Reuters reported on September 7 that US-listed property agency KE Holdings was planning to raise about US$2 billion (13 billion yuan) through a dual listing in Hong Kong. Goldman Sachs will take charge of the IPO as soon as the end of the year.

KE has denied any plan to list in Hong Kong.

China’s property market, especially prices for resale and mortgages, has recently been subject to severe restrictions. On August 19, KE Holdings shares fell 15 percent after Hangzhou, the capital city of Zhejiang Province, announced a plan to launch an official resale property trading system that allows the buyers and sellers to negotiate directly without an agent.