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Abstract This article examines the securitisation of land development rights under the dipiao scheme in Chongqing, China. It argues that this instrument is based on the dispossession and exploitation of rural households but these unequal relations have been concealed and naturalised through the complex geographies and temporalities of dispossessory arrangements, financing mechanisms and discursive tactics. By overcoming political barriers to land commodification and dispossession in this way, the Chongqing government has expanded the frontier of commodifiable land and sustained a land‐based, urban‐centric and debt‐financed accumulation. Instead of narrowing the urban–rural divide, this instrument reproduces and solidifies it. On this basis, the article argues that conceptual and political innovations for inclusive and equitable development needs to shift the attention from land to people.
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