Release the favorable policies in many places, the daily limit of concept stocks, duty -free shops in the city are approaching?

On September 8th, the concept stock of tax exemption and retail industry moved. As of the closing, the China Bai Group (SZ000759, the stock price of 5.58 yuan, a market value of 3.8 billion yuan), Maoye Commercial (SH600828, stock price 3.95 yuan, market value of 6.841 billion yuan), Haiqi) Haiqi) Group (SH603069, the stock price of 27.61 yuan, a market value of 8.725 billion yuan) daily limit; friendly group (SH600778, stock price of 8.25 yuan, market value of 2.570 billion yuan), Red Flag chain (SZ002697, 5.14 yuan, market value of 6.990 billion yuan) exceeded 5%. Essence

On the news, on September 7, the Sichuan Provincial Department of Commerce issued the "Opinions on Accelerating the cultivation of the" Sichuan Consumption "brand to promote the construction of international consumer destinations (draft for comments)" Pilot cities in duty -free shops in the city. At the same time, since this year, Hunan Province, Guangzhou and other places have also released good news related to duty -free shops in the city. In the future, a new batch of stores enter the countdown will have a positive role in promoting consumption return and driving domestic demand.

However, in the view of Lai Yang, the chief expert of the research base of Beijing International Trade Center, companies want to divide the cake of duty -free shops in the city, and they need to face many challenges.

Photo source: Photo Network-501430575

Chengdu plans to create a pilot city. Why is it favored by duty -free stores in the city?

Specifically, the "Draft for Soliciting Opinions" proposes to innovate the international consumption system, such as accelerating the development of tax -free economy, expanding tax refund and tax -free business, supporting Chengdu's pilot cities in the city's duty -free shops, and establishing a number of duty -free shops in the city. , Port duty -free shops, departure pick -up points, and pointed out that it is necessary to improve the convenience of entry consumption and create an inland open portal hub.

In fact, it is not just Sichuan. Since this year, there have been many favorable signals for duty -free shops in the market. Guangzhou proposed that it will actively strive for the establishment of duty -free shops in the city, coordinate and coordinate with the city's duty -free shops in the airport isolation area; Hunan also proposes to vigorously introduce the new retail brand headquarters and regional headquarters at home and abroad, and strive to be self -made The Trade Pilot Zone has set up duty -free shops in the city.

From the national level, in April of this year, the Opinions of the General Office of the State Council's "General Office of the State Council on further release of consumption potential to promote continuous recovery of consumption" proposed that it improved the duty -free shop policy in the city, planned and constructed a group of duty -free shops with Chinese characteristics. Essence The opinion may further inspire the enthusiasm of the construction of duty -free shops in various places.

Why do duty -free shops in the city become the "new favorite" in the current economic situation and what are the benefits of developing duty -free shops in the city?

"Unlike everyone's well -known duty -free shops, duty -free shops in the city are more like a supplement to tax -free shopping. Facing Chinese people with outbound records and immigration tourists." Zhou Mingqi, founder of Jingjian think tank, accepted "Daily Daily Daily on WeChat on September 8th on WeChat on September 8th. Economic News reported in an interview.

In Lai Yang's view, the epidemic situation is gradually stabilizing, and it is of great significance to lead more consumption to China.

As for how big the consumption return can be? According to the previous analysis and prediction of China Merchants Securities, from the perspective of South Korea's experience, the unit price of tax -free shops in the city is much higher than that of airport stores, and South Korea's tax -free internal purchase ratio exceeds 50%. After the domestic duty -free shop policy in the future, overseas consumption return will provide 100 billion -level market space.

Photo by Yang Hui, a picture of duty -free shops in China in China

The good monetization is still far away from the entrance enterprise still needs to "break through the level"

According to public information, there are currently two types of duty -free shops in my country. Among them, there are Chinese people who return to the city with duty -free stores in the city -free city -free store. Consumers have a tax -free amount of 5,000 yuan and can buy pickups on the spot. Duty -free shops in the city are for leaving tourists. There is no limit to limit, but it needs to be picked up in the airport bonded area.

It is precisely because of the corresponding shopping conditions that the lives of duty -free shops in the market are not better. "Overseas customers are very limited, and the duty -free shops in the municipalities are also limited under factors such as consumption quota and entry and exit time. After all, even if the epidemic is extended for 180 days, the entry and exit records are used once and one less time. "Zhou Mingqi said.

Even aside the influencing factor of the epidemic, companies need to overcome multiple challenges to be divided into this cake under the favorable trend. After the market was hot in the market in 2020, more than 10 A -share listed companies revealed that they are applying for duty -free business qualifications.

Taking this high -rise company as an example, China -Bai Group submitted a request to the relevant government departments in July 2020 on supporting the company's application for duty -free business qualifications. Maoye Commercial also stated on the interactive platform in 2020 that all stores in the company in Shenzhen and people in Chengdu and Guanghua Stores in Chengdu are tax refund shops. possibility.

Two years have passed, and the new faces in the tax exemption industry can be counted by one hand.

On the afternoon of September 8th, the reporter of "Daily Economic News" learned from the CITIC Department of China Bai Group through the phone that the company's duty -free business qualifications have not yet been updated. The remaining companies have also been questioned by investors many times, and no "good news" was reported. On the afternoon of September 8th, some insiders told the reporter of the Daily Economic News that from the perspective of the market, except for the Wangfujing family, the previous batch of companies in the "application of the card" failed to get the tax exemption qualification "Entry voucher".

At present, the enterprises that have obtained duty -free licenses and their licenses they hold.

In addition, according to Lai Yang, the management of duty -free business is relatively complicated. Even if the number of licenses obtain licenses will increase in the future, which type of duty -free type can be opened, where can there be a license to open duty -free shops in the city or the city in the city. ... are all uncertain factor.

"Therefore, it is impossible to let go of it all at once. It is unlikely. It is good to drive the stock price, and there is a big gap between the company that can truly open stores and enhance the profitability. It depends on the company's operating ability, the price of goods, and the competitiveness of the product. "Lai Yang said," there are still great challenges and difficulties. "

According to Zhou Mingqi, there are currently three main players in the duty -free shops in the city: China -free China -free China -free China -free Chinese travel group in Harbin, which obtains all licenses, and has the most duty -free store license in the city. In his opinion, when international brands are considering partners, they do not use licenses as their main reference elements, and they will look at the scale and sales of enterprises. The popular categories reflect the channel capabilities, and there is an advantage in this point. In addition, after Hainan's outlying islands' tax -free development, the permissions that can be bought by 100,000 yuan per person per year, the permissions that can be bought out of the outlying islands are still very competitive compared with the duty -free shops in the city.

Daily Economic News

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