In Hainan, the company enjoys a near monopoly of the offshore duty-free retail market. Photo: Xinhua
In Hainan, the company enjoys a near monopoly of the offshore duty-free retail market. Photo: Xinhua

China Tourism Group Duty Free, biggest IPO of 2022, makes lacklustre debut in Hong Kong

  • China Tourism Group Duty Free closed flat at HK$158.00 on its debut on Thursday
  • The closely watched debutant only had half a day trading after tropical storm Ma-on delayed the start

In Hainan, the company enjoys a near monopoly of the offshore duty-free retail market. Photo: Xinhua
In Hainan, the company enjoys a near monopoly of the offshore duty-free retail market. Photo: Xinhua
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