The “free lottery” in Shenzhen was already held in October last year. Then 50,000 residents of the city received 10 million digital yuan. It was reported that 88% of the funds received were spent to pay for goods and services. In December, a similar test was carried out in the city of Suzhou, and then almost all of the yuan received was spent.
Note that when testing the digital yuan in Shenzhen, operators disable some features. So, you cannot pay with a gift on online platforms, or make contactless payments without connecting to the network.
In early December, it was reported that the Hong Kong regulator was in talks with the People’s Bank of China to test the digital yuan for international payments.
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