CTG DUTY-FREE (01880) surged over 9%, and as of press time, the stock was up 7.26% to HK$67.25 with a trading volume of HK$327 million. On the news front, China Travel Service Group announced that Guangzhou's first city duty-free store will open on August 26. The Guangzhou city duty-free store is jointly developed by China Travel Service Group, Guangbai Co., Lingnan Holdings, and Baiyun Airport.

Previously, on August 23, Shenzhen's city duty-free store successfully completed its first transaction during the trial operation period. At around 10:00 AM, customer Mr. Bai completed his purchase in the duty-free liquor section and will depart from Shenzhen Airport to Dubai next Monday, becoming the first customer during the trial operation phase. This marks a milestone achievement in project construction and operations.

CITIC Securities noted that overall duty-free sales and Hainan duty-free sales declined in Q1 2025, with Q2 still experiencing some impact. Hainan channels gradually turned positive in Q2. Multiple cities' duty-free stores have entered the implementation and cultivation phase. Under tariff policies, duty-free channels have expanded price advantages for certain products, and city duty-free stores are expected to better serve domestic product sales for foreign departing passengers in the future. With Hainan's customs closure approaching this year, the independence of offshore duty-free policies is expected to be maintained and may benefit from consumption stimulus policies after the closure.