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More Chinese cities will give away <a href="https://cryptonews.com/news/china-firms-can-now-make-digital-yuan-housing-fund-payments.htm">digital yuan</a> tokens and discount vouchers this month, as the People’s Bank of China (PBoC) looks to spur CBDC adoption. 
<a href="https://finance.hebnews.cn/2023-12/07/content_9109393.htm" target="_blank" rel="noopener">The Hebei News Network</a> reported that the PBoC’s Hebei branch and local government authorities in the province will give out up to $2.8 million worth of coins and vouchers this month. 
Recipients can spend their coins and vouchers at “more than 50,000 participating merchants,” with a “two-phase giveaway” planned. 
Residents must open or hold digital yuan wallets with commercial banks or the Alipay e-pay platform to register their interest. Entrants will have four separate chances to win. 
Winners will receive their coins in “lucky” red digital envelopes, and can receive up to $28 in each envelope. 
In China, red is considered a luck-bestowing color. Chinese tradition dictates senior family members and firms must give money to children and employees in red envelopes at the year’s end, ahead of the Lunar New Year. A customer uses the digital yuan to pay at a store in China’s Jiangsu Province. (Source: yangli20067/Weibo/Screenshot) 
<h2 id="chinese-cities-end-2023-with-digital-yuan-handouts">Chinese Cities End 2023 with Digital Yuan Handouts</h2> 
 Elsewhere, similar incentives are already underway in Suzhou, <a href="https://www.sohu.com/a/741995031_115865" target="_blank" rel="noopener">the Beijing Business Daily</a> reported, where banks are focusing on e-CNY discount vouchers. 
These vouchers allow citizens to enjoy discounts of up to 80% when paying with the CBDC in local stores. 
The news outlet explained that the city issued vouchers worth some $620,000 on December 6. 
The city gave out different types of vouchers, offering a maximum of $28 off purchases of goods and services costing $70 or more. 
 More Hong Kong Banks Set to Join Digital Yuan Pilot, Gov’t Confirms 
Hong Kong’s government says more banks based there are preparing to join Mainland China’s digital yuan pilot.<a href="https://twitter.com/hashtag/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw">#CryptoNews</a> <a href="https://twitter.com/hashtag/China?src=hash&amp;ref_src=twsrc%5Etfw">#China</a><a href="https://t.co/fJzV6YECl7">https://t.co/fJzV6YECl7</a> 
— Cryptonews.com (@cryptonews) <a href="https://twitter.com/cryptonews/status/1730522746835062888?ref_src=twsrc%5Etfw">December 1, 2023</a> 
The city issued a total of 68,200 vouchers in total, in conjunction with the commercial bank China Construction Bank. 
The same media outlet additionally noted that more e-CNY giveaway events are also being held in Jinan. 
The Jinan Municipal Government is distributing digital CNY subsidies to low-emission vehicle owners this month. 
The Jinan event is being held in conjunction with Qilu Bank. Drivers can receive up to $704 worth of CBDC coins if they meet certain criteria. 
Previously. Shenzhen’s Yantian District told couples they <a href="https://cryptonews.com/news/chinese-newlyweds-to-scoop-digital-yuan-giveaways.htm">could receive e-CNY coins if they register their marriages in the district before the end of the year</a>.

Chinese Cities Launch End-of-Year Digital Yuan Giveaways

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