diff --git a/apps/shop-admin/app.vue b/apps/shop-admin/app.vue
index b61555a..fe61e2c 100644
--- a/apps/shop-admin/app.vue
+++ b/apps/shop-admin/app.vue
@@ -25,6 +25,7 @@ watchEffect(() => {
       <NuxtLink to="/orders">{{ $t("nav.orders") }}</NuxtLink>
       <NuxtLink to="/shipments">{{ $t("nav.shipments") }}</NuxtLink>
       <NuxtLink to="/invoices">{{ $t("nav.invoices") }}</NuxtLink>
+      <NuxtLink to="/coupons">{{ $t("nav.coupons") }}</NuxtLink>
     </aside>
     <main>
       <div class="main-head">
diff --git a/apps/shop-admin/locales-extra.ts b/apps/shop-admin/locales-extra.ts
index 0d9f7aa..d3f6b50 100644
--- a/apps/shop-admin/locales-extra.ts
+++ b/apps/shop-admin/locales-extra.ts
@@ -4,6 +4,9 @@ export const enExtra = {
   auth: {
     shopRoleError: "This account is not authorized for the merchant console.",
   },
+  nav: {
+    coupons: "Coupons",
+  },
   shop: {
     dashboardTitle: "Merchant dashboard",
     profile: "Shop profile",
@@ -59,6 +62,29 @@ export const enExtra = {
     issueInvoice: "Issue invoice",
     taxNo: "Tax number",
     kind: "Type",
+    couponList: "Coupons",
+    newCoupon: "New coupon",
+    editCoupon: "Edit coupon",
+    couponTitleEn: "Title (English)",
+    couponTitleZh: "Title (中文)",
+    couponAmount: "Discount (minor units)",
+    couponThreshold: "Minimum spend (minor units)",
+    couponCurrency: "Currency",
+    couponStock: "Claim stock",
+    couponEnabled: "Enabled",
+    couponStartsAt: "Starts at",
+    couponEndsAt: "Ends at",
+    createCoupon: "Create coupon",
+    updateCoupon: "Update coupon",
+    couponSaved: "Coupon saved.",
+    couponDeleted: "Coupon deleted.",
+    couponTitleRequired: "Both language titles are required.",
+    couponAmountInvalid: "Discount must be a positive integer.",
+    couponThresholdInvalid: "Minimum spend cannot be negative.",
+    couponStockInvalid: "Claim stock cannot be negative.",
+    couponWindowInvalid: "End must not precede start.",
+    enabledOn: "Enabled",
+    enabledOff: "Disabled",
   },
 } as Record<string, unknown>;
 
@@ -66,6 +92,9 @@ export const zhExtra = {
   auth: {
     shopRoleError: "此账号无权访问商家控制台。",
   },
+  nav: {
+    coupons: "优惠券",
+  },
   shop: {
     dashboardTitle: "商家仪表盘",
     profile: "店铺信息",
@@ -121,5 +150,28 @@ export const zhExtra = {
     issueInvoice: "开具发票",
     taxNo: "税号",
     kind: "类型",
+    couponList: "优惠券",
+    newCoupon: "新建优惠券",
+    editCoupon: "编辑优惠券",
+    couponTitleEn: "标题（英文）",
+    couponTitleZh: "标题（中文）",
+    couponAmount: "优惠金额（最小单位）",
+    couponThreshold: "使用门槛（最小单位）",
+    couponCurrency: "币种",
+    couponStock: "可领取库存",
+    couponEnabled: "启用",
+    couponStartsAt: "开始时间",
+    couponEndsAt: "结束时间",
+    createCoupon: "创建优惠券",
+    updateCoupon: "更新优惠券",
+    couponSaved: "优惠券已保存。",
+    couponDeleted: "优惠券已删除。",
+    couponTitleRequired: "中英文标题均为必填项。",
+    couponAmountInvalid: "优惠金额必须为正整数。",
+    couponThresholdInvalid: "使用门槛不能为负数。",
+    couponStockInvalid: "可领取库存不能为负数。",
+    couponWindowInvalid: "结束时间不能早于开始时间。",
+    enabledOn: "已启用",
+    enabledOff: "已停用",
   },
 } as Record<string, unknown>;
diff --git a/apps/shop-admin/pages/coupons.vue b/apps/shop-admin/pages/coupons.vue
new file mode 100644
index 0000000..ccd0147
--- /dev/null
+++ b/apps/shop-admin/pages/coupons.vue
@@ -0,0 +1,316 @@
+<script setup lang="ts">
+import type { CouponTemplate, CouponTemplateInput, Currency } from "@vmall/shared";
