<div id="readability-page-1"><div>By Ka Sing ChanAfter the Hong Kong fire, Chinese Premier Li Qiang is urging urban renewal initiatives. About 20% of the one million high-rises on the mainland are ageing and need maintenance. Property management arms of developers like Vanke can benefit, and it would boost demand too. Full view will be published shortly.CONTEXT NEWSChinese Premier Li Qiang has urged efforts to implement the urban renewal initiative and steadily advance the construction of &#34;quality homes&#34;, Xinhua reported on December 3. He made the comments during a study session of the State Council, it added. On November 28, the State Council issued a circular that requests inspections into all high-rise buildings to identify and remove major fire hazards. The actions follow Hong Kong's deadliest fire in decades. The death toll from the fire which began on November 26 has risen to 159. Police on December 3 revealed that victims included an infant and a 97-year-old as they continued their search for remains. </div></div>

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Chinese Premier Li Qiang is urging urban renewal initiatives following a deadly fire in Hong Kong. About 20% of high-rises in mainland China need maintenance. Developers like Vanke could benefit from increased demand for property management. The State Council has issued a circular for inspections to identify and remove fire hazards. The fire, which started on November 26, has claimed 159 lives.

Hong Kong fire hastens China's property reset