The Central Urban Work Conference was held in Beijing from July 14 to 15, at which Chinese President Xi Jinping showed up and delivered a keynote speech, according to state media reports. The meeting deployed seven key tasks for urban work:Related NewsHSBC Research Still Upbeat About CN Property Sector, Favors CHINA RES LAND/ C&D INTL GROUP/ CHINA JINMAO1) Focus on optimizing the modern urban system. The Chinese government should aim to improve the comprehensive carrying capacity of cities for population and socioeconomic development; develop modern urban clusters and metropolitan areas in a networked manner; continue to promote the urbanization of agricultural migrants; and promote coordinated development of large, medium, and small cities and towns, as well as urban-rural integration.2) Focus on building vibrant innovative cities. The Chinese government should carefully cultivate an innovation ecosystem, and continuously achieve breakthroughs in developing new quality productivity; rely on reform and opening up to enhance urban dynamics; conduct high-quality urban renewal, and fully leverage the city's role as a hub in the domestic and international dual circulation.3) Focus on building comfortable and convenient livable cities. The Chinese government should adhere to integrated planning of population, industry, urban, and transportation, and optimize urban spatial structure; accelerate the construction of a new real estate development model, and steadily advance the renovation of urban villages and dilapidated housing; vigorously develop life service industries, improve public service levels, and firmly uphold the bottom line of people's livelihood.Related NewsCHINA VANKE Expects 1H25 Loss to Be RMB10-12B4) Focus on building green and low-carbon beautiful cities. The Chinese government should consolidate the achievements of ecological environment governance; take more effective measures to address issues such as urban air governance, protection of drinking water sources, and new pollutant governance; promote pollution reduction and carbon reduction; expand green synergy; and enhance urban biodiversity.5) Focus on building safe and reliable resilient cities. The Chinese government should promote the construction of urban infrastructure lifeline safety projects; accelerate the renovation and upgrading of old pipelines; strictly limit super high-rise buildings; comprehensively improve housing safety assurance levels; strengthen urban natural disaster prevention; enhance overall social security prevention and control; and effectively maintain urban public safety.6) Focus on building civilized cities that value virtue and kindness. The Chinese government should improve the system for the protection and inheritance of historical culture; improve the urban landscape management system; protect the unique historical context, human geography, and natural landscapes of cities; strengthen the construction of urban cultural soft power; and improve the civic quality of civilization.Related NewsDaiwa: Investors Expect a 'Consolidation Period' for CN Stocks Next 6 Mths; Low Expectations for Real Estate Stimulus7) Focus on building convenient and efficient smart cities.