央视网消息：国家移民管理局10月9日通报，今年国庆中秋假期全国口岸中外人员出入境达1634.3万人次，日均204.3万人次，较去年同期 增长11.5%；单日出入境通关最高峰出现在10月4日，达235.3万人次。 今年国庆中秋假期，全国口岸外国人出入境达143.4万人次，较去年同期增长21.6%；入境外国人75.1万人次，适用免签政策入境53.5万人 次，较去年同期分别增长19.8%、46.8%。共计查验出入境交通运输工具74.4万架（艘、列、辆）次，较去年同期增长11%。 北京：超50万人次出入境 航班量增长11.7% 北京、珠海、海南等方向迎来了超大客流。10月1日至8日，北京边检总站累计查验出入境人员超50万人次，同比增长近18%；查验出入境 航班2900余架次，同比增长11.7%，客流整体呈现"两头高、中间稳"的特点，节日首尾为客流最高峰，其中9月27日单日客流最高，达到7.2万 人次。与往年相比，本次假期出入境旅游展现出浓厚的"文旅融合"特色。入境游市场呈现快速增长的态势，共接待入境游客11.9万人次，同比 增长48%，实现入境游客花费12.3亿元，同比增长54.1%。全市离境退税商店销售额超2200 ...

Core Points - Chengdu Customs announced the completion of the first batch of duty-free goods for Sichuan's first city duty-free store on September 23 [1][3] - The duty-free store, located in the core business district of Jinjiang District, Chengdu, has a total operating area of 3,140 square meters, with a duty-free area of 687 square meters, making it the largest in the country and the most comprehensive in Southwest China [1][3] - The first batch of duty-free goods includes 1,155 items and 4,535 pieces, primarily consisting of bags, watches, cosmetics, and alcoholic beverages, with tax reductions ranging from 10% to 30% [1][3] Industry Impact - The establishment of the first city duty-free store in Sichuan is supported by five departments, including the Ministry of Finance and the Ministry of Commerce, and is set to open on September 25 [3] - The store will provide "in-city selection and port pickup" services for domestic and foreign tourists holding valid exit-entry documents who are departing from Chengdu within 60 days [3] - Chengdu Customs emphasized that supporting the establishment of the city duty-free store is a significant measure to enhance Sichuan's high-level opening-up, catering to diverse consumer needs and promoting the development of the duty-free economy in Chengdu [3]

Group 1 - The first duty-free store in Sichuan has completed its first batch of duty-free goods inventory supervision as of September 23, 2023, marking a significant milestone for the region [1][3] - The store is located in the core business district of Jinjiang District, Chengdu, covering a total area of 3,140 square meters, with a duty-free area of 687 square meters, making it the largest in the country and the most diverse in Southwest China [1][3] - The first batch of duty-free goods includes 1,155 items and 4,535 pieces, primarily consisting of bags, watches, cosmetics, and alcoholic beverages, which can enjoy a tax reduction of 10%-30% [1][3] Group 2 - The store is set to officially open on September 25, 2023, and will provide "in-city selection, port pickup" services for both domestic and international tourists holding valid exit-entry documents who are departing from Chengdu within 60 days [3] - The establishment of the duty-free store is supported by five departments, including the Ministry of Finance, the Ministry of Commerce, and the General Administration of Customs, and is seen as a strong measure to enhance Sichuan's high-level opening-up [3] - Chengdu Customs aims to continuously support the development of the duty-free economy in the city, optimize the business environment at the port, and promote cross-border consumption regulation innovation, thereby injecting momentum into Chengdu's goal of becoming an international consumption center [3]

