Probably. Looks like it's tied to the Yen, not the Yuan, was implied in this post. That confused me for a second lol. China and Russia have talked about their own currencies, but they're probably ironing out details and questions about interoperability of the chains considering they're some of the players behind a new gold exchange. Looks like they're strengthening ties a lot, we'll see how much interest Russia's offering of Yuan bonds gets, and how much of a benefit China will give them in return.