Money
Cash is still the primary method of payment in Shanghai, although debit cards issued by domestic banks are accepted in most of the larger retailers and restaurants. All high-end hotels,...
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Local Currency
Taking its name from the People’s Bank of China (
Zhongguo Renmin Yinhang), Chinese currency is known as renminbi or ‘people’s money’. The basic unit of renminbi is the yuan... read more
Banks
There are numerous branches of Chinese domestic banks in almost every district of Shanghai. Major names include Bank of China, ICBC, China Merchants’ Bank, and China Construction Bank,...
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ATMs
Domestic bank ATMs can be found in most of their local branches as well as in many of the city centre’s shopping malls and department stores. Conveniently, some ICBC and China...
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Money Exchanges
Provided you show a copy of your passport, cash and travellers’ cheques can easily be exchanged at the currency exchange counters found in most hotels, major banks and at Pudong...
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Credit Cards
MasterCard, Visa, American Express, Diner’s Club and JCB cards are accepted in the majority of Shanghai’s hotels, some high-end restaurants and a selection of larger retailers. Shops...
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Tipping
Until very recently tipping was actively discouraged by the local authorities and in most places tips would be fearfully rejected. The growing number of tourists and expats coming to...
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