Downtown DF shopping policy may be adjusted soon We expect downtown DF store policy also to be adjusted in November. ab 17 October 2025 Global Research First Read China Duty Free Sector Hainan optimised its offshore duty-free shopping policy Optimisation in Hainan offshore duty-free (DF) policy On 17 Oct, Hainan announced its adjustment for the offshore DF shopping policy (link), which we view as a response to the central government's policy direction of expanding domestic demand promoting consumption. The ...