Federal Reserve's unexpected delay of its QE halt greatly influences the global market. Despite that, Anbound’s research team is of the view that the Federal Reserve will still going to taper its QE in the long-term. Although the emerging markets had been relieved somehow by the news, the continuous existence of the internal risks meant that these countries shouldn’t delay their ongoing adjustments of financial and monetary policies. For China, the withdrawal of the US dollar capital is a good opportunity for the internationalization of the RMB.