The paper summarizes the studies on urban village (chengzhongcun) in domestic and abroad from four perspectives including the concepts and definitions,the formation mechanism,the value orientations,and the renovation and reform strategies.Based on the summary,the paper states that a neutralized value orientation should be the logical starting point of analysis on urban village;the formation of urban village should be interpreted within the framework of “institution-action;” and the strategy of community management of urban village should be made from the angle of constructing city low-grade community and the restrictions of current institutions and various practical conditions. The paper summarizes the studies on urban villages (chengzhongcun) in domestic and abroad from four perspectives including the concepts and definitions, the formation mechanism, the value orientations, and the renovation and reform strategies. Based on the summary, the paper states that a neutralized value orientation should be the logical starting point of analysis on urban village; the formation of urban village should be interpreted within the framework of “institution-action; ” and the strategy of community management of urban village should be made from the angle of constructing city low-grade community and the restrictions of current institutions and various practical conditions.