80 billion yuan! The National Development and Reform Commission strongly supports urban renewal!

The National Development and Reform Commission recently Issue a special allocation of central budget investment for urban renewal. 80 billion yuan Supports the renovation of old residential communities in towns and cities across various regions, as well as projects for the renovation of dilapidated and dangerous urban housing, involving approximately [number of households] resident households. 5.5 million households, benefiting approximately 17 million people, are helping to improve residents’ living conditions and continuously enhance the people’s sense of gain, happiness, and security.

Previously, efforts to advance the new urbanization strategy and enhance the safety and resilience of cities have already been undertaken through... "Double Construction" Arrangement In 2025, special ultra-long-term government bonds totaling 135 billion yuan will be issued to support the construction and renovation of underground pipeline networks—including city gas, drainage, water supply, and heating—across various regions, covering approximately 148,000 kilometers. 。 At the same time, we will continue to improve investment and financing models as well as operation, maintenance, and management mechanisms, further enhancing the operational efficiency and safety standards of urban underground pipe networks.

This year In early May, the General Office of the CPC Central Committee and the General Office of the State Council issued the “Opinions on Continuously Promoting Urban Renewal Actions” (hereinafter referred to as the “Opinions”), which set forth the goal that by 2030, significant progress will have been made in the implementation of urban renewal actions; the institutional mechanisms for urban renewal will continue to be refined; the transformation of urban development and construction approaches will begin to yield results; the foundation for safe development will become more solid; service efficiency will keep improving; living environments will see marked improvements; economic models will become more diversified; cultural heritage will be effectively protected; distinctive urban features will be more prominently highlighted; and cities will become spaces where people can enjoy a high-quality life.

After the release of the “Opinions,” a relevant official from the National Development and Reform Commission publicly stated that the NDRC will coordinate funds from various channels and actively support the construction of urban renewal projects.

Specifically, it includes three aspects:

First, steadily and orderly advance the implementation of key urban renewal projects. Prioritize the implementation of foundational projects such as upgrading the safety of urban underground pipelines and networks that are critical to public safety and people’s livelihoods, renovating aging residential areas to make them more livable, comprehensively upgrading urban villages, and safely upgrading municipal infrastructure.

Second, continue to significantly increase the intensity of central government investment support. This year, the central government has established a special fund within the budget for urban renewal, providing support for the construction of public-benefit infrastructure and public service facilities related to urban renewal.

Third, actively promote innovation in investment and financing models. Urban renewal projects require substantial investment, and government funding alone is far from sufficient. It is essential to establish a diversified, multi-tiered financing mechanism. For projects that demonstrate strong innovation in their investment and financing models and serve as excellent examples, central government investment will be given priority support.

In addition, regarding financial support, the Financial Regulatory Administration revealed that it is developing a specialized set of guidelines for loan management for urban renewal projects.

Meanwhile, the General Administration of Financial Regulation will guide financial institutions to gain a deeper understanding of the intrinsic logic behind urban renewal initiatives, accurately grasp their new characteristics and requirements, and, in accordance with the principles of compliance with laws and regulations, controllable risks, and commercial sustainability, actively provide a wide range of tailored financial products and services for urban renewal efforts, thereby meeting the financial needs of various stakeholders, different projects, distinct phases, and diverse stages.