Renovation is like time travel

As of June 2025, 80 ancient building renovations have begun, with 36 houses finding "new partners" for their transformation. Many companies have become "partner subjects" in ancient city protection, participating in the revitalization of old buildings.

The 32nd Street sets an excellent example of the Partner Program. Located on the west side of Suzhou's ancient city, the area, once a concentration of official buildings in the Ming and Qing dynasties, has largely maintained its names, layouts and patterns since that time, boasting rich historical and cultural heritage while exuding the strong atmosphere of traditional Suzhou living.

The protection, renovation and revitalization of old buildings around the 32nd Street have been carried out, with the launch of the Finance Street Neighborhood project. A total of 21 ancient buildings have been introduced, promoting the construction of a financial gathering area.

Now, 26 financial investment enterprises have registered in the 32nd Street. More financial institutions are anticipated to take root in the ancient city and join the historical and cultural city protection and renewal.

Yin Ming, chairman of Suzhou Mingcheng Group's Ancient City Investment and Construction Company, says: "Among the successful partners of the old mansions, there are century-old brands, financial and technological companies, as well as cultural tourism service institutions providing immersive experiences of Suzhou's lifestyle.

"These partners recognize the unique charm and historical value of the old mansions and strive to protect and inherit them after settling in."

Suzhou continues to explore new methods for the revitalization of old buildings. It has established one of the few independent garden management departments in the country, enacted legislation for ancient city protection, and formed the Suzhou Mingcheng Protection Group as the primary platform for historical city area protection and renewal work.

Gusu signed an agreement with the China Foundation for Cultural Heritage Conservation, allocating 50 million yuan ($6.96 million) from the special lottery public welfare fund specifically for the protection and repair of ungraded immovable cultural relics.

In the past two years, Suzhou has established a protection mechanism led by the government, supported by society, participated in by the market, integrated with residents, and professionally supported.

Suzhou adheres to the principle that "use is the best protection". Through the protection and utilization of the ancient city, historical culture is actively integrated into the modern lifestyle.

Suzhou's commitment to preserving its ancient city is further exemplified by initiatives such as the Finance Street Neighborhood project centered around the 32nd Street. By introducing financial institutions and investment enterprises to the area, Suzhou is creating a vibrant financial hub within its historical and cultural city, fostering a blend of tradition and modernity.

Suzhou is breathing new life into its historic buildings while honoring their unique charm and historical value. By integrating historical culture into the fabric of modern life, Suzhou is actively preserving and celebrating its rich heritage for generations to come.