The A-share duty-free shop sector was active at the beginning of the session, with Utour rising more than 6%, Caesar Travel rising more than 4%, Bailian Holdings and Nanning Department Store rising more than 3%, and Wangfujing and China Duty Free Group all opening higher. On the news front, the Ministry of Commerce and six other departments issued a notice on further optimizing the departure tax refund policy to expand inbound consumption, raising the cash tax refund limit to RMB 20,000.
