City Beijing Financial News

16.02 / 05:11

Strategy COMPOSITE HSBC BlackRock Time From Credit Suisse to Goldman Sachs, investment banks say it's time to buy Chinese stocks

BEIJING — More and more international investment analysts say it's time to buy mainland Chinese stocks, ahead of expected government support for growth.

15.02 / 17:23

Blockchain Adoption Winter Olympics Bitcoin controversy Crypto at the Olympics: NFT skis, Bitcoin bobsledders and CBDC controversy

The 2022 Winter Olympics, officially called the XXIV Olympic Winter Games, kicked off on Feb. 4 in Beijing with crypto being a major part of the event, partly because of the Chinese government’s digital currency ambitions.

15.02 / 11:45

Chinese Developers’ Sales Tumble in January

China’s property developers started 2022 with weak sales, as many real-estate companies struggled to rekindle interest from home buyers despite Beijing’s recent attempts to ease some restrictions on the troubled sector.

14.02 / 10:47

Venice love Winter Olympics Kamila Valieva: Russian can compete at Winter Olympics, rules court, despite failed drugs test

Russian figure skater Kamila Valieva will be allowed to compete for a second gold medal at the Winter Olympics despite failing a pre-Games drug test.

11.02 / 19:53

business Blockchain Bitmain Bitcoin Standard Joint Venture Bitmain signs 500MW joint venture with sustainable BTC miner Merkle Standard

Beijing-based Bitmain has partnered with a United States-based sustainable Bitcoin miner, Merkle Standard, which will contribute capital investment, expertise and parts.

11.02 / 18:47

Technology Winter Olympics Olympian displays sign calling for 'No War in Ukraine'

A Ukrainian skeleton athlete flashed a small sign that read “ No War in Ukraine ” to the cameras as he finished a run at the Beijing Olympics on Friday night.

11.02 / 17:27

Provident Digital Baidu Chinese metaverse to look different than the rest of the world’s

Chinese search provider Baidu had announced a self-developed metaverse last year in December. The year when China took a policy decision to curb all private crypto activities from the country by tagging them ‘illegal.’ However, interestingly, this year China was also the front runner to launch an e-CNY CBDC during the Beijing Olympics. Many commentators fear, the e-CNY will be a centralized version of a digital currency under the PBoC’s surveillance.

11.02 / 12:35

Digital VISA Platform Mobile Winter Olympics Digital Yuan Transactions Overtakes Visa during Beijing Winter Olympics

At the opening ceremony of the 2022 Winter Olympics in Beijing, the number of transactions using the digital yuan greatly exceeded Visa, according to a Wall Street Journal reported on Wednesday.

11.02 / 10:15

aids Winter Olympics hearing Winter Olympics: Doping hearing to decide Russian skater Kamila Valieva's fate

Russian figure skater Kamila Valieva’s right to compete in the women’s event at the Beijing Olympics will be decided at an urgent hearing at the Court of Arbitration for Sport.

11.02 / 04:43

regulation Sport Gaming Winter Olympics Official Winter Olympics P2E Game Is a Non-Starter in the Games’ Host Country

Crypto is making its presence felt through its absence at the Winter Olympics, currently underway in China. The International Olympic Committee (IOC) has struck a partnership deal with nWay, a subsidiary of the play-to-earn (P2E) gaming giant Animoca Brands, which has released the “official video game” of Beijing 2022. The snag? It’s banned in the Olympic host nation.

11.02 / 01:23

business VISA transactions Winter Olympics Digital yuan transactions beat out Visa at Winter Olympics venue: report

On the day of the opening ceremony of the Beijing 2022 Winter Olympics, there were reportedly more transactions made in China’s central bank digital currency than those through Visa.

10.02 / 09:13

NFT United Nations UN approves NFT standards initiative led by Tencent

Chinese entertainment conglomerate Tencent has been approved by the United Nations to lead a project exploring the creation of a standard technical and security framework for non-fungible tokens (NFTs) .

10.02 / 06:13

Strategy Matthews SoftBank NVIDIA SoftBank's long-term investment strategy may benefit in the current interest rate environment, says CLSA

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09.02 / 22:37

Blockchain NFT Mobile Games Game review: Olympic Games Jam Beijing 2022

Olympic Games Jam: Beijing 2022 is the Winter Olympic's official play-to-earn multiplayer mobile game, created in collaboration between Animoca Brands-owned nWayPlay game studio and the International Olympics Committee. The app is currently only available on the Google Play store for Android phones, with no official release date for iOS devices yet. In the Olympian spirit, Cointelegraph played the newly launched game and reviewed the experience.

09.02 / 19:41

cryptocurrency Sport Winter Olympics Bitcoin Darya Dolidovich: Belarusian skier flees to Poland after Winter Olympics ban

A cross-country skier has fled Belarus for Poland after being banned from competing at the Winter Olympics due to their political views.

08.02 / 12:09

JPMorgan Gap Fighting Apple China's holiday box office plunges by 23% as theaters push prices to record highs

BEIJING — Chinese consumer spending on movies plunged during the Lunar New Year holiday last week as theaters raised prices to record highs.

08.02 / 04:17

CBDC Adoption Sport Central Bank China’s Winter Olympic Digital Yuan Gets Frosty Reception from Some ‘Foreigners’

China is continuing in its efforts to wow the world with its digital yuan at the Winter Olympic Games, which got underway on Friday last week. But it appears that not all attendees – both Chinese and overseas visitors – have been blown away by the token’s usability.

07.02 / 21:25

SEC Court Winter Olympics Law Decoded: Tangible wins, new menaces and the global crypto taxation drive, Feb. 1–7

Every global event or major political crisis these days can trigger a digital asset-related conversation. As China welcomes the world’s top athletes to the Beijing 2022 Winter Olympics, showing off ultra-high-tech facilities and sports infrastructure, some United States politicians have raised concerns over the Games’ potential to act as a booster to the digital yuan’s adoption. In neighboring Myanmar, the military government that had overthrown the nation’s elected leadership a year ago is now looking into launching its own digital currency, not to project economic influence but to improve the domestic payments system and the struggling economy more broadly.

07.02 / 12:27

Provident Digital VISA Winter Olympics U.S. Should Examine Chinese Digital Yuan Rollout during Winter Olympics: Senator Toomey

Senator Pat Toomey, a senior member of the U.S. Senate Banking Committee, requested the U.S. administration to closely examine the Chinese digital yuan's rollout during Beijing Winter Olympics.

07.02 / 09:29

interview Food Sexual assault Winter Olympics Chinese tennis star Peng Shuai says sex assault allegation was 'enormous misunderstanding'

Chinese tennis player Peng Shuai has told a French newspaper that international concern over her well-being is based on “an enormous misunderstanding” and she denied having accused a high-ranking Chinese official of sexual assault.

05.02 / 21:31

Winter Olympics COVID in Europe: Austrian vaccination law comes into effect while Danes enjoy eased measures

A new law making vaccination against COVID-19 compulsory for all residents above 18 years of age has come into effect in Austria.

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