记者了解到，根据五部门升级后的免税店政策，要放宽免税店审批权限。业内人士分析，这意味着市场 对免税店的开设和规模，有了更多的自主权，未来，免税店有望"一店一样"，打出自己的特色。 中免集团品牌与市场部总经理 王维：新政简化了部分免税店设立、经营主体确定方式变更、调整经营 面积等审批流程，能够进一步提高免税店的审批效率，更好地发挥地方政府熟悉本地区情况的优势，因 地制宜地调整优化免税店布局，激发市场活力。 就在一个月前，财政部、商务部、文化和旅游部等五部门联合印发通知，自2025年11月1日起完善免税 店政策，支持提振消费。现在政策正好"满月"。免税行业有了哪些新变化？一起来看记者探访。 就在11月底，天津首家市内免税店正式开业，店铺就处于市中心商业繁华地区。记者看到，免税店分为 免税区域和有税区域，免税区域主要经营香水、化妆品、腕表、太阳镜、首饰等。凡是持有出入境证件 并已购买出境机票，并且即将于60日内搭乘航空运输工具或国际邮轮出境的旅客，都可以在免税区甄选 好物。 销售员 贾瑞婷：我们店内目前采取的销售模式是店内购买，机场提货点进行提货。 同样在几天前开业的，还有位于陕西西安的我国西北地区首家市内免税店。 ...

Core Viewpoint - The recent joint announcement by the Ministry of Finance, Ministry of Commerce, Ministry of Culture and Tourism, General Administration of Customs, and State Taxation Administration aims to enhance the attractiveness of duty-free shops for inbound and outbound travelers by refining policies related to domestic goods sales, expanding product categories, relaxing approval processes, and improving convenience and regulatory measures [1] Group 1: Policy Enhancements - The new policy encourages domestic products to enter duty-free shops, allowing companies with duty-free qualifications to increase procurement of quality domestic goods, which will be treated as exports for tax refund purposes [1][2] - The operational procedures for domestic goods entering duty-free shops will be optimized, adopting a "sales first, refund later" model to facilitate sales [2] - The policy mandates that at least 25% of the operational area of duty-free shops be dedicated to domestic products, enhancing their market recognition and international competitiveness [2] Group 2: Product and Sales Innovations - The policy expands the categories of products available in duty-free shops, including popular items like mobile phones, drones, sports goods, health foods, over-the-counter drugs, and pet foods [2][3] - The introduction of faster product listing processes for popular international brands will enhance the shopping experience by allowing quicker access to trending items [3] - Online reservation services will be supported, enabling travelers to book items in city duty-free shops and pick them up at port duty-free shops, improving the overall shopping process [3] Group 3: Regulatory and Approval Changes - The approval process for establishing and operating duty-free shops will be decentralized, allowing local provincial departments to handle approvals instead of central authorities [4] - The new regulations allow for flexible adjustments to the operational area of duty-free shops based on actual business conditions, enhancing operational efficiency [4][5] - Simplifying the approval processes is seen as a significant step towards optimizing the business environment and improving the efficiency of duty-free shop operations [5]

Core Viewpoint - The recent joint announcement by the Ministry of Finance, Ministry of Commerce, Ministry of Culture and Tourism, General Administration of Customs, and State Taxation Administration aims to enhance the attractiveness of duty-free shops for inbound and outbound travelers by refining policies related to domestic goods sales, expanding product categories, relaxing approval processes, and improving convenience and regulatory measures [1][4]. Group 1: Policy Enhancements - The new policy encourages domestic products to enter duty-free shops, allowing companies with duty-free qualifications to increase procurement of quality domestic goods, which will be treated as exports for tax refund purposes [1][2]. - The operational procedures for domestic goods entering duty-free shops will be optimized, adopting a "sales first, refund later" model to facilitate sales [2]. - The policy mandates that at least 25% of the operational area of duty-free shops be dedicated to domestic products, enhancing their market recognition and competitiveness [2]. Group 2: Product and Sales Process Improvements - The policy expands the categories of products available in duty-free shops, including popular items like mobile phones, drones, sports goods, health foods, over-the-counter drugs, and pet foods, which are in high demand and easy to carry [2][3]. - The introduction of faster approval processes for hot-selling products will allow consumers quicker access to these items in duty-free shops, thereby increasing their appeal [3]. - Online reservation services will be supported, allowing travelers to book items in city duty-free shops and pick them up at port duty-free shops, enhancing the shopping experience [3]. Group 3: Regulatory and Approval Process Changes - The approval authority for establishing and operating duty-free shops will be decentralized from central ministries to provincial departments, improving efficiency and allowing for localized decision-making [4][5]. - The current approval process for the operational area of duty-free shops will be adjusted to allow flexibility based on actual business conditions, promoting differentiated operations [4][5]. - The combination of these policy measures is expected to significantly boost the retail market for duty-free goods, creating new consumption scenarios that stimulate overall consumer spending [5].

