Core Viewpoint - The Ministry of Housing and Urban-Rural Development reported that from January to November, 25,800 urban old residential communities were newly started or renovated across the country [1] Group 1: Project Completion and Future Plans - 22 regions, including Beijing, Tianjin, and Shanghai, have completed their annual urban old residential community renovation plans [1] - By 2025, the national plan aims to start the renovation of 25,000 urban old residential communities [1] - During the 14th Five-Year Plan period, over 240,000 urban old residential communities will be renovated, benefiting more than 41 million households and over 110 million people [1] Group 2: Infrastructure and Community Enhancements - 130,000 elevators will be added, and 167,000 old elevators will be updated [1] - 3.5 million parking spaces and 65,000 community service facilities for elderly care and childcare will be established [1] - 840,000 kilometers of underground pipelines for water, gas, and heating will be updated and renovated [1] - More than 20,000 pocket parks and 27,000 kilometers of urban greenways will be created [1] Group 3: Future Focus Areas - In 2026, the focus will be on advancing the construction of modern people-oriented cities with meticulous efforts in the renovation of urban old residential communities, complete community construction, and the development of accessible environments [1]

分地区看，北京、天津、河北、内蒙古、辽宁、吉林、上海、江苏、浙江、安徽、福建、江西、山东、 广西、海南、重庆、贵州、云南、西藏、陕西、甘肃、青海等22个地区和新疆生产建设兵团已完成年度 城镇老旧小区改造计划。 中国经济网讯，根据住建部发布的数据，2025年全国计划新开工改造城镇老旧小区2.5万个，1-11月份 全国新开工改造城镇老旧小区2.58万个。 ...

1. Report's Investment Rating for the Industry - No information about the report's investment rating for the industry is provided. 2. Core View of the Report - On December 25, 2025, all four major index futures contracts for the current month rose. The overall sentiment is positive, with the market expected to be volatile but on an upward trend [1]. 3. Summary by Relevant Catalogs 3.1 Index Futures Data Tracking - **Price and Change**: The closing prices of CSI 300, SSE 50, CSI 500, and CSI 1000 all increased, with gains of 0.18%, 0.25%, 0.80%, and 0.97% respectively. The corresponding index futures contracts also showed varying degrees of increase [1]. - **Trading Volume and Open Interest**: The total trading volume of index futures decreased, indicating a cooling of investors' trading enthusiasm. Specifically, the total trading volume of IF, IH, IC, and IM decreased by 11,854, 7,004, 12,456, and 14,596 lots respectively. In terms of open interest, IF and IC decreased by 563 and 3,891 lots respectively, IH increased by 197 lots, and IM decreased by 3,977 lots [1][2]. - **Basis**: The basis data for different index futures contracts are presented, showing the differences between the futures prices and the spot prices [1]. 3.2 Top 20 Member Positions in Index Futures - The data shows the changes in long and short positions of the top 20 members in different index futures contracts. For example, in the IF2601 contract, long positions decreased by 1,522 lots, and short positions decreased by 2,499 lots [5]. 3.3 Trend Strength - The trend strength of IF and IH is 1, and that of IC and IM is also 1, indicating a relatively neutral - to - slightly bullish trend [6]. 3.4 Important Drivers - The offshore RMB against the US dollar broke through the 7.0 mark during intraday trading for the first time since September 2024. Most views believe that the RMB against the US dollar has the basis for continued appreciation in 2026 [6]. - From January to November this year, 25,800 urban old residential areas were newly started for renovation across the country, and 22 regions and the Xinjiang Production and Construction Corps have completed their annual renovation plans [6]. 3.5 Market Conditions - The Politburo held a meeting to study and deploy the work of improving Party conduct, building a clean government, and combating corruption in 2026 [7]. - The A - share market continued to rise, with the Shanghai Composite Index recording seven consecutive positive days. The trading volume reached 1.94 trillion yuan, slightly higher than the previous day. Some sectors such as commercial aerospace and paper - making performed strongly, while others like Hainan Free Trade Zone and precious metals weakened [7].

