Core Points - The Hainan Provincial Government announced the implementation of the "Zero Tariff" management measures for imported consumer goods and duty-free shops, effective from February 5 [1] - The measures aim to regulate the operation of "Zero Tariff" consumer goods and ensure the smooth implementation of related policies [1] Group 1: Management of Duty-Free Shops - The measures specify that duty-free shops must establish purchase, sales, and inventory records, and must push sales data to a regulatory platform in real-time [2] - Duty-free shops are required to affix traceability codes on product packaging and verify buyer identity through facial recognition and identity document comparison [2] - Shops must implement significant anti-smuggling warnings and develop internal control management systems to prevent illegal sales [2] Group 2: Supervision and Legal Responsibilities - Relevant departments are mandated to enhance monitoring of market circulation and internet platforms, and to legally address illegal activities such as purchasing and reselling [2] - No entity or individual is allowed to organize or utilize others' quotas for profit by purchasing "Zero Tariff" consumer goods for resale [2] - The measures outline legal responsibilities for violations of the established regulations [3]

展望后市，海南岛税收优惠体系进一步完善，未来政策清单有望逐步扩容，免税额度或根据市场需求动 态调整，推动海南成为国内进口消费集聚地，带动消费、物流等相关产业协同发展。长期来看，制度的 完善助力海南打造高水平开放新高地，同时为我国自贸试验区建设提供可复制、可推广的经验，推动我 国对外开放水平持续提升。 具体到A股市场，《通知》影响聚焦于海南自贸港及相关细分板块的结构性机会：免税零售板块有望受 益，岛内居民"零关税"消费需求释放，将带动相关免税企业营收增长；海南本地股将受益于政策红利持 续释放，尤其是布局海南免税、商业零售、物流的企业，迎来发展机遇。（光大证券微资讯） 该政策有两大值得关注的要点：一是政策覆盖范围明确，岛内居民包括持有海南省身份证、居住证或社 保卡的中国公民，以及在海南工作生活并持有居留证件的境外人员，每人每年免税购买额度累计不超过 1万元，商品聚焦日常生活所需，实行正面清单管理且将动态调整；二是政策与此前离岛免税、加工增 值免关税等政策形成协同，构建起"岛内居民消费+离岛旅游消费+产业发展"的多元税收优惠体系。 结合2026年海南自贸港封关后的政策成效来看，截至2026年1月27日，封关以来"零 ...

（来源：工人日报） 本报讯（记者赖书闻 通讯员王定哲 冯健能 谢东良）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"。据海口海关统计，2026年1月，海南离岛免税购物金额 45.3亿元，购物人数56万人次，购物数量336.7万件，同比分别增长44.8%、21%和14%。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。 "我特意选择这个月来海南，就是为了感受封关后的购物体验，现在海南离岛免税商品不仅新增了数码 摄影器材和微型无人机等电子产品，还能在免税价的基础上享受店庆优惠，比在内地买划算得多。"来 自黑龙江的林先生在海口日月广场免税店选购电子产品时说。 "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。"中 免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 ...

记者丨高江虹 免税零售专家平台创始人曹瑞杰认为，这项政策的发布， 标志着海南岛内居民消费进境商 品"零关税"政策正式落地实施。 该政策作为海南自贸港"一负三正"零关税清单体系中的最后 一张拼图，具有重要的里程碑意义。 编辑丨高梦阳 中国政府网2月5日发布消息，财政部、海关总署、税务总局联合印发《关于海南自由贸易港岛 内居民消费的进境商品"零关税"政策的通知》，自2月4日起实施。 该政策规定海南岛民每年 可购买1万元进口商品，包含202个税则号商品。 曹杰瑞表示，该202项清单作为海南自贸港封关运作后的首批岛内居民消费政策，预计后续会 根据实施情况动态调整， 预计每年调整幅度10—20%，逐步扩大至300—500项 ，期望未来纳 入小家电、智能家居、健身器材等升级型消费。 每人每年1万元限额 据介绍，政策规定，对海南自由贸易港岛内居民在指定经营场所购买的进境商品，在免税额度 和商品清单范围内免征进口关税、进口环节以及国内环节增值税和消费税。其中，岛内居民包 括持有海南省身份证、海南省居住证或海南省社保卡的中国公民，在海南省工作生活并持有居 留证件的境外人员。免税额度为每人每年1万元人民币，不限购买次数。免税商品 ...

Core Points - The Hainan Provincial Government has issued the "Management Measures for Zero Tariff Imported Goods for Residents in Hainan Free Trade Port" which will take effect immediately upon publication [1] - The measures consist of 7 chapters and 38 articles detailing qualifications for zero-tariff consumer goods operators, management of duty-free shops, operational norms, supervision, and legal responsibilities [1] Group 1: Regulations on Duty-Free Shops - Duty-free shops must be named according to the format: City/County/Autonomous County Name + Brand Name + Duty-Free Shop for Consumer Goods [1] - Duty-free shops are prohibited from establishing branches or counters [1] - Identity verification for purchasers must be conducted using facial recognition and identity document comparison to ensure the buyer matches their identification [1] Group 2: Compliance and Enforcement - The specific applicable objects, types of goods, tax exemptions, and pickup methods for duty-free consumer goods must strictly adhere to the relevant regulations of the zero-tariff policy for imported goods in Hainan Free Trade Port [1] - Customs will supervise the management of duty-free goods and shops, enforcing regulations and addressing violations and smuggling activities [1]

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 ...

消息面上，2月5日市场消息，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"。据海口海关统计，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。 值得一提的是，中国中免此前公告称，附属拟收购DFSCotaiLimitada全部已发行股本。长江证券指出， DFS港澳地区(9家)旅游零售门店业务，2024年，2025年前三季度，分别实现收入41.49亿元，27.54亿 元，净利润分别为1.28亿元，1.33亿元。收购资产并表后，将为上市公司带来利润端的直接贡献；未 来，也有望放大港澳门店渠道优势，实现规模突破。 中国中免（601888）(01880)涨近3%，截至发稿，涨2.72%，报94.3港元，成交额2.08亿港元。 ...

Core Viewpoint - The implementation of the new duty-free policy and the official launch of the Hainan Free Trade Port has led to a significant increase in the duty-free shopping market in Hainan, benefiting companies like China Duty Free Group (China CDF) [1] Group 1: Market Performance - China CDF's stock rose nearly 3%, with a current price of 94.3 HKD and a trading volume of 208 million HKD [1] - In January 2026, the duty-free shopping amount in Hainan reached 4.53 billion CNY, with 560,000 shoppers and 3.367 million items purchased, representing year-on-year growth of 44.8%, 21.0%, and 14.0% respectively [1] Group 2: Consumer Insights - In January 2026, outbound travelers purchased duty-free goods worth 18.316 million CNY, while local residents' "immediate purchase and pick-up" shopping amounted to 14.389 million CNY [1] Group 3: Strategic Developments - China CDF announced plans to acquire 100% of the issued share capital of DFS Cotai Limitada, which operates nine tourism retail stores in the Hong Kong and Macau regions [1] - According to Changjiang Securities, the DFS stores are projected to generate revenues of 4.149 billion CNY in 2024 and 2.754 billion CNY in the first three quarters of 2025, with net profits of 128 million CNY and 133 million CNY respectively [1] - The acquisition is expected to directly contribute to the company's profits and enhance its channel advantages in the Hong Kong and Macau markets, facilitating scale breakthroughs in the future [1]

（总台记者 杨涛 范珊珊） 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"。据海口 海关统计，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。 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"走私。 ...