Ministry of Housing and Construction: China's real estate has entered an era of stock, sales of existing homes are the general trend

The Zhitong Finance App learned that on September 18, the Information Office of the State Council held a press conference on the theme of “Getting Started with the 15th Five-Year Plan” series. Chen Shaowang, press spokesperson and vice-minister of the Ministry of Housing and Urban-Rural Development, introduced the situation relating to promoting high-quality development of housing, urban and rural construction during the “15th Five-Year Plan” period and answered questions from reporters. A relevant person in charge of the Ministry of Housing, Urban-Rural Development explained that currently, there are “two transformations” in the real estate market. One is that the relationship between supply and demand in the real estate market has changed significantly; the other is that real estate has entered the inventory era. The share of second-hand housing transactions has increased from 27% in 2020 to 46% in 2025. It has already reached 52% in the first 8 months of this year, and more than 50% marks the entry into the inventory era.

During the “15th Five-Year Plan” period, the Ministry of Housing, Urban-Rural Development will actively adapt to the new situation and changes in real estate, coordinate risk prevention and promote transformation, coordinate the benefits of people's livelihood and steady growth, accelerate the construction of a new model of real estate development, improve the housing system combining multi-agent supply, multi-channel guarantee, and rental and purchase, and promote high-quality real estate development.

Regarding commercial housing sales, the Ministry of Housing and Construction stated that it will promote the existing housing sales system, solve the problem of “one hand pay, one hand over the house” in project sales, achieve “what you see is what you get”, and fundamentally prevent delivery risks. Sales of existing homes are the general trend. Judging from data from the National Bureau of Statistics, the sales area of existing homes has maintained positive growth in recent years, and its share of the sales area of new homes is increasing year by year. Priority is given to the sale of existing homes for new projects, and the land, finance, tax and other support policies for the project are used in an integrated manner; where pre-sales are implemented, the supervision of pre-sale funds is improved to effectively safeguard the legitimate rights and interests of buyers.

In real estate financing, the main thing is to implement a host bank system to solve the problem of who will provide project financing. A project determines a bank or syndicate as its host bank. All funds for project development, construction, and sales must be deposited into the host bank, and the host bank provides project financing services to meet the reasonable financing requirements of the project. The project company and the host bank implement a dual choice. The bank selects the project company on the basis of independent research and judgment of the project conditions, while the project company selects the host bank based on financing service requirements, thus forming a mechanism for sharing interests and risks between the host bank and the project company.

The transcript is as follows:

Zhou Jianshe, Deputy Director of the Information Bureau and press spokesman of the Information Office of the State Council:

Good morning, ladies and gentlemen! Welcome to the press conference of the Information Office of the State Council. Today, we will continue to hold press conferences on the theme of the “Getting Started” series. We invite Mr. Chen Shaowang, press spokesperson and vice-minister of the Ministry of Housing and Urban-Rural Development, to brief everyone on the situation relating to promoting high-quality development of housing, urban and rural construction during the “15th Five-Year Plan” period, and to answer everyone's concerns. Also attending today's press conference were Mr. Li Xiaolong, Chief Engineer of the Ministry of Housing and Urban-Rural Development; Mr. Zhang Xuetao, Director of the Real Estate Market Supervision Department; and Mr. Zhang Qiang, Director of the Urban Management and Supervision Bureau.

Now let's ask Mr. Chan Siu-wang to give an introduction.

Chen Shaowang, press spokesman and vice-minister of the Ministry of Housing and Urban-Rural Development:

Thank you to the host. Good morning, ladies and gentlemen, media friends! I am very happy to attend today's press conference to introduce you to the situation relating to the high-quality development of housing, urban and rural construction during the “15th Five-Year Plan” period, and I am very willing to answer questions raised by everyone. On behalf of the Ministry of Housing and Urban-Rural Development, I would like to take this opportunity to express my sincere thanks to all the news media, reporters and friends who have been concerned about supporting the development of housing, urban and rural construction for a long time.

Housing, urban and rural construction is linked to people's livelihood on the one hand and development on the other. During the “14th Five-Year Plan” period, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at the core, the high-quality development of housing, urban and rural construction projects achieved remarkable results. It can be summed up as “five further steps.” First, people's housing conditions have been further improved. More than 11 million affordable housing units and housing units have benefited more than 30 million people, and more than 1.78 million rural low-income households have been remodeled in dilapidated housing. Second, the quality of the urban living environment has been further improved. The renovation of more than 240,000 old urban neighborhoods has benefited more than 110 million people, dark and smelly urban water bodies have basically been eliminated, and garbage sorting in urban residential areas at prefectural level and above has basically achieved full coverage. Third, the level of protection and inheritance of urban and rural history and culture has been further improved. The number of national-level historical and cultural cities has reached 143, 312 famous towns, 487 famous villages, and 8,155 traditional Chinese villages. Fourth, the transformation and development of the construction industry has been further accelerated, new construction methods such as green construction and intelligent construction have been developed at an accelerated pace, and “Made in China” continues to change the face of China. Fifth, international exchanges and cooperation have been further deepened, a home event for World Cities Day was held, the Shanghai Prize was set up, China's national report on implementation of the United Nations “New Urban Agenda” was released, and a conference of ministers of construction between China and ASEAN, Central Asia, and the Arab States was held. The international circle of friends in the field of human settlements was constantly expanding. These all laid a solid foundation for the sustainable development of the housing and construction industry during the “15th Five-Year Plan” period.

