HK Stock Market Move | China Tourism Group Duty Free Corporation (01880) rises over 4% against the market trend, the company announces its first interim dividend. Recently introduced policies are expected to drive growth in the duty-free industry.

China Tourism Group Duty Free Corporation (01880) rose more than 4% against the market trend, with an increase of 4.04% to HK$67 at the time of writing, with a trading volume of HK$91.1791 million. In terms of news, the China Tourism Group Duty Free Corporation recently announced its first mid-term dividend plan, intending to distribute HK$2.50 (inclusive of tax) per 10 shares, totaling approximately HK$517 million, accounting for 16.95% of the net profit attributable to shareholders in the first three quarters. Huachuang Securities stated that the company's implementation of dividend distribution during a period of performance pressure sends a clear signal to the market of its stable financial condition and effective cash flow management, which helps stabilize investor expectations and demonstrates management's confidence in the long-term development of the company. Zhongjin Securities released a research report stating that multiple policies introduced recently are expected to promote the growth of the duty-free industry: On October 17, the Ministry of Finance and two other departments announced adjustments to the policy for duty-free shopping for passengers traveling to and from Hainan Island, enriching product categories and increasing eligibility for purchases, which may lead to an increase in sales; further policy improvements were made on October 30 to support the sales of domestic products in duty-free stores at ports and within cities, as well as expanding the range of business categories; On December 18, the formal launch of the closure of duty-free shops on the entire island of Hainan's free trade port is expected to boost off-island passenger flow and duty-free sales.