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The government has been acting as an important role in the electronic waste recycling.This paper focuses on how the replacement-subsidy program influences e-waste recycling in China.After introducing the inform e-waste recycling in China, the paper analyzes the list of the enterprises that win the tenders and classified the enterprises into five categories: retailer, retailer&collector, collector, collector&recycler and recycler.The implementation of the replacement-subsidy program promote that the formal recycling replaces the informal recycling.According to the situations in different areas, the paper summarized six formal models of e-waste recycling.