Chinese Currency

The Chinese currency is called renminbi (people's currency) and is often abbreviated to RMB. The basic unit is Yuan. Ten Jiao make one Yuan; ten Fen make one Jiao. Thus 100 Fen make one Yuan.
Hongkong's currency is the Hongkong dollar and Macau's is the Pataca. Both currencies are worth 7% more than Renminbi.

A money belt or pocket sewn inside your clothes is the safest way to carry money. Velcro tabs sewn to seal your pockets shut will also help thwart roving hands. Keeping all your eggs in one basket is not advised - guard against possible loss by leaving a small stash of money (say US$100) in your hotel room or buried in your backpack, with record of the travellers cheque serial numbers and your passport numbers.

Stock up some ￡¤10 bills in case of the vendors and taxi drivers cannot make change for big note.
Counterfeit bills are a problem in China. Very few Chinese will accept a ￡¤50 or ￡¤100 bill without first checking to see whether or not it is a fake. Notes that are old and tattered are also sometimes hard to spend. If you are having problems with a note, exchange it for a new one or small change at the Bank of China -counterfeits, however, will be confiscated.

Besides the advantage of safety, travellers cheques are useful to carry in China because the exchange rate is actually more favourable than what you get for cash. Cheques from most of the world's leading banks and issuing agencies are now acceptable in China - stick to the major companies such as Thomas Cook, American Express and Citibank and you'll be OK. However it is only acceptable in the bank instead of shopping centers.