On October 16, Li Jiachao, the Chief Executive of the Hong Kong Special Administrative Region of China, announced a reduction in the tax rate on spirits. The tax rate above 200 yuan was reduced from 100% to 10%, and the portion below 200 yuan remained unchanged. An insider from the Kweichow Moutai international channel provider told reporters that in theory they would consider lowering the price of Kweichow Moutai in Hong Kong because after the cost price falls, the actual cost is not much different from the mainland. Referring to the specific price reduction, he said that after the reduction, it is at most about the same as the mainland price, and it will not be adjusted to much lower than the mainland price.

On October 16, Li Jiachao, the Chief Executive of the Hong Kong Special Administrative Region of China, announced a reduction in the tax rate on spirits. The tax rate above 200 yuan was reduced from 100% to 10%, and the portion below 200 yuan remained unchanged. An insider from the Kweichow Moutai international channel provider told reporters that in theory they would consider lowering the price of Kweichow Moutai in Hong Kong because after the cost price falls, the actual cost is not much different from the mainland. Referring to the specific price reduction, he said that after the reduction, it is at most about the same as the mainland price, and it will not be adjusted to much lower than the mainland price.