Starting Sept. 7, Luohu district launched the Shenzhen-Hong Kong Cross-regional Consumption Festival, during which residents in Hong Kong and the Chinese mainland can acquire e-CNY coupons.

The festival marks the debut of the soft wallet application in Shenzhen and Hong Kong, as well as the updated e-CNY for cross-regional consumption.

Luohu is set to promote the e-CNY cross-regional payment innovations through a series of consumption activities. These efforts aim to boost Shenzhen-Hong Kong consumption and accelerate the two cities’ convergent development.