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  • Offshore duty free sales on Hainan island surge to ...

    2020-10-03  According to Hainan Daily, which quoted Haikou Customs figures, sales for the quarter reached RMB8.61 billion (US$1.27 billion), driven by soaring purchases of top-selling category, cosmetics. To put those numbers into context, in the whole of 2019 offshore duty free shops on the island generated revenues of RMB13. 61 billion (US$1.98 billion).

  • China’s Hainan Province Is Set to Issue Fourth Offshore ...

    China’s Hainan Province Is Set to Issue Fourth Offshore Duty-Free License (Yicai Global) Sept. 7 -- Hainan province, the tropical getaway island at the southern tip of China, is poised to issue a fourth offshore duty-free business license. Many companies have bid for it,

  • Two new offshore duty free licences granted in Hainan as ...

    2020-08-19  While most of the travel retail world is reeling from the impact of COVID-19 on passenger numbers, the Chinese island of Hainan is enjoying an extraordinary revival. Buoyed by industry-friendly government policies, sales have soared to new highs and to further boost consumption, two new licences have just been issued.

  • Duty-free shopping booms on China's resort island

    2020-10-07  Four offshore duty-free shops are currently in operation in Hainan, with two in Haikou, one in Qionghai and one in Sanya. The duty-free shop in Sanya is the largest one, covering about 120,000 ...

  • Interview: Hainan Saturn Business Management Co offers ...

    2020-08-16  “Hainan’s offshore duty free industry has undergone major changes in the past few years, especially this year,” Sun told The Moodie Davitt Report. “The construction of Hainan Free Trade Port has also attracted global attention. Many companies hope to join in the development of the Free Trade Port and the offshore duty free business.

  • Hainan History, Climate, Population, Facts Britannica

    The main land territory of the province is coextensive with Hainan Island and a handful of nearby offshore islands located in the South China Sea and separated from the Leizhou Peninsula of southern Guangdong province to the north by the shallow and narrow Hainan Strait (Qiongzhou Haixia).

  • Game changing: Hainan offshore duty free allowance to be ...

    2020-06-02  In major breaking news that will transform Asia’s travel retail landscape, the annual offshore duty free allowance for shoppers visiting Hainan Island is to be raised from RMB30,000 (US$4,215 at current exchange rate) to RMB100,000 (US$14,050) as part of sweeping government plans announced yesterday for the creation of Hainan Free Trade Port.

  • Hainan update: New offshore duty free rules a travel ...

    2020-06-29  The offshore tax-free policy refers to preferential tax policies for passengers who depart the island (excluding departing national borders) by plane, train or ship. They can purchase within a limited value, limited quantity and limited varieties; pay at offshore duty free shops or approved online sales platforms; and collect the goods from designated areas of airports, railway stations and ports.

  • Hainan Offshore Duty-free Shopping Policy Sanya

    The Chinese central government released the Master Plan for the Construction of Hainan Free Trade Port in early June, 2020, which stipulated the off-shore duty-free shopping limit would be raised to RMB100,000 yuan per person per year.

  • Duty-free shopping booms on China's resort island - SHINE News

    2020-10-07  China's island province of Hainan has become a hot destination for tourists across the country durin. News / Nation. Duty-free shopping booms on China's resort island. Xinhua. 18:15 UTC+8, 2020-10-07 0. China's island province of Hainan has become a hot destination for tourists across the country during the National Day holiday. Xinhua. 18:15 UTC+8, 2020-10-07 0. China's island

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  • Luxury brands set sights on Chinese tourists in Hainan as ...

    2020-10-07  The Chinese holiday island of Hainan, and Sanya in particular, has long been a tourist destination. But since 2011, Beijing has also been pushing

  • Prestigious Watch Brands Gather In Hainan Where Duty-Free ...

    2020-09-30  IWC The latest Watches Wonders event—an initiative from Swiss luxury conglomerate Richemont —opened today in Sanya on the Chinese offshore duty-free

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  • Duty-free shopping booms on China's resort island

    2020-10-07  Four offshore duty-free shops are currently in operation in Hainan, with two in Haikou, one in Qionghai and one in Sanya. The duty-free shop in Sanya is the largest one, covering about 120,000 ...

