● 新华社记者 11月20日，新华社推出第二十五期"中国经济圆桌会"大型全媒体访谈节目，邀请住房城乡建设部住房保 障司副司长潘伟，上海市住建委副主任、市房屋管理局局长高世昀，上海大学副校长、上海城市更新与 可持续发展研究院院长王从春，上海市黄浦区小西门居民区党总支书记顾佳怡，共话上海推进无卫生设 施旧住房提升改造带来的经验与启示。 瞄准"拎马桶"改造， 持续攻坚久久为功 2019年11月，习近平总书记在上海考察时指出，无论是城市规划还是城市建设，无论是新城区建设还是 老城区改造，都要坚持以人民为中心，聚焦人民群众的需求。 一面是高楼大厦的城市繁华，一面是里弄老房的手拎马桶场景。这样的反差，曾是国际化都市上海的一 道疤痕，是上海市民生活的一大痛点。 在石库门老房子里居住过的顾佳怡对此深有感触："我是'85后'，小时候一家四口挤在12平方米左右的 小房子里，没有独立卫生空间。天还没亮，家家户户的大人们就会拎着沉甸甸的马桶，往弄堂口的化粪 池跑，清倒完还在旁边清洗。" 城市是现代化的重要载体，承载着人民对美好生活的向往。 党的十八大以来，习近平总书记坚持人民立场，深刻把握新形势下我国城市发展规律和发展大势，创造 性 ...

Core Insights - The "Macho Land" in Zhujiang New Town is nearing the auction process, with a significant compensation plan recently disclosed, marking a critical step in its development [1][8] - The total compensation amount for the land is approximately 10 billion yuan, positioning it among the highest in urban renewal projects across China [1][11] - The land, covering an area of 362,000 square meters, is expected to become a competitive "land king" in Guangzhou due to its prime location and development potential [1][10] Compensation Plan - The compensation plan involves a total of about 10 billion yuan, with approximately 6.64 billion yuan allocated to shareholders after deducting taxes and necessary expenses [1][9] - The compensation will be distributed among shareholders based on their ownership ratios, with the largest shareholder, Guangzhou Yuecheng Investment, set to receive around 3.31 billion yuan [8][9] - The plan allows shareholders to choose to purchase the redeveloped properties, providing both immediate cash benefits and long-term value sharing [9][10] Development Timeline - The voting on the compensation plan is scheduled for November 26, 2025, which will further advance the land's auction process [1] - The area has seen a gradual evacuation of existing businesses since late last year, with preparations for demolition and land leveling underway [3][6] - The project is expected to accelerate in 2024, with the land included in the pilot project library for low-efficiency land in Tianhe District [9][10] Market Context - The "Macho Land" is strategically located at the intersection of Zhujiang New Town and Financial City, making it a prime area for high-end residential developments [10][12] - Recent sales in the vicinity, such as the Poly Yuexi Bay project, have demonstrated strong market demand, with sales exceeding 10 billion yuan on the first day of opening [10][13] - The area's concentration of luxury properties raises concerns about potential oversupply, suggesting a phased development approach may be prudent for future developers [10][13]

Core Insights - The implementation of housing inspection systems is being advanced in multiple cities, including Zhengzhou, Dongguan, Wuhan, and Changsha, with a focus on establishing funding mechanisms for these inspections [1][2] Group 1: Housing Inspection Implementation - Zhengzhou has released a draft notification outlining a pilot program for housing safety management, which includes the establishment of three systems: housing safety management funding, housing inspection, and housing insurance [1] - The initial inspection will target urban residential buildings aged 30 years and older, with a reward-based approach to support inspections for non-residential buildings of the same age [1] - Inspection results will categorize buildings as "pass," "basically pass," or "fail," with failed buildings requiring immediate cessation of use and further safety assessments or repairs [1] Group 2: Technical Guidelines and Frequency - Similar to Zhengzhou, many cities are focusing on buildings around 30 years old as primary inspection targets, with specific guidelines for inspection frequency based on building age and type [2] - For instance, in Changsha, buildings over 25 years old must undergo inspections every five years, while residential buildings with multiple owners must be inspected at least once every ten years [2] - The Wuhan Earthquake Engineering Research Institute has implemented detailed technical guidelines for inspections, ensuring accurate data collection and comprehensive lifecycle management [2] Group 3: Market Context and Future Implications - The real estate market in China has entered a phase of stock management, with urban renewal becoming a key driver for industry growth [3] - Housing inspections are expected to identify safety risks and minor renovation needs, facilitating the establishment of public funding accounts for urban renewal projects [3] - The comprehensive rollout of housing inspections is anticipated to provide a scientific basis for urban renewal decisions, enhancing the precision of funding allocation and renovation strategies [2][3]