Next, I will briefly introduce the new situation facing the housing and construction industry during the “15th Five-Year Plan”. The housing and construction business mainly includes three major sectors: urban and rural construction, housing and real estate, and construction. All three sectors are in a critical period of transformation and development. Summarized, they are “two shifts, two transformations, and three transformation”. The “two shifts” refer to the urban and rural construction sector, which means that urbanization is shifting from a period of rapid growth to a period of stable development, and urban development is shifting from a stage of large-scale incremental expansion to a stage where stock quality and efficiency is the main focus; “two transformations” refer to the housing and real estate sector. One is a major change in the supply and demand relationship in the real estate market, and the other is the entry of real estate into an era of stock; the “three transformation” refers to the construction industry sector, that is, the transformation of the construction industry to intelligence, greening, and integration.

The new situation is facing new opportunities and challenges. The “Proposal” of the Fourth Plenary Session of the 20th CPC Central Committee and the “Outline” of the National “15th Five-Year Plan” have clarified a series of key tasks for high-quality development of the housing and construction industry. We will resolutely implement the decisions and arrangements of the Party Central Committee and the State Council, firmly establish and implement a correct view of political performance, adhere to the people's position, insist on thinking clearly, and stick to professionalism and dedication. During the “15th Five-Year Plan” period, efforts were made to achieve goals in five areas. First, important progress has been made in the construction of modern people's cities; second, people's living standards have been improved; third, remarkable results have been achieved in upgrading the construction industry; fourth, global influence in the field of human settlements has increased markedly; and fifth, the foundation for high-quality development has been fully consolidated.

Let me give you a brief introduction to these, but my colleagues and I would like to answer your questions below.

Zhou Jianshe:

Thank you, Vice Minister Chen Shaowang, for the introduction. Now, please raise your hands and ask your news agency before asking questions.

CCTV Reporter from China Central Radio and Television:

As mentioned earlier, it is necessary to achieve five goals for high-quality development of the housing and construction industry during the “15th Five-Year Plan” period. In order to achieve these goals, what specific measures will be taken to promote implementation next? Thank you.

Chen Shaowang:

Thank you for your question, I'll answer that question. The five-pronged goal is a grand blueprint for the Ministry of Housing and Construction to implement the decisions and arrangements of the Party Central Committee and the State Council during the “15th Five-Year Plan” period and promote high-quality development of the housing and construction industry. Below, I'll briefly discuss the considerations for achieving these goals.

First, in terms of building modern people's cities. The key is to implement the spirit of the Central City Work Conference. We will fully implement the concept of people's cities, adhere to the contextual development of cities, grasp the five important principles, and implement the important tasks of “one optimization, six major constructions”. The focus is on the four “highs”: carrying out urban renewal with high quality, promoting urban governance with high efficiency, building civilized cities with high standards, promoting integrated urban and rural development at a high level, and embarking on a new path of modernizing cities with Chinese characteristics, so that people can live more conveniently, more comfortably, and more beautiful in the city.

Second, in terms of improving people's living standards. The key is to build a “good house.” What kind of “good house” to build? Safe, comfortable, green and smart. How to build a “good house”? It is to advance the entire life cycle of the whole chain based on good standards, good design, good materials, good construction, and good luck maintenance. What are “good standards”? We believe that a standard that people think is a good standard is a good standard. The Ministry of Housing and Construction has always insisted on putting the people at the center, listening carefully to the opinions of the public on improving living conditions, and improving housing quality requirements in 14 areas. For example, in response to the problem of low floors reported by the public, we raised the floor height standard from 2 meters 8 to 3 meters; in order to solve the problem of elderly people going up and down the stairs, the new standard suggests that elevators must be installed in homes with 4 floors and above; in response to child safety protection issues, the height of all empty areas such as balconies and verandas will be uniformly raised to no less than 1 meter 2.

Third, in terms of promoting the upgrading of the construction industry. The key is to provide high quality construction products. We will deepen the reform of the construction industry, strengthen quality and safety supervision, standardize the order of the construction market, and vigorously rectify the problem of bidding chaos and arrears in project payments. Cultivate and expand new quality productivity in the construction industry, develop new construction methods such as green construction and intelligent construction, and improve the modern construction industry chain. Accelerate the pace of “going global” so that “Made in China” can better help the development of the global human settlements industry.

