在加大资金投入的同时，郭方明透露，财政部落实好税费优惠政策，如企业所得税"三免三减半"，城镇 土地使用税、城市基础设施配套费、教育费附加减免等。下一步，将继续通过这些渠道持续发力。 2024年起，中央财政支持部分城市实施城市更新行动，首批支持包括石家庄、太原、沈阳、上海等在内 的15个城市。郭方明透露，今年，住建部将和财政部再选拔第二批20个城市。 国新办20日举行新闻发布会，介绍《关于持续推进城市更新行动的意见》有关情况。中国财政部经济建 设司司长郭方明在此间透露，中央财政聚焦城市更新重点任务，强化财政政策和资金保障。"十四五"以 来，共安排中央补助资金约1594亿元(人民币，下同)，支持城镇老旧小区改造。 他还透露，2023年以来安排中央补助资金153亿元，支持推进城中村改造。"十四五"期间安排中央补助 资金约600亿元，支持60个城市系统化全域推进海绵城市建设，带动总投资1600亿元。2024年安排中央 预算内投资、超长期特别国债、增发国债等资金超过4250亿元，支持地方开展城镇燃气管道更新改造、 城市排水防涝提升工程等项目。 中央财政加大对城市更新行动的支持。 此外，中央财政还聚焦财政金融政策协同，推 ...

Group 1 - Xi Jinping emphasized the need for high-quality development and effective governance during his inspection in Henan, aiming to promote modernization in the Central Plains region [4][5] - The Chinese government plans to introduce multiple measures to support urban renewal initiatives [8] - The National Development and Reform Commission reported that various macroeconomic policies have been effective this year, leading to an expansion of domestic demand and improved economic performance [9] Group 2 - The State Grain and Material Reserves Administration announced that the new season's summer grain procurement is expected to reach approximately 200 billion jin [10] - The efficiency of wheat harvesting has significantly improved this year as major wheat-producing regions enter the harvest period [11] - The national railway system reported a total cargo shipment of 1.299 billion tons from January to April, reflecting a year-on-year increase of 3.6% [12]

Group 1 - The Chinese government is focusing on modernizing the industrial system and strengthening agriculture to improve people's livelihoods and enhance social governance [3] - The government aims to promote ecological environment protection and cultural prosperity as part of its high-quality development strategy [3] Group 2 - The meeting between Wang Huning and the Mexican Speaker of the House emphasized the commitment to deepen practical cooperation and strengthen cultural exchanges between China and Mexico [4] - Both sides expressed a desire to enhance collaboration in trade, technology, education, and training [4] Group 3 - The Ministry of Housing and Urban-Rural Development announced plans to improve living conditions in urban areas, focusing on the renovation of old residential communities [5][6] - Financial support will be provided through tax incentives and increased funding for urban renewal projects [5][6] Group 4 - The National Development and Reform Commission reported that multiple macroeconomic policies have been effective in expanding domestic demand, with fixed asset investment projects totaling 573.7 billion yuan approved in the first four months of the year [7][8] - The sales of automobiles, home appliances, and digital products reached approximately 830 billion yuan as of May 5 [8] Group 5 - The National Food and Strategic Reserves Administration announced that summer grain procurement is set to reach around 200 billion jin, with preparations already in place for the peak season [9] - The railway sector reported a total cargo shipment of 1.299 billion tons from January to April, reflecting a year-on-year growth of 3.6% [10]

Group 1 - Xi Jinping emphasized the need to strengthen confidence in promoting high-quality development and efficient governance during his inspection in Henan, aiming to write a new chapter for the modernization of the Central Plains [1] - The new season's summer grain purchase volume is expected to reach approximately 200 billion jin [7] - From January to April, the national railway has cumulatively sent 1.299 billion tons of goods [9] Group 2 - Multiple macroeconomic policies continue to exert positive effects, leading to an improved economic operation [6] - In April, China's cross-border capital flow showed a net inflow [11][11] - The loan market quotation rate decreased by 10 basis points in May [11]

