{"id":592766,"date":"2025-09-12T12:29:21","date_gmt":"2025-09-12T19:29:21","guid":{"rendered":"https:\/\/nai500.com\/?p=592766"},"modified":"2025-09-12T12:29:21","modified_gmt":"2025-09-12T19:29:21","slug":"%e8%8b%b1%e5%9b%bd%e8%b5%84%e4%ba%a7%e9%9d%a2%e4%b8%b4%e5%9b%b0%e5%a2%83-%e4%bb%bb%e4%bd%95%e5%9b%9e%e6%8a%a5%e9%83%bd%e4%bc%b4%e9%9a%8f%e5%a4%a7%e9%87%8f%e9%a3%8e%e9%99%a9","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2025\/09\/%e8%8b%b1%e5%9b%bd%e8%b5%84%e4%ba%a7%e9%9d%a2%e4%b8%b4%e5%9b%b0%e5%a2%83-%e4%bb%bb%e4%bd%95%e5%9b%9e%e6%8a%a5%e9%83%bd%e4%bc%b4%e9%9a%8f%e5%a4%a7%e9%87%8f%e9%a3%8e%e9%99%a9\/","title":{"rendered":"\u82f1\u56fd\u8d44\u4ea7\u9762\u4e34\u56f0\u5883\u2014\u2014\u4efb\u4f55\u56de\u62a5\u90fd\u4f34\u968f\u5927\u91cf\u98ce\u9669"},"content":{"rendered":"

\u672c\u571f\u504f\u597d\u62ab\u7740\u8c28\u614e\u7684\u5916\u8863\uff0c\u76f4\u5230\u5b83\u53d8\u6210\u9677\u9631\u3002\u5982\u679c\u4e70\u5165\u56fd\u5185\u80a1\u7968\u548c\u503a\u5238\u8ba9\u4eba\u89c9\u5f97\u7231\u56fd\uff0c\u90a3\u5c31\u95ee\u95ee\u81ea\u5df1\u4e3a\u4ec0\u4e48\u540c\u65f6\u89c9\u5f97\u8fd9\u5f88\u5bb9\u6613\u3002\u5e02\u573a\u4e0d\u4f1a\u4e3a\u8212\u9002\u4e70\u5355\u3002\u5e02\u573a\u4e3a\u627f\u62c5\u4ed6\u4eba\u5b9a\u4ef7\u9519\u8bef\u7684\u98ce\u9669\u4e70\u5355\u3002\u4eca\u5929\u7684\u95ee\u9898\u5728\u4e8e\uff0c\u82f1\u56fd\u8d44\u4ea7\u4e2d\u8bb8\u591a\u88ab\u8ba4\u4e3a\u7684\u5b89\u5168\u6027\u662f\u53d9\u4e8b\uff0c\u800c\u975e\u7ed3\u6784\u3002\u6700\u540e\u4e00\u9053\u9632\u7ebf\u66f4\u50cf\u662f\u5efa\u7acb\u5728\u6307\u6570\u602a\u7656\u3001\u653f\u7b56\u5e0c\u671b\u548c\u5bf9\u5386\u53f2\u65b9\u4fbf\u6027\u89e3\u8bfb\u4e4b\u4e0a\u7684\u6d77\u5e02\u8703\u697c\u3002\u98ce\u9669\u7684\u7b97\u672f\u5e76\u672a\u6539\u53d8\u3002\u6539\u53d8\u7684\u662f\u5bf9\u8d1f\u9762\u610f\u5916\u7684\u5bb9\u5fcd\u5ea6\u3002<\/p>\n