Fourth, the aspect of enhancing the global influence of the human settlements sector. The key is to implement the “Four Global Initiatives.” We will deepen cooperation with international organizations such as UN-HABITAT, continue to enhance international influence such as “World Cities Day” and “Shanghai Awards”, and use many bilateral exchange platforms and dialogue mechanisms to promote practical cooperation in fields such as construction technology, green and low-carbon construction, and the construction of new urban areas. Here's an advertisement: Recently, we will co-host two global home events with UN-HABITAT. On the 20th of this month, the “World Cleanup Day” global home event will be held in Shaoxing, Zhejiang Province, and the “World Cities Day” global home event will be held in Fuzhou, Fujian Province on October 31. All media friends are welcome to fully report and actively disseminate it.

Fifth, consolidate the basic support aspect for high-quality development. The key is to lay the foundation and provide strong support. Improve regulations, standards, and statistical systems, and strengthen scientific and technological empowerment and informatization construction. For example, there are broad application scenarios for digital intelligence in urban and rural housing construction. We have formulated a “digital smart housing and construction” development work plan for the “15th Five-Year Plan” period to promote the application of next-generation information technology such as artificial intelligence in smart cities, intelligent construction, and smart homes.

I'll just answer these in a nutshell, thank you.

Zhejiang Daily Chao News Reporter:

A “good house” carries the yearning of thousands of households for a better life, and all sectors of society are looking forward to it. What other considerations and plans does the Ministry of Housing and Construction have in promoting the construction of “good houses”? Thank you.

Chen Shaowang:

Thank you for your question. I ask Chief Engineer Li Xiaolong to answer this question.

Li Xiaolong, Chief Engineer of the Ministry of Housing and Urban-Rural Development:

Thank you for your question. A secure home is the foundation of people's lives. After several years of hard work, the construction of a “good house” has become deeply entrenched in the hearts of the people. During the “15th Five-Year Plan” period, we will implement the requirements of plans and documents such as the “15th Five-Year Plan” for the renewal of good cities and opinions on improving housing quality in accordance with the decisions and arrangements of the Party Central Committee and the State Council, implement relevant national standards such as housing project standards and promote them systematically, and jointly turn the vision of a safe, comfortable, green, and smart good house into a happy reality that the masses can perceive. Do three things: one is to build a new house, the second is to fix the old house, and the third is to do a good job in the service.

1. Build a new house. It mainly does two things: One is to improve housing standards, design, materials, construction, operation and maintenance throughout the entire chain. The second is to promote the application of intelligent construction, green construction, green building materials, and modular buildings in the construction of “good houses” to create “good houses” that satisfy the people. Everyone is now able to browse the internet. Some houses have been built in various places that are well recognized by ordinary people. For example, some projects are called “separation of pipelines,” that is, separation of water, heating, electricity, and the main structure. What are the benefits of this? It will solve the problem of drilling holes in walls for future repairs and renovations, and will also reduce the impact on the neighborhood. Some project rooms are variable and can be adjusted, which can increase storage space, while also reserving space for later renovation, suitable for families with many children and the elderly. We believe there will be more and more “good houses” like this during the “15th Five-Year Plan” period.

2. Renew old houses. In fact, after inspection and evaluation, there are two methods. One is to demolish the original building, especially if it is a D-grade dilapidated house. If the house is to be demolished, it must be demolished and reconstructed. In fact, this kind of demolition, reconstruction, and independent renewal has also been carried out boldly locally, including the summary and formation of a number of good examples. What are its benefits? Although the area doesn't seem to have changed much, its structure and function have completely changed, directly turning the old house from the past into a new house. Second, we support transformation, maintenance, and partial upgrading. It mainly does two things: one is to apply prefabricated decoration and some more practical and easy-to-use technologies to the renovation of old houses; the second is to combine age-appropriate and intelligent transformation to meet the development needs of the times.

3. Complete the service. A “good house” must have “good service”. The first is to coordinate the construction of a good neighborhood, a good community, and a good city based on a “good house,” so that services such as old-age care, childcare, and dining can be complemented. In this way, the value of a “good house” will be better reflected. The second is to establish a full-life cycle housing safety management system. In the past, people heard relatively little about this area. Building a house, especially a house, may have been 1-3 years, but its use cycle, the design life span is at least 50 years, and some are even 100 year old buildings. In actual use, the establishment and improvement of this system was lacking in the past. During the “15th Five-Year Plan” period, it is necessary to speed up the establishment to make up for this. The third is to implement actions to improve the quality of property services. Further strengthen party building leadership, establish a new model for coordinated operation of neighborhood committees, industry committees, and property service enterprises under the leadership of community party organizations to provide residents with diverse housing services, so that houses can not only be built well, but also managed and lived well.

Thank you.

First Financial Correspondent:

The “Outline” of the “15th Five-Year Plan” proposes to promote high-quality real estate development. In particular, it is proposed to speed up the construction of a new model for real estate development. What are the arrangements in this regard? How to improve the basic system for commercial housing development, financing, and sales? Thank you.

