Core Insights - The National Development and Reform Commission, in collaboration with the Ministry of Finance, has allocated 69 billion yuan for the third batch of consumer goods replacement subsidies this year [1] - UnionPay Business has leveraged its experience in promoting consumption activities to innovate solutions for the "old for new" program, focusing on material review, payment invoicing, and fund circulation [1] Group 1: AI and Efficiency Improvements - UnionPay Business has launched the "AI Assistant" on its Silver Merchant Brain platform to enhance the efficiency and accuracy of subsidy qualification and material review processes [2] - The AI Assistant automates the verification of various order information, significantly improving the order processing efficiency by over five times and achieving a 100% accuracy rate in initial reviews [3][4] Group 2: Invoice Processing Enhancements - The "Payment Instant Invoicing" service has been optimized to meet the increasing demand for invoice issuance and verification, ensuring 100% accuracy in matching invoices with order information [5] - This service has been successfully implemented across over 10,000 merchants, enhancing the invoicing efficiency and supporting the overall digitalization of the "old for new" program [5] Group 3: Financial Support for Merchants - UnionPay Business has introduced the "National Subsidy Loan" products in collaboration with various banks to address the urgent funding needs of offline merchants participating in the "old for new" program [6] - This initiative aims to alleviate the financial pressure on small and medium-sized merchants, enabling them to maintain operations and participate in promotional activities [6] Group 4: Nationwide Implementation and Future Plans - Since August 2024, UnionPay Business has supported the rollout of the "old for new" program across 31 provinces, covering multiple sectors including home appliances and 3C digital products [7] - The company is committed to continuously optimizing its products and services to bridge the gap between policy implementation and consumer benefits, thereby driving high-quality development of the real economy [7]