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Hainan offshore duty-free sales reach 554 mln yuan during May Day holiday

China

China

China

Hainan offshore duty-free sales reach 554 mln yuan during May Day holiday

2026-05-06 15:52 Last Updated At:17:47

Offshore duty-free sales in south China's Hainan Province totaled 554 million yuan (around 81.11 million U.S. dollars) during the five-day May Day holiday from May 1 to 5, according to customs statistics released on Wednesday.

The sales figure represented a year-on-year increase of 10.4 percent compared with the same period in 2025, data from Haikou Customs showed.

A total of 84,600 shopper trips were recorded during the holiday, up 7.4 percent from a year earlier, with 441,700 items purchased, an increase of 3.8 percent.

The robust consumer spending during the holiday highlighted the strong appeal of Hainan's offshore duty-free policy.

To cope with the surging passenger flow and shopping demand, Haikou Customs rolled out a series of supervisory and service measures in advance, fully adopting facilitation models such as "centralized plus automated" customs clearance and remote video inspection to ensure efficient and smooth entry and exit of duty-free goods from warehouses. These measures enabled rapid restocking and shelving of popular products, effectively meeting the consumer demand during the holiday season.

Hainan offshore duty-free sales reach 554 mln yuan during May Day holiday

Hainan offshore duty-free sales reach 554 mln yuan during May Day holiday

Chinese stocks closed higher on Wednesday, with the benchmark Shanghai Composite Index up 1.17 percent to 4,160.17 points.

The Shenzhen Component Index closed 2.33 percent higher at 15,459.62 points.

The combined turnover of the two indices totaled 3.23 trillion yuan (about 470.64 billion U.S. dollars), up from 2.74 trillion yuan on the latest trading day before the May Day holiday.

Most stocks rose, with storage chip, semiconductor and computing power leasing sectors leading the gains, while oil and gas, tourism, banking and liquor shares were among the biggest losers.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 2.75 percent to close at 3,778.16 points Wednesday.

The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 3.75 percent higher at 2,023.66 points on Wednesday.

Chinese shares close higher Wednesday

Chinese shares close higher Wednesday

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