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Hong Kong retailers bank on duty-free quota hike but mainland visitors say prices still high

The Straits Times LogoThe Straits Times3d ago

Hong Kong retailers bank on duty-free quota hike but mainland visitors say prices still high - The Straits Times

Quick Summary:

Duty-free shopping quotas for Chinese tourists in Hong Kong were raised on July 1.

The new measure will be expanded to include Chinese visitors entering Hong Kong at all border control points from Aug 1.

This comes as Hong Kong residents increasingly flock to the mainland for shopping and entertainment, saying prices there are generally lower and the service is better, and the Asia financial hub struggles to recover after the Covid-19 pandemic.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-05 @ 12:30:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 663 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21487825

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About The Straits Times

The Straits Times Logo

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 17 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

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The story "Hong Kong retailers bank on duty-free quota hike but mainland visitors say prices still high" was covered 3 days ago by The Straits Times, a news publisher based in Singapore.

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The Straits Times is a fully independent (privately-owned) news outlet established in 1845 that covers mostly economy and business news.

The outlet is headquartered in Singapore and publishes an average of 17 news stories per day.

It's most recent story was published 1 hours ago.

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  • News ID: #21487825
  • URL: https://beamstart.com/news/hong-kong-retailers-bank-on-17201577685068

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