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NDRC: Third Batch of Ultra-Long Special Treasury Bonds in 3Q26 to Support Trade-In Program Disbursed
2026-06-26 17:39:02 The National Development and Reform Commission (NDRC) announced that the third batch of RMB62.5 billion in ultra-long special treasury bonds this year to support the consumer goods trade-in program has recently been disbursed. As of June 20, 2026, sales generated from the consumer goods trade-in program exceeded RMB1 trillion, benefiting 136 million person-times. The leverage ratio of subsidy funds increased from 1:7.8 in 2025 to 1:10.3. Driven by the trade-in policy, the potential for green and smart consumption has accelerated. In the first five months of this year, retail sales of mid-to-high energy efficiency household appliances among enterprises above designated size rose by more than 30%. The retail penetration rate of new energy vehicles exceeded 60% for two consecutive months. Retail sales of smart glasses and other wearable smart devices newly included in the subsidy scope this year increased by more than double YoY. (da/a)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |