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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


  • 04/16/2018 China to Open Border Tourism Pilot Zones in Inner Mongolia and Guangxi...Read More
  • 04/16/2018 Ministry of Culture and Tourism of China Inaugurated...Read More
  • 03/16/2018 Sichuan to Build a Panda National Park Three Times the Size of Yellowstone...Read More
  • 03/16/2018 China to Develop Integrated Tourism and Lower Ticket Prices...Read More
  • 10/09/2017 Beautiful China ‐‐ World Heritage Tourism Promotion Event in NYC...Read More
  • 08/28/2017 UNWTO General Assembly’s 22nd Session to Take Place in Chengdu...Read More
  • 08/28/2017 First General Assembly of the World Tourism Alliance to be Held in Chengdu...Read More
  • 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
China in the News Archives

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