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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


  • 07/31/2015 China International Travel Mart 2015 Exhibitor Registration Open...Read More
  • 07/31/2015 Beijing International Youth Tourism Season Kicks Off for 2015...Read More
  • 07/31/2015 CNN Features Guilin’s Jingjiang Palace – China’s “Other ‘Forbidden City’”...Read More
  • 07/31/2015 China’s Government Committing to Better Tourism Development...Read More
  • 07/31/2015 Delta Plans to Purchase 3.55 Percent Stake of China Eastern Airlines...Read More
  • 07/27/2015 More Aid for Silk Road Tourism Development...Read More
  • 07/27/2015 Huffington Posts Touts “8 Secret Places in China That Tourists Haven’t Discovered Yet”...Read More
  • 07/27/2015 First Hyatt-Branded Hotel Opens in China’s Hubei Province...Read More
  • 07/27/2015 Princess Cruises Planning another Ship for China...Read More
  • 07/23/2015 Cliff-Face Elevator in China Breaks World Record...Read More
China in the News Archives