---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43105719.md"
description: "When I first saw the RMB appreciating, I thought Xiaomi must have a significant amount of RMB assets? Who knew they were shorting the RMB to hold foreign currency? The devaluation in their foreign currency holdings was severe, resulting in massive losses."
datetime: "2026-07-31T03:57:54.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43105719.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43105719.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43105719.md)
author: "[丁真！寄](https://longbridge.com/en/profiles/16808539.md)"
---

# When I first saw the RMB appreciating, I thought X…


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## Comments (1)

- **丁真！寄 · 2026-07-31T04:03:16.000Z · 👍 1**: A large amount of foreign currency; if the RMB continues to appreciate, the value of foreign currency will continue to be impaired.