"China Yuan Gold Fix Is Part Of A Planned Shift From Dollar": China's Bocom

http://www.zerohedge.com/news/2016-04-20/china-yuan-gold-fix-part-planned-shift-dollar-chinas-bocom

Switzerland Will Join Race to Be Trading Hub for China’s Yuan

Notice London, Frankfurt, and Switzerland have joined the race to become the hub for trading of the Chinese Yuan.  So has Toronto.  The notable absence is New York, who normally aspires to be the trading center of any asset class.  Given the Yuan will be a likely challenger to the USDollar as a global reserve currency, does this surprise anybody?

http://www.bloomberg.com/news/2013-07-06/switzerland-will-join-race-to-be-trading-hub-for-china-s-yuan.html