China’s Urban Renewal 15th Five-Year Plan sets 23 priority tasks and expects 15
trillion yuan of investment over the plan period. The central budget has
earmarked 97 billion yuan for urban renewal projects this year and 160 billion
yuan of ultra‑long‑term special treasury bonds to support underground utility
networks. Authorities say private capital will target redevelopments of
neighborhoods, factories and industrial parks that offer stable returns;
financing channels cited include bank loans, REITs and asset securitization.
Household co‑funding is expected for projects such as adding elevators to old
walk‑ups and on‑site reconstruction of hazardous housing under a “who benefits,
who pays” rule.