+
+definePageMeta({ middleware: "auth" });
+
+const { $api } = useNuxtApp();
+const { locale, t: translate } = useI18n();
+const { load: loadMoney, fmt } = useMoney();
+
+const templates = ref<CouponTemplate[]>([]);
+const currencies = ref<Currency[]>([]);
+const loading = ref(true);
+const saving = ref(false);
+const actionId = ref("");
+const error = ref("");
+const message = ref("");
+const editingId = ref("");
+
+const form = reactive({
+  titleEn: "",
+  titleZh: "",
+  amountMinor: 0,
+  thresholdMinor: 0,
+  currency: "USD",
+  stock: 0,
+  enabled: true,
+  startsAt: "",
+  endsAt: "",
+});
+
+function toLocalInput(iso: string): string {
+  const d = new Date(iso);
+  const pad = (n: number) => String(n).padStart(2, "0");
+  return `${d.getFullYear()}-${pad(d.getMonth() + 1)}-${pad(d.getDate())}T${pad(d.getHours())}:${pad(d.getMinutes())}`;
+}
+
+function resetForm(): void {
+  const now = new Date();
+  const later = new Date(now.getTime() + 30 * 24 * 3600 * 1000);
+  editingId.value = "";
+  form.titleEn = "";
+  form.titleZh = "";
+  form.amountMinor = 0;
+  form.thresholdMinor = 0;
+  form.currency =
+    currencies.value.find((c) => c.is_base)?.code ?? currencies.value[0]?.code ?? "USD";
+  form.stock = 0;
+  form.enabled = true;
+  form.startsAt = toLocalInput(now.toISOString());
+  form.endsAt = toLocalInput(later.toISOString());
+}
+
+async function loadTemplates(): Promise<void> {
+  loading.value = true;
+  error.value = "";
+  try {
+    templates.value = await $api.shop.listCouponTemplates();
+  } catch (err: unknown) {
+    error.value = err instanceof Error ? err.message : translate("common.error");
+  } finally {
+    loading.value = false;
+  }
+}
+
+async function loadCurrencies(): Promise<void> {
+  try {
+    currencies.value = (await $api.listCurrencies()).filter((c) => c.enabled);
+  } catch {
+    currencies.value = [];
+  }
+}
+
+function payload(): CouponTemplateInput {
+  return {
+    title: { en: form.titleEn.trim(), zh: form.titleZh.trim() },
+    amount_minor: Number(form.amountMinor),
+    threshold_minor: Number(form.thresholdMinor),
+    currency: form.currency,
+    stock: Number(form.stock),
+    enabled: form.enabled,
+    starts_at: new Date(form.startsAt).toISOString(),
+    ends_at: new Date(form.endsAt).toISOString(),
+  };
+}
+
+async function submit(): Promise<void> {
+  error.value = "";
+  message.value = "";
+  const body = payload();
+  if (!body.title.en || !body.title.zh) {
+    error.value = translate("shop.couponTitleRequired");
+    return;
+  }
+  if (!(body.amount_minor > 0)) {
+    error.value = translate("shop.couponAmountInvalid");
+    return;
+  }
+  if (body.threshold_minor < 0) {
+    error.value = translate("shop.couponThresholdInvalid");
+    return;
+  }
+  if (body.stock < 0) {
+    error.value = translate("shop.couponStockInvalid");
+    return;
+  }
+  if (new Date(body.ends_at) < new Date(body.starts_at)) {
+    error.value = translate("shop.couponWindowInvalid");
+    return;
+  }
+  saving.value = true;
+  try {
+    if (editingId.value) await $api.shop.updateCouponTemplate(editingId.value, body);
+    else await $api.shop.createCouponTemplate(body);
+    message.value = translate("shop.couponSaved");
+    resetForm();
+    await loadTemplates();
+  } catch (err: unknown) {
+    error.value = err instanceof Error ? err.message : translate("common.error");
