Hainan Outlying Islands Duty Free Shops Add 6 New Market Layouts From Dominance to Diversified Competition

Original Title: Hainan Outlying Islands Added 6 New Duty-Free Stores, and Market Structure Has Shifted From Dominance to Diversified Competition

On December 30, according to the official announcement of the Hainan Free Trade Port, the outer islands of Hainantax free6 stores will be added and the total number of stores on Hainan Island has increased to 10, located in Haikou, Sanya and Boao.marketThe main body has also changed from a domain structure to multiple competition.

6 new outlying islands addedTax-free storeRespectively: Haikong Global Boutique (Haikou) Duty Free City, Shenzhen Mission Hills HaikouDuty free shoppingCity, CDF Haikou Meilan Airport T2 Duty Free Shop, Sanya Hailv Duty Free City, China Service Sanya International Duty Free Shopping Park and CDF Sanya Phoenix Airport Duty Free Shop.

There are currently 4 duty-free shops in the outer islands of Hainan: the Haikou Meilan Airport Duty-Free Shop, the Haikou Riyue Square Duty-Free Shop, the Qionghai Boao Duty-Free Shop, and the Qionghai Boao Duty-Free Shop. Sanya Haitang Bay The first three are under Hainan ProvinceTax freelimitedthe company(Abbreviation: Haitang Free), Sanya Haitang Bay Duty Free Shop is affiliated with China Duty Free (Group) Co., Ltd. (Abbreviation: CDF) .However, after 2018, CDF has become the holding companyshareholder。

The Paper reporter noted that after the addition of 6 outlying islands duty-free shops, they participated in the operation of the Hainan outlying islands duty-free shops.Market playersIn addition to Hainan Freedom and China Freedom, a new addition: Hainan Development HoldingsLimited liability company(Abbreviation: Haifa Control), a global consumer boutique trading company, and owned by the Shenzhen state duty freeProduct(Group) Co., Ltd. (abbreviation: Shenzhen Free), Hainan TourisminvestmentHainan Travel Investment Duty Free Co., Ltd. (abbreviation: Hailv), a subsidiary of Development Co., Ltd.,Chinese medicineOverseas Chinese staff under Group Co., Ltd.ServiceCo., Ltd. (abbreviated as: China Export Service).

So far, several companies including CDF, Haifeng, Haifa Control, Shenzhen Freedom, Hailv, and China Express have entered the duty-free market of the outer island of Hainan free trade port, and the outer islands of Hainan are exempt.Market structureIt has also grown from a dominant competition to a diversified competition, including Haifa Control and Hailv being local to Hainan.company。

According to the Ministry of Finance,customsAccording to the policy document issued by the General Administration and the State Administration of Taxation, the annual limit of tax-free shopping for travelers from the outer islands of Hainan is 100,000 yuan per person.RMB,Unlimited. Duty-free products purchased on outlying islands are final products for the personal use of consumers and are not allowed to enter the domestic market for resale.

It is understood that since this year, the outlying island duty-free sales of Hainan free-trade port have exceeded 30 billion yuan, especially since the implementation of the new duty-free policy on July 1, daily sales average have exceeded 120 million yuan.

The competent person in charge of the Hainan Provincial Commerce Department said that since the beginning of this year, the growth rate of duty-free shopping in Hainan’s outer islands has increased significantly.BrandContinuous and richer optimization of the sales structure, accelerated integration of more diverse online and offline marketing methods,quality of serviceIncreasingly, risks can be prevented and controlled.

It is understood that Hainan Province’s next step will be to promote the island.Resident consumptionThe “zero tariff” policy for imported goods came to an end early, and theSupplyWait for preliminary preparationjobs, Open duty-free shops for consumer goods imported by island residents as soon as possible.

(Source: The Paper)

(Responsible editor: DF381)