Currency Exchange & Bank

 

Chinese currency: RMB (including yuan, jiao, fen)
 

Face value of paper currency: 1 yuan, 2 yuan, 5 yuan, 10 yuan, 20 yuan, 50 yuan, 100 yuan

Face value of coin: 1fen, 2fen, 1 jiao, 5 jiao, 1 yuan

Banking hours: Monday to Friday (9:00 am to 5:00 pm)

                        Saturday to Sunday (9:00 am to 4:30 pm)

PS: most banks offer foreign currency exchange services on Saturday and Sunday, but some banks don’t handle foreign currency exchange business on Saturday and Sunday.

 

Visitors can exchange currency at most banks but special currencies have to be exchanged at the Bank of China. Bank of China is one of China’s four state-owned commercial banks. It is widely recognized and commended by its peers and customers in international settlement, foreign exchange, trade finance, etc. the Bank served as the central bank, international exchange bank and specialized foreign trade bank successively.
 
At the Bank of China, visitors can exchange 13 foreign currencies of Euro, Pound Sterling, U.S. Dollar, Swiss Franc, Singapore Dollar, Swedish Krona , Danish Krone, Norwegian Krone, Japanese Yen, Canadian Dollar, Australian Dollar, Philippine Peso and Thai Baht, and the currencies of Hong Kong Dollar, New Taiwan Dollar, and Macao Pataca.
 
Conversion Procedures
1. The client should hold passport (foreign nationals or Chinese citizens with passports),
2. Filling in the exchange memo.
3. Banks can handle the exchange between RMB and foreign currencies at current quotations on the day.
4. It is free to the business of exchange currencies, the fees consist in the transaction value.
 
Processing Time
Foreign currency exchange time: 9:00——16:30, without rest on Saturday and Sunday