Chen Shaowang:

Thank you for your question. Director Zhang Xuetao is invited to answer this question.

Zhang Xuetao, Director of the Real Estate Market Supervision Department of the Ministry of Housing and Urban-Rural Development:

Thanks for the question. Real estate concerns the people's immediate interests and concerns the overall economic and social development situation. Everyone is very concerned and concerned. Currently, there are two changes in the real estate market. One shift is that the relationship between supply and demand in the real estate market has changed significantly. Second-hand housing transactions have increased from 27% in 2020 to 46% in 2025. In the first eight months of this year, according to data from the National Bureau of Statistics, the share of second-hand housing transactions has reached 52%, and more than 50% marks the entry of real estate into the stock era. During the “15th Five-Year Plan” period, we will actively adapt to the new situation, changes and requirements of real estate, coordinate risk prevention and transformation, coordinate the benefits of people's livelihood and steady growth, accelerate the construction of a new model of real estate development, improve the housing system combining multi-agent supply, multi-channel guarantee, and rental and purchase, and promote high-quality real estate development.

As you mentioned earlier, speeding up the construction of a new model for real estate development is an important measure to promote high-quality real estate development. The meaning of the new real estate development model can be summed up as “1234.” “1” firmly grasps the foundation for people to settle down and live at a higher level; “2” is to improve the two systems of security and market to form a supply pattern with clear positioning, complementary functions, and effectively meet residents' housing needs; “3” focuses on reforming and perfecting the basic real estate system; and “4” promotes the linkage of the four elements of “human real estate money” to achieve a rational allocation of factors by arranging housing with people, fixing the land, and fixing money with housing.

Next, on the one hand, we will fully promote the implementation of the three basic real estate systems. The core of these three basic systems all target projects, promote the reform and improvement of real estate development, financing, and sales systems in an integrated manner, and promote the steady operation and healthy development of the real estate industry.

In real estate development, the main thing is to implement a project company system to solve the problem of who is the independent implementing entity of the project. A real estate project corresponds to a project company. The project company exercises the rights of an independent legal entity in accordance with the law, and it is strictly prohibited for the enterprise headquarters to remove the project company's funds in violation of regulations. In this way, the operation of the real estate project is more standardized and safer.

In real estate financing, the main thing is to implement a host bank system to solve the problem of who will provide project financing. A project determines a bank or syndicate as its host bank. All funds for project development, construction, and sales must be deposited into the host bank, and the host bank provides project financing services to meet the reasonable financing requirements of the project. The project company and the host bank implement a dual choice. The bank selects the project company on the basis of independent research and judgment of the project conditions, while the project company selects the host bank based on financing service requirements, thus forming a mechanism for sharing interests and risks between the host bank and the project company.

In commercial housing sales, the main thing is to implement an existing housing sales system to solve the problem that project sales require one-handed delivery of housing, achieve “what you see is what you get”, and fundamentally prevent delivery risks. Looking at it now, the sale of existing homes is already the general trend. According to data from the National Bureau of Statistics, the sales area of commercial housing sold using existing homes has maintained positive growth in recent years, and its share of the total sales area of new homes is increasing year by year. New projects should prioritize the sale of existing homes, and at the same time make good use of supporting policies such as land, finance, and taxation for the project. Those implementing pre-sales should improve the supervision of pre-sale funds to effectively protect the legitimate rights and interests of buyers.

On the other hand, we will focus on doing a good job in housing security. Housing security is related to people's livelihood and welfare. We will further improve the housing security system based on rental guaranteed housing and sale-type guaranteed housing, adhere to the combination of rental subsidies and physical security, and promote cities above prefectural level and counties that are in a position to do so to improve housing security waiting banks, and scientifically plan the construction and financing of affordable housing according to waiting needs, optimize the supply of affordable housing, and optimize the supply of affordable housing for urban subsistence insurance and families with housing difficulties; for new citizens;, young people, and housing difficulties, Urban wage earners with low incomes insist on allocating rent when it is appropriate to allocate rent, and allocating when it is appropriate to sell, adapting to local conditions and according to city policies to meet their basic housing needs. Thank you.

Science and Technology Daily reporter:

The urban underground pipe network is an important part of the construction of the “Six Zhang Network”. During the “15th Five-Year Plan” period, China will also build and renovate about 770,000 kilometers. What measures will the Ministry of Housing and Construction take next to carry out this work? Thank you.

Chen Shaowang:

Thank you for your question. I ask Director Zhang Qiang to answer this question.

Zhang Qiang, Director of the Urban Administration and Supervision Bureau of the Ministry of Housing and Urban-Rural Development:

Thank you so much for your question. Urban underground pipelines mainly include gas, water supply, drainage, sewage, heating and other pipelines and integrated pipe galleries. They are the “blood vessels” and “nerves” of the city, and are an important part of the modern infrastructure network system. By the end of 2025, the total length of the country's urban underground pipe network was 3.86 million kilometers, and the underground integrated pipe gallery reached 7,872 kilometers. Strengthening the construction of urban underground pipelines is not only conducive to improving urban functions and improving people's livelihood and welfare, but also to expanding effective investment. It is a major measure that benefits the present and the long term.

