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Double well! The first International Consumer Goods Fair is about to take place. The Ministry of Finance is developing a strategy, and the concept of a free trade and duty-free port welcomes the policy on red (with stock)
Zhang Zhibo original
The first China International Consumer Goods Expo is coming up, and the Hainan Free Trade Port and the duty-free concept have won once again.
Hainan Free Trade Port and Duty Free Concept is Good News
According to Nanhai.com, the China International Consumer Goods Expo will be held for the first time in May. The Ministry of Finance and other departments are accelerating the formulation and introduction of tax exemption policies for foreign exhibitions at exhibitions nationwide. By then, the import and sale of exhibits abroad will be exempt during the exhibition period, and the tax exemption policy will not be less than that of the China International Import Expo and the China International Trade Services Fair. .
It is reported that the China International Trade Services Fair and the China International Import Expo are China’s two national exhibitions, held in Beijing and Shanghai, respectively, once a year. The convention and exhibition economy is generally considered an industry that indirectly brings economic benefits and promotes social development, and the industry’s momentum ratio is as high as 1: 9. It not only indirectly boosts the host country’s economy, but also the import and sale of exhibits during the exhibition period, my country’s tax exemption is unprecedented.
The first China International Consumer Goods Expo was held in Hainan Province, and the Ministry of Finance formulated support for the tax exemption policy of the two national exhibitions. For Hainan’s duty-free consumer goods industry, this is undoubtedly another red envelope policy. The Hainan Free Trade Port and the tax exemption concept will welcome the dual benefits of politics and industry.
Hainan Free Trade Port Future Development Plan Is Improving
In June 2020, the Central Committee of the Communist Party of China and the State Council issued the “General Plan for the Construction of the Free Trade Port of Hainan”, clarifying that by 2025, the development goal of a port policy system free trade focused on trade. Freedom and investment freedom and convenience will be established initially.
In order to implement the requirements of the “Plan”, with the approval of the State Council, the Ministry of Finance, the General Administration of Customs and the State Tax Administration jointly issued the “Announcement on the Tax-Free Purchase Policy for Hainan Outlying Islands Passengers “, which will be implemented from July 1, 2020. The” Announcement “directly stipulates the types and quantity of duty-free products, clarifies the detailed rules for duty-free purchases, and focuses on releasing policy dividends to help the Hainan Free Trade Port become a benchmark in the industry.
The economic stimulus of the “Ad” is directly reflected in the sales performance of Hainan’s duty-free products. According to data from the Hainan Province Department of Commerce, in the first half of 2020, the outlying islands of Hainan duty-free shops will reach total sales (tax included) of 9.14 billion yuan, of which duty-free sales taxes will be 7.5 billion yuan. In the second half of the year (July 1 to December 31), total sales amounted to 23.6 billion yuan, an increase of 158.21% over the previous month; of which, tax-free sales were 20 billion yuan, an increase of 166.67%. of the previous month.
In the first two months of this year, sales of duty-free products in the nine duty-free stores on the outer islands of Hainan were 8.49 billion yuan, an increase of 359% year-on-year. It can be seen that in the context that the foreign epidemic is not over yet, the tax exemption policy has released dividends, effectively promoting the return of Chinese consumption abroad to Hainan and promoting the construction of the center. international tourism consumer market.
In the two sessions of 2021, “stabilizing and expanding consumption” has become the central theme of the conference. On January 24, Feng Fei, Acting Governor of the Hainan Provincial People’s Government, gave a government work report at the two local sessions, noting that during the “XIV Five-Year Plan” period, Hainan will improve the duty-free sales of the island. network to achieve the full docking of foreign products with domestic purchasing power and attract 300 billion yuan tax-free returned purchases.
Some organizations predict that the Hainan retail market in the future is expected to be tax free (tax free for islands, tax free for islanders, tax refund for departure, etc.) + tax (traditionalOnline and offlineIt is comprised of taxes, buybacks, new cross-border e-commerce O2O pilots, etc.), and is expected to become a world-renowned international shopping destination in the next five years. At the same time, based on the expansion and construction of the airport, the optimization of the Qiongzhou Strait and the construction of the Guangzhan port high-speed railway, Hainan’s tourist reception capacity is expected to increase by 50-100%. in the next years. 3-5 years, laying a solid foundation for a good reception of the passenger flow.
Released favorable policy concept actions
Hainan free trade port and duty-free concept actions are more numerous, and profit concept actions cover a wider range. Securities Times · Databao selected 18 of these stocks for readers.
Among the following 18 actions,Lanhai MedicalDaily intraday limit. After entering the Year of the Ox, Lanhai Medical has shown a general upward trend. At the close of today, the increase has exceeded 20%.
The highest market value isFree china, It is 585.001 billion yuan. China CDF resisted the market and rose today, closing 6.14% higher. As the absolute leader of the domestic duty-free industry, CDFG has considerable advantages both in terms of products and scale, and will continue to have a dominant market share in the future, and is expected to become a pioneer in the construction of international tourism. of Hainan. consumption center.
Guosen ValuesHe said that in early 2021, Hainan’s duty-free shopping and postal shipping will be liberalized, which is once again a favorable policy. In the future, with the launch of new projects, the increase of branded SKUs and the improvement of the traffic, taking into account the difference in the contribution of the passenger flow of the airport ferry, it is estimated that the space for the next three years it will be 100 to 175 billion. yuan, and the next five years will be 200 to 300 billion yuan.
Disclaimer: All content of Databank information does not constitute investment advice. The stock market is risky and investment must be cautious.
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