The Yuan Gains Favor in Hong Kong.

The article reports on the investments in Chinese yuan by Hong Kong residents and businessmen. As of end of June 2008, Hong Kong residents reportedly had renminbi holdings in Hong Kong bank accounts, three times the amount they held in 2005. According to analysts, other foreign investors are also betting on the renmimbi as the U.S. dollar weakens. Information on the impact of inflows on China's exchange rate controls and monetary policies are offered.