beijing

According to a report from the Beijing Daily client, the Market Supervision Administration of Haidian District, Beijing, investigated and handled the city's first illegal case of assisting pyramid schemes using blockchain and virtual currency technology, resulting in a technology company being fined and confiscated a total of over 930,000 yuan.The technology company involved is an outsourcing service provider for a certain public blockchain, offering support such as operations, market services, publicity and promotion, exchange docking, and maintenance. This public blockchain launched the "Atomic Plan" and "Hathaway Plan," which are centered around recruiting people for rebates, using the number of recruited individuals as the basis for rebates, and requiring participants to invest funds to obtain membership qualifications. Despite being aware of the pyramid scheme applications associated with this public blockchain, the involved company continued to provide technical operations, external publicity, and maintenance of virtual currency trading channels, facilitating the flow of funds and the spread of activities related to the pyramid scheme.Ultimately, the pyramid scheme activities of this public blockchain were investigated by public security authorities, the organizers were criminally detained, and the involved technology company was administratively punished with a total fine and confiscation of over 930,000 yuan for providing facilitative conditions.

According to the Digital Currency Research Society, on October 27, Beijing Bank released a public tender announcement for the procurement project of firewall equipment for digital currency business in 2026 through the official centralized procurement management system. Along with the previously announced procurement projects for IPS, encryption machines, WAF, SSL, signature devices, etc., the bank has officially launched a centralized upgrade of the full-chain security infrastructure for digital renminbi business, covering core security nodes such as intrusion defense, encrypted transmission, web application protection, and identity signing.In April of this year, Beijing Bank became a newly added operational institution for digital renminbi business and connected to the central bank's digital renminbi system. In August, the central bank added 8 more operational institutions, expanding the total to 30. Previously, several newly added operational institutions, such as Huishang Bank, Hangzhou Bank, and Guangxi Beibu Gulf Bank, had initiated tenders for core digital currency systems worth tens of millions. The report pointed out that Beijing Bank's inclusion of various security devices such as firewalls and encryption machines in centralized procurement is a proactive security layout to adapt to the new features of digital renminbi, such as high-concurrency transactions and programmable smart contracts.

According to the Ethereum Foundation's announcement on October 16, the Glamsterdam upgrade is scheduled to activate on October 26 at 17:42:48 (UTC), which is 01:42:48 on October 27 Beijing time, on the Hoodi testnet; at that time, the block Gas limit on Hoodi will also be increased to 200 million.This upgrade includes the embedded proposer and builder separation, block-level access lists, and Gas billing adjustments. The Sepolia testnet was activated on October 6, and the upgrade date for the Ethereum mainnet has not yet been determined. Node operators need to update the execution layer and consensus layer clients before the Hoodi activation.

Recently, the Beijing Shijingshan police successfully intercepted a new type of cross-border telecom fraud case, freezing 780,000 yuan in involved funds and returning it to the victims. In this case, 53-year-old Mr. Liu received a fraudulent call from abroad while accompanying his child studying overseas. The scammer impersonated domestic police, fabricated false allegations of money laundering, and induced him to urgently request money transfers from his family in China.The funds were subsequently transferred into the accounts of two other Chinese students studying abroad. Upon investigation, it was found that these three individuals were all victims of the same fraud gang, exhibiting characteristics of "multiple scams in one case, with victims serving as money laundering tools for each other." The scammers first transferred funds into the accounts of some victims, then coerced them into exchanging for U currency to assist in the transfer, which was highly concealed and involved complex cross-border links. The police successfully "awakened" the victims through patient persuasion, preventing greater losses.

On the afternoon of September 23, President Xi Jinping left Beijing on a special plane, at the invitation of U.S. President Donald Trump, for a state visit to the United States. Accompanying President Xi on the trip were his wife Peng Liyuan, Standing Committee member of the Political Bureau of the Central Committee Cai Qi, and member of the Political Bureau of the Central Committee Wang Yi, among others.

According to the Financial Times, Saudi Arabia has withdrawn from the digital currency project led by Beijing, which is part of China's efforts to develop an alternative cross-border payment system to the US dollar.The mBridge platform has sparked controversy in the United States, with concerns that participants may use it to bypass traditional dollar-dominated payment systems like Swift. The platform is set to be commercially launched, utilizing blockchain technology to enable central banks to directly transact using their respective digital currencies, reducing foreign exchange transaction times and costs, and diminishing the role of the dollar as an intermediary currency.

Tesla announced that the Cyber Autonomous Driving Vehicle Cybercab will be publicly showcased from September 17 to 27 in Beijing and Shanghai, with static displays at the Tesla Experience Store in Beijing Huamao and the North Hall on LG1 level of Shanghai Xinyetai Guohui.

