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Actually Huge Happenings. BRICS may be looking to detatch dollar or divest when we crash.
"It would “advance the development of Hong Kong’s fixed-income market, enabling the next chapter of renminbi internationalisation and enhancing Hong Kong’s status as an international financial centre”, said Bonnie Chan, chief executive of HKEX.
The memorandum of understanding plans to turn the HKMA’s Central Moneymarkets Unit, which settles debt, into an international securities house that can handle cross-border payments and multiple currencies."
https://archive.ph/6z5To
https://www.ft.com/content/0ecc09d2-4dc4-4ba3-b5d7-adc6d2aa9d2b