Trials of China's central bank digital currency continue, with ATMs now starting to be used in Shenzhen.
The latest digital currency giveaway is aimed to gauge user experience ahead of an expected launch.
"We are not like libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China.
Didi, Meituan and Bilibili are reportedly taking part in the latest test of the digital yuan, allowing lottery winners to spend the digital currency online.
PBOC’s Digital Currency Institute and the HKMA are discussing the technical pilot testing of using e-CNY form making cross-border payments.
Chinese e-commerce firm JD.Com says it's become the first online platform to accept the nation's central bank digital currency.
A lottery in Suzhou will additionally trial the offline feature of the digital yuan, per a Monday report.
The discussion of China's digital yuan at a regional-level conference indicates the pilot is being included in state-level planning.
The governor of the People's Bank of China praised recent tests of the digital yuan at the Hong Kong Fintech Week conference on Monday.
The upcoming Mate 40 line of devices will feature a built-in hardware wallet for China's central bank digital currency.
A cross-boundary digital yuan could bring Hong Kong closer to China, Hui said.
A recent giveaway of China's in-testing central bank digital currency has reportedly left recipients wondering why they should change from existing solutions like Alipay.
Around 50,000 digital "red envelopes," reminiscent of the traditional gifts doled out in China for special occasions and each containing 200 digital yuan ($29.60), were handed out Monday.
Chen Yulu, deputy governor of the People's Bank of China, said over the weekend the digital yuan project should be accelerated as an important part of the nation's financial infrastructure.
A local report suggests the pilot is an indication the digital yuan is close to being launched.