HK Stock Market Move | China Tourism Group Duty Free Corporation (01880) falls more than 4% as Hainan border closure is officially implemented. Market focuses on the bidding situation for duty-free operations at Capital and Shanghai International Airports.

China Tourism Group Duty Free Corporation (01880) fell more than 4%, falling by 4.2% to HK$67.25 as of the time of publication, with a turnover of HK$122 million. On the news front, according to Xinhua News Agency, as of December 18, 2025, the Hainan Free Trade Port officially started the island-wide closure. Import tariff commodity catalog, goods circulation tax policy, prohibited and restricted list, processing value-added domestic sales duty-free policy, customs supervision measures, and a series of closure policies and supporting documents are being implemented simultaneously. Huaxi previously pointed out that with the company's deepening retail network layout in Hainan, accompanied by the gradual recovery of high-end consumption and the gradual optimization of Hainan Free Trade Port policies, the company's business operations are expected to continue to improve. In addition, China Tourism Group Duty Free Corporation announced last night that it has received the bid-winning notification from Shanghai International Airport, confirming that its wholly-owned subsidiary, China Duty Free Group, has been awarded the duty-free shop project at Shanghai Pudong International Airport and Shanghai Hongqiao International Airport. They have signed a contract for the transfer of operation rights for the international duty-free shops in the T2 terminal and S2 satellite hall at Shanghai Pudong International Airport, as well as the T1 terminal at Shanghai Hongqiao International Airport. The market is currently focused on the bid-winning candidate list soon to be revealed by Capital Airport.