CTG DUTY-FREE (01880) Drops Over 4% as Hainan's Island-Wide Customs Closure Takes Effect; Market Eyes Beijing and Shanghai Airport Duty-Free Bids

Stock News12-18 10:34

CTG DUTY-FREE (01880) fell more than 4%, trading at HK$67.25 by the time of writing, with a turnover of HK$122 million. The decline follows the official implementation of Hainan Free Trade Port's island-wide customs closure starting December 18, 2025. The policy rollout includes synchronized enforcement of import tax catalogs, goods circulation tax rules, restricted lists, processing value-added domestic sales tariff exemptions, and customs supervision measures.

Huaxi Securities previously noted that as the company deepens its retail network in Hainan, coupled with a gradual recovery in high-end consumption and ongoing optimization of Hainan Free Trade Port policies, its business operations are expected to improve steadily.

Additionally, CTG DUTY-FREE announced last night that its wholly-owned subsidiary, China Tourism Group Duty Free Corporation Limited, secured the winning bid for duty-free shop projects at Shanghai Pudong International Airport and Shanghai Hongqiao International Airport. The company signed concession agreements for the T2 terminal and S2 satellite hall international area at Pudong Airport, as well as the T1 terminal international area at Hongqiao Airport. The market is now closely watching the upcoming release of the shortlisted bidders for Beijing Capital Airport's duty-free concessions.

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The company signed concession agreements for the T2 terminal and S2 satellite hall international area at Pudong Airport, as well as the T1 terminal international area at Hongqiao Airport. The market is now closely watching the upcoming release of the shortlisted bidders for Beijing Capital Airport's duty-free concessions.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1997245094.SGD","symbol_name":"安联神州A股基金AT Acc SGD","start_time":0,"source_url":"","article_id":"1100266328","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1100266328","pubTimestamp":1766025285,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"CTG DUTY-FREE (01880) fell more than 4%, trading at HK$67.25 by the time of writing, with a turnover of HK$122 million. 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