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Property demand in China stable despite turbulence: Fang Fenglei

Hopu chairman confident Beijing's new tech rules will transform online companies

Fang Fenglei, 69, spearheaded investments in China and was involved in major acquisitions and listings there as a partner in Goldman Sachs in the early years of the investment bank's expansion into the country.

BEIJING -- Uncertainty in the Chinese property market has sent prices falling, but Fang Fenglei, popularly known as China's "first investment banker," believes the market is turning a corner and starting to stabilize.

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