Core Viewpoint - The National Development and Reform Commission (NDRC) and the Ministry of Finance have issued a notice regarding the implementation of large-scale equipment updates and consumer goods replacement policies in 2026, with a focus on supporting consumption and meeting demand during peak seasons like New Year's and Spring Festival [1] Group 1: Policy Optimization - The 2026 "Two New" policy has been optimized in three main areas: support scope, subsidy standards, and implementation mechanisms [2][3] - The support scope for equipment updates will continue from 2025, with additions in areas such as old residential elevator installations, equipment updates for elderly care institutions, and safety equipment updates [2] - The consumer goods replacement policy will focus on key consumer products with strong driving effects, including continued subsidies for scrapping and replacing cars, as well as for six categories of home appliances [2] Group 2: Subsidy Standards - The subsidy standards for equipment updates will be differentiated based on the number of floors for residential elevators, and electric trucks will be prioritized for scrapping and replacement subsidies [3] - For consumer goods, the subsidy for cars will remain capped, but will shift from a fixed amount to a percentage of the vehicle price; home appliance subsidies will focus on energy-efficient products with a maximum subsidy of 1,500 yuan per item [3] Group 3: Implementation Mechanisms - The implementation mechanisms will be optimized to lower the investment threshold for project applications and enhance support for small and medium-sized enterprises [3] - The funding distribution will be improved, with strict measures against fraudulent claims and price inflation before subsidies [3] - The NDRC will work with relevant departments to ensure a coordinated approach to the policy's implementation, aiming for balanced and orderly use of subsidy funds [3]

Core Viewpoint - The Sichuan Provincial Economic Work Conference emphasizes the importance of expanding effective demand as a key strategy for promoting high-quality economic development, particularly in Chengdu as the core engine of the Chengdu-Chongqing economic circle [1] Consumption Expansion and Quality Improvement - Chengdu aims to enhance consumer spending through policies and innovative consumption scenarios, targeting a retail sales total of 8,291.7 billion yuan by the third quarter of 2025, reflecting a 6.5% year-on-year growth, surpassing the national average of 4.5% [1] - The "trade-in" policy has been pivotal in stimulating large-scale consumption, with over 58,000 applications for vehicle subsidies in the first half of 2025, leading to new car sales of 40 billion yuan [2] - Innovative consumption scenarios are reshaping the urban consumption ecosystem, with a 197.2% increase in retail sales of communication equipment and a 22.2% growth in sports and entertainment products by 2025 [3] Investment Precision and Infrastructure Development - Chengdu focuses on major projects in infrastructure, industry upgrades, and public welfare to enhance investment scale and efficiency, with significant infrastructure projects like the completion of the Jinsha River Silver River Hydropower Station by December 2025 [5] - The city is advancing new productive forces through investments in artificial intelligence and other emerging industries, with the first commercial supercritical carbon dioxide generator set to operate in 2025 [6] Social Investment and Quality of Life - Investment in public services such as education, healthcare, and elderly care is increasing, with plans to build or expand 20 schools and add 30 community elderly care complexes by 2025 [7] - This investment strategy aims to alleviate residents' financial burdens in education, healthcare, and elderly care, thereby enhancing consumer confidence and spending capacity [7] Regional Collaborative Development - Chengdu is breaking the urban-rural dual structure and promoting regional collaboration to extend the internal demand market from cities to rural areas, with rural residents' disposable income projected to grow by 5.8% by 2025 [8] - The Chengdu-Chongqing economic circle is expected to see a retail sales total exceeding 3 trillion yuan by 2025, becoming one of the fastest-growing regional consumer markets in the country [9] Reform and Innovation - Continuous optimization of consumption policies is essential to enhance consumer confidence and capability, with plans to expand the scope of trade-in subsidies and improve the quality of consumption scenarios [11] - The focus on breaking down barriers to resource allocation and promoting regional integration is crucial for expanding internal demand and enhancing market efficiency [12]

