Hong Kong Stocks Alert | CTG DUTY-FREE (01880) Surges Over 3% as Hainan Free Trade Port Plans Expanded Visa-Free Tourism Entry Policy

Stock News
Sep 05

CTG DUTY-FREE (01880) climbed over 3%, rising 3.3% to HK$61.05 with trading volume reaching HK$149 million as of press time.

On the news front, the "Hainan Free Trade Port Tourism Regulations (Draft)" was released for public consultation on September 5. The draft proposes that Hainan Free Trade Port will implement a broader visa-free entry policy for tourism. Citizens from countries specially approved by the State Council may enter through Hainan Free Trade Port's designated ports without visas and travel within Hainan Free Trade Port for specified periods.

Previously in July, the State Council Information Office held a press conference focusing on Hainan Free Trade Port construction, clarifying the timeline for closed-loop operations, optimizing tax policies, and improving transit policies.

Founder Securities believes that investors should continue monitoring valuation catalysts brought by progress in Hainan's closed-loop operations, while paying attention to the company's performance in domestic ports and downtown duty-free operations.

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