The first batch of ultra-long-term special national bonds to support equipment update funds has been issued, with over 150 billion yuan allocated for "Two News" funding this year.

The journalist learned from the National Development and Reform Commission on January 22nd that the first batch of 93.6 billion yuan of ultra-long-term special national bonds to support equipment renewal funds for 2026 has been issued. Together with the first batch of 62.5 billion yuan of ultra-long-term special national bonds to support the replacement of consumer goods with old ones that were issued to local governments before New Year's Day, over 150 billion yuan of "two new" funds have been allocated this year. It is reported that the first batch of ultra-long-term special national bonds to support equipment renewal funds this year will support approximately 4,500 projects in areas such as industry, energy and power, education, healthcare, grain and oil processing, customs inspection, old residential elevators, energy conservation, carbon reduction, environmental protection, recycling, etc., driving total investment of over 460 billion yuan. At the same time, by directly allocating funds to local governments, support will continue to be provided for the scrapping and renewal of old operating trucks, the replacement of new energy urban buses, and the scrapping and renewal of old agricultural machinery. At the end of last year, the National Development and Reform Commission and the Ministry of Finance issued a "Notice on the Implementation of Large-scale Equipment Renewal and Old-for-New Policy for 2026", which clarified the scope of support, subsidy standards, and work requirements for the "two new" policies in 2026. In order to optimize the implementation of the "two new" policies, ensure smooth and orderly policy transitions, and meet the peak consumption demand during New Year's Day and Spring Festival, the National Development and Reform Commission and the Ministry of Finance have already allocated the first batch of 62.5 billion yuan of ultra-long-term special national bonds to support the replacement of consumer goods with old ones for 2026 to local governments in advance.