State Development Bank: By 2025, loans worth 786.3 billion yuan will be issued in the field of urban renewal.

Reporters learned from the National Development Bank on the 24th that by 2025, the bank has issued a total of 786.3 billion yuan in loans to the urban renewal sector, focusing on supporting the renovation and transformation of old urban areas, old streets, old factory areas, urban villages, and other areas. The loans will also be used for urban infrastructure construction and renovation, restoration of urban ecological systems, protection of historical and cultural heritage in cities, and other areas. This will effectively serve the optimization of urban structure, improvement of functions, continuation of cultural heritage, and enhancement of overall quality in cities.