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CN Clarifies 2026 'Two New' Policy Support Scope, Issues 1st Batch of RMB62.5B Trade-in Fund in Advance
2025-12-31 07:28:13 To optimize the implementation of the 'Two New' policies, ensure a smooth and orderly policy transition and meet consumption demand during peak seasons such as New Year's Day and Lunar New Year (LNY), the National Development and Reform Commission (NDRC) and the Ministry of Finance (MOF) have issued the first batch of RMB62.5 billion ultra-long-term special national bonds to local governments in advance to support the trade-in funding plan for consumer goods for 2026, continuing the implementation of subsidies like vehicle scrapping and renewal, as well as home appliance trade-in, according to Chinese media. The implementation mechanism has also been optimized, including establishing uniform subsidy standards across China. The NDRC simultaneously released a notice on the large-scale equipment renewal and consumer goods trade-in policy for 2026, clarifying the support scope and subsidy standards for the 'Two New' policies in 2026. Specifically, equipment renewal will generally continue the support scope of 2025, and add elevator installations in old residential areas and equipment renewal for nursing homes in the livelihood sector. In the safety sector, additions include firefighting and rescue equipment, as well as inspection and testing equipment upgrades. In the consumer infrastructure sector, upgrades will be extended to offline consumption & commercial facilities such as commercial complex, shopping malls, department stores and large supermarkets. ~ AASTOCKS Financial News Website: www.aastocks.com | |