Enterprises in multiple fields are racing to lay out "urban renewal".

Urban renewal is becoming a major track where various enterprises are competing to position themselves. Recently, from real estate development companies to local state-owned capital platforms, as well as planning and design firms and building materials enterprises, all are laying out their strategies around the urban renewal sector, bringing new development opportunities to companies along the industrial chain.

Specifically, some real estate companies have taken the lead. On June 10, Cinda Real Estate Co., Ltd.'s Shanghai-Jiangsu regional company held a strategic cooperation symposium and signing ceremony with Shanghai Lianjia New Home (Shanghai Xingzhiyuan Development and Construction Co., Ltd./Behaojia Shanghai Region). The two parties will engage in deep cooperation around resource matching for commercial and office real estate projects in Shanghai and its surrounding areas, revitalizing existing assets, urban renewal, and old-area renovation. They aim to create an integrated collaborative innovation model of "asset referral + market consultation + full-cycle renovation and operation," jointly exploring opportunities in the Yangtze River Delta's existing commercial office and urban renewal business.

Local state-owned capital platforms are also accelerating the establishment of specialized urban renewal operation platforms. On June 5, Quanzhou Urban Renewal Group Co., Ltd. was officially inaugurated. The company is positioned as a "full-lifecycle urban renewal market-oriented operator," focusing on three main directions: "improving the quality of existing space, restructuring area functions, and enhancing urban resilience." It will actively participate in the renewal of old districts, revitalizing inefficient spaces, activating underperforming assets, and improving public services, continuously exploring and enhancing the market value of urban renewal projects.

In addition, some companies are actively transforming by targeting niche areas within urban renewal. At a recent performance briefing, Liang Jie, Executive Director and General Manager of Beijing Bei Chen Industrial Co., Ltd., stated that the company is pushing its real estate business to transform into a specialized urban renewal service provider based on the "Exhibition+" model. The company will closely follow the "Exhibition+" development main line and plan for exhibition venue supporting urban renewal and district operation projects.

Chen Wenjing, Policy Research Director of China Index Academy, said in an interview with Securities Daily that urban renewal will drive the real estate industry's transformation from incremental development to existing asset operation and quality service, while guiding companies to shift from developers to service providers. Real estate companies' business focus will turn to comprehensive area development and operation, property maintenance, and supporting services, among other diversified fields.

As the market space continues to expand, many companies in the industrial chain are also actively participating. Recently, Shenzhen L&A Design Co., Ltd. officially signed a strategic cooperation agreement with Urban Renewal (Beijing) Holding Group Co., Ltd. (CBC Architecture Center). According to the agreement, the cooperation will focus on three core business directions: full-process consulting services for diversified urban renewal funding solutions, improving the success rate of special bond and policy fund applications; integrated planning and design of financing and space, achieving deep integration of financial logic and space value; and full-cycle implementation and operation empowerment of urban renewal projects, ensuring long-term operation and continuous value creation through industry introduction, brand operation, and asset management.

Infrastructure renewal needs also bring new market opportunities for related manufacturing companies. Shanghai ZENNER Metering Technology Co., Ltd. stated in a recent investor survey activity that the country's continuous promotion of urban renewal and the aging renovation of gas and water supply pipelines brings a definitive incremental market for the smart metering instrument industry. The company will fully leverage the policy window period, utilize its dual technical advantages in smart gas meters and smart water meters, along with its full-industry-chain scale manufacturing advantages, to accelerate the replacement of metering equipment in old residential communities, converting policy dividends into tangible performance growth.

Yan Yuejin, Vice President of Shanghai E-House Real Estate Research Institute, told Securities Daily that urban renewal has become an important direction for the new model of real estate development. With increasing policy support, urban renewal can not only improve urban functions and living quality but also drive investment growth, stimulate consumption, and create new development space for upstream and downstream enterprises in the real estate industrial chain.