1990 Asian Games
The Directorate General of Telecoms were involved in the organisation hence them being on the token, they were subsequently abolished in 1998.
There were quite a few variation done as souvenirs
e.g. this one with the same “official” panda mascot
This one obviously not your coin but does show the same panda
1990 XI Asian Games Commemorative Medal - Beijing China Coin - Free Shipping | eBay UK
There are a couple on this forums catalogue
Medal - XI Asian Games (Soccer; Beijing) - People's Republic of China – Numista
Medal: XI Asian Games (Football) - People's Republic of China – Numista
Medal - XI Asian Games (Beijing) - People's Republic of China – Numista
This link shows some of the other designs that were made …. 1990 China 11th Asian Games 16 diff Pandas Medal Set Beijing gold plated 33mm | eBay
Only reason I found out that information was because when I acquired an item and had to research it all sorts of stuff appeared and I kept links for future reading and in case I acquired anything else from there. My item was from 2022 Beijing Olympics Medallion - 2022 Winter Olympic Games (Beijing) - People's Republic of China – Numista