场稳中向好势头 国家税务总局明确起征点标准等增值税征管事项 2025 年我国可再生能源发电装机占比超过六成 海南离岛免税新政实施以来购物金额破 100 亿元 SpaceX 去年营收据悉约为 150-160 亿美元 2 年期美债收益率跌 2.85 个基点报 3.522% 5 年期美债收益率跌 2.42 个基点报 3.788% 10 年期美债收益率涨 0.62 个基点报 4.237% 资料来源：BLOOMBERG、AASTOCKS、WIND、格隆汇、国元证券经纪（香港）整理 【新股资讯】 | 序号 | 招股日 | 代码 | 简称 | | --- | --- | --- | --- | | 1 | 2026-02-02 | 2720 ...

Core Viewpoint - The 2026 Spring Festival transportation period in Hainan is expected to see significant growth in passenger and cargo transport demand due to policies like "visa-free entry" and "duty-free shopping" [2][4]. Group 1: Transportation Demand - During the Spring Festival, it is estimated that 4.66 million passengers and 1.17 million vehicles will be transported, representing a year-on-year increase of 12% and 10% respectively compared to 2025 [4]. - The peak day for vehicle transport may reach 42,000 units, with the demand for new energy vehicles crossing 200,000 units, accounting for 17% of the total small vehicle transport volume [4]. Group 2: Capacity Enhancement - The introduction of two new energy vehicle transport ships, "Lvyuan No. 6" and "Lvyuan No. 9," will enhance the transport capacity by 40%, allowing for the transport of 5,000 new energy vehicles daily during the Spring Festival [6]. - Each of the new ships can carry 155 and 207 standard new energy vehicles per trip, respectively, and will operate alongside existing vessels to form a specialized transport fleet [6]. Group 3: Operational Coordination - A collaborative mechanism has been established between the Zhanjiang Maritime Department and transportation authorities to implement tailored strategies for each ship carrying new energy vehicles [6]. - The entire ferry system has adopted a "full reservation" model, allowing drivers and passengers to book tickets in advance through various online platforms [8].

Group 1 - The core viewpoint of the article highlights that since the implementation of the new duty-free policy in Hainan on November 1, 2025, the total shopping amount has exceeded 10.05 billion RMB, with 1.326 million shoppers, representing a year-on-year increase of 25.32% and 1.84% respectively [1] - The new policy has expanded the categories of duty-free goods to 47, allowing six categories of domestic products to be sold duty-free, thus broadening the scope of beneficiaries [1] - The shopping experience has been enhanced, with consumers showing interest in new product categories such as Bose noise-canceling headphones, and stores are conducting promotions with discounts as low as 30% [1] Group 2 - Since the implementation of the new policy, foot traffic has increased by 35.4% and sales revenue has grown by 25.8% compared to the same period last year [2] - The shopping trend is shifting from bulk purchasing to experiential shopping, with more customers preferring to shop in interactive environments [2] - Hainan plans to further enrich the supply of duty-free goods and enhance service levels, including the implementation of a "zero tariff" policy for daily consumer goods and the expansion of duty-free shops [2]

Summary of Conference Call Records Industry Overview - The duty-free industry is experiencing significant changes, with cosmetics leading the category at 45% of sales by 2025, followed by jewelry at approximately 20% and a notable increase in gold sales due to new investment policies. However, the import of gold bars will be suspended by the end of 2025, leading to a decrease in mobile phone sales to around 14% and clothing and accessories at 12% [1][4][19]. Key Insights and Arguments - **Sales Growth Factors**: The increase in average transaction value in 2025 is primarily concentrated in Q4, driven by the launch of the iPhone 15, the National Day holiday effect, and the influx of customers due to the December closure. This upward trend is expected to continue into 2026, supported by increased visitor flow and a willingness to purchase high-ticket items [1][5]. - **Market Share Dynamics**: Sanya dominates the duty-free market with over 50% of sales, while China Duty Free Group (CDFG) holds an 80% market share, with pure duty-free sales reaching 85%. Other players like Wangfujing are on the rise, while Haikou's performance is declining [1][6]. - **Sales Projections for 2026**: The duty-free industry is expected to see high growth rates at the beginning of 2026, particularly during the Spring Festival, with a conservative estimate of at least double-digit growth despite potential limitations in store capacity [1][8][19]. - **New Store Openings**: There are plans for a new duty-free store at Phoenix Airport T3, likely operated by CDFG or Haikou Duty Free. However, the short-term potential for foreign investment in the duty-free market remains low [1][9]. Additional Important Content - **Consumer Behavior**: The average spending per person for outbound tourists is approximately 8,500 yuan, compared to 6,000 yuan for domestic tourists. The gap is narrowing due to increased gold purchases by domestic consumers [15]. - **Government Initiatives**: In 2025, the Hainan government issued 2.1 billion yuan in duty-free consumption vouchers, the largest amount ever. For 2026, additional vouchers are planned to stimulate consumption, particularly in Sanya [17][18]. - **Tax Reform Implications**: There is no clear timeline for tax reform, which could significantly impact the duty-free market. If implemented, it may lead to a loss of competitive advantage for existing duty-free stores as brands could sell directly to consumers [20]. Conclusion The duty-free industry in Hainan is poised for growth, driven by strategic government policies, changing consumer preferences, and market dynamics. However, challenges such as capacity limitations and potential tax reforms could impact future performance.

Group 1: Core Perspectives - Hainan's free trade port is positioned as a strategic hub for dual circulation, evolving its functions gradually [1] - The long-term focus on duty-free shopping is essential for Hainan to establish itself as an international tourism consumption center [1] - The capital market and real estate stabilization may boost consumer confidence, particularly among high-net-worth individuals, benefiting the duty-free sector [1] Group 2: Policy Insights - Hainan's free trade port is leveraging the closure to enhance high-level openness, with a tax system featuring "zero tariffs and low tax rates" [2] - The policy framework aims to attract quality industries and talent, particularly in high-value sectors like biomedicine and high-end manufacturing [2] - The implementation of facilitation measures is designed to break down barriers for cross-border flows of various elements, enhancing Hainan's position as a regional offshore trade center [2] Group 3: Duty-Free Market Dynamics - The duty-free market in Hainan is experiencing a significant adjustment period, with sales expected to decline until 2024 [3] - Recent policy changes have relaxed restrictions on product categories and consumer sources, potentially unlocking new consumption scenarios [3] - In November, sales reached 5.02 billion yuan, a year-on-year increase of 46.8%, indicating a positive turning point in consumer engagement [3]