Source: CCTV.com

04-09-2009 10:47

The Hong Kong SAR government has welcomed the Mainland move. The SAR says it's completed the necessary technical preparations to become the first partner outside the Mainland in the pilot program. Hong Kong is already conducting some yuan service.

The Hong Kong SAR government has welcomed the  Mainland move.

In the past five years, residents have been able to set up yuan-dominated bank accounts, and some retail outlets accept payment in yuan. Mainland financial institutions were also allowed to issue yuan-denominated bonds in the SAR in 2007.

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Editor:Qin Yongjing