Henan Offers Up to RMB 20,000 in Subsidies for Vehicle Purchases to Boost Consumption and Stabilize Foreign Trade.

Published: Jul 22, 2026 17:57

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On July 21, the Henan Provincial Government Information Office held a press conference on further consolidating and expanding the steady and positive economic momentum of Henan Province in the second half of 2026. Song Yuzhe, Member of the Party Leadership Group and Deputy Director of the Henan Provincial Department of Commerce, introduced that Henan will continue to roll out the consumer goods trade-in program in the second half of the year. Individual consumers engaging in vehicle scrappage renewal and vehicle trade-in renewal will receive subsidies capped at RMB 20,000 and RMB 15,000 respectively on a proportional basis. Purchasers of six categories of home appliances within the subsidy scope, namely refrigerators, washing machines, televisions, air conditioners, computers and water heaters, can claim subsidies of up to RMB 1,500. Subsidies of a maximum RMB 500 are available for four types of smart digital products including mobile phones, tablets, smart watches and bracelets, and smart glasses. It is expected that more than ten million consumers will benefit from the policy.

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