City Beijing Financial News
10.12 / 19:07
Global Trade
U.S.-China Frictions Undercut Efforts to Settle Global Trade Disputes
WASHINGTON—Rising tensions between the U.S. and China are hampering efforts by members of the World Trade Organization to repair its ability to settle international trade disputes.
10.12 / 12:07
10.12 / 11:47
IPO
NASDAQ
Fallout
Didi is delisting in New York. Here's what happens if you own a delisted stock
BEIJING — For Americans looking to play the China growth story, Didi's delisting from the U.S. shows the rising political risk of investing in U.S.-listed Chinese stocks.
09.12 / 18:25
COST
China’s Latest Challenge Is Engineering a Soft Landing for a Sputtering Economy
HONG KONG—Chinese leaders are trying to reverse a sharp growth slowdown without abandoning policies that triggered much of the weakness to begin with—a tricky task that could test Beijing’s ability to engineer a soft landing for the world’s No. 2 economy.
08.12 / 19:55
Beijing Reins In China’s Central Bank
The People’s Bank of China has never been politically independent like a Western central bank, but it has nonetheless enjoyed a special status in the nation’s economic hierarchy. Now, President Xi Jinping’s shake-up of China’s financial sector is stripping that away.
06.12 / 23:31
Winter Olympics
US announces diplomatic boycott of Beijing Winter Olympics
The United States will stage a diplomatic boycott of the upcoming Winter Olympics in Beijing to protest Chinese human rights abuses, the White House said on Monday
06.12 / 22:28
Blockchain
Digital
Progressive
Platform
Winter Olympics
e-CNY
China’s e-CNY efforts on war footing, but here are the issues that need solving
China has taken several steps to successfully implement its digital Yuan, despite some setbacks in the past. Now, the Beijing Winter Olympics is set to take center stage in February. According to Fan Yifei, a Deputy Governor at the People’s Bank of China (PBOC), infrastructure construction for e-CNY use during the Winter Olympics has entered the “sprint stage.”
06.12 / 14:05
COST
Reserve
China’s Central Bank Cuts Reserve Requirement Ratio for Banks
BEIJING—China’s central bank said Monday it would lower the amount of funds banks have to set aside, replenishing liquidity into the financial system in a bid to support the economy and cut financing costs for businesses.
04.12 / 12:47
UPS
Provident
Digital
Platform
Winter Olympics
e-CNY
Is China e-CNY CBDC effectively competing with WeChat Pay and AliPay
China has become the frontrunner when it comes to the global CBDC race. China’s e-CNY is expected to witness a full-fledged launch by February 2022. However, so far, it has already conducted several large-scale trials in its advanced pilot stage.
04.12 / 04:29
Ethereum
regulation
Bitcoin
Chinese Crypto Mining Crackdown Turns Focus to PC Rooms and ‘Home Miners’
Having effectively eliminated its industrial crypto mining sector, China is now going after the small fry: internet café and PC gaming room operators – and even those mining on rigs and cards at home – as Beijing moves to squash the mining industry once and for all.
02.12 / 13:12
Blockchain
Digital
coinbase
Interest Rise among Investors towards US Startups as China sees Crypto Crackdown
Since the crackdown of cryptocurrencies in China earlier this year, more crypto and Blockchain startups in the U.S. than in Asia are receiving support from venture investors for the first time in four years.
02.12 / 09:25
Platform
Mobile
Tencent
In a move to break down barriers, a Tencent exec says WeChat Pay will soon be available 'in all places'
GUANGZHOU, China — Barriers between China's tech rivals like Alibaba and Tencent are coming down as Chinese companies rush to comply with Beijing's crackdown on alleged monopolistic practices.
30.11 / 19:47
Blockchain
Ethereum
Deloitte
Bitcoin
week
Top 3 Cryptocurrencies to Watch This Week - Cardano, Avalanche and HUH Token
Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
26.11 / 21:27
UPS
Digital
Bitcoin
boost
e-CNY
digital asset exchange
China considers setting up digital asset exchange to boost e-CNY adoption
A state-backed digital asset exchange might soon crop up in China. However, cryptocurrencies might not be able to find a spot there. In a bid to promote the usage of the digital yuan, the center might be pursuing goals to create a digital asset exchange in Beijing.
26.11 / 16:09
CBDC
exchanges
Central Bank
Chinese Central Gov’t Wants to Create ‘Digital Asset Exchanges’ as CBDC Nears
China’s policy-forming State Council has announced that it wants the nation to launch Beijing-based digital asset exchanges to power the adoption of its forthcoming central bank digital currency (CBDC) project, the digital yuan.
26.11 / 06:15
UPS
Action
Morningstar
China's real estate uncertainties persist, fueling market anxiety
BEIJING — Wild swings in Chinese real estate stocks and bonds are keeping investors on edge — these news headlines could cause troubles in the sector to spill into the rest of the economy, says S&P Global Ratings.
25.11 / 07:29
UPS
Morningstar
Restructuring Plan
Shares of Chinese real estate developer Kaisa pop 20% after debt restructuring plan
BEIJING — Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating concerns about a default as China's property sector continues to face pressure.
25.11 / 05:47
COST
UPS
Citi
Baidu
Baidu kicks off its robotaxi business, after getting the OK to charge fees in Beijing
BEIJING — Baidu can start collecting robotaxi fares in a part of Beijing from Thursday, the Chinese tech giant told CNBC this week, marking a major step toward building its driverless taxi business.
22.11 / 11:49
Target
Strategy
China sets stage for easier monetary policy as central bank deletes language from new report
BEIJING — China's central bank removed several phrases on policy restraint in a quarterly report, a move economists said may be a sign that stimulus is on its way.
21.11 / 12:15
Bitcoin
China downgrades relations with Lithuania over Taiwan 'embassy' spat
China reduced the level of its diplomatic relations with Lithuania to below ambassador level Sunday in retaliation for the Baltic nation allowing Taiwan, the island democracy claimed by Beijing as part of its territory, to open a representative office.
18.11 / 15:21
UPS
Maxim
Evergrande default is highly likely, S&P says
BEIJING — Highly indebted property developer China Evergrande will likely default because the company has essentially lost its main business, S&P Global Ratings analysts said in a report Thursday.
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