Core Viewpoint - The implementation of housing inspection systems is being advanced in multiple cities, including Zhengzhou, Dongguan, Wuhan, and Changsha, with a focus on ensuring the safety and longevity of older residential buildings [1][2][3] Group 1: Housing Inspection Implementation - Zhengzhou has released a draft notification outlining a pilot program for housing safety management, which includes a funding system, inspection system, and insurance system [1] - The initial inspections will target urban residential buildings aged 30 years and older, covering critical components such as foundations, structural integrity, and essential facilities [1][2] - Inspection results will categorize buildings as "pass," "basic pass," or "fail," with failed buildings requiring immediate safety measures [1] Group 2: Technical Guidelines and Frequency - Similar to Zhengzhou, many cities are focusing on buildings over 30 years old for inspections, with specific guidelines for different building types [2] - For example, in Changsha, buildings over 25 years old must undergo inspections at varying frequencies, depending on their use and condition [2] - Wuhan has established detailed technical guidelines for inspections, ensuring accurate data collection and comprehensive management throughout a building's lifecycle [2] Group 3: Funding Mechanisms - Funding for inspections is primarily the responsibility of the building safety owners, while public funds or insurance responsibilities cover multi-owner residential buildings [3] - Zhengzhou's funding model includes a 50% subsidy for residential inspections from public accounts, while non-residential inspections are fully funded by the safety owners [3] - The introduction of "insurance + service" mechanisms is encouraged to provide risk prevention services for insured buildings [3] Group 4: Industry Implications - The housing inspection initiative is seen as a critical step in the transition to a stock market era in real estate, with urban renewal becoming a key growth driver [4] - Inspections can help identify safety risks and micro-renovation needs, facilitating more informed urban renewal decisions [4] - The establishment of public funding accounts for inspections may accelerate the development of financial support mechanisms in the real estate sector [4]

新华社北京11月20日电 二十届首都规划建设委员会第六次全体会议11月20日在京召开。中共中央政治 局常委、首规委主任蔡奇出席会议并讲话。 会议指出，在以习近平同志为核心的党中央坚强领导下，首规委各成员单位共同努力，推动首都规划建 设取得新进展。要深入学习贯彻党的二十届四中全会精神，学习贯彻习近平总书记关于首都规划建设的 重要论述，准确把握首都在中国式现代化全局中的定位作用，推动新时代首都发展，提升城市内涵式发 展水平，在中国特色城市现代化进程中发挥示范引领作用。 会议要求，持之以恒抓好各项任务落实。强化中央政务功能服务保障，持续改善政务环境。坚定有序疏 解非首都功能，更好支持河北雄安新区建设。加强文物腾退保护利用，深入推进城市更新，有序推进央 军地重大协同建设项目。优化京津冀城市体系，进一步强化空间协同。践行以人民为中心的发展思想， 在精准化、精细化上下功夫，解决城市体检发现的短板弱项。把安全发展理念贯穿到首都规划、建设、 发展、治理全过程，建设韧性城市，确保首都安全。 会议强调，要在党中央集中统一领导下，进一步完善首规委工作机制。北京市要落实好属地责任，各成 员单位要持续创新政策举措，首规委办要组织编制好 ...

Core Viewpoint - The collaboration between Ruian Real Estate and local state-owned enterprises in Shanghai's urban renewal project is expected to set a new benchmark for urban revitalization, showcasing the importance of diverse participation in enhancing regional vitality and value [1][2][6]. Company Summary - Ruian Real Estate has announced a significant partnership with three state-owned enterprises in Shanghai, forming a joint venture to focus on urban renewal projects [2][5]. - The newly established joint venture has a registered capital of 2.32 billion yuan, with total capital commitments amounting to approximately 9.162 billion yuan, positioning it among the largest urban renewal projects in Shanghai in recent years [6]. - Ruian Real Estate's actual equity in the joint venture is 13.26%, with a capital contribution of 3.573 billion yuan [6]. Industry Summary - The joint venture aims to develop the Sanlin project in the Pudong New Area, which is expected to cover a total construction area of approximately 723,900 square meters, primarily for residential and commercial use [7]. - The Sanlin project is anticipated to become a landmark urban renewal project, following successful examples like the Pandong Tiandi, which has shown significant market potential [8]. - The collaboration reflects a broader trend in Shanghai's urban renewal efforts, where diverse partnerships are increasingly seen as essential for overcoming funding gaps and development challenges [9][10].