Core Viewpoint - The recent joint announcement by the Ministry of Finance, Ministry of Commerce, Ministry of Culture and Tourism, General Administration of Customs, and State Taxation Administration aims to enhance the attractiveness of duty-free shops for inbound and outbound travelers by refining policies related to domestic goods sales, expanding product categories, relaxing approval processes, and improving convenience and regulatory measures [1][2]. Group 1: Policy Enhancements - The new regulations encourage domestic products to enter duty-free shops, allowing companies with duty-free qualifications to increase procurement of quality domestic goods, which will be treated as exports for tax refund purposes [1][2]. - The operational procedures for domestic goods in duty-free shops will be optimized, adopting a "sales first, refund later" model to facilitate the sale of domestic products [2]. - The policy mandates that at least 25% of the operational area of duty-free shops be dedicated to domestic products, enhancing their market recognition and international competitiveness [2]. Group 2: Product and Sales Process Improvements - The policy expands the categories of products available in duty-free shops, allowing for a wider range of popular items such as mobile phones, drones, sports goods, health foods, over-the-counter drugs, and pet foods [2][3]. - The new regulations will accelerate the listing of popular imported duty-free products in China, encouraging international brands to introduce their latest offerings to the market [3]. - Duty-free shops will now offer online reservation services, allowing travelers to book items in city duty-free shops and pick them up at port duty-free shops, enhancing the shopping experience [3]. Group 3: Regulatory and Approval Changes - The approval process for establishing and operating duty-free shops will be decentralized, allowing local provincial departments to handle approvals instead of central authorities, which is expected to improve efficiency [4][5]. - The current approval process for the operational area of duty-free shops will be adjusted to allow flexibility based on actual business conditions, promoting differentiated operations [4][5]. - Simplifying the approval processes is seen as a significant step towards optimizing the business environment and enhancing the efficiency of duty-free shop operations [5].

Core Viewpoint - China Duty Free Group (中国中免) shares rose over 4% following the announcement of new policies to support duty-free shops, aimed at boosting consumer spending [1] Group 1: Policy Changes - On October 30, the Ministry of Finance and four other departments released a notice to improve duty-free shop policies, effective from November 1 [1] - The notice includes optimizing the management of domestic goods tax refund (exemption) policies and supporting the sales of domestic products in both port exit and city duty-free shops [1] - The initiative encourages duty-free shops to introduce more high-quality products that reflect traditional Chinese culture [1] Group 2: Company Financials - For the first three quarters of 2025, China Duty Free Group reported revenue of 39.862 billion yuan, a year-on-year decrease of 7.34% [1] - The net profit attributable to shareholders was 3.052 billion yuan, down 22.13% year-on-year [1] - The company announced its first interim dividend plan, proposing a cash dividend of 0.25 yuan per share, totaling 517 million yuan, which represents 16.95% of the net profit attributable to shareholders for the same period [1]

Core Insights - The Ministry of Finance and four other departments issued a notification to enhance the duty-free shop policy to boost consumption, effective from November 1, 2025 [1][2] - The notification encourages duty-free shops to increase the sale of domestic products and expand the range of goods sold, including mobile phones and micro-drones [1] - The policy aims to attract foreign consumers and promote the return of overseas consumption [1] Group 1: Policy Enhancements - The notification optimizes the management of domestic goods tax refund (exemption) policies, encouraging qualified enterprises to increase the procurement of quality domestic products [1] - Duty-free shops will be allowed to treat the sale of domestic products as exports, thus benefiting from tax refunds [1] - The notification aims to streamline the tax refund supervision and operational procedures for domestic goods sold in duty-free shops [1] Group 2: Expansion of Product Categories - The notification expands the categories of goods that can be sold in duty-free shops, including portable consumer goods such as mobile phones, micro-drones, sports goods, health foods, over-the-counter drugs, and pet foods [1] - This expansion is intended to enrich the shopping options available to travelers [1] Group 3: Approval and Operational Improvements - The notification relaxes approval authority for duty-free shops, allowing local authorities to optimize the layout of duty-free shops based on local conditions [2] - It also enhances convenience and regulatory measures for duty-free shops, including online booking services for travelers [2] - Travelers will be able to reserve items at city duty-free shops and pick them up at port duty-free shops, improving the shopping experience [2]

