Express News | Vice Premier He Lifeng attended the meeting to promote the expansion of Consumer work and emphasized the need to intensify efforts to drive the expansion of Consumer activities.

Breakings18:17

Hong Kong stock Concept tracking | The old-for-new policy is seamlessly connected, Institutions are Bullish on the Consumer potential of the home appliance Industry Chain (including Concept stocks)

Expanding the old-for-new program, the potential for Consumer spending on household appliances is expected to continue to be released.

Zhitong Finance09:24

Express News | HAITONG INT'L: Expanding the trade-in program, the potential for Consumer electronics consumption is expected to continue to be released.

Breakings09:13

BOCOM INTL: The old-for-new policy will seamlessly connect, and household appliances are expected to continue quality growth in 2025.

Benefiting from the support policy for exchanging old for new, the retail sales of categories with high energy efficiency ratings and Asia Vets have experienced more than double-digit year-on-year growth for four consecutive months, with the performance of smart products being exceptional.

Zhitong FinanceJan 9 14:57

Shenzhen has launched a new round of subsidies for replacing old Automobiles and home appliances with new ones.

The Shenzhen Municipal Bureau of Commerce announced that starting in 2025, a new round of Consumer subsidies for upgrading and replacing products will be implemented, covering home appliances, Automobiles, and electric bicycles, among others. This policy aims to promote the renewal of consumption and improve energy efficiency standards. The subsidy program will initially focus on home appliance products. According to regulations, consumers who purchase home appliance products that meet level 2 or higher energy efficiency standards will enjoy a subsidy of 15% of the sales price, while products with level 1 or higher energy efficiency will receive an additional 5% subsidy.

AASTOCKSJan 9 13:16

[Brokerage Focus] Citigroup indicates that the 2025 policy of 'trade-in for new' in China's home appliances will continue beyond expectations, maintaining a 'Buy' rating for Midea (00300) and others.

Jinwu Finance | Citibank's Research Reports indicate that on January 8, the National Development and Reform Commission and the Ministry of Finance jointly announced that the "old-for-new" program for consumer goods will continue to be implemented in 2025. This greatly alleviated investors' concerns regarding the sustainability of central government subsidy support. Citibank stated that the updated subsidy policy exceeded expectations, expanding the coverage to four new categories: Microwave, water purifiers, dishwashers, and Rice Cooker, bringing the total number of subsidized household appliance categories to 12. Additionally, the subsidy cap for Air Conditioner was increased, and individuals who enjoyed subsidies in 2024 can continue to receive subsidies when purchasing similar appliances in 2025. It is understood that the cutoff.

Jingwu Financial NewsJan 9 10:42 · Ratings