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Express News | Citigroup's Long Position in H-Shares of China Tourism Group Duty Free Increases to 5.22% on Aug 5 From 4.78% - HKEX
Haitong Int'l: In June, the decline in offshore duty-free sales in Hainan narrowed slightly, and the introduction of new policies is expected to restore market expectations.
In the first half of 2024, Hainan's offshore duty-free sales amounted to 18.5 billion yuan, a 30% decrease year-on-year. Although the overall sales have declined, monthly data shows that the decline is gradually narrowing.
[Brokerage Focus] Haitong Int'l: Tax-free policy implemented, expected to boost consumer confidence and repair market expectations
Haitong International released a research report stating that in the first half of 2024, Hainan's duty-free sales amounted to 18.5 billion yuan, a year-on-year decrease of 30%. Although the overall sales volume has declined, monthly data shows that the decline is gradually narrowing. In May 2023, the Hainan Provincial Market Supervision Bureau issued a notice regarding the crackdown on duty-free "proxy purchasing" smuggling activities, calling for resolute crackdown on such unlawful activities. The bank believes that in the first half of 2023, the duty-free sales in Hainan's outlying islands were affected by the "proxy purchasing" base, and with the decline in the base in the second half of the year and the promotion of consumer recovery, Hainan's outlying islands will continue to grow.
Express News | BlackRock Inc's Long Position on H-Shares of China Tourism Group Duty Free Decreases to 4.59% on Aug 1 From 5.18% - HKEX
HKEX Market Dynamics: China Tourism Group Duty Free Corporation (01880) rose nearly 5% in the afternoon. The market is paying attention to the update expectations of the city's duty-free policy and consumption tax policy.
China Tourism Group Duty Free Corporation (01880) rose nearly 5% in the afternoon, as of press time, up 4.82% at HKD 55.5 with a turnover of HKD 73.3615 million.
Express News | BlackRock's Long Position in H-Shares of China Tourism Group Duty Free Increases to 5.19% on July 31 From 4.54% - HKEX
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