Core Viewpoint - The urban renewal project of Xiangmi Lake Resort in Shenzhen has officially accelerated, marking a significant development in one of the city's largest potential urban renewal areas [2][4]. Group 1: Project Overview - The Xiangmi Lake Resort urban renewal project is located in the central area of Xiangmi Lake, covering approximately 248,000 square meters for demolition and 180,000 square meters for construction, with a planned floor area ratio of nearly 2.32 million square meters [2]. - The project will include 2.27 million square meters for commercial, office, and hotel use, along with nearly 50,000 square meters for public facilities, indicating a reduction in the floor area ratio compared to earlier drafts [2]. Group 2: Historical Context - Xiangmi Lake Resort has historical significance, having been established in 1981 and opened in 1985, serving as a cultural landmark for older generations in Shenzhen [4]. Group 3: Future Development Plans - The area is set to become Shenzhen's "new urban living room" and "new financial center," with plans to integrate international exchange, high-end finance, cultural creativity, and commercial leisure [7]. - The project aims to attract top-tier financial institutions and develop emerging sectors such as fintech and green finance, positioning Xiangmi Lake as a leading financial hub in China and internationally [8]. Group 4: Broader Urban Renewal Context - Recent trends indicate a revival of stalled urban renewal projects in Shenzhen, with expectations for more supportive policies to facilitate high-quality development in urban renewal efforts [8].