Cathay Pacific Haitong released a research report saying that at present, duty-free shopping in China is still in the early stages of expanding stores, cultivating consumption habits, and continuing promotion of shopping facilitation. The current policy has completed the first round of key optimization in terms of sales targets, shopping quotas, and online reservations. There is still room for further deepening in the shopping process, delivery efficiency, category, and online and offline connections, and it is expected that policy dividends will continue to be released. With the continuous improvement of brand and category supply and continuous optimization of fulfillment links, the shopping penetration rate is expected to rise steadily from a low level and transform into impressive new sales, further amplifying the collaborative value of leading companies in terms of brands, supply chains, membership systems, and port networks.

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