\u82f1\u56fd\u80a1\u7968\u4e2d\u7684\u7231\u56fd\u4e3b\u4e49\u6ea2\u4ef7<\/h3>\n

\u82f1\u56fd\u5e02\u573a\u63d0\u4f9b\u6536\u76ca\u7387\u3001\u76f8\u5bf9\u4e8e\u5168\u7403\u540c\u7c7b\u7684\u6298\u8ba9\uff0c\u4ee5\u53ca\u4e00\u4e2a\u5173\u4e8e\u9632\u5fa1\u6027\u7684\u6545\u4e8b\u3002\u8fd9\u5c31\u662f\u5356\u70b9\u3002\u4f46\u201c\u9632\u5fa1\u6027\u201d\u548c\u201c\u6301\u4e45\u201d\u5e76\u975e\u540c\u4e49\u8bcd\u3002FTSE \u7684\u884c\u4e1a\u7ec4\u5408\u5728\u80fd\u6e90\u3001\u94f6\u884c\u3001\u91c7\u77ff\u548c\u65e5\u7528\u6d88\u8d39\u54c1\u4e0a\u6743\u91cd\u8f83\u5927\u3002\u8fd9\u79cd\u96c6\u4e2d\u5728\u4e0b\u8dcc\u65f6\u770b\u8d77\u6765\u575a\u633a\uff0c\u5728\u53cd\u5f39\u65f6\u663e\u5f97\u4e4f\u529b\u3002\u5df4\u514b\u83b1\u7684\u7b56\u7565\u5e08\u8b66\u544a\u79f0\uff0c\u5982\u679c\u5229\u7387\u4e0b\u884c\uff0c\u8d44\u672c\u4f1a\u6d41\u5411\u589e\u957f\u66f4\u9ad8\u7684\u677f\u5757\uff0c\u524a\u5f31\u5bf9\u9632\u5fa1\u6027\u3001\u4ef7\u503c\u578b\u52a0\u6743\u6307\u6570\u7684\u9700\u6c42\u3002\u8fd9\u79cd\u8f6e\u52a8\u662f\u98ce\u9669\uff0c\u4e0d\u662f\u811a\u6ce8\u3002\u7528\u6982\u7387\u672f\u8bed\u6765\u8bf4\uff0c\u6536\u76ca\u504f\u6001\u53d1\u751f\u7ffb\u8f6c\uff1a\u4f60\u653e\u5f03\u5168\u7403\u589e\u957f\u5468\u671f\u7684\u4e0a\u884c\uff0c\u5e76\u5728\u5927\u5b97\u5546\u54c1\u6216\u91d1\u878d\u4e1a\u51fa\u73b0\u52a8\u8361\u65f6\u627f\u62c5\u56de\u64a4\u3002\u8fd9\u4e0d\u662f\u6297\u8106\u5f31\u3002\u8fd9\u662f\u5728\u7948\u7977\u5929\u6c14\u6c38\u8fdc\u4e0d\u53d8\u3002<\/p>\n

