Hainan's duty-free shopping sector saw record-breaking activity during China's recent National Day holiday, with sales surging 35% year-on-year. Now, authorities are preparing to amplify this growth through expanded policies taking effect November 1.
The new measures will introduce 15 additional product categories – including high-end electronics and premium alcohol – while doubling individual annual purchase limits to 100,000 yuan ($13,700). Analysts predict this could increase Hainan's annual duty-free sales to $25 billion by 2025.
The policy shift aligns with broader plans to transform Hainan into a globally significant free trade port. A special customs operation scheduled for December will streamline cross-border logistics, enabling faster product turnover for retailers like China Tourism Group Duty Free.
Expanded product lines targeting luxury consumers
Simplified tax refund processes for international visitors
Enhanced digital payment systems supporting 18 currencies
This strategic development positions Hainan as both a tourism hotspot and regional trade hub, offering new opportunities for businesses eyeing Asia's growing consumer market.
