In 2022，against the backdrop of repeated outbreaks of COVID-19，the Russia-Ukraine conflict and the Federal Reserve’s continuous and substantial interest rate hike，China’s capital market was deeply affected and experienced increased volatility. The Chinese stock market fluctuated down under the influence of internal and external environment，the bond market finally leveled off，and the overall bulk commodities rose significantly. In 2023，global inflation may still be at a high level，and the anticipated interest rate cuts in Europe and the United States may not be able to start in practice. Global economic growth will continue to be on the low side. China’s economy will stabilize recovery，strengthen policies to stabilize growth，loosen monetary policy while maintaining stability，and make fiscal policy more active. In 2023，China’s stock market is expected to gather force fluctuation up，bond market interest rates first down and then up，commodity categories are mixed.