The Zhitong Finance App learned that recently, Wang Guolong, CEO of Lingzhan (00823), said that the public tends to buy home appliances and electronic products after the first issue of vouchers was issued. Since the launch of the second voucher, the catering business has recovered 80% to 90% compared to the time of the epidemic. The usage of parking lots is also higher than before the epidemic, but consumption of clothing and jewelry has recovered slowly. Overall consumption performance falls short of industry expectations. It is expected that many large-scale retail activities in the second half of the year will attract travelers to Hong Kong. Recovery to pre-pandemic levels.

Wang Guolong said that there are many community shopping malls owned by Lingzhan, and the economic environment has little impact on the retail performance of shopping malls. Driven by the Hong Kong government vouchers, the shopping malls are doing well. As for shopping malls located in Shenzhen, after customs clearance, about 30% of their purchases came from Hong Kong locals, and the flow of people also increased.