Core Viewpoint - The Ministry of Finance, along with other government departments, has issued a notice to enhance the duty-free shop policy starting November 1, aimed at boosting consumption, encouraging overseas spending to return, attracting foreign visitors, and promoting the healthy development of duty-free retail business [1] Group 1: Policy Enhancements - The policy optimizes the management of domestic goods tax refund (exemption) policies, supporting both port exit duty-free shops and city duty-free shops to sell domestic products, and encourages the introduction of high-quality products reflecting traditional Chinese culture [2] - The range of products available in duty-free shops is expanded to include more portable consumer goods, adding popular items such as mobile phones, mini drones, sports equipment, health foods, over-the-counter drugs, and pet foods, thereby enriching shopping options for travelers [2] - Approval authority for duty-free shops is relaxed, delegating powers for establishing port exit duty-free shops and determining operating entities, while optimizing the criteria for determining the operating area of these shops to support local integration and optimization of duty-free shop layouts [2] - Measures for convenience and regulation of duty-free shops are improved, allowing online booking services for port exit and city duty-free shops, and enabling travelers to reserve items in city duty-free shops for pickup at port entry duty-free shops, enhancing the shopping experience for travelers [2]

Core Viewpoint - The Chinese government is set to enhance the duty-free shop policy starting November 1, 2025, aiming to boost consumption, attract foreign visitors, and promote the healthy development of duty-free retail business [5][17]. Summary by Sections Policy Enhancements - The policy will optimize the management of domestic goods' tax refund (exemption) policies, supporting the sale of domestic products in both exit and city duty-free shops [6][7]. - Duty-free shops will expand their product categories to include more portable consumer goods, such as mobile phones, drones, sports equipment, health foods, over-the-counter drugs, and pet foods [9][10]. - Approval authority for duty-free shop establishment will be decentralized, allowing local governments to tailor the layout and construction of duty-free shops according to regional needs [11][14]. Consumer Experience Improvement - The policy will enhance the convenience and regulatory measures for duty-free shopping, including online reservation services for travelers [15][16]. - Travelers will be able to pre-order duty-free goods online and pick them up at designated locations, improving the shopping experience [16][17]. Implementation and Coordination - The Ministry of Finance will coordinate with relevant departments to ensure the policy is effectively implemented, while local governments will oversee the management of duty-free shops in their regions [17][18].

Core Viewpoint - The Ministry of Finance and four other departments have issued a notice to improve the duty-free shop policy to boost consumption, focusing on optimizing domestic goods tax refund (exemption) management and supporting the sales of domestic products in both port exit duty-free shops and city duty-free shops [1] Group 1: Policy Enhancements - The notice emphasizes the optimization of domestic goods tax refund (exemption) policy management [1] - It encourages enterprises with duty-free product operating qualifications and foreign-invested enterprises approved by the State Council to increase the procurement of high-quality domestic products [1] - Domestic product procurement by relevant enterprises for sale in port exit duty-free shops and city duty-free shops will be treated as exports, allowing for the refund (exemption) of value-added tax and consumption tax [1]

新华社权威快报|支持提振消费！免税店政策11月1日起"升级" 财政部等五部门印发通知明确 自2025年11月1日起 完善免税店政策支持提振消费 积极支持国内商品进入免税店销售 新华社权威快报 进一步扩大免税店经营品类 O 放宽免税店审批权限 完善免税店便利化和监管措施 记者10月30日从财政部了解到，财政部、商务部、文化和旅游部、海关总署、税务总局印发通知，明确自2025年11月1日 起完善免税店政策，旨在进一步发挥免税店政策支持提振消费的作用，引导海外消费回流，吸引外籍人员入境消费，促 进免税商品零售业务健康有序发展。 通知从四方面完善了免税店政策。一是优化国内商品退(免)税政策管理，积极支持口岸出境免税店和市内免税店销售国 产品。二是进一步扩大免税店经营品类，将更多便于携带的消费品纳入经营范围。三是放宽免税店审批权限，支持地方 因地制宜整合优化免税店布局。四是完善免税店便利化和监管措施，持续提升旅客免税购物体验。 记者：申铖 海报制作：申铖 新华社国内部出品 点赞！ ...

编辑 辛婧 《通知》从以下四个方面完善了免税店政策：一是优化国内商品退（免）税政策管理，积极支持口岸出 境免税店和市内免税店销售国产品，鼓励免税店引入更多能够体现中华优秀传统文化的特色优质产品， 增加国产品在免税店的销售。二是进一步扩大免税店经营品类，将更多便于携带的消费品纳入经营范 围，新增手机、微型无人机、运动用品、保健食品、非处方药、宠物食品等热销商品，丰富旅客购物选 择。三是放宽免税店审批权限，下放口岸出境免税店设立、口岸出境免税店及口岸进境免税店经营主体 确定方式变更等审批权限，优化口岸出境免税店、口岸进境免税店经营面积确定方式，支持地方因地制 宜整合优化免税店布局。四是完善免税店便利化和监管措施，支持口岸出境免税店、口岸进境免税店和 市内免税店提供网上预订服务，允许旅客在市内免税店预订后在口岸进境免税店提货，持续提升旅客免 税购物体验。 新京报讯 据财政部网站消息，近日，财政部、商务部、文化和旅游部、海关总署、税务总局印发《关 于完善免税店政策支持提振消费的通知》（以下简称《通知》），明确自2025年11月1日起完善免税店 政策，旨在进一步发挥免税店政策支持提振消费的作用，引导海外消费回流，吸引外 ...

