Yes.

According to Sohu.com, when you swipe a card through the UnionPay platform in Hong Kong, the Australian dollars in the transaction are directly converted into RMB and credited to the account, without any additional handling fees through international organizations.

The applicable exchange rates for automatic foreign exchange purchases with CCB credit cards include US dollars, euros, Japanese yen, Hong Kong dollars, British pounds, Swiss francs, Australian dollars, Canadian dollars, Singapore dollars, etc.