China
The Hong Kong stock market ended lower Wednesday with the benchmark Hang Seng Index down 1.36 percent to close at 25,176.93 points.
The Hang Seng China Enterprises Index fell 1.18 percent to end at 9,038.27 points, and the Hang Seng Tech Index fell 2.72 percent to end at 5,490.76 points.
Hong Kong Hang Seng Index closes 1.36 pct lower
Hong Kong Hang Seng Index closes 1.36 pct lower
Duty-free sales in China's Hainan Free Trade Port (FTP) reached 161 million yuan (about 22.8 million U.S. dollars) on Thursday, the first day of island-wide special customs operations, according to official statistics released Friday by Haikou Customs.
Nearly 24,800 shoppers purchased about 118,000 items on the day, up 53 percent and 25 percent year on year, respectively, the data showed.
At the Haikou International Duty-Free Shopping Complex, significant discounts drew large numbers of customers.
"We were curious about the changes after the island-wide special customs operations were implemented, so we came to have a look," said a customer.
"Foot traffic is up at least three to four times compared with usual levels, and new products are selling very well," said Xu Xueli, a salesperson at the Haikou CDF Mall.
The Haikou Global Premium Duty Free Plaza was also bustling with customers engaging in interactive games and promotional activities.
"The performances are fantastic, and the discounts are very generous. I came after the island-wide special customs operations began to buy some duty-free items. I've had my eyes on, and I'm really happy," said another customer.
"By integrating cultural experiences and duty-free shopping, we aim to better incorporate Dongpo culture into the consumer experience," said Chen Haidan, sales manager in the operations management department of the Haikou Global Duty-Free Plaza.
Su Dongpo was a prominent poet and cultural figure of China's Song Dynasty (960–1279), celebrated for his literary legacy and culinary skills.
The island-wide special customs operations took effect Thursday in the Hainan Free Trade Port, the world's largest free trade port by area, allowing freer entry of overseas goods, expanded zero-tariff coverage and more business-friendly measures.
Hainan records 161 mln yuan in duty-free sales on first day of special customs operations
