Chinese Shoppers Allowed a $2,000 Duty Free Spending Spree

00:00

00:00/00:00

Listen to this article 1x

The measure is expected to bring Hong Kong as much as HK$17.6 billion ($2.25 billion) in spending each year

(Bloomberg) — Chinese visitors will be allowed up to 15,000 yuan ($2,064) of duty-free shopping in Hong Kong and Macao starting next week, around twice the current limit, as authorities try to help the cities still struggling to fully recover from Covid’s fallout.

The cap will be raised to 12,000 yuan from a current 5,000 yuan, while an existing tax waiver on 3,000 yuan-worth of shopping at duty-free stores at the borders will remain, according to statements on Friday by Hong Kong, Macao and China’s Ministry of Finance.