Two departments: Increase the support for central budget investments and others, and provide support for eligible projects through ultra-long-term special national bonds.

The Ministry of Natural Resources and the Ministry of Housing and Urban-Rural Development have issued a notice on further supporting urban renewal actions. The notice mentions the improvement of diversified investment and financing methods. The central government will increase support for urban renewal actions through increased investment from the central budget, providing support to eligible projects through ultra-long-term special national bonds. The central finance will support the implementation of urban renewal actions. Local governments should increase financial input, promote the integration and coordinated use of related funds, and support eligible urban renewal projects through the issuance of local government special bonds under the premise of controllable debt risks, strictly prohibiting illegal and irregular financing through debt. Implement tax reduction and exemption policies related to urban renewal. Encourage various financial institutions to actively participate in urban renewal under the premise of legal compliance, controllable risks, and commercially sustainable, strengthen credit support. Improve market-oriented investment and financing models, attract social capital to participate in urban renewal, and promote the issuance of infrastructure real estate investment trust funds, asset securitization products, corporate credit bonds, etc. for eligible projects in the field of real estate.