Shenzhen Expands Support for Consumer Goods Trade-In with 2025 Ultra-Long-Term Treasury Bonds

Published: Mar 13, 2025 18:48

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[Up to 20,000 Yuan Per Unit! Shenzhen's Ultra-Long-Term Special Treasury Bonds Expand Support for Trade-In of Consumer Goods] On March 12, the Shenzhen Municipal Development and Reform Commission and the Shenzhen Municipal Finance Bureau issued a notice on the implementation plan for expanding support for the trade-in of consumer goods using 2025 ultra-long-term special treasury bond funds. By the end of 2025, the plan aims to achieve approximately 160,000 vehicle trade-ins (including 40,000 scrappage and renewal and 120,000 replacement renewals), sales of approximately 3.2 million home appliances, purchases of approximately 3.5 million new mobile phones and other digital products, over 20 million home renovation and kitchen and bathroom items, approximately 1.7 million smart home products, approximately 100,000 e-bike trade-ins, and the renewal of approximately 4,700 operational trucks and city buses, continuously unleashing investment and consumption potential.

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