We investigate the effects of CP violation in nonleptonic decays of neutral B mesons (Bd, Bs) in the Kobayashi-Maskawa model through the quark exchange diagram in terms of the Wolfenstein matrix. In our calculation, we use the new data of mixing parameter xd= 0.70±0.13 which is derived from ARGUS and CLEO measurements and the new data on the branching ratio for Bd meson. We obtain the results that CP violating asymmetries for Bd→D+D−, π+π− and K+K− reach about 50% and the number of [Formula: see text] quark pairs needed to detect the asymmetry is O(106~107) at 3σ level, and the asymmetries for [Formula: see text], D−π+, D0π0 and D+π− reach the order of 20% and the number of [Formula: see text] pairs is O(108). Therefore, we may conclude that the CP violation for these decay modes is possibly observable at the present stage. The effects of fourth generation quarks on CP violation are also studied.