重庆：在债务风险可控前提下通过发行地方政府专项债券对符合条件的城市更新项目予以支持

Core Insights - The Chongqing Municipal Government has issued a three-year action plan for urban renewal from 2025 to 2027, emphasizing a diversified investment system led by government funding and primarily supported by enterprise investment [1] Investment Strategy - The action plan aims to secure central budget investments and long-term special bonds from the central government, while increasing local financial input and coordinating existing funding channels for better resource allocation [1] - It includes provisions for issuing local government special bonds to support eligible urban renewal projects, ensuring that debt risks remain controllable and prohibiting illegal financing practices [1] Financial Instruments - The plan encourages the issuance of Real Estate Investment Trusts (REITs), asset-backed securities, and corporate credit bonds for qualifying projects, enhancing the financial tools available for urban renewal [1] - It also outlines the implementation of tax and fee reduction policies related to urban renewal initiatives [1]