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].

Core Insights - The implementation of the "immediate refund" tax policy for outbound tourists in Shenzhen has significantly enhanced the shopping experience for international visitors, promoting cross-border consumption and boosting the local economy [1][3][7] Group 1: Policy Implementation - The "immediate refund" tax policy was officially launched on December 11, 2023, allowing international tourists to receive tax refunds instantly at designated stores by providing a credit card pre-authorization [1][2] - Shenzhen has established six tax refund ports, including major locations like Luohu and Futian, facilitating the immediate refund process for tourists [2][4] Group 2: Market Impact - The number of tax refund stores in Shenzhen has exceeded 1,500, with nearly 200 merchants offering the "immediate refund" service, covering 21 categories and 324 types of personal use goods [2][4] - In 2024, Shenzhen processed 4,274 tax refund transactions, with total sales reaching 405 million yuan, marking a year-on-year increase of 7.5 times [4] Group 3: Technological Integration - The introduction of digital payment options, such as the Hong Kong version of Alipay, allows for real-time refunds in Hong Kong dollars, enhancing the convenience for tourists [5][6] - Shenzhen is developing a "cloud service refund" system that supports multiple refund methods, ensuring real-time tracking of refund progress [6] Group 4: Future Developments - The city plans to further increase the number of tax refund stores and "immediate refund" points, focusing on attracting domestic brands to participate in the tax refund program [6][7] - The ongoing efforts to optimize the international business environment in Shenzhen aim to enhance the city's competitiveness and promote the internationalization of local brands [3][7]