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Central Government to Provide Fixed-Amount Subsidies by Region for Cities Implementing Urban Renewal Initiatives
The General Office of the Ministry of Finance and the General Office of the Ministry of Housing and Urban-Rural Development issued the "Notice on Launching the 2026 Central Governm...
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The General Office of the Ministry of Finance and the General Office of the Ministry of Housing and Urban-Rural Development issued the "Notice on Launching the 2026 Central Government Support for Urban Renewal Initiatives", stating that in 2026 the scope of central fiscal support for urban renewal will cover prefecture-level cities and above, with no more than 15 cities to be selected. The central government will provide fixed-amount subsidies to cities implementing urban renewal initiatives based on their respective regions. Among them, the total subsidy for each city in the eastern region will not exceed RMB800 million, for the central region will not exceed RMB1 billion, and for the western region will not exceed RMB1.2 billion. Funds will be allocated annually according to the progress of implementation.

The notice proposes that through a competitive selection process, certain cities with strong fundamentals, high motivation and distinctive features will be chosen to integrate various resources at the city level, explore mechanisms to ensure funding, land supply and financial support, and form a coordinated working framework. The central government will provide fixed-amount subsidies to shortlisted cities. These cities will formulate urban renewal action plans, coordinate the use of central and local funds, significantly enhance urban infrastructure, improve living conditions in old districts, refine regulatory systems, planning standards, investment and financing mechanisms and related supporting policies, and explore replicable and scalable mechanisms and models for urban renewal. (ta/w)

Related NewsLoan Prime Rate 1Y for April 2026 in China is 3.00%, unchanged from its last period. The forecast was 3.0%.



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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