Government Consumer Subsidy Program Continuation Confirmed: New Round of Fourth Batch Subsidies to Be Distributed in October, Application Methods and Guidelines Overview

Deep News
09/29

A new round of national fiscal subsidies totaling 69 billion yuan will officially launch in October 2025, covering automobiles, home appliances, agricultural machinery, and green building materials. This subsidy program represents the largest consumer support policy since the pandemic and the final wave of substantial benefits before the end of 2025, with a deadline of December 31, 24:00. The remaining 138 billion yuan in national subsidies for the year has simultaneously opened application windows, with only 92 days remaining.

The program will run through major shopping festivals including Double 11 and Double 12, continuing until the end of 2025. Missing this opportunity means waiting two years for the next round.

**Key Application Methods for Latest Subsidies:**

For home appliances and furniture subsidy eligibility: Search "家电588" on JD.com APP for up to 2,000 yuan direct discounts. For mobile phones and digital products: Search "数码588" or "手机588" on JD.com APP for up to 500 yuan subsidies. For JD.com comprehensive category red envelopes: Search "国补红包588" for daily red envelopes up to 1,888 yuan, continuing until August 31.

**Policy Framework: Substantial Subsidy Foundation**

This subsidy program is not short-term stimulus but a core component of the "Two New" policy (equipment upgrades and consumer goods trade-ins), funded by 300 billion yuan in ultra-long-term special government bonds, with 150 billion yuan specifically allocated to consumer goods trade-in programs.

Compared to previous years, the 2025 policy achieves three major upgrades: - Expanded scope: Home appliances increased from 8 to 12 categories, adding water purifiers and robotic vacuum cleaners; mobile phones and digital products included in subsidies for the first time - Enhanced intensity: Level-1 energy efficiency appliances receive 20% subsidies (15% for Level-2), new energy vehicle trade-ins up to 20,000 yuan, doubling 2024 standards

As of September, the first two batches totaling 162 billion yuan have been exhausted, with the third batch of 69 billion yuan facing tight remaining quotas.

**Comprehensive Category Subsidy Strategy**

**Core Category Subsidy Rates:** - Level-1 energy efficiency appliances: 20% of selling price, maximum 2,000 yuan per item - Level-2 energy efficiency appliances: 15% of selling price, maximum 1,500 yuan per item - Mobile phones and digital products: 15% of selling price, maximum 500 yuan per item - New energy vehicle trade-ins: Up to 20,000 yuan for scrapping old vehicles - Home renovation materials: 15%-20% subsidies, maximum 2,000 yuan per item

**Application Channels and Regional Strategies:**

Online and offline dual channels are fully operational, with significant regional distribution timing differences:

**Online Main Platform:** JD.com APP serves as the primary entry point with search terms for different product categories.

**Regional Distribution Characteristics:** - Rush-type: Shandong (9 AM), Jiangsu (10 AM), Guangdong (11 AM) quotas often sell out instantly - Staggered-type: Fujian (9 AM, 3 PM), Zhejiang (10 AM, 8 PM) use time-segment distribution - Concentrated-type: Sichuan (Fridays), Guizhou (Saturdays 10:30 AM) release quotas in concentrated periods - Lottery-type: Shanghai and Anhui require registration through cloud payment platforms

**Important Considerations and Risk Prevention:**

**Qualification Verification:** Invoices must be issued under individual names; corporate invoices cannot pass subsidy review. Trade-in applications require device SN codes for old appliances and scrapping certificates for vehicles.

**Time Limits:** Vehicle subsidy materials must be submitted by January 10, 2026. Various subsidy qualification vouchers typically expire within 48 hours of receipt.

**Risk Prevention:** Third-party rush services are officially prohibited and may result in loss of subsidy eligibility.

**Consumer Decision Priority Framework:**

For essential household needs: Level-1 energy efficiency air conditioners and refrigerators offer dual savings through maximum 2,000 yuan subsidies plus annual electricity cost savings of 300-500 yuan.

For upgrade requirements: New energy vehicle trade-ins suit users with vehicles over 8 years old, particularly those scrapping National III or lower emission standard vehicles.

**Final Window Period Analysis:**

The third batch has only scattered remaining quotas, while the fourth batch funding arrives in October. Historical data shows that during 2024's Double 11, Level-1 energy efficiency air conditioners had 15-day restocking cycles, and new energy vehicles required 1-2 month delivery waiting periods.

For immediate-need users, a "phased action" strategy is recommended: secure appliance subsidies now to lock in popular models, then combine with Double 11 platform discounts for digital products in late October.

This year-long subsidy program is nearing its conclusion, with the policy explicitly ending on December 31, 2025, and future support policies remaining uncertain.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10