Joseph Yam, chief executive of the Hong Kong Monetary Authority, believes the wider use of the renminbi will create an opening for the territory.
Hong Kong issues a currency of its own pegged to the dollar, as it seeks to solidify its position as a regional financial centre.
But the global economic slowdown has generated growing debate, fuelled in part by the Chinese central bank, about the dollar's role as the dominant world reserve currency, compounded by worries that mounting US debt could weaken the dollar.
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