Sa Sa int'l (00178) rose nearly 4%, as of press time, up 3.66% at HKD 0.85, with a turnover of HKD 4.2274 million.
According to the Zhongtong Financial APP, Sa Sa int'l (00178) rose nearly 4%, as of press time, up 3.66% at HKD 0.85, with a turnover of HKD 4.2274 million.
On the news front, the Ministry of Finance, the General Administration of Customs, and the State Taxation Administration issued a notice on increasing the tax-free limit for luggage items carried by residents of Hong Kong and Macao entering the mainland. Among them, it was announced that the tax-free limit for luggage items carried by mainland residents entering the mainland from Hong Kong will be increased from the current RMB 5,000 to RMB 12,000, while the policy of purchasing an additional RMB 3,000 tax-free commodities at duty-free shops at entry ports will be retained, with a total limit of RMB 15,000. Hong Kong Chief Executive Li Jia-chao said that under the new arrangement, it is estimated that it will bring about an additional HKD 8.8 billion to HKD 17.6 billion in shopping consumption in Hong Kong annually, and an increase in economic value of about HKD 2.7 billion to HKD 5.4 billion.