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今年全国计划新开工改造城镇老旧小区2.5万个。北京、天津、河北、内蒙古、辽宁、吉林、上海、江 苏、浙江、安徽、福建、江西、山东、广西、海南、重庆、贵州、云南、西藏、陕西、甘肃、青海等22 个省份和新疆生产建设兵团已完成年度城镇老旧小区改造计划。 住房城乡建设部相关负责人表示，"十五五"时期，要继续稳步推进城镇老旧小区、城中村和危旧房改 造，解决群众急难愁盼问题，切实消除安全隐患。围绕好标准、好设计、好材料、好建造、好运维建 设"好房子"，既把新房子建成"好房子"，也把老房子逐步改造成"好房子"，带动产业链升级，以高品质 供给满足人民群众多样化住房需求。 本报北京12月25日电 （记者丁怡婷）记者12月25日从住房城乡建设部获悉：今年前11月，全国新开工 改造城镇老旧小区2.58万个。 （文章来源：人民日报） ...

Group 1 - The core point of the article is that in the first 11 months of the year, a total of 25,800 old urban residential communities have been newly constructed or renovated across the country [1]

12月25日，据住房城乡建设部信息，今年1-11月份，全国新开工改造城镇老旧小区2.58万个。分地区 看，北京、天津、河北、内蒙古、辽宁、吉林、上海、江苏、浙江、安徽、福建、江西、山东、广西、 海南、重庆、贵州、云南、西藏、陕西、甘肃、青海等22个地区和新疆生产建设兵团已完成年度城镇老 旧小区改造计划。据了解，今年全国计划新开工改造城镇老旧小区2.5万个。 今年全国计划新开工改造城镇老旧小区2.5万个。 ...

（文章来源：央视新闻） 记者今天（12月25日）从住房城乡建设部获悉，今年1-11月份，全国新开工改造城镇老旧小区2.58万 个。分地区看，北京、天津、河北、内蒙古、辽宁、吉林、上海、江苏、浙江、安徽、福建、江西、山 东、广西、海南、重庆、贵州、云南、西藏、陕西、甘肃、青海等22个地区和新疆生产建设兵团已完成 年度城镇老旧小区改造计划。据了解，今年全国计划新开工改造城镇老旧小区2.5万个。 ...

经济观察网 12月22日至23日，全国住房城乡建设工作会议在北京召开。会议要求，在工作实践中，要 抓好"两个统筹"。一方面，统筹防风险和促转型。坚持市场化、法治化原则，防范化解房企债务风险， 加强销售资金监管，切实维护购房人合法权益。完善商品房开发、融资、销售等基础制度，编制实施住 房发展规划和年度计划，推动建立"人房地钱"要素联动机制。优化保障性住房供给，对城镇低保住房困 难家庭兜底保障，因城施策、因地制宜满足新市民、青年人、城镇工薪群体等各类困难群众基本住房需 求。另一方面，统筹惠民生和稳增长。稳步推进城镇老旧小区、城中村和危旧房改造，解决群众急难愁 盼，切实消除安全隐患。更好发挥住房公积金作用。围绕好标准、好设计、好材料、好建造、好运维建 设"好房子"，既把新房子建成"好房子"，也把老房子逐步改造成"好房子"，带动产业链升级，以高品质 供给满足人民群众多样化住房需求。 ...

转自：智通财经 【全国住房城乡建设工作会议：防范化解房企债务风险 加强销售资金监管 切实维护购房人合法权益】 智通财经12月23日电，全国住房城乡建设工作会议12月22日至23日在北京召开。会议要求，在工作实践 中，要抓好"两个统筹"。一方面，统筹防风险和促转型。坚持市场化、法治化原则，防范化解房企债务 风险，加强销售资金监管，切实维护购房人合法权益。完善商品房开发、融资、销售等基础制度，编制 实施住房发展规划和年度计划，推动建立"人房地钱"要素联动机制。优化保障性住房供给，对城镇低保 住房困难家庭兜底保障，因城施策、因地制宜满足新市民、青年人、城镇工薪群体等各类困难群众基本 住房需求。另一方面，统筹惠民生和稳增长。稳步推进城镇老旧小区、城中村和危旧房改造，解决群众 急难愁盼，切实消除安全隐患。更好发挥住房公积金作用。围绕好标准、好设计、好材料、好建造、好 运维建设"好房子"，既把新房子建成"好房子"，也把老房子逐步改造成"好房子"，带动产业链升级，以 高品质供给满足人民群众多样化住房需求。 ...