936 billion yuan! The first batch of ultra-long-term special national bonds to support equipment update funds for 2026 has been allocated.

The National Development and Reform Commission announced on January 22nd that the first batch of 936 billion yuan of ultra-long-term special national bonds to support equipment updating funds for 2026 has been issued. These funds will support around 4,500 projects in industries such as industry, energy and electricity, education, healthcare, grain and oil processing, customs inspection, old residential elevators, energy conservation, carbon reduction, environmental protection, recycling, and more, with a total investment exceeding 460 billion yuan. At the same time, funds will also be directly allocated to localities to continue supporting the scrapping and updating of old operating trucks, the updating of new energy urban buses, and the scrapping and updating of old agricultural machinery. Since the beginning of this year, the National Development and Reform Commission has been implementing the decisions of the Party Central Committee and the State Council, optimizing the implementation of policies related to "two new" initiatives. Building on the solid planning and reserve work for equipment updating projects in the previous period, efforts have been made to expedite project applications, rigorously conduct reviews, and accelerate the implementation of equipment updating policies. In the next steps, the National Development and Reform Commission will work with relevant parties to continue coordinating and tracking, strengthen the full-chain management of equipment updating projects and funds, solidly promote project construction, accelerate the improvement of fund utilization efficiency, and further enhance the effectiveness of the "two new" policies. This article is compiled from the official website of the National Development and Reform Commission. Editor: Feng Qiuyi.