The rise of the ‘shareholding state’: financialization of economic management in China

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Chinese Capitalism and the Maritime Silk Road: A World-Systems Perspective (2017, background): “This has involved multiple approaches involving the introduction of shareholder values in managing state-assets, the expansion of state asset management bodies, and the provision of structured investment vehicles by these institutions to fund fixed asset investment.(31) 318 X.”
Central banking and the infrastructural power of finance: the case of ECB support for repo and securitization markets (2020, background): “In Japan, the central bank has moved beyond bond purchases to buy exchange-traded fund shares and is now the country’s largest equities investor (Lewis and Colback, 2017), while aggressive equity investments by a broader array of public entities have created a ‘shareholder state’ (Wang, 2015).”