According to the decisions and arrangements of the Party Central Committee and the State Council, during the “15th Five-Year Plan” period, about 770,000 kilometers of urban underground pipelines will be built and renovated, including 200,000 kilometers of gas networks, 175,000 kilometers of drainage networks, 175,000 kilometers of water supply networks, 100,000 kilometers of sewage networks, and 120,000 kilometers of heating networks. At the same time, the construction of underground integrated pipe galleries is being promoted according to local conditions, with an investment scale of more than 5 trillion yuan. In order to complete this important task, our department will take four measures:

The first is to focus on “well-built” and focus on system advancement. The urban underground pipeline network is complex and extensive. It is a systematic project, and construction must be carried out in an integrated manner using the “one game of chess” mentality. The focus is on strengthening the connection between water, gas, heat and other pipe networks and integrated pipe galleries, and coordinating the construction layout, timing, and standards of different pipeline networks. At the same time, it is also necessary to strengthen the linkage between urban underground pipe networks and other “five networks” to improve overall efficiency.

The second is to focus on “long-lasting use” and focus on quality and safety. Centennial plan, quality first. The underground pipeline network is the “inner” project of the city, and it is essential to ensure quality and safety. We will guide and supervise the local authorities with a high sense of responsibility, keep an eye on all aspects of project planning, design, construction, and acceptance, strengthen quality and safety control throughout the process, consolidate the main responsibilities of all parties, and build a safe and reliable project for the people.

The third is to focus on “manageability” and focus on long-term management. Construction and transformation are the foundation, and daily maintenance is the key. In this regard, the focus is on speeding up the improvement of supporting policy systems, management systems and working mechanisms, and making concerted efforts in various aspects such as engineering construction, project supervision, departmental collaboration, operation and maintenance, so as to place equal emphasis on construction and management, and ensure the safe and orderly operation of underground pipelines throughout their life cycle.

Fourth, focus on “doing a good job” and focus on work coordination. There are many departments involved in the pipeline network, and there are also many actors, and all parties are required to work together to manage it. Local housing and construction departments will strengthen normalized communication and collaboration with relevant departments to smoothly connect and form joint efforts in areas such as factor guarantees and administrative examination and approval. At the same time, we will also work with relevant departments to guide local authorities to make good use of central and local capital, stocks, and incremental capital, and establish and improve a multi-element investment mechanism for underground pipeline network construction and operation.

I have answered that much about this question. Thank you.

Dazhong News Dazhong Daily Reporter:

The construction industry is a pillar industry of the national economy. In the future, efforts will be focused on promoting the upgrading of the construction industry and creating an upgraded version of “Made in China”? Thank you.

Chen Shaowang:

Thank you for your question. I asked Chief Engineer Li Xiaolong to answer this question.

Li Xiaolong:

Thank you for your question. “Made in China, Creation in China, and Construction in China are working together to continue to change the face of China.” “Made in China” is now famous overseas and is the gold symbol for the construction industry. We all know that the construction industry is a traditional industry, and it also has the characteristics of enduring vitality. As the times change and technology advance, its connotation and shape will also profoundly change. During the “15th Five-Year Plan” period, the construction industry was at a critical point of upgrading quality. With the aim of providing high-quality construction products to the community, we will deepen reforms, accelerate the cultivation of a modern construction industry chain, build an upgraded version of “Made in China”, and promote the high-quality development of the construction industry. Focus on four areas of work:

The first is to promote industrial upgrading. How to promote industrial upgrading? It means anchoring the development direction of intelligence, greening, and integration, and adhering to innovation-driven and technology-enabled development. That is, everyone is deeply integrating the big data, Internet of Things, and artificial intelligence currently known as the traditional construction industry to further promote the application of building information modeling technology, or BIM technology, commonly known as BIM technology in the whole process of building design, construction, and maintenance. In the past, this area was used, but in reality, it was scattered. These are all important grippers for upgrading the quality of the construction industry, and are also important engines for the high-quality development of the entire construction industry. Furthermore, everyone knows that the construction industry is one of the biggest application scenarios for manufacturing products. What do we need to do? It is to collaborate and integrate the construction industry with advanced manufacturing and modern service industries to form a number of industrial clusters in line with the times, such as urban renewal and prefabricated decoration, to provide new momentum for the traditional construction industry.

The second is to stimulate market vitality. The construction industry is an industry with a high degree of marketization and full competition. What should I do at this time? It is necessary not only to be able to live, but also to take good care of it. Two things are being done here: First, we need to reform and improve basic systems, such as market access, bidding, and project price settlement, and make good use of market-based methods such as credit and insurance. The second is to comprehensively rectify difficult problems such as “internal rolling” competition in the construction industry and arrears in project payments in accordance with the requirements of a unified national market, and guide enterprises to shift from heavy scale and price competition in the past to focusing on quality and strength, so that enterprises with good credit and strong strength can develop better.

