{"id":605300,"date":"2025-11-21T05:43:47","date_gmt":"2025-11-21T13:43:47","guid":{"rendered":"https:\/\/nai500.com\/?p=605300"},"modified":"2025-11-21T05:43:47","modified_gmt":"2025-11-21T13:43:47","slug":"10-11","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2025\/11\/10-11\/","title":{"rendered":"10 \u6a94\u6709\u671b\u53d7\u60e0\u65bc\u623f\u5730\u7522\u91cd\u7f6e\u7684\u4e2d\u570b\u80a1\u7968"},"content":{"rendered":"

\u5317\u4eac\u6b63\u6e96\u5099\u65b0\u4e00\u8f2a\u623f\u5730\u7522\u652f\u6301\u63aa\u65bd\uff0c\u5b98\u54e1\u6b63\u5728\u8a55\u4f30\u5168\u570b\u6027\u7684\u623f\u8cb8\u88dc\u8cbc\u3001\u5c0d\u501f\u6b3e\u4eba\u7684\u7a05\u52d9\u9000\u9084\u4ee5\u53ca\u964d\u4f4e\u4ea4\u6613\u6210\u672c\u3002\u653f\u7b56\u610f\u5716\u660e\u78ba\uff1a\u7a69\u4f4f\u4f4f\u623f\u5e02\u5834\u3001\u66a2\u901a\u4ea4\u6613\u4e26\u91cd\u5efa\u4fe1\u5fc3\uff0c\u540c\u6642\u6291\u5236\u6295\u6a5f\u3002\u9019\u7a2e\u6709\u91dd\u5c0d\u6027\u7684\u91cd\u555f\u4e0d\u50c5\u80fd\u963b\u6b62\u4e0b\u6ed1\uff0c\u9084\u80fd\u89e3\u9396\u66f4\u5ee3\u6cdb\u7684\u570b\u5167\u9700\u6c42\u91cd\u7f6e\uff0c\u63a8\u52d5\u9280\u884c\u3001\u6d88\u8cbb\u5e73\u53f0\u4ee5\u53ca\u4e2d\u570b\u7684\u7da0\u8272\u7522\u696d\u93c8\u5728 2025 \u5e74\u524d\u5f8c\u56de\u5347\u3002\u6b63\u5982 Morningstar \u7684 Jeff Zhang \u6240\u8a00\uff0c\u964d\u4f4e\u7a05\u8cbb\u61c9\u80fd\u9069\u5ea6\u523a\u6fc0\u8cfc\u8cb7\u6d3b\u52d5\uff0c\u96a8\u8457\u50f9\u683c\u7a69\u5b9a\uff0c\u4fe1\u5fc3\u4ea6\u6703\u56de\u5347\u3002\u9019\u7a2e\u614b\u52e2\u652f\u6301\u6230\u8853\u6027\u8f2a\u52d5\u81f3\u90a3\u4e9b\u80fd\u628a\u653f\u7b56\u660e\u6717\u5316\u8f49\u5316\u70ba\u76c8\u9918\u69d3\u687f\u7684\u9ad8\u54c1\u8cea\u4e2d\u570b\u9f8d\u982d\u3002<\/p>\n

\u5177\u4e2d\u570b\u7279\u8272\u7684\u653f\u7b56\u8f49\u5411<\/h3>\n

\u4e0b\u4e00\u6ce2\u4f4f\u623f\u652f\u6301\u8a2d\u8a08\u4e0a\u8981\u505a\u5230\u7cbe\u6e96\u3002\u623f\u8cb8\u5229\u606f\u88dc\u8cbc\u6703\u964d\u4f4e\u65b0\u589e\u501f\u8cb8\u7684\u5be6\u969b\u6210\u672c\uff0c\u5438\u5f15\u89c0\u671b\u8005\u91cd\u8fd4\u5e02\u5834\u3002\u63d0\u9ad8\u623f\u8cb8\u6301\u6709\u4eba\u7684\u6240\u5f97\u7a05\u9000\u9084\u3001\u6e1b\u514d\u5951\u7a05\u6216\u4ea4\u6613\u8cbb\u7528\uff0c\u6703\u5728\u6210\u4ea4\u7aef\u653e\u5927\u9019\u7a2e\u6548\u679c\u3002\u9019\u5ef6\u7e8c\u4e86\u53bb\u5e74\u7684\u53d6\u6d88\u5168\u570b\u623f\u8cb8\u5229\u7387\u4e0b\u9650\u6c7a\u5b9a\uff0c\u4ee5\u53ca\u8fd1\u671f\u5317\u4eac\u3001\u4e0a\u6d77\u548c\u6df1\u5733\u653e\u5bec\u8cfc\u623f\u898f\u5247\u7684\u505a\u6cd5\u3002\u6838\u5fc3\u7406\u5ff5\u4ecd\u662f\u300c\u623f\u4f4f\u4e0d\u7092\u300d\uff1a\u63a8\u52d5\u5b8c\u5de5\u3001\u4fc3\u9032\u53ef\u8ca0\u64d4\u6027\uff0c\u4e26\u628a\u69d3\u687f\u7d81\u5b9a\u65bc\u5be6\u969b\u6536\u5165\u3002\u6642\u6a5f\u5f88\u91cd\u8981\u3002\u591a\u500b\u8fa6\u516c\u5ba4\u9810\u671f\u5728 2025 \u5e74\u521d\u53ef\u898b\u5230\u660e\u986f\u843d\u5730\uff0c\u8207\u8ca8\u5e63\u653f\u7b56\u7684\u64cd\u4f5c\u7a7a\u9593\u53ca\u4e00\u500b\u53ef\u9054\u6210\u7684 2025 \u5e74\u6210\u9577\u76ee\u6a19\u76f8\u5354\u8abf\u3002<\/p>\n

