How Does Culture Become an Asset? Property Rights Design and Internalised Governance on China’s Urban Peripheries

Research on culture-led urban change in China has shifted from inner-city clusters to peripheral zones where formal planning meets managed informality, yet two gaps remain. First, artistic production continues to be interpreted through a leasing lens that positions artists as temporary occupiers. Second, land is analysed largely at the macro scale of municipal supply and branding, while internal property rules and meso-level governance are overlooked. This paper mobilises the concept of assetisation to show how precarious cultural spaces become rule-bound assets through property-rights design. Fieldwork in Chengdu’s Blue Roof Art District draws on qualitative methods, including semi-structured interviews, policy and registration documents, and on-site observation. We examine which resources are assetised, how this occurs, and with what effects on publicness and spatial form. Our findings show that planning endorsement, the transfer of collective construction land for cultural use, and title registration with mortgageability codify eligibility, use and transfer. Studios are converted into owner-occupied assets tied to land value. Governance shifts from direct administrative control to asset management by owners and the site operator. While production stabilises and overt conflict declines, public interfaces narrow and enclave risks intensify when city priorities change. Empirically, the paper demonstrates how property-rights design operates as a meso-level governance tool that sets explicit trade-offs between stability and openness. Theoretically, it links producers to land value, bridging macro land regimes with micro political practice in urban peripheries and informing urban policy-making that prioritises sustainability.