Core Viewpoint - The Ministry of Finance and four other departments have issued a notice to enhance duty-free shop policies starting from November 1, 2025, aimed at boosting consumption and promoting the healthy development of duty-free retail business [3]. Group 1: Policy Enhancements - The notice outlines four key areas for improving duty-free shop policies: 1. Optimizing the management of domestic goods tax refund (exemption) policies to support the sale of domestic products in both port exit duty-free shops and city duty-free shops [3]. 2. Expanding the range of products available in duty-free shops to include more easily transportable consumer goods [3]. 3. Relaxing approval permissions for duty-free shops, allowing local authorities to tailor and optimize the layout of duty-free shops according to regional needs [3]. 4. Improving facilitation and regulatory measures for duty-free shops to continuously enhance the shopping experience for travelers [3].

进一步扩大免税店经营品类，将更多便于携带的消费品纳入经营范围。 近日，财政部、商务部、文化和旅游部、海关总署、税务总局印发《关于完善免税店政策支持提振消费 的通知》（以下简称《通知》），明确自2025年11月1日起完善免税店政策，旨在进一步发挥免税店政 策支持提振消费的作用，引导海外消费回流，吸引外籍人员入境消费，促进免税商品零售业务健康有序 发展。 《通知》从以下四个方面完善了免税店政策： 一是优化国内商品退（免）税政策管理，积极支持口岸出境免税店和市内免税店销售国产品，鼓励免税 店引入更多能够体现中华优秀传统文化的特色优质产品，增加国产品在免税店的销售。 二是进一步扩大免税店经营品类，将更多便于携带的消费品纳入经营范围，新增手机、微型无人机、运 动用品、保健食品、非处方药、宠物食品等热销商品，丰富旅客购物选择。 三是放宽免税店审批权限，下放口岸出境免税店设立、口岸出境免税店及口岸进境免税店经营主体确定 方式变更等审批权限，优化口岸出境免税店、口岸进境免税店经营面积确定方式，支持地方因地制宜整 合优化免税店布局。 四是完善免税店便利化和监管措施，支持口岸出境免税店、口岸进境免税店和市内免税店提供网上预订 服 ...

Core Viewpoint - The Ministry of Finance, Ministry of Commerce, Ministry of Culture and Tourism, General Administration of Customs, and State Taxation Administration have issued a notification to enhance duty-free shop policies starting from November 1, 2025, aimed at boosting consumption, encouraging overseas spending to return, attracting foreign visitors, and promoting the healthy development of duty-free retail business [1] Group 1: Policy Enhancements - The notification optimizes domestic goods tax refund (exemption) policy management, supporting the sales of domestic products in both port exit duty-free shops and city duty-free shops, and encourages the introduction of high-quality products reflecting Chinese traditional culture [2] - It expands the categories of products available in duty-free shops, including portable consumer goods such as mobile phones, mini drones, sports goods, health foods, over-the-counter drugs, and pet foods, thereby enriching shopping options for travelers [2] - The notification relaxes approval authority for duty-free shops, delegating powers related to the establishment of port exit duty-free shops and the determination of operating entities, while optimizing the criteria for determining the operating area of these shops [2] - It improves convenience and regulatory measures for duty-free shops, supporting online booking services and allowing travelers to reserve items in city duty-free shops for pickup at port entry duty-free shops, enhancing the shopping experience for travelers [2]

通知从四方面完善了免税店政策。一是优化国内商品退（免）税政策管理，积极支持口岸出境免税店和 市内免税店销售国产品。二是进一步扩大免税店经营品类，将更多便于携带的消费品纳入经营范围。三 是放宽免税店审批权限，支持地方因地制宜整合优化免税店布局。四是完善免税店便利化和监管措施， 持续提升旅客免税购物体验。 记者10月30日从财政部了解到，财政部、商务部、文化和旅游部、海关总署、税务总局印发通知，明确 自2025年11月1日起完善免税店政策，旨在进一步发挥免税店政策支持提振消费的作用，引导海外消费 回流，吸引外籍人员入境消费，促进免税商品零售业务健康有序发展。 责任编辑：何俊熹 ...

Core Viewpoint - The report from Dongxing Securities emphasizes the importance of creating new demand to promote consumption and investment, enhancing the internal circulation's endogenous power and reliability during the "14th Five-Year Plan" period [1] Group 1: Demand-Side Management - The "Suggestions" elevate the expansion of domestic demand to a strategic level, indicating a fundamental adjustment in the national economic growth logic and a reorientation of supply-demand relationships [1] - The document proposes that new demand should lead new supply, and new supply should create new demand, marking a shift from scale expansion to quality and efficiency [1] Group 2: Policy Direction for Consumption - The "Suggestions" outline clear policies to boost consumption, including enhancing public service spending, increasing residents' consumption capacity, and removing unreasonable restrictions on consumption [2] - The report anticipates that future policies will focus more comprehensively on social security areas such as elderly care and healthcare [2] Group 3: Opportunities in Food and Beverage Consumption - Food and beverage consumption is expected to gain incremental opportunities as it follows the overall expansion of consumption [3] - New channel models like instant retail, snack wholesale, and membership supermarkets are emerging, reshaping the sales landscape and presenting new investment opportunities in the food and beverage sector [3]