本报（chinatimes.net.cn）记者刘诗萌 北京报道 "稳楼市"的提法，在一年一度的中央经济工作会议前夕，再度出现在高层会议的表述中。 新提"消除安全隐患" 11月底，香港大埔一座31层住宅宏福苑发生火灾，截至目前造成159人死亡，仍有31人失联。在这次事 件中，高层建筑暴露出发生火灾后扑救难、疏散慢、蔓延快的痛点，带来了深刻的警示。 12月3日，国务院以"深入推进以人为本的新型城镇化，着力构建城乡融合发展新格局"为主题，进行第 十七次专题学习。国务院总理李强在会上强调，要深入实施城市更新行动，把城市更新和消除安全隐 患、稳楼市等工作结合起来，扎实推进好房子建设和房地产高质量发展。 值得注意的是，去年的中央经济工作会议明确提出要"稳住楼市股市"，并在多处强调了大力实施城市更 新、城中村改造，赋予"稳楼市"在新一轮高质量发展中的重要使命，今年3月政府工作报告也再次提到 稳住楼市股市。而相比之下，"消除安全隐患"则是一个新的提法，在近期香港大埔宏福苑火灾事故发生 之后，各地也掀起了高层建筑火灾隐患的排查行动。 上海易居房地产研究院副院长严跃进向《华夏时报》记者表示，在城市发展新阶段，将城市更新与消除 安 ...

Report Industry Investment Rating - No information provided Core View of the Report - In the context of China's mild economic recovery and the increasing expectation of global liquidity easing, the policy resonance of the Fed's December interest rate meeting and China's Central Economic Work Conference will affect the A-share market rhythm in December and lay the foundation for the cross-year market and investment themes in 2026. Before the official implementation of the policies of the two meetings, funds may be more cautious, and the stock market is expected to remain volatile, with funds favoring defensive allocations. Once the meeting contents are clear and the positive policy signals resonate with the Fed's interest rate cuts, market risk appetite is expected to rise again [2] Summary by Relevant Catalogs 1. Stock Index Futures Market - **IF Contracts**: The previous day's closing prices of IF contracts decreased compared to the day before, with declines ranging from -0.25% to -0.30%. The trading volume and open interest of each contract varied, and the open interest of all contracts increased [1] - **IH Contracts**: The previous day's closing prices of IH contracts also decreased, with declines ranging from -0.35% to -0.41%. The trading volume and open interest showed different trends, and the open interest of most contracts increased [1] - **IC Contracts**: The previous day's closing prices of IC contracts dropped, with declines from -0.35% to -0.42%. The trading volume and open interest changed, and the open interest of all contracts increased [1] - **IM Contracts**: The previous day's closing prices of IM contracts decreased, with declines ranging from -0.53% to -0.58%. The trading volume and open interest varied, and the open interest of all contracts increased [1] - **Inter - month Spreads**: The inter - month spreads of IF, IH, IC, and IM contracts had different values compared to the previous values, with some spreads widening and some remaining the same [1] 2. Stock Index Spot Market - **Stock Indexes**: The previous day's values of the Shanghai - Shenzhen 300, Shanghai 50, CSI 500, and CSI 1000 indexes decreased compared to the day before, with declines of -0.51%, -0.52%, -0.62%, and -0.89% respectively. The trading volume and total trading amount also changed [1] - **Industry Indexes**: Different industries in the Shanghai - Shenzhen 300 industry index showed different trends, with the raw materials industry rising by 0.85% and other industries such as energy, industry, and optional consumption showing declines [1] 3. Basis between Futures and Spot - The basis between futures and spot of IF, IH, IC, and IM contracts all decreased compared to the day before, indicating changes in the relationship between futures and spot prices [1] 4. Other Domestic and Overseas Indexes - **Domestic Indexes**: The Shanghai Composite Index, Shenzhen Component Index, Small and Medium - sized Board Index, and ChiNext Index all decreased, with declines ranging from -0.51% to -1.12% [1] - **Overseas Indexes**: The Hang Seng Index decreased by -1.28%, the DAX Index decreased by -0.07%, the S&P 500 Index increased by 0.30%, and the Nikkei 225 Index remained unchanged [1] 5. Macroeconomic Information - The US ADP employment data in November showed a decrease of 32,000 private - sector jobs, the largest decline since March 2023, far below market expectations. The probability of the Fed cutting interest rates by 25 basis points in December is close to 90% [2] - Chinese Premier Li Qiang pointed out that new - type urbanization is an important carrier for expanding domestic demand, promoting industrial upgrading, and strengthening the domestic economic cycle. Relevant measures should be taken in urbanization planning, population citizenization, urban renewal, and breaking the urban - rural dual structure [2] - The US President signed a law regarding US - Taiwan relations, and China urged the US to stop official exchanges with Taiwan and not send wrong signals to "Taiwan independence" forces [2] - The State Council approved the "Yangtze River Delta Territorial Space Planning (2023 - 2035)", which aims to support Shanghai in playing a leading role and promote the construction of a world - class city cluster [2] - From January to November this year, consumer goods trade - in drove related commodity sales of over 2.5 trillion yuan, benefiting over 360 million people. From January to October, China's service trade imports and exports totaled 6.58443 trillion yuan, a year - on - year increase of 7.5%, and the service trade deficit decreased by 269.39 billion yuan year - on - year [2] 6. Industry Information - The Ministry of Culture and Tourism and the Civil Aviation Administration issued an action plan for the integrated development of culture, tourism, and civil aviation, including 15 specific measures [2] - As the fourth batch of 69 billion yuan of national subsidy funds is further consumed, more than 20 cities across the country have suspended or adjusted automobile trade - in subsidy activities [2] - In November, the retail sales of the national passenger car market were 2.263 million units, a year - on - year decrease of 7%. Among them, the retail sales of the new - energy vehicle market were 1.354 million units, a year - on - year increase of 7%, and the penetration rate of the new - energy vehicle market was 59.8% [2] - In November, China's logistics industry prosperity index was 50.9%, up 0.2 percentage points from the previous month. Energy logistics demand slowed down, while logistics demand in the industrial manufacturing and consumer sectors showed positive and stable trends respectively [2]

