B[Henan: Optimizing the implementation of local independent category subsidy activities for consumer goods trade-in in 2026] October 27th, according to the Henan Provincial Development and Reform Commission website on October 27, the Henan Provincial Department of Commerce and other departments jointly issued the "Announcement on Optimizing the Implementation of Local Independent Category Subsidy Activities for Consumer Goods Trade-in in 2026". On the basis of retaining the original independent subsidy categories, it will further highlight intelligent products and continue to release the potential of smart consumption. From the date of the announcement to December 31, it will be implemented in accordance with the principle of "provincial level coordination, total quantity control, first come, first served, until all supplies are used up." In terms of subsidy categories, they include smart cleaning robots (including floor sweepers and window cleaning robots), smart clothes dryers (including smart shoe washers), digital cameras (including action cameras, consumer-grade drones), smart water purifiers (including direct drinking machines and pipeline machines), smart dishwashers, smart stoves (including integrated stoves), smart range hoods, smart door locks, smart micro-steaming and baking machines (including steamers and ovens), and smart toilets (including smart toilet seats). Products participating in subsidy activities must have 69 codes and SN codes; products with energy efficiency or water efficiency standards must have Level 1 energy efficiency or water efficiency standards. The subsidy standard is 15% of the final sales price of the product (after excluding all discounts), and the subsidy for each item shall not exceed 1,500 yuan. Each consumer can subsidize 1 piece of each type of product within the province. B[Henan: Optimizing the implementation of local independent category subsidy activities for consumer goods trade-in in 2026] On October 27, the Henan Provincial Department of Commerce and other departments jointly issued the "Announcement on Optimizing the Implementation of Local Independent Category Subsidy Activities for Consumer Goods Trade-in in 2026". On the basis of retaining the original independent subsidy categories, it will further highlight intelligent products and continue to release the potential of smart consumption. From the date of the announcement to December 31, 2026, it will be implemented in accordance with the principle of "provincial level coordination, total quantity control, first come, first served, until all supplies are used up". All localities and cities are responsible for the specific organization and implementation. Subsidy categories include smart cleaning robots (including floor sweepers and window cleaning robots), smart clothes dryers (including smart shoe washers), digital cameras (including action cameras, consumer drones), smart water purifiers (including direct drinking machines and pipeline machines), smart dishwashers, smart stoves (including integrated stoves), smart range hoods, smart door locks, smart micro-steaming and baking machines (including steamers and ovens), and smart toilets (including smart toilet seats). Products participating in subsidy activities must have 69 codes and SN codes; products with energy efficiency or water efficiency standards must have Level 1 energy efficiency or water efficiency standards. The subsidy standard is 15% of the final sales price of the product (after excluding all discounts), with each subsidy not exceeding 1,500 yuan. Each consumer can subsidize 1 piece of each type of product within the province. A[Overnight global news you need to know on Wednesday: The Nasdaq and S&P 500 hit new closing highs; the Houthis said they had thwarted multiple Saudi attacks; Paramount completed its $110 billion acquisition of Warner Bros. Discovery]
1. The Houthi armed forces in Yemen issued a statement on October 6, local time, saying that they had thwarted Saudi Arabia’s repeated attempts to build up forces toward the Bab el-Mandeb Strait and forced it to retreat.
2. U.S. President Trump said that the conflict between Russia and Ukraine is getting closer to an end.
3. On the night of the 6th local time, at least two explosions and the sound of fighter jets flying over were heard in Sanaa, the capital of Yemen. According to news from the Houthi armed forces, on the night of the 6th, Saudi Arabia launched air strikes in Sanaa, Amran Province, Jawf Province and Saada Province in Yemen.
4. The three major U.S. stock indexes collectively closed higher. The Dow rose 0.49%, the Nasdaq rose 0.45%, and the S&P 500 rose 0.58%. The Nasdaq and S&P 500 hit new closing highs.
5. Fed Daley said further tightening of policy may be needed, expressing concern that artificial intelligence, tariffs and energy costs may last longer. These factors may cause inflation to remain high, and the Fed may see the impact weaken within 1-3 years.
6. Apple will launch smart doorbells, smart door locks and smart thermostats jointly developed with LG.
7. Anthropic is working with the U.S. government to expand access to its most advanced AI models, allowing a select group of agencies to test the startup’s cutting-edge cyber capabilities.
8. On Tuesday local time, Paramount Skydance completed its $110 billion acquisition of Warner Bros. Discovery (WBD). The new company after the merger was officially named "Skydance"
9. The China Seismological Network officially determined that at 2:34 on October 7, a magnitude 5.5 earthquake occurred in Alaska, USA (58.85 degrees north latitude, 153.60 degrees west longitude), with a focal depth of 80 kilometers.
10. The winning bid rate for U.S. 3-year Treasury bonds was 4.932%, the highest auction yield since 2006.
11. FTSE Russell stated that it will continue to monitor the settlement capital requirements of the Korean market and will continue to pay attention to the progress of Korean short-selling, settlement and market warning mechanisms.
12. The U.S. trade deficit in August was US$105.6 billion, and the expected deficit was US$102 billion. The previous value was revised from a deficit of US$88.6 billion to a deficit of US$92.8 billion.
13. The U.S. Energy Information Administration predicts that the price of WTI crude oil in 2026 will be US$88.21/barrel and the price of Brent crude oil will be US$96.32/barrel.
14. According to a survey of participants by the London Bullion Market Association (LBMA), the price of gold is expected to reach US$5,013 per ounce within one year.
15. COMEX gold futures closed up 0.86% at US$4,192.7 per ounce; COMEX silver futures rose by 0.65% at US$61.7 per ounce. B[The purchase subsidy for trade-in smart homes in Zhejiang Province will be implemented from now on, with a maximum subsidy of 1,500 yuan per item] On September 30, it was learned from the Zhejiang Provincial Department of Commerce that from now until December 31, the 2026 trade-in smart home purchase subsidy for consumer goods will be carried out throughout the province. Individual consumers who purchase 10 categories of smart home products can enjoy subsidies at 15% of the final transaction price, with a maximum subsidy of 1,500 yuan per item. This subsidy covers 10 categories of smart home products, and the products must have at least one smart function. Specifically, they include: smart door locks (including smart cameras), smart humidifiers/dehumidifiers (including smart air purifiers), smart sweepers/floor scrubbers (including smart window cleaning robots), smart range hoods, smart gas stoves/integrated stoves, smart dishwashers (including disinfection cabinets), smart toilets (including toilet seats), smart cameras (including action cameras), smart beds/mattresses (including massage chairs and sofas), and smart microwave ovens (including micro-steaming and baking machines). (Chao News)
— All loaded —