FTSE 100 \u7684\u6210\u5206\u9677\u9631<\/h3>\n

\u6295\u8d44\u8005\u8c08\u8bba\u5e02\u76c8\u7387\u548c\u80a1\u606f\u6536\u76ca\u7387\u3002\u4ed6\u4eec\u5e94\u5f53\u8c08\u8bba\u76f8\u5173\u6027\u548c\u51f8\u6027\u3002FTSE 100 \u7684\u8868\u73b0\u66f4\u50cf\u4e00\u4e2a\u5b8f\u89c2\u56e0\u5b50\uff0c\u800c\u4e0d\u662f\u4e00\u7bee\u5b50\u5e7f\u6cdb\u80a1\u6743\u3002\u5b83\u5bf9\u5168\u7403\u5927\u5b97\u5546\u54c1\u6709\u6760\u6746\u6027\uff0c\u5e76\u4f9d\u8d56\u5c11\u6570\u73b0\u91d1\u5145\u88d5\u7684\u65e2\u6709\u4f01\u4e1a\u4f18\u5316\u8d44\u672c\u56de\u62a5\uff0c\u800c\u975e\u4e3a\u4e86\u589e\u957f\u518d\u6295\u8d44\u3002\u5f53\u79d1\u6280\u80a1\u91cd\u4f30\u65f6\uff0c\u82f1\u56fd\u6307\u6570\u901a\u5e38\u6ede\u540e\u3002\u5f53\u539f\u6cb9\u4e0b\u8dcc\u6216\u4fe1\u8d37\u6536\u7d27\u65f6\uff0c\u5b83\u4eec\u4e5f\u4e0d\u4f1a\u795e\u5947\u5730\u91cd\u65b0\u4f30\u503c\u3002\u8fd9\u662f\u6295\u8d44\u7ec4\u5408\u7248\u7684\u9a6c\u5947\u8bfa\u9632\u7ebf\uff1a\u5728\u6700\u540e\u4e00\u6218\u52a0\u5f3a\u9632\u5fa1\uff0c\u5728\u4e0b\u4e00\u573a\u6218\u6597\u5f00\u59cb\u4e4b\u5904\u66b4\u9732\u3002\u4fbf\u5b9c\u7684\u8d44\u4ea7\u53ef\u80fd\u56e0\u4e3a\u7ed3\u6784\u6027\u539f\u56e0\u800c\u4fbf\u5b9c\u3002\u5747\u503c\u56de\u5f52\u4e0d\u662f\u6cd5\u4ee4\uff1b\u5b83\u662f\u6295\u8d44\u8005\u5728\u4e0d\u613f\u610f\u95ee\u201c\u7a76\u7adf\u53d1\u751f\u4e86\u4ec0\u4e48\u53d8\u5316\u201d\u65f6\u7f16\u9020\u7684\u6545\u4e8b\u3002<\/p>\n

\u91d1\u8fb9\u503a\u5238\u3001\u901a\u80c0\u4e0e\u5b89\u5168\u5e7b\u8c61<\/h3>\n

\u503a\u5238\u4e4b\u6240\u4ee5\u88ab\u79f0\u4e3a\u65e0\u98ce\u9669\uff0c\u662f\u6709\u539f\u56e0\u7684\u3002\u8fd9\u4e2a\u539f\u56e0\u662f\u4e60\u60ef\u3002\u82f1\u56fd\u91d1\u8fb9\u503a\u5e02\u573a\u57282022\u5e74\u63d0\u9192\u4e86\u6240\u6709\u4eba\uff0c\u4e45\u671f\u5728\u653f\u7b56\u53ef\u4fe1\u6027\u53d7\u5230\u8d28\u7591\u65f6\u53ef\u4ee5\u6210\u4e3a\u52a0\u901f\u5668\u3002LDI \u4e8b\u4ef6\u662f\u4e00\u6b21\u5b9e\u65f6\u7684\u538b\u529b\u6d4b\u8bd5\uff1a\u6760\u6746\u3001\u8ffd\u52a0\u4fdd\u8bc1\u91d1\u548c\u88ab\u8feb\u51fa\u624b\u7684\u592e\u884c\u3002\u90a3\u5e76\u975e\u4e45\u8fdc\u7684\u5386\u53f2\u3002\u5b83\u662f\u8106\u5f31\u6240\u5728\u7684\u5730\u56fe\u3002\u4eca\u5929\u7684\u91d1\u8fb9\u98ce\u9669\u4eea\u8868\u76d8\u518d\u6b21\u5f3a\u5316\u4e86\u8fd9\u4e00\u70b9\u3002\u67e5\u770b\u4efb\u4f55\u673a\u6784\u5bf910\u5e74\u671f\u91d1\u8fb9\u503a\u7684\u5206\u6790\uff0c\u4f60\u4f1a\u53d1\u73b0\u76f8\u540c\u7684\u652f\u67f1\uff1a\u53d1\u884c\u4eba\u8bc4\u7ea7\u3001\u901a\u80c0\u4fdd\u62a4\u3001\u6d41\u52a8\u6027\u548c\u653f\u7b56\u8def\u5f84\u3002\u8fd9\u4e9b\u5e76\u975e\u4eea\u5f0f\u6027\u6761\u76ee\uff0c\u800c\u662f\u627f\u91cd\u5047\u8bbe\u3002\u5728\u9ad8\u4f9b\u5e94\u7ba1\u9053\u3001\u91cf\u5316\u7d27\u7f29\u7684\u80cc\u666f\u4ee5\u53ca\u901a\u80c0\u4ecd\u662f\u4e00\u4e2a\u6d3b\u8dc3\u53d8\u91cf\u7684\u60c5\u51b5\u4e0b\uff0c\u8bef\u5dee\u8fb9\u9645\u5f88\u8584\u3002\u503a\u5238\u5728\u957f\u671f\u5185\u4fdd\u62a4\u8d44\u672c\u53ea\u6709\u5728\u5236\u5ea6\u7a33\u5b9a\u65f6\u624d\u6210\u7acb\u3002\u5982\u679c\u4e0d\u7a33\u5b9a\uff0c\u606f\u7968\u53ea\u662f\u5b89\u6170\u5956\u3002<\/p>\n

