多元赋能。构建多元协同、可持续的资金保障体系。强化政府引导作用，优化财政资金投向，整合各类 专项补助，加大公共服务配套、历史文化保护、基础设施完善等财政支持。积极引导社会资本参与，制 定差异化扶持政策，通过特许经营、PPP、股权投资、资产证券化等多种模式，吸引企业、社会组织等 经营主体参与城市更新项目的投资、建设与运营，实现利益共享、风险共担。 精细运营。城市更新不是"一建了之"，必须注重后期运营管理，实现"建设好"与"运营好"的有机统一。 建立"建管并重、长效运营"机制，明确运营主体、责任与标准，避免因"重建设、轻运营"导致的设施闲 置、功能弱化等问题。运用好数字化、智能化等手段，提升运营效能，搭建统一运营管理平台，实现精 细化、智能化管理。强化运营收益平衡，通过合理布局经营性业态、优化租金定价、发展配套产业等方 式，构建"公益性服务+经营性收益"良性模式，确保项目能够长期稳定运行，实现社会效益与经济效益 双赢。 协同治理。强化政府统筹协调职能，厘清部门职责，健全跨部门协同机制，破解审批繁琐、权责交叉等 堵点，提升决策与执行效能。充分尊重群众意愿，充分保障群众的知情权、参与权、表达权和监督权， 在规划、实施 ...

编辑丨张伟贤 近期，多个省市陆续发布关于国民经济和社会发展的第十五个五年规划建议（以下简称"'十五五'规划建议"），对"十五五"时期的经 济社会发展提出目标和要求，并做出工作部署。 记者丨张敏 在多个省市的"十五五"规划建议中，提出"统筹推进"房地产风险有序化解，并将房地产与地方政府债务、中小金融机构的风险，并 列为需严格防范的系统性风险。 值得注意的是， 山东省还提出，健全房地产"白名单"融资常态化机制， 体现出从融资端推进相关制度建设的政策思路。 房地产处于新旧动能转换关键阶段，又事关金融稳定与民生福祉，对这项工作的安排，备受各方关注。 21世纪经济报道记者梳理多个地方的"十五五"规划建议发现，对房地产相关工作的部署，主要体现在化解风险、促进消费、发力城 市更新、推动高质量发展等方面。其中，不少地方的提法颇有亮点。 广东省、重庆市、厦门市均在"十五五"规划建议中提出，实现更高水平住有所居， 体现出在住有所居的基础上，对供应制度、居住 品质和管理体系的更高要求。 贵州省强调，探索推进"四房联动"，即"以旧换新促进二手房与商品房联动，以需定购促进保障房与商品房联动，以购代建促进安置 房与商品房联动"。贵州还因 ...

天津以城市更新推动高质量发展 "十四五"惠及53万户居民 天津市住房城乡建设委主任蔺雪峰表示，下一步将坚持从全局谋划一域、以一域服务全局，一以贯之统 筹抓好"十项行动""三新""三量"和"大城三管"等工作，为全市"十五五"良好开局"添秤"助力。(完) 来源：中国新闻网 编辑：王永乐 广告等商务合作，请点击这里 中新网天津12月10日电 (记者 周亚强)天津市政府新闻办10日举行高质量完成"十四五"规划系列主题新 闻发布会——市住房城乡建设委专场。记者从会上获悉，"十四五"以来，天津系统推进城市更新行动， 累计改造老旧小区1061个，惠及居民53万户，城市面貌与生活品质同步提升。 图为新闻发布会现场。(天津市政府新闻办供图) 天津市住房城乡建设委二级巡视员侯学钢介绍，天津在城市更新工作中坚持"体检先行"，构建了"体检 发现问题、更新解决问题"的闭环机制。该机制围绕住房、社区、城区等六个层级查找短板，将全市23 万栋住房纳入系统体检，着力破解停车难、充电难、出行难等民生关切。此项创新已入选住建部可复制 经验做法清单并向全国推广。 以体检结果为指引，天津科学谋划更新项目。全市已审定49个片区类更新项目，其中一机床、 ...

