Rising interest rates refer to the central bank adjusting the benchmark interest rate or the open market operation interest rate in response to the macroeconomic situation, causing the inter-bank market interest rate and loan interest rate to rise. In this case, borrowing costs increase, the bank loan market tightens, the return on investment in fixed income assets increases, while the return on investment in stocks and other risky assets decreases.

Rising interest rates have a greater impact on the bank loan market. The cost of funds for banks increases, thereby absorbing the financial pressure on banks in the process of rising interest rates. When interest rates rise, banks will reduce loan supply, which also has a negative impact on the real estate market and the consumer market. In addition, for people, rising loan costs mean they have to pay higher interest rates, thus reducing disposable income and also affecting their consumption and saving behaviors.

While rising interest rates may lead to an economic slowdown and increased investment risks, it can also signal the central bank's confidence in new economic growth and inflation. High interest rates can also give people a signal, prompting them to borrow less and save more. In addition, fixed-income investors, such as insurance companies and mutual funds, can benefit from high bond rates. Overall, rising interest rates are a complex issue that requires careful consideration of all factors in order to better predict future market trends.