Abstract: Managing the city means to conduct the marketized operation so as to open up the new capital sources according to thelaw of value, with the urban resources as commodities of economic value. It is objectively apt to expand the urban construction scale,producing a great mass of financial deficit and excessive debts, and bringing about operating risks. And, for the sake of remedying theshortfall of the construction fund, the management of land, municipal infrastructure and intangible urban assets expands further therisk range.

Key words: managing the city; inevitability; risks