On October 16, the Chief Executive of the Hong Kong Special Administrative Region, Lee Ka-chiu, announced during the publication of the 2024 Policy Address that the spirits tax rate will be adjusted from now on. Among them, for spirits with an import price of HK$200 or more, the tax rate for the portion above HK$200 was reduced from 100% to 10%, and the portion below HK$200 remained unchanged. As soon as the news came out, it quickly attracted the attention of the liquor market. There were also market voices that believed that this might lead to a reduction in the price of high-end liquor sold in Hong Kong. On October 17, there were media reports that after the Hong Kong Special Administrative Region Government lowered the tax on spirits, the price of Flying Moutai in the Fortune Kweichow Moutai specialty store in Hung Hom, Kowloon, Hong Kong will be reduced. Kweichow Moutai produced in 2024 will be reduced from HK$3,380 per bottle to HK$2,680 per bottle, a drop of 20.7%. In response, the reporter telephoned the Moutai specialty store in Hong Kong. The store staff said that they have not received any price reduction notices so far. Staff at the Kweichow Moutai store in Hong Kong said, “There is a possibility that the price will be reduced, but the exact extent is unclear.” In addition, the reporter also contacted Kweichow Moutai's other channel providers in Hong Kong by phone, and no further response has been received. According to public reports, currently, the 53-degree Flying Moutai liquor still sells for HK$3,380 per bottle in Hong Kong. Staff at the Wuliangye Hong Kong store said that the price of the eighth-generation Wuliangye was 2,250 HKD/bottle, while the price of the classic Wuliangye was 4,950 HKD/bottle. Currently, the store has not been notified of price adjustments.

On October 16, the Chief Executive of the Hong Kong Special Administrative Region, Lee Ka-chiu, announced during the publication of the 2024 Policy Address that the spirits tax rate will be adjusted from now on. Among them, for spirits with an import price of HK$200 or more, the tax rate for the portion above HK$200 was reduced from 100% to 10%, and the portion below HK$200 remained unchanged. As soon as the news came out, it quickly attracted the attention of the liquor market. There were also market voices that believed that this might lead to a reduction in the price of high-end liquor sold in Hong Kong. On October 17, there were media reports that after the Hong Kong Special Administrative Region Government lowered the tax on spirits, the price of Flying Moutai in the Fortune Kweichow Moutai specialty store in Hung Hom, Kowloon, Hong Kong will be reduced. Kweichow Moutai produced in 2024 will be reduced from HK$3,380 per bottle to HK$2,680 per bottle, a drop of 20.7%. In response, the reporter telephoned the Moutai specialty store in Hong Kong. The store staff said that they have not received any price reduction notices so far. Staff at the Kweichow Moutai store in Hong Kong said, “There is a possibility that the price will be reduced, but the exact extent is unclear.” In addition, the reporter also contacted Kweichow Moutai's other channel providers in Hong Kong by phone, and no further response has been received. According to public reports, currently, the 53-degree Flying Moutai liquor still sells for HK$3,380 per bottle in Hong Kong. Staff at the Wuliangye Hong Kong store said that the price of the eighth-generation Wuliangye was 2,250 HKD/bottle, while the price of the classic Wuliangye was 4,950 HKD/bottle. Currently, the store has not been notified of price adjustments.