Group 1 - Xi Jinping emphasized the need to strengthen confidence in promoting high-quality development and efficient governance during his inspection in Henan, aiming to write a new chapter in advancing Chinese-style modernization [1][1][1] - Multiple macroeconomic policies are continuously being implemented to improve economic performance [6][6][6] - The new season's summer grain purchase volume is expected to reach approximately 200 billion jin [7][7][7] Group 2 - From January to April, the national railway sent a total of 1.299 billion tons of goods [9][9][9] - In April, China's cross-border capital showed a net inflow overall [11][11][11] - The loan market quotation rate decreased by 10 basis points in May [13][13][13]

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]

5月20日，国新办就《关于持续推进城市更新行动的意见》有关情况举行新闻发布会。财政部经济建设 司司长郭方明会上介绍，2024年，为引导部分大中城市探索建立可持续的城市更新模式，启动实施城市 更新行动，首批确定了15个城市。今年，住建部将和财政部再选拔第二批20个城市。同时，财政部也将 对相关城市的工作进展、资金使用管理等开展绩效评价，强化追踪问效，高质量推进城市更新行动。 (大河财立方) ...

Core Viewpoint - The Ministry of Natural Resources is implementing a unified spatial planning approach, referred to as "one map," to support urban renewal initiatives by enhancing resource management and spatial planning [1] Group 1: Urban Renewal Support - The initiative aims to strengthen the investigation of existing resource assets, clarifying their quantity, ownership, and usage [1] - The "one map" approach will facilitate comprehensive lifecycle management, including investigation, registration, rights, planning, usage control, and law enforcement [1] - The Ministry plans to collaborate closely with the Ministry of Housing and Urban-Rural Development to identify issues and enhance policy supply for effective urban renewal [1]

房地产 房地产 新房二手房成交面积环比增长，持续推进城市更新行 《物管发展节奏更沉稳，Reits 迎来新 机遇—行业深度报告》-2025.5.16 《新房二手房成交面积同环比下降， 央行再度下调 LPR 25BP—行业周报》 -2025.5.11 《2025 年 1-4 月百强销售金额点评： 1-4 月百强销售同比收缩，建发华发单 月销售表现靓眼—行业点评报告》 -2025.5.8 齐东（分析师） 胡耀文（分析师） 杜致远（联系人） qidong@kysec.cn 证书编号：S0790522010002 huyaowen@kysec.cn 证书编号：S0790524070001 duzhiyuan@kysec.cn 证书编号：S0790124070064 核心观点：新房二手房成交面积环比增长，持续推进城市更新行动 2025 年 05 月 18 日 投资评级：看好（维持） 行业走势图 数据来源：聚源 -36% -24% -12% 0% 12% 24% 2024-05 2024-09 2025-01 房地产 沪深300 相关研究报告 投资端：2025 年第 20 周，全国 100 大中城市推出土地规划建筑面积 1 ...

国内市场综述 弱势整理 缩量回调 周四（5 月 15 日）大盘弱势整理，缩量回调。截至收 盘，上证综指收于 3380.82 点，下跌 0.68%；深成指 收于 10186.45 点，下跌 1.62%；科创 50 下跌 1.26%； 创业板指下跌 1.92%，万得全 A 成交额共 11904 亿元， 较前一日有所下降。 行业方面，30 个中信一级行业有 27 个行业收跌，其 中综合金融、计算机及通信跌幅居前，仅有煤炭、农 林牧渔、电力及公用事业小幅收涨。概念方面，动物 保健精选、医美及乳业等指数表现活跃。 海外市场综述 美国三大股指收盘涨跌不一，思科涨近 5% 周四（5 月 15 日），美国三大股指收盘涨跌不一，道 指涨 0.65%，标普 500 指数涨 0.41%，纳指跌 0.18%。 思科涨近 5%，可口可乐涨超 3%，领涨道指。万得美国 科技七巨头指数跌 0.86%，亚马逊、脸书跌超 2%。中 概股普遍下跌，老虎证券跌超 8%，阿里巴巴跌逾 7%。 新闻精要 1. 李强在做强国内大循环工作推进会上强调：把做强 国内大循环作为推动经济行稳致远的战略之举 2. 最高法、证监会联合发布《关于严格公正执法司法 服 ...