据新华社北京12月30日电（记者 魏玉坤 魏弘毅） 一是优化支持范围。在民生领域增加老旧小区加装电梯、养老机构设备更新，在安全领域增加消防救 援、检验检测设备更新，在消费基础设施领域增加商业综合体、购物中心、百货店、大型超市等线下消 费商业设施的设备更新。继续实施汽车报废更新和汽车置换更新补贴；继续实施家电以旧换新补贴，支 持范围聚焦冰箱、洗衣机、电视、空调、电脑、热水器6类产品；同时，将数码产品购新补贴拓展为数 码和智能产品购新补贴，支持范围包括手机、平板、智能手表（手环）、智能眼镜和智能家居产品（含 适老化家居产品）。 二是优化补贴标准。设备更新方面，将住宅老旧电梯更新由定额补贴调整为按电梯层（站）数分档差异 化补贴；在老旧营运货车报废更新补贴中，优先支持更新为电动货车。消费品以旧换新方面，在保持汽 车补贴上限不变的基础上，将定额补贴调整为按车价比例进行补贴。 三是优化实施机制。设备更新方面，优化项目申报机制和审核流程，进一步降低申报项目的投资额门 槛，加大对中小企业的支持力度，扩大政策惠及面。消费品以旧换新方面，优化资金分配方式，完善全 链条实施细则，严厉打击骗补套补和"先涨后补"等违法违规行为。同时， ...

2026年"两新"政策出炉支持范围、补贴标准优化 同时，将数码产品购新补贴拓展为数码和智能产品购新补贴，支持范围包括手机、平板、智能手表（手 环）、智能眼镜和智能家居产品（含适老化家居产品）。 "与2025年政策相比，2026年将智能眼镜纳入了支持范围，这是明显的增量部分。"中泰证券研究所政策 团队首席分析师杨畅向上海证券报记者表示，可以预期这将对相关产业产品形成利好。 将汽车定额补贴调为按车价比例补贴 2026年"两新"政策，还进一步优化了补贴标准。其中，消费品以旧换新方面，继续实施汽车报废更新和 汽车置换更新补贴，在保持汽车补贴上限不变的基础上，将定额补贴调整为按车价比例进行补贴。 已提前下达首批625亿元超长期特别国债支持消费品以旧换新资金计划 国家发展改革委、财政部印发的《关于2026年实施大规模设备更新和消费品以旧换新政策的通知》12月 30日对外发布，明确2026年"两新"政策的支持范围、补贴标准和工作要求。据悉，为优化实施"两新"政 策，做好政策平稳有序衔接，满足元旦、春节等旺季消费需求，近日，国家发展改革委会同财政部，已 向地方提前下达2026年第一批625亿元超长期特别国债支持消费品以旧换新 ...

三是优化实施机制。设备更新方面，优化项目申报机制和审核流程，进一步降低申报项目的投资额门 槛，加大对中小企业的支持力度，扩大政策惠及面。消费品以旧换新方面，优化资金分配方式，完善全 链条实施细则，严厉打击骗补套补和"先涨后补"等违法违规行为。同时，落实全国统一大市场建设要 求，对汽车报废更新、汽车置换更新、6类家电以旧换新、4类数码和智能产品购新，明确在全国范围内 执行统一的补贴标准。 相关报道详见P09 一是优化支持范围。设备更新方面，总体延续2025年支持范围，在民生领域增加老旧小区加装电梯、养 老机构设备更新，在安全领域增加消防救援、检验检测设备更新，在消费基础设施领域增加商业综合 体、购物中心、百货店、大型超市等线下消费商业设施的设备更新。消费品以旧换新方面，进一步集中 资源，着力提升覆盖人群广、带动效应强的重点消费品"得补率"。继续实施汽车报废更新和汽车置换更 新补贴；继续实施家电以旧换新补贴，支持范围聚焦冰箱、洗衣机、电视、空调、电脑、热水器等6类 产品；同时，将数码产品购新补贴拓展为数码和智能产品购新补贴，支持范围包括手机、平板、智能手 表（手环）、智能眼镜和智能家居产品（含适老化家居产品）。 ...