\u5de5\u7a0b\u7c7b\u6bd4\u5f88\u7b80\u5355\u3002\u4e00\u5ea7\u6865\u6881\u53ef\u4ee5\u627f\u53d7\u5176\u989d\u5b9a\u8f7d\u8377\uff0c\u76f4\u5230\u8150\u8680\u4f7f\u989d\u5b9a\u53d8\u6210\u865a\u6784\u3002\u82f1\u56fd\u503a\u52a1\u52a8\u6001\u6bd4\u4e00\u4e2a\u5934\u6761\u6536\u76ca\u7387\u663e\u793a\u7684\u66f4\u590d\u6742\uff1a\u5230\u671f\u7ed3\u6784\u3001\u5916\u56fd\u6301\u6709\u4efd\u989d\u3001\u8d27\u5e01\u4f5c\u4e3a\u51b2\u51fb\u5438\u6536\u5668\u7684\u89d2\u8272\u4ee5\u53ca\u82f1\u683c\u5170\u94f6\u884c\u7684\u53cd\u5e94\u51fd\u6570\u3002\u589e\u957f\u4ee4\u4eba\u5931\u671b\u3001\u670d\u52a1\u4e1a\u901a\u80c0\u56fa\u5316\u4e0e\u8d22\u653f\u5bbd\u677e\u7684\u9519\u8bef\u7ec4\u5408\uff0c\u53ef\u80fd\u628a\u4e00\u4e2a\u4f4e\u6ce2\u52a8\u7684\u6536\u76ca\u4ea4\u6613\u53d8\u6210\u539a\u5c3e\u4e8b\u4ef6\u3002\u5728\u90a3\u79cd\u4e16\u754c\u91cc\uff0c\u91d1\u8fb9\u4e0e\u80a1\u7968\u7684\u76f8\u5173\u6027\u53d8\u4e3a\u6b63\uff0c\u6240\u8c13\u7684\u538b\u8231\u7269\u5728\u4f60\u6700\u9700\u8981\u65f6\u5931\u7075\u3002<\/p>\n

