(Source: China Government Procurement Report)

Notice on Amending the “Interim Measures for the Management of Energy Conservation and Emission Reduction Subsidy Funds”

CaiJian [2026] No. 16

Finance Departments (Bureaus) of Provinces, Autonomous Regions, Municipalities Directly Under the Central Government, and Planning-Only Cities:

In accordance with the requirements of the “Budget Law of the People’s Republic of China,” the following amendments are made to the “Notice from the Ministry of Finance on Amending the ‘Interim Measures for the Management of Energy Conservation and Emission Reduction Subsidy Funds’” (CaiJian [2020] No. 10) and the “Notice from the Ministry of Finance on Amending the ‘Interim Measures for the Management of Energy Conservation and Emission Reduction Subsidy Funds’” (CaiJian [2023] No. 58):

1. The phrase “implementation period until 2025” in Article 2 is changed to “implementation period until 2030.”

2. Article 3 is revised to: “Key support areas for energy conservation and emission reduction subsidy funds include: (1) Settlement of subsidies for new energy vehicle promotion and application, which ended policy implementation at the end of 2022, with settlement period until 2026; (2) Pilot projects to address shortfalls in county-level charging and swapping infrastructure, with policy implementation from 2024 to 2026; (3) Settlement of fuel cell vehicle demonstration application awards, which ended policy implementation at the end of 2025, with settlement period until 2027; (4) Hydrogen energy comprehensive application pilot, with policy implementation from 2026 to 2028; (5) Relevant expenditures approved by the State Council. After the expiration of the expenditure scope for energy conservation and emission reduction subsidy funds, the Ministry of Finance, together with industry authorities, will evaluate based on relevant State Council regulations and industry development needs, and determine whether to continue implementation based on the evaluation results. After the policy implementation period ends, settlement work shall be carried out according to procedures.”

3. The removal of Article 9: “Support shall be provided in accordance with Article 4 of the ‘Notice from the Ministry of Finance on Printing and Distributing the Interim Measures for the Management of Energy Conservation and Emission Reduction Subsidy Funds’ (CaiJian [2015] No. 161).”

4. Article 11 is revised to: “All levels of financial departments, relevant industry authorities, and their staff, in work related to fund allocation, issuance, and management, shall be held accountable for violations of this method, including abuse of power, dereliction of duty, and favoritism. Criminal liability shall be pursued if crimes are involved. Units and individuals involved in illegal or irregular activities during fund application and use shall be held responsible in accordance with the ‘Budget Law of the People’s Republic of China,’ its implementing regulations, the ‘Regulations on Penalties for Financial Violations,’ and other relevant national regulations. Criminal liability shall be pursued if applicable.”

5. Article 13 is revised to: “This method shall come into force from the date of issuance. The ‘Notice from the Ministry of Finance on Amending the ‘Interim Measures for the Management of Energy Conservation and Emission Reduction Subsidy Funds’’ (CaiJian [2020] No. 10) and the ‘Notice from the Ministry of Finance on Amending the ‘Interim Measures for the Management of Energy Conservation and Emission Reduction Subsidy Funds’’ (CaiJian [2023] No. 58) are hereby repealed simultaneously.”

This notice shall be effective from the date of issuance.

The “Interim Measures for the Management of Energy Conservation and Emission Reduction Subsidy Funds” are amended accordingly and reissued.

Ministry of Finance

February 14, 2026

Attachment

Interim Measures for the Management of Energy Conservation and Emission Reduction Subsidy Funds

Article 1 To standardize and strengthen the management of energy conservation and emission reduction subsidy funds, and improve the efficiency of fiscal fund utilization, this method is formulated in accordance with the “Budget Law of the People’s Republic of China,” the “Energy Conservation Law of the People’s Republic of China,” and other relevant laws and regulations, as well as the specific requirements of the Third Plenary Session of the 18th Central Committee on deepening fiscal and tax system reform.

Article 2 The term “energy conservation and emission reduction subsidy funds” refers to subsidy funds arranged through the central government budget to support energy conservation and emission reduction efforts. These funds are managed under the transfer payment system of shared fiscal powers, with an implementation period until 2030.

Article 3 The key support areas for energy conservation and emission reduction subsidy funds include:

(1) Settlement of subsidies for new energy vehicle promotion and application, which ended policy implementation at the end of 2022, with settlement period until 2026;

(2) Pilot projects to address shortfalls in county-level charging and swapping infrastructure, with policy implementation from 2024 to 2026;

(3) Settlement of fuel cell vehicle demonstration application awards, which ended policy implementation at the end of 2025, with settlement period until 2027;

(4) Hydrogen energy comprehensive application pilot, with policy implementation from 2026 to 2028;

(5) Relevant expenditures approved by the State Council.

After the expiration of the expenditure scope, the Ministry of Finance, together with industry authorities, will evaluate based on relevant State Council regulations and industry development needs, and decide whether to continue implementation based on the evaluation results. After the policy period ends, settlement work shall be carried out according to procedures.

Article 4 The allocation of energy conservation and emission reduction subsidy funds shall consider energy conservation and emission reduction goals, investment costs, effectiveness, and the level of comprehensive energy resource utilization, mainly through subsidies, reward substitutes, interest subsidies, and actual cost settlement.

Article 5 The entire process of subsidy implementation shall be subject to performance management. When applying for funds, performance targets shall be reported simultaneously; during execution, performance monitoring shall be conducted; at the end of each year, self-evaluation shall be performed; external performance evaluations shall be conducted regularly; evaluation results shall be applied actively; information shall be made public; and social supervision shall be accepted proactively.

Article 6 The Ministry of Finance shall allocate funds to local governments or include them in the central department budget based on project tasks and characteristics. Local regulatory authorities shall supervise the use of energy conservation and emission reduction subsidy funds within their jurisdiction according to their responsibilities and the requirements of the Ministry of Finance. When local governments apply for funds or the central finance allocates budgets, they shall simultaneously copy the local regulatory authorities.

Article 7 During project implementation, if significant changes in environment or conditions require adjustments, reports shall be submitted to the Ministry of Finance and relevant departments according to procedures, and execution shall proceed after approval.

Article 8 Fund payments shall follow the relevant regulations of the national treasury centralized payment system. For government procurement, relevant laws and regulations shall be followed. Unused or carried-over funds shall be managed according to budget management regulations.

Article 9 The Ministry of Finance, together with relevant departments, shall supervise and evaluate the use of energy conservation and emission reduction subsidy funds.

Article 10 All levels of financial departments, relevant industry authorities, and their staff, in work related to fund distribution, issuance, and management, shall be held accountable for violations of this method, including abuse of power, dereliction of duty, and favoritism. Criminal liability shall be pursued if crimes are involved. Units and individuals involved in illegal or irregular activities during fund application and use shall be held responsible in accordance with the “Budget Law of the People’s Republic of China,” its implementing regulations, the “Regulations on Penalties for Financial Violations,” and other relevant national regulations. Criminal liability shall be pursued if applicable.

Article 11 The Ministry of Finance shall be responsible for the interpretation of this method.

Article 12 This method shall come into effect from the date of issuance. The “Notice from the Ministry of Finance on Amending the ‘Interim Measures for the Management of Energy Conservation and Emission Reduction Subsidy Funds’” (CaiJian [2020] No. 10) and the “Notice from the Ministry of Finance on Amending the ‘Interim Measures for the Management of Energy Conservation and Emission Reduction Subsidy Funds’” (CaiJian [2023] No. 58) are hereby repealed simultaneously.