Changes in Hong Kong stocks | China Exemption (01880) opened more than 3% higher, the amount of duty-free shopping on the outlying islands rose 61% year on year on the first day of the Hainan customs closure

The Zhitong Finance App learned that China's free trial (01880) opened more than 3% higher. As of press release, it rose 3.68% to HK$73.3, with a turnover of HK$3.775 million.

According to the news, Haikou Customs released statistics on December 19. On December 18, when the Hainan Free Trade Port officially launched the island-wide customs closure, the amount of duty-free shopping on the outlying islands of Hainan was 161 million yuan, the number of shoppers was 24,800, and 118,000 items were purchased, up 61%, 53.1%, and 25.5%, respectively. Also, according to a report by the Sanya Daily, on the first day of the customs closure, Sanya's duty-free sales performance was impressive, with the city's duty-free sales reaching 118 million yuan.

Societe Generale Securities believes that duty-free shops in the new city will be opened centrally in Q3-Q4, and that the duty-free drainage+tax supplement layout will achieve full passenger flow coverage. At the same time, the outlying islands tax exemption policy, port and city tax exemption policies have been optimized to further expand the coverage radius of stores, expand the customer base, increase the scope and categories of sales, and simplify some approval processes to supplement sales growth. Currently, the duty-free sector has a relatively good chip structure. Fundamentals are recovering from the bottom up, and there will still be favorable policies and catalysts in the future.