\u70ba\u4f55\u9019\u5c0d\u4fe1\u7528\u3001\u9280\u884c\u8207\u4fe1\u5fc3\u91cd\u8981<\/h3>\n

\u8584\u5f31\u74b0\u7bc0\u4e00\u76f4\u662f\u4fe1\u5fc3\u8207\u73fe\u91d1\u6d41\uff0c\u800c\u975e\u4fe1\u8cb8\u6a5f\u5236\u672c\u8eab\u3002\u5bb6\u5ead\u53bb\u69d3\u687f\u8207\u75b2\u5f31\u7684\u50f9\u683c\u9810\u671f\u8b93\u8cb7\u65b9\u5373\u4fbf\u5728\u5229\u7387\u4e0b\u964d\u6642\u4ecd\u9078\u64c7\u9000\u51fa\u3002\u623f\u8cb8\u88dc\u8cbc\u8207\u964d\u4f4e\u4ea4\u6613\u6469\u64e6\u76f4\u63a5\u91dd\u5c0d\u9019\u7a2e\u884c\u70ba\u7f3a\u53e3\u3002\u9019\u5c0d\u5927\u578b\u570b\u6709\u63a7\u80a1\u9280\u884c\u5c24\u70ba\u6709\u5229\u3002ICBC \u4f5c\u70ba\u5168\u7403\u8cc7\u7522\u898f\u6a21\u6700\u5927\u7684\u9280\u884c\uff0c\u5728\u904e\u53bb 12 \u500b\u6708\u5927\u7d04\u5275\u9020\u4e86 510 \u5104\u7f8e\u5143\u7684\u6de8\u5229\uff0c\u63d0\u4f9b\u8db3\u5920\u7de9\u885d\u4ee5\u5438\u6536\u9031\u671f\u566a\u97f3\u4e26\u8cc7\u52a9\u5b8c\u5de5\u3002Fitch \u8b66\u544a\u82e5\u623f\u5e02\u62d6\u5165\u660e\u5e74\u53ef\u80fd\u5c0d\u8cc7\u7522\u8cea\u91cf\u65bd\u58d3\uff0c\u4f46\u7cfb\u7d71\u6027\u7684\u5099\u62b5\u3001\u653f\u7b56\u5f8c\u76fe\u4ee5\u53ca\u4f86\u81ea\u652f\u4ed8\u8207\u7406\u8ca1\u7522\u54c1\u7684\u8cbb\u7528\u6536\u5165\u4e0a\u5347\uff0c\u90fd\u5275\u9020\u4e86\u97cc\u6027\u3002\u5982\u679c\u623f\u8cb8\u63d0\u524d\u9084\u6b3e\u7387\u653e\u7de9\u4e14\u65b0\u627f\u4f5c\u7a69\u5b9a\uff0c\u6de8\u5229\u5dee\u53ef\u671b\u6b62\u8dcc\u56de\u7a69\u3002\u9019\u4fbf\u662f\u9280\u884c\u5229\u6f64\u5728\u4ea4\u6613\u91cf\u6b63\u5e38\u5316\u6642\u4fdd\u6301\u7a69\u5065\u7684\u6838\u5fc3\u591a\u982d\u8ad6\u64da\u3002<\/p>\n