\u6d41\u52a8\u6027\u3001\u53cd\u8eab\u6027\u4e0e\u82f1\u9551\u98ce\u9669<\/h3>\n

\u5e02\u573a\u4e0d\u662f\u6295\u7968\u673a\u4e5f\u4e0d\u662f\u8861\u91cd\u673a\u3002\u5b83\u4eec\u662f\u53cd\u9988\u673a\u5668\u3002\u5982\u679c\u5168\u7403\u6295\u8d44\u8005\u8ba4\u5b9a\u82f1\u56fd\u53ea\u662f\u80a1\u606f\u6536\u5165\u7684\u505c\u9760\u5904\u800c\u5df2\uff0c\u8d44\u91d1\u6d41\u5411\u4f1a\u53cd\u6620\u8fd9\u4e00\u70b9\u3002\u968f\u7740\u5229\u7387\u4e0b\u884c\uff0c\u5168\u7403\u5bf9\u8d44\u4ea7\u8d1f\u503a\u8868\u98ce\u9669\u7684\u80c3\u53e3\u4e0a\u5347\uff0c\u4f46\u5e76\u4e0d\u660e\u663e\u82f1\u56fd\u80a1\u5e02\u5c06\u662f\u53d7\u76ca\u8005\u3002\u53cd\u8eab\u6027\u5b8c\u6210\u4f59\u4e0b\u7684\u5de5\u4f5c\uff1a\u76f8\u5bf9\u8868\u73b0\u4e0d\u4f73\u5f15\u53d1\u8d44\u91d1\u6d41\u51fa\uff0c\u538b\u4f4e\u4f30\u503c\uff0c\u8fdb\u800c\u9a8c\u8bc1\u6700\u521d\u7684\u51cf\u914d\u3002\u518d\u628a\u8d27\u5e01\u52a0\u5165\u56de\u8def\u3002\u82f1\u9551\u8d70\u5f31\u5e38\u901a\u8fc7\u6362\u7b97\u7f8e\u5316 FTSE \u7684\u6536\u5165\uff0c\u4f46\u4e5f\u63d0\u9ad8\u4e86\u5bf9\u56fd\u5185\u50a8\u6237\u7684\u95e8\u69db\uff0c\u5e76\u53ef\u80fd\u963b\u788d\u5916\u56fd\u5bf9\u91d1\u8fb9\u7684\u652f\u6301\u3002\u8fd9\u5c31\u662f\u8d44\u672c\u914d\u7f6e\u7684\u535a\u5f08\u8bba\uff1a\u6bcf\u4e2a\u4eba\u90fd\u60f3\u505a\u6700\u540e\u4e00\u4e2a\u79bb\u5f00\u7684\u4eba\uff0c\u56e0\u4e3a\u51fa\u53e3\u901a\u9053\u5f88\u7a84\u3002\u5728\u56da\u5f92\u56f0\u5883\u4e2d\uff0c\u4fe1\u4efb\u662f\u4e00\u79cd\u5962\u4f88\uff1b\u73b0\u91d1\u6d41\u548c\u653f\u7b56\u53ef\u4fe1\u6027\u662f\u552f\u4e00\u91cd\u8981\u7684\u4fe1\u53f7\u3002<\/p>\n

