8月23日上午10时许，深圳首家市内免税店在试营业期间迎来首单成交。顾客白先生在免税酒水区完成购物结算，后续将从深圳机场启程前往迪拜。在工 作人员的引导下，白先生顺利完成免税购物流程，成为免税店试营业阶段的首单顾客。 据悉，深圳首家市内免税店位于福田区深业上城，计划在8月26日正式开业。 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》，明确将在深圳等8个城市各设立1家市内免税店。 深圳市内免税店是全国新增市内免税店项目中最早落地执行的门店之一，由中免集团、深圳免税集团、深业集团联合打造，将以"免税+有税""进口+国 产""线下+线上"经营思路升级市内免税店模式，在引入众多国际知名品牌的基础上，结合深圳特色，大力推广具有深圳元素的国货潮品。 门店聚焦消费者需求，构建了涵盖美妆护肤、腕表首饰、高端酒水、国潮精品、科技电子等核心品类的多元化商品矩阵。店内还设立了"电子黑科 据悉 技体验廊"等主题体验区，打造集购物消费、体验互动、生活方式的新型零售体验。 第4及精品首饰 LA MER 海蓝之谜 SHISEIDO 资生堂 Jo Malone 祖·玛珑 Montblanc 万宝龙 Burberry ...

深圳商报·读创客户端首席记者 刘琼 8 月 24 日，深圳市内免税店试营业进入第二天，免税购物热度持续升温，前来咨询和选购的市民、游 客络绎不绝，对市内免税新模式展现出浓厚兴趣，掀起"市内免税购物"购物热潮。其中多笔交易来自即 将出国的海外留学生和家长，他们精心挑选行李箱、护肤品、首饰等免税品，为海外求学之路增添保 障。 在店内，家长与孩子一同挑选留学所需。从耐磨抗摔的行李箱、适配不同气候的服饰，到满足长途飞行 护肤需求的国际大牌美妆产品等，一站式覆盖留学生活所需。 深圳市内免税店作为全国新增市内免税店项目中最早落地执行的门店之一，由中免集团、深圳免税集 团、深业集团联合打造，选址于深业上城一层黄金地段，其"市内购物 + 口岸离境提货" 模式，打破了 传统口岸免税店的空间与时间限制，为消费者带来更加灵活便捷的购物体验，实现"从容购物，优雅出 行"。 据悉，深圳市内免税店将于8月26日正式开业。试营业以来，门店凭借丰富的商品品类、优惠的价格以 及优质的服务，持续吸引市民、游客的关注。店内涵盖美妆护肤、腕表首饰、高端酒水、国潮精品、科 技电子等品类，满足了多元化消费需求，展现出免税经济在深圳落地生根的广阔潜力。 ...

Core Viewpoint - The establishment of city duty-free shops in major Chinese cities like Guangzhou and Shenzhen is expected to enhance local consumption and attract international tourists, contributing to the overall economic growth of these regions [1][2][3]. Group 1: Expansion of Duty-Free Shops - The Chinese government has announced the opening of new city duty-free shops in eight cities, including Guangzhou, Shenzhen, and Wuhan, to boost local consumption [1][7]. - The number of city duty-free shops in China will increase to 27, distributed across 22 cities, following the transformation of existing foreign exchange shops into duty-free stores [7][8]. - The duty-free market in China has seen significant growth, with a 103.7% increase in sales in 2020 and a 66.8% growth in 2021 [10]. Group 2: Impact on Local Economy - City duty-free shops are expected to enhance the overall consumption image of cities and attract more tourists, thereby supporting local economies [11][12]. - The proximity of Guangzhou and Shenzhen to Hong Kong and Macau provides a substantial consumer base for these duty-free shops, with Shenzhen receiving 1.3 billion inbound and outbound travelers in the first half of the year, a 16.2% increase year-on-year [15][16]. - The product offerings in these shops will include high-end cosmetics, watches, and local tech products, aligning with the cities' branding strategies [21][23]. Group 3: Challenges and Limitations - Despite the potential benefits, city duty-free shops face challenges such as limited product categories and competition from traditional retail [24][25]. - The global duty-free market is experiencing structural changes, with some leading brands adjusting their business strategies due to evolving consumer preferences [26]. - The success of city duty-free shops in attracting tourists will depend on the overall shopping experience and the integration of various consumer offerings [30].

