CDFG

China Duty Free (Group) Co., Ltd. was officially established in 1984. It is a state-owned specialized company authorized by the State Council to conduct duty-free business nationwide. Under the 'Four Unifications' management policy (unified operation, unified procurement, unified retail pricing, and unified management regulations) granted by the state, it exercises unified management over the national duty-free industry.

After 30 years of rapid development, CDFG has established long-term cooperative relationships with over 300 global luxury brands, providing duty-free shopping services covering more than 20 major categories and thousands of products to inbound and outbound passengers, international seafarers, diplomatic personnel, and Hainan outlying island passengers. It has set up over 200 duty-free shops across 30 provinces, municipalities, and autonomous regions (including Hong Kong, Macao, and Taiwan), encompassing nine types: airports, onboard, border, passenger stations, railway stations, foreign vessel supply, diplomatic personnel, cruise ships, and downtown stores. It has developed into the duty-free operator with the most comprehensive range of duty-free shop types and the largest number of retail outlets in a single country worldwide.

To achieve leapfrog development, CDFG has adopted a diversification strategy leveraging its duty-free resource advantages. It was among the first batch of retailers authorized by the Beijing Organizing Committee for the Olympic Games as Olympic licensed product retailers. It independently created and operates self-owned brand stores such as Leliang and Qianbu Lang in multiple airports, offering high-end luxury goods and fine Chinese specialty products, and has successfully pioneered integrated duty-paid and duty-free commercial collections of top international brands. CDFG continues to break new ground in the tourism retail sector and has now entered the rapidly developing and promising high-speed railway tourism retail business, creating the 'CDFG High-Speed Railway Retail' brand.

In 2004, the State Council approved a strategic restructuring between CDFG and China International Travel Service Head Office, jointly establishing China National Travel Service Group Co., Ltd., becoming the only central enterprise under the State-owned Assets Supervision and Administration Commission of the State Council with tourism and duty-free as its main businesses. The establishment of the CITS Group has brought greater development opportunities and platforms for CDFG.

In line with the national strategy for state-owned enterprises to 'go global,' and drawing on international practices, CDFG is committed to open operations and expanding overseas business. CDFG has successively established branch companies in Hong Kong, Macao, and Taiwan, successfully opened Kinmen outlying island duty-free shops, launched foreign vessel supply operations, set up cruise duty-free shops, and established Cambodia CDF Company as a platform for overseas business expansion, leading the internationalization and diversification of CDFG's duty-free business.

In 2011, CDFG's Hainan outlying island duty-free business commenced successful operations, opening a new chapter in China's duty-free industry. CDFG's Sanya downtown duty-free store is the first outlying island duty-free store in China, attracting numerous domestic and international tourists with its first-class shopping environment, high-end luxury brands, and professional and efficient team, becoming a new calling card for Sanya tourism. The completion and opening of Haitang Bay Duty-Free Shopping Center, the world's largest duty-free commercial complex, marked another milestone in the history of China's duty-free development.

Looking ahead, CDFG will comprehensively integrate resources, continue to deepen institutional reforms, innovate operational mechanisms, and while leading China's duty-free industry to grow stronger and bigger, actively extend into related fields of its main business, aiming to build CDFG into a world-class duty-free operator!