\u5386\u53f2\u5bf9\u5ec9\u4ef7\u8d44\u4ea7\u7684\u6c89\u9ed8\u8b66\u544a<\/h3>\n

\u5386\u53f2\u6240\u8a00\u4e0d\u5982\u6295\u8d44\u8005\u60f3\u8c61\u7684\u591a\uff0c\u4f46\u5b83\u6709\u4e00\u53e5\u6e05\u6670\u7684\u8bdd\uff1a\u5f53\u7ed3\u6784\u51fb\u8d25\u60c5\u7eea\u65f6\uff0c\u4fbf\u5b9c\u53ef\u4ee5\u66f4\u4fbf\u5b9c\u3002\u65e5\u672c\u7684\u4f30\u503c\u6298\u8ba9\u6301\u7eed\u4e86\u6570\u5341\u5e74\u3002\u6b27\u6d32\u94f6\u884c\u957f\u671f\u770b\u8d77\u6765\u6709\u5438\u5f15\u529b\uff0c\u5374\u4ee5\u7a00\u91ca\u56de\u62a5\u4e86\u8010\u5fc3\u3002\u82f1\u56fd\u4e5f\u6709\u81ea\u5df1\u7684\u7ae0\u8282\uff0c\u4ece1976\u5e74\u7684 IMF \u5371\u673a\u5230\u8131\u79bb ERM \u518d\u5230 LDI \u7684\u5e94\u6025\u6f14\u7ec3\u3002\u6bcf\u4e00\u6b21\uff0c\u6a21\u5f0f\u90fd\u62bc\u97f5\u3002\u4e00\u6bb5\u770b\u6765\u53ef\u884c\u7684\u97e7\u6027\u6545\u4e8b\u4e0e\u6760\u6746\u3001\u653f\u7b56\u8f6c\u53d8\u6216\u5916\u90e8\u8d44\u91d1\u7ea6\u675f\u76f8\u649e\u3002\u4ece\u8d1d\u53f6\u65af\u89d2\u5ea6\u770b\uff0c\u8fd9\u4e9b\u5148\u524d\u7684\u4e8b\u4ef6\u63d0\u9ad8\u4e86\u8fd9\u6837\u7684\u6982\u7387\uff1a\u5f53\u82f1\u56fd\u8d44\u4ea7\u88ab\u7b5b\u9009\u4e3a\u5b89\u5168\u6536\u5165\u6765\u6e90\u65f6\uff0c\u5b83\u4eec\u4e5f\u53ef\u80fd\u628a\u4f60\u66b4\u9732\u4e8e\u9519\u8bef\u7684\u5c3e\u90e8\u3002\u671f\u671b\u503c\u4e0d\u4ec5\u4ec5\u662f\u4ef7\u683c\u4e58\u4ee5\u7ed3\u679c\u3002\u5b83\u662f\u4ef7\u683c\u4e58\u4ee5\u7ed3\u679c\u5e76\u6839\u636e\u6d41\u52a8\u6027\u6d88\u5931\u65f6\u76f8\u5173\u6027\u5c16\u5cf0\u8fdb\u884c\u8c03\u6574\u3002<\/p>\n

\u6295\u8d44\u8005\u5fc3\u7406\u4e0e\u672c\u571f\u504f\u597d\u9677\u9631<\/h3>\n

\u50a8\u6237\u4e3a\u4f55\u53cd\u590d\u91cd\u8e48\u672c\u571f\u504f\u597d\uff1f\u719f\u6089\u611f\u8ba9\u4eba\u89c9\u5f97\u50cf\u662f\u98ce\u9669\u7ba1\u7406\u3002\u5176\u5b9e\u4e0d\u662f\uff0c\u800c\u662f\u96c6\u4e2d\u98ce\u9669\u3002\u7528 Kelly \u51c6\u5219\u7684\u8bdd\uff0c\u5f53\u4f18\u52bf\u4e0d\u786e\u5b9a\u4e14\u65b9\u5dee\u53ef\u80fd\u8df3\u5347\u65f6\uff0c\u6700\u4f18\u62bc\u6ce8\u89c4\u6a21\u4f1a\u7f29\u5c0f\u3002\u7136\u800c\u517b\u8001\u91d1\u8ba1\u5212\u3001\u8d22\u5bcc\u7ba1\u7406\u8005\u548c\u96f6\u552e\u50a8\u6237\u5e38\u4ee5\u5fe0\u8bda\u6216\u6536\u76ca\u4e3a\u540d\u53cd\u5176\u9053\u800c\u884c\u4e4b\u3002\u4ed6\u4eec\u5728\u6298\u8ba9\u6269\u5927\u65f6\u589e\u52a0\u672c\u571f\u655e\u53e3\uff0c\u628a\u4ef7\u683c\u8bef\u8ba4\u4f5c\u5b89\u5168\u8fb9\u9645\u3002\u66f4\u806a\u660e\u7684\u53cd\u5411\u601d\u8003\u662f\u95ee\u4ec0\u4e48\u4f1a\u6253\u7834\u8bba\u70b9\u3002\u5bf9\u4e8e\u82f1\u56fd\u80a1\u7968\uff0c\u662f\u5168\u7403\u589e\u957f\u8f6c\u5411\u4ee5\u521b\u65b0\u4e3a\u4e3b\u7684\u677f\u5757\u3002\u5bf9\u4e8e\u91d1\u8fb9\uff0c\u662f\u987d\u56fa\u7684\u901a\u80c0\u52a0\u4e0a\u5927\u91cf\u53d1\u884c\u3002\u5bf9\u4e8e\u82f1\u9551\uff0c\u662f\u5728\u653f\u7b56\u6536\u7d27\u4e4b\u65f6\u9700\u8981\u9760\u878d\u5165\u8d44\u672c\u6765\u5e73\u8861\u7684\u7ecf\u5e38\u8d26\u6237\u3002\u4ee5\u4e0a\u90fd\u4e0d\u662f\u5bbf\u547d\uff0c\u4f46\u90fd\u662f\u5408\u7406\u7684\u53ef\u80fd\u3002<\/p>\n