The third is to improve the quality of construction. This is about focusing on people's high-quality living and living needs, and prioritizing quality in the whole process and chain of construction production. For example, optimize building design, improve the performance of building materials, do a good job in site construction management, improve inspection, strengthen operation and maintenance management, and focus on solving the quality problems that people are most concerned about now, such as mold, blockage, leakage, noise, cracks, and odor, so that the quality of the building can actually be seen, touched, quantifiable, and evaluated.

The fourth is to support companies to go overseas. This is to give full play to the “Made in China” brand and technical advantages, strengthen international exchanges and cooperation in the field of construction. In particular, it is necessary to provide policy support and service guarantees to “go global” enterprises, and increase support. At the same time, it is also necessary to promote the business scope of foreign-contracted engineering companies, expand into high-value-added links such as design consulting and post-operation, and truly build a number of influential engineering projects. Everyone has probably seen it online recently. Modular construction products independently developed by some Chinese companies are very popular in overseas markets. There are many orders, and they are growing rapidly. In the future, we want to launch this marketable, high-quality, and real star product, continue to polish the “Made in China” brand, and make the construction industry more competitive internationally.

Thank you.

Hong Kong Bauhinia magazine reporter:

The “Outline” of the “15th Five-Year Plan” proposes to build innovative, livable, beautiful, resilient, civilized, and intelligent modern people's cities. What are the next deployment arrangements to put this blueprint into practice? Thank you.

Chen Shaowang:

Thank you for your question, I'll answer that question. In July of last year, the Party Central Committee held a city work conference. General Secretary Xi Jinping delivered an important speech, drawing up a grand blueprint for building an innovative, livable, beautiful, resilient, civilized and intelligent modern people's city. During the “15th Five-Year Plan” period, we will focus on this goal, solidify our foundation and make comprehensive efforts. Let me introduce them separately:

First, build innovative cities. We understand that innovation is the first driving force for high-quality urban development. During the “15th Five-Year Plan” period, urban renewal will be vigorously implemented, mechanisms and methods to revitalize existing resources will be innovated, a number of old factory areas and old shopping streets will be renovated and upgraded, and new industries such as scientific and technological research and development, cultural creativity, leisure and entertainment will be introduced, and functional transformation and business format upgrades will be promoted, and the vitality of urban development will be stimulated.

Second, build livable cities. Livability is a basic requirement for implementing the concept of a people's city. The key task is to promote the “four good” construction of good houses, good neighborhoods, good communities, and good urban areas. Take good community construction as an example. During the “15th Five-Year Plan” period, we will implement complete community area expansion, quality and efficiency projects, improve basic community public service facilities and convenience service facilities such as nursing and childcare, strengthen the construction and renovation of supporting infrastructure such as parking and charging, and supplement pocket parks and fitness and leisure places. We hope that through the construction of a good community, the community can truly become a happy home where residents can watch and help each other and live and work peacefully.

Third, build beautiful cities. Beauty reflects the beautiful living environment of the city, and the production lifestyle is greener and lower carbon. During the “15th Five-Year Plan” period, we will thoroughly implement urban ecological restoration projects, renovate and upgrade 20,000 hectares of urban parks and green spaces, add 15,000 new pocket parks, and build and renovate 20,000 kilometers of urban greenways, so that people can relax and exercise, have more places to enjoy, and share a beautiful green life. At the same time, we will also work hard to “embroider”, continue to renovate small and micro public spaces, improve the environment in back streets and alleys, and continuously improve the quality of the urban environment and public space.

Fourth, build resilient cities. Resilience reflects the safe and orderly operation of the city, and the ability to respond effectively and recover quickly when faced with risks and shocks. Everyone knows that the current intensification of global climate change and the increase in extreme weather and natural disasters have brought great challenges to the safe operation of cities. During the “15th Five-Year Plan” period, we will build and renovate about 770,000 kilometers of urban underground pipelines, accelerate the repair of shortcomings in urban drainage and waterproofing facilities, continue to promote the construction of urban lifeline safety projects, and continuously improve our ability to withstand disaster risks.

Fifth, build a civilized city. Civilization is the soul of a city. During the “15th Five-Year Plan” period, we will improve the historical and cultural protection and inheritance system, protect the city's unique historical context, cultural geography, and natural landscape, repair and upgrade a new number of national historical and cultural cities, and renovate and upgrade 300 historical and cultural districts. Improve the urban landscape management system, strengthen architectural design management, and shape the characteristic features of the city with Chinese aesthetics and the style of the times.

