On July 25, the Ministry of Finance (MOF) stated that in 2025, the MOF, in collaboration with the National Development and Reform Commission (NDRC), will allocate 300 billion yuan in ultra-long-term special treasury bond funds to support the trade-in policy for consumer goods. In January and April of this year, a cumulative total of 162 billion yuan in ultra-long-term special treasury bond funds was pre-allocated in two batches. Recently, the MOF, working with the NDRC, has calculated and determined the funding scale for each region in 2025, and has allocated a third batch of 69 billion yuan in ultra-long-term special treasury bond funds. The remaining funds will be allocated in October to support regions in implementing the trade-in policy for consumer goods.