The Ministry of Commerce and the Ministry of Finance announced on the 26th the "Memorandum of Practice for Automobile Trade-in (Exposure Draft)", which specifies the scope and standards of subsidies for vehicle replacement, the procedures for the retirement of vehicles, the application, review, and issuance of subsidies, and publicly solicit opinions.

The draft of the Opinions proposes that the range of the trade-in subsidies for vehicles from June 1st, 2009 to May 31st, 2010 shall be sold to the designated scrap vehicle recycling and dismantling enterprises established according to law, and redeem the purchase of new cars. : Older mini-vehicles less than eight years old, old and medium-sized passenger-carrying vehicles; old and light-duty trucks less than 12 years old; old medium-sized passenger cars less than 12 years old (excluding Taxi); various types of "yellow-marked vehicles" that are scrapped in advance, compared with those specified in the "Use Age Limit Table for Automobile Scraping Standards".