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  • Duty-free shopping booms on China's resort island - SHINE News

    2020-10-07  China's island province of Hainan has become a hot destination for tourists across the country durin. News / Nation. Duty-free shopping booms on China's resort island. Xinhua. 18:15 UTC+8, 2020-10-07 0. China's island province of Hainan has become a hot destination for tourists across the country during the National Day holiday. Xinhua. 18:15 UTC+8, 2020-10-07 0. China's island

  • Hainan's duty-free sales boosted by new policy - Asia Times

    2020-08-20  Sales at offshore duty-free shops in China’s island province of Hainan have grown 250% to more than 5 billion yuan (US$720 million) between July 1 and August 18 from a year go after the provincial government increased its annual tax-free shopping quota.

  • Sales of Hainan duty-free goods reached 5.58 billion in ...

    The new offshore duty-free policy came into effect on July 1. The major adjustments are as followed. First, the quota of making duty-free shopping increased from 30,000 yuan to 100,000 yuan per person per year. Second, the number of the goods enjoying duty-free

  • CNSC May Nab Fourth Hainan Offshore Duty-Free Business

    Hainan is China’s southernmost province and a tourist island often compared to Hawaii. Chinese authorities plan to turn the entire province into a zero-tariff free trade port by 2025.

  • China's Offshore Wind Market Provincial Breakdown (2 ...

    2020-05-06  In some cases such as Hainan, Zhejiang, and Hebei, the conflicts of offshore area usages is another limiting factor. Despite the challenges, some like Shandong has shown ambition in integrating offshore wind development with other emerging sectors such as hydrogen and aqua-farming. Zhejiang: The Rising 4th Placer

  • The Moodie Davitt eZine 280 - Hainan Island

    Major changes to the offshore duty free shopper allowance on Hainan Island, announced this week, are the latest steps in a bold national and provincial vision for the resort location. As we reported, the annual allowance for visiting shoppers is to be raised from RMB30,000 (US$4,215 at current exchange rates) to RMB100,000 (US$14,050).

  • Hainan Offshore Duty-free Shopping Policy Sanya

    The Chinese central government released the Master Plan for the Construction of Hainan Free Trade Port in early June, 2020, which stipulated the off-shore duty-free shopping limit would be raised to RMB100,000 yuan per person per year.

  • Chinese shoppers skip Europe for Hainan and Macau this ...

    2020-09-28  Hainan, an island province in the South China Sea, is well positioned to capture a large share of domestic luxury shoppers this year, says Zhang Tianbing, consumer products and retail sector leader at Deloitte Asia Pacific. The tropical island has been boosted by a recently announced new offshore duty-free policy that increased the purchasing quota from RMB 30,000 to RMB 100,000

  • New Hainan DF policy provides scope for more premium ...

    2020-07-28  China Duty Free Group (CDFG) is ‘proactively adjusting’ its brand strategy after the raising of the offshore duty free tax credit limit on Hainan Island. As reported, the new game-changing Hainan Island offshore duty free shopping policy was implemented on 1 July 2020. New regulations include the tripling of the purchasing quota from RMB30,000/$4,285 to RMB100,000/$14,284 and the expansion

  • More China duty free licences 'expected to come ...

    2020-09-30  hainan: huge gains in first 88 days Three alone have been issued in 2020, with more than 10 public companies applying for the licences. Viewers also learned from Peng that total duty free sales at duty free ‘hotbed’ Hainan Island soared by 230% to total approximately RMB8.3 billion in the 88 days since the offshore duty free allowance ceiling was raised in July to RMB100,000/$14,700.

  • New Hainan Island offshore duty free policy 'a shot in the ...

    2020-07-01  Industry observers and stakeholders have welcomed the new game-changing offshore duty free shopping policy on Hainan Island which was implemented today (1 July), as pre-empted by TRBusiness. The new regulations, which include the tripling of the purchasing quota from RMB30,000 to RMB100,000 (no limit on the number of store visits) and expanded duty free category list, were first

  • Hainan heats up as offshore duty-free policy attracts ...

    2020-08-12  Offshore duty-free has become a popular choice for Hainan tourists, whose purchasing power remains strong," Chen said. "They also bring us great confidence for the future." On April 13, 2018, Chinese President Xi Jinping announced the decision to build the whole island of Hainan into a pilot free trade zone at a gathering celebrating the 30th anniversary of the founding of Hainan Province and ...

  • Sales of Hainan duty-free goods reached 5.58 billion in ...

