reply Practical exploration of Hainan Free Trade Port: duty-free shops are constantly looking for a new sh

When the duty-free shopping quota on hainan's offshore islands was raised to 100,000 yuan per person per year, it was not only consumers who were excited, but also duty-free shops in the secondary market. The Wind Duty-free store index has risen 4.16% since June, with Gree Real Estate, which is planning to acquire Zhuhai Duty Free Group, gaining 33.02% since June."Since the landing details have not yet been released, the 100,000 yuan duty-free shopping quota has not yet been implemented. Everything will be carried out according to the original duty-free shopping rules." China Exemption Group haikou duty free store media director told the securities Times · E company reporter. In haikou, the largest scale of the sun and the moon plaza duty-free shop, consumers are in an endless stream, many more from the northeast and other places to travel shopping, and frankly the price of duty-free goods compared to Hong Kong duty-free shop at a greater discount.Ms. Tang, who traveled to Hainan from Guangzhou, told reporters that she often went shopping in Hong Kong before the epidemic. She felt that the duty-free goods in Hainan had a better price advantage than those in Hong Kong and that the service attitude of the stores was better. She had a hunch that Hainan would become a new shopping paradise.On June 1, the Central Committee of the Communist Party of China (CPC) and the State Council issued the Overall Plan for the Construction of a Free Trade Port in Hainan (hereinafter referred to as the Plan). The duty-free shopping quota on outlying islands will be raised to 100,000 yuan per person per year and more varieties will be added.Tax-free revenue expected to hit record highsStatistics show that since the implementation of the offshore islands tax exemption policy in China in 2011, it has undergone six adjustments and improvements, with more than 12 million shoppers and a total sales volume of nearly 40 billion yuan.There is no doubt that the new policy is good for the duty-free consumption industry. Analysts said that in the context of the epidemic this year, the number of new off-island supplementary purchase mode has broken the limit. After the channel is expanded, the off-island duty-free revenue scale is still expected to reach a new high.On May 30, 2013, han zheng, member of the standing committee of the political bureau of the CPC central committee and vice premier of the state council, visited the duty-free shop in haikou sun and moon plaza to learn about the implementation of the duty-free policy and the market sales of hainan islands during his research in hainan.Han Zheng stressed that we should take multiple measures to promote the recovery of consumption, expand consumption channels, and promote consumption backflow. On the basis of raising the duty-free shopping quota, we should promptly improve relevant policies and market access standards, and vigorously promote the construction of hainan International tourism consumption center.With the outbreak receding and tourism picking up, the popularity of duty-free shops in Hainan has gradually recovered. On June 4, the reporter of Securities Times · E company saw an endless stream of consumers in the duty-free store of Sun and Moon Plaza, the largest shopping mall in Haikou, after the store opened at 10 am. Among them, scented products were the most popular among consumers, and consumers consulted and bought before the shelves."We were also the first to learn about the new tax exemption." Zhang Ke, director of media at The Haikou duty free store of China Duty-free Group, told The Securities Times · E Company that since the landing rules have not yet been issued, the purchase of all duty free items will still be implemented in accordance with the original rules, namely, tourists on the outlying islands (including those living on the island) will be allowed to buy 30,000 yuan duty-free each year."On February 20 this year, duty free shops in The Sun and Moon Square resumed business. During the epidemic, people were required to control the flow of people and take their temperature while wearing masks." Zhang ke said that duty-free shops have basically recovered their sales before the epidemic. Many tourists who used to go shopping in Japan, South Korea and Hong Kong have turned to Hainan for consumption due to the inconvenience of the epidemic."In the past, the duty-free quota in Hainan was only 30,000 yuan, and consumers could only buy small luxuries. With the quota raised to 100,000 yuan, consumers can have more expensive luxuries in their shopping carts." "Said Mr. Chen, who has lived in Haikou for more than a decade.In the duty-free shop of Sun and Moon Square, apart from scented products and some light luxury brand jewelry, handbags and watches, there is no sales in the more high-end luxury goods stores with high unit prices, which is also limited by the current duty-free shopping quota of 30,000 yuan.Sun and moon square in addition to the popularity of duty-free shops, other shops are quite deserted. Mr. Chen, a native of Haikou, has witnessed the development of Hainan from an international tourism island to a free trade port for many years. He believes that the epidemic has still had a big impact on local consumption, and the duty-free consumption in Hainan still needs a long construction cycle. It is not expected that a large number of tourists will come to Hainan for consumption in the short term.The new tax exemption pattern of Hainan's offshore islandsThere are currently four duty-free shops on hainan island. On January 19, 2020, haikou Sun and Moon Plaza duty-free shops and Qionghai Boao duty-free shops were officially opened, forming a new duty-free pattern of islands together with sanya Haitang Bay Duty-free City and Haikou Meilan Airport duty-free shop in Hainan.To be specific, Haikou duty free store covers an area of 22,000 square meters, 13,000 square meters for the first phase, and Boao duty free store covers an area of 4,200 square meters. Sources in the industry said that at present, the two new duty-free shops have introduced a total of nearly 200 international brands. All goods are purchased directly from the place of origin by China Duty Free Products (Group) Co., LTD., which is also part of China Tourism Group.According to the current hainan has the offshore duty-free policy, 16 one full year of life on a plane, train, ferry to mainland China area but not the departure of tourists at home and abroad, including residents of hainan province, armed with air tickets, train tickets, tickets to the duty free shopping, to pick up the goods delivery, including passengers flying islands according to goods must pay taxes included choice is to buy is. Consumers who choose to shop first and then pick up the goods can pick up the goods at Haikou Meilan Airport, Sanya Phoenix Airport, Boao Airport, Xiuying Port wharf and New Seaport wharf.China Travel Service Group became the biggest beneficiaryOn June 1, the Overall Plan of Hainan Free Trade Port was released, and many tourism enterprises warmly responded to the favorable opportunities brought by this policy to tourism industry, and said that they would speed up the layout of Hainan.Among the many tourism enterprises, the biggest positive is the Chinese tourism group. In September 2018, China Tourism Group officially moved its headquarters to Hainan, and achieved significant growth in its total assets and operating revenue in Qiong. By the end of 2019, China Tourism Group has invested and set up 18 holding companies, one joint-stock company and five entrusted hotels in Hainan. The total assets of Qiong have increased by 24.7% year on year, and the total operating revenue has increased by about 63.6% year on year.The latest plan to relax the duty-free shopping quota on outlying islands to 100,000 yuan per person per year and expand the category of duty-free goods is expected to boost the income of Chinese tourism groups in Qiong again.Since the completion of the acquisition of 51% of the shares of Haikou Meilan Airport, China Tourism Group has incorporated haikou Meilan Airport duty-free shop into the operation management, and set up haikou Sun and Moon Plaza duty-free shop and Boao duty-free shop, together with Sanya Duty-free City and Meilan Airport duty-free shop, forming a duty-free operation network of the whole island.