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Discussion Starter · #1 ·
can any expert tell me what's the difficulty to actually flooding the RMB in hongkong as the new currency,and what will happen if this became a reality
 

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Discussion Starter · #3 ·
so?
 

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Monetary policy is dictated by the HKSAR government. It will remain pegged to the US dollar even as the RMB appreciates over the next few years.

So to answer your question, this is not an issue and will not change in the near future. There are no plans to deactivate the Hong Kong currency.
 

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China is the one fearing major capital flows leaving the country, such as through Hong Kong, if the two currencies become fully convertible. Since Hong Kong does a lot of trade with China, the influx of RMB into Hong Kong won't result in a currency glut. However, the interest rates on RMB deposits in Hong Kong are very low right now.
 

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RMB is accepted in many tourist attractions (such as Tsim Sha Tsui and Mong Kok) in HK but it is NOT officially a legal tender in HK. The legal tender is still the HK$.
 
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