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Money in China

The legal tender of the People’s Republic of China, issued by the People’s Bank of China, is the Renminbi.
* Short official name: CNY (China Yuan)
* Abbreviation: RMB
* Chinese: Ren Min Bi (人民币)
* Symbol: ¥
* Monetary unit: Yuan (元)
* Fractional units: Jiao (角) and Fen (分)
* 1Yuan = 10 Jiao = 100 Fen

The currency used in Hong Kong, Macau and Taiwan is different
* Hong Kong: Hong Kong Dollar. Abbreviation: HKD$
* Macau: Pataca. Abbreviation: MOP$
* Taiwan: New Taiwan Dollar. Abbreviation: NT$

Use RMB in Hong Kong and Macao
The 100 Yuan is widely accepted in Hong Kong, however smaller dominations such as the 10 Yuan and 20 Yuan are not so popular. Usually, you pay them in RMB; merchants will give you change in Hong Kong Dollar. Note that the exchange rate is not as good as on mainland.

Visa, Master Card, American Express, Dinerís Club, Federal Card, Million Card, and JCB credit cards are accepted at most hotels and state run shops in major cities. Travelers should be prepared to pay in Yuan when shopping in smaller shops, at restaurants, and in smaller hotels.

News


  • 02/01/2016 Fun Winter Activities in China...Read More
  • 02/01/2016 With Expansion of International Tourism, China Leads Outbound Growth...Read More
  • 02/01/2016 Beijing to Protect and Renovate Last Hutong...Read More
  • 02/01/2016 Hainan Airlines Launches Changsha-Los Angeles Route...Read More
  • 01/21/2016 1,000 Americans Visiting the Great Wall on March 25...Read More
  • 01/21/2016 Hangzhou & Guizhou named to NY Times 52 Places to Go in 2016...Read More
  • 01/20/2016 China Extends Overseas Tourist Tax Refund Program to Six More Destinations...Read More
  • 01/12/2016 Hilton Worldwide Opens First Hotel In Hunan...Read More
  • 01/12/2016 Air China to Buy Six Boeing Aircraft...Read More
  • 01/11/2016 Shanghai Airport Building World’s Largest Terminals...Read More
China in the News Archives