Hong Kong, Macao May Consider Using RMB: HK Economist

In a long-term point of view Hong Kong and Macao may consider an overall adoption of RMB, says Zhang Wuchang, a renowned HK economist lately in Macao.

After their returning to China one after the other, Hong Kong and Macao have retained their original currencies which should be overall replaced by RMB in the long run, according to Zhang. Currently RMB is not an internationally convertible currency because it can not exchange freely, but when China opens up its financial market RMB will be turned into an international currency.

By PD Online Staff Li Heng

People's Daily Online --- http://english.peopledaily.com.cn/