1, the Federal Reserve raised interest rates, and the dollar returned to the United States, leading to a strong dollar and appreciation against all major currencies. This year, the yen depreciated by 25% against the US dollar, the won depreciated by 15%, the euro depreciated by 18% against the US dollar, and the RMB depreciated by 1 1%.
2, a large number of foreign exchange reserves outflow, resulting in RMB exchange rate depreciation. At the end of 2022, 65,438+10, China's foreign exchange reserves were $32.21600 million, and at the end of August 2022, China's foreign exchange reserves were $3,054.9 billion, a decrease of 1667 million in seven months.
3. The policy continues to restrict real estate, Internet platform and education, resulting in the disappearance of money-making opportunities in these three industries favored by capital, and the withdrawal of capital from these three industries has obviously accelerated. Due to the need of hedging, some funds will flow out.