'Higher duty-free limit will boost HK retail'

Politicians and industry representatives on Friday welcomed Beijing's move to raise the duty-free shopping allowance for mainland tourists returning from Hong Kong and Macau. Mainland authorities announced that the limit will be increased from 5,000 to 12,000 yuan per person at several border crossings from July 1, and at all checkpoints from August 1. Starry Lee, Hong Kong's sole delegate to the country's top legislature, told reporters that the move will boost the city's retail sector. "We believe that with this initiative, tourists from the mainland can shop more freely and it can benefit our various industries, especially the retail industry," she said. Lee added that local authorities have to do their part to make the SAR a more attractive place for tourists. During the two sessions in Beijing in March, delegates to the National People's Congress and Chinese People's Political Consultative Conference (CPPCC) signed a petition asking for the duty-free allowance to be increased to 30,000 yuan. Henry Tang, a CPPCC Standing Committee member, said the increase announced is a "good beginning", even though it's lower than the amount proposed. "This arrangement is exclusive. This arrangement is fair to both parties, and this arrangement can be adjusted going forward. And at the same time, it will be a boost to our retail industry and to our tourism industry," he said. The Our Hong Kong Foundation also welcomed Beijing's move, adding that the SAR government can work with malls to promote Hong Kong as a "shopping paradise". The Tourism Board, meanwhile, said it will hand out 500,000 sets of offers worth more than HK$100 million to overnight visitors to Hong Kong starting from July 11, including sightseeing, transport, dining and consumption discounts.

'Higher duty-free limit will boost HK retail'

'Higher duty-free limit will boost HK retail'

'Higher duty-free limit will boost HK retail'

'Higher duty-free limit will boost HK retail'

'Higher duty-free limit will boost HK retail'