Core Viewpoint - The Henan Province has announced the implementation details for the 2026 subsidy program for replacing old household appliances and digital products, following the earlier vehicle trade-in subsidy policy [1][3]. Subsidy Scope - The subsidy covers six categories of household appliances: refrigerators (including freezers), washing machines (including washer-dryer combos), televisions (including laser TVs, excluding projectors), air conditioners (including home central air conditioning), computers (branded, excluding assembled machines), and water heaters (including wall-mounted boilers) [2][5]. - It also includes four categories of digital and smart products: mobile phones, tablets, smartwatches (bands), and smart glasses, with a single item sales price not exceeding 6,000 yuan [2][5]. Subsidy Standards - For household appliances, a subsidy of 15% of the final sales price is provided for energy-efficient or water-efficient products, with a maximum subsidy of 1,500 yuan per item for each consumer [6]. - For digital and smart products, a similar subsidy of 15% applies, with a maximum of 500 yuan per item for each consumer [6]. Participation Process - Consumers must log into the Yunshangfu APP for real-name registration and obtain subsidy vouchers [7]. - Upon purchasing eligible products, consumers will receive an immediate discount at the point of sale, and merchants must issue invoices reflecting the actual payment plus the government subsidy [7]. - Merchants are required to collect necessary information for subsidy verification, including product serial numbers and activation codes for certain devices [8]. Basic Conditions for Participants - Participants must be legally registered entities with independent accounting, primarily engaged in retail of household appliances and digital products, and must have the capability for after-sales services [9]. - They must have a good credit status, with no significant safety incidents or violations in the past two years [9]. - Participants must publicly disclose product pricing and ensure compliance with subsidy regulations [10]. Responsibilities and Requirements - The business department is responsible for determining and publishing the list of participating entities, overseeing compliance, and managing funds [12]. - The finance department will handle fund disbursement and monitoring, aiming for efficient subsidy payments [12]. - Market regulation departments will ensure product quality and price monitoring, protecting consumer rights [12]. - Participants must adhere to legal regulations and avoid fraudulent practices, with penalties for violations [14].

Group 1 - In 2025, the sales volume of products related to the trade-in program is expected to exceed 2.6 trillion yuan, benefiting over 360 million people [1] - The trade-in program will include over 11.5 million cars, 129 million home appliances, 9.1 million digital products, 120 million home renovation items, and 12.5 million electric bicycles [1] - From January to November, the total retail sales of consumer goods grew by 4.0% year-on-year, with the trade-in program contributing over 1 percentage point to this growth [1] Group 2 - Since the full implementation of the policy in September 2024, over 480 million direct subsidies have been issued to consumers, leading to the introduction of many green, low-carbon, and smart products into daily life [2] - For every two new household cars sold in 2025, one will benefit from the trade-in subsidy, and the number of old electric bicycles replaced will exceed nine times that of 2024 [2] - The concentration of trade-in home appliance stores in certain commercial areas has led to a more than 30% increase in consumer spending within a 1-kilometer radius [2]

Core Viewpoint - Beijing will implement a subsidy program for the replacement of old household appliances and digital products starting January 1, 2026, aimed at encouraging consumer spending in these sectors [1]. Subsidy Details - The subsidy will apply to six categories of household appliances (refrigerators, washing machines, televisions, air conditioners, water heaters, and computers) and four categories of digital products (mobile phones, tablets, smartwatches, and smart glasses) [1][10]. - The subsidy amount will be 15% of the final sales price after discounts, with a maximum of 1,500 yuan for household appliances and 500 yuan for digital products per item [1][10]. Qualification Process - Consumers can obtain subsidy qualifications through the "Jingtong" mini-program starting at 8 AM daily, with qualifications valid for the month of issuance [1][4]. - The program allows for both online and offline redemption, with specific platforms and stores designated for each [4][12][13]. Redemption Guidelines - For online purchases, consumers must complete the qualification process in the mini-program and then use the generated code on designated e-commerce platforms [6][7]. - For offline purchases, consumers must show the qualification QR code to participating retailers for verification [7]. Additional Information - The program includes a mechanism for reissuing qualifications if they expire without use, allowing consumers to reapply [1][4][16]. - The initiative is part of a broader effort to stimulate economic activity in the consumer electronics sector [1].