Group 1 - The core policy for 2026 includes large-scale equipment updates and a trade-in program for consumer goods, with support for home appliances and digital products [1][3] - Consumers purchasing energy-efficient home appliances will receive a subsidy of 15% of the product price, capped at 1500 yuan per item, with a limit of one item per category per consumer [1] - New digital products eligible for subsidies include smartphones, tablets, smartwatches, and smart glasses, with a similar subsidy structure as home appliances [3] Group 2 - The automotive subsidy policy for 2026 will adjust from fixed amounts to a percentage of the vehicle price, linking subsidies directly to the purchase price [3][4] - For vehicle trade-ins, consumers can receive an 8% subsidy on the price of new energy vehicles, capped at 15,000 yuan, and a 6% subsidy for fuel vehicles with an engine size of 2.0 liters or less, capped at 13,000 yuan [3][4] - The scrapping and replacement subsidy offers higher rates, with 12% for new energy vehicles (up to 20,000 yuan) and 10% for smaller fuel vehicles (up to 15,000 yuan) [4] Group 3 - Funding for the "national subsidy" program will primarily come from the issuance of long-term special bonds, with the issuance amount increasing from 150 billion yuan last year to 300 billion yuan this year [4][5] - The central government will support local governments with a 9:1 funding ratio for the consumer goods trade-in program, with varying central government contributions based on regional classifications [4][5] - Unused subsidy funds by the end of 2026 will be reclaimed by the central government, and regions with significant unfulfilled subsidy claims will face increased oversight [5]

优化支持范围！2026年"两新"政策部署来了 新华社北京12月30日电（记者魏玉坤、魏弘毅）国家发展改革委、财政部印发的《关于2026年实施大规 模设备更新和消费品以旧换新政策的通知》30日对外发布，明确2026年"两新"政策的支持范围、补贴标 准和工作要求。2026年"两新"政策主要做了3个方面优化。 一是优化支持范围。设备更新方面，总体延续2025年支持范围，在民生领域增加老旧小区加装电梯、养 老机构设备更新，在安全领域增加消防救援、检验检测设备更新，在消费基础设施领域增加商业综合 体、购物中心、百货店、大型超市等线下消费商业设施的设备更新。消费品以旧换新方面，进一步集中 资源，着力提升覆盖人群广、带动效应强的重点消费品"得补率"。继续实施汽车报废更新和汽车置换更 新补贴；继续实施家电以旧换新补贴，支持范围聚焦冰箱、洗衣机、电视、空调、电脑、热水器等6类 产品；同时，将数码产品购新补贴拓展为数码和智能产品购新补贴，支持范围包括手机、平板、智能手 表（手环）、智能眼镜和智能家居产品（含适老化家居产品）。 二是优化补贴标准。设备更新方面，将住宅老旧电梯更新由定额补贴调整为按电梯层（站）数分档差异 化补贴；在老 ...

2025年，"国补"政策首次扩围至消费电子行业，个人购买手机、平板、智能手表手环等可享受国家补 贴，2026年"国补"政策在消费电子领域将再扩容，智能眼镜首次纳入。 12月30日，国家发展改革委、财政部发布关于2026年实施大规模设备更新和消费品以旧换新政策的通 知，支持家电以旧换新。 设备更新方面，总体延续2025年支持范围，在民生领域增加老旧小区加装电梯、养老机构设备更新，在 安全领域增加消防救援、检验检测设备更新，在消费基础设施领域增加商业综合体、购物中心、百货 店、大型超市等线下消费商业设施的设备更新。 为优化实施"两新"政策，做好政策平稳有序衔接，满足元旦、春节等旺季消费需求，近日，国家发展改 革委会同财政部，已向地方提前下达2026年第一批625亿元超长期特别国债支持消费品以旧换新资金计 划。 下一步，国家发展改革委将会同各有关部门，充分发挥"两新"部际联席会议制度作用，强化统筹推进和 跟踪调度，组织地方合理把握工作节奏，均衡有序使用补贴资金，全链条强化资金监管，平稳有序实施 消费品以旧换新政策，持续释放"两新"政策效能。 具体来看，其中提到，个人消费者购买冰箱、洗衣机、电视、空调、电脑、热水器等 ...

