According to the rumored minutes, Mao Daqing, vice president of China Vanke, the country's largest property developer by revenue, showed pessimism about the property bubble and said a real estate slump is brewing.

Mao soon after claimed the alleged statements were rumor, explaining that his warning about risks during an internal seminar had been distorted and his words had been deliberately mixed with other attendees' worries.

However, the country's disappointing performance in real estate this year has led some to believe the rumors are true.