The official account of Solana announced that the Solana Accelerate China four-city tour will be held from October 16 to 22 in Shanghai, Hangzhou, Shenzhen, and Beijing. The event is aimed at developers, entrepreneurs, and investors, featuring discussions and demonstrations, with the theme of exploring new trends in technology between China and abroad.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Counter-Strike: MIBR vs EYEBALLERS - IEM Beijing Global Qualifiers Playoffs," the "Map 1 Total Rounds: Over/Under 21.5" sub-market's "Over" option win rate has experienced a sharp fluctuation, plummeting from 75.5% an hour ago to the current 50% (a fluctuation of 25.5%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, in the market prediction on Polymarket for the event "Counter-Strike: Color vs B8 - IEM Beijing Global Qualifiers," the "Total Rounds on Map 3: Over/Under 21.5" sub-market's "Over" option win rate has experienced a dramatic fluctuation, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the event "Counter-Strike: BIG vs. Nemiga - IEM Beijing Global Qualifiers" on the prediction market Polymarket, the win probability for the sub-market "Match Winner" option "BIG" has experienced significant fluctuations, dropping from 85.5% an hour ago to the current 62.75% (a fluctuation of 22.75%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "Counter-Strike: MIBR vs Eternal Fire - IEM Beijing Global Qualifiers Playoffs," the "MIBR" option in the sub-market "Map 2 Winner" has experienced significant fluctuations in win rate, soaring from 64.5% an hour ago to the current 87% (a fluctuation of 22.5%). Please note the impact of relevant breaking news.

Kuaishou (01024.HK) announced that on August 31, 2026, Beijing Keling entered into joining agreements with the National Artificial Intelligence Fund and Charoen Pokphand Robotics.Accordingly, the National Artificial Intelligence Fund and Charoen Pokphand Robotics each agreed to become additional investors and parties to the capital increase agreement, injecting cash capital of RMB 1.4 billion and approximately USD 19.29 million (equivalent to approximately RMB 131.45 million) into Beijing Keling, respectively.

Apple will hold a product launch event at its Cupertino headquarters on September 9 at 10 AM Pacific Time, introducing the first foldable iPhone, which is about the size of a standard passport, with a screen size close to a small iPad when unfolded.Apple also plans to release the iPhone 18 Pro and Pro Max, featuring faster chips, improved battery life, and upgraded cameras.

According to Reuters, informed sources say that Changxin Storage is considering building a second 12-inch DRAM wafer fab in Beijing's Yizhuang and is negotiating financing with the Beijing Economic and Technological Development Zone and several state-owned technology companies. The company is seeking at least 60 million yuan (approximately 8.9 million USD) in support, but negotiations are still in the early stages, and the scale and structure of the financing may be adjusted.The proposed factory will be located at the site of Changxin Storage's existing DRAM wafer fab in Beijing. The planned production capacity and total investment for the project have not yet been determined, while building a fab capable of producing advanced DRAM typically requires over 10 billion USD. Currently, Changxin Storage operates two 12-inch DRAM wafer fabs in Hefei and one in Beijing, each with a monthly production capacity of about 100,000 wafers. Changxin Storage is also building new factories in Shanghai and Hefei, and once the related projects are fully operational, the company's monthly production capacity could double to over 600,000 wafers.This expansion comes as demand for storage chips is driven by AI infrastructure, data centers, and consumer electronics entering an upward cycle. The company completed an 8.6 billion USD IPO last month, marking the largest fundraising for a semiconductor company listed in mainland China, and its stock price has risen by 13% since going public. Changxin Storage is currently the fourth largest DRAM manufacturer in the world, but Samsung Electronics, SK Hynix, and Micron together still account for nearly 90% of the global market share in the first quarter. Beijing and Shanghai are also providing funding and other support to Changxin Storage to gain economic and strategic benefits from its expansion.

Today, the main indices of A-shares collectively rose, with the Shanghai Composite Index up 0.50% to 4094.40 points, the Shenzhen Component Index up 2.48% to 16205.56 points, the ChiNext Index up 2.99% to 4342.71 points, and the STAR 50 Index up 3.85% to 2207.86 points. The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 3.29 trillion yuan, a decrease of 245.5 billion yuan compared to the previous trading day. Over 3000 stocks in the market rose, with 170 stocks hitting the daily limit.In terms of sectors, robotics, optical optoelectronics, semiconductors, and military electronics led the gains; while animal health, pharmaceutical commerce, coal, and banking sectors saw the largest declines.From the overall performance in the first half of the year, the main indices of A-shares all rose. Among them, the Shanghai Composite Index accumulated a rise of over 3%, the Shenzhen Component Index accumulated a rise of nearly 20%, the ChiNext Index accumulated a rise of over 35%, and the STAR 50 Index accumulated a rise of over 64%.

Upward Fusion (formerly Tiger Brokers) announced that on May 22, 2026, some of the company's subsidiaries received a notice from the Beijing Regulatory Bureau of the China Securities Regulatory Commission (CSRC), indicating that the CSRC Beijing Regulatory Bureau has launched an investigation into their suspected illegal activities related to securities, funds, and futures business. It was found that these subsidiaries engaged in unlicensed cross-border securities business and illegal activities related to funds and futures in mainland China.According to the investigation results, the CSRC Beijing Regulatory Bureau imposed a total administrative penalty of approximately 308.1 million yuan and confiscated illegal gains totaling approximately 103.1 million yuan. The company's director, CEO, and actual controller, Mr. Wu Tianhua, also received a warning and was fined 1.25 million yuan. As of the end of 2025, retail customer assets in mainland China accounted for approximately 10% of the company's total customer assets in the consolidated financial statements.

According to CCTV News, Russian President Putin arrived in Beijing on a special plane. At the invitation of President Xi Jinping, Russian President Putin is making a state visit to China from May 19 to 20.

According to Jinshi reports, at the invitation of President Xi Jinping, U.S. President Trump arrived in Beijing on the evening of May 13 on a special plane to begin a state visit to China.