转自：新华社 新华财经北京2月2日电（记者王聿昊、谢希瑶、李晓婷）2026年，汽车、家电、数码和智能产品等消费 品以旧换新政策持续加力实施。"新国补"落地首月，消费者更新需求加快释放，与产业转型良性互动， 推动消费市场扩容"焕新"。 "领券、以旧换新、核销购买一站式完成，还支持分期支付，全程也就10多分钟。"李思思说。 "新国补"落地首月，智能眼镜品类获得更多青睐。重庆京东MALL杨家坪店店长代磊介绍，今年1月 份，重庆京东MALL客流量同比增长50%，销售额同比增长40%。"今年'新国补'首次将智能眼镜纳入补 贴范围，吸引了不少消费者前来体验选购，带动相关品类销售增长。"代磊说。 京东数据显示，今年1月1日以来，中高端手机、智能眼镜等数码产品销售火热，智能眼镜销售额较去年 同期翻倍。 家电领域同样热度不减。记者在采访中发现，"新国补"引领消费新风尚，绿色、智能、健康成为家电消 费新趋势。 "看好了一辆17万元的车，厂家补贴了1万块钱，自己的旧车也符合报废标准，以旧换新又帮我省了近2 万块钱，相当于14万多元就拿下了新车。"在河南漯河的一家汽车销售4S店里，开了多年燃油车的消费 者于女士，在详细了解"新国补" ...

Core Insights - The "Le Gou New Spring" initiative aims to boost consumer spending during the Spring Festival by promoting trade-in subsidies and enhancing offline retail support [1][2] - The event will take place from February 15 to 23, 2026, covering six areas: food, accommodation, transportation, tourism, shopping, and entertainment [1] Group 1: Policy and Support Measures - The initiative encourages local governments to increase the number of trade-in subsidies for consumer goods during the Spring Festival [1] - It emphasizes the importance of offline retail support and mobilizes enterprises to conduct exhibitions and sales for automobiles, home appliances, digital, and smart products [1][2] - The "New Spring Home" promotion will involve collaboration among home furnishing markets, appliance brands, and home decoration companies [1] Group 2: Market Impact and Data - The trade-in policy is part of a broader government effort to upgrade consumption in the home and related industries [2] - In 2025, the sales volume of trade-in related goods exceeded 2.6 trillion yuan, benefiting over 360 million people [2] - Specific figures for 2025 include over 129 million home appliances, 120 million home renovations, 11.5 million automobiles, 9.1 million digital products, and 1.25 million electric bicycles traded in [2]

Market Overview - The three major indices opened mixed, with the Shanghai Composite Index down 0.93% and the Shenzhen Component Index down 0.54%, while the ChiNext Index opened up 0.65% [1] - Key sectors showing gains include electric grid equipment, photovoltaic, and airports, while sectors such as non-ferrous metals and oil & gas experienced declines [1] Index Performance - Shanghai Composite Index: 4079.71, down 0.93%, with 579 gainers and 1486 losers, trading volume of 101.3 million shares worth 13.951 billion [2] - Shenzhen Component Index: 14128.87, down 0.54%, with 635 gainers and 2028 losers, trading volume of 124.5 million shares worth 19.692 billion [2] - ChiNext Index: 3368.14, up 0.65%, with 345 gainers and 937 losers, trading volume of 294.7 million shares worth 8.748 billion [2] Institutional Insights - CITIC Securities maintains a long-term positive outlook on the "technology + resource products" dual main line, noting that the market sentiment has cooled due to ETF sell-offs and international gold and silver price fluctuations, but expects stabilization before the Spring Festival [3] - Huatai Securities emphasizes that the core drivers for the spring market have not fundamentally changed, suggesting a focus on high-performing and low-position sectors, including electric power equipment and semiconductor devices [4] - China Galaxy Securities anticipates continued sector rotation leading up to the Spring Festival, highlighting strong fundamental support for sectors like non-bank financials and automotive, while also noting the potential for structural opportunities within the market [5]

