Financialising urban redevelopment: Transforming Shanghai’s waterfront

نویسندگان

چکیده

Chinese cities have experienced rapid urbanisation and attracted massive investment in the central city through urban redevelopment. Developing less favourable areas such as former industrial sites along waterfront is attractive for these usually need to deal with poor environments complicated land ownership. It therefore important understand how projects are carried out what financial instruments used. This paper examines four redevelopment Shanghai last three decades asks they got financed. The mechanism examined cases confirmed that land-based capital accumulation financialisation of projects, role state-owned development companies each project mobilise carry development. also finds variety innovative like bonds, public-private partnership or regeneration fund explored tap from domestic international investors. These complementary finance which facilitates areas, allowing new players explore potential waterfront.

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ژورنال

عنوان ژورنال: Land Use Policy

سال: 2022

ISSN: ['0264-8377', '1873-5754']

DOI: https://doi.org/10.1016/j.landusepol.2020.105126