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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


  • 08/01/2017 Air China Teams with Ritz‐Carlton for New First-Class Menu...Read More
  • 06/29/2017 Improved Beijing‐Shanghai Bullet Train Introduced...Read More
  • 06/29/2017 Xiamen Airlines Begins Los Angeles ‐ Xiamen Flights...Read More
  • 06/19/2017 PBS to Premiere Series Exploring "The Story of China"...Read More
  • 06/15/2017 Silk Road International Tourism Festival returns to Gansu...Read More
  • 05/31/2017 Nine Must-Visit Places in Tianjin...Read More
  • 05/31/2017 Conde Nast Traveler: Historic Site Installs “Pedestrian Speed Bumps”...Read More
  • 05/31/2017 Tibet Helicopter Tours Coming in August...Read More
  • 05/31/2017 Emperor Qianlong’s Favorite Reading Place Getting A Facelift...Read More
  • 05/30/2017 Associated Press Features Story of Climbing Up Sacred Mount Tai...Read More
China in the News Archives