Opinions, knowledge and resources from China Checkup's expert contributors
If you're travelling to meet or dealing with a Chinese company it is worth bearing in mind that there are several different types of Chinese currency.
Depending on whether your business is in Mainland China, Hong Kong, Macau or Taiwan you could well need to be looking at 4 separate exchange rates.
Here we introduce each of the 4 Chinese currency currently in use in "Greater China" - the Renminbi, Hong Kong Dollar, Macau Pataca & New Taiwan Dollar.
In this article we use the term "Chinese Currency" to mean the currencies currently being used throughout the area of "Greater China".
If you're thinking "surely China only has one currency like every other country" then think again, it is a lot more complicated than that.
China (or more formally "The People's Republic of China") is a very large and politically complicated country which, under the "one country, two systems" principle, governs the special administrative regions of Hong Kong and Macau.
Meanwhile, the self-governing island of Taiwan (a.k.a. Republic of China) considers itself to be the real government of China - a viewpoint diametrically opposed by Beijing, which considers Taiwan to be a breakaway province.
As you can see, it is a very complicated picture, and that is where the phrase "Greater China" comes in handy - it allows us to talk about China, Hong Kong, Taiwan and Taiwan without getting political!
Different parts of "Greater China" follow different financial systems, business registration systems, laws and indeed, currencies.
Here are 4 currencies in daily use in the various parts of "Greater China" starting with the money used by the vast majority of people and companies, Mainland China's renminbi:
So now you know the four Chinese currencies, you might be wondering what they are worth?
Well, here are the live currency cross rates for each Chinese currency against the United States Dollar and the Euro:
Have you received a China ISO 45001 certificate and wondered what it is, if it is real and how to check it?
Replacing the previous standard OHSAS 18001 in 2018, this new international standard specifies the requirements for occupational health and safety.
The uptake of certification to this standard in China has been quick and many Chinese organizations are providing their clients with copies of their China ISO 45001 certificate. Learn more about it here.
Whether you are planning a trip to China, researching a specific location, or trying to figure out how bad the Beijing rush hour is, there are plenty of good reasons to use China map websites.
Although most international map websites cover China, these websites face various restrictions which mean they can't provide a service as in-depth as their Chinese counterparts, so it is a good idea to know your options.
In this article we introduce the 8 most useful China map websites, including both international services available in your language, and some impressive domestic websites only available in Chinese.
With the high cost of sending freight by air, and the slow speed of sea freight, Chinese exporters are increasingly utilizing China to Europe freight trains as a means of sending their produce west.
As might be expected, the majority of these trains depart from cities located far from China's coastline and her seaports, but which Chinese cities have the most rail shipments?
We took a look at the data and found that the top 5 cities for China to Europe freight trains are each provincial capitals with huge populations - with Chengdu in Sichuan province leading the way.
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Matt Slater
Author
Hi there, I'm Matt, the founder of China Checkup. Originally from the UK, I am now based in Brisbane, Australia.
Frustrated by the scarcity of concise, high-quality and timely information about Chinese companies, I setup China Checkup whilst living in Shanghai in 2013.
My team are proud that China Checkup's company verification reports have now helped thousands of clients from all corners of the world to do business in China more safely.