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News RoundupOnline LendingReal EstateRegulation
·Oct. 28, 2016

Chinese Regulators Raid Real Estate and Social Financing Companies

Chinese regulators raided over 40 companies in China to investigate for illegal activities pertaining to the country's newly disseminated laws; investigators found property agents listing homes that owners had not agreed to sell and providing false information about properties; with a focus on real estate property investing, the investigators also found P2P lenders offering down payment loans after they were recently restricted by regulators.  Source

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