The “Fifteenth Five-Year Plan” for Urban Renewal defines 23 key tasks, involving cultivating and expanding new momentum for urban development, promoting the green and low-carbon transformation of urban development, and enhancing urban safety and resilience. During the “15th Five-Year Plan” period, it is estimated that an investment of 15 trillion yuan will be completed in urban renewal. First, government funding for urban renewal continues to increase. This year, the central budget invested 97 billion yuan in special urban renewal arrangements, and 160 billion yuan was earmarked for ultra-long-term special treasury bonds to support the construction of underground pipelines; secondly, social capital actively followed up. Social capital will actively participate in projects that can achieve stable returns through specialized operation, such as neighborhood, factory area, and park renewal. Bank credit, real estate trust investment funds, and asset securitization tools will further enrich funding sources; ordinary residents are also one of the main players. Old staircase houses are equipped with elevators, and dilapidated houses are independently renovated, demolished and rebuilt. “Who benefits and who invests”, and residents' independent investment is also essential.

The “Fifteenth Five-Year Plan” for Urban Renewal defines 23 key tasks, involving cultivating and expanding new momentum for urban development, promoting the green and low-carbon transformation of urban development, and enhancing urban safety and resilience. During the “15th Five-Year Plan” period, it is estimated that an investment of 15 trillion yuan will be completed in urban renewal. First, government funding for urban renewal continues to increase. This year, the central budget invested 97 billion yuan in special urban renewal arrangements, and 160 billion yuan was earmarked for ultra-long-term special treasury bonds to support the construction of underground pipelines; secondly, social capital actively followed up. Social capital will actively participate in projects that can achieve stable returns through specialized operation, such as neighborhood, factory area, and park renewal. Bank credit, real estate trust investment funds, and asset securitization tools will further enrich funding sources; ordinary residents are also one of the main players. Old staircase houses are equipped with elevators, and dilapidated houses are independently renovated, demolished and rebuilt. “Who benefits and who invests”, and residents' independent investment is also essential.