Minister of Housing and Construction Ni Hong said at the press conference of the State Information Office on October 17 that 1 million new urban village renovation and dilapidated housing renovation will be implemented through monetized housing resettlement, mainly considering that some conditions are ripe, the public's desire to renovate is urgent, and the preliminary work is relatively solid. Monetized resettlement can better satisfy the masses to independently choose housing types and locations, without having to wait for the transition period. There are two points about what kind of projects can receive policy support: first, the public must make key choices; second, the two plans for the project must be mature: one is a mature and solid expropriation and resettlement plan, and the other is a large balance of funds to achieve the overall balance of the project and avoid the risk of additional local debt. There are five main support policies: one is to focus on supporting cities above the prefectural level; the second is to allow development and policy financial institutions to grant special loans; the third is to allow local authorities to issue special bonds; the fourth is to grant tax concessions; and the fifth is that commercial banks issue loans based on evaluation.

Minister of Housing and Construction Ni Hong said at the press conference of the State Information Office on October 17 that 1 million new urban village renovation and dilapidated housing renovation will be implemented through monetized housing resettlement, mainly considering that some conditions are ripe, the public's desire to renovate is urgent, and the preliminary work is relatively solid. Monetized resettlement can better satisfy the masses to independently choose housing types and locations, without having to wait for the transition period. There are two points about what kind of projects can receive policy support: first, the public must make key choices; second, the two plans for the project must be mature: one is a mature and solid expropriation and resettlement plan, and the other is a large balance of funds to achieve the overall balance of the project and avoid the risk of additional local debt. There are five main support policies: one is to focus on supporting cities above the prefectural level; the second is to allow development and policy financial institutions to grant special loans; the third is to allow local authorities to issue special bonds; the fourth is to grant tax concessions; and the fifth is that commercial banks issue loans based on evaluation.