The present value will fluctuate according to changes in the market annual interest rate;

The present value refers to the value of the fund converted to the base year, also known as the discounted present value, also known as the value in use, which is It refers to the value of future cash flows discounted at an appropriate discount rate. It refers to the amount of assets discounted based on the future net cash inflows expected to be generated from their continued use and final disposal, and the amount of liabilities discounted based on the future net cash outflows that need to be repaid within the expected period.

Market interest rates are a true reflection of market capital borrowing costs, and indicators that can reflect short-term market interest rates in a timely manner include inter-bank lending rates, government bond repurchase rates, etc. The interest rate of newly issued bonds is generally designed based on the market benchmark interest rate at that time. Generally speaking, an increase in market interest rates will cause the prices of bond fixed-income products to fall, stock prices to fall, and the real estate market and foreign exchange market to decline, but savings income will increase.