The second batch of 62.5 billion yuan of ultra-long-term special government bonds to support consumer goods for the replacement of old with new has been issued recently this year.

In recent days, the National Development and Reform Commission, together with the Ministry of Finance, timely issued the second batch of 62.5 billion yuan of ultra-long-term special national debt funds to local governments to support the smooth and orderly implementation of the policy of replacing old consumer goods with new ones. Next, relevant departments will continue to guide local governments, properly grasp the work progress, optimize and improve the fund utilization plan, strengthen fund supervision, standardize subsidy application and fund review, improve subsidy payment efficiency, carry out special rectification on fraudulent subsidies, and continuously enhance the efficiency of policy implementation.