Shanghai Stock Exchange, the China Financial Futures Exchange and Deutsche Boerse have decided to establish "China Europe International Exchange" in Frankfurt. Before this, London has already become an important off-shore RMB center. ANBOUND research team points out that Frankfurt has advantages in terms of corporate bonds and international payment including goods and services. But in the aspect of radiant areas, the market of London is globalized, while Frankfurt mainly faces the Euro zone. We anticipate that the Frankfurt and London will use their advantages to compete for Status as Off-shore RMB Center