According to a report released by the Bank for International Settlement (BIS), RMB has become the top 10 global transaction currencies and top 9 foreign turnover currencies. Also, it is soon to become the top 10 global payment currencies. However, Anbound predicts that although RMB's internationalization is promising, there is still a long way to go. Shanghai’s FTZ may become the main board for RMB’s internationalization in the new era.