[Policy interpretation] The scale of extra long term special treasury bond support will increase significantly this year by strengthening the implementation of the "two new" policy

Beijing, January 8 (Xinhua) -- The National Development and Reform Commission and the Ministry of Finance issued a notice to the public on the 8th regarding the implementation of large-scale equipment updates and the policy of exchanging old for new consumer goods in 2025. The relevant regulatory authorities have stated that they will take "four major actions" to promote equipment updates, expand support for consumer goods trade in, accelerate the improvement of recycling and reuse levels, fully leverage the driving force of standard upgrading, and amplify the leverage effect of the "two new" policies.

This year, we will increase the scale of "two new" funds and expand the scope of support

On the 8th, Zhao Chenxin, Deputy Director of the National Development and Reform Commission, stated at the regular policy briefing of the State Council that in 2025, the implementation of the "two new" policies will increase the scale of funds, expand the scope of support, optimize the implementation mechanism, amplify the leverage effect, and deeply promote the "four major actions", namely, strengthening the promotion of equipment renewal, expanding the support for the exchange of old and new consumer goods, accelerating the improvement of the level of recycling and reuse, and fully leveraging the driving role of standard improvement.

Fu Jinling, Director of the Economic Construction Department of the Ministry of Finance, stated that by the end of 2024, the 150 billion yuan of funds arranged by the central government for the exchange of old and new consumer goods have been basically used up. Some places have taken the initiative to increase the allocation of local funds after using up the central funding quota in advance, ensuring that support policies continue to be implemented; In addition, the 150 billion yuan large-scale equipment upgrade funds will be allocated according to the project method, and the Ministry of Finance has already allocated all the funds to local governments and specified them for specific projects.

"Recently, the central finance has released the first batch of funds of 81 billion yuan for 2025 consumer goods trade in, supporting local governments to do a good job in linking up the continuous implementation of policies." Fu Jinling said that it will further strengthen the policy linkage of financial funds, and arrange extra interest discounts for ultra long term special treasury bond funds on the basis of 1.5 percentage points of the central finance discount for the loan principal related to equipment renewal of qualified business entities, further reducing the financing cost of equipment renewal of business entities.

"The total amount of extra long term special treasury bond used to support the" two new "projects this year has increased significantly compared with last year. The specific amount will be announced to the public at the National Two Sessions this year." Zhao Chenxin said.

Expansion, upgrading, and strengthening of equipment to promote equipment updates

Promote large-scale equipment updates and expand the scope and standards by 2025. Liu Dechun, Director of the Department of Resource Conservation and Environmental Protection of the National Development and Reform Commission, said that in terms of "expansion", three areas including electronic information, safe production and facility agriculture were included in the scope of ultra long term special treasury bond funding support; On the basis of the National III emission standards, support the scrapping and updating of operational trucks in accordance with the National IV emission standards; In the subsidy for scrapping and updating agricultural machinery, six types of agricultural machinery, including rice transplanters and field operation detection terminals, will be added. In terms of "upgrading standards", the subsidy standards for updating new energy city buses and power batteries will be raised, with the average subsidy amount per vehicle increasing from 60000 yuan to 80000 yuan; Raise the subsidy standard for scrapping and updating cotton picking machines, and increase the maximum subsidy amount per unit by 20000 yuan.

“对符合条件经营主体设备更新相关的银行贷款本金，在中央财政贴息1.5个百分点的基础上，国家发展改革委安排超长期特别国债资金进行额外贴息，进一步放大资金撬动效应，切实降低经营主体，特别是中小企业设备更新的融资成本。”刘德春说。

中国人民银行信贷市场司司长彭立峰表示，为支持大规模设备更新，去年4月，人民银行国家发展改革委、工业和信息化部、交通运输部、农业农村部、国资委等有关部门设立了科技创新和技术改造再贷款，总规模5000亿元，其中安排4000亿元，激励银行加大对重点领域设备更新的信贷支持，再贷款利率是1.75%。中央财政给予贷款企业1.5%的贴息支持。

“截至去年底，银行与企业已经签订贷款合同、企业可以随时提款的金额超过8000亿元，企业已经用款近2000亿元，对应项目投资总额2.2万亿元。另外，还有1000个项目已经达成贷款合作意向，正在抓紧推进审批授信。截至去年底，设备更新贷款加权平均利率3%，叠加中央财政贴息后，实际融资成本仅1.5%，远低于1年期的LPR利率。”彭立峰说。

扩围支持消费品以旧换新 实施手机等产品购新补贴

商务部市场运行和消费促进司司长李刚表示，2024年汽车报废更新超过290万辆，置换更新超过370万辆，带动汽车销售额9200多亿元，超过3600万消费者购买了八大类家电产品5600多万台，带动销售额2400亿元。家装厨卫“焕新”带动销售相关产品近6000万件，销售额约1200亿元，电动自行车以旧换新超过138万辆，带动新车销售超37亿元。

通知明确，继续支持冰箱、洗衣机、电视、空调、电脑、热水器、家用灶具、吸油烟机等8类家电产品以旧换新，将微波炉、净水器、洗碗机、电饭煲等4类家电产品纳入补贴范围。每位消费者每类产品可补贴1件（空调产品最多可补贴3件），每件补贴不超过2000元。实施手机等数码产品购新补贴。对个人消费者购买手机、平板、智能手表手环等3类数码产品（单件销售价格不超过6000元），按产品销售价格的15%给予补贴，每位消费者每类产品可补贴1件，每件补贴不超过500元。

李刚表示，实施手机等产品购新补贴，支持符合条件的不同品牌、不同型号产品参加补贴。不论是内资、外资企业，还是国有、民营企业，不论是大型企业还是中小企业，不论是线上平台企业还是线下实体企业，都能够公开、平等地参与补贴政策。

“我们将会同有关部门尽快出台汽车、家电、家装厨卫、电动自行车、手机等数码产品五个领域的实施细则，明确具体补贴标准、操作流程；进一步优化补贴申请审核和资金拨付流程，完善相关信息平台功能，提升数据核查比对效率，让补贴资金更快、更便捷直达消费者。”李刚说。

刘德春表示，随着“两新”工作的深入实施，废旧产品设备报废淘汰明显加速。2024年，全国报废机动车回收量达到846万辆，同比增长64%。下一步，结合“两新”政策的实施，加强废弃物循环利用，推动资源回收利用行业高质量发展。

“将加快推行资源回收企业向自然人报废产品出售者‘反向开票’。实施再生材料推广应用专项行动，落实生产者责任延伸制度，支持汽车、电器电子产品等生产企业提高再生材料应用比例。”刘德春说。

Information source:新华财经客户端