Core Viewpoint - The collaboration between Ruian Real Estate and local state-owned enterprises in Shanghai's urban renewal project is expected to set a new benchmark for urban revitalization in the region, highlighting the importance of diverse participation in enhancing regional vitality and value [1][5][9]. Group 1: Project Overview - Ruian Real Estate announced a significant partnership with three state-owned enterprises to establish a joint venture for urban renewal in the Sanlin area of Pudong, Shanghai [2][4]. - The joint venture has a registered capital of 2.32 billion yuan, with a total capital commitment of approximately 9.162 billion yuan, making it one of the largest urban renewal projects in Shanghai in recent years [4][6]. - The project site covers approximately 723,900 square meters, primarily designated for residential and commercial use, and will encompass a full range of real estate development and management services [7][8]. Group 2: Strategic Implications - The partnership is seen as a strong integration of resources, combining Ruian's extensive experience in urban renewal with the local advantages of state-owned enterprises in resource integration and policy alignment [5][9]. - The Sanlin project is anticipated to enhance Ruian's position in the urban renewal sector in Shanghai, contributing positively to its property sales revenue and overall financial health [7][8]. - The project is expected to revitalize the Sanlin area, injecting new commercial vitality and cultural significance, potentially becoming a landmark project following Ruian's previous successes [8][9]. Group 3: Industry Trends - The Sanlin project reflects a broader trend in Shanghai's urban renewal efforts, where collaborative models involving both state and private capital are becoming increasingly common to address funding gaps and development challenges [9][10]. - Experts suggest that sustainable urban renewal requires a combination of government guidance, market mechanisms, and public participation to attract more social capital and enhance project viability [9][10]. - The emergence of projects like Sanlin is indicative of a shift towards a multi-stakeholder approach in urban renewal, moving away from traditional single-developer models [10].

Group 1 - The Ministry of Housing and Urban-Rural Development emphasizes the importance of urban renewal, aiming to enhance the quality of life and support high-quality urban development through systematic improvements in housing, communities, and urban infrastructure [2] - The China Chemical and Physical Power Industry Association plans to issue a notification to standardize the pricing in the lithium iron phosphate industry, suggesting that companies should adhere to the average cost range disclosed by the association to avoid price dumping [5] - The Ministry of Commerce, in collaboration with other departments, has issued a notice to strengthen the management of second-hand car exports, aiming to shift the focus from "scale growth" to "value growth" in the industry [3] Group 2 - In September 2025, the domestic smartphone market shipped 27.931 million units, marking a year-on-year increase of 10.1%, with 24.106 million of those being 5G smartphones, which represents 86.3% of total shipments [4] - The National Development Bank has completed the issuance of national student loans for 2025, providing 103.6 billion yuan to 7.02 million economically disadvantaged students [4] - The Guangdong Provincial Government has released a plan for the construction of a national digital economy innovation development pilot zone, targeting a digital economy core industry value-added share of over 16% of GDP by 2027 [6]

Core Insights - The modernization of cities is fundamentally about improving the lives of people, as demonstrated by Shanghai's efforts to enhance living conditions by eliminating outdated sanitation facilities [2][3] - Shanghai has made significant progress in urban renewal over the past 30 years, focusing on both the improvement of living standards and the preservation of historical architecture [2] - The Chinese government emphasizes urban renewal actions, with specific tasks aimed at enhancing the quality of life in cities, reflecting a shift from large-scale construction to the improvement of existing urban areas [3] Group 1 - Shanghai's initiative to upgrade old housing has led to the removal of the need for residents to use portable toilets, marking a historic milestone in urban living conditions [2] - The city employs a variety of solutions, including demolition and reconstruction, to address complex infrastructure issues and differing resident opinions, achieving a balance between modernization and historical preservation [2] - Continuous investment in public welfare, such as the renovation of old neighborhoods and urban villages, aims to enhance the quality of life for residents [2] Group 2 - The core principle of urban development is centered around the people, with a focus on making cities more livable and conducive to work [3] - The government's urban renewal strategy includes eight key tasks, such as the renovation of old residential areas, to address shortcomings and improve urban living conditions [3] - The approach to urban governance emphasizes meticulous attention to detail, integrating small community goals into the broader urban development framework [3]

Core Viewpoint - Vanke is seeking shareholder approval for a framework agreement to secure a loan of up to 22 billion yuan from Shenzhen Metro Group, aimed at repaying public market bond principal and interest [2][3] Group 1: Loan and Collateral Details - Shenzhen Metro Group will provide a loan of no more than 22 billion yuan, specifically for repaying the company's public market bond principal and interest [2] - Vanke or its subsidiaries will offer various assets as collateral, including operational real estate, fixed assets, inventory, construction projects, and stocks, with collateral-to-loan ratios set between 60%-70% for operational assets and 50%-60% for non-listed equity [2] - The loan conditions from the major shareholder are more favorable than those available from financial institutions [3] Group 2: Market Outlook and Company Strategy - Vanke's management believes that with ongoing policy implementation, reasonable housing demand will gradually materialize, leading the industry towards a new phase of stable development [3] - The company aims to enhance its product and service capabilities, optimize management, and improve operational efficiency to navigate current market challenges [4][5] - Vanke plans to further improve cash flow and debt structure by divesting non-core businesses and assets through capital operations [5]