It is expected that the long awaited Renminbi internationalization will gain its significant progress in the coming days. The UK Treasury launched the Renminbi national debt road show on October 13th, which is the first Renminbi's sovereign bond issued by a country beyond China. ANBOUND think tank scholars suggest that the UK’s move signals that Renminbi has received breakthroughs in turning itself into a reserve currency, though with a low profile, and the move can be called a win-win step to both the UK and China. However, compared with Renminbi’s popularity in the international market, it still involves tremendous work to do within China, and the base for Renminbi internationalization needs to be solidified through consistent reforms.