Sixth, build smart cities. Wisdom reflects the level of intelligence and refinement of urban governance. China's cities have already entered the “three-point construction, seven-division” period, and the weight of urban governance is getting heavier. We will adapt to the trend of digital intelligence, improve the urban information model and urban operation management service platform, adhere to and develop the “Fengqiao Experience” in the new era, grasp the community as a basic unit of urban governance, carry out urban management into the community and property services into the family, resolve the urgent problems of the masses in a timely and efficient manner, and open up the “last mile” of service to the masses. Thank you.

Extreme News Reporter:

The newly revised “Housing Provident Fund Administration Regulations” will be officially implemented on September 20. Next, what aspects will the housing provident fund system be upgraded and optimized to better function to meet the needs of the public? Thank you.

Chen Shaowang:

Thank you for your question. Director Zhang Xuetao is invited to answer this question.

Zhang Xuetao:

Thank you for your interest in the work of the Housing Provident Fund. The housing provident fund system is an important part of our country's urban housing system, and it is also related to the vital interests of our common people. In accordance with the plans of the Party Central Committee and the State Council to deepen the reform of the housing provident fund system, we are actively promoting the revision of the Housing Provident Fund Administration Regulations.

The newly revised “Regulations” actively adapt to the development and changes of China's real estate market, with the main goal of meeting the diverse housing needs of depositors at different stages, and further exploiting the important role of the housing provident fund system in solving housing problems by optimizing the deposit, use, income and management of housing provident funds.

During the “15th Five-Year Plan” period, we will use the implementation of the newly revised “Regulations” as an opportunity to promote the high-quality development of housing provident funds by serving depositors as the foundation, deepening reforms as the driving force, supported by numerical intelligence empowerment, and safe development as the bottom line. We are focusing on four tasks:

The first is to expand the coverage of the system. In recent years, in China's economic and social development, the employment structure has changed greatly, and the number of flexible employment groups has grown rapidly. We will expand the coverage of the housing provident fund system, support individual businesses, part-time workers, and other flexible workers to voluntarily deposit housing provident funds, and further enhance the inclusiveness of the housing provident fund system.

The second is to broaden the scope of use of extraction. The newly revised Regulations have broadened the scope of withdrawal and use of housing provident funds, and the number of withdrawal situations has increased from 6 to 9. Among them, ordinary people can withdraw and use it to decorate houses and pay property fees in their daily lives. We will further develop the role of the Housing Provident Fund to support the rental, purchase, repair and maintenance of houses, so that the Housing Provident Fund can serve housing consumption throughout the life cycle.

The third is to promote the quality and efficiency of management services. Improving the effectiveness of housing provident fund management services is a common expectation from all parties. We will strengthen the digital and intelligent construction of housing provident funds and improve the level of efficiency and refinement of management services. Through digital intelligence, withdrawal procedures are simplified, loan processing time limits are shortened, mutual trust and mutual recognition of deposit records are implemented throughout the country, and efficient processing of housing provident fund transfers and offsite loans is promoted, and depositors' sense of attainment and satisfaction is enhanced.

Fourth, establish a strong financial security line. The safety of funds is a top priority in housing provident fund supervision and concerns the vital interests of every depositor. We will ensure the safety of housing provident fund funds and effectively manage depositors' “money bags” through measures such as strengthening system regulations, improving management mechanisms, and enriching supervision methods. Thank you.

Lightning News Reporter:

Currently, urban renewal work continues to advance in various regions. The “Outline” of the “15th Five-Year Plan” indicates that urban renewal should be promoted with high quality. How does the Ministry of Housing and Construction coordinate planning in this regard, and what are the work considerations? Thank you.

Chen Shaowang:

Thank you for your question. I ask Director Zhang Qiang to answer this question.

Zhang Qiang:

Thank you so much for your question. Urban renewal is an important gripper for urban work at this stage. By implementing urban renewal, shaping new spaces, creating new business formats, and creating new lives, it can strongly promote high-quality urban development and meet people's needs for a better life. The “Outline” of the national “15th Five-Year Plan” clearly proposes to promote urban renewal with high quality. The State Council specifically issued the “15th Five-Year Plan” for urban renewal, which proposes 10 development indicators, 23 key tasks, and 14 major projects, and makes comprehensive arrangements for what and how to do urban renewal work.

The tasks are clear; the key is implementation. Our department will insist on asking for the needs of the people, asking for consideration, and working for the people, and step up coordination efforts. Work with relevant departments to improve supporting policies such as planning, land use, taxation, finance, etc., strengthen statistical surveys, monitoring and evaluation, and guide all regions to carry out in-depth and detailed work to ensure the completion of target tasks. The focus is on three aspects:

The first is to take good care of people's livelihood projects and work hard to improve the quality of living. Urban renewal should give priority to meeting people's livelihood needs and leave the best resources to the people. During the “15th Five-Year Plan” period, the country will begin construction and renovation of 115,000 old urban neighborhoods, implement complete community construction and renovation in 5,000 communities, upgrade and install 575,000 residential elevators, and build and renovate 50,000 hectares of urban green space. Through the “Four Good” construction system, high-quality living spaces will be created for residents.

