City Beijing Financial News

15.03 / 01:39

Blockchain Digital Platform Exodus China: >59,000 NFT-related complaints in 2022, claims regulator

The market for non-fungible tokens in China saw a boom last year. However, it seems that the growth in demand came with problems of its own. The country’s State Administration for Market Regulation has released a report ahead of the World Consumer Rights Day. It revealed that the regulator received thousands of complaints related to NFTs in 2022.

13.03 / 23:29

Action How Beijing Boxed America Out of the South China Sea

In early February, a Philippine coast guard vessel approached a small outpost in the South China Sea when it was hit by green laser beams that temporarily blinded its crew. The source was a Chinese coast guard ship, which Philippine authorities said approached dangerously close.

13.03 / 15:11

UPS Ripple Mobile Fallout HSBC SVB Silicon Valley Bank collapse hits startups as far away as China

The Silicon Valley Bank fallout has ripple effects on Chinese startups, particularly those backed by U.S. dollar-denominated funds.

13.03 / 09:37

UPS Target Enterprise In his first address, China's new premier says high quality growth is a priority

BEIJING — China's new premier Li Qiang said Monday that policymakers would focus on the quality of growth — especially on ordinary people's need for housing, income, education and health care.

12.03 / 18:07

Action How Beijing Boxed America Out of the South China Sea

12.03 / 04:37

Action How Beijing Boxed America Out of the South China Sea

10.03 / 11:51

UPS Reuters Williams CEO Puzzle Adidas Consumer spending in China isn't surging back yet, companies say

BEIJING — China has yet to see a strong rebound in consumer spending, according to major companies.

10.03 / 04:01

recovery Chinese Exports Pull Back Again, Hampering Post-Covid Recovery

HONG KONG—The export engine that propelled China’s recovery through much of the pandemic sputtered to start the year, complicating Beijing’s efforts to juice an economy that is still reeling from three years of stringent “zero-Covid” restrictions.

09.03 / 06:25

recovery Chinese Exports Pull Back Again, Hampering Post-Covid Recovery

08.03 / 15:39

recovery Chinese Exports Pull Back Again, Hampering Post-Covid Recovery

08.03 / 11:53

UPS Target FIVE Digital Moodys China plans to revamp finance, tech oversight

BEIJING — China plans to overhaul its financial regulatory system by consolidating aspects of the central bank and securities regulator under a new entity, while doing away with the existing banking regulator.

07.03 / 16:17

regulation Financial Systems National Financial China announces plans for new national financial regulator

The Chinese government has plans for a governmental overhaul, according to a new announcement. This includes introducing a new national financial regulator.

07.03 / 11:15

recovery Chinese Exports Pull Back Again, Hampering Post-Covid Recovery

06.03 / 12:07

Lowe's Target Platform Remark Moodys China takes a cautious approach to its economy in 2023

BEIJING — China's leaders struck a cautious tone about the outlook for the country's economic rebound, after ending most Covid restrictions on business activity late last year.

06.03 / 11:25

Target China Sets Conservative Growth Target as Challenges Loom

HONG KONG—China unveiled its lowest growth target in more than a quarter-century as Beijing faces challenges in the domestic and global economy following its emergence from three years of strict Covid-19 measures.

03.03 / 04:23

UPS Manufacturing Apple Mercedes-Benz Pfizer foreign China is rolling out the red carpet to attract foreign executives

BEIJING — China is pulling out all the stops to keep multinationals like Apple and its supplier Foxconn in the country.

02.03 / 14:31

CBDC Adoption Bank of China reports NOT Hong Kong citizens not interested in digital yuan: Reports

The Chinese government’s beloved project of central bank digital currency (CBDC) has not sparked much enthusiasm in the citizens of Hong Kong. In the first four days since the “digital yuan” (also known as “e-CNY”) hard wallets became accessible to the islanders, only 625 Hongkongers had actually obtained them.

01.03 / 14:39

MET Treasury Official Travels to Beijing Despite U.S.-China Tensions

A senior Treasury Department official recently traveled to Beijing, according to people familiar with the matter, in a sign of continued diplomacy despite recent tensions between the U.S. and China.

01.03 / 14:39

Fewer American Companies See China as a Top Investment Priority

HONG KONG—Fewer U.S. companies consider China a top investment destination following disruptions caused by Beijing’s harsh anti-Covid measures and rising geopolitical tensions, according to an annual survey by a major American business group.

28.02 / 06:11

UPS Lowe's Aware Action SPY The U.S. and China have a culture clash around their telephone hotline

BEIJING — The politically important U.S.-China relationship is vulnerable to cultural differences — such as why a phone call doesn't get picked up.

27.02 / 04:33

Lowe's Cooper Aware China Renaissance says its missing founder Bao Fan is cooperating with a government probe

BEIJING — Missing Chinese investment banker Bao Fan is cooperating with a government investigation, his firm China Renaissance said in a filing Sunday.

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