Sou Hu Cai Jing·2025-06-26 06:47Group 1 - The National Development and Reform Commission (NDRC) plans to issue the third batch of funds for the "old-for-new" consumption policy in July, with a total support of 300 billion yuan from special long-term bonds [1][3] - The first two batches of funds amounting to 162 billion yuan were distributed in January and April, with a focus on supporting regions that overspent last year [1][3] - The NDRC will coordinate with relevant parties to ensure a balanced and timely distribution of funds, with a monthly and weekly plan for the "national subsidy" to ensure the policy is implemented smoothly throughout the year [1][3] Group 2 - The "national subsidy" funds consist of three parts: central government long-term bond funds, local matching funds at a 9:1 ratio, and additional local funds based on implementation progress [3] - By May 31, 2025, the consumption of national subsidy funds is expected to reach 155-165 billion yuan, with an average monthly consumption exceeding 30 billion yuan [3] - The consumption in June is projected to rise to 50 billion yuan due to shopping events, bringing the total consumption from January to June to 210 billion yuan, which is 70% of the 300 billion yuan fund pool [3] Group 3 - During the 618 shopping festival, JD.com reported significant sales growth in mobile communication and home appliances, with increases of 88% and 161% year-on-year, respectively [4] - The adjustment of the national subsidy policy is shifting from universal subsidies to a more controlled distribution model, which aims to manage the pace of fund consumption more effectively [4][5] - The new funding distribution mechanism is expected to alleviate pressure on local governments and encourage companies to focus on market demand and product value rather than merely competing for subsidies [5]