Heavy use of finance and capital in.....>

CHINA PRESS: Heavy use of finance and capital in the property rental market

causes risks, for which authorities should increase regulations, Economic Daily

reported Tuesday. 

  - Dingjia, a long-term apartment operator, announced its bankruptcy last week,

causing around 4,000 renters to suffer monetary losses; 

  - This bankruptcy exposed housing agents and online lending platforms

colluding to make tenants take out loans unknowingly, while Dingjia used both

the whole-year rent and loans from lending platforms for its expansion; 

  - Some property companies and apartment operators engage in various illegal

practices, such as bidding up renting prices, which increases risks for the

sector, the newspaper said, citing experts calling for tighter policy controls

on the sector.