Urban regeneration has been an important issue in the international academic circle of urban planning. Since 1949, urban regeneration in China has gained richer connotations and wider extensions. Thus, the review on its 70 years’ history can help us better understand the specific generation logic, stage problems, and important lessons of urban regeneration in China. This paper divides Chinese urban regeneration history into four major stages based on the urbanization process and macro policies on urban constructions. Meanwhile, the paper analyzes in detail the political background, representative cases, regeneration thoughts, academic activities, and legal systems in each stage, in order to provide the stage characteristics of urban regeneration in China. In the end, on the basis of the historical evolution and summarized experience, the paper proposes that urban regeneration in China should advance toward the new mechanisms of multiple values, multiple regeneration models, multiple disciplines, multiple participants, and cogovernance. In the future, the major content of planning work shall focus on building a scientific, systematic, and institutionalized urban regeneration system.