Abstract: Driven by macroeconomic factors such as urbanization,industrial structure and housing land supply,china's urban regeneration development has entered the fast lane. Quantitative calculations show that first,China's urban renewal has begun to take shape,with annual investment exceeding 3 trillion yuan since the "13th Five-Year Plan"; second,the "14th Five-Year Plan" and a period of time in the future,the scale of urban renewal investment has a large potential growth Space,the average annual growth rate of urban renewal investment is about 11%,and the investment scale is expected to reach 9.2 trillion yuan by 2030,which is about 2.8 times the current scale. Looking back at the historical changes of China's urban renewal investment and financing models,the practice of exploring and innovating in various parts of the country,and the summary of foreign experience,we will build a market-oriented and government-led investment and financing model to steadily promote urban renewal activities in the future. In this regard,one is to change our thinking and concepts,and to reshape the investment and financing model that supports the organic renewal of the city from the financial support method mainly based on demolition and reconstruction; the second is to promote and solve the investment and financing problems of different types of urban renewal projects; the third is to innovate many financial support methods to guide and attract the participation of social capital.

Key words: urban regeneration, investment and financing model, urbanization, finance, private capital