City Beijing Financial News

03.03 / 03:25

CBDC Adoption Central Bank banking Winter Olympics China’s Digital Yuan Set for Local Adoption, Airport, Banking Drives

China’s digital yuan is edging ever closer to a nationwide rollout, with banks, airports, and provinces looking to boost their adoption efforts following last month’s Winter Olympics and ahead of the Paralympic Winter Olympics.

02.03 / 16:47

U.S. Moving to Confront China on Trade, Industrial Policy

WASHINGTON—The Biden administration is preparing to confront China on its industrial subsidies and seek ways to protect America’s edge in new technologies, hardening U.S. economic policy toward the nation’s chief global rival.

02.03 / 10:17

Target Cooper Citizens Here's how Chinese media is covering Ukraine

BEIJING — In China, tightly controlled coverage of Russia's invasion of Ukraine has focused heavily on negotiations.

01.03 / 20:11

U.S. Says It Is Realigning Its China Trade Policy

WASHINGTON—The Biden administration said it is realigning its trade policy toward China, looking at all existing tools and potentially new ones to combat Beijing’s state-led nonmarket practices.

28.02 / 21:57

Digital Aware Platform Santiment With sanctions at the fore, will Russia adopt the digital yuan? Well, it might…

You may know the ‘Society for Worldwide Interbank Financial Telecommunication’ as SWIFT – a cross-border payment system that makes it possible for users worldwide to shop, transfer money, pay fees, and more. Now, with major financial institutions in Russia cut off from the system and the currency falling in value, some have speculated that Russia could turn to China for an alternative.

28.02 / 12:47

Ban Beijing Bitcoin network Bitcoin Network Bitcoin network's carbon emission jumped 17% after China ban: Report

Bitcoin network’s proof-of-work mining consensus has been a topic of evironmental, social and governance (ESG) debates for a long time and a new study may only add to the growing controversy around BTC's carbon footprint.

28.02 / 09:43

Manufacturing Platform Токены HANS Chinese electric car start-up Nio plans to list in Hong Kong on March 10

BEIJING — U.S.-listed Chinese electric car company Nio is set to offer its shares for trading in Hong Kong on March 10, the start-up announced Monday.

25.02 / 04:23

cryptocurrency Ban Bitcoin Chinese Provinces Tighten Crypto Crackdown – Despite Setting New Electricity Rates for Miners

A number of Chinese provinces have increased the rate at which crypto miners must pay for electricity – despite the fact that mining has been outlawed in the nation.

24.02 / 15:57

Crowdfunding Court Beijing China's Supreme Court adds digital currency to list of illegal fundraising methods

China’s hardline policy on crypto took another turn on Thursday as the Supreme Court of the country revised its judicial interpretation for illegal fundraising to include digital currency transactions.

24.02 / 15:47

Citi Action Fighting China refuses to call Russian attack on Ukraine an ‘invasion,’ deflects blame to U.S.

BEIJING — China's Foreign Ministry spokesperson refused to categorize Russia's attack as an «invasion» during a press conference Thursday.

24.02 / 09:51

MET Moodys Drag Moody's downgrades Chinese property developer Shimao as debt troubles drag on

BEIJING — Moody's downgraded Chinese property developer Shimao Group Holdings on Wednesday based on expectations that the company will find it harder to repay investors on time.

22.02 / 12:49

UPS Manufacturing Moodys tax breaks China's finance ministry talks up tax breaks and spending on homegrown tech

BEIJING — China will cut taxes and fees on a greater scale this year, while focusing on supporting the nation's tech development, Finance Minister Liu Kun said Tuesday.

21.02 / 21:53

Fire Winter Olympics Putin to recognise Ukrainian separatist regions, Kremlin says, in escalation of tensions

Russian President Vladimir Putin is set to recognise the independence of two rebel-controlled regions in eastern Ukraine, the Kremlin said, breaching the 2015 protocol that ended the conflict in Donbas and further inflaming the tensions between the two countries.

19.02 / 12:01

UPS IPO Platform Remark Some U.S.-listed Chinese stocks will need Beijing's approval to stay public in other overseas markets

BEIJING — If U.S. regulation forces Chinese companies to delist from New York, new rules from Beijing further complicates their path to raising money in public markets abroad.

18.02 / 07:33

UPS Digital No reversal on China's tech crackdown in sight as Xi calls for more work on laws

BEIJING — Chinese President Xi Jinping told top leaders to speed up work on new laws for the technology sector during a speech in early December, according to the Chinese Communist Party's bimonthly journal published Wednesday.

17.02 / 05:43

UPS COMPOSITE MSCI Global investors snap up Chinese stocks despite market declines

BEIJING — International investors are putting more money into Chinese stocks, even as local investors have remained cautious on the mainland markets.

17.02 / 04:35

CBDC Adoption banking Winter Olympics Chinese IT Companies, Banks Expand Range of Offline Digital Yuan Solutions

Chinese banks and IT firms are continuing to roll out a diverse range of “hard” digital yuan wallets as they lay the ground for the full rollout of the nation’s central bank digital currency (CBDC).

17.02 / 03:11

Private equity houses keep faith in China despite business crackdown

For the last fortnight, China has been celebrating the Year of the Tiger, a symbol of the country’s culture that is said to represent courage, bravery, competitiveness and confidence.

16.02 / 20:55

Citi Remark Subway China’s ‘Zero-Covid’ Policy Holds Lessons for Other Nations

Ever since China adopted its policy of stamping out every Covid-19 infection, outsiders have wondered whether it could last. With each new, more infectious variant, “zero Covid” has required more vigilant and frequent crackdowns on daily activity.

16.02 / 17:15

Target Action 2020 Deal U.S. Faults China for Failing to Meet Purchase Targets Under 2020 Trade Deal

WASHINGTON—The Biden administration faulted China for failing to meet its commitments to purchase U.S. goods under the 2020 trade deal, and said it was prepared to take further action to level the competitive playing field with Beijing.

16.02 / 10:49

Manufacturing boost China Inflation Eases as Economy Could Use a Boost

HONG KONG—Inflationary pressure in China continued to ease in January, offering room for Beijing to stimulate growth while more major economies are looking to tighten policy to curb rising prices.

latest developments in city Beijing

What is the current situation in city Beijing?

In city Beijing, the spotlight is on socially significant developments that impact the interests of residents.

Where can I find reliable news about city Beijing?

We publish reliable reports about the situation in city Beijing, based on information from regional journalists.

What shapes the media agenda in city Beijing?

The news landscape of city Beijing is shaped by key decisions by local authorities, reflecting its specific characteristics.