Core Viewpoint - The Chinese government is enhancing the duty-free shop policy starting November 1, 2023, to support domestic products and improve the shopping experience for travelers [1] Group 1: Policy Enhancements - The new policy aims to optimize the management of domestic product tax refunds and exemptions, encouraging duty-free shops to sell more domestic products that reflect traditional Chinese culture [1] - The range of products available in duty-free shops will be expanded to include more portable consumer goods such as mobile phones, micro-drones, sports equipment, health foods, over-the-counter drugs, and pet food [1] Group 2: Regulatory Adjustments - The approval process for duty-free shops will be relaxed, allowing local authorities to have more control over the establishment and operational changes of outbound and inbound duty-free shops [1] - The criteria for determining the operational area of duty-free shops will be optimized to support local adaptations and integration of duty-free shop layouts [1] Group 3: Consumer Experience Improvements - The policy includes measures to enhance convenience and regulation for duty-free shops, such as allowing online booking services and enabling travelers to pick up pre-ordered items at inbound duty-free shops [1]

Core Points - The Ministry of Finance and four other departments issued a notification to enhance duty-free shop policies to boost consumption, effective from November 1, 2025 [1] - The notification encourages duty-free shops to increase the sale of domestic products and expand the range of products sold, including mobile phones and mini drones [1] - The notification aims to attract foreign consumption and facilitate the return of overseas spending [1] Group 1 - The notification optimizes the management of domestic product tax refund (exemption) policies, encouraging qualified enterprises to increase the procurement of quality domestic products [1] - Enterprises procuring domestic products for sale in duty-free shops will be treated as exports, allowing for tax refunds on value-added tax and consumption tax [1] - The notification supports the sale of more products reflecting traditional Chinese culture in duty-free shops [1] Group 2 - The notification expands the categories of products that can be sold in duty-free shops, including portable consumer goods such as sports equipment, health foods, over-the-counter drugs, and pet food [1] - The notification relaxes approval authority for duty-free shops, allowing local authorities to optimize the layout of duty-free shops based on local conditions [2] - It also improves convenience and regulatory measures for duty-free shops, including online booking services for travelers [2]

Core Viewpoint - The article discusses the significant optimization of China's duty-free shop policies aimed at boosting domestic consumption and attracting foreign visitors, effective from November 1, 2025 [3]. Group 1: Policy Enhancements - The Ministry of Finance and other departments have released a notification to improve the existing duty-free shop policies, focusing on four main areas [3]. - Duty-free shops will now be encouraged to promote domestic products, including traditional brands and cultural items, to meet the diverse needs of inbound tourists [3][4]. - Duty-free shops are required to allocate at least 25% of their sales area for domestic products [3]. Group 2: Expansion of Product Categories - The notification expands the range of products available in duty-free shops, adding categories such as mobile phones, drones, sports goods, health foods, over-the-counter drugs, and pet food [5]. - There is an emphasis on accelerating the introduction of popular overseas products into China's duty-free market [5]. Group 3: Approval Process and Local Integration - The approval process for establishing duty-free shops is being relaxed, allowing local governments to better integrate and optimize the layout of these shops [5]. - Local governments will now have the authority to manage the establishment and operation of duty-free shops within their jurisdictions [5]. Group 4: Enhanced Shopping Experience - The notification includes measures to improve the convenience and regulatory framework for duty-free shopping, such as allowing online reservations and pick-up at different locations [6]. - The "buy and refund" service for outbound travelers has been expanded nationwide, significantly enhancing the refund experience for foreign tourists [6]. - Data shows a substantial increase in the number of outbound travelers utilizing the refund service, with a 229.8% year-on-year growth in the number of travelers and a 97.4% increase in refund amounts from January to September this year [6].

Core Viewpoint - China is significantly optimizing its duty-free shop policies to attract foreign consumption and boost domestic spending, effective from November 1, 2023 [1][2]. Group 1: Policy Enhancements - The new policy includes four major enhancements to the existing duty-free shop regulations aimed at promoting domestic products and improving the shopping experience for travelers [1][2]. - Duty-free shops are defined as sales venues approved by the General Administration of Customs, selling tax-exempt goods to specified customers [1]. Group 2: Product Range Expansion - The policy expands the categories of products available in duty-free shops, including mobile phones, drones, sports goods, health foods, over-the-counter drugs, and pet food [2]. - There is an emphasis on increasing the sales of domestic products, with a requirement that at least 25% of the sales area in duty-free shops be dedicated to domestic goods [1][2]. Group 3: Approval Process and Local Integration - The approval process for establishing duty-free shops is being decentralized, allowing local governments to manage the layout and construction of these shops according to regional needs [2]. - The policy allows for the integration of online booking services, enabling travelers to reserve products in city duty-free shops and pick them up at port duty-free shops [3]. Group 4: Impact on Tax Refunds - The recent measures have led to a significant increase in the number of travelers utilizing the tax refund services, with a 229.8% year-on-year increase in the number of travelers and a 97.4% increase in tax refund amounts from January to September this year [3].