China's Belt and Road Initiative through Renewable and No Renewable Resources in Africa. Institutional Investors and Mutual Fund through the Chinese Corporations

Tuesday, 8 July 2025: 00:00
Location: SJES030 (Faculty of Legal, Economic, and Social Sciences (JES))
Oral Presentation
Alicia GIRÓN GONZÁLEZ, University Program Studies on Asia and Africa - UNAM, Mexico, UNAM, Mexico
The purpose of this paper is to expose the large investments of Chinese corporations in African countries, as well as to list the institutional investors and mutual funds that participate in these companies, considering the concept of "Haute Finance" and the implications for the economic and financial independence of African countries. Karl Polanyi in his book The Great Transformation. The political and economic origins of our time alluded to "Haute Finance", as a sui generis institution, typical of the last third of the nineteenth century and the first third of the twentieth, which functioned as the main link between the political and economic organization of the world. This period of history re-emerges in the face of the emergence of the geoeconomic, and political power achieved by China with its state-owned corporations. Corporations that are investing in Africa and in Latin America and the Caribbean based on the interests of the production process of the world's second power. A dialectical process between the needs of natural resources for climate change and the digital economy, as well as the need to increase investments, employment, productivity and greater profits. The companies analyzed in the presentation have totaled more than 145,310 million dollars. The financing is being provided in partnership with Policy Banks, Merger and Acquisitions (M&A), Foreign Direct Investment (FDI) + Policy Bank and Greenfield financing. Even private investors such as Black Rock and Vanguard, with the participation of these multiple institutional investors and mutual funds being the most important. In conclusion, a new financial geography in a regime of financial accumulation is gaining strength.