    The new offshore duty-free policy came into effect on July 1. The major adjustments are as followed. First, the quota of making duty-free shopping increased from 30,000 yuan to 100,000 yuan per person per year. Second, the number of the goods enjoying duty-free policy on Hainan island has been raised from 38 to 45. The third is to withdraw the tax allowance of 8000 yuan for single item. The fourth is to

  • Hainan to open 3 new duty-free shops - China.org.cn

    2020-08-20  Hainan currently has four offshore duty-free shops, with two in Haikou, one in Qionghai and one in Sanya. Follow China.org.cn on Twitter and Facebook to join the conversation.

  • China Focus: Duty-free shopping booms on China's resort ...

    Consumers shop at a duty-free store in Haikou, capital of south China's Hainan Province, Oct. 4, 2020. (Xinhua/Pu Xiaoxu) Official data shows the duty-free sales in Hainan topped 8.6 billion yuan from July 1 to Sept. 30, an increase of 227.5 percent year on year, with the sales of cosmetics landing on top.

  • Hainan sees tourism, consumption boom during holiday ...

    1 day ago  Official data showed that Hainan's four offshore duty-free shops currently in operation received some 146,800 customers and sold 998,900 duty

  • Hainan offshore duty-free policies upgraded: annual ...

    Hainan's offshore duty-free shops achieved a turnover of RMB 8.016 billion in 2017, a 32% year-on-year growth. From January to October this year, the shops achieved a turnover of RMB 7.949 billion,...

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  • Hainan sees tourism, consumption boom during holiday ...

    1 day ago  Official data showed that Hainan's four offshore duty-free shops currently in operation received some 146,800 customers and sold 998,900 duty

  • China Focus: Duty-free shopping booms on China's resort ...

    Consumers shop at a duty-free store in Haikou, capital of south China's Hainan Province, Oct. 4, 2020. (Xinhua/Pu Xiaoxu) Official data shows the duty-free sales in Hainan topped 8.6 billion yuan from July 1 to Sept. 30, an increase of 227.5 percent year on year, with the sales of cosmetics landing on top.

  • Hainan to open 3 new duty-free shops - China.org.cn

    2020-08-20  Hainan currently has four offshore duty-free shops, with two in Haikou, one in Qionghai and one in Sanya. Follow China.org.cn on Twitter and Facebook to join the conversation.

  • New
  • China Focus: Hainan sees tourism, consumption boom during ...

    1 day ago  Official data showed that Hainan's four offshore duty-free shops currently in operation received some 146,800 customers and sold 998,900 duty-free merchandise during the holiday, up by 43.9 percent and 97.2 percent year on year, respectively. Starting on July 1, Hainan increased its annual tax-free shopping quota from 30,000 yuan to 100,000 yuan per person. The range of duty-free goods

  • Opening a new chapter for the Hainan Free Trade Port ...

    Dubai: Chinese President Xi Jinping has announced that China will support Hainan in building the pilot free trade zone throughout the entire island, gradually exploring and steadily promoting the ...

  • Hainan's duty-free sales surge 250% after policy upgrade

    Sales of offshore duty-free shops in China's island province of Hainan exceeded 5 billion yuan ($720 million) from July 1 to Aug 18, an increase of 250 percent year-on-year, local authorities said Wednesday. Data showed some 740,000 customers visited Hainan's duty-free

  • The Moodie Davitt eZine 279 - Road to Recovery: Hainan

    In a major boost to the offshore business, the authorities have just introduced a new scheme allowing Mainland visitors to Hainan to spend any of their unspent RMB30,000 (US$4,240) annual allowance online for up to 180 days once they arrive back – and have the goods couriered to their home.

  • 5. Comparisons and verifications for offshore mariculture ...

    Three of the four locations shown in Table 11 are well offshore (the Federative Republic of Brazil and the Republic of Panama), and the last one is offshore of Hainan Island, the People’s Republic of China. These locations offer the opportunity for verification of predicted potential with actual offshore locations.

  • Hainan, China: Tax and Duty Free

    Offshore visitors (including visitors residing on the island) are tentatively allowed to spend less than RMB 5,000 yuan on each duty-free shopping visit per person. The annex to The Pilot Announcement for the Duty-Free Shopping Policy on Hainan Island provides the amount and range of the duty-free goods.

  • Prysmian Lands USD 140 Mln ... - Offshore Energy

    2015-10-26  Prysmian has been awarded a contract by Hainan Second Cross-Sea Interconnection Tie Project Management worth more than $140 million for the design, supply, installation, and commissioning of a submarine power cable link for the second interconnection between Hainan island and China mainland. “We are particularly proud of this new award as this is the first []

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