五是以人为本，提升公共服务和基础设施保障水平。聚焦"七有"要求和"五性"需求，适应人口结构变 化，补充完善公共服务设施短板，强化重点居住区域、重点产业园区配套设施用地协同配置，安排公共 管理与服务用地650公顷，首次单列绿地与广场用地300公顷，推动花园城市建设。畅通道路微循环，加 强区域交通联通，增强市政基础设施韧性，安排交通运输用地950—1350公顷，水域及水利设施用地110 公顷，特殊用地100公顷。 在空间布局上，继续深入落实"一核一主一副、两轴多点一区"的城市空间结构，引导城市功能、人口与 资源在圈层间合理分布与高效配置，提升平原多点和副中心综合承载能力。 据介绍，2026年，《供地计划》突出五大实施导向，推动城市发展模式向内涵式提升转变。一是减量提 质，强化城市规划的管控和引导作用。严守耕地和永久基本农田、生态保护红线、城镇开发边界"三条 控制线"，2026年度全市安排城乡建设用地净减量任务500公顷，较2025年减少40公顷。 二是激活存量，大力实施城市更新。继续引导存量建设用地供应占比达到65%左右。首次单列城市更新 计划指标，逐步推动存量更新规模不低于新增供应规模，鼓励片区更新，激活城市存 ...

1月20日，自然资源部召开例行新闻发布会，联合住房城乡建设部发布《关于进一步支持城市更新行动 若干措施的通知》（以下简称《通知》）。《通知》推出增强详细规划适应性、优化过渡期支持政策、 推进存量土地和空间的临时利用、鼓励资源资产组合供应整体运营、创新不动产登记服务、妥善处置历 史遗留问题等系列举措，着力破解城市更新中的政策堵点，进一步强化规划与土地政策融合。 针对存量土地和空间的临时利用，《通知》明确在保障安全、不影响远期规划实施前提下，各地可制定 空闲建设用地的临时利用规则并加强实施监管；制定存量建（构）筑物不增加容积率和高度情况下的临 时利用管控规则。如杭州制定了临时用地、临时改变房屋用途等管理实施细则。 围绕鼓励资源资产组合供应整体运营，《通知》提出积极开展特色资源调查和活化利用，建立健全多门 类资源资产在特定国土空间范围内的组合供应，提升资源利用综合效能。如湖南、湖北等地探索将自然 资源资产打包组合供应，提升空间价值。 对于创新不动产登记服务，《通知》明确各地可开展预编不动产单元预告登记；对老旧住房自主更新项 目，可采用直接按户首次登记；对土地带建筑一并收储供应的，探索简化申请材料。如盐城出台产权归 ...

（二）可结合新产业、新业态发展需求，制定土地混合开发和空间复合利用正面清单和管控要求，经详细规划审批机关批准；城市更新项目实施中，符合 正面清单的，即视为符合详细规划。 为落实《中共中央 国务院关于推动城市高质量发展的意见》《中共中央办公厅 国务院办公厅关于持续推进城市更新行动的意见》要求，结合各地城市 更新实践需求，在已有支持城市更新的规划和土地政策指引基础上，现就进一步支持城市更新行动的措施通知如下。 每经编辑｜段炼 一、增强详细规划适应性 1月20日，自然资源部、住房城乡建设部发布《关于进一步支持城市更新行动若干措施的通知》。 （一）依据国土空间总体规划和城市更新专项规划确定的城市更新目标和工作重点，结合"十五五"城市更新行动需求，对拟实施城市更新区域的详细规划 进行评估、优化。可按照法定程序和相关要求，采取技术修正、优化调整等方式优化原有详细规划，并纳入国土空间规划"一张图"（以下简称"一张图"） 实施监督。可结合完善公众参与和监督方式，制定简化详细规划修改程序。 （三）在保证公共安全和公共利益、不影响周边利害关系人合法权益、不改变建筑主体结构、不破坏历史风貌和景观环境、落实用地需求的前提下，可对 改 ...

