Evening of June 9th，Wangfujing announced，The company received from the controlling shareholder on the same day，"Notice of the Ministry of Finance on Wangfujing Group Co., Ltd.'s Duty Free Goods Business Qualifications" forwarded by Beijing Beijing 188bet sports betting Group，Awarded Wangfujing duty-free goods business qualification，Companies are allowed to operate duty-free retail business。stimulated by this news，The company’s stock price has been trending strongly in recent days，The cumulative increase since the end of April has exceeded 140%。

It is reported，Currently my country has a total of 13140_13148、Rishang Duty 188bet sports betting Line (acquired by China Duty 188bet sports betting Co., Ltd.)、sea tax exemption (injected into China International Travel Service)、Zhuwu、Deep 188bet sports betting、Cream service、Seven Chinese companies have duty-188bet sports betting industry licenses。

China International Travel Service is currently the largest duty-188bet sports betting leader in China，Owns Sanya Duty 188bet sports betting Shop、Shanghai Airport、Beijing Airport、Guangzhou Airport Duty 188bet sports betting Shop and other core stores，Market share exceeds 80%。

May 7 this year，CITS announced that it plans to use 20.Acquisition of 51% equity of Hainan Duty Free Products Co., Ltd. held by China 188bet sports betting Group, the company’s controlling shareholder, at a price of 6.5 billion yuan。After the transaction is completed，Haifu Free Shipping Company will be included in the scope of China International Travel Service’s consolidated statements。

In addition，Gree Real Estate announced on May 11th，The company is planning to purchase 100% of the equity of the Duty 188bet sports betting Group held by all shareholders of Zhuhai Duty 188bet sports betting Enterprise Group Co., Ltd. by issuing shares and paying cash，At the same time，Non-public issuance of shares to raise supporting funds。There is an analysis saying，The actual controllers of Zhuhai Duty 188bet sports betting and Gree Real Estate are both Zhuhai State-owned Assets Supervision and Administration Commission，If the asset reorganization is successful，Zhuhai Duty 188bet sports betting will become the second listed duty 188bet sports betting enterprise in China。Affected by this，Gree Real Estate pulled up 8 daily limits in eight trading days from May 25 to June 3。

Tianfeng Securities pointed out，China’s duty-free market is a typical oligopoly structure，With a series of acquisitions by China Duty Free in China，It has obvious business license and store number advantages in the country。Current tax-free operating company，China Duty Free and China Shipping Services are the only state-owned companies authorized by the State Council to operate duty-free business nationwide，With 2016 and 2019，Ministry of Finance、Ministry of Commerce、General Administration of Customs、State Administration of Taxation、Documents jointly released by the National 188bet sports betting Administration，Other domestic duty-free operators have begun to relax geographical and category restrictions on operating duty-free shops。In the context of the country’s strategy of encouraging the return of overseas consumption，my country’s offshore island tax-free and urban tax-free policies are expected to continue to be liberalized，More tax-free business entities will also participate in the competition in the tax-free industry。

The agency believes，Under the background that the national tax exemption policy is expected to be liberalized，Number of people entering and leaving the country、These two conditions of local SASAC holdings are used as filtering conditions，Beijing、Shanghai、Chongqing、Wuhan、Hangzhou、State-owned commercial systems in cities such as Guangzhou are expected to participate in tax-free operations under the background of the opening of 188bet sports betting，Wangfujing、Chongqing Department Store、Ewu Shang A、Guangbai Shares、Bailian Shares、Small Commodity City、Listed companies such as Hangzhou Jiebai and Ginza Co., Ltd. are expected to benefit。

*Source of this article: CertificateCoupon TimesNet,OriginalTitle:《Explosion 188bet sports betting，The tax exemption policy is expected to be relaxed，Retail companies under the SASAC in core cities may benefit》.