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2026-05-28 19:07:17
[State Council: Support for Eligible Projects Through Central Budget Investment, etc.] The State Council issued the "15th Five-Year Plan for Urban Renewal." The plan proposes to build a sustainable urban construction, operation, investment, and financing system. It also calls for improved fiscal support policies, providing support for eligible projects through central budget investment, central government financial support for urban renewal initiatives, and allowing local government special bonds to support eligible urban renewal projects, which can be used as project capital. Local governments are encouraged to increase fiscal investment and, while ensuring the completion of national tasks, promote the integration and coordinated use of relevant funds. The plan also implements tax and fee reduction policies related to urban renewal and optimizes financial support measures. It emphasizes leveraging the role of various financial institutions, guiding them to provide financial services for urban renewal projects within their business scope according to market-oriented and rule-of-law principles, and prohibiting the creation of new local government hidden debt. For projects with controllable risks, commercial sustainability, and eligibility, market-oriented models such as integrated development, syndicated loans, and project investment are permitted for support. The plan also explores effective measures for financial support of independent renewal and reconstruction of old urban housing. (China Government Network)