Core Viewpoint - The National Development and Reform Commission and the Ministry of Finance have issued a notice regarding the implementation of a large-scale equipment update and consumer goods replacement policy in 2026, focusing on enhancing consumer spending and supporting various sectors through subsidies [1][2]. Group 1: Policy Overview - The 2026 policy will continue to support vehicle scrapping and replacement subsidies, as well as old-for-new subsidies for home appliances, specifically targeting six categories: refrigerators, washing machines, televisions, air conditioners, computers, and water heaters [1][2]. - The scope of digital product subsidies has been expanded to include smart products, such as smartphones, tablets, smartwatches, smart glasses, and smart home products [1][2][6]. Group 2: Subsidy Standards - The subsidy standards for equipment updates will be adjusted, with residential elevator updates transitioning to a tiered subsidy based on the number of floors, and a preference for electric trucks in the scrapping subsidy for old operational trucks [3][4]. - For consumer goods, the subsidy for automobiles will remain capped, but the method will shift to a percentage of the vehicle price. Home appliances will receive a subsidy of 15% for products meeting first-level energy or water efficiency standards, with a maximum of 1,500 yuan per item [3][5][7]. Group 3: Implementation Mechanism - The policy will optimize the project application and review processes, lowering the investment threshold for applications and increasing support for small and medium-sized enterprises [3][4]. - A unified subsidy standard will be enforced nationwide for vehicle scrapping, vehicle replacement, and the six categories of home appliances and four categories of digital and smart products [3][4]. Group 4: Specific Support Areas - The policy will support equipment updates in various sectors, including industrial, electronic information, energy, transportation, logistics, education, tourism, healthcare, and safety, with a focus on enhancing public welfare and safety [4]. - The policy will also promote the electrification of urban public transport by continuing to support the update of new energy city buses and their power batteries [4].

Core Viewpoint - The article discusses the implementation of the "Two New" policy for 2026, which focuses on large-scale equipment updates and the trade-in of consumer goods, highlighting the support range, subsidy standards, and implementation mechanisms [1][3][4]. Group 1: Policy Support Range - The 2026 policy continues to support vehicle scrapping and replacement subsidies, as well as the trade-in of household appliances, specifically targeting six categories: refrigerators, washing machines, televisions, air conditioners, computers, and water heaters [1][3]. - The scope of digital product subsidies has been expanded to include smart products such as smartphones, tablets, smartwatches, smart glasses, and smart home devices [1][3][8]. - Additional support for equipment updates includes the installation of elevators in old residential areas, equipment updates in elderly care institutions, and safety-related equipment such as firefighting and inspection devices [3][5]. Group 2: Subsidy Standards - The subsidy standards for equipment updates have been optimized, with residential elevator updates shifting from fixed subsidies to tiered subsidies based on the number of floors [4]. - For scrapping old trucks, priority will be given to those replaced with electric trucks [4]. - The subsidy for household appliances will be 15% of the product price for energy-efficient or water-efficient products, with a maximum subsidy of 1,500 yuan per item [6][9]. Group 3: Implementation Mechanisms - The policy aims to streamline the project application and review processes, lowering the investment threshold for project applications and increasing support for small and medium-sized enterprises [4][5]. - The funding distribution method will be optimized, and measures will be taken to combat fraudulent claims and ensure uniform subsidy standards across the country [4][9]. - The policy emphasizes the importance of aligning with the construction of a unified national market, ensuring consistent implementation of subsidies for vehicle scrapping, household appliances, and digital products [4][9].