Abstract:Taking the land reserve project of the urban village in Jinhui Town, Fengxian District, Shanghai as a case, the application and exploration of the new mechanism for land reserve in the urban renewal are further discussed. The connotation, characteristics and innovation points of the new mechanism for land reserve are systematically explained. The current development status and transformation demands of urban villages are analyzed. And the fit relationship between the land reserve and the development of urban villages are expounded. By comprehensively analyzing the land reserve project of urban village in Jinhui Town, the practical experience and innovative value of the new mechanism for land reserve in the promotion of urban village reconstruction are summarized from the dimensions of planning guidance, fund balance, implementation timing, and risk prevention and control. The research shows that the new mechanism for land reserve can effectively solve the predicaments such as the difficulty in implementing planning, the difficulty in balancing funds and the difficulty in coordinating implementation in the reconstruction of urban villages through the integrated operation mode of “planning, storage, purification, supply, use and maintenance”, which provides the replicable and scalable experience for the active and steady advancement of urban village reconstruction in megacities and super-large cities.