{"id":562147,"date":"2025-01-03T19:15:23","date_gmt":"2025-01-04T03:15:23","guid":{"rendered":"https:\/\/nai500.com\/blog\/2025\/01\/%e7%be%8e%e8%82%a1%e7%89%9b%e5%b8%82%e9%9d%a2%e4%b8%b4%e4%b8%80%e4%b8%aa%e6%9c%80%e5%a4%a7%e6%8c%91%e6%88%98%e5%8f%af%e8%83%bd%e5%bc%95%e5%8f%91%e6%9b%b4%e6%b7%b1%e7%9a%84%e8%82%a1%e5%b8%82%e8%b0%83\/"},"modified":"2025-01-03T19:15:58","modified_gmt":"2025-01-04T03:15:58","slug":"%e7%be%8e%e8%82%a1%e7%89%9b%e5%b8%82%e9%9d%a2%e8%87%a8%e4%b8%80%e5%80%8b%e6%9c%80%e5%a4%a7%e6%8c%91%e6%88%b0%e5%8f%af%e8%83%bd%e5%bc%95%e7%99%bc%e6%9b%b4%e6%b7%b1%e7%9a%84%e8%82%a1%e5%b8%82%e8%aa%bf","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2025\/01\/%e7%be%8e%e8%82%a1%e7%89%9b%e5%b8%82%e9%9d%a2%e8%87%a8%e4%b8%80%e5%80%8b%e6%9c%80%e5%a4%a7%e6%8c%91%e6%88%b0%e5%8f%af%e8%83%bd%e5%bc%95%e7%99%bc%e6%9b%b4%e6%b7%b1%e7%9a%84%e8%82%a1%e5%b8%82%e8%aa%bf\/","title":{"rendered":"\u7f8e\u80a1\u725b\u5e02\u9762\u81e8\u4e00\u500b\u6700\u5927\u6311\u6230\uff0c \u53ef\u80fd\u5f15\u767c\u66f4\u6df1\u7684\u80a1\u5e02\u8abf\u6574"},"content":{"rendered":"<p>\u5118\u7ba1\u7f8e\u570b\u80a1\u5e022024\u5e74\u8868\u73fe\u5f37\u52c1\uff0c\u4f46\u904e\u53bb\u4e00\u5468\u8868\u73fe\u75b2\u8edf\u3002\u6578\u64da\u986f\u793a\uff0c\u9031\u4e94\u9053\u74ca\u65af\u5de5\u696d\u5e73\u5747\u6307\u6578\u4e0a\u6f320.8%\uff0c\u7d50\u675f\u4e86\u4e94\u9023\u8dcc\uff1b\u6a19\u666e500\u6307\u6578\u4e0a\u6f32\u8fd11.3%\uff0c\u7d0d\u65af\u9054\u514b\u7d9c\u5408\u6307\u6578\u4e0a\u6f32\u8fd11.8%\u3002\u7136\u800c\uff0c\u96a8\u8457\u7f8e\u570b\u570b\u50b5\u6536\u76ca\u7387\u6301\u7e8c\u4e0a\u5347\uff0c\u672a\u4f86\u5e02\u5834\u9762\u81e8\u7684\u4e0d\u78ba\u5b9a\u6027\u4ecd\u7136\u5f88\u9ad8\u3002<\/p>\n<p>12\u6708\u7f8e\u570b\u570b\u50b5\u6536\u76ca\u7387\u7684\u6025\u5287\u4e0a\u5347\u5c0d\u5373\u5c07\u4e0a\u4efb\u7684\u7279\u6717\u666e\u653f\u5e9c\u69cb\u6210\u56b4\u5cfb\u6311\u6230\u3002\u7136\u800c\uff0c\u66f4\u8feb\u5207\u7684\u554f\u984c\u53ef\u80fd\u51fa\u73fe\u57281\u670820\u65e5\u7684\u5c31\u8077\u65e5\uff1a\u5982\u4f55\u7de9\u89e3\u83ef\u723e\u8857\u5c0d\u7279\u6717\u666e\u201c\u4fc3\u589e\u9577\u201d\u8b70\u7a0b\u53ef\u80fd\u52a0\u5287\u7f8e\u570b\u50b5\u52d9\u8ca0\u64d4\u7684\u64d4\u6182\u3002<\/p>\n<p>\u7279\u6717\u666e\u5718\u968a\u53ef\u80fd\u9700\u8981\u82b1\u8cbb\u5927\u91cf\u7cbe\u529b\u53bb\u8aaa\u670d\u90a3\u4e9b\u5c0e\u81f4\u8fd1\u671f\u7f8e\u570b\u570b\u50b5\u62cb\u552e\u7684\u201c\u50b5\u5238\u8b66\u60d5\u8005\u201d\uff0c\u8b93\u4ed6\u5011\u76f8\u4fe1\u7f8e\u570b\u8ca1\u653f\u524d\u666f\u4e0d\u6703\u6025\u5287\u60e1\u5316\u3002<\/p>\n<p>\u4fe1\u8cb8\u7814\u7a76\u6a5f\u69cbCreditSights\u7684\u9996\u5e2d\u7b56\u7565\u5e2bZachary Griffiths\u9818\u5c0e\u7684\u5718\u968a\u5728\u9031\u4e94\u7684\u5831\u544a\u4e2d\u6307\u51fa\uff1a\u201c\u6211\u5011\u8a8d\u70ba\uff0c\u76ee\u524d\u7f8e\u570b\u570b\u50b5\u6536\u76ca\u7387\u4ecd\u6709\u9032\u4e00\u6b65\u4e0a\u6f32\u7684\u7a7a\u9593\u300210\u5e74\u671f\u7f8e\u570b\u570b\u50b5\u6536\u76ca\u7387\u57fa\u6e96\u9031\u4e94\u5347\u81f34.596%\uff0c\u70ba2022\u5e74\u50b5\u5238\u5e02\u5834\u5927\u5e45\u62cb\u552e\u4ee5\u4f86\u7684\u6700\u5927\u5e74\u5ea6\u6f32\u5e45\u3002<\/p>\n<p>\u9019\u4e00\u6536\u76ca\u7387\u6c34\u5e73\u5c0d\u7d93\u6fdf\u5177\u6709\u91cd\u8981\u610f\u7fa9\uff0c\u5b83\u4e5f\u662f\u62b5\u62bc\u8cb8\u6b3e\u3001\u6c7d\u8eca\u8cb8\u6b3e\u548c\u4f01\u696d\u501f\u8cb8\u7684\u57fa\u6e96\u5229\u7387\u3002\u8f03\u9ad8\u7684\u570b\u50b5\u6536\u76ca\u7387\u53ef\u80fd\u6703\u6210\u70ba\u80a1\u5e02\u7684\u9006\u98a8\uff0c\u5b83\u6703\u524a\u5f31\u672a\u4f86\u6536\u76ca\u7684\u73fe\u503c\uff0c\u96e3\u4ee5\u652f\u6490\u9ad8\u4f30\u503c\u3002<\/p>\n<p>Evercore