CNBC's The China Connection newsletter: How a gold-buying spree helps the yuan go global

Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of what I'm seeing and hearing from local businesses. Buying gold every month for nearly two years is just part of China's plan to narrow a gap with the U.S. on holdings of the precious metal. What does that do to the yuan? China's decades-long push for yuan internationalization is getting a lift from the buildout of Hong Kong as a gold trading center — denominated in the Chinese currency.