Future role of Hong Kong Dollar

HSBC chief Peter Wong Tung-shun recently suggested to review the future role of Hong Kong Dollar with possibility of switching it from linking to the US dollar to Renminbi instead. Some comments have been made by the financial communities including former HK Monetary Authority (HKMA) chief though the official comment made by the government body is "it sees no need and has no intention to change the peg" (SCMP, 1 November 2014)

If you are not so young you may have heard about Foreign Exchange Certificate (FEC, 外匯券) which was the main foreign trade and exchange note after the Open Door Policy. FEC has ceased for circulation in 1995. (More information can be browsed from Wikipedia with this link in Chinese or the section on FEC in English.)

The question "how Hong Kong Dollar to be faded out" is always in my mind though I really do not want to see. Reason being that this would be a sign of fading out of Hong Kong's strategic position. Anyway, in view of the current political and economic landscape, this worths to think further.