中新网浙江新闻12月3日电（奚金燕 俞萍）在长三角G60科创走廊自西向东延展的版图上，浙江金华正 经历一场深刻的城市嬗变。曾经厂房林立、效益低下的传统工业区块，如今正以"科创中心·智慧西 岸"的全新面貌加速崛起。金华中央创新城（南区）用五年时间，交出了一份"工业锈带"向"创新绿 带"转型的生动答卷，也为当前城市更新与产业升级提供了可借鉴的实践范式。 破局：老工业园区的系统重构 回溯至2019年，位于浙江金华经济技术开发区核心区域的湖海塘西岸还是块刺眼的"城市补丁"：37家低 效企业零星分布，亩均税收不足5万元；三个城中村被老旧基础设施环绕，与一湖之隔的东岸现代化住 区形成鲜明对比。空间割裂、产业滞后、功能混杂，成为制约城市高质量发展的突出短板。 转机源于宏观战略的落地与前瞻规划的引领。随着长三角一体化发展国家战略的深入推进，G60科创走 廊建设提速，金华作为重要节点城市，其核心区块的能级提升迫在眉睫。地方政府没有选择"头痛医 头、脚痛医脚"的局部修补，而是下定决心对片区进行全域系统性重构。规划引入了"空间针灸"理念， 以关键交通廊道、生态修复工程和高端产业载体作为刺激区域再生的"银针"，精准激活发展穴位。 交 ...

具体包括伊河大厦升级改造城市更新项目、中原区养老服务中心项目、德化1905城市更新项 目、"京淮里"地铁口改造项目、南信息广场改造升级城市更新项目、金水区密登堡创意园城市更新项 目、河南中烟黄金叶生产制造中心新型烟草技术研发生产中心城市更新项目、惠济区古荥镇西山路雨污 水改造项目、上海交通大学郑州数智医学与3D打印创新园区城市更新项目、城发高新生物经济产业园 城市更新项目、郑西健康食品产业园、巩义市医疗器械生物科技小微企业园城市更新项目、中牟城市热 力工程综合建设项目、郑州新区污水处理厂活性焦再生项目、上街区敬老院城市更新项目。 此外，另有9个项目因已竣工调整出城市更新项目库，包括郑东新区郑州市东周水厂提升工程、中 原区中原智慧岛数字经济产业园、金水区金投·庆礼文创园项目、荥阳市汜河小流域综合治理工程、新 密市郑州黄河护理职业学院新密校区城市更新项目、越达智能装备制造城市更新项目一期、河南雅奇明 胶城市更新项目、新能环境科技城市更新项目、中牟县丰惠鲜便民中心（府前街蔬菜综合市场）提升改 造城市更新项目。 记者昨日从市城乡建设局获悉，该局依据相关文件要求对城市更新项目库进行调整，15个项目于近 期通过评审并完成 ...

