The success of this IPO may influence international investment in Chinese enterprises.
Spending by outbound Chinese tourists would “fully recover to 100 percent of 2019 levels for full-year 2024”.
Hong Kong residents made 53.34 million trips "heading north" throughout the year, with over 40 million departing through the Shenzhen-Hong Kong port.
Expanding overseas flights is among the national civil aviation regulator's priorities.
A total of 700,000 aircraft landed or took off at Pudong airport and Hongqiao airport throughout 2023, up by 114% from 2022.
The surge reflected the deepening of consumer integration in the Greater Bay Area, as convenient customs clearance mechanisms have helped boost tourism.
Spring Airlines and other carriers are adding multiple weekly flights to and from various Chinese cities.
The first trial operation is expected to conclude next Monday, and the second trial will head to Japan and South Korea before its commercial operation begins.