北京商报讯（记者 和岳）1月20日，自然资源部、住房城乡建设部发布的《关于进一步支持城市更新行 动若干措施的通知》提出，利用存量土地、房产资源发展国家支持产业、行业的，可享受一定年期内不 改变用地主体和规划条件的过渡期政策，过渡期原则上不超过5年。过渡期届满时，符合产业发展方向 和履约监管要求的，依法依约定按照新用途办理用地手续；不符合的，按照约定退出过渡期支持政策， 维持原有土地用途。过渡期满办理土地有偿使用手续的，可采取租赁或协议出让方式。 ...

北京商报讯(记者和岳)1月20日，自然资源部、住房城乡建设部发布的《关于进一步支持城市更新行动 若干措施的通知》提出，依据国土空间总体规划和城市更新专项规划确定的城市更新目标和工作重点， 结合"十五五"城市更新行动需求，对拟实施城市更新区域的详细规划进行评估、优化。其中，可按照法 定程序和相关要求，采取技术修正、优化调整等方式优化原有详细规划，并纳入国土空间规划"一张 图"实施监督；可结合完善公众参与和监督方式，制定简化详细规划修改程序。 ...

智通财经APP获悉，1月20日，自然资源部、住房城乡建设部发布《关于进一步支持城市更新行动若干 措施的通知》。其中提出，优化过渡期支持政策。利用存量土地、房产资源发展国家支持产业、行业 的，可享受一定年期内不改变用地主体和规划条件的过渡期政策，过渡期原则上不超过5年。过渡期届 满时，符合产业发展方向和履约监管要求的，依法依约定按照新用途办理用地手续；不符合的，按照约 定退出过渡期支持政策，维持原有土地用途。过渡期满办理土地有偿使用手续的，可采取租赁或协议出 让方式。 二、优化过渡期支持政策 原文如下： 自然资源部 住房城乡建设部关于进一步支持城市更新 行动若干措施的通知 各省、自治区、直辖市和国务院审批国土空间总体规划城市及新疆生产建设兵团自然资源主管部门、住 房城乡建设部门： 为落实《中共中央 国务院关于推动城市高质量发展的意见》《中共中央办公厅 国务院办公厅关于持续 推进城市更新行动的意见》要求，结合各地城市更新实践需求，在已有支持城市更新的规划和土地政策 指引基础上，现就进一步支持城市更新行动的措施通知如下。 一、增强详细规划适应性 (一)依据国土空间总体规划和城市更新专项规划确定的城市更新目标和工作重 ...

Core Viewpoint - The Ministry of Natural Resources and the Ministry of Housing and Urban-Rural Development have issued measures to further support urban renewal actions, emphasizing diversified financing methods and increased central budget investments [1][2]. Financing Support - The government plans to enhance support through ultra-long-term special bonds for eligible projects, with central financial backing for urban renewal initiatives [1][2]. - Local governments are encouraged to increase fiscal input and consolidate relevant funds, utilizing special local government bonds for qualifying urban renewal projects while prohibiting illegal debt financing [1][2]. Tax and Financial Policies - Implementation of tax and fee reduction policies related to urban renewal is highlighted [1][2]. - Various financial institutions are encouraged to actively participate in urban renewal under the conditions of legal compliance, risk control, and commercial sustainability, with a focus on strengthening credit support [1][2]. Market Participation - The measures aim to improve market-oriented financing models to attract social capital for urban renewal projects [1][2]. - Eligible projects are encouraged to issue real estate investment trusts (REITs), asset-backed securities, and corporate credit bonds in the infrastructure sector [1][2].

