End of Dollar hegemony!

Hungary to Issue Dim-Sum Bond as It Seeks to Curry Favor With China Issuance of yuan-denominated sovereign bond comes as Hungary seeks to expand trade with China
By CAROL CHAN April 15, 2016 3:17 a.m. ET
„Hungary has become the first Eastern European country to issue a yuan-denominated sovereign bond, in a deal that shows how currying favor with China may be a more important driver for the market than funding.“

German-Chinese stock exchange launched in Frankfurt am Main
„The China Europe International Exchange (CEINEX), the joint venture of the Shanghai Stock Exchange (SSE), the German Stock Exchange and the China Financial Futures Exchange (CFFEX), was successfully launched in Frankfurt. The first transactions were already made shortly after the market had opened for trade.“

China launch of renminbi payments system reflects Swift spying concerns
October 8, 2015 5:52 am October 8, 2015 5:52 am
China launched a cross-border renminbi payments system on Thursday, a big step in its drive to boost international use of the Chinese currency and protect itself from US spy agencies with access to the Swift system.

Chinese leaders want the renminbi to rival the US dollar as a global currency for trade and investment. The “redback” is now the fourth most-used currency for global payments but its share by value remains low at just 2.8 per cent in August, according to Swift.“

China’s SWIFT Alternative and the (Engineered) Death of the Dollar
Corbett • 03/12/2015 • 8 Comments
„New reports indicate that China is ready to launch its SWIFT alternative, and for those who have their ear to the ground this is the most significant move yet in the unfolding process of de-dollarization that is seeing the BRICS-led “resistance bloc” breaking away from the financial stranglehold of the US-led “Washington Consensus.”