{"id":620084,"date":"2026-02-10T23:34:56","date_gmt":"2026-02-11T07:34:56","guid":{"rendered":"https:\/\/nai500.com\/blog\/2026\/02\/%e5%bd%93%e9%93%b6%e8%a1%8c%e5%86%b3%e5%ae%9a%e8%b5%8e%e5%9b%9e%e6%97%b6%ef%bc%8c%e8%b0%81%e6%9d%a5%e6%89%bf%e6%8b%85%e6%b5%81%e5%8a%a8%e6%80%a7%e9%a3%8e%e9%99%a9\/"},"modified":"2026-02-10T23:34:56","modified_gmt":"2026-02-11T07:34:56","slug":"%e5%bd%93%e9%93%b6%e8%a1%8c%e5%86%b3%e5%ae%9a%e8%b5%8e%e5%9b%9e%e6%97%b6%ef%bc%8c%e8%b0%81%e6%9d%a5%e6%89%bf%e6%8b%85%e6%b5%81%e5%8a%a8%e6%80%a7%e9%a3%8e%e9%99%a9","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2026\/02\/%e5%bd%93%e9%93%b6%e8%a1%8c%e5%86%b3%e5%ae%9a%e8%b5%8e%e5%9b%9e%e6%97%b6%ef%bc%8c%e8%b0%81%e6%9d%a5%e6%89%bf%e6%8b%85%e6%b5%81%e5%8a%a8%e6%80%a7%e9%a3%8e%e9%99%a9\/","title":{"rendered":"\u5f53\u94f6\u884c\u51b3\u5b9a\u8d4e\u56de\u65f6\uff0c\u8c01\u6765\u627f\u62c5\u6d41\u52a8\u6027\u98ce\u9669"},"content":{"rendered":"<p>\u94f6\u884c\u5e76\u4e0d\u884c\u4f7f\u770b\u6da8\u671f\u6743\uff0c\u5b83\u4eec\u662f\u5728\u6d4b\u8bd5\u8fd9\u4e9b\u671f\u6743\u3002ING \u8ba1\u5212\u5728 2026 \u5e74 4 \u6708 1 \u65e5\u8d4e\u56de\u4e24\u7b14\u5728 SEC \u5907\u6848\u7684 Senior Notes\uff0c\u5e76\u5728 2026 \u5e74 5 \u6708 26 \u65e5\u7684\u91cd\u8bbe\u65e5\u671f\u8d4e\u56de 15 \u4ebf\u6b27\u5143\u7684 Tier 2 \u503a\u5238\uff0c\u770b\u8d77\u6765\u5f88\u5e73\u5e38\u3002\u5176\u5b9e\u5e76\u975e\u5982\u6b64\u3002\u8fd9\u662f\u5bf9\u6d41\u52a8\u6027\u3001\u5229\u5dee\u72b6\u51b5\u4ee5\u53ca\u6295\u8d44\u8005\u53cd\u5c04\u6027\u4fe1\u5ff5\u7684\u4e00\u4e2a\u5b9e\u65f6\u62bc\u6ce8\u2014\u2014\u6295\u8d44\u8005\u5e38\u5e38\u628a\u8d4e\u56de\u89c6\u4e3a\u50cf\u7968\u606f\u4e00\u6837\u786e\u5b9a\u7684\u4e8b\u4ef6\u3002\u5728\u5e73\u9759\u7684\u5e02\u573a\u4e2d\uff0c\u8fd9\u7c7b\u8d1f\u503a\u6e05\u7406\u53ea\u662f\u811a\u6ce8\uff1b\u5728\u538b\u529b\u5e02\u573a\u4e2d\uff0c\u5b83\u53ef\u80fd\u6210\u4e3a\u6709\u5e8f\u878d\u8d44\u4e0e\u629b\u552e\u4e4b\u95f4\u7684\u652f\u70b9\u3002\u5386\u53f2\u544a\u8bc9\u6211\u4eec\uff0c\u98ce\u9669\u5e38\u5e38\u9690\u85cf\u5728\u4f8b\u884c\u516c\u4e8b\u4e2d\u3002<\/p>\n<h3>\u4f8b\u884c\u8d4e\u56de\uff0c\u9690\u85cf\u7684\u8106\u5f31\u6027<\/h3>\n<p>\u5265\u53bb\u5b89\u6170\u6027\u7684\u63aa\u8f9e\uff0c\u5c31\u80fd\u770b\u5230\u8fd0\u4f5c\u7684\u5404\u4e2a\u73af\u8282\u3002ING \u8868\u793a\u5c06\u5728\u5408\u7ea6\u8d4e\u56de\u65e5\u8d4e\u56de 4 \u4ebf\u7f8e\u5143\u7684\u6d6e\u52a8\u5229\u7387 Senior Notes \u548c 11 \u4ebf\u7f8e\u5143\u7684 1.726% \u56fa\u8f6c\u6d6e Senior Notes\u3002\u5b83\u8fd8\u83b7\u5f97\u4e86 ECB \u7684\u76d1\u7ba1\u8bb8\u53ef\uff0c\u53ef\u4ee5\u5728 2026 \u5e74 5 \u6708\u91cd\u8bbe\u65f6\u8d4e\u56de 15 \u4ebf\u6b27\u5143\u3001\u7968\u606f\u4e3a 2.125% \u7684 Tier 2\u3002\u628a\u65e9\u5148\u7684\u64cd\u4f5c\u52a0\u8fdb\u53bb\uff0c\u5c31\u80fd\u770b\u5230\u4e00\u4e2a\u6a21\u5f0f\uff1aING \u5728 2025 \u5e74 7 \u6708 1 \u65e5\u8d4e\u56de\u4e86\u5230\u671f\u65e5\u4e3a 2026 \u5e74\u7684\u53ef\u8d4e\u56de Senior Notes 10 \u4ebf\u7f8e\u5143\u3001\u5728 2025 \u5e74 8 \u6708\u8d4e\u56de\u4e86\u53e6\u4e00\u7b14\u53ef\u8d4e\u56de\u82f1\u9551 3 \u4ebf\u3001\u5e76\u5728 2025 \u5e74 3 \u6708\u8d4e\u56de\u4e86\u53e6\u5916\u4e24\u7b14\u7f8e\u5143\u6279\u6b21\u3002\u8fd9\u91cc\u6ca1\u6709\u4efb\u4f55\u4e1c\u897f\u662f\u5f02\u7c7b\u3002\u7136\u800c\uff0c\u5728 12 \u5230 18 \u4e2a\u6708\u7684\u7a97\u53e3\u5185\u5c06\u53ef\u8d4e\u56de\u8d4e\u56de\u96c6\u4e2d\u5728\u591a\u79cd\u8d27\u5e01\u548c\u683c\u5f0f\u4e0a\uff0c\u4f1a\u653e\u5927\u51b3\u7b56\u98ce\u9669\u3002\u4f60\u662f\u5728\u9009\u62e9\u4ee5\u5f53\u5929\u51fa\u73b0\u7684\u4efb\u4f55\u5229\u5dee\u673a\u5236\u6765\u518d\u878d\u8d44\u3002<\/p>\n<h3>\u53ef\u8d4e\u56de\u503a\u52a1\u662f\u5bf9\u6d41\u52a8\u6027\u7684\u77ed\u671f\u5356\u51fa\u671f\u6743<\/h3>\n<p>\u94f6\u884c\u7684\u8d4e\u56de\u662f\u4e00\u4e2a\u7ecf\u6d4e\u9009\u62e9\u3002\u8fd9\u8981\u6c42\u624b\u5934\u6709\u73b0\u91d1\u6216\u80fd\u4ee5\u53ef\u63a5\u53d7\u7684\u6761\u6b3e\u83b7\u5f97\u66ff\u4ee3\u878d\u8d44\u3002\u60f3\u8c61\u4e00\u4e2a\u538b\u529b\u5bb9\u5668\u3002\u5728\u6b63\u5e38\u538b\u529b\u4e0b\u6253\u5f00\u9600\u95e8\u6ca1\u95ee\u9898\uff1b\u5728\u538b\u529b\u9aa4\u589e\u65f6\u6253\u5f00\u53ef\u80fd\u4f1a\u6495\u88c2\u7cfb\u7edf\u3002\u6cd5\u5f8b\u4ece\u4e1a\u8005\u5bf9\u6b64\u6709\u66f4\u76f4\u767d\u7684\u8bf4\u6cd5\uff1a\u4e92\u76f8\u51b2\u7a81\u7684\u8d4e\u56de\u65f6\u95f4\u7ebf\u4f1a\u8feb\u4f7f\u5728\u9519\u8bef\u7684\u65f6\u95f4\u51fa\u552e\u8d44\u4ea7\u3002\u5bf9\u4e8e\u94f6\u884c\u6765\u8bf4\uff0c\u540c\u6837\u7684\u6570\u5b66\u5173\u7cfb\u6210\