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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  • 01/23/2015 World Snow Day Celebrations for Children across China Promotes Beijing 2022 Bid...Read More
  • 01/23/2015 Winter Fishing Festival On Now in Shenyang, Northeast China...Read More
  • 01/16/2015 “Beautiful China 2015 – Year of Silk Road Tourism” Launches...Read More
  • 01/16/2015 Chengdu to Get Second Airport...Read More
  • 01/16/2015 New Chinese Hotel Ratings Website Launches...Read More
  • 01/16/2015 Government Plans Additional Coal Mine Closures...Read More
  • 01/16/2015 Beijing renews effort to reduce PM2.5, other airborne pollutants...Read More
  • 01/09/2015 Air China Accepts Several New Boeing Aircraft Deliveries...Read More