近期，多个省市陆续发布关于国民经济和社会发展的第十五个五年规划建议（以下简称"'十五五'规划 建议"），对"十五五"时期的经济社会发展提出目标和要求，并做出工作部署。 房地产处于新旧动能转换关键阶段，又事关金融稳定与民生福祉，对这项工作的安排，备受各方关注。 21世纪经济报道记者梳理多个省份的"十五五"规划建议发现，对房地产相关工作的部署，主要体现在化 解风险、促进消费、发力城市更新、推动高质量发展等方面。其中，不少省份的提法颇有亮点。 广东省、重庆市、厦门市均在"十五五"规划建议中提出，实现更高水平住有所居，体现出在住有所居的 基础上，对供应制度、居住品质和管理体系的更高要求。 贵州省强调，探索推进"四房联动"，即"以旧换新促进二手房与商品房联动，以需定购促进保障房与商 品房联动，以购代建促进安置房与商品房联动"。贵州还因地制宜地提出，"大力发展旅居地产"。 作为城市内涵式发展的重要内容，不少省市对城市更新也有创新性提法。 梳理这些内容，对于理解未来五年房地产发展模式和路径，有着重要意义。 防风险与促消费并重 在楼市处于新旧发展动能转换的关键阶段，防范化解风险仍是房地产政策的重要底线。 在多个省市的"十五五 ...

Core Viewpoint - The renovation and building materials sector experienced a slight decline, closing at 16,425.40 points with a drop of 0.06% [1] Industry Performance - From the beginning of the year to December 2, the construction decoration index increased by 6.8% [1] - The renovation and decoration service sub-sector led the gains with an increase of 30.6% [1] Stock Performance - Jingxue Energy closed at 25.42 CNY per share, down 5.96%, leading the decline in the renovation and building materials stocks [1] - *ST Yazhen closed at 38.81 CNY per share, down 4.99%, ranking second in the decline [1] - Youbang Ceiling closed at 28.49 CNY per share, down 3.62%, ranking third in the decline [1] - Zhongyuan Home closed at 19.70 CNY per share, up 9.99%, leading the gains in the sector [1] - Xilinmen closed at 23.07 CNY per share, up 5.63%, ranking second in the gains [1] - Shangpin Home Delivery closed at 14.86 CNY per share, up 5.46%, ranking third in the gains [1] Urban Renewal - The funding sources for urban renewal include central government funds, local special bonds, loans from financial institutions, and social capital, providing strong momentum for urban renewal development [1] - A total of 25,000 old urban residential communities are planned to be renovated by 2025, with 21,700 already started from January to August, achieving 86.8% of the annual target [1] - There is significant potential for construction companies in urban renewal and maintenance fields [1]

Group 1 - The Yuandadu City Wall Ruins Park has undergone a comprehensive upgrade with a focus on "ecological priority and all-age friendliness," and the Haidian District Garden Greening Bureau will continue to enhance this concept through ongoing maintenance and service improvements [2] - The Xihuan Road North Extension project in Shunyi District has received approval from the Beijing Development and Reform Commission, marking a significant step forward in improving connectivity between Shunyi and the central urban area [4] - The Wangfujing Ice Wonderland, a collaboration between Wangfujing and Burberry, has returned for its sixth consecutive year, offering an immersive ice and snow experience that integrates commerce with cultural and artistic elements, enhancing the brand image of Wangfujing as a high-end lifestyle destination [8] Group 2 - The 40th Longqing Gorge Ice Lantern Art Festival is in preparation, set to begin in mid-January 2026, featuring a combination of flower lanterns, ice lanterns, and ice entertainment projects for a dual visual and experiential delight [10] - The second batch of new performance spaces in Haidian District has been announced, with ten new venues recognized to break traditional theater boundaries and integrate performances into diverse settings [12] - The completion of the Garden Street (Dongzhimen) construction project in Dongcheng District has added 1,340 square meters of green space and approximately 700 square meters of recreational area, enhancing the living environment for nearly 30,000 residents [26]