u7acb\u3002\u5982\u679c\u6279\u53d1\u5e02\u573a\u7545\u901a\uff0c\u8d4e\u56de\u662f\u5ec9\u4ef7\u7684\u4fe1\u53f7\uff1b\u5982\u679c\u5229\u5dee\u663e\u8457\u6269\u5927\u6216\u53d1\u884c\u7a97\u53e3\u6536\u7a84\uff0c\u8d4e\u56de\u4f1a\u6d88\u8017\u6d41\u52a8\u6027\uff0c\u6216\u5728\u88ab\u653e\u5f03\u65f6\u6210\u4e3a\u538b\u529b\u4fe1\u53f7\u3002\u6295\u8d44\u8005\u5f80\u5f80\u5fd8\u8bb0\u94f6\u884c\u62e5\u6709\u4e00\u4e2a\u6709\u4ef7\u503c\u7684\u7f8e\u5f0f\u671f\u6743\uff1a\u5f53\u5e02\u573a\u826f\u597d\uff0c\u5b83\u5c31\u4f1a\u884c\u4f7f\uff1b\u5f53\u5e02\u573a\u7cdf\u7cd5\uff0c\u5b83\u5c31\u4e0d\u4f1a\u884c\u4f7f\u3002\u8fd9\u79cd\u4e0d\u5bf9\u79f0\u4e0d\u662f\u5076\u7136\uff0c\u800c\u662f\u672c\u8d28\u6240\u5728\u3002<\/p>\n<h3>\u5386\u53f2\u4e0a\u7684\u4e70\u5bb6\u7f62\u5e02\u4e0e\u5c55\u671f\u8c2c\u8bef<\/h3>\n<p>\u6211\u4eec\u5df2\u7ecf\u89c1\u8bc6\u5230\u6d41\u52a8\u6027\u5047\u8bbe\u7834\u88c2\u7684\u901f\u5ea6\u30022008 \u5e74\uff0c\u8d27\u5e01\u5e02\u573a\u57fa\u91d1\u7684\u4e70\u5bb6\u7f62\u5e02\u5207\u65ad\u4e86\u5546\u4e1a\u7968\u636e\u7684\u9700\u6c42\u3002\u672c\u6765\u603b\u80fd\u5c55\u671f\u77ed\u671f\u503a\u52a1\u7684\u516c\u53f8\u7a81\u7136\u65e0\u6cd5\u505a\u5230\u30022020 \u5e74\uff0cECB \u5173\u4e8e\u4e89\u76f8\u5957\u73b0\uff08dash for cash\uff09\u7684\u8bb0\u8ff0\u9610\u660e\u4e86\u8584\u5f31\u7f13\u51b2\u3001\u6760\u6746\u548c\u8ffd\u52a0\u4fdd\u8bc1\u91d1\u5982\u4f55\u901a\u8fc7\u7f51\u7edc\u6548\u5e94\u87ba\u65cb\u5f0f\u5730\u6f14\u5316\u4e3a\u7cfb\u7edf\u6027\u538b\u529b\u3002\u8fd9\u4e2a\u6559\u8bad\u5e76\u975e\u9648\u65e7\uff0c\u5b83\u540c\u6837\u9002\u7528\u4e8e\u53ef\u8d4e\u56de\u503a\u5238\u3002\u5728\u57fa\u672c\u60c5\u666f\u4e0b\u770b\u4f3c\u4f8b\u884c\u7684\u8d4e\u56de\uff0c\u5728\u6781\u7aef\u5de6\u5c3e\u60c5\u666f\u4e0b\u53ef\u80fd\u6210\u4e3a\u52a0\u901f\u5668\u3002\u4e00\u4e2a\u6709\u7740\u96c6\u4e2d\u8d4e\u56de\u65e5\u671f\u7684\u94f6\u884c\u9762\u4e34\u7740\u4e0e\u5e02\u573a\u7684\u534f\u8c03\u95ee\u9898\uff1a\u5728\u540c\u4e00\u5929\u3001\u4ee5\u5408\u9002\u7684\u4ef7\u683c\u3001\u5728\u4e0d\u540c\u8d27\u5e01\u95f4\uff0c\u662f\u5426\u4f1a\u6709\u8db3\u591f\u65b0\u7684\u4e70\u5bb6\u51fa\u73b0\uff0c\u800c\u5176\u4ed6\u4eba\u4e5f\u5728\u5c1d\u8bd5\u505a\u540c\u6837\u7684\u4e8b\u60c5\uff1f\u5f53\u7b54\u