Zhang Shi (張寔), Zhang Duke of Xiping and governor of Liang Province, (涼州)is assassinated by Yan She (閻涉) and Zhao Ang (趙卬) and replaced by Zhang Mao (張茂), commonly accepted first ruler of the Chinese state Former Liang.
March 7 - Constantine I signs legislation directing urban residents to refrain from work, and businesses to be closed, on the "venerable day of the Sun". An exception is made for agriculture.
Constantine I assigns convicts to grind Rome's flour, in a move to hold back the rising price of food in an empire whose population has shrunk as a result of plague.
June– The earliest known use of the Greek word monachós to refer to a monk is made in a petition filed in Egypt by a man named Aurelius Isidorus, a man from the town of Karanis in Egypt.
July–Battle of the Hellespont: Flavius Julius Crispus, the designated heir of his father Constantine, destroys the naval fleet of Licinius in the Dardanelles, allowing Constantine to cross over the Bosphorus into Asian provinces. Byzantium is besieged and Licinius assembles a second military force, under his newly elevated co-emperor Martinian at Lampsacus (modern-day Lapseki).
December 19– Licinius abdicates his position as Emperor. He is pardoned by Constantine I as a result of the supplication of his wife Constantia (who is Constantine's halfsister), and banished to Thessalonica as a private citizen.
(Date unknown) The Roman Emperor Constantine I seizes the Byzantine Empire's capital, Byzantium, and commences work on rebuilding the city as the Eastern Empire's capital, which he will inaugurate as Constantinople in 330.
Constantine reorganises the Roman army in smaller units classified into three grades: palatini, (imperial escort armies); comitatenses, (forces based in frontier provinces) and limitanei (auxilia border troops).
China
August 9– (guiyou day of the 7th month of the 2nd year of the Tai'ning era) In Jin dynasty China, the rebel warlord Wang Dun succumbs to illness as the armies of the Emperor Ming of Jin are approaching his camp.
Emperor Constantine the Great travels to Rome to celebrate the 20th anniversary of his accession to power, but while en route at Pola he orders his older son, Crispus Caesar, to be executed, possibly on charges of adultery. Later, Fausta, second wife of Constantine I, is also executed by being suffocated or boiled in a hot bath.