How to Change Money in China?

It's generally less problematic to wait until arrival and using your debit or credit card in a local cash machine, which can be found everywhere in most towns. In recent years the official exchange rates have been close to market value, so official exchange rates can provide amounts similar to, or better than, unofficial ones. The airports in Beijing and Shanghai have cash machines which accept most international debit/credit cards.

1. 1
   Know that there is no legal private money-changing in mainland China. Nationwide outlets offer the same rates on a daily basis. You can exchange currency at the airport when you arrive, at larger branches of the Bank of China, at a bank desk in your hotel, or at major department stores.
2. 2
   Understand that if you have trouble because the ATM requires a 6 digit PIN and you only have 4 digits, try 2 leading zeroes (although this may not be necessary - try your actual PIN first)! Also, when venturing into more remote regions it is advisable to carry sufficient cash, as ATMs with international network access may not be available.
3. 3
   Exchange US currency for RMB can be much simpler, but expect the bills to be heavily scrutinized before the exchange is processed. Opportunities to buy RMB before entering China, for example when coming overland from Hong Kong or Vietnam, should be taken, as the rates are better. The same is true going the other way - selling just across the border will often net a more favourable rate
4.