Sanya Phoenix International Airport is misty and rainy in the rainy season，But it is difficult to hide the enthusiasm of the industry concept under Hainan’s new 188bet mobile login shopping policy。

July 10，Announcement from the three departments of Hainan，Provincial Department of Finance、The Department of Commerce, the Market Supervision Bureau and other departments are working in accordance with the Ministry of Finance's "Interim Measures for the Management of Duty-Free Shopping Stores for Tourists on Hainan Outlying Islands" and other relevant regulations，Use bidding and other market-based competition methods to select and determine the newly added duty-free shopping business entities in Hainan Islands。This also means that China Duty Free’s current monopoly on shopping 188bet mobile login in Hainan Islands will be loosened，The duty-free industry will also face competition among hundreds of rivals。

However，An observer in the 188bet mobile login told a reporter from China Times，Different from Beijing、Shanghai and other places have a large number of local high net worth people，Hainan’s new duty-free shopping policy is more aimed at attracting tourists to travel and spend money on the island，It remains to be seen whether it will shake the competitive landscape of the 188bet mobile login。

CDF’s dominant position is hard to shake

After the new tax-free shopping policy for tourists from Hainan outlying islands was implemented on July 1，All business entities with duty-free product distribution qualifications can equally participate in the duty-free business in Hainan outlying islands，This also means that the monopoly of the 188bet mobile login is expected to be broken first in Hainan。

According to the announcement issued by the relevant departments of Hainan on the 10th，Organize business entities to apply for establishing offshore island 188bet mobile login，Will be reported to the Ministry of Finance in accordance with regulations、General Administration of Customs、Approved according to procedures after review by the State Administration of Taxation and the Ministry of Commerce。Not approved by relevant national departments and Hainan Province，No company is allowed to publish relevant information about setting up duty-free shopping stores on outlying islands in Hainan to operate duty-free goods without authorization。

Long time，Domestic duty-free businesses are all monopoly franchise projects，Enterprises must obtain a license issued by the Ministry of Finance to be eligible to enter the market。And so far in China, there is only China Free of Charge、日上、sea free、中秋、Zhuwu、Deep Free、8 companies including Zhongdou Service and Wangfujing have licenses，Among them，The first four licenses belong to China Duty Free，This also makes China Duty Free, which owns all four outlying island 188bet mobile login in Hainan Island, a well-deserved leader in the industry。

2019，China Duty Free achieved revenue of 479.5.5 billion yuan，Net profit 46.2.9 billion yuan，Main business gross profit as high as 49.07%。China Duty Free is very profitable，The business model is not very simple。According to China Duty Free Financial Report，After China Duty Free Company purchases duty-free goods from suppliers，Wholesale various duty-free commodities to 188bet mobile login affiliated to China Duty Free System through distribution centers，The latter sells it to tourists entering or leaving Hainan Island。

As understood，There are currently Sanya Haitang Bay duty-free stores in Hainan、Haikou Meilan Airport Store、Four outlying island 188bet mobile login including Haikou city store and Qionghai Boao city store，All operated by China Duty Free Company。

New Era Securities Research Report believes，Although the policy released this time encourages moderate competition in the industry，But compared to deep free、Zhuhai Duty Free and others are small in scale and have no experience in offshore island duty free operation、Wangfujing has not yet launched actual business，188bet mobile login’s first-mover advantage、Location advantage、Advantages in scale effect and supply chain supply。

Although China Duty Free’s dominant position will not be shaken for the time being，But the intensity of competition it faces will also intensify than before。China Duty Free mentioned in its 2019 annual report: The competition for entry and exit duty free business has entered the marketization stage，The company faces the risk of the gradual liberalization of the national tax-free franchise policy；In addition，Industry competition is becoming increasingly fierce，Foreign 188bet mobile login giants also covet the domestic 188bet mobile login market。

Will the 188bet mobile login franchise be gradually liberalized

current，Among the only 8 tax-free licenses in China，One was obtained by Wangfujing in June this year，This is also the first license issued by the Ministry of Finance in the past 10 years。As understood，The domestic 188bet mobile login implements national franchising，Set extremely high entry conditions for the industry。

Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce Research Institute, told the reporter of China Times，The 188bet mobile login is essentially a monopolistic industry，There is a possibility of relaxation in the future，This is also an inevitable trend，But it will not "open the gate and release the water"。The government will still set a higher threshold for entry，This is also consistent with the situation of the foreign 188bet mobile login。

He also said，In the past, when consumers purchased goods at the airport or 188bet mobile login on outlying islands，The price is not significantly different from that in ordinary shopping malls。This is because there is still a phenomenon in the duty-free industry where one company dominates or even “big stores bully customers”。If there is no sufficient market competition，The profits (taxes) transferred by the government will be occupied by tax-free enterprises，And consumers did not benefit obviously。

"China Times" reporter learned，Policy aspect，Companies that do not have a duty-free license can invest in 188bet mobile login，As long as the duty-free shop is absolutely controlled by an enterprise with duty-free business qualifications (the shareholding ratio is greater than 50%)。The announcement of the newly implemented Hainan duty-free shopping policy also mentioned: Encourage moderate competition，All business entities with duty-free product distribution qualifications can equally participate in duty-free operations on Hainan outlying islands。

Liu Lewen, chief analyst of Shenwan Hongyuan Social Services, told the China Times reporter: "The current franchising implemented in the domestic 188bet mobile login is reasonable。The current 188bet mobile login is still a relatively special industry，The license issuance objects still need to be limited to a controllable range，Not all companies are qualified to apply,Refer to the overseas situation，Moderate openness and competition are still the better choices to promote the orderly development of the entire industry and the return of consumption。”

188bet mobile login in the city become a blue ocean

June 9，Old department store giant Wangfujing announced that it has obtained a duty-free retail license issued by the Ministry of Finance，Successfully entered the duty-free industry。However，Some observers believe，Different from China Duty Free and other 188bet mobile login that focus on entry and exit or outlying islands，Wangfujing, which has many years of experience in traditional shopping mall layout and operation, may focus on urban retail stores。

Data display，Currently there are only 13 188bet mobile login in the city，12 of the family members are from the service banner。However，The largest creampie service in the field of 188bet mobile login in the city，In tax-free income scale、The gross profit margin and other aspects are all the same as those of CDFG、There is a huge difference between the sun and its peers。Looking at South Korea，As of 2019，There are 26 188bet mobile login in South Korea，Total sales account for about 80% of the overall tax-free income。

Fu Yifu, director of the Consumer Finance Research Center of Suning Financial Research Institute, told a reporter from China Times，Compared with Japan and South Korea，The development gap between my country’s urban 188bet mobile login is still quite large；However，This also means that domestic city 188bet mobile login are still a blue ocean。Whether it is rental cost or passenger flow，188bet mobile login in the city have obvious advantages over airport or departure 188bet mobile login；Also，The city’s 188bet mobile login have more product display space、Longer shopping time，The consumption experience is also better。

According to media reports，Recently, Beijing’s 188bet mobile login in the city have unexpectedly become “popular”，The reason is that the shopping threshold for duty-free goods has been greatly relaxed in 188bet mobile login in the city。It is reported，Originally, consumers must have entry and exit records from mainland China within 180 days before they can make purchases，has been adjusted to passengers returning from August 1st last year to June 1st this year、Anyone with unused entry and exit records can shop in the store before December 31 this year。But at the same time，Shopping policies such as only 5,000 yuan of duty-free goods for one entry and exit record have not changed。

However，About the expansion of 188bet mobile login in the city，Bai Ming also told this reporter，Some brands are not willing to enter duty-free stores，Mainly because they don’t want to compete with counters in shopping malls in the same city，Worried about the impact it will have on duty-paid sales in the same region。

"China Times" sent a letter to 188bet mobile login and Wangfujing regarding the above incident，But no reply has been received as of press time。Reporters will continue to pay attention。

*Source of 188bet mobile login article: 188bet mobile login Times, author：Liang Ji、Huang Xingli, original title:《Make more money with 188bet mobile login retail？The gross profit of China Duty Free Shop is as high as 49%. Can the Hainan Duty Free Store’s entry monopoly be broken through bidding?》.