City Hangzhou Financial News

Indian women's cricket team captain Harmanpreet Kaur will only be able to play in the Asian Games if her team reaches the final of the mega event starting September 23 in Hangzhou. Four teams in both men's and women's events — India, Pakistan, Sri Lanka and Bangladesh — will be directly playing from the last eight stage, courtesy the ICC T20I ranking on June 1.

The Chinese city of Shaoxing is planning an Asian Games-themed digital yuan giveaway, as the nation prepares for a major central bank digital currency (CBDC) showcase.

India head coach Igor Stimac on Monday sought Prime Minister Narendra Modi's intervention for the national football team's participation at the upcoming Asian Games despite not meeting the selection criteria. The All India Football Federation (AIFF) had planned that Stimac would take an Under-23 side to the Asian Games in Hangzhou event, starting from September 23. However, since the Indian football team does not meet the Sports Ministry's criteria of being ranked among the top-8 sides, it is set to miss the continental event.

Dronavalli Harika, for the Asian Games scheduled to commence in Hangzhou on September 23. Vidit Gujrathi and young Arjun Erigaisi in men's and Humpy and Harika in women's section will compete in the individual categories. The men's team comprises Grandmasters D Gukesh, Gujrathi, Erigaisi, P Harikrishna and R Praggnanandhaa.

India will send a strong 10-member chess contingent, including double Asian Games gold medallist Koneru Humpy and bronze medallist Dronavalli Harika, for the continental games, scheduled to commence in Hangzhou on September 23. Vidit Gujrathi and young Arjun Erigaisi in men's and Humpy and Harika in women's section will compete in the individual categories. The men's team comprises Grandmasters D Gukesh, Gujrathi, Erigaisi, P Harikrishna and R Praggnanandhaa.

Hindustan Times quoted BCCI secretary Jay Shah as saying after the 19th Apex Council meeting. ALSO READ: India to send men and women cricket teams to Asian Games; choose from players not taking part in World Cup 2023 Earlier, the BCCI Apex Council approved on Friday that the IPL version of the much-talked about Impact Player Rule will be used in the Syed Mushtaq Ali T20 Trophy (SMAT) beginning 16 October. It us set to take place in Hangzhou, Chinna in September-October.

IPL version of the much talked about Impact Player Rule will be used in the Syed Mushtaq Ali T20 Trophy (SMAT) beginning October 16. The Impact Player was introduced in SMAT last season but it had to be brought in by or before the 14th over and had to be named before the toss. However, this will change from next season as like the IPL, teams will be allowed to name four substitutes besides the playing eleven before the toss. Out of the four substitutes, only one can be used as an Impact Player by either team. The rule was approved at the BCCI Apex Council meeting in Mumbai on Friday. «Both teams are allowed to use one Impact Player per match. It is, however, not compulsory,» read one of the guidelines on the rule. Impact Player was used widely by the 10 IPL teams but the introduction of it divided opinions. Australian captain Ricky Ponting and Delhi Capitals head coach had said that it almost negated the role of an all-rounder in the side. «It actually almost negates the role of allrounders in the game now. So unless they're absolutely world-class and they're getting picked either as a batsman or as a bowler, not sort of a bits and pieces guy, then I don't think you'll see many, many teams this year actually use the guy that might bat at seven and maybe bowling over or two. Because you don't need those guys anymore,» Ponting had said.

Over 300,000 stores and vendors in Changsha, China, now accept digital yuan payment – as the central bank digital currency continues to break new ground in the country.

The central People’s Bank of China (PBoC)’s digital yuan is set to expand into the world of wealth management – and has also broken new ground in the field of education.

More Chinese cities will be added to the nation’s digital yuan pilot – with a rollout edging closer to reality.

Though a court in China ruled against the claims made by a non-fungible token (NFT) buyer, it found that these tokens are virtual property protected by law.

Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s central bank digital currency — the digital yuan (e-CNY). 

Some Chinese citizens now appear to be paying their taxes in the digital yuan, with the pilot gathering pace in the nation’s fast-growing pilot area.