Overview
- The NDRC and Finance Ministry said the first tranche will be raised through ultra‑long special sovereign bonds.
- Smartphones, tablets, smartwatches and smart wristbands qualify for a 15% rebate capped at 500 yuan per item.
- Six categories of major home appliances carry a 15% subsidy up to 1,500 yuan per item.
- Buyers scrapping old cars get 12% off the price of a new energy vehicle up to 20,000 yuan, while replacements without scrappage receive 8% up to 15,000 yuan.
- Authorities did not specify the total 2026 fund and said local governments will pace rollouts in a balanced, orderly way, following a 300 billion yuan allocation this year.