Shenzhen offers 50,000 digital-yuan red packets for a retail trial

Shenzhen offered 50,000 residents digital red packets worth 200 yuan each as part of its central-bank digital-currency trials. Almost two million people applied, and winners were told to download the official digital-renminbi app and spend at 3,800 designated outlets within the trial week. Officials presented the giveaway as help for the post-pandemic economy. The limited promotion demonstrates conditions on trial funds, not a requirement to use digital yuan for all purchases.