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

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  • 09/12/2014 Tourism Summit in Beijing Focuses on Cultural Exchanges...Read More
  • 09/12/2014 Nanchang-Changsha High-Speed Railway Opens this Month...Read More
  • 09/12/2014 Comprehensive Collection of Confucius Relics on Display at Beijing Temple...Read More
  • 09/07/2014 China Establishes Fund to Protect Great Wall...Read More
  • 09/07/2014 World’s Largest Duty-Free Shop Opens in China’s Sanya...Read More
  • 09/07/2014 Hilton Announces “China Golden Week” Promotion...Read More
  • 08/31/2014 China Plans to Expand Visa-Free Policy...Read More