Main-board listing candidate Beijing Capital Land said the government's stricter mortgage lending policy would only have a slight impact on its business. About 20 per cent of the company's clients paid with mortgage loans, chairman Liu Xiaoguang said. Another 70 per cent purchased with one-off payments. Mr Liu dismissed concerns about the mainland's overheated property market, saying there was 'no sign of speculators' in Beijing. 'There is no bubble in the capital's property market ... which is dominated by end-users,' he said. This is despite the central government's concern about the country's overheated market for high-end real estate. Beijing Capital, the property arm of government-backed Beijing Capital Group, focuses on middle to high-end residential and office projects in the capital. The company said it had secured land use rights to construct 2.2 million square metres of gross floor area. The company had borrowed 1.4 billion yuan (HK$1.31 billion) to buy the land use rights, with 838 million yuan due within a year.