On July 26th, in the Hong Kong stock market, the commercial vehicle and truck concept stocks rose collectively. Among them, Sinotruk rose more than 13%, Weichai Power rose more than 10%, and China International Marine Containers rose nearly 4%. On the 25th, the National Development and Reform Commission and the Ministry of Finance jointly issued a notice clarifying that the National Development and Reform Commission will lead the arrangement of around 300 billion yuan of ultra-long-term special national debt funds to vigorously support large-scale equipment updates and consumer goods replacements. CITIC Securities released a report stating that compared to the previous series of policies on equipment updates and consumer goods replacements, this measure has a larger amount of funds, a clear source of funds, and a higher proportion of central investment. In addition, the subsidy amount for passenger vehicles to be replaced by old ones has doubled. It is expected that automobile sales will be significantly driven, and passenger vehicles, commercial vehicles, two-wheelers, and power battery sectors are expected to benefit comprehensively. According to the report, from the perspective of industries, the introduction of the policy of replacing old commercial vehicles with new ones for the first time in the commercial vehicle sector greatly exceeds market expectations; in terms of trucks, the document proposes to accelerate the update to low-emission trucks. For scrapped and updated eligible trucks, the subsidy is 0.08 million yuan per vehicle on average; for non-scrap updated eligible trucks, the subsidy is 0.035 million yuan per vehicle on average; for only scrapping old diesel trucks in operation in advance, the subsidy is 0.03 million yuan per vehicle on average. In addition, the document also proposed support for the replacement of old electric bicycles, which is expected to boost demand for two-wheelers.