China press - Authorities looking at leveraged fund activity in property market

A piece in the Beijing News (via MNI):

• Authorities in China's Tier-1 cities, including Shenzhen, Beijing and Shanghai, are looking into whether leveraged funding means contributed to a recent price surge in the property market of these cities
• However, experts said in the report, the amount of loans for property purchase down-payments issued through peer-to-peer lending platforms would have been less than CNY5 billion, significantly smaller than the size of the entire market in these cities

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