<![CDATA[<figure class="image"><img alt="The Hangzhou Olympic Sports Center Stadium in Hangzhou, China." src="https://cimg.co/news/123758/327127/hangzhouol1.jpg" srcset="https://cimg.co/news/123758/327127/responsive-images/hangzhouol1___media_library_original_2560_1439.jpg 2560w, https://cimg.co/news/123758/327127/responsive-images/hangzhouol1___media_library_original_1200_675.jpg 1200w, https://cimg.co/news/123758/327127/responsive-images/hangzhouol1___media_library_original_900_506.jpg 900w, https://cimg.co/news/123758/327127/responsive-images/hangzhouol1___media_library_original_720_405.jpg 720w, https://cimg.co/news/123758/327127/responsive-images/hangzhouol1___media_library_original_600_337.jpg 600w, https://cimg.co/news/123758/327127/responsive-images/hangzhouol1___media_library_original_300_169.jpg 300w" width="2560" class="content-img"><figcaption>Source: Charlie Fong (<a href="https://creativecommons.org/licenses/by-sa/4.0/deed.en">CC BY-SA 4.0</a>)</figcaption></figure><a href="https://cryptonews.com/tags/china">China</a> is readying a fresh <a href="https://cryptonews.com/tags/https://cryptonews.com/tags/digital-yuan/">digital yuan</a> adoption push ahead of next month&rsquo;s Asian Games, with the nation ready to show off its <a href="https://cryptonews.com/tags/CBDC">CBDC</a> to a large international audience for the first time.Citizens in the pilot zones will be able to buy tickets for the event using the central bank&rsquo;s official CBDC app &ndash; a first for a major sporting event in China.The games will be held in Hangzhou, Zhejiang Province, from September 23 to October 8.Beijing has earmarked the event, the first large-scale international sporting event to be held in the nation since COVID-19 pandemic containment measures were lifted, as <a href="https://cryptonews.com/news/shaoxing-china-launches-asian-games-themed-digital-yuan-giveaway-cbdc-showcase-planned.htm">a key moment for its coin</a>.Per <a href="https://www.cebnet.com.cn/20230828/102904015.html" rel="nofollow">Cebnet</a>, state-run commercial banks and e-commerce platforms will likely play a leading role in showcasing the token to international visitors.The media outlet quoted a spokesperson from the e-commerce giant Meituan as stating that the use of the digital yuan in &ldquo;large-scale international sports events&rdquo; would help to showcase the development of the Chinese digital economy and inclusive finance &ldquo;to the outside world.&rdquo;The tourism sector, banks and retailers commented, will provide a &ldquo;very good opportunity&rdquo; for the further adoption of the CBDC.They think the fresh challenges of the tourism industry could help the &ldquo;further improve the functionality&rdquo; of the token.Banks and retailers <a href="https://cryptonews.com/news/china-showcase-digital-yuan-at-summer-world-university-games.htm">promoted the coin at the recently-concluded Chengdu World University Games</a>.It is likely they viewed the event as something of a dry-run for Hangzhou.Banks issued manuals and instruction guides for using digital yuan hard wallets in Chinese, English, French, and Spanish at the Chengdu games.Merchants in the athletes&rsquo; village also upgraded their POS machines to accept CBDC payments.<figure class="media"><oembed url="https://twitter.com/CGTNOfficial/status/1696372099219087466"></oembed></figure><h2 id="asia-games-chinese-cbdc-in-the-spotlight">Asia Games: Chinese CBDC in the Spotlight?</h2>The central People&rsquo;s Bank of China&rsquo;s official CBDC app, per <a href="https://mbd.baidu.com/newspage/data/landingsuper?id=1771591075361507477">an official Baidu post</a>, will be updated to allow visitors to the games to &ldquo;buy tickets and pay for transport.&rdquo;Visitors will also be able to use the app to check on event information and access &ldquo;other services.&rdquo;According to Eastnet, via the <a href="http://caijing.chinadaily.com.cn/a/202308/24/WS64e6e393a3109d7585e4a925.html" rel="nofollow">China Daily</a>, the Industrial and Commercial Bank of China (ICBC) this week held a special event at one of the new high-speed railway link hubs built for the games.Rail networks in and around Hangzhou have <a href="https://cryptonews.com/news/more-china-cbdc-public-transport-options-unveiled-digital-yuan-readies-asian-games-debut.htm">already been updated to accept CBDC payments</a>, as have metro networks in host cities.The bank said it had released commemorative &ldquo;Asian Games-themed digital yuan hardware wallets.&rdquo;These wallets could, theoretically, be used by non-Chinese nationals, or Chinese spectators from outside the pilot zone.Indeed, Hong Kong visitors to the mainland have been encouraged to <a href="https://cryptonews.com/news/digital-yuan-spurs-rise-in-mainland-china-hong-kong-cross-border-payments.htm">make use of the digital yuan to pay public transport fees</a>.Similar efforts will likely be made during the games next month.<figure class="image"><img src="https://cimg.co/news/123758/327128/z11.jpg" alt="Staff work on computer terminals at the Hangzhou Asian Games Main Operations Centre during a pre-Asian Games drill." srcset="" width="" class="content-img"><figcaption>The Hangzhou Asian Games Main Operations Center at work during a pre-games drill. (Source: <a href="https://twitter.com/19thAGofficial">19th Asian Games Hangzhou 2022</a>)</figcaption></figure>And per the <a href="http://cs.zjol.com.cn/kzl/202308/t20230824_26133720.shtml" rel="nofollow">Zhejiang Daily</a>, the ICBC has also been active with its digital yuan promotion activities in Wenzhou, a nearby city that will host Asian Games events such as dragon boat racing.<figure class="media"><oembed url="https://twitter.com/InZhejiang/status/1641327202162581504"></oembed></figure>The ICBC&rsquo;s branch in the city said that it had been working on new usage &ldquo;scenarios&rdquo; for the digital fiat in the city and had &ldquo;upgraded and transformed bank outlets in the region.&rdquo;Earlier this week, the bank announced that it would <a href="https://cryptonews.com/news/chinas-jd-icbc-launch-digital-yuan-supply-chain-financing-solution.htm">co-launch a CBDC-powered supply chain financing solution</a>.
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China Set for Digital Yuan Adoption Drive Ahead of Asian Games

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