EconomyHong Kong’s plan to use renminbi for government spending raises ‘de-dollarisation’ concerns

Hong Kong’s first five-year plan proposes studying and promoting renminbi payments for government spending in more suitable situations, including mainland training costs and Dongjiang water purchases. Economists say the move is intended to expand the currency’s use, but could also fuel concerns about the Hong Kong dollar’s importance and credibility. Its legal-tender status and dollar peg are not currently expected to change.

Hong Kongrenminbigovernment spendingde-dollarisation

BBBC Chinese★★★☆☆2026-09-22 01:42Original