China
Hong Kong's stock market ended higher Thursday with the benchmark Hang Seng Index up 0.17 percent to close at 26,629.96 points.
The Hang Seng China Enterprises Index bucked the overall trend and dipped 0.09 percent to 9,114.30 points, while the Hang Seng Tech Index ticked up 0.28 percent to 5,762.44 points.
Hong Kong's Hang Seng Index closes 0.17 pct higher
Chinese authorities are set to open duty-free shops each at 41 listed ports of entry to the country, including airports, sea ports and land border crossings, aiming to facilitate tax-free shopping for inbound travelers.
Five government departments, including the Ministry of Finance, made the announcement on Wednesday. They defined port-of-entry duty-free shops as stores located within the restricted zones of airports, sea ports or land border crossings. Spread across the country, these stores will only offer duty-free goods to inbound international passengers.
Analysts say the move will boost consumption and promote the sustained growth of the duty-free retail sector.
Beyond China's natural scenery and cultural appeal, shopping in the country is becoming an increasingly integral part of international tourists' travel itineraries. China has also been expanding its visa-free entry policies and refining tax-refund-upon-departure services for international tourists in recent years.
China to opens 41 new entry-port duty-free shops
