Core Viewpoint - The Chongqing Municipal Government is promoting a diversified investment system for urban renewal, guided by government investment and primarily driven by corporate investment [1] Group 1: Investment Strategy - The plan aims to actively seek support from central budget investments and ultra-long-term special bonds, while increasing local financial input [1] - It emphasizes the integration and utilization of existing funding channels to support urban renewal projects [1] Group 2: Debt Management - The initiative includes issuing local government special bonds to support eligible urban renewal projects, ensuring that debt risks remain controllable [1] - There is a strict prohibition on illegal and non-compliant debt financing [1] Group 3: Financial Instruments - The plan encourages eligible projects to issue Real Estate Investment Trusts (REITs), asset-backed securities, and corporate credit bonds [1] - It also aims to implement tax and fee reduction policies related to urban renewal [1]