+  } finally {
+    saving.value = false;
+  }
+}
+
+function edit(template: CouponTemplate): void {
+  editingId.value = template.id;
+  form.titleEn = template.title.en ?? "";
+  form.titleZh = template.title.zh ?? "";
+  form.amountMinor = template.amount_minor;
+  form.thresholdMinor = template.threshold_minor;
+  form.currency = template.currency;
+  form.stock = template.stock;
+  form.enabled = template.enabled;
+  form.startsAt = toLocalInput(template.starts_at);
+  form.endsAt = toLocalInput(template.ends_at);
+}
+
+async function toggleEnabled(template: CouponTemplate): Promise<void> {
+  actionId.value = template.id;
+  error.value = "";
+  try {
+    await $api.shop.updateCouponTemplate(template.id, {
+      title: template.title,
+      amount_minor: template.amount_minor,
+      threshold_minor: template.threshold_minor,
+      currency: template.currency,
+      stock: template.stock,
+      enabled: !template.enabled,
+      starts_at: template.starts_at,
+      ends_at: template.ends_at,
+    });
+    await loadTemplates();
+  } catch (err: unknown) {
+    error.value = err instanceof Error ? err.message : translate("common.error");
+  } finally {
+    actionId.value = "";
+  }
+}
+
+async function remove(template: CouponTemplate): Promise<void> {
+  actionId.value = template.id;
+  error.value = "";
+  message.value = "";
+  try {
+    await $api.shop.deleteCouponTemplate(template.id);
+    message.value = translate("shop.couponDeleted");
+    await loadTemplates();
+  } catch (err: unknown) {
+    error.value = err instanceof Error ? err.message : translate("common.error");
+  } finally {
+    actionId.value = "";
+  }
+}
+
+onMounted(async () => {
+  loadMoney();
+  await loadCurrencies();
+  resetForm();
+  await loadTemplates();
+});
+</script>
+
+<template>
+  <div class="page">
+    <h1 class="page-title">{{ $t("shop.couponList") }}</h1>
+    <div v-if="error" class="error-text" role="alert">{{ error }}</div>
+    <div v-if="message" class="muted" role="status">{{ message }}</div>
+
+    <section class="card">
+      <h2>{{ editingId ? $t("shop.editCoupon") : $t("shop.newCoupon") }}</h2>
+      <div class="form-grid">
+        <label>
+          <span>{{ $t("shop.couponTitleEn") }}</span>
+          <input v-model="form.titleEn" class="input" type="text" />
+        </label>
+        <label>
+          <span>{{ $t("shop.couponTitleZh") }}</span>
+          <input v-model="form.titleZh" class="input" type="text" />
+        </label>
+        <label>
+          <span>{{ $t("shop.couponAmount") }}</span>
+          <input v-model.number="form.amountMinor" class="input" type="number" min="1" step="1" />
+        </label>
+        <label>
+          <span>{{ $t("shop.couponThreshold") }}</span>
+          <input v-model.number="form.thresholdMinor" class="input" type="number" min="0" step="1" />
+        </label>
+        <label>
+          <span>{{ $t("shop.couponCurrency") }}</span>
+          <select v-model="form.currency" class="input">
+            <option v-for="c in currencies" :key="c.code" :value="c.code">{{ c.code }}</option>
+          </select>
+        </label>
+        <label>
+          <span>{{ $t("shop.couponStock") }}</span>
+          <input v-model.number="form.stock" class="input" type="number" min="0" step="1" />
+        </label>
+        <label>
+          <span>{{ $t("shop.couponStartsAt") }}</span>