6848\u662f\u5426\u5b9a\u65f6\uff0c\u5e02\u503c\u635f\u5931\u53ea\u662f\u4e00\u4e2a\u95ee\u9898\uff0c\u4fe1\u53f7\u4f20\u9012\u7684\u4ee3\u4ef7\u66f4\u5927\u3002<\/p>\n<h3>\u94f6\u884c\u8d4e\u56de\u7684\u535a\u5f08\u8bba<\/h3>\n<p>\u7528\u535a\u5f08\u8bba\u6765\u6846\u5b9a\u8d4e\u56de\u51b3\u7b56\uff0c\u5c31\u662f\u4e00\u4e2a\u534f\u8c03\u5747\u8861\u95ee\u9898\u3002\u5982\u679c\u5e02\u573a\u9884\u671f\u4f1a\u8d4e\u56de\u800c\u94f6\u884c\u4e0d\u8d4e\u56de\uff0c\u6295\u8d44\u8005\u4f1a\u63a8\u65ad\u51fa\u94f6\u884c\u75b2\u5f31\u5e76\u6269\u5927\u5229\u5dee\uff1b\u5982\u679c\u5e02\u573a\u9884\u671f\u4e0d\u4f1a\u8d4e\u56de\u800c\u94f6\u884c\u8d4e\u56de\uff0c\u6d41\u52a8\u6027\u4f1a\u6536\u7d27\u3001\u8d44\u4ea7\u8d1f\u503a\u8868\u7075\u6d3b\u6027\u4f1a\u6536\u7a84\u3002\u6b27\u6d32\u94f6\u884c\u5df2\u6709\u6b64\u7c7b\u7ecf\u9a8c\u30022019 \u5e74\u7684\u4e00\u4e9b AT1 \u5728\u7ecf\u6d4e\u4e0a\u4e0d\u652f\u6301\u66ff\u6362\u65f6\u672a\u88ab\u8d4e\u56de\uff0c\u8fd9\u8bc1\u660e\u201c\u603b\u662f\u8d4e\u56de\u201d\u53ea\u662f\u4e00\u4e2a\u8bf4\u6cd5\uff0c\u800c\u4e0d\u662f\u89c4\u5219\u30022023 \u5e74\u7684 Credit Suisse \u4e8b\u4ef6\u63d0\u9192\u5927\u5bb6\uff0c\u8d44\u672c\u8d44\u672c\u5de5\u5177\u8868\u73b0\u5f97\u50cf\u635f\u5931\u5438\u6536\u5668\uff0c\u800c\u4e0d\u662f\u50a8\u84c4\u8d26\u6237\u3002Senior \u4e0e Tier 2 \u662f\u4e0d\u540c\u7684\u54c1\u7c7b\uff0c\u4f46\u5b8f\u89c2\u6559\u8bad\u76f8\u540c\u3002\u53d1\u884c\u4eba\u4f1a\u5728\u878d\u8d44\u6210\u672c\u3001\u76d1\u7ba1\u8ba4\u53ef\u4e0e\u5916\u90e8\u5f62\u8c61\u4e4b\u95f4\u4f18\u5316\uff1b\u6295\u8d44\u8005\u5219\u4e3a\u67d0\u79cd\u5047\u8bbe\u5b9a\u4ef7\u3002\u5f53\u4e24\u8005\u5206\u6b67\u65f6\uff0c\u5c31\u6709\u4eba\u8981\u4e3a\u6ce2\u52a8\u6027\u4ed8\u51fa\u4ee3\u4ef7\u3002<\/p>\n<h3>\u76d1\u7ba1\u8d44\u672c\u7684\u7b97\u672f\u5e38\u5e38\u63a8\u52a8\u63d0\u524d\u8d4e\u56de<\/h3>\n<p>\u7ed3\u6784\u6027\u539f\u56e0\u4f7f\u94f6\u884c\u503e\u5411\u4e8e\u5728\u9996\u6b21\u8d4e\u56de\u65e5\u884c\u4f7f\u8d4e\u56de\u6743\u3002Tier 2 \u8d44\u672c\u5728\u5269\u4f59\u4e94\u5e74\u5185\u4f1a\u4e3a\u76d1\u7ba1\u8ba4\u53ef\u800c\u8fdb\u884c\u644a\u9500\u3002\u56fa\u8f6c\u6d6e\u7684\u91cd\u8bbe\u53ef\u80fd\u5305\u542b\u7968\u606f\u4e0a\u8c03\u6216\u5207\u6362\u5230\u67d0\u4e2a\u53c2\u8003\u5229\u7387\u52a0\u5229\u5dee\uff0c\u8fd9\u53ef\u80fd\u6bd4\u53d1\u884c\u65b0\u503a\u66f4\u6602\u8d35\u3002MREL \u548c TLAC \u76ee\u6807\u4e5f\u4f1a\u5c06\u53d1\u884c\u5bfc\u5411\u53ef\u4ee5\u5145\u5206\u8ba1\u5165\u7684\u5f53\u524d\u5e74\u4efd\u503a\u5238\u3002\u76d1\u7ba1\u673a\u6784\u5bf9\u8d4e\u56de\uff0c\u5c24\u5176\u662f\u6b21\u7ea7\u503a\uff0c\u8981\u6c42\u8bb8\u53ef\uff0c\u5e76\u671f\u5f85\u201c\u7ecf\u6d4e\u57fa\u7840\u201d\u903b\u8f91\u3002\u8fd9\u4e2a\u77ed\u8bed\u627f\u62c5\u4e86\u8bb8\u591a\u542b\u4e49\uff1a\u5b83\u610f\u5473\u7740\u8d4e\u56de\u4e0d\u662f\u6743\u5229\uff0c\u800c\u662f\u9009\u62e9\u3002\u5982\u679c\u4e3b\u8981\u5e02\u573a\u5728 2026 \u5e74 3\u20135 \u6708\u95f4\u5927\u5e45\u91cd\u65b0\u5b9a\u4ef7\uff0c\u5c40\u9762\u53ef\u80fd\u4ece\u201c\u6574\u7406\u6e05\u7406\u201d\u7ffb\u8f6c\u4e3a\u201c\u5ef6\u957f\u5e76\u7b49\u5f85\u201d\u3002\u628a\u8d4e\u56de\u5f53\u4f5c\u65e2\u6210\u4e8b\u5b9e\u6765\u5efa\u6a21\u7684\u6295\u8d44\u8005\u4f1a\u53d1\u73b0\u6301\u6709\u671f\u548c\u51f8\u6027\u88ab\u5ef6\u957f\uff0c\u800c\u8fd9\u4e9b\u5e76\u672a\u88ab\u5bf9\u51b2\u3002<\/p>\n<h3>ING \u7684\u6a21\u5f0f\u4f20\u9012\u4e86\u600e\u6837\u7684\u878d\u8d44\u59ff\u6001\u4fe1\u53f7<\/h3>\n<p>\u628a\u65b0\u95fb\u7a3f\u4e0e\u8fd1\u671f\u6d3b\u52a8\u5e76\u7f6e\uff0c\u4f60\u4f1a\u770b\u5230\u4e00\u5bb6\u504f\u5411\u9009\u62e9\u6743\u7ba1\u7406\u7684\u94f6\u884c\u3002ING \u5728 2025 \u5e74 7 \u6708\u8d4e\u56de\u4e86 10 \u4ebf\u7f8e\u5143\u3001\u5728 2025 \u5e74 8 \u6708\u8d4e\u56de\u4e86 3 \u4ebf\u82f1\u9551\uff0c\u5e76\u5728 2025 \u5e74 3 \u6708\u8d4e\u56de\u4e86\u53e6\u5916\u4e24\u7b14\u7f8e\u5143\u6279\u6b21\uff0c\u518d\u5230\u4eca\u5929\u516c\u5e03\u7684 2026 \u5e74 4 \u6708\u548c 5 \u6708\u8ba1\u5212\u3002\u5bf9\u8be5\u96c6\u56e2\u89c4\u6a21\u800c\u8a00\uff0c\u8fd9\u4e9b\u91d1\u989d\u5e76\u975e\u81f4\u547d\u3002\u4f46\u5e8f\u5217\u5f88\u6709\u610f\u4e49\u3002\u591a\u5e01\u79cd\u3001\u8de8\u7b49\u7ea7\u7684\u8d4e\u56de\u6536\u7f29\u4e86\u524d\u878d\u8d44\u65f6\u95f4\u8868\uff0c\u5e76\u6d4b\u8bd5\u4e86\u7f8e\u5143\u3001\u6b27\u5143\u548c\u82f1\u9551\u6295\u8d44\u8005\u57fa\u7840\u7684\u5e7f\u5ea6\u3002\u5982\u679c\u5e02\u573a\u7ef4\u6301\u826f\u597d\uff0c\u8fd9\u662f\u806a\u660e\u7684\u8d44\u4ea7\u8d1f\u503a\u7ba1\u7406\uff1b\u5982\u679c\u5229\u5dee