CTG DUTY-FREE (01880) rose more than 7% in Hong Kong trading. At the time of writing, the stock was up 6.71% to HKD 100.2, with a turnover of HKD 293 million. The surge follows recent policy developments. Multiple government departments, including the Ministry of Finance, jointly issued a notice implementing a "zero-tariff" policy on certain imported goods for consumption by residents within the Hainan Free Trade Port, effective immediately. The policy stipulates that eligible imported goods purchased by Hainan residents at designated venues will be exempt from import tariffs, import VAT, and domestic consumption tax, subject to specified quota and product list limits.

Furthermore, statistics released by Haikou Customs on February 5 showed strong performance for Hainan's offshore duty-free shopping in January. Sales reached 4.53 billion yuan, with 560,000 shoppers purchasing 3.367 million items, representing year-on-year increases of 44.8%, 21.0%, and 14.0%, respectively. Wanlian Securities noted that as Hainan establishes and refines its supply chain, covering products from fast-moving consumer goods to mid-to-high-end luxury items, and as resident duty-free policies are expected to be further relaxed in terms of shopping quotas and product categories, the island's appeal to both domestic and international tourists, as well as its attractiveness for industry professionals, will be significantly enhanced. Hainan's offshore duty-free retailers are poised to benefit continuously from these trends. Guosheng Securities added that the province's offshore duty-free sector is anticipated to maintain its strong growth momentum during the upcoming Spring Festival peak season.