City Beijing Financial News

31.03 / 15:43

Man Japan Curbs Semiconductor-Gear Exports as Ties With China Chill

TOKYO—Japan said it would restrict the export of advanced semiconductor equipment, a measure that could hamper development of China’s industry and marks a further cooling of relations after the detention of a Japanese pharmaceutical-company employee in Beijing.

30.03 / 09:37

UPS CBDC Digital JPY Bank of Japan Boss Hints CBDC & Stablecoins Can Coexist – Is Japan Edging Toward a CBDC Rollout?

The central Bank of Japan (BoJ) has stated that regulated stablecoins and a forthcoming central bank digital currency (CBDC) can coexist – and has given the clearest signal so far that Japan will launch a digital yen.

30.03 / 03:55

UPS MET CEO Apple NVIDIA China's Premier Li Qiang seeks to rally Asia behind Beijing

BO'AO, China — Chinese Premier Li Qiang sought to rally Asian countries behind China in his first public address to an international audience as premier.

29.03 / 17:27

business Binance Binance concealed ties to China for years, even after 2017 crypto crackdown: Report

Binance CEO Changpeng "CZ" Zhao and other senior executives have been for years concealing the crypto exchange ties with China, according to documents obtained by the Financial Times.

27.03 / 15:22

UPS Digital Platform Hong Kong Crypto Hong Kong crypto firms notice high interest from Chinese banks

Chinese state-owned banks have reportedly proven to surprise supporters of cryptocurrency companies by setting up shops in Hong Kong.

27.03 / 09:35

Adoption Chinese State-Owned Banks Extend Crypto-Friendly Hand to Hong Kong Firms

China’s state-owned banks are offering services to local cryptocurrency companies in Hong Kong as the city embraces a more friendly regulatory stance.

27.03 / 03:09

Cooper Citizens Manufacturing CEO Align Pfizer Pfizer signs agreement with China on improving health coverage in the country

BEIJING — U.S. pharma giant Pfizer has signed an agreement with China to cooperate on improving the country's health coverage, according to the company.

27.03 / 01:53

COST Citi Provident Target FIVE Fitch China's debt-heavy local governments look for new ways to raise cash

BEIJING — Debt-heavy local governments in China need new ways to raise money under a central regime that's made clear its priority is to reduce financial risks.

24.03 / 15:25

Exodus China’s Economic Lifeline to Russia Gives Beijing Upper Hand

Chinese President Xi Jinping’s visit to Moscow—and the flurry of trade, energy and infrastructure deals discussed during his trip—has laid bare an increasingly uncomfortable truth for Moscow: In a relationship the Kremlin has long treated with the utmost caution, China is gaining the upper hand.

24.03 / 15:03

UPS Citi Digital Platform Cross-border Digital Yuan Adoption Drives Now Focusing on Cross-border Pay – Are CBDCs Set to Take Over?

A growing number of Chinese government city authorities, banks, and firms are looking to adopt the digital yuan as a payment tool – as the central bank digital currency (CBDC) rollout continues to intensify.

24.03 / 11:29

FIVE BLOCK Extreme CEO Remark ByteDance TikTok TikTok wants to distance itself from China — but Beijing is getting involved

BEIJING — China says it would «strongly oppose» a forced sale of TikTok, making clear the government's involvement with the social media giant that's trying hard to distance itself from Beijing authorities.

23.03 / 16:37

Exodus China’s Economic Lifeline to Russia Gives Beijing Upper Hand

23.03 / 15:49

Citi Provident Digital XRP CEO Platform Bitcoin expansion regulatory Aussie Crypto Exchange Eyes Hong Kong Expansion Amid Favorable Regulatory Landscape

As the United States grapples with the challenges posed by an evolving cryptocurrency landscape, Asia emerges as a beacon of innovation and opportunity for digital asset businesses.

23.03 / 11:21

Power China Is Starting to Act Like a Global Power

BEIJING—China now sees itself as a global power—and it is starting to act like one.

23.03 / 08:09

Facebook Target Platform Strategy Tesla Tencent Time ad Tencent's online ad revenue grows for the first time in more than a year

BEIJING — Chinese tech giant Tencent reported better-than-expected quarterly revenue on Wednesday, helped by growth in ads within its growing «video accounts» business.

22.03 / 22:15

Power China Is Starting to Act Like a Global Power

BEIJING—China now sees itself as a global power—and it is starting to act like one.

17.03 / 10:39

MET week China's Xi to go to Russia next week for his first visit since Putin ordered invasion of Ukraine

BEIJING — Chinese President Xi Jinping is set to visit Russia from March 20 to 22, China's Ministry of Foreign Affairs announced Friday.

17.03 / 08:25

UPS FIVE Tesla Financial China revives ruling party control of financial oversight

BEIJING — The ruling Communist Party of China is establishing commissions to oversee finance and tech, state media announced Thursday.

16.03 / 16:09

FIVE Progressive Enterprise U.S., Taiwan Move Closer to Trade, Investment Agreement

TAIPEI—The U.S. and Taiwan moved a step closer toward a bilateral trade and investment initiative, with both sides signaling progress in the talks at a time of heightened tensions between Washington and Beijing.

16.03 / 15:13

UPS Lowe's Microsoft CEO Enterprise Baidu Drop week Baidu shares drop to 8-week lows after company reveals ChatGPT rival

BEIJING — Chinese tech company Baidu on Thursday gave the public a peek at what its Chinese-language ChatGPT alternative can do, while warning of its imperfections.

15.03 / 10:35

UPS Target Remark Moodys Moody's retains 'negative' outlook on China's banks amid challenges of emerging from Covid-zero

BEIJING — Ratings agency Moody's said Wednesday it maintained a «negative» outlook on China's banking sector as a result of a drawn out recovery after Beijing's Covid controls ended.

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