On July 15, 2024, the National Development and Reform Commission and Ministry of Finance jointly issued Several Measures to Strengthen Support for Large-scale Equipment Renewal and Consumer Goods Trade-in, clarifying that 150 billion yuan ultra-long-term special treasury bonds will be specially used for old elevator renovation, implemented nationwide from 2024 to 2027. Policy core: First, support scope, priority covering residential elevators over 15 years, high-fault elevators registered before 2009, taking into account old elevators over 20 years, including elevators in public institutions and public places; Second, subsidy standard, maximum subsidy of 150,000 yuan per renewed elevator, 50,000 yuan for renovated elevator, funds jointly borne by treasury bonds, local finance, residents' maintenance fund / provident fund, social capital; Third, implementation mechanism, simplified approval, declared by unit, promoted "government + social capital" model, supported third-party advance payment, zero-down payment elevator selection; Fourth, technical requirements, renewed elevators must comply with latest GB 7588, GB/T 42615 standards, meet safety, green, intelligent requirements, warranty period not less than 5 years; Fifth, target task, complete renovation of over 160,000 old elevators nationwide by end of 2027, basically eliminate elevators with prominent safety hazards. The policy leverages over 200 billion yuan of local supporting funds, comprehensively accelerating elevator industry renewal.