Core Viewpoint - The opening of Guangzhou's first city duty-free store marks a significant expansion in the duty-free market, targeting both outbound Chinese travelers and inbound foreign tourists, with the aim of boosting local consumption and tourism [1][3][5]. Group 1: Market Expansion - The city duty-free store in Guangzhou is part of a broader initiative to enhance the duty-free shopping experience, allowing travelers to purchase tax-free goods before departure [1][6]. - The store is strategically located in the CBD of Tianhe District, with a pickup point at Baiyun Airport, catering to travelers leaving within 60 days [1][5]. - The Chinese government is promoting the expansion of city duty-free stores, with plans to open additional stores in eight cities by August 2024 [1][3]. Group 2: Consumer Behavior - The store offers significant discounts, ranging from 50% to 88%, attracting consumers like Chen Jing, who purchased skincare and alcohol products before her trip to Bangkok [1][6]. - The flexibility of city duty-free stores, such as no shopping limits and a wider variety of products, contrasts with other types of duty-free stores [6][7]. - The store features local cultural products, including traditional crafts and brands, appealing to both local and international consumers [7][9]. Group 3: Economic Impact - The introduction of city duty-free stores is expected to stimulate not only retail sales but also related sectors such as tourism, hospitality, and entertainment [9][10]. - The duty-free shopping model is anticipated to generate significant economic benefits, with estimates suggesting that every 10,000 yuan in sales could create over 50,000 yuan in overall economic activity [10]. - The performance of the duty-free sector in Hainan has shown a strong correlation with increased tourism revenue, indicating potential growth for Guangzhou's new store [10]. Group 4: Industry Challenges - Despite the potential for growth, there are concerns that the requirement for travelers to pick up goods at the airport may limit purchase intentions, particularly for larger items [9][12]. - Traditional retail formats, such as department stores, face challenges from the evolving consumer landscape, necessitating adaptation to new business models, including the integration of duty-free shopping [12][13]. - The competition for attracting younger consumers is driving innovative marketing strategies, such as themed exhibitions and events, to enhance engagement and foot traffic [13].

Core Viewpoint - China Duty Free Group (01880) saw its stock price surge over 9% during trading, currently up 5.10% at HKD 65.90, with a trading volume of HKD 408.1 million [1] Group 1: Company Developments - The first city duty-free store in Guangzhou is set to open on August 26, developed in collaboration with China Duty Free Group, Guangbai Co., Lingnan Holdings, and Baiyun Airport [1] - A city duty-free store in Shenzhen is currently in its trial operation phase as of August 23 [1] Group 2: Industry Insights - CITIC Securities noted a decline in overall duty-free sales and Hainan duty-free sales in Q1 2025, with the second quarter still facing some impacts [1] - The Hainan channel is gradually recovering in the second quarter, while many city duty-free stores are entering a cultivation phase [1] - Due to tariff policies, certain products in the duty-free channel are affected [1]

Core Viewpoint - The first city duty-free store in Shenzhen, covering nearly 3,000 square meters, officially commenced trial operations on August 23, 2025, aiming to enhance tourism consumption among outbound travelers and promote the return of overseas spending [1]. Group 1: Store Features - The duty-free store adopts an upgraded operational model combining "duty-free + taxable," "imported + domestic," and "offline + online" strategies [1]. - The product offerings include a diverse range of items, primarily focusing on beauty and skincare, watches and jewelry, and high-end alcoholic beverages, with highlights on domestic brands and technology products [1]. Group 2: Strategic Goals - The establishment of the store is intended to stimulate outbound tourist spending and guide the return of overseas consumption, thereby promoting the "national trend" going global [1].

Core Insights - Shenzhen's duty-free store successfully completed its first transaction during trial operations, marking a significant milestone for the project [1] - The establishment of the duty-free store is part of Shenzhen's efforts to enhance its role as a core engine of the Greater Bay Area and an important window for China's opening-up [4] Group 1 - The duty-free store is a collaboration between China Duty Free Group, Shenzhen Duty Free Group, and Shenye Group, covering an area of nearly 3,000 square meters in a prime location [4] - The store offers a diverse range of products, including beauty and skincare, watches and jewelry, high-end liquor, domestic trendy products, and technology electronics, catering to various consumer needs [4] - The project aims to provide a superior, diverse, and convenient shopping experience while contributing to Shenzhen's goal of becoming a globally influential international consumption center [4]

