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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


  • 11/22/2016 Xi Jinping Writes Congratulatory Message to the Closing Ceremony of China-U.S. Tourism Year 2016...Read More
  • 11/22/2016 Wang Yang Attends and Addresses the Closing Ceremony of China-U.S. Tourism Year 2016...Read More
  • 11/21/2016 “Beautiful China” Shines at the NBA Court...Read More
  • 11/21/2016 China-U.S. Tourism Year 2016 Ends...Read More
  • 11/14/2016 China Tourism Generated More than 25% of Global Tourism Jobs in 2015...Read More
  • 11/14/2016 Faster Entry for Foreign Visitors to Shanghai...Read More
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  • 11/07/2016 China to Become World’s Largest Aviation Market by 2024...Read More
  • 11/07/2016 American Airlines Awarded New LAX-Beijing Route...Read More
  • 11/07/2016 Shangri-La’s Newest Hotel in China to Open Next Month in Harbin...Read More
China in the News Archives