尽管加息利空兑现后,市场不跌反涨,但宏观调控和紧缩型货币政策的影响并非短期可以消除,部分行业和个股的估值将因此发生变化。受益于投资加快、业绩大增的上游产业的市场定位将被调低,而流动比率较低、已获利息倍数较小的上市公司则无疑成为加息的最大“受害者”。 Although the market is not uptrend after the rate hike, the impact of macro-control and tightening monetary policy will not be eliminated in the short term. As a result, the valuation of some industries and individual stocks will change accordingly. Benefit from accelerated investment, the performance of the upstream industry’s market position will be lowered, and the lower current ratio, has been less interest-bearing listed companies will undoubtedly become the biggest “rate hike”.