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China's duty-free champion looks to go abroad via HKEX

Bolstered by Hainan shopping boom, state-owned CTGDF seeks offshore M&A

HONG KONG -- China's policy of promoting its southern island province of Hainan as a destination for domestic shopping sprees has upended the traditional global order of duty-free retailers amid the COVID pandemic, thrusting the country's leading operator to the top.

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