Abstract: In the course of Paris’s urban renewals, the significance of heritage has undergone a continuous expansion and deepening, evolving from being a mere symbol of national and ethnic culture to a global emblem of fashion and consumption, and to encompass memories and locales associated with everyday life, as vividly demonstrated in Georges-Eugène Haussmann’s makeover of Paris in the mid-19th century, gentrification witnessed during the renewal of Le Marais from the 1960s to the 1990s, and local life through city walks in the 21st century. The paper posits that the value of heritage does not solely reside in the complete preservation of historical buildings and neighborhoods, but rather lies in its ability to accommodate a diverse array of cultures and memories, and to seamlessly integrate with contemporary life. Finally, drawing on Paris’s experiences, it offers recommendations for the expression and utilization of heritage value following Beijing’s successful inclusion of its Central Axis on the World Heritage List.