财政部：将和住建部再选拔20个城市实施城市更新行动

Group 1 - The Ministry of Housing and Urban-Rural Development, along with multiple departments, introduced the "Opinions on Continuing to Promote Urban Renewal Actions," focusing on financial support for urban renewal projects [1] - In 2024, the first batch of 15 cities will be selected for urban renewal, with an additional 20 cities to be chosen later this year [1] - Key areas of focus include upgrading urban infrastructure such as drainage, gas, and heating systems, as well as promoting consumer-oriented infrastructure in old neighborhoods [1][2] Group 2 - A total of approximately 600 billion yuan has been allocated for central subsidies during the "14th Five-Year Plan" period to support the construction of sponge cities across 60 cities, leading to a total investment of 1,600 billion yuan [2] - In 2024, over 4,250 billion yuan will be allocated for urban gas pipeline updates and urban drainage improvement projects [2] - The government aims to enhance the collaboration between fiscal and financial policies to establish a diversified financing mechanism for urban renewal projects [2][3] Group 3 - The central government plans to establish a special fund for urban renewal in 2025, focusing on public infrastructure and services, expanding support to include dilapidated housing and old neighborhoods [3] - Innovative financing models will be promoted to engage market participation and improve investment efficiency, including public-private partnerships and real estate investment trusts (REITs) [3] - Financial institutions will be guided to support urban renewal projects through various financial instruments, including loans and investments from insurance and trust companies [4] Group 4 - The financial regulatory authority will encourage financial institutions to increase credit support for urban renewal, particularly in areas like infrastructure and major project construction [4] - There is a need to attract bank credit and social capital for urban renewal, emphasizing the importance of creating shared benefits for residents and investors [4] - The government aims to establish a comprehensive funding mechanism by 2030, involving multiple stakeholders in urban renewal financing [4]