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Shanghai Municipal Commerce Commission and eight municipal departments on July 29 published implementation rules for the city’s 2026 consumer trade-in subsidy program. The rules grant a 15% subsidy, calculated on the final sale price after discounts,

2026-07-29

Shanghai Municipal Commerce Commission and eight municipal departments on July 29 published implementation rules for the city’s 2026 consumer trade-in subsidy program. The rules grant a 15% subsidy, calculated on the final sale price after discounts, for nine smart-home product categories: smart cleaning robots (including robot vacuums and window cleaners), smart toilets (including smart lids), smart beds (including smart mattresses), functional sofas (including massage chairs), smart range hoods, smart home gas stoves (including integrated stoves), digital cameras (including action cameras), smart water purifiers and smart dishwashers. Subsidies are limited to one unit per consumer per category and capped at 1,500 yuan per item. Separate provisions cover eldercare home products: smart walking aids (including electric wheelchairs and exoskeleton robots) and similar products receive a 20% subsidy on the final sale price after discounts, one unit per consumer per category, capped at 2,000 yuan per item.

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2026-07-29

Zhao Leji met Slovak president Pellegrini in Beijing on July 29. China said it will follow leaders’ consensus to deepen strategic mutual trust and expand high-quality cooperation on the Belt and Road, trade, artificial intelligence and new energy, an

Zhao Leji met Slovak president Pellegrini in Beijing on July 29. China said it will follow leaders’ consensus to deepen strategic mutual trust and expand high-quality cooperation on the Belt and Road, trade, artificial intelligence and new energy, and that the National People’s Congress will strengthen exchanges with Slovakia’s National Council on legislative and oversight experience to provide legal support for bilateral pragmatic cooperation.
2026-07-29

Hang Seng Index futures night session closed up 0.54% at 25,480, trading 169 points above the cash index.

Hang Seng Index futures night session closed up 0.54% at 25,480, trading 169 points above the cash index.
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