Second, take good care of development projects and work hard to enhance development momentum. Urban renewal contains huge investment and consumption potential. The “15th Five-Year Plan” period will focus on implementing planning tasks, coordinating investment in goods and people, and promoting the implementation of a number of urban renewal projects to help expand effective investment and stimulate consumption vitality. For example, we will implement the renovation and upgrading of factories in 1,500 old neighborhoods, actively promote the introduction of new industries and formats, and inject new momentum into urban development through revitalizing and utilizing existing resources.

The third is to take good care of safety projects and work hard to secure the safety bottom line. During the “15th Five-Year Plan” period, the renovation of dilapidated houses, the renovation of urban villages, and the construction and renovation of urban underground pipelines will be promoted in an orderly manner, focusing on repairing shortcomings, strengths and weaknesses, and promoting upgrading. At the same time, make good use of digital and intelligent means to further promote the construction of urban infrastructure lifeline safety projects, real-time monitoring, dynamic early warning, and effective treatment of operational risks, and continuously enhance urban safety and resilience.

Promoting urban renewal with high quality is inseparable from policy and institutional guarantees. We will focus on promoting the establishment and improvement of four mechanisms: the first is an integrated promotion mechanism for urban medical examinations and urban renewal, making issues identified by medical examinations the focus of urban renewal. The second is the implementation mechanism for urban renewal plans, establishing an implementation system from special planning to district planning to project implementation plans. The third is a sustainable investment and financing mechanism for urban renewal, which not only increases government investment, but also makes better use of the role of market power. Fourth, the mechanism for organic integration of urban renewal and historical and cultural protection, so that history and culture complement modern life. At the same time, we will accelerate the promotion of urban renewal legislation, improve the standard system, and consolidate institutional support for high-quality urban renewal work.

I have answered so many questions, thank you.

Zhou Jianshe:

One last question.

China Construction News reporter:

Famous historical and cultural cities, neighborhoods, villages and towns carry the context of urban memory and homesickness. Excuse me, what measures will the Ministry of Housing and Construction introduce to do a good job of protection and upgrading? Thank you.

Chen Shaowang:

Thank you for your question, I'll answer that question. Famous historical and cultural cities, neighborhoods, villages and towns not only carry deep cultural accumulation, but are also beautiful homes for people to produce and live. We always insist on protecting in development, developing in conservation, and protecting the city's historical and cultural heritage as if we cherish our own lives. For example, Fuzhou's Sanfang and Seven Alley, known as the “living fossil of the Li Fang System,” has been comprehensively protected. While maintaining the original appearance of the ancient city and retaining the charm of the old streets, it makes up for shortcomings in infrastructure such as water, electricity, gas, and heating, and eliminating hidden building structures and fire safety hazards. “Living history” has passed on “fireworks”, and residents in the old city live more conveniently and comfortably.

Another example is that last week I went to Jingdezhen for research and study, and visited the Taoyangli Historical and Cultural District and the Taoxichuan Cultural and Creative District. The historical and cultural district of Taoyangli strictly follows the requirements of putting protection first and repairing it as old, has achieved healthy interaction between the protection of ceramic culture and the development of the cultural tourism industry, and has become a place for new influencers to check in. The Taoxichuan Cultural and Creative District attracted 35,000 “Jingpiao” makers from home and abroad, including nearly 7,000 “Yang Jingpiao” makers from 65 countries through protective renovation of old state-owned ceramic factories, incorporating the ceramic context into space transformation, industrial cultivation, and neighborhood operations on the basis of preserving the original industrial heritage. Among them, there were also nearly 7,000 “Yang Jingpiao” from 65 countries. They understood China in capital letters from lowercase China and became folk messengers spreading Chinese ceramic culture.

During the “15th Five-Year Plan” period, we will insist on putting protection first, improve the historical and cultural protection and inheritance system, and promote the active inheritance and utilization of historical and cultural heritage. More than 100 new historical and cultural districts have been certified, and more than 10,000 new historic buildings have been identified to further improve the protection list and ensure that cultural heritage is protected.

We will continue to tell the Chinese story of historical and cultural protection and heritage. See the context of a city and learn about the past, present, spring, and autumn. The large-scale documentary series “Wenmai Chunqiu”, which we co-launched with CCTV, has aired 83 episodes and has been watched by 2.5 billion people. During the “15th Five-Year Plan” period, we will continue to step up publicity and promotion efforts, tell good stories of heritage protection, and create a good atmosphere for the whole society to participate. We also implore all sectors of society to continue to pay attention and support to participate in the protection of historical and cultural heritage.

Thank you.

Zhou Jianshe:

That's all for today's press conference. Thank you to all the publishers, and thank you to all the reporters and friends. Bye everyone!

This article was selected from “China Net”, editor of Zhitong Finance: Jiang Yuanhua.