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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


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  • 04/28/2016 New Giant Pandas in Shanghai Zoo...Read More
  • 04/28/2016 Historic Majestic Theatre Re-opens in Shanghai...Read More
  • 04/28/2016 Silk Road-themed Relics Exhibition Opens in Central China...Read More
  • 04/19/2016 CNTA Debuts Promo Video for the First World Conference on Tourism for Development...Read More
  • 04/19/2016 CNTO and Partners Sponsor LA Times Festival of Books...Read More
  • 04/19/2016 CNTA and Visa Sign 2016 China-U.S. Tourism Year Promotion Cooperation Plan...Read More
  • 04/19/2016 Jinshanling Section of the Great Wall Welcomes 1,000 American Tourists...Read More
China in the News Archives