Hainan's Official Portal for Global Investors


Home  »  Events & News  »  News

World's largest duty free store will open in Haikou on October 28

The world's largest duty free store will open in the Chinese city of Haikou (southern Hainan province) on October 28 this year. The local newspaper Hainan Daily writes about it.
The 280,000 square meter store is a part of a huge complex, which will also house a hotel, office space and other stores selling ordinary goods. More than 800 Chinese and foreign brands have already prepared to stock the store, according to Hainan Daily newspaper.
Hainan authorities launched a pilot program to create a developed duty free network in 2011. Currently there are nine duty-free stores on the island, located in the provincial capital Haikou, the resort of Sanya, as well as in the coastal town of Boao in Qionghai district in the northeast of Hainan.
As of July 1, 2020, the provincial authorities increased the quota per capita for purchases at the province's duty-free stores from 30,000 to 100,000 yuan (from $4,71,000 to $15,72,000). The list of duty-free goods was expanded from 38 to 45 items. Duty-free stores also launched a postal delivery service on February 2 last year, which sends purchases to their customers' destination if they are leaving the island.