Financial community is composed of major state banks, foreign banks, domestic credit cooperatives, trust investment companies and insurance companies. Their services are considerate and all banks have Credit card: the use of credit card is prevalent. Credit Cards can be used at hotels, touring and shopping places. However, you should check in advance     the type and use limits of the credit card you hold. Most international credit cards can also be used. However, before payment, you should also inquire whether the store or hotel accepts your credit card. International credit cards commonly used in China with good reputation include Mastercard, AE, and Visa card.

The Bank of China issues RMB bills in denominations of 1, 2, 5, 10, 20, 50 and 100 yuan. Counterfeit notes are a problem in China. Very few Chinese will accept a ¥ 50. 00 or ¥ 100. 00 note without first checking to see whether or not it' s a fake. Notes that are old, dilapidated or torn are also sometimes hard to spend. You can exchange notes for new ones at the Bank of China- counterfeits, however, will be confiscated. Local Chinese have a variety of methods for checking notes, including checking the watermark, the drawn lines (more distinct in fake notes) and color. The texture of a fake note also tends to be smoother than authentic notes. Examine large denomination notes when given to you as change by street vendors; they could well be dumping a forged banknote on you. Coins come in denominations of one yuan, five jiao, one jiao and five fen. Paper versions of the coins remain in circulation.