Shanghai municipal investment corporation: Extending government power through financialization under state entrepreneurialism

نویسندگان

چکیده

Financialized urban governance means that local governments have been increasingly reliant on financial techniques and in some extreme cases, captured by shareholders’ interests. However, financialized mutates with various characteristics of governance. This paper unpacks China based the operation Shanghai Municipal Investment Corporation (SMI). The municipal government uses SMI as an intermediary to finance development. Based latest corporatization SMI, we illustrate embryonic form which relies especially shareholding manage support SMI. In doing so, internalizes state assets, seek funding, guide development projects. power is not undermined during process financialization. Instead, extends its market achieve goals.

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ژورنال

عنوان ژورنال: Environment And Planning C: Politics And Space

سال: 2022

ISSN: ['2399-6552', '2399-6544']

DOI: https://doi.org/10.1177/23996544221114955