二〇二六年“两新”政策优化实施（政策速递） 明确支持范围、补贴标准和工作要求

Core Viewpoint - The Chinese government has announced a significant policy initiative for 2026, allocating 62.5 billion yuan for a long-term special bond to support the replacement of old consumer goods and equipment upgrades, aiming to stimulate consumption and support various sectors, including elderly care and digital products [1][2]. Group 1: Policy Support and Funding - The National Development and Reform Commission (NDRC) and the Ministry of Finance have issued a notice regarding the implementation of a large-scale equipment update and consumer goods replacement policy for 2026, with an early allocation of 62.5 billion yuan in special bonds [1]. - The policy aims to meet consumer demand during peak seasons such as New Year's Day and the Spring Festival [1]. Group 2: Optimizations in Policy - The 2026 policy includes three main optimizations: expanding the support scope, adjusting subsidy standards, and improving implementation mechanisms [2][3]. - In the support scope, the policy now includes the installation of elevators in old residential areas and equipment updates in elderly care institutions, as well as updates for safety equipment and commercial facilities [2]. - The consumer goods replacement program will continue to support the scrapping and replacement of vehicles and household appliances, with an expanded subsidy for digital and smart products [2]. Group 3: Subsidy Standards and Implementation - The subsidy standards have been optimized, with differentiated subsidies based on the number of floors for elevator updates and prioritizing electric vehicles for old freight truck replacements [3]. - For consumer goods, the subsidy for household appliances will focus on energy-efficient products, with a cap of 1,500 yuan per item, while digital products will maintain previous subsidy standards [3]. - The implementation mechanism has been improved to lower investment thresholds for project applications, enhance support for small and medium-sized enterprises, and ensure a unified subsidy standard across the country [3].