On February 7, the onshore renminbi broke the RMB 6.26 mark against the U.S. dollar and the offshore renminbi against the U.S. dollar had once risen above the mark of RMB 6.26; onshore and offshore RMB exchange rates hit a new high since August 11, 2015. However, the risk of a sharp appreciation of the renminbi is also accumulating. First, the renminbi is passive appreciation and not supported by economic fundamentals and business conditions. Second, the appreciation of the renminbi increased the risk of the export sector. Third, the Chinese capital market has not been synchronized to enhance confidence.