This year, the central parity of Renminbi against the US dollar depreciated 6.11%; Renminbi's spot exchange rate and offshore Renminbi has depreciated more than 6.2% against the US dollar. Anbound Think Tank’s research team’s research shows that the issue of Renminbi’s exchange rate is largely about confidence, and the correct action should be taken. China’s Central Bank should abandon the thought of reversing Renminbi’s exchange rate in short period of time through the intervention of the Central Bank; instead the focus should be on changing the market’s view on Renminbi for middle and long term. There is the need of expanding the reform, and deepening China’s market which would expand Renminbi’s usage space, as well as improving investment and the rule of law environment.