City Beijing Financial News

23.02 / 11:17

UBS UBS plans for mutual-fund license in China

UBS is preparing to apply for a mutual-fund license in China, according to people familiar with the matter, becoming the latest Western bank to take advantage of Beijing’s relaxed rules on foreign financial institutions.

23.02 / 05:21

Microsoft Google Platform Strategy Tencent Interface China tech companies are closely watching ChatGPT's A.I. skills. Here's what they're doing

BEIJING — The business story of ChatGPT right now is more about what isn't known.

21.02 / 20:19

UPS Citi Provident Digital China reportedly approves crypto usage in Hong Kong, details inside

The island of Hong Kong seems to have the veiled approval of mainland China for its recent move to attract crypto investors to establish itself as a crypto hub. Recent reports suggest that Beijing is onboard with the move, which has helped to encourage mainland Chinese firms to return to the city.

21.02 / 17:11

Blockchain UPS Ethereum Action Fighting Bitcoin Best Crypto to Buy Today 21 February – FGHT, CFX, CCHG, NEO, RIA

Markets are exploding this week on the back of a sensational Chinese narrative.

21.02 / 08:43

business Law regulation Asia Hong Kong’s crypto ambition gets subtle nod from Beijing: Report

Hong Kong’s ambition of becoming a cryptocurrency hub is reportedly seeing subtle support from the Chinese government, in what could be seen as a contrast to the mainland’s hard-line anti-crypto stance.

20.02 / 06:33

UPS IPO JPMorgan Platform Shell IPOs China formalizes rules for overseas IPOs

BEIJING – China-based companies now have more clarity on whether they can list overseas in the U.S.

17.02 / 14:19

China Begins Hong Kong ‘Cross-Border’ Digital Yuan Pilot

Shenzhen, China, has begun a retail-focused “cross-border” digital yuan pilot with Hong Kong.

17.02 / 08:43

UPS IPO CEO JPMorgan China Renaissance shares plunge more than 20% after it says founder Bao Fan is missing

BEIJING — Prominent Chinese investment banker Bao Fan is missing, his company China Renaissance Holdings said late Thursday.

15.02 / 04:23

UPS Citi Reuters JPMorgan Subway recovery China's economic recovery is off to a slow start

BEIJING — China's economic recovery is off to a modest start.

13.02 / 19:00

IPO NASDAQ JPMorgan Platform Fallout Nov IPOs Chinese IPOs are coming back to the U.S.

BEIJING — Chinese startups are raising millions of dollars in U.S. stock market listings again, after a dry spell in the once-hot market.

13.02 / 18:35

UPS Waves Manufacturing CEO JPMorgan Pressure on China’s factories grows as U.S. demand falls

BEIJING — For some factories in China, it's not full steam ahead after the end of zero-Covid.

13.02 / 18:16

Waves Manufacturing CEO Tesla Chinese EV brand Zeekr is now worth more than Xpeng

BEIJING — Geely-backed electric car brand Zeekr said Monday it's now valued at $13 billion after a $750 million raise from Chinese battery giant CATL and others.

13.02 / 13:47

CEO Volkswagen Apple Continental Mercedes-Benz Pfizer From Apple to VW, CEOs Gradually Returning to China After Its Reopening

BEIJING—Top executives from multinational companies are trickling back into China with the country’s reopening, even as U.S.-China tensions grow following the appearance of a suspected Chinese surveillance balloon over the continental U.S.

12.02 / 14:55

CEO Volkswagen Apple Mercedes-Benz Pfizer From Apple to VW, CEOs Gradually Returning to China After Its Reopening

BEIJING—Top executives from multinational companies are trickling back into China with the country’s reopening, as Beijing seeks to restore confidence from global businesses in its struggling economy and attract investments.

12.02 / 13:31

Blockchain Adoption Blockchain technology Future Chinese Government Sets Sights on Blockchain Future with New Center – Here's What You Need to Know

China has launched a state-backed research center dedicated to exploring blockchain’s potential and achieving core technological breakthroughs related to the technology.

11.02 / 18:09

SPY U.S. Blacklists Chinese Companies It Links to Balloon Program

WASHINGTON—The U.S. blacklisted six Chinese companies Friday that it said were involved in Beijing’s surveillance-balloon program, in a move taken in retaliation for the suspected spy balloon that traversed the U.S.

10.02 / 14:29

SPY U.S. Poised to Further Tighten Technology Exports to China After Balloon Incident

WASHINGTON—China risks losing even more access to Western technology after a suspected spy balloon traversed the U.S., as Washington and its allies consider punishing Beijing with stiffer restrictions on products it needs to advance its military and economic might.

10.02 / 14:19

Blockchain CBDC Adoption Research National China to launch national blockchain research center

Despite its ongoing crackdown on crypto, China continues to embrace blockchain technology — up to the point of launching the National Blockchain Technology Innovation Center in the capital city of Beijing.

08.02 / 17:51

UPS Digital Software Winter Olympics network Electricity- and Network-free Digital Yuan Payments Taking off in China – Report

Electricity-free digital yuan payment adoption is reportedly on the rise in China – where smartphone users can spend their coins without a network connection.

08.02 / 15:23

Citi Citizens Chinese Consumers Hoard Cash After Confidence Takes a Hit

Beijing is trying to kick-start economic growth after lifting its stringent Covid-19 restrictions. One challenge: Chinese citizens borrowed less and saved more last year and it isn’t clear how long it will take to return to freer-spending ways.

06.02 / 08:13

CBDC Adoption Digital Currency Central Bank Yuan boost China doles out millions in digital yuan in bid to boost adoption: Report

Millions of dollars worth of China’s Central Bank Digital Currency (CBDC) has been handed out across the country over the Lunar New Year period in a bid to boost its takeup.

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