City Beijing Financial News

BEIJING — U.S. Secretary of State Antony Blinken said Monday he failed to revive military-to-military talks with China, despite earlier hopes of reopening that communication channel.

U.S. Secretary of State Antony Blinken on Sunday met with Chinese Foreign Minister Qin Gang and top diplomat Wang Yi in Beijing on a high-stakes diplomatic mission to cool U.S.-China tensions that have overshadowed geopolitics in recent months.

BEIJING — Venture capitalists in China that once relied on U.S. investors are now holding court with Middle Eastern money.

Hong Kong’s banking regulator has reportedly exerted pressure on banks including HSBC, Standard Chartered, and Bank of China to engage with crypto clients.

BEIJING — U.S. Secretary of State Antony Blinken is set to travel to Beijing this weekend in his first trip to China under the Biden administration.

Student athletes from around the world will get the chance to use China’s digital yuan in July, with the CBDC put to use at the Summer World University Games in Chengdu.

BEIJING — Businesses in China are spending cautiously on advertising this year as local consumption isn't expected to bounce back for a while yet.

BEIJING — China can't easily rely on its neighbors as export markets in a global slowdown, the latest trade data show.

BEIJING — China's largest banks cut interest rates for savers on Thursday in a bid to boost growth in an economy where consumption has been slow to recover.

BEIJING — China's exports fell in May for the first time since February, customs data showed Wednesday.

BEIJING — China's economic recovery from the pandemic is set to broaden, meaning the country isn't headed toward Japan-style stagnation just yet, according to Macquarie's Chief China Economist Larry Hu.

China's perspective on web3 has come to light through a recently released white paper that suggests China is open to incorporating web3 into its future internet.

Digital yuan payment adoption is stepping up in China ahead of the Asian Games, with venue cities rolling out a range of central bank digital currency (CBDC) transport options.

Momentum in crypto markets shows no sign of slowing down, as Hong Kong Inu ($HONG) explodes +50,000% in earth-shattering pump dawning a return to February's Chinese narrative.

BEIJING — Chinese electric car startup Li Auto said it delivered more than twice as many cars in May versus a year ago.

British multinational bank Standard Chartered and PwC China have teamed up to produce a white paper on applications for central bank digital currency (CBDC) in the so-called Greater Bay Area of China – Guangdong Province, Hong Kong and Macao. Programmability will make all the difference, they concluded.

The 2023 crypto cycle has been dominated by eye-catching crypto narratives garnering immense traction - sending low-cap altcoins surging. 

Hong Kong has decided to let retail investors trade cryptocurrency under its new regulatory regime because «virtual assets are going to stay», the city's minister overseeing financial services said Tuesday.Cryptocurrencies have been banned in mainland China since 2021, but the former British colony, which has a separate financial system and regulators, has announced plans to become a major digital asset hub. From June 1, authorities will begin accepting applications for licences from cryptocurrency exchanges that will allow them to sell major tokens including bitcoin and ether to individual traders. «Despite the potential risks involved, (virtual assets) also carries with it fundamental value,» Christopher Hui, Hong Kong's secretary for financial services and the treasury, told AFP in an interview.

On May 27, 2023, the Beijing Municipal Science and Technology Commission and the Zhongguancun Science and Technology Park Management Committee unveiled the «Beijing Web 3.0 Innovation and Development White Paper (2023)» at the parallel forum of the Zhongguancun Forum titled «Web 3.0: Future Development of the Internet Industry.»

JPMorgan Chase & Co CEO Jamie Dimon on Wednesday called for «real engagement» between policymakers in Washington and Beijing, as Sino-U.S. relations continue to fray.

BEIJING — Fewer than 6% of U.S. flights to and from mainland China that existed in 2019 have resumed, according to a Nomura report.