| Since the reform and opening up,Shenzhen has rapidly completed the urbanization process at an average annual consumption of 28 square kilometers of construction land.Due to the early and rough spatial growth mode,Shenzhen was able to explore the tapping potential of the stock land earlier.Land readjustment-banking is the Shenzhen government's plan to ensure the implementation of public infrastructure,expand the land reserve source,and revitalize the city's stock land,and comprehensively use land merging,acquisition,and replacement to restructure and re-divide property rights,this is a whole process of cleaning up the land after adjustment,early development and unified collection and storage.The introduction of a market negotiation mechanism constitutes a co-ordinating mode of land readjustment-banking interests.Based on the development and reform of Shenzhen's land management system,this study compares and analyzes land readjustment-banking and the major urban land secondary development model—urban renewal practice model through macro-policy arrangement and micro case study.It clarifies the background of the innovation of Shenzhen land preparation system,the essential features of practice mode and its operational mechanisms,thus discussing the plight of Shenzhen's l land readjustment-banking implementation,the direction of reform,and the significance for reference,with a view to providing mature experiences and considerations for China's land acquisition system reform and innovation and exploration of secondary development system of stock land.Firstly,at the macro level,this paper sorts out the development process of Shenzhen's land management system from the perspective of the allocation of development rights,to clarify the "previous life" of the land readjustment-banking system and analyze the historical background of the formation of the land readjustment system;then,to Compare the land readjustment with the overall implementation situation of the city's update and summarize the current status and problems of land readjustment-banking development.The study thinks that Shenzhen's land management system has undergone a process of gradual liberalization of the land development right from the state-owned to the strong stimulation of existing market system.Stimulated by the demand for urban redevelopment,the right to land development is gradually relinquished.The innovation of the land preparation system is also a reflection of the relinquishment of development rights.Due to the lack of space for urban development,the government is unable to sustain land reserve based on the traditional way of land acquisition.It needs to carry out urban land consolidation to complete the object of land reserve.At the same time,it is stimulated by the market-driven urban regeneration model and promoted by the participants.The mechanism of market negotiation was introduced into land consolidation,and the model as a whole of land consolidation interest was born.Secondly,three cases of urban renewal and Land readjustment-banking were selected for analysis and comparison in this paper.It is found that the two are in line with the Land readjustment principle.,but differs in three aspects: the object of implementation,the decisionmaking process,and the coordination of interests.The public interest in land reserve is taken as the core objective by government,leading to carry out the stock of land readjustment-banking.Through the establishment of rules,direct participation in market negotiations,and “letting” a certain percentage of land development rights is to encourage the participation of original land rights holders.The active adjustment and control in the process of interest coordination forms a new balance of interests by decision-making.Among them,the original village has contributed to the internalization of the land right by the relatively high proportion of historical land,and provided a new idea for the reconstruction of the property right of the large scale land.Finally,the implementation dilemma of Shenzhen land readjustment-banking practice mode,the direction of reform and the significance of reference can be discussed in order to provide a mature experience and thinking for China's land acquisition system reform and inventory innovation and exploration of secondary development system.At present,the land readjustment-banking practice model still has problems such as the large gap between the expected benefits of the urban renewal model,unclear government demands,and the lack of complete project formation.The study proposes that the government should reasonably determine the pilot projects under the market-oriented mechanism,explore a differentiated mode of maintenance,improve the balance mechanism for the distribution of land value-added benefits,and finally achieve the purpose of optimizing the land readjustment-banking system arrangement. |