Mr Yam says the renminbi is conditionally developed into a third international currency

Xinhua Beijing, December 18, according to Hong Kong media reports, the former chief executive of the Hong Kong Monetary Authority, Mr Joseph Yam, said the renminbi conditionally developed into the United States dollar and the euro outside the third international currency, and Hong Kong is the renminbi to develop the best Test venue for the offshore market.　　Speaking at a financial forum in Beijing, Mr Yam said the international monetary system has been dominated by the dollar and the euro, but the two currencies have become less healthy after the financial tsunami, and he thinks the world needs a third international currency, assuming that the renminbi can play that role because of his confidence in China's economic size and macroeconomic policies. Mr Yam also said that the internationalisation of the renminbi required the operation of the renminbi in Hong Kong and the full use of market information.