Big Night Sky
For the short to medium term yes. There are too many problems with the Mainland Chinese banks to float it tomorrow and its rapid rise in value (it is currently substantially undervalued) would cause havoc with the Chinese economy. The Central Government will continue to make revaluations of the Yuan over the next few years before they will consider floating it. My guess is 5 – 10 years. As for the HKD. There may be a revaluation upwards in the future but not by much. Once the Chinese float the Yuan I would have to assume the HKD will be floated then as well. Mind you we may see an integration of the HKD with the Yuan before that ever happens.