In recent years, while China has been continuously promoting internationalization of the RMB, Central Bank of the Republic of China (Taiwan) is also activelyseeking foropportunities to open a range of RMB products and services,including exchange and depositbusiness, export/import foreign exchange business, RMB bonds (Formosa Bond), and RMB based products offered by securities investment trust business and securities firm,insurance industry. The aimof this study is, first of all, to investigatebond market by analyzing related researches, Taiwan RMB service development and the implementation of associated regulations.Secondly, to compareRMB service, bond issue and bond investment in Hong Kong with Formosa Bond in Taiwan. Theresultofthis could be a reference to encourage international bond market promotion. At the end, this study furtherlooks into the limit and the possible future prospects in Formosa Bond.