After several months' fall, the RMB exchange rate seems to rebound. Despite of this, the bearish arguments for the RMB markets still flourish. The foreign investors hold that the depreciation of the RMB will open a "Pandora's box": it won’t be significant to invest in China if without the profit for RMB appreciation. He Jun, senior researcher from ANBOUND, states that the concern over economic slowdown of China’s growth and the following capital outflow will create pressure for the rebound of the RMB exchange rate. To China’s central bank that highly values the redirection for RMB exchange rate appreciation, the reasons for the bearish arguments from the foreign investors worth attention.