城镇化是现代化的必由之路。党的十八大以来，我国城镇化水平稳步提高，全国常住人口城镇化率 从2012年的53.1%提高到2024年的67%，正从快速增长期转向稳定发展期。党的二十届四中全会审议通 过的"十五五"规划建议提出，"分类推进以县城为重要载体的城镇化建设，提升产业支撑能力和公共服 务水平"。这为"十五五"时期聚焦县城以及县域精准有力推进新型城镇化建设指明了方向路径。 县城具有连接城市、带动乡村的重要作用，县域是以县城为中心、乡镇为纽带、农村为腹地的地域 单元。县城以及县域在构建新型城乡关系中起着至关重要的作用。有数据显示，我国县域占全国国土面 积约90％，人口占全国52％，贡献了全国经济总规模的近40％。推进以县城为重要载体的城镇化建设， 以县域为基本单元推进城乡融合发展，能有效促进县乡村功能衔接互补、资源要素优化配置，进一步加 快城乡一体化发展进程。 对于农产品主产区县城而言，可围绕保障重要农产品供给的安全稳定目标，做好"粮头食尾""农头 工尾"增值文章。坚持以强化涉农产业服务能力建设为着力点，提升县城综合服务水平，有效服务"三 农"和支持乡村全面振兴。大力推动产业集聚集群发展，强化数字技术赋能农村三 ...

一是县城承载能力较弱，地域分化明显。我国县城建设总体上较为滞后，大多数县城的综合承载能力相 对较弱，主要表现为人口集聚力、产业支撑力以及公共服务有效供给等方面还不强，普遍存在"小马拉 大车"的现象。同时，由于各个县城在资源环境、区位条件、产业基础等方面存在差异，进一步导致县 城综合承载能力存在显著的空间不平衡。 二是县城作用发挥不足，缺乏对乡村发展的有效带动。我国城乡差距较为突出，一个重要原因就在于县 城对乡村发展的辐射带动作用未能充分发挥。多年来，县城注重加快自身发展，推动人才、资金等资源 要素向县城集中，客观上对乡村产生"虹吸效应"，乡村发展所需的资源要素不断流失，扩大了城乡发展 差距。 三是县城作为连接城乡的枢纽节点，要素配置能力不强。由于存在一些体制机制障碍，目前城市与乡 村、区域与区域之间要素流动仍存在诸多堵点卡点，在很大程度上影响了县城作为城乡关键枢纽、县域 作为区域基本单元的要素配置功能的发挥，降低了生产要素跨城乡、跨区域有序流动以及优化配置的效 率，阻碍了城乡融合和区域协调发展进程。 面对这些现实问题，既要深入分析不同地域县城面临的发展难题，又要科学研判不同资源禀赋县城的发 展路径，因地制宜、 ...

Investment Rating - The industry is rated positively, with expectations of overall returns exceeding the CSI 300 Index by more than 5% in the next six months [27]. Core Insights - The Central Urban Work Conference was held for the first time in ten years, emphasizing the transition of urbanization from rapid growth to stable development, with a focus on improving existing urban quality [8][11]. - Urban renewal has been highlighted as a key focus, with the government stressing the importance of high-quality urban development and the implementation of supportive policies [13][14]. - The report indicates a shift towards a new model of real estate development, with a steady push for the renovation of urban villages and dilapidated housing [18][19]. - The development of modern urban clusters and metropolitan areas is prioritized, with counties identified as crucial for urbanization efforts [25]. Summary by Sections 1. Central Urban Work Conference - The conference reviewed the achievements of urban development in China and set the overall requirements and key tasks for future urban work [7][8]. - It was noted that the urbanization rate increased from 57.3% in 2015 to 67% in 2024, with a total urban population of 944 million [8]. 2. Importance of Urban Renewal - The conference emphasized urban renewal as a core strategy, with a focus on creating vibrant and innovative cities [14]. - A comprehensive policy document was released, outlining eight main tasks to support urban renewal, including the renovation of old neighborhoods and enhancing urban infrastructure [13][14]. 3. New Model of Real Estate Development - The report discusses the ongoing efforts to establish a new real estate development model, which includes the gradual promotion of urban village and dilapidated housing renovations [18][19]. - Recent meetings have reiterated the need for policies that support both rental and purchase housing systems [18]. 4. Development of Modern Urban Clusters - The report highlights the importance of developing modern urban clusters and metropolitan areas, with a specific focus on counties as key components of urbanization [25]. - The conference outlined seven key tasks, with the first being the optimization of the modern urban system to enhance the capacity for population and economic development [25].