Group 1 - The core focus of Wuxi's urban management is to enhance the quality of life for its residents through refined governance and cultural integration, aiming for a higher quality urban living experience by 2025 [1] - Wuxi has implemented 100 key projects as part of its "New Three-Year Action" plan, which emphasizes urban renewal and service upgrades [1] - The city is integrating ecological protection with recreational needs, exemplified by the Gonghu Bay waterfront space, which combines nature with leisure activities [2] Group 2 - Wuxi has introduced 10.4 million new parking spaces during the "14th Five-Year Plan" period, addressing the common issue of parking difficulties [3] - The city has implemented a free parking initiative for parents picking up children from school, providing over 11,000 parking spaces across 82 schools [3] - Wuxi is promoting smart parking solutions, including a "pay after leaving" system and discounts for public transport users [3] Group 3 - Wuxi supports the establishment of diverse consumer spaces, including 43 temporary markets and various community engagement initiatives to cater to youth social needs [4] - The city is creating shared urban spaces that combine culture, commerce, and lifestyle, enhancing the local community experience [4] Group 4 - Wuxi has initiated community-based urban management practices, involving multiple departments to address local issues effectively, with over 1,800 personnel engaged in community service [6] - The city has established 33 "Star Stations" to provide multifunctional support spaces for residents and visitors, enhancing community welfare [7] - Initiatives like the "Health and Safety Project" and "Love Breakfast Project" are aimed at supporting frontline sanitation workers, benefiting around 12,000 individuals [7]

Core Insights - The 2025 "Surging Urban Renewal Conference" in Shanghai emphasizes the transition of urban renewal from physical space regeneration to social connection restoration and multi-dimensional coexistence [1] - Chengdu's "Shaocheng District and Kuanzhai Alley Historical Cultural District Urban Renewal" project was awarded as a model case for urban renewal, highlighting the city's deep exploration of "protection and innovation coexistence" [2] Group 1: Urban Renewal Recognition - The "2025 Surging Urban Renewal Annual List" recognizes Chengdu's urban renewal practices as a benchmark for historical district revitalization in Western China [2] - The Shaocheng District, with a history of 2300 years, has undergone multiple rounds of organic updates since 2012, focusing on street preservation and community engagement [2][3] Group 2: Planning and Implementation - The organic renewal planning guidelines for Shaocheng District, developed in collaboration with UN-Habitat, expanded the historical cultural district area from 30 hectares to 133 hectares while preserving the original street layout [3] - The area has seen infrastructure upgrades and the emergence of diverse businesses, including bookstores and creative cultural spaces, enhancing the district's vibrancy [3] Group 3: Cultural and Economic Integration - The Kuanzhai Alley has an annual foot traffic of over 35 million, driven by a combination of cultural appeal and refined operational strategies [4] - The "Pan Kuanzhai" cultural business district plan aims to integrate successful experiences from Kuanzhai Alley into a broader context, enhancing the cultural and commercial landscape of Chengdu [6]

Core Points - The core focus of the news is the implementation of the "Five Reforms and Four Goods" urban renewal initiative in Wuhan, aimed at transforming the city's development model and enhancing economic growth through urban renewal projects [1][2][8]. Group 1: Urban Renewal Strategy - Wuhan plans to implement urban renewal over the next three years, focusing on the renovation of existing buildings, old neighborhoods, and industrial areas, with a target of adding 20,000 quality housing units and creating 200 quality communities by the end of 2027 [1][2]. - The urban renewal strategy is seen as a key driver for modern governance and high-quality development in mega cities, promoting a virtuous cycle of "renewal-investment-consumption-growth" [2][8]. Group 2: Economic and Social Impact - The urban renewal initiative aims to release land and space resources to attract new industries and projects, thereby facilitating industrial upgrades and innovative consumption scenarios [2][8]. - The plan includes the transformation of old industrial areas and unsafe housing, with a goal of renovating 750,000 square meters of unsafe housing and 300 old neighborhoods by 2027 [7][15]. Group 3: Historical and Cultural Preservation - The renewal of historical districts, such as the Xin'an Jiuru area, will focus on preserving cultural heritage while adapting to modern commercial needs, ensuring a balance between historical memory and contemporary demands [3][4]. - The urban renewal projects will incorporate innovative design and planning to enhance the area's cultural and commercial appeal, fostering a blend of history and modernity [4][9]. Group 4: Funding and Investment Models - To address funding challenges, Wuhan will adopt a "small-scale, micro-renovation, gradual, and sustainable" approach for urban micro-renewal, exploring new public-private partnership models [15][17]. - The city aims to leverage social capital through various financial instruments, including infrastructure investment trusts and asset securitization, to support urban renewal projects [17][18].

