Entering the post-epidemic era, China’s urban development is facing new changes and challenges, requiring urban regeneration actions to take new measures to actively respond to global competition. The Business Improvement Districts (BID) spatial management framework has been widely disseminated and applied in many countries and regions around the world as an innovative tool to maintain community stability during the economic downturn and promote urban revitalization. The framework has the possibility and significance of breaking through the bottleneck problem of older residential areas regeneration. It has proven to play a role in community transformation, but the conceptual framework has not yet been incorporated into China’s urban regeneration practice. In view of this, this paper sorts out and analyzes the theoretical origin, implementation cases and effects of the BID model to explore the adaptability of transferring it to the Chinese context and its local practice. It’s necessary for China to learn from foreign cases but implement a domestic context-based urban regeneration pathway that focus on BID regeneration of blocks and large enterprises. The BID operational and management scope need to be defined scientifically under the guidance of government orientation. Continuously improving the bottom-up operational mechanism in practice together with relevant stakeholders, ultimately forming a sustainable co-construction, co-governance, and sharing pattern, and promoting community transformation and revitalization. It’s of greats significance for breaking through the bottleneck problem of older residential areas regeneration.