新一批“国补”资金625亿已到位

Group 1: Policy Overview - The 2026 "National Subsidy" policy has been officially announced, detailing specific subsidy standards for various consumer products [2] - The policy extends subsidies not only to automobiles and home appliances but also to digital and smart products, including smartphones, tablets, smartwatches, smart glasses, and smart home products [2][5] - A total of 625 billion yuan in special long-term bonds has been allocated to support the consumption upgrade program, aimed at boosting consumer demand during peak seasons like New Year and Spring Festival [2][6] Group 2: Automotive Sector - The new policy continues to provide subsidies for automobiles, with greater incentives for purchasing new energy vehicles compared to traditional fuel vehicles [3] - Consumers can receive a subsidy of up to 20,000 yuan when trading in old vehicles for new energy cars, with the subsidy amount being 12% of the vehicle price [3] - The policy aims to stimulate demand for mid-to-high-end vehicle replacements, with expectations of a 5% growth in new energy vehicle sales in the first quarter of 2026 [3] Group 3: Home Appliances - The home appliance subsidy program has been adjusted to focus on products with a 1st-level energy efficiency or water efficiency rating, excluding 2nd-level products [4] - The policy emphasizes green consumption and aims to promote the upgrade of product structures towards smart and high-end appliances [4] - Certain categories, such as household stoves and range hoods, have been removed from the subsidy list [4] Group 4: Digital and Smart Products - The subsidy standards for digital and smart products remain unchanged, but the scope has been expanded to include smart glasses for the first time [5] - The policy encourages the purchase of energy-efficient and technologically advanced products, aligning with industry trends towards green and smart technology [5][6]