HK Stock Market Move | China Tourism Group Duty Free Corporation (01880) increased by more than 4%, with various preparations for the closure of operations at Hainan Free Trade Port basically ready. The tax-free shopping on the island during the holiday season is maintaining a stable growth trend.

China Tourism Group Duty Free Corporation (01880) rose more than 4%, as of the time of writing, it has risen 3.89% to HK$61.45, with a turnover of HK$93.3598 million. On the news front, on October 15, Wang Fengli, deputy director of the Hainan Provincial Party Committee's Deep Reform Office (Free Trade Port Working Committee), stated at a meeting with Chinese and foreign journalists that the overall progress of the closing task of the Hainan Free Trade Port is smooth, and various preparations are basically ready. On December 18 this year, the Hainan Free Trade Port will start island-wide closing operations. Currently, the infrastructure and inspection facilities of the 8 open ports and 10 "second-line ports" of the Hainan Free Trade Port are basically complete, with 64 anti-smuggling comprehensive law enforcement stations in operation with professional personnel. The construction of the Hainan International Trade "Single Window" and the Customs Intelligent Supervision Platform information systems has been completed, realizing coordination and joint testing with ports and maintaining a hot standby status. Guotai Haitong pointed out that data released by Haikou Customs on October 9 showed that during the National Day and Mid-Autumn Festival "double festival" holidays in 2025, the cumulative amount of tax-free sales on outlying islands in Hainan Province reached 944 million yuan, an increase of 13.6% compared to the same period last year. Among them, the number of shoppers was 122,900, with an average shopping amount of 7,685 yuan per person, maintaining a steady growth trend from previous years. Zhongjin stated that during the double festival holiday (October 1-7), the average number of passengers transported by Haikou Meilan Airport increased by 7% year-on-year; Sanya released data showing that on October 5, the daily sales of the cdf Sanya International Duty-Free City exceeded 1.2 billion yuan, a 60% year-on-year increase. It is recommended to pay attention to the follow-up year-on-year trend of tax-free sales on outlying islands in Hainan and the potential increase in demand brought about by the policies of the Hainan Free Trade Port.