1.You can convert your foreign currency into RMB at all banks, bank branches or hotels according to the exchange rate on that day. The State Foreign Exchange Administration sets the exchange rate daily. For your convenience, you can change money at the front desk of your hotel. You will fill in a currency exchange form, and at some hotels you will need to show your passport. After finishing a foreign currency conversion transaction, you will be given a receipt. With it, you may convert your surplus RMB back into foreign currency and take it out of China within a grace period of six months prior to departure from China. So when you exchange currency, we advise you to keep all your receipts.
2.The black market in foreign currency is forbidden in China, but sometimes you will meet people in front of hotels, at tourist spots, or banks who want to exchange money with you at black market rates, which are higher than the bank rate. This may be attractive, but you should be extremely careful because such transactions are not only illegal, but you also risk being cheated. Sometimes these people will not give you the correct amount in exchange if you don't count your money carefully or, even worse, they may give you counterfeit banknotes or just a bundle of plain paper with a few notes on the top.
3.For the convenience of travelers in China, the Bank of China cashes travelers’ checks sold by international commercial banks and travelers’ check companies in the United States, Canada, Australia, Hong Kong, Japan, Britain, France, Switzerland, Germany and other countries. You can also cash your travelers’ checks at your hotel. When doing this, you will need to show your passport. The service charge is 0.74% of the total amount exchanged.

 

● Necessary Travel documents checklist

● Packing list

● Baggage

● Meals

● Potable water

● Electricity

● Time Difference

● Money Matter

● Phone call in China

● Health Issues

● Shopping

● Gratuities/Tipping

● Travel Insurance

● Taxi