\u518d\u5ea6\u4e0a\u626c\u6216\u53d1\u884c\u7a97\u53e3\u98a4\u6296\uff0c\u8fd9\u4e00\u8ba1\u5212\u4f1a\u903c\u51fa\u4e8c\u5143\u9009\u62e9\uff1a\u8981\u4e48\u4ee5\u60e9\u7f5a\u6027\u7684\u6c34\u5e73\u878d\u8d44\uff0c\u8981\u4e48\u63a8\u8fdf\u5e76\u627f\u62c5\u4fe1\u53f7\u6210\u672c\u3002\u4e24\u8005\u90fd\u4e0d\u4f1a\u8ba9\u94f6\u884c\u7834\u4ea7\uff1b\u4f46\u90fd\u53ef\u80fd\u901a\u8fc7\u63d0\u9ad8\u8d44\u91d1\u6210\u672c\u6216\u635f\u5bb3\u4fe1\u8a89\u800c\u4fb5\u8680\u80a1\u672c\u4ef7\u503c\u3002\u8fd9\u5c31\u662f\u770b\u4e0d\u89c1\u7684\u8106\u5f31\u6027\uff1a\u4e00\u4e2a\u4f4e\u6982\u7387\u3001\u9ad8\u51b2\u51fb\u7684\u5206\u652f\uff0c\u5728\u884c\u60c5\u7eff\u706f\u65f6\u5bb9\u6613\u88ab\u5ffd\u89c6\u3002<\/p>\n<h3>\u6295\u8d44\u8005\u5fc3\u7406\u4e0e\u88ab\u4f4e\u4f30\u7684\u671f\u6743<\/h3>\n<p>\u8bb8\u591a\u4e70\u65b9\u6a21\u578b\u5047\u5b9a\u4f1a\u5728\u9996\u6b21\u8d4e\u56de\u65e5\u884c\u4f7f\u8d4e\u56de\u6743\u2014\u2014\u8fd9\u53ea\u662f\u4e00\u4e2a\u4fbf\u5229\uff0c\u800c\u975e\u5b9a\u5f8b\u3002\u8fd9\u6837\u4f1a\u4f4e\u4f30\u53d1\u884c\u4eba\u7684\u671f\u6743\u4ef7\u503c\uff0c\u4f7f\u6295\u8d44\u7ec4\u5408\u5bf9\u6d41\u52a8\u6027\u6ce2\u52a8\u66b4\u9732\u8fc7\u5927\u3002\u5f53\u8d4e\u56de\u88ab\u63a8\u8fdf\uff0c\u4e45\u671f\u5ef6\u957f\uff0c\u5bf9\u51b2\u5931\u6548\u3002\u56fa\u8f6c\u6d6e\u655e\u53e3\u5728\u91cd\u8bbe\u65f6\u4f1a\u5207\u6362\u53c2\u8003\u5229\u7387\uff1b\u4e0d\u8d4e\u56de\u4f1a\u628a\u4e00\u6b21\u6574\u6d01\u7684\u5c55\u671f\u53d8\u4e3a\u8d44\u4ea7\u8d1f\u503a\u7ba1\u7406\u56e2\u961f\u7684\u6d41\u52a8\u76ee\u6807\u3002\u5e02\u573a\u62e5\u6324\u4e5f\u4f1a\u4f7f\u4eba\u7fa4\u805a\u96c6\u5728\u76f8\u540c\u7684\u5230\u671f\u5899\uff0c\u628a\u8d4e\u56de\u4e0e\u65b0\u53d1\u6324\u5728\u540c\u51e0\u5468\u3002\u5de5\u7a0b\u5b66\u4e0a\uff0c\u5171\u7528\u9690\u542b\u7684\u5e38\u6a21\u4f1a\u5bfc\u81f4\u5197\u4f59\u7cfb\u7edf\u5931\u6548\uff1b\u5728\u5e02\u573a\u4e0a\uff0c\u5171\u540c\u6a21\u5f0f\u5c31\u662f\u65e5\u5386\u3002\u6cbb\u7597\u65b9\u6cd5\u5199\u8d77\u6765\u7b80\u5355\u5374\u96be\u4ee5\u6267\u884c\uff1a\u5bf9\u53ef\u9009\u6027\u5b9a\u4ef7\uff0c\u800c\u4e0d\u662f\u5bf9\u53d9\u4e8b\u5b9a\u4ef7\u3002\u95ee\u4e00\u95ee\u5982\u679c\u8df3\u8fc7\u8d4e\u56de\u4f1a\u600e\u6837\uff0c\u95ee\u4e00\u95ee\u4f60\u662f\u5426\u613