Duty Free Consumer Goods

Current Status

§ In 2019, Hainan’s sales of duty-free goods reached 18.119 million in

quantity and 13.49 billion yuan in value, with the number of shoppers

over 3.762 million, up 37.3%, 38.5% and 35% YoY respectively.

There are four duty-free shops in Sanya Haitang Bay, Haikou Meilan Airport,

Haikou Riyue Plaza and Qionghai Boao Dongyu Island, with a variety of high

-end duty-free goods serving 80 million tourists worldwide every year.

Development Advantages

Development Direction

Create a global duty-free consumption center

with "first store, first brand, first show, first

launch", a global fashion trend information

center, and a new landmark of fashion industry

China's only duty-free exit policy

Hainan is the only province in China that can enjoy

duty-free shopping without going abroad, and it has a

dominant advantage in the country’s large-scale retail

industry with low price and abundant products.

Support the following organizations to open the

first duty-free flagship store and regional

headquarters:

Perfect supporting services

Hainan will host global events of new designs,

International Fashion Week (SS/AW), combined with a

showroom in the fashion week show as a new channel

and platform for global buyers and retailers to purchase

and order.

‐

Luxury brands

Independent designer brands

International master studio

Art research institute

Fashion marketing agency

High-end retail department store

New Opportunities for FTP Investment

Preferential tax-free policy support

Hainan will add d2ut0y-0fre亿e venues and market entities, increase the duty-free quota to 100,000 yuan per person per

year, expand the types of duty-free goods, and allow duty-free purchases of imported goods consumed by local

residents by 2025. No visa is needed for people from 59 countries, “duty free upon exit" is changed to “duty free

upon arrival", procedures for purchasing duty-free goods are simplified, postal tax is levitated, the customs

clearance mode of "zero tariffs across the island” is on the way, and a highly convenient business environment will be

provided to all brands.

Considerable consumption flow

Hainan will simultaneously develop high-end culture, sports and tourism industries, introducing world-class theme

parks, large international exhibitions and events, promoting high-quality tourism products such as cruise and yachts,

culture and sports, exhibitions, leisure and night tourism. It will continue to attract consumers with strong

purchasing power to make luxury industry prosperous.

Smart upgrades in CBD

Hainan will fully optimize the technical standards of e-commerce in terms of transactions, payment, logistics, and

foreign exchange settlement, simplify the customs clearance process and supervision model, build a "smart business

circle", and further expand sales channels.