Core Viewpoint - The State Administration for Market Regulation has drafted a notice soliciting public opinions on the update of old residential elevators, emphasizing safety performance standards and encouraging the integration of smart systems during upgrades [1][2]. Group 1: Elevator Update Regulations - The draft specifies that the safety performance indicators for components selected for updating elevators must not be lower than those of the original elevators [1][2]. - The warranty period for updated elevator steel ropes must be no less than 10 years or correspond to at least 2 million starts of the elevator drive motor, while the warranty for the covering belt must be no less than 20 years or correspond to at least 4 million starts [2]. - The draft encourages the provision of a complete warranty and free maintenance service for no less than 5 years [2]. Group 2: Cost and Resource Management - To save costs and shorten construction time, existing high-quality components such as guide rails and counterweights should be retained and reused whenever possible [2]. - The draft proposes a pilot program to establish a new management model for elevator usage in residential areas, promoting long-term responsibility for maintenance and management [2]. Group 3: Safety Supervision Measures - The draft outlines that serious safety hazards found during inspections of residential elevators, especially in old communities lacking management and maintenance, should be reported to relevant authorities [3]. - Local market regulation departments are required to share information regarding elevator update projects, including project names and contact details, to enhance safety supervision [3].

Core Viewpoint - The Chinese government is implementing a long-term special bond funding program to support the renovation of old residential elevators, ensuring safety and improving living conditions for residents [1][5]. Group 1: Funding and Support - Starting in 2024, the renovation of old residential elevators will be included in the funding scope of the long-term special bonds, targeting elevators that are outdated, frequently malfunctioning, and pose safety risks [1][5]. - A total of 6.2 billion yuan will be allocated in 2024 to support the renovation of 41,000 old residential elevators, benefiting nearly 1.7 million households [5]. Group 2: Implementation and Standards - The regulations require that updated elevators meet specific technical standards to ensure safety and durability [3]. - Elevator manufacturers are mandated to provide high-quality, reasonably priced products with excellent after-sales service for the renovation projects [3]. - Property owners must negotiate management and maintenance arrangements before the implementation of the renovation projects, with encouragement to establish new management models for elevator usage in residential areas [3]. Group 3: Progress and Impact - As of February 2025, 36,000 elevators have already begun renovation under the national funding program [4][5]. - The initiative is part of a broader effort to enhance public safety and improve living conditions, reflecting the government's commitment to large-scale equipment upgrades [5].

Core Viewpoint - The National Market Supervision Administration is initiating a public consultation on a draft notice aimed at supporting the renovation of old residential elevators through special long-term government bonds to ensure residents' safety [1] Group 1 - The draft notice is part of the government's efforts to implement decisions made by the Central Committee and the State Council [1] - The initiative focuses on the orderly promotion of funding for the renovation of aging residential elevators [1] - The goal is to enhance the safety of residents using elevators in residential buildings [1]

Group 1 - The core initiative involves the safety assessment of 26,000 old residential elevators in Beijing as part of the city's 2025 important livelihood projects, with 5,360 assessments completed in the first quarter [1][3] - The assessment focuses on 18 key components, including speed limiters and brakes, to enhance efficiency by reducing unnecessary evaluation items based on past experiences and resident concerns [2] - A total of 45,000 old residential elevators are expected to be assessed by the end of 2024, with 5,000 already completed and an additional 26,000 planned for this year, ensuring comprehensive evaluation [3] Group 2 - The assessment process utilizes a "one elevator, one code" system that integrates all elevator information, allowing for real-time data access and reducing the need for on-site inspections [1][2] - Residents will receive safety assessment reports through property management, and a supplementary manual will be created to help interpret the findings, with technical experts available for clarification in case of disputes [2] - Elevators over 15 years old are required to undergo annual mandatory inspections, while those over 20 years old are recommended for replacement rather than assessment [3]