Abstract: Prudent and inclusive regulation is key to maintaining the regulatory baseline while encouraging the development of emerging industries. The inclusive regulation of the long-term rental apartment market is of great significance for economic growth, addressing the housing difficulties of young people in metropolises, and improving urban governance. Taking Nanjing's regulatory practices as an example, this study aims to reveal the process of the ecosystem transition and reconstruction of the entire supervision system, focusing on the policy support, crisis management, and improvement of the subsequent regulatory system for the development of enterprises such as DanKe Apartments. This study finds that the unchecked growth of the long-term rental apartment market is influenced by specific social conditions, with inclusive regulation playing a significant role. However, in the face of major external events, the lag in regulatory innovation and the insufficient coordination among regulatory bodies have exposed the lack of systemic support for inclusive regulation, leading to regulatory failures. Therefore, it is indispensable for emerging industries to reconstruct the inclusive regulatory ecosystem, enhance the overall vitality and synergy of regulation, and better leverage the synchronized resonance between the hands of government and the market.