Rise in Chinese visitors’ duty-free allowance expected to add at least HK$2.7 billion to Hong Kong economy
An increase to the duty-free allowance for people entering mainland China from Hong Kong is expected to generate at least HK$2.7 billion for the city’s economy, the government has said. “I am very grateful for the care of the central government and the introduction of various measures to promote Hong Kong’s economy,” the city’s leader John Lee said in a statement released on Friday morning, saying the higher duty-free limit showed Beijing’s support for Hong Kong. “The new measure will enhance the shopping experience for mainland resident visitors in Hong Kong and allow them greater flexibility...