Core Viewpoint - Shenzhen's departure tax refund system has been significantly upgraded, allowing tourists to receive immediate refunds on purchases, enhancing the cross-border shopping experience [1][2]. Group 1: Policy Benefits - The new "immediate refund" model allows tourists to process tax refunds on-site after shopping, with approximately 9% of the purchase amount refunded instantly [2]. - The minimum spending requirement for tax refunds has been lowered to 200 RMB per day at the same store, and cash refund limits have been increased to 20,000 RMB [2]. - Shenzhen has established departure tax refund points covering land, sea, and air, making it the only city in the country with such comprehensive coverage [2]. Group 2: Innovation Engine - The "one order, one package" model has streamlined the tax refund process, reducing verification time from an average of 10 minutes to 5 minutes [3]. - This model is particularly suited for popular domestic products, with "national goods" accounting for 60.4% of the total business volume under this model [3]. - The customs process has provisions to protect travelers' rights in case of package damage due to force majeure [3]. Group 3: Data Evidence - The departure tax refund business has seen rapid growth, with 4,274 transactions and sales of 405 million RMB projected for 2024, marking increases of 7.5 times and 11.28 times respectively [4]. - In the first quarter of this year, the tax refund business processed 2,945 transactions with sales of 183 million RMB, reflecting increases of 3.7 times and 1.5 times year-on-year [4]. - Sales of domestic products like DJI and Huawei have significantly increased, with their business volume representing 18.9% of the total tax refund transactions [4]. Group 4: Future Outlook - Shenzhen is advancing towards a "cloud tax refund" system, aiming for real-time tracking of refund progress and multiple refund methods [5]. - The city plans to optimize the layout of tax refund stores and enhance the integration of shopping and tourism experiences [5]. - The government is also working on reducing entry barriers for businesses and streamlining the registration process for tax refund stores [5].