Overview
- Beijing earmarked 62.5 billion yuan as the initial 2026 tranche, to be raised through ultra‑long special sovereign bonds, according to the NDRC.
- Smartphones, tablets, smartwatches and smart wristbands enter the scheme with a 15% rebate capped at 500 yuan per item.
- Six major home appliance categories continue to qualify for 15% subsidies, up to 1,500 yuan each.
- New energy vehicle incentives remain tiered: 12% up to 20,000 yuan for scrappage replacements and 8% up to 15,000 yuan for standard trade‑ins.
- Authorities have not disclosed the total 2026 funding envelope and say local governments will pace disbursements to maximize impact, following a 300 billion yuan allocation in 2025.