The general office of the State Council issued opinions on further releasing consumption potential and promoting the sustainable recovery of consumption, and proposed to promote the healthy and sustainable development of consumption platforms. We will continue to do a good job in China International Import Expo, China Import and export commodities fair, China International Trade in services fair and China International Consumer Goods Expo. Improve the policy of duty-free shops in the city, and plan to build a number of duty-free shops in the city with Chinese characteristics.
The shopping experience, time and shopping methods of duty-free shops in the city are more flexible. In terms of rental cost, the rental cost of airport duty-free shops is significantly higher. For example, the Shanghai International Airport Co.Ltd(600009) deduction is generally 40%, and the rental cost of duty-free shops in the city is between 10-20%. The agency pointed out that the import tax system and luxury pricing strategy lead to obvious price differences at home and abroad. Tax exemption can effectively touch the pain points of the industry and become an important channel for the return of overseas consumption and the upgrading of domestic consumption.
According to the theme database of financial Associated Press, among the relevant listed companies:
China Tourism Group Duty Free Corporation Limited(601888) has set up duty-free shops in Beijing, Shanghai, Xiamen, Dalian and Qingdao.
Caissa Tosun Development Co.Ltd(000796) and China export service reached cooperation, and participated in Tianjin international cruise home port entry duty-free shop, Nanjing duty-free shop and Beijing duty-free shop respectively.
