CITY GUIDE >Shops and Services
Basic information about spending money in Beijing
(Xinhua)
Updated: 2008-07-16 17:26

TRAVELERS' CHEQUES, CREDIT CARDS

Travelers' cheques provide a fairly secure way of carrying your money. Always remember to keep the record of cheque numbers separate from the cheques for reference in the event of loss.
The BOC is the sole banking partner of the Beijing Olympic Games.

For the convenience of overseas tourists, the business department of the Bank of China (BOC) headquarters and domestic branches a Beijing, Shanghai, Tianjin and Guangzhou and branch in the Hong Kong Special Administrative Region as well as branches in London, Singapore and Luxembourg sell renminbi travelers' cheques.

Also the BOC sells travelers' cheques for other banking institutions such as American Express, Citibank, Tongjilong Travelers' Cheque Co., the Sumitomo Bank of Japan and the Swiss Banking Corporation.

The BOC can also cash travelers' cheques sold by international commercial banks and travelers' cheque companies in the United States, Canada, Australia, Hong Kong, Japan, Britain, France, Switzerland, Germany as well as many other countries.

Credit cards are gaining ground in China. The most common credit cards held by overseas visitors include JCB International, Thomas Cook, Diners Club, Mastercard International, Visa International and American Express International. They can be used in most mid-range to top-end hotels (three star and up), Friendship Stores and some department stores. Credit card cash advances have become routine at head branches of the BOC.

 

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