Core Insights - In 2025, the central government implemented a series of financial policies to support the expansion of commodity consumption and optimize service consumption supply, including the issuance of 300 billion yuan in long-term special bonds to support the replacement of consumer goods [1][4] - The retail sales of consumer goods exceeded 50 trillion yuan, reaching 50,120.2 billion yuan, with a year-on-year growth of 3.7%, accelerating by 0.2 percentage points compared to the previous year [1][2] Group 1: Policy Implementation and Impact - The "old for new" policy expanded from 8 categories of home appliances to 12, including digital products and electric bicycles, with increased subsidy intensity [2] - In 2025, over 11.5 million vehicles were replaced under the "old for new" policy, with nearly 60% being new energy vehicles [2][4] - The sales of related products under the "old for new" policy exceeded 2.6 trillion yuan, benefiting over 360 million people [4] Group 2: Market Performance - Retail sales of limited above units grew by 3.4%, with significant increases in categories such as communication equipment (20.9%) and cultural office supplies (17.3%) [3] - The retail sales of new energy passenger vehicles reached 12.8 million units, a year-on-year increase of 17.6%, with a penetration rate of 53.9% [3][4] - Upgraded product categories saw accelerated demand, with sports and entertainment goods growing by 15.7% and jewelry and cosmetics reversing previous declines [3] Group 3: Industry Upgrades and Environmental Impact - The "old for new" policy not only boosted consumption but also promoted industrial upgrades and green transformation, with over 90% of replaced home appliances being high-efficiency products [4] - The recycling of scrapped vehicles increased by 24.5%, leading to significant reductions in carbon emissions [4] - The Ministry of Finance, in collaboration with the Ministry of Commerce, initiated pilot projects to foster new consumption models and international consumption environments, allocating 9.6 billion yuan for the first batch of funding [4][5]

原标题：2025年全国科学技术支出12062亿元 在加力扩围支持消费品以旧换新方面，财政部经济建设司副司长吴盖介绍，2025年，财政部先后分四批 累计下达超长期特别国债资金3000亿元支持消费品以旧换新，部分地区还增加安排地方资金，有力释放 消费潜力，助力相关产业加快转型升级。 初步统计，2025年消费品以旧换新相关产品销售额超2.6万亿元，惠及超3.6亿人次。其中，汽车以旧换 新超1150万台，新能源汽车在汽车以旧换新中的销售占比达到近60%；家电以旧换新近1.3亿台，一级 能效（水效）产品占比超90%；手机等数码产品购新超9100万件，中高端机型销量占比达72.5%。在以 旧换新政策带动下，相关商品销售额持续增长，比如，乘用车零售量增长3.8%，限额以上家电、通讯 器材零售额增长11%、20.9%。 与此同时，2025年，财政部会同商务部联合启动消费新业态新模式新场景和国际化消费环境建设两项试 点工作，通过竞争性评审确定了65个试点城市，并下达了首批资金96亿元。消费新业态新模式新场景试 点聚焦支持首发经济、服务消费和"IP+消费"三个方向，通过打造一批带动面广、显示度高的消费新场 景，培育消费发展新动能 ...

本报讯 （记者梁傲男）1月31日，不少网友发现，北京地区的线上国补资格可以轻松领到了，手机、平 板、电脑、冰箱、洗衣机等多品类国补资格都能一键领取，无需再争抢拼手速了。 第一步，北京的消费者可在微信、百度客户端搜索"京通"进入小程序，首次登录时会提示您完成实名认 证。在首页点击"消费品以旧换新"进入服务专区，可以选择"家电以旧换新"，或者"数码和智能产品购 新"，按需领用资格券码。点击下方"我的券码"查看全部已经领取的券码及使用状态。 第二步，打开京东APP或微信京东购物小程序，搜索"北京家电以旧换新"进入北京国补会场，绑定国补 资格码；之后可以在京东的北京活动会场浏览选购，也可直接搜索符合要求的商品选购，新机收货地址 需在北京市内，即可享受补贴。值得注意的是，用户可选择单独购买产品，也可选择以旧换新下单，均 可享受国补。 在提升国补体验方面，京东可额外提供家电品类的旧机回收补贴，"送、装、拆、收"一体化服务，以 及"三免四不限"服务（即旧机免费上门、免费拆卸、免费搬运；不限旧机购买渠道、不限品牌、不限年 限、不限品相）。京东可在为3C数码品类送货上门的同时，完成现场签收、现场激活，让消费者足不 出户换新机。 ...

Core Viewpoint - The Ministry of Finance announced a stable fiscal operation for 2025, with a focus on a more proactive fiscal policy to support economic growth and ensure budget execution remains satisfactory [1]. Fiscal Revenue - In 2025, the national general public budget revenue is projected to be 21.6 trillion yuan, a decrease of 1.7% from 2024 [2]. - Central government revenue is expected to be 939.63 billion yuan, down 6.5%, while local government revenue is projected to grow by 2.4% to 1.22082 trillion yuan [2]. - Nearly 90% of regions are expected to see revenue growth, with 27 out of 31 provinces, autonomous regions, and municipalities reporting increases compared to 2024 [2]. - Tax revenue is anticipated to grow by 0.8%, while non-tax revenue is expected to decline by 11.3% due to a high base from 2024 [2]. - Specific tax categories show growth: domestic VAT up 3.4%, domestic consumption tax up 2%, and corporate income tax up 1% [2][3]. Fiscal Expenditure - Total general public budget expenditure is projected at 28.74 trillion yuan, a year-on-year increase of 1% [4]. - Key areas of expenditure include social security and employment (up 6.7%), education (up 3.2%), and health (up 5.7%) [4]. - A new childcare subsidy policy will allocate approximately 100 billion yuan, with 90.4 billion yuan from the central government [4]. - Significant funding for agriculture includes 176.6 billion yuan for high-standard farmland construction, a 53% increase, and 20.8 billion yuan for enhancing agricultural machinery [4]. Government Fund Budget - Government fund budget revenue is expected to be 5.77 trillion yuan, with expenditures rising to 11.29 trillion yuan, an increase of 11.3% from 2024 [5]. - The spending on special bonds and other financial instruments is projected to reach 6.19 trillion yuan, a 37.6% increase [5]. Support for Consumption - The Ministry of Finance is implementing policies to boost consumption, including 300 billion yuan in special bonds for consumer goods replacement programs [6][7]. - Estimated sales from these programs are projected to exceed 2.6 trillion yuan, benefiting over 360 million people [7]. - In Hainan Free Trade Port, "zero tariff" policies have led to a significant increase in imported goods, with a value of 857 million yuan, a 243% increase year-on-year [7].

