Core Viewpoint - The implementation of the "immediate refund" tax refund policy for outbound tourists in Shenzhen enhances the shopping experience, stimulates cross-border consumption, and contributes to the city's international business environment [1][4][15]. Group 1: Policy Implementation - The "immediate refund" tax refund service allows outbound tourists to receive tax refunds instantly at the point of purchase by providing a credit card pre-authorization guarantee [1][4]. - As of December 11, 2023, the policy was officially launched, with the first refund of 1,458 yuan processed for a tourist from Belarus [1][4]. - Shenzhen has established 1,500 tax refund stores and 12 centralized refund points, with nearly 200 merchants participating in the "immediate refund" service [4][9]. Group 2: Economic Impact - The tax refund service has significantly boosted sales, with a reported 4274 tax refund transactions totaling 405 million yuan in 2024, marking a year-on-year increase of 7.5 times [9]. - In the first seven months of the year, sales of tax refund goods reached 584 million yuan, a 100% increase year-on-year, with "immediate refund" goods sales soaring to 75.04 million yuan, up over 2500% [9]. - The introduction of the "immediate refund" service has led to a 300% increase in sales at DJI stores since they became part of the tax refund program [9]. Group 3: Technological Integration - The collaboration between Ant International's Alipay+ and Guangdong Huaxing Bank has introduced the first electronic wallet tax refund service in China, allowing Hong Kong residents to receive refunds in Hong Kong dollars instantly [10]. - Shenzhen is developing a "cloud service tax refund" system that supports multiple refund methods, including cash, mobile payments, and bank cards, with real-time tracking of refund progress [14]. Group 4: Future Developments - Shenzhen aims to further enhance its tax refund services by increasing the number of tax refund stores and centralized refund points, as well as optimizing the layout of tax refund stores to improve the shopping experience [14]. - The city is actively selecting new tax refund stores, focusing on introducing domestic brands to attract more outbound tourists [14].

Group 1 - The 2025 China Cultural Tourism Industry Expo will be held from September 12 to 14 at the Wuhan International Expo Center, featuring a shopping tax refund area in the "Poetry and Distance" exhibition zone [1] - The "immediate refund" service allows foreign travelers to process tax refunds on-site for specified purchases at designated stores, with a list of participating stores released by the Hubei Provincial Taxation Bureau [4] - The expo will showcase various products, including intangible cultural heritage gifts and local specialties, with tax refunds up to 9% of the product price available for eligible foreign visitors [4]

Core Insights - The sales of goods eligible for tax refunds for outbound travelers in Hangzhou increased by 32.67% during the "May Day" holiday, attributed to the implementation of the "immediate refund" service and optimized tax refund policies [1][3] Group 1: Tax Refund Policy - The "immediate refund" policy allows outbound travelers to receive tax refunds at the point of purchase in designated stores, enhancing the shopping experience [1][4] - The Hangzhou tax authority has been actively promoting the "immediate refund" service through various initiatives, including bilingual guides and electronic maps for tax refund stores [1][2] Group 2: Consumer Behavior - The implementation of the "immediate refund" policy has led to a noticeable increase in the volume of transactions where customers opt for immediate refunds, encouraging repeat purchases [3][4] - A specific case highlighted a Hong Kong tourist who purchased over 5,000 yuan worth of goods and received a tax refund of 460 yuan within an hour, showcasing the efficiency of the new system [3] Group 3: Future Initiatives - The Hangzhou tax authority plans to enhance awareness of the tax refund policy among inbound tourists by organizing specialized training for international tour guides [4]