ISI\u7b56\u7565\u5e2b\u6700\u8fd1\u8868\u793a\uff0c\u7f8e\u570b\u570b\u50b5\u6536\u76ca\u7387\u4e0a\u5347\u5c0d\u80a1\u5e02\u725b\u5e02\u69cb\u6210\u6700\u5927\u6311\u6230\uff0c\u4e26\u8b66\u544a\u8aaa\uff0c10\u5e74\u671f\u570b\u50b5\u6536\u76ca\u7387\u8d85\u904e4.75%\u53ef\u80fd\u5f15\u767c\u201c\u66f4\u9577\u6642\u9593\u3001\u66f4\u6df1\u7684\u80a1\u5e02\u8abf\u6574\u201d\u3002<\/p>\n<p>\u8fd1\u671f\u7f8e\u570b\u570b\u50b5\u6536\u76ca\u7387\u66f2\u7dda\u7684\u201c\u718a\u5e02\u9661\u5ced\u5316\u201d\u8868\u660e\uff0c\u5e02\u5834\u4e0d\u50c5\u64d4\u5fc3\u653f\u7b56\u5229\u7387\u53ef\u80fd\u9577\u671f\u4fdd\u6301\u9ad8\u4f4d\uff0c\u800c\u4e14\u5c0d\u7f8e\u570b\u8ca1\u653f\u524d\u666f\u60b2\u89c0\u3002CreditSights\u5718\u968a\u6307\u51fa\uff0c\u5118\u7ba1\u7d93\u6fdf\u610f\u5916\u6307\u6578\u4e0b\u964d\uff0c\u4f46\u7f8e\u570b\u570b\u50b5\u6536\u76ca\u7387\u572812\u6708\u4efd\u4ecd\u5728\u6500\u5347\uff0c\u9019\u8868\u660e\u6536\u76ca\u7387\u4e0a\u5347\u66f4\u591a\u662f\u7531\u65bc\u5c0d\u8d64\u5b57\u76f8\u95dc\u7684\u8ca1\u653f\u653f\u7b56\u7684\u64d4\u6182\uff0c\u800c\u4e0d\u662f\u610f\u5916\u7684\u7d93\u6fdf\u6578\u64da\u3002<\/p>\n<p>Renaissance Macro Research\u7d93\u6fdf\u5b78\u4e3b\u7ba1Neil Dutta\u8a8d\u70ba\uff0c\u6536\u76ca\u7387\u4e0a\u5347\u4e3b\u8981\u662f\u7531\u8d64\u5b57\u64d4\u6182\u3001\u50b5\u52d9\u4f9b\u9700\u5931\u8861\u4ee5\u53ca\u7f8e\u806f\u5132\u7e2e\u6e1b\u8cc7\u7522\u8ca0\u50b5\u8868\u9020\u6210\u7684\u3002\u6b64\u5916\uff0c\u65e5\u672c\u548c\u82f1\u570b\u7b49\u6d77\u5916\u5e02\u5834\u50b5\u5238\u6536\u76ca\u7387\u7684\u4e0a\u5347\u4e5f\u5c0d\u7f8e\u570b\u570b\u50b5\u5e02\u5834\u7522\u751f\u4e86\u6ea2\u51fa\u6548\u61c9\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5118\u7ba1\u7f8e\u570b\u80a1\u5e022024\u5e74\u8868\u73fe\u5f37\u52c1\uff0c\u4f46\u904e\u53bb\u4e00\u5468\u8868\u73fe\u75b2\u8edf\u3002\u6578\u64da\u986f\u793a\uff0c\u9031\u4e94\u9053\u74ca\u65af\u5de5\u696d\u5e73\u5747\u6307\u6578\u4e0a\u6f320.8%\uff0c\u7d50\u675f\u4e86\u4e94\u9023\u8dcc [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":562145,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[426],"tags":[1788,2361,2001,574],"class_list":{"0":"post-562147","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-market-news-zh-hant","8":"tag-1788","9":"tag--zh-hant","11":"tag-574","12":"sectors-financial-products-zh-hant","13":"locations-us-zh-hant","14":"exchange-nasdaq-zh-hant","15":"exchange-nyse-zh-hant"},"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/562147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=562147"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/562147\/revisions"}],"predecessor-version":[{"id":562150,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/562147\/revisions\/562150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/562145"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=562147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=562147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=562147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}