\u6297\u8106\u5f31\u9700\u8981\u8bbe\u8ba1\uff0c\u800c\u975e\u53e3\u53f7<\/h3>\n

\u6301\u6709\u88ab\u4eba\u79f0\u4e3a\u9632\u5fa1\u6027\u7684\u8d44\u4ea7\u5e76\u4e0d\u4f1a\u81ea\u52a8\u5e26\u6765\u6297\u8106\u5f31\u6027\u3002\u6297\u8106\u5f31\u6e90\u4e8e\u6301\u6709\u80fd\u4ece\u6ce2\u52a8\u4e2d\u83b7\u76ca\u6216\u81f3\u5c11\u907f\u514d\u88ab\u8feb\u51fa\u552e\u7684\u655e\u53e3\u3002\u5bf9\u4e8e\u4ee5\u82f1\u56fd\u4e3a\u4e2d\u5fc3\u7684\u7ec4\u5408\uff0c\u8fd9\u610f\u5473\u7740\u8981\u5bf9\u901a\u80c0\u51b2\u51fb\u3001\u5229\u7387\u6ce2\u52a8\u548c\u6d41\u52a8\u6027\u7f3a\u53e3\u8fdb\u884c\u538b\u529b\u6d4b\u8bd5\u3002\u5c06\u6307\u6570\u4e0e\u4f01\u4e1a\u533a\u5206\u5f00\u6765\u3002\u5c11\u6570\u5728\u82f1\u56fd\u4e0a\u5e02\u7684\u516c\u53f8\u62e5\u6709\u5168\u7403\u62a4\u57ce\u6cb3\u548c\u5b9a\u4ef7\u6743\uff1b\u5f88\u591a\u53ea\u662f\u5468\u671f\u6027\u884c\u4e1a\u4e2d\u7684\u6536\u76ca\u673a\u5668\u3002\u533a\u5206\u540d\u4e49\u56de\u62a5\u4e0e\u5b9e\u9645\u56de\u62a5\u3002\u5c06\u82f1\u9551\u98ce\u9669\u4e0e\u8d44\u4ea7\u98ce\u9669\u5206\u5f00\u3002\u4ee5\u60c5\u666f\u601d\u8003\uff0c\u800c\u4e0d\u662f\u70b9\u9884\u6d4b\uff0c\u5e76\u6309\u5f71\u54cd\u800c\u975e\u6982\u7387\u6765\u8861\u91cf\u7ed3\u679c\u3002\u8fd9\u5e76\u4e0d\u5149\u9c9c\uff0c\u4f46\u5b83\u80fd\u8ba9\u4f60\u907f\u514d\u4e3a\u8212\u9002\u4e70\u5355\u800c\u5f97\u5230\u8106\u5f31\u3002<\/p>\n

\u6301\u6709\u82f1\u56fd\u98ce\u9669\u7684\u95e8\u69db\u9ad8\u4e8e\u6807\u7b7e\u4ef7<\/h3>\n

