The Shanghai Development and Reform Commission recently issued the “Shanghai Action Plan for Implementing 'Certain Measures to Further Promote Private Investment and Development'” to actively promote participation in urban renewal. State-owned enterprises and private enterprises are encouraged to cooperate and participate in the investment and construction of projects such as “urban village” renovation and old housing renovation through joint ventures, share transfers, capital increases, etc. Strengthen promotion of key regions, projects and land, and attract more private enterprises to participate in project development through various methods such as land acquisition development, consortium development or brand introduction, product design, and operation management. For commercial land use such as commercial housing, commercial offices, etc., when setting the conditions for land bidding, no restrictive conditions such as enterprise size or capital scale are set, and more private enterprises are encouraged to participate. Promote the renewal and renovation of existing buildings and the overall renewal of business districts in an integrated manner, study supporting policies to adjust the functions of small-scale commercial buildings, and attract private capital to participate in development and transformation.

The Shanghai Development and Reform Commission recently issued the “Shanghai Action Plan for Implementing 'Certain Measures to Further Promote Private Investment and Development'” to actively promote participation in urban renewal. State-owned enterprises and private enterprises are encouraged to cooperate and participate in the investment and construction of projects such as “urban village” renovation and old housing renovation through joint ventures, share transfers, capital increases, etc. Strengthen promotion of key regions, projects and land, and attract more private enterprises to participate in project development through various methods such as land acquisition development, consortium development or brand introduction, product design, and operation management. For commercial land use such as commercial housing, commercial offices, etc., when setting the conditions for land bidding, no restrictive conditions such as enterprise size or capital scale are set, and more private enterprises are encouraged to participate. Promote the renewal and renovation of existing buildings and the overall renewal of business districts in an integrated manner, study supporting policies to adjust the functions of small-scale commercial buildings, and attract private capital to participate in development and transformation.