National Development and Reform Commission: In terms of "hard investment", priority will be given to supporting projects such as the renovation of old urban areas and the transformation of urban dilapidated houses to ensure public safety and livelihood security.

Guo Peng, head of the Fixed Asset Investment Department of the National Development and Reform Commission, stated at the State Council's policy briefing on the 8th that in the next step, the National Development and Reform Commission will focus on implementing the "15th Five-Year Plan for Urban Renewal" and strengthen coordination with relevant parties, coordinate the advancement of "hard investment" and "soft construction", and implement the main goals and key tasks of the plan to specific projects that are tangible and accessible to the public, advancing important progress in urban renewal during the 15th Five-Year Plan period. In terms of "hard investment", following the principle of "overall planning, highlighting key points" and "urgent priorities followed by gradual implementation", priority will be given to supporting projects such as the renovation of old and dilapidated urban areas, and the improvement of public safety and livelihood assurance such as the renovation of dilapidated urban buildings, coordinating support for the development of old neighborhoods upgrading projects, and providing greater services for people's livelihoods. Recently, there has been a lot of discussion about the construction of the "6 Internet Networks", which is an important lever for infrastructure development during the 15th Five-Year Plan period. Renovation of the city's underground pipe network is an important part of this. We will continue to allocate ultra-long-term special national bond funds for the construction and renovation projects of urban underground pipe networks in the "two-pronged" approach. In terms of "soft construction", the city's work philosophy of "building the city by the people and for the people" will be integrated throughout the planning, implementation, operation, and management of urban renewal projects. Focusing on improving investment mechanisms and efficiency, mobilizing the initiatives of residents and enterprises, establishing a sound operational maintenance system, emphasizing governance investment, and promoting the formation of a diverse and sustainable long-term mechanism for urban renewal. In terms of innovation in investment and financing mechanisms, we will support local governments to flexibly increase the vitality of existing assets through various means, promote the diversification of financial products and services, and encourage private enterprises to actively participate in the construction and operation of urban infrastructure. For projects with strong innovation in investment and financing models and good demonstrative effects, appropriate guidance and support will be provided by central investments.