A new four-year Olympic cycle kicked off as the Olympic flag was handed to Beijing Mayor Chen Jining at the closing ceremony of the 2018 Pyeongchang Winter Olympics on Sunday.

To mark the special moment of the flag handover, several officially licensed products were released by the Beijing Organizing Committee for the 2022 Olympics on Sunday, which include badges, stamp folders, shopping bags and noble metal medals.

The production runs of most of the Olympic flag handover memorabilia are limited to 2,022 units, to ensure their rarity and collectible value.

So far, an official online store and 17 official retail stores for the Beijing Winter Games have opened nationwide. And more than 140 items in six categories, including badges, costumes, stationery, ceramics, stamps and noble metal products, have been approved by the committee as licensed merchandise for the 2022 Beijing Winter Games .