+          <input v-model="form.startsAt" class="input" type="datetime-local" />
+        </label>
+        <label>
+          <span>{{ $t("shop.couponEndsAt") }}</span>
+          <input v-model="form.endsAt" class="input" type="datetime-local" />
+        </label>
+        <label class="checkbox">
+          <input v-model="form.enabled" type="checkbox" />
+          <span>{{ $t("shop.couponEnabled") }}</span>
+        </label>
+      </div>
+      <div class="form-actions">
+        <button class="btn primary" :disabled="saving" @click="submit">
+          {{ editingId ? $t("shop.updateCoupon") : $t("shop.createCoupon") }}
+        </button>
+        <button v-if="editingId" class="btn" type="button" @click="resetForm">
+          {{ $t("common.cancel") }}
+        </button>
+      </div>
+    </section>
+
+    <p v-if="loading" class="muted">{{ $t("common.loading") }}</p>
+    <div v-else-if="!templates.length" class="card muted">{{ $t("common.empty") }}</div>
+    <div v-else class="table-wrap">
+      <table class="table">
+        <thead>
+          <tr>
+            <th>{{ $t("shop.couponTitleEn") }}</th>
+            <th>{{ $t("shop.couponAmount") }}</th>
+            <th>{{ $t("shop.couponThreshold") }}</th>
+            <th>{{ $t("shop.couponStock") }}</th>
+            <th>{{ $t("shop.couponStartsAt") }}</th>
+            <th>{{ $t("shop.couponEndsAt") }}</th>
+            <th>{{ $t("common.status") }}</th>
+            <th>{{ $t("common.actions") }}</th>
+          </tr>
+        </thead>
+        <tbody>
+          <tr v-for="template in templates" :key="template.id">
+            <td>{{ template.title[locale] ?? template.title.en }}</td>
+            <td>{{ fmt(template.amount_minor, template.currency) }}</td>
+            <td>{{ fmt(template.threshold_minor, template.currency) }}</td>
+            <td>{{ template.stock }}</td>
+            <td>{{ template.starts_at.slice(0, 10) }}</td>
+            <td>{{ template.ends_at.slice(0, 10) }}</td>
+            <td>
+              <span class="badge" :class="template.enabled ? 'green' : 'red'">
+                {{ template.enabled ? $t("shop.enabledOn") : $t("shop.enabledOff") }}
+              </span>
+            </td>
+            <td class="actions">
+              <button class="btn sm" :disabled="actionId === template.id" @click="edit(template)">
+                {{ $t("shop.edit") }}
+              </button>
+              <button class="btn sm" :disabled="actionId === template.id" @click="toggleEnabled(template)">
+                {{ template.enabled ? $t("shop.enabledOff") : $t("shop.enabledOn") }}
+              </button>
+              <button class="btn sm" :disabled="actionId === template.id" @click="remove(template)">
+                {{ $t("common.delete") }}
+              </button>
+            </td>
+          </tr>
+        </tbody>
+      </table>
+    </div>
+  </div>
+</template>
+
+<style scoped>
+.form-grid {
+  display: grid;
+  grid-template-columns: repeat(auto-fit, minmax(220px, 1fr));
+  gap: 12px;
+  margin: 12px 0;
+}
+.form-grid label {
+  display: flex;
+  flex-direction: column;
+  gap: 4px;
+  font-size: 13px;
+}
+.form-grid .checkbox {
+  flex-direction: row;
+  align-items: center;
+  gap: 8px;
+}
+.form-actions {
+  display: flex;
+  gap: 8px;
+}
+.table-wrap {
+  overflow-x: auto;
+}
+.actions {
+  display: flex;
+  gap: 6px;
+}
+</style>