In the past two years, renminbi's exchange rate has continued to depreciate. By 2017, foreign exchange reserves, which are buffered by the exchange rate policy, may fall below US$ 3 trillion and the exchange rate policy would have to be adjusted. Anbound research team has always had its own clear views and policies: to restructure the currency of the renminbi basket, to reduce the dollar to renminbi’s proportion, to desensitize the renminbi with the US dollar, to increase the free floating range of the renminbi and to achieve market exchange rate formation mechanism. Yet, in real operation, China’s Central Bank may wish to take into account the exchange rate stability and the size of foreign reserves. However, if the two are not prioritized, foreign reserves may be better than the target.