f\u610f\u5728\u91cd\u8bbe\u5229\u7387\u548c\u65b0\u671f\u9650\u4e0b\u63a5\u53d7\u8be5\u503a\u5238\u3002\u5927\u591a\u6570\u4eba\u76f4\u5230\u4e3a\u65f6\u5df2\u665a\u624d\u4f1a\u63d0\u51fa\u8fd9\u4e9b\u95ee\u9898\u3002<\/p>\n<h3>\u53cd\u8106\u5f31\u80dc\u8fc7\u613f\u666f<\/h3>\n<p>\u53cd\u8106\u5f31\u7684\u878d\u8d44\u770b\u8d77\u6765\u4e4f\u5473\uff1a\u9519\u843d\u7684\u5230\u671f\u65e5\u3001\u524d\u878d\u8d44\u7a97\u53e3\u3001\u5b81\u613f\u653e\u5f03\u4fbf\u5b9c\u7684\u9009\u62e9\u6743\u4e5f\u4e0d\u4e3a\u8ffd\u6c42\u5916\u90e8\u5f62\u8c61\u800c\u884c\u4f7f\u3002\u5bf9\u6295\u8d44\u8005\u800c\u8a00\uff0c\u53cd\u8106\u5f31\u610f\u5473\u7740\u907f\u514d\u62e5\u6324\u7684\u5c55\u671f\u65e5\u671f\u3001\u6253\u6298\u5904\u7406\u9996\u6b21\u8d4e\u56de\u7684\u786e\u5b9a\u6027\u3001\u5e76\u6309\u89c4\u6a21\u5efa\u4ed3\uff0c\u8ba9\u672a\u8d4e\u56de\u6210\u4e3a\u9ebb\u70e6\u800c\u975e\u707e\u96be\u3002\u65b0\u95fb\u7a3f\u4e2d\u7684\u63aa\u8f9e\u662f\u6807\u51c6\u7684\uff1a\u5c06\u57fa\u4e8e\u7ecf\u6d4e\u7406\u7531\u4f5c\u51fa\u51b3\u5b9a\uff0c\u5e76\u53d7\u5e02\u573a\u72b6\u51b5\u4e0e\u76d1\u7ba1\u6279\u51c6\u7ea6\u675f\u3002\u5c31\u6309\u5b57\u9762\u7406\u89e3\uff1a\u8d4e\u56de\u4e0d\u662f\u627f\u8bfa\uff0c\u800c\u662f\u53d6\u51b3\u4e8e\u5929\u6c14\u7684\u8ba1\u5212\u3002\u5f53\u6f6e\u6c34\u9000\u53bb\uff0c\u6d41\u52a8\u6027\u5c5e\u4e8e\u90a3\u4e9b\u6628\u5929\u5c31\u4e3a\u5b83\u5b9a\u4ef7\u7684\u4eba\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5256\u6790\u94f6\u884c\u50ac\u6536\u4e0e\u53ef\u8d4e\u56de\u503a\u52a1\u5728\u91d1\u878d\u5e02\u573a\u4e2d\u9690\u853d\u98ce\u9669\u7684\u76d8\u6839\u9519\u8282\u3002<\/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":[766,522],"class_list":["post-620084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news-zh-hans","tag-766","tag-522"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/620084","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=620084"}],"version-history":[{"count":0,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/620084\/revisions"}],"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=620084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=620084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=620084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}