Investment Rating - The report maintains a "Positive" outlook for the real estate industry, indicating an expectation of returns that outperform the market benchmark by over 5% [7]. Core Insights - The effectiveness of real estate policies is more important than their quantity, with a focus on interest rate cuts and direct financial support for enterprises and residents [2]. - Recent publications in "Qiushi" emphasize the importance of managing expectations in stabilizing the real estate market, suggesting a shift from gradual measures to more decisive actions [3]. - The expectation of a stronger policy combination by 2026 is reinforced by ongoing discussions in "Qiushi" regarding real estate and urban renewal [5]. Summary by Sections Policy Developments - The minimum down payment for commercial properties has been reduced from 50% to 30%, aimed at lowering entry barriers for buyers amid significant inventory issues [4]. - The interest rate for guaranteed housing re-loans has been cut by 25 basis points to 1.25%, which narrows the gap between funding costs and net rental yields, although large-scale storage initiatives still require further policy support [4]. Investment Recommendations - The report suggests focusing on the timing and intensity of policy announcements in 2026, with a left-side layout strategy recommended [5]. - Three categories of investment targets are highlighted for potential excess returns: 1. Quality developers with low historical burdens and strong sales growth expectations [5]. 2. Commercial real estate operations, particularly shopping centers that can maintain growth in a slowing economy [5]. 3. Real estate brokerage platforms that leverage scale and brand advantages for better bargaining power [5].

Core Viewpoint - A new wave of applications for free trade zones (FTZs) is anticipated, with several provinces, including Gansu, actively pursuing FTZ establishment to enhance economic growth and urban development [2][5]. Group 1: Free Trade Zone Applications - Gansu has explicitly proposed to actively apply for the establishment of the China (Gansu) Free Trade Experimental Zone, aiming to enhance market vitality and facilitate the free flow of goods, services, capital, and technology [3][5]. - The central economic work conference indicated a potential expansion of FTZs, which could benefit Gansu as a significant inland province in Northwest China [5]. Group 2: Urban Renewal Projects - Gansu's capital, Lanzhou, is focusing on urban renewal projects, including several key renovation initiatives in the city, such as the old city renovation in the Chengguan District [6][8]. - The Lanzhou Urban Rail Transit Phase II construction planning is underway, although current application conditions have not yet been met [7]. Group 3: Transportation Infrastructure - Multiple transportation projects are being actively developed in Lanzhou, including the comprehensive construction of the Ring Lanzhou Railway and the initiation of the Lanzhou-Hebei Railway project, expected to be operational by mid-2027 [9][10]. - During the 14th Five-Year Plan period, Lanzhou has implemented 169 key transportation projects, with 131 completed, adding 262.2 kilometers of high-grade highways [10]. Group 4: New Industries and Economic Development - Lanzhou is advancing various new industry projects, including a new energy battery production base with an investment of 2.8 billion yuan, aimed at establishing a modern production facility for lithium iron phosphate energy storage cells [14]. - The city is also developing a smart manufacturing digital industry base, which includes an artificial intelligence industrial park and standardized manufacturing facilities [14]. Group 5: Cultural and Tourism Development - Lanzhou is investing in cultural and tourism projects, such as the immersive performance project "Lanzhou: Seeing the Mountains and Seas," with a total investment of approximately 970 million yuan [17]. - The city is also planning to develop two specialty beef noodle towns and has initiated a detailed planning project for a 6,738.6-acre area to enhance modern industrial development and ecological living [19].