8月23日，深圳市内免税店在试营业期间顺利迎来首单成交。上午10时许，顾客白先生在免税酒水区完 成购物结算，并将在下周一从深圳机场启程前往迪拜。在工作人员引导下，顺利完成免税购物流程，成 为免税店试营业阶段的首单顾客。标志着项目建设和运营取得阶段性成果。深圳市内免税店由中免集 团、深圳免税集团、深业集团联合打造，面积近3000平方米，位于深业上城一层。 ...

Core Insights - The first city duty-free store in Guangzhou is set to open on August 26, 2025, as announced by China Duty Free Group [1][2] - This store is part of the first batch of eight city duty-free stores established following the Ministry of Finance and other departments' notice on improving city duty-free store policies issued in August 2024 [1][2] Company and Industry Summary - The Guangzhou city duty-free store is a collaboration between China Duty Free Group, Guangbai Co., Lingnan Holdings, and Baiyun Airport [1][2] - The store will adopt an upgraded operational model combining "duty-free + taxable," "imported + domestic," and "offline + online," along with the introduction of departure tax refund services [1][2] - The product offerings will include a mix of internationally renowned brands, traditional Chinese brands, intangible cultural heritage brands, and local Lingnan特色 brands, covering both duty-free and taxable goods [1][2]

Group 1 - The first JD Duty-Free Festival successfully concluded, co-hosted by JD Global Purchase, Sanya Tourism Development Bureau, Wangfujing Duty-Free, and Sanya Yalong Bay St. Regis Resort [1] - The festival's theme was "A Summer Without Regrets," offering consumers a global selection of duty-free shopping [1] - JD Global Purchase provided a special surprise for this year's high school graduates, offering a free trip to Hainan as a reward for the "Koi Students" [1] Group 2 - From August 11, 20 lucky high school graduates and their families embarked on a 4-day, 3-night immersive travel and study experience in Sanya, accompanied by JD Global Purchase mentors [6] - The trip included cultural experiences of Hainan's intangible heritage, participation in a youth talent exchange salon, and deep exploration of Wangfujing Duty-Free City [6] - Activities also featured sailing, surfing, and enjoying the beautiful sea, creating unforgettable memories for the graduates [6]

Group 1 - The company, Zhuhai Free Trade Zone Group, announced the approval of a foreign exchange hedging business with a limit not exceeding 300 million RMB or equivalent foreign currency [2] - The board meeting held on August 14, 2025, resulted in a unanimous decision to proceed with the hedging business, with 7 votes in favor and no votes against or abstentions [2] - The authorized period for the hedging activities is valid for 12 months from the date of board approval, and the limit can be reused within this timeframe [2]

Core Viewpoint - Guangzhou Baiyun International Airport Co., Ltd. has signed a cooperation contract with China Duty Free Group Co., Ltd. for the operation of the T3 terminal's outbound duty-free project, transferring the operating rights of specific areas to the duty-free group for a period of 10 years [2][3][11]. Transaction Overview - The contract allows China Duty Free Group to operate duty-free goods in designated areas of the T3 terminal, in accordance with national policies [2][3]. - The contract was established through a public bidding process, and no board approval was required for its signing [4]. Counterparty Information - China Duty Free Group is a wholly-owned limited liability company with a registered capital of approximately 1.052 billion yuan, established in 1985, and operates various duty-free retail services [5][6]. - There are no related party transactions or significant asset restructuring involved in this agreement [5]. Transaction Details - The operating area for the duty-free project is approximately 3,050 square meters located on the fourth floor of the T3 terminal [9]. - The contract stipulates that at least 1,200 square meters must be operational by the time the international functions of T3 are activated, with a total of at least 1,600 square meters operational by December 31, 2026 [10][11]. Financial Terms - The monthly operating fee is determined by the higher of a guaranteed minimum fee or a sales commission, with the minimum fee set at 2,300 yuan per square meter [17][18]. - The minimum fee will increase by 6% annually starting from January 1, 2027, with specific conditions for adjustments based on passenger throughput [18][19]. Impact on the Company - This cooperation is expected to enhance the service quality at the airport and meet the needs of international travelers, thereby increasing the value of the terminal's retail resources [20].