为保障海南自由贸易港顺利实现全岛封关，财政部牵头制定货物进出"一线""二线"及在岛内流通的税收 政策，以及进口征税商品目录，已于2025年12月18日全岛封关运作之日起实施，基本确立了海南自由贸 易港"零关税"制度体系。封关以来，截至2026年1月27日，"零关税"货物进口货值8.57亿元，同比增长 2.43倍，覆盖了化工、矿产品制造、医疗健康等多个行业，减免税款约1.29亿元，同比增长2倍；1万多 家企业申请成为"零关税"政策享惠主体，新增备案外贸企业5700余家；全省新增外资企业409户，同比 增长23.56%，外商直接投资总额、增速位居全国前列；离岛免税销售金额62.8亿元，购物人数98.1万人 次，特别是今年元旦假期期间，离岛免税销售金额7.12亿元，同比大幅增长128.9%。 《 人民日报 》( 2026年02月01日 02 版) 2025年，全国一般公共预算收入21.6万亿元，比2024年下降1.7%。31个省份中，除个别地区受煤炭等大 宗商品价格下行影响收入有所下降外，27个地区全年财政收入比2024年实现增长。全年税收收入增长 0.8%，总体呈稳步回升走势。2025年，全国一般公共预算支出28 ...

Core Viewpoint - The Inner Mongolia Autonomous Region is implementing a large-scale equipment renewal and consumer goods trade-in policy for 2026, supported by long-term special government bonds, aimed at driving high-quality economic development in the region [1][2] Group 1: Equipment Renewal - The policy expands the scope of equipment renewal to include not only industrial and electronic information sectors but also public welfare areas such as the installation of elevators in old residential communities, facilities for elderly care, and fire rescue equipment [1] - Support for small and medium-sized enterprises (SMEs) is emphasized, with optimized application conditions and reduced investment thresholds to enhance technological upgrades and production capacity [1] - Key areas for equipment updates include the scrapping and replacement of old operational trucks with low-emission or electric vehicles, and the acceleration of the replacement of new energy city buses and power batteries to promote green urban transportation [1] Group 2: Consumer Goods Trade-in - A multi-category subsidy scheme for consumer goods trade-in is introduced, covering automobiles, home appliances, and digital smart products, with funding shared between the central government (95%) and the autonomous region (5%) [2] - In the automotive sector, consumers can receive a subsidy of 12% (up to 20,000 yuan) for purchasing new energy vehicles after scrapping their old cars, and 10% (up to 15,000 yuan) for purchasing fuel vehicles with an engine size of 2.0 liters or less [2] - For home appliances and digital products, consumers can receive a 15% subsidy on the final price for energy-efficient appliances, with a maximum of 1,500 yuan per item, and similar subsidies for digital products priced under 6,000 yuan [2]

Core Insights - Qinghai Province is implementing a "trade-in" policy for consumer goods as a key measure to boost consumption, stabilize growth, and improve livelihoods, with significant support from the provincial government and the Ministry of Commerce [1] Group 1: Policy Implementation and Impact - The province has invested a total of 1.69 billion yuan in central and provincial funds, benefiting over 1.52 million people and stimulating consumption worth 19.7 billion yuan [1] - The policy has led to the purchase of 92,000 new vehicles, 496,000 home appliances, 615,000 digital products, 319,000 home and decoration items, and 4,000 electric bicycles [1] Group 2: Operational Framework - A comprehensive policy implementation system has been established, with a single department overseeing the entire process and a unified platform for managing subsidy applications and data [2] - A mechanism for regular reporting and analysis has been put in place to ensure effective policy execution and resource allocation [2] Group 3: Strategic Adjustments - The policy includes measures to stabilize expectations by temporarily pausing certain subsidies and adjusting the pace of fund consumption [2] - Efforts are being made to enhance market participation by encouraging retail companies and financial institutions to collaborate [2] - The frequency of subsidy distribution has been increased from weekly to daily to better support consumer demand [2]