•  PopupDesign_2013

    Did you know 31% of the travelers make destination research and selection 3-5 months before their vacation

    Access the CNTO Tourism Research Reports

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


  • 12/30/2016 China’s major east-west high-speed railway starts operation...Read More
  • 12/28/2016 China tourism revenue to reach 1 trillion USD in 2020...Read More
  • 12/27/2016 China to increase tourism investment by 20 pct per year...Read More
  • 12/20/2016 China-U.S. Tourism Year 2016 Photo Exhibition in Queens Library, New York...Read More
  • 12/20/2016 CNTO showcased Chinese cuisine culture at USTOA Annual Conference...Read More
  • 12/13/2016 Beijing Launches Traditional Chinese Medicine Tours for Foreign Audiences...Read More
  • 12/13/2016 China to Become Asia Pacific’s Largest Cruise Tourism Market...Read More
  • 12/13/2016 China Southern Orders $3.2 Billion Planes from Boeing...Read More
  • 12/13/2016 Hainan Airlines Begins Beijing-Las Vegas Flight...Read More
  • 12/06/2016 Enshi Grand Canyon Opens World’s Longest Sightseeing Escalator...Read More
China in the News Archives