What Currency Does China Use?

What Currency Does China Use? (UK Traveller’s Guide)

If you’re planning a trip to China from the UK—whether for business, tourism, or study—it’s important to understand the currency in use. China operates under a unique financial system, and using the correct currency is essential for transactions, budgeting, and avoiding confusion. This guide explains what currency China uses, how it works, and what UK travellers need to know before spending abroad.

What Is the Official Currency of China?

China’s official currency is the renminbi (RMB), with the yuan (CNY) being its main unit of account.

• Currency name: Renminbi

• Unit: Yuan

• ISO code: CNY (also referred to as RMB)

• Symbol: ¥

• Subunit: 1 yuan = 10 jiao = 100 fen

In practice, the terms "renminbi" and "yuan" are often used interchangeably. "Yuan" refers to the actual unit of currency (like pounds), while "renminbi" translates to “people’s currency.”

Is There More Than One Currency in China?

No. The yuan (CNY) is the only official currency used across mainland China. However, Hong Kong and Macau have their own distinct currencies:

• Hong Kong dollar (HKD)

• Macanese pataca (MOP)

These are not accepted in mainland China, and CNY is not accepted in Hong Kong or Macau.

How Currency Works in Practice in China

• Prices are displayed in yuan (CNY or ¥) throughout mainland China

• Major cities operate almost entirely on digital payments, especially WeChat Pay and Alipay

• Foreign cards are rarely accepted, even in large retail chains or airports

• Cash (CNY) is still used in rural areas or for small purchases

• ATMs are available in cities, but not all accept international cards

Tips for UK Travellers

1. Bring a Travel Card—but Don't Rely on It Alone
Many UK debit or credit cards won’t work at Chinese point-of-sale terminals. A travel prepaid card (like Wise) might work for ATM withdrawals, but not always for payments.

2. Prepare to Use Mobile Payment Apps
In 2023, WeChat Pay and Alipay opened up to foreigners. You can:

• Download either app before you travel

• Link it to an international card (Visa or Mastercard)

• Use it for transport, food, shopping and more

3. Exchange Cash Before You Go or at Chinese Banks
Most UK banks don’t stock yuan, so you may need to order in advance or exchange cash at a Chinese Bank of China branch upon arrival. Avoid airport kiosks due to poor rates.

4. Always Pay in CNY
Dynamic currency conversion is not common in China, but where available, always choose local currency (CNY) to avoid inflated rates.

FAQs

Is the Chinese yuan the same as renminbi?
Yes. "Renminbi" is the official name of the currency, and "yuan" is the unit of that currency—similar to “pound sterling” and “pound.”

Can I use pounds or euros in China?
No. Only the Chinese yuan (CNY) is accepted in mainland China.

Are cards accepted in China?
Not usually. Most payment is made via mobile wallets. Carry some cash or set up WeChat Pay/Alipay for convenience.