据悉，广州市内免税店由中免集团、广百股份、岭南控股和白云机场联合打造，是2024年8月财政部等五部门联合 印发《关于完善市内免税店政策的通知》后，全国首批新设8家市内免税店之一。 8月12日，南都N视频记者从广州市商务局获悉，广州首家市内免税店将于8月26日开业，该免税店落址于广州市 天河区广州友谊国金店一楼。 免税零售向品质零售、场景零售、体验零售升级，特设威士忌主题馆、同仁堂知嘛健康空间、Care Bear潮玩、国 潮文化馆等，打造集购物消费、体验互动于一体的沉浸式商业体验空间。该店负责人透露，开业当天，到店消费 者除了可以低价购买免税商品，购买指定爆款还将赠送米其林、黑珍珠、自助餐等饮食体验、度假酒店休闲体 验、城市知名景点旅游体验等。 该免税店以"免税+有税""进口+国产""线下+线上"的经营思路进行模式升级，并增设离境退税业务，旨在打造一个 融合全球精品、本土特色、文化体验与生活美学的"城市会客厅"。 采写：南都N视频记者 廖艳萍 据介绍，市内免税店将汇聚进口国际知名品牌、中华老字号非遗品牌与国潮岭南本土特色品牌，涵盖免税商品及 有税商品，构建以美妆护肤、腕表首饰、高端酒水为主，国潮精品、科技电子为 ...

Group 1 - Recent policies and market dynamics in the domestic commercial sector indicate vitality and diversity in industry development, with multiple cities implementing departure tax refund policies to attract foreign tourists and boost the duty-free economy [1] - Guangzhou's Tianhe District has launched the city's first "immediate refund" centralized refund point for departure tax, marking a significant step in enhancing inbound consumption efficiency [1] - Dalian and Hubei Province have also started implementing departure tax refund policies for foreign travelers, while Shanghai plans to optimize the consumption environment by adding more refund stores [1] Group 2 - Companies are selling non-core assets for strategic focus or capital recovery, such as Vanke in Hangzhou selling its Zhishanghui commercial center project, which has a total construction area of approximately 10,000 square meters [1] - He Youjun has become the largest shareholder of Huanyu Commercial through his controlled company, indicating a potential integration of eSports IP into Huanyu's shopping malls and ski resorts, creating a "eSports + night economy" business model [1] Group 3 - Commercial enterprises are expanding their business through light asset cooperation, with China Resources Vientiane Life signing a cooperation agreement with Fujian Sanxin Group to upgrade the Putian Jinding Plaza project, set to reopen in 2026 as the first Vientiane Hui commercial entity in Fujian [4] - The expansion and renovation of shopping malls are becoming important means to enhance space value, with Shanghai Hang Lung Plaza's expansion expected to add approximately 3,080 square meters of floor area by the second half of 2026 [4] - Community commercial developments are also on the rise, such as the transformation of the former Hualian supermarket in Beijing into a DT-X neighborhood center, enhancing residents' convenience [4] Group 4 - Commercial brands are actively expanding into new markets, with BaWang Tea accelerating its layout in Hong Kong and launching multiple new stores [6] - Lao Xiang Ji has submitted a listing application on the Hong Kong Stock Exchange, showing continuous growth in revenue and gross profit [6] - The REITs market is showing vitality, with the listing of CICC China Green Development Commercial REIT seeing a 30% increase on its first day, reflecting investor enthusiasm for consumer infrastructure REITs [6][8]

Group 1 - The core viewpoint highlights the ongoing development of commercial real estate, particularly in retail, with various companies expanding their operations and enhancing consumer experiences through innovative strategies [3][5][8] - Multiple cities are implementing or enhancing tax refund policies to stimulate inbound consumption, with notable examples including Guangzhou and Dalian, which have introduced convenient tax refund services for foreign tourists [5][6] - Companies like China Resources and Poly are expanding their commercial footprints through strategic partnerships and new project developments, targeting both core cities and emerging markets [10][11] Group 2 - Alibaba is raising funds to support its international e-commerce and cloud computing businesses, while competitors like JD.com and Meituan are intensifying their efforts in instant retail [4][28] - The REITs market is experiencing significant activity, with several companies, including Cinda and China Overseas, pushing for the listing and expansion of quality assets, indicating a robust interest from investors [31][33] - High-end brands are innovating their retail experiences, as seen with LV's unique store concept in Shanghai, which has attracted considerable foot traffic and consumer interest [19][21] Group 3 - The retail landscape is evolving with brands like Ba Wang Cha Ji and Lao Xiang Ji expanding into Hong Kong, indicating a trend of brands using the city as a launchpad for global expansion [18][24] - Nike is facing challenges in the Chinese market, with a reported 13% decline in revenue, while luxury brands are leveraging experiential marketing to attract consumers [19][20] - Community-focused commercial projects are on the rise, with new concepts like DT-X aiming to enhance local shopping experiences and meet consumer demands for convenience [17][18]