创新用地、多元融资，城市更新按下 “加速键”

Core Viewpoint - The Chinese government is intensifying urban renewal policies to promote high-quality urban development, integrating these efforts with safety, housing market stability, and real estate quality improvement [1][9]. Group 1: Policy Framework - The State Council emphasized the importance of urban renewal in its recent study, linking it to safety and real estate market stability [1]. - A series of policies have been implemented this year, including the issuance of the "Opinions on Continuing to Promote Urban Renewal Actions," which outlines specific goals and measures for urban renewal [3]. - The Central Urban Work Conference identified high-quality urban renewal as a key task for future urban development [4]. Group 2: Implementation and Support - The Ministry of Housing and Urban-Rural Development has highlighted the need for comprehensive assessments and planning for urban renewal projects [4]. - Local governments are actively introducing supportive policies, such as the Tianjin Urban Renewal Regulations and the Chongqing Three-Year Action Plan for Urban Renewal [5]. - Financial mechanisms are being innovated to address funding challenges, including a competitive selection process for central financial support to 20 cities, with over 20 billion yuan planned for urban renewal actions [6]. Group 3: Financial Innovations - The introduction of REITs for urban renewal projects is expected to provide sustainable financing channels and enhance social capital participation [7]. - The government is exploring various financial support methods, including special bonds and innovative bank loan products tailored for urban renewal [7][8]. Group 4: Future Trends - Urban renewal policies are expected to focus on systemic, coordinated, and sustainable approaches in 2026, addressing challenges such as funding pressures and coordination difficulties [9][10]. - A multi-goal collaborative policy framework is anticipated, integrating urban renewal with safety, livelihood, and economic objectives [10]. - The establishment of a linkage mechanism between urban renewal and the real estate market is expected to drive structural reforms in housing supply [10].