Core Insights - The Wuhan Municipal Committee has approved the "15th Five-Year Plan" and the "Five-Year Action Plan" to build a modern Wuhan, aiming for a GDP exceeding 3 trillion yuan by 2030 [1][3] - The plan emphasizes the construction of "Five Centers" as a dual-target strategy, with significant progress expected by 2030 and full realization by 2035 [1][3] Group 1: Five Centers Development - The "Five Centers" initiative has become the main task for Wuhan's 15th Five-Year period, reflecting its importance for high-quality economic and social development [3] - The initiative traces back to 2016, when the National Development and Reform Commission outlined the need for Wuhan to become a national central city supported by four key functions [3][4] - The action plan aims to accelerate the construction of a national central city and position Wuhan as a leading strategic hub in central China [3][4] Group 2: Economic and Technological Integration - The development of the national economic center will align with Wuhan's goals to expand domestic demand and integrate into the national market [4] - The city aims to build a modern industrial system and promote deep integration of technological and industrial innovation to support the national technology innovation center [4][10] - The plan includes seven major actions to transform the "Five Centers" from a blueprint into reality, focusing on economic elevation, technological leadership, and regional development [4][5] Group 3: Urban Renewal and Infrastructure - Wuhan plans to implement urban renewal through the "Five Reforms and Four Improvements" strategy, which includes upgrading existing buildings and enhancing community services [7][8] - The city will explore new urban renewal models to address core challenges such as financing and land use, promoting a multi-faceted development approach [9] - The "Five Grains" initiative focuses on leveraging Wuhan's industrial advantages and future sectors, enhancing the city's competitiveness and economic growth [9][10] Group 4: Regional Economic Impact - The Wuhan metropolitan area achieved a GDP of 3.2 trillion yuan in 2022, accounting for over 59% of the province's total, with a target of exceeding 3% of the national GDP by 2030 [6] - The metropolitan area is expected to play a crucial role in the national market and regional economic development, enhancing its influence and connectivity [6][11] - The "One City, Three Corridors, One Belt" strategy aims to optimize spatial layout and enhance the overall efficiency of Wuhan's innovation system [11]

Core Viewpoint - The A-share market shows mixed performance with the Shanghai Composite Index down by 0.35%, while the Shenzhen Component Index increased by 0.14% and the ChiNext Index decreased by 0.23% [1] Group 1: Market Performance - The Infrastructure 50 ETF (159635) rose by 0.73%, with a latest price of 1.107 yuan [1] - Leading stocks in the ETF include Sichuan Road and Bridge up by 3.95%, Shantui Construction Machinery up by 3.83%, Hangzhou Forklift up by 2.83%, XCMG Machinery up by 2.75%, and COFCO Engineering up by 2.71% [1] Group 2: Valuation Insights - The latest price-to-earnings ratio (PE-TTM) for the Infrastructure 50 ETF is 9.55, which is at the 31.98% percentile over the past 10 years, indicating a relatively low valuation compared to other sectors in the A-share market [1] Group 3: Industry Outlook - According to Kaiyuan Securities, infrastructure investment and new construction contracts have been weakening since 2025, leading to a divergence in the performance of sub-sectors [1] - With ongoing government debt management and corporate deleveraging, the construction sector is expected to experience a resonance of fundamentals, policies, and valuations [1] - The industry is advised to focus on marginal changes in areas such as overseas construction, urban renewal, digital construction, power engineering, and debt management, while maintaining a positive outlook on state-owned construction enterprises and regional leaders with low valuations and stable performance [1]

Group 1 - The A-share market is experiencing a decline, with the Shanghai Composite Index down by 0.46%, the Shenzhen Component Index down by 0.36%, and the ChiNext Index down by 1.05% [1] - The Real Estate ETF (515060) has increased by 3.23%, with a latest price of 0.734 yuan and a turnover rate of 6.25% [1] - Among the constituent stocks, Shilianhang leads with a rise of 10.07%, followed closely by Vanke A at 10.06% and Hainan Expressway at 9.97% [1] - The Real Estate ETF's price hit a low of 0.705 yuan during the session, marking a new low in the past 10 days [1] Group 2 - Zhongyou Securities emphasizes the importance of "deeply implementing urban renewal actions" to stabilize the real estate market and eliminate safety hazards, with a deadline set for the completion of city-level urban renewal surveys by the end of 2026 [1] - The standards for "good housing" construction have been clarified, requiring new land supply to meet a minimum of 70% green building material application and 100% smart community facilities [1] - Various regions are issuing home purchase subsidies to optimize supply and demand, implementing policies tailored to specific cities to stabilize market expectations [1] Group 3 - Caixin Securities suggests that the expectation of policy easing due to further deterioration in the fundamentals may drive valuation recovery in the sector in the short term [2] - Long-term focus should be on leading companies with core city resources and real estate operational capabilities [2]

Group 1 - Real estate stocks experienced a significant afternoon rally, with Vanke A hitting the daily limit, Hainan Airport rising over 7%, Poly Development increasing by over 5%, and New Town Holdings and Huafa Group both up over 3% [1] - Real estate-related ETFs rose by more than 3% due to market influences [1] Group 2 - The current fundamentals of real estate companies are in a "bottoming" phase, with expectations for policy support and stabilization of the industry fundamentals to drive market trends in the near future [2] - The industry is expected to shift from "high leverage, high turnover" to a focus on "quality, service, and sustainability," with urban renewal expected to unlock potential in existing stock [2]