Core Insights - The opening of Shenzhen's first city duty-free store at Shenye Shangcheng represents a new model for urban duty-free economies, aiming to enhance consumer experiences and stimulate local commercial growth [1][10][19] Group 1: Duty-Free Store Models - Three consumption models are identified: duty-free shopping for travelers with valid exit documents, regular taxable purchases, and tax refund shopping for foreign residents [2][3] - The duty-free model offers immediate tax exemptions, providing discounts of approximately 11-25% compared to regular taxable purchases [2][4] Group 2: Strategic Location and Design - The duty-free store is strategically located on the first floor of Shenye Shangcheng, covering nearly 3,000 square meters, which is expected to attract significant foot traffic [4][10] - The store aims to create a differentiated shopping experience by integrating immersive themes and local cultural elements, such as a whiskey tasting area and a health space featuring traditional Chinese medicine [9][21] Group 3: Target Audience and Product Offering - The store will feature 19 product categories, including international brands and local innovations, catering to both local and international consumers [7][14] - The focus on local brands and technology products aligns with Shenzhen's identity as a tech hub, appealing to tech-savvy travelers [7][10] Group 4: Government Support and Policy Framework - Shenzhen's government has implemented supportive policies to enhance the duty-free shopping experience, including a streamlined tax refund process and promotional measures for local brands [11][19] - The city aims to establish a world-class commercial ecosystem, with the duty-free store playing a crucial role in this strategy [11][19] Group 5: Economic and Cultural Impact - The duty-free store is expected to drive economic growth by attracting high-value consumers and enhancing the overall shopping experience in the area [18][23] - The integration of duty-free shopping with local cultural and tourism resources is seen as a key strategy for enhancing consumer engagement and promoting the city as a global shopping destination [18][23]

Macro Dynamics - The People's Bank of China, along with the National Financial Regulatory Administration and the China Securities Regulatory Commission, has drafted a consultation paper on the management of customer due diligence and transaction record retention for financial institutions, aiming to prevent money laundering and terrorist financing [2] - The draft does not mention the previous requirement for individuals to register the source of funds for cash withdrawals exceeding 50,000 yuan, but mandates due diligence for transactions over 50,000 yuan or equivalent to 10,000 USD [2] - Financial institutions are required to retain customer identity information and transaction records for at least 10 years, with a push towards electronic storage methods [2] Natural Resources - The Ministry of Natural Resources announced that the first five national parks in China have completed their rights registration, which includes the Giant Panda, Northeast Tiger and Leopard, Hainan Tropical Rainforest, Wuyi Mountain, and Sanjiangyuan national parks [4] Automotive Industry - In July, the sales of new energy vehicles reached 1.262 million units, marking a year-on-year increase of 27.4%, with new energy vehicles accounting for 48.7% of total new car sales [5] - From January to July, the production and sales of new energy vehicles were 8.232 million and 8.22 million units, respectively, reflecting a year-on-year growth of 39.2% and 38.5% [5] Company Dynamics - Changan Automobile announced that its directors and senior management plan to increase their holdings in the company, with a total investment of no less than 5.7 million yuan [10] - The first duty-free shop in Shenzhen is set to open at the end of August, featuring a diverse range of products including beauty, jewelry, and high-end liquor, aimed at boosting tourism consumption [11] - Fosun Pharma has signed a licensing agreement with Expedition for the development, production, and commercialization of the investigational product XH-S004 outside of China and Hong Kong, with potential payments up to 120 million USD [12] - Xiaomi Auto Technology has applied for a patent related to collision detection methods, which aims to enhance user safety during transportation [13] - Dalian Wanda Group has been subjected to enforcement actions exceeding 2.4 billion yuan, with a total of over 7.6 billion yuan in enforcement actions reported [14]