2026年“两新”政策扩围增效：车补按价、鼓励智能消费

Core Viewpoint - The 2026 "Two New" policy aims to proactively address economic challenges and promote high-quality development through early implementation and expanded support for equipment updates and consumer goods replacement programs [2][8]. Group 1: Policy Implementation - The National Development and Reform Commission and the Ministry of Finance have issued a notice detailing the support scope and subsidy standards for the 2026 "Two New" policy [2]. - The policy is designed to maintain continuity with the 2025 economic work conference's emphasis on optimizing the "Two New" policy implementation [2]. Group 2: Coverage Expansion - The 2026 policy expands its coverage to include updates for old community elevators, equipment for elderly care institutions, and commercial facilities such as shopping centers and supermarkets [3]. - New subsidies for smart products have been introduced, covering smart watches, smart glasses, and smart home products, including those designed for elderly users [3]. Group 3: Structural Adjustments - The subsidy standards have been optimized, with a focus on electric vehicles and higher-priced consumer goods [6]. - The adjustment in subsidies for automobiles from fixed amounts to a percentage of the vehicle price indicates a shift towards supporting higher-value purchases [6]. Group 4: Funding and Timing - The first batch of 625 billion yuan in special long-term bonds for 2026 has been allocated earlier than in 2025, indicating a focus on quickly realizing policy effects [6][7]. - The total funding for the 2026 "old for new" program is estimated to be around 250 billion yuan, which is expected to generate approximately 625 billion yuan in consumption growth [7]. Group 5: Long-term Strategy - The policy aims to balance short-term economic support with long-term transformation by leveraging market forces to upgrade demand and innovate supply [8].