\u6298\u8ba9\u4e0d\u662f\u50ac\u5316\u5242\u3002\u6536\u76ca\u7387\u4e0d\u662f\u8ba4\u6cbd\u3002\u82f1\u56fd\u8d44\u4ea7\u7684\u6218\u7565\u7406\u7531\u5fc5\u987b\u901a\u8fc7\u66f4\u9ad8\u7684\u95e8\u69db\uff0c\u56e0\u4e3a\u76f8\u5173\u6027\u7ed3\u6784\u3001\u5bf9\u653f\u7b56\u7684\u4f9d\u8d56\u548c\u6307\u6570\u6784\u6210\u90fd\u4e0d\u5229\u4e8e\u6297\u8106\u5f31\u3002\u5df4\u514b\u83b1\u6307\u51fa\u5229\u7387\u9a71\u52a8\u7684\u98ce\u9669\u504f\u597d\u9636\u6bb5\u53ef\u80fd\u8ba9\u82f1\u56fd\u9632\u5fa1\u677f\u5757\u88ab\u629b\u5f03\uff0c\u8fd9\u70b9\u662f\u5bf9\u7684\u3002\u503a\u5238\u98ce\u9669\u4eea\u8868\u76d8\u6301\u7eed\u5c06\u901a\u80c0\u4e0e\u4f9b\u5e94\u4f5c\u4e3a\u5173\u952e\u53d8\u91cf\u4e5f\u6709\u9053\u7406\u3002\u8fd9\u4e9b\u90fd\u4e0d\u4fdd\u8bc1\u4e8f\u635f\uff0c\u4f46\u8981\u6c42\u8c26\u5351\u3002\u5982\u679c\u4f60\u60f3\u5728\u82f1\u56fd\u83b7\u5f97\u98ce\u9669\u6ea2\u4ef7\uff0c\u786e\u4fdd\u4f60\u627f\u62c5\u7684\u662f\u80fd\u5e26\u6765\u56de\u62a5\u7684\u98ce\u9669\uff0c\u800c\u4e0d\u662f\u4f1a\u8ba9\u4f60\u60ca\u8bb6\u7684\u98ce\u9669\u3002\u5728\u5e02\u573a\u4e2d\uff0c\u5982\u540c\u5de5\u7a0b\u5b66\uff0c\u672a\u88ab\u5bdf\u89c9\u7684\u5f31\u70b9\u6700\u5148\u5931\u6548\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u9a7e\u9a6d\u82f1\u56fd\u4ea7\u4e1a\u98ce\u9669\uff1a\u4ece\u80a1\u7968\u4e2d\u7684\u201c\u7231\u56fd\u6ea2\u4ef7\u201d\u3001FTSE 100\u7684\u6210\u5206\u9677\u9631\u5230\u56fd\u503a\u7684\u5b89\u5168\u5e7b\u8c61\uff0c\u6295\u8d44\u8005\u5fc5\u987b\u6784\u5efa\u53cd\u8106\u5f31\u7ec4\u5408\uff0c\u5e76\u9488\u5bf9\u901a\u80c0\u51b2\u51fb\u4e0e\u6d41\u52a8\u6027\u7f3a\u53e3\u8fdb\u884c\u538b\u529b\u6d4b\u8bd5\uff0c\u907f\u514d\u4e3a\u5b89\u6170\u4e70\u5355\u5374\u4e24\u624b\u7a7a\u7a7a<\/p>\n","protected":false},"author":52,"featured_media":587487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[427],"tags":[819,1121,816],"class_list":["post-592766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news-zh-hans","tag-gcff","tag-1121","tag-816"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/592766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/users\/52"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=592766"}],"version-history":[{"count":1,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/592766\/revisions"}],"predecessor-version":[{"id":592845,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/592766\/revisions\/592845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/587487"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=592766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=592766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=592766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}