展览通过数字艺术、观念装置与文献叙事的多维交织，让凝固的工业遗产焕发出流动的时代精神。它不仅讲述了上海港口、航运、民生码头以及 黄浦江水岸的历史发展脉络，更从城市更新的视角，构建出陆家嘴太古源与未来的跨时空对话。 12月2日，"时代回响 源启新生"陆家嘴太古源"城市锚点"品牌艺术展启幕沙龙在项目接待中心正式举行，历史与未来在百年民生码头交汇。陆家 嘴集团与太古地产用一场艺术展，向公众生动诠释城市更新的全新维度：不仅重塑物理空间，更旨在为奔流的城市精神，寻找一个可以停靠的栖 居水岸、一个回应历史与焕发新活力的永恒坐标。 陆家嘴股份公司副总经理兼东袤置业有限公司董事长马越在致辞中所言："陆家嘴集团作为城市开发运营者，将与太古地产携手、通过创新性实 践，持续探索工业遗存与未来生活相融合的城市更新之路，让滨水空间在传承中焕发新的活力。" 随后的沙龙对谈环节，由太古地产零售业务（上海浦东）总经理顾育真、复旦大学文物与博物馆学系国土与文化资源研究中心副教授侯实、原上 海港民生港务公司筒仓队队长兼支部书记朱维义、乐山乐水情境体验创始人唐莺四位嘉宾，围绕"工业遗产 当代焕新"的话题，展开深度交流。 随着嘉宾共同点亮启动装置， ...

Core Viewpoint - The article emphasizes the importance of urban renewal in Wuhan as a key strategy for modern governance and high-quality development, focusing on the "Five Reforms and Four Goods" initiative to enhance urban quality and drive economic transformation [2][8]. Urban Renewal Strategy - Wuhan plans to implement a three-year action plan for urban renewal, aiming to transform existing buildings, old neighborhoods, and industrial areas, with a target of adding 20,000 quality housing units and creating 200 quality communities by the end of 2027 [1][4]. - The urban renewal process is expected to create a virtuous cycle of "renewal - investment - consumption - growth," balancing improvements in living conditions with economic transformation [2][8]. Historical and Cultural Preservation - The renewal of the Xin'an Jiuru area aims to preserve historical elements while adapting to modern commercial needs, with a focus on maintaining the cultural heritage of the area [4][5]. - The project will utilize a "mushroom planting" approach for meticulous restoration, ensuring that historical sites are preserved while enhancing connectivity with modern commercial districts [4][5]. Housing and Safety Improvements - The action plan includes the renovation of unsafe housing, with a goal to complete 750,000 square meters of unsafe housing renovations and 300 old community upgrades by 2027 [7][16]. - The initiative encourages community-driven housing cooperatives to facilitate the reconstruction of aging residential buildings, improving living conditions for residents [7][16]. Innovation and Economic Development - The urban renewal strategy will focus on revitalizing areas around universities to enhance innovation and attract talent, with plans to develop innovation hubs and incubators [10][11]. - The "Huan Huada Innovation Development Belt" aims to create a world-class innovation district, fostering collaboration between academia and industry to drive technological advancements [10][11]. Funding and Investment Models - To address funding challenges, Wuhan will adopt a "small-scale, micro-renovation, gradual, and sustainable" approach for urban micro-renewal, exploring new public-private partnership models [16][19]. - The city plans to leverage various funding sources, including policy-based financing and urban renewal funds, to support the initiative [17][19]. Policy and Regulatory Framework - The establishment of a comprehensive policy framework is recommended to support urban renewal efforts, including the development of a specific urban renewal regulation [19][20]. - The article suggests integrating and revitalizing state-owned resources and historical cultural assets as part of the urban renewal strategy [20][21].

Core Viewpoint - The expansion of the infrastructure REITs issuance scope aims to activate a large amount of existing assets in China, improve resource allocation, and enhance economic efficiency [1][2]. Group 1: Infrastructure REITs Expansion - The National Development and Reform Commission has released a new list for infrastructure REITs, including commercial office facilities and urban renewal projects as independent asset categories [1]. - The China Securities Regulatory Commission has proposed a pilot for commercial real estate REITs, which, along with the expanded infrastructure REITs, will help create a complete public REITs market in China [1]. - As of November 2025, there are 77 infrastructure REITs products with a total fundraising scale of approximately 220 billion yuan, indicating a relatively small scale compared to the vast existing assets in China [1]. Group 2: Impact on Consumption and Urban Renewal - The inclusion of sports venues, commercial complexes, and four-star hotels in the REITs framework is expected to stimulate supply-side improvements and innovation, thereby enhancing consumption scale and structure [2]. - The central urban work conference in 2025 emphasizes urban renewal, and incorporating old neighborhoods and factories into the REITs framework can help address funding challenges in urban renewal projects [2]. Group 3: Commercial Real Estate and Liquidity - Commercial real estate has a large scale and long recovery period, with many companies overly reliant on debt financing, leading to liquidity issues [3]. - REITs can provide a channel for asset exit and capital recovery for real estate companies, helping to activate existing assets and reduce debt ratios [3]. - The attractiveness of REITs is increasing due to low savings and bond yields, with a high mandatory dividend payout ratio making them appealing to investors [3]. Group 4: Operational Improvement and Market Growth - There is a need to focus on improving project operational capabilities, optimizing governance structures, and transitioning from "heavy development" to "precise operation" to enhance supply quality and attract more social capital [4].