港股异动 | 中国中免跌近6%，机构称海南封关利弊并存，细则仍待明确

智通财经2025-07-25

7月25日，中国中免盘中跌近6%，该股在上一交易日暴涨15%。海南免税细则有待公布，机构称封关运作对离岛免税业务影响呈两面性。消息面上，海南自由贸易港封关定于今年12月18日正式启动，免税商品种类将由现时1900种大幅增加至6600种，覆盖率由21%提升至74%。大摩发布研报称，预计中国中免作为海南概念股将受惠，但目前政策细节未明，关于免税牌照制度细节及如何防止代购套利等议题尚待公布，认为目前旅游...

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雪峰禹
2025-07-28
雪峰禹
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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n港股异动 | 中国中免跌近6%，机构称海南封关利弊并存，细则仍待明确\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-07-25 11:21 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.zhitongcaijing.com/content/detail/1321854.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>7月25日，中国中免盘中跌近6%，该股在上一交易日暴涨15%。海南免税细则有待公布，机构称封关运作对离岛免税业务影响呈两面性。消息面上，海南自由贸易港封关定于今年12月18日正式启动，免税商品种类将由现时1900种大幅增加至6600种，覆盖率由21%提升至74%。大摩发布研报称，预计中国中免作为海南概念股将受惠，但目前政策细节未明，关于免税牌照制度细节及如何防止代购套利等议题尚待公布，认为目前旅游...</p>\n\n<a href=\"https://www.zhitongcaijing.com/content/detail/1321854.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/958907898c7a4cb8613e7c1010fc81d9","relate_stocks":{"BK0187":"一线龙头","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","LU1997245094.SGD":"安联神州A股基金AT Acc SGD","BK0028":"国家队","BK0040":"海南旅游岛","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","BK4614":"Manus概念股","BK0132":"高送转概念","BK0012":"证金概念","01880":"中国中免","BK0188":"融资融券","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","BK0085":"在线旅游","BK0183":"MSCI概念","LU1969619763.USD":"EASTSPRING INV CHINA A SHARES GROWTH \"A\" (USD) ACC","LU1146622755.USD":"安本中国A股股票基金A Acc"},"source_url":"https://www.zhitongcaijing.com/content/detail/1321854.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"1179807662","content_text":"7月25日，中国中免盘中跌近6%，该股在上一交易日暴涨15%。海南免税细则有待公布，机构称封关运作对离岛免税业务影响呈两面性。消息面上，海南自由贸易港封关定于今年12月18日正式启动，免税商品种类将由现时1900种大幅增加至6600种，覆盖率由21%提升至74%。大摩发布研报称，预计中国中免作为海南概念股将受惠，但目前政策细节未明，关于免税牌照制度细节及如何防止代购套利等议题尚待公布，认为目前旅游零售需求复苏仍取决于宏观经济走势，下半年基数效应或有利。万联证券指出，海南全岛封关运作对离岛免税业务影响呈现两面性。一方面，随着海南自贸港开放力度的加大，旅游业、现代服务业、高新技术产业等各产业体系逐渐建设完善，海南自贸港的国际吸引力与影响力日渐提升，带来大量国内外客流量，为离岛免税提供新的客源；另一方面，由于“零关税”商品覆盖范围大幅提高，预计海南进口商品价格将整体有所下降，削弱免税品价格优势，免税零售商将面临更加激烈的市场竞争。","news_type":1,"symbols_score_info":{"01880":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, 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