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Shenzhen: Up to RMB2,000 Subsidy for Individuals Buying Home Appliances, Digital Products
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To implement China’s 2025 trade-in policy, the Shenzhen Commerce Bureau and other departments issued the “Key Points of Shenzhen’s 2025 Commerce and Investment Promotion Support Policies” notice. The policy offers individual consumers subsidies of up to RMB2,000 for purchasing home appliances and digital products, based on selling prices. To promote the trade-in of electric bicycles, a one-time subsidy of RMB500 will be provided for replacements. On the retail growth incentive front, businesses will receive RMB500,000 for every RMB100 million increase in retail sales, with a maximum reward of RMB10 million. The policy also includes tiered rewards for existing wholesale, retail, and catering enterprises that meet eligibility criteria. Besides, Shenzhen is planning the “2025 Shenzhen Shopping Season”, supporting companies to organize a series of consumption-boosting events. Fiscal funding will be allocated to cover costs, aiming to establish a distinctive city-brand for consumption promotion, with over 1,500 key consumption events scheduled throughout the year. AAStocks Financial News |
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