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10 China Fen

A Fen (Chinese: 分; pinyin: fēn) (Cantonese: sin [Chinese], is a unit of currency used in Greater China, including the People’s Republic of China, the Republic of China (Taiwan), Hong Kong (called a cent in English) and Macao (called an avo in Portuguese). One fen is equal to 1/100 of a yuan or 1/10 of a Chinese jiao.

Renminbi was issued in coin denominations of 1, 2, and 5 fen and also banknote denominations of 1, 2, and 5 fen.

In Standard (Mandarin) Chinese, yuán literally means a “round object” or “round coin”. During the Qing Dynasty, the yuan was a round coin made of silver.

In informal contexts, the word is written with the simplified Chinese character 元, that literally means “beginning”. In formal contexts it is written with the simplified character 圆 or with the traditional version 圓, both meaning “round”, after the shape of the coins.

These are all pronounced yuán in modern Standard Chinese, but were originally pronounced differently, and remain distinct in Wu Chinese: 元 = nyoe, 圓 = yoe.

In the People’s Republic of China, ‘￥’ or ‘RMB’ is often prefixed to the amount to indicate that the currency is the renminbi (e.g. ￥100元 or RMB 100元).

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