1. Industry Investment Rating - There is no information about the industry investment rating in the report. 2. Core Viewpoints - On January 19, the main contracts 2605 of coke and coking coal futures rebounded and then weakened again. The daily KDJ indicators of the 2605 contracts of coke and coking coal continued to decline after a dead - cross the previous day, and the red bars of the daily MACD of the 2605 contracts of coke and coking coal narrowed for 5 consecutive trading days. News factors hindered the recent rise of coal - coke futures, and fundamental changes led to the weak and volatile trend of coal - coke futures. It is expected that the market may first decline and then rise, and it is still advisable to try to buy hedging or investment positions at low prices after the correction [5][8][11]. 3. Summary by Relevant Catalogs 3.1 Market Performance - **Futures Market**: On January 19, for the J2605 contract, the previous closing price was 1717 yuan/ton, the opening price was 1720 yuan/ton, the highest price was 1762 yuan/ton, the lowest price was 1713.5 yuan/ton, the closing price was 1721 yuan/ton, with a decline of 1.04%, the trading volume was 23,136 lots, the open interest was 37,637 lots (a decrease of 1,090 lots), and the capital inflow/outflow was - 0.34 billion yuan. For the JM2605 contract, the previous closing price was 1171 yuan/ton, the opening price was 1172.5 yuan/ton, the highest price was 1199 yuan/ton, the lowest price was 1161 yuan/ton, the closing price was 1174.5 yuan/ton, with a decline of 0.80%, the trading volume was 1,006,909 lots, the open interest was 502,734 lots (an increase of 5,024 lots), and the capital inflow/outflow was 0.92 billion yuan [5]. - **Black - series Futures Positions**: On January 19, in the black - series futures market, the long - short positions and their changes in different contracts varied. For example, in the RB2605 contract, the top 20 long positions were 1,063,915 lots (a decrease of 40,406 lots), the top 20 short positions were 1,121,177 lots (a decrease of 5,779 lots), and the long - short difference was - 34,627 lots with a deviation of - 3.17%. [6] 3.2 Spot Market and Technical Analysis - **Spot Market**: On January 19, the flat - price index of quasi - first - class metallurgical coke at Rizhao Port, Qingdao Port, and Tianjin Port was 1470 yuan/ton with no change. The aggregated price of low - sulfur primary coking coal in different regions such as Tangshan, Lvliang, and Linfen also remained unchanged [8]. - **Technical Analysis**: The daily KDJ indicators of the 2605 contracts of coke and coking coal continued to decline after a dead - cross the previous day, and the red bars of the daily MACD of the 2605 contracts of coke and coking coal narrowed for 5 consecutive trading days [8]. 3.3 News and Fundamental Analysis - **News**: On January 17, the first shipment of nearly 200,000 tons of Simandou iron ore arrived at Baowu's Majishan Port. On January 18, an explosion occurred at the Baotou Steel Branch in Inner Mongolia. On January 17, US President Trump announced tariffs on 8 European countries' exports to the US, which triggered EU's consideration of counter - measures [10]. - **Fundamentals**: Recently, independent coking enterprises have been in continuous losses for 4 weeks, and the loss margin has widened for 2 consecutive weeks. Their coke production decreased slightly after 2 consecutive weeks of increase. Port coke inventories have been rising for 4 consecutive weeks from the lowest level since mid - January last year, and steel mill coke inventories have been rising for 4 consecutive weeks and reached a new high since mid - October last year, while coking enterprise coke inventories have been falling for 4 consecutive weeks from the highest level since late July last year. Since January 12, the Mongolian coal customs clearance volume has rebounded again. Except on January 16, the Mongolian coal customs clearance volume at the Ganqimaodu Port has been above 190,000 tons. Recently, the coking coal inventories of 230 independent coking plants have increased significantly, while the coking coal inventories of steel enterprises and ports have been relatively stable [11]. 3.4 Industry News - The State Council executive meeting on January 16 emphasized promoting consumption. The Ministry of Commerce held talks on China - Canada economic and trade relations. The Minister of Housing and Urban - Rural Development proposed urban renewal tasks. National statistical data showed the production and economic indicators of various industries in 2025, including the production of coke, steel, etc., and the economic operation data of the real estate market. The National Energy Administration announced that China's total social electricity consumption exceeded 10 trillion kWh in 2025. Some companies released their operation data and performance forecasts, and there were also news about international trade and corporate development strategies [12][13][14][15]. 3.5 Data Overview - The report provides multiple data charts including the spot price index of metallurgical coke, the aggregated spot price of primary coking coal, the production and capacity utilization rate of coking plants and steel mills, the national daily average pig iron production, the coke inventories of ports/steel mills/coking plants, the profit per ton of coke in independent coking plants, the production and operating rate of sample mines, the inventories of clean coal and raw coal in sample mines, the coking coal inventories of ports/coking plants/steel mills, and the basis of Rizhao Port's quasi - first - class coke and Linfen's low - sulfur primary coking coal with the May contracts [16][17][24][29][30][37].