\u5b8f\u89c0\u63a8\u529b\u8207\u5168\u7403\u6ea2\u51fa\u6548\u61c9<\/h3>\n

\u623f\u5e02\u91cd\u7f6e\u914d\u5408\u6301\u7e8c\u7684\u88fd\u9020\u696d\u8cc7\u672c\u652f\u51fa\uff0c\u52a0\u5f37\u4e86\u4e2d\u570b\u5728\u96fb\u52d5\u8eca\u3001\u96fb\u6c60\u8207\u592a\u967d\u80fd\u65b9\u9762\u7684\u6bd4\u8f03\u512a\u52e2\u3002\u9019\u91cd\u8981\u7684\u539f\u56e0\u5728\u65bc\uff0c\u51fa\u53e3\u589e\u9577\u7684\u9019\u4e09\u9805\u80fd\u70ba\u5168\u7403\u5e36\u4f86\u901a\u81a8\u56de\u843d\u8207\u80fd\u6e90\u5b89\u5168\u3002BYD \u5728\u6b50\u6d32\u7684\u64f4\u5f35\u8207 CATL \u7684\u96fb\u7db2\u5132\u80fd\u63a8\u52d5\u5c55\u793a\u4e86\u570b\u5167\u653f\u7b56\u660e\u6717\u5982\u4f55\u89e3\u9396\u6d77\u5916\u66f4\u9ad8\u50f9\u503c\u7684\u71df\u6536\u3002\u7a69\u5b9a\u7684\u623f\u5730\u7522\u6295\u8cc7\u4e5f\u652f\u6490\u4e0a\u6e38\u5c0d\u6c34\u6ce5\u3001\u92fc\u6750\u8207\u5bb6\u96fb\u7684\u9700\u6c42\uff0c\u540c\u6642\u96fb\u7db2\u8207\u6838\u80fd\u7684\u5efa\u8a2d\u4fdd\u6301\u5de5\u5ee0\u7528\u96fb\u7684\u53ef\u9760\u6027\u8207\u4f4e\u6210\u672c\u3002\u5c0d\u65bc\u4f9d\u8cf4\u4e2d\u570b\u9032\u53e3\u9700\u6c42\u8207\u4f9b\u61c9\u93c8\u8a02\u55ae\u7684\u65b0\u8208\u5e02\u5834\u800c\u8a00\uff0c\u570b\u5167\u8a2d\u4e0b\u7684\u5e95\u90e8\u53ef\u63a8\u52d5\u540c\u6b65\u6027\u5fa9\u7526\u3002\u96a8\u8457\u4e00\u7dda\u57ce\u5e02\u4ea4\u6613\u6578\u64da\u56de\u6eab\uff0c\u53ef\u671b\u5728\u904b\u50f9\u3001\u9285\u6750\u8a02\u55ae\u548c\u6771\u5357\u4e9e\u96f6\u7d44\u4ef6\u51fa\u8ca8\u91cf\u4e0a\u770b\u5230\u660e\u986f\u53ef\u898b\u5ea6\u63d0\u5347\u3002<\/p>\n

\u61c9\u8a72\u8cb7\u9032\u54ea\u4e9b\u985e\u5225\u4f86\u5c0d\u63a5\u653f\u7b56\u9031\u671f<\/h3>\n

\u5e03\u5c40\u76f8\u5c0d\u76f4\u63a5\u3002\u52a0\u5927\u914d\u7f6e\u5927\u578b\u9280\u884c\u4ee5\u5206\u4eab\u71df\u904b\u5c0d\u4ea4\u6613\u91cf\u7684\u69d3\u687f\u3001\u914d\u7f6e\u7db2\u8def\u5e73\u53f0\u4ee5\u53d7\u60e0\u65bc\u6d88\u8cbb\u5fa9\u7526\u5e36\u52d5\u7684\u5ee3\u544a\u8207\u652f\u4ed8\u5faa\u74b0\uff0c\u4ee5\u53ca\u96fb\u6c23\u5316\u9818\u5148\u8005\u2014\u7121\u8ad6\u570b\u5167\u96dc\u97f3\u5982\u4f55\uff0c\u4ecd\u6301\u7e8c\u64f4\u5927\u5168\u7403\u5e02\u4f54\u3002\u53e6\u53ef\u9078\u64c7\u6027\u914d\u7f6e\u5efa\u6750\u8207\u5bb6\u96fb\u4e2d\u90a3\u4e9b\u5f9e\u5b8c\u5de5\u7aef\u8b8a\u73fe\uff08\u800c\u975e\u50c5\u4ef0\u8cf4\u65b0\u958b\u5de5\uff09\u7684\u4f01\u696d\u3002\u7d93\u904e\u5169\u5e74\u4e58\u6578\u58d3\u7e2e\u5f8c\uff0c\u8a31\u591a\u6a19\u7684\u7684\u4f30\u503c\u4ecd\u5177\u652f\u6490\uff0c\u800c\u66f4\u660e\u78ba\u7684\u653f\u7b56\u8def\u5f91\u6b63\u662f\u5916\u8cc7\u7b49\u5f85\u7684\u50ac\u5316\u5291\u3002\u7576\u523a\u6fc0\u5177\u76ee\u6a19\u6027\u3001\u57f7\u884c\u5177\u53ef\u4fe1\u5ea6\u4e14\u76c8\u9918\u4fee\u6b63\u4ecd\u6709\u53cd\u5f48\u7a7a\u9593\u6642\uff0c\u98a8\u96aa\u56de\u5831\u5177\u5438\u5f15\u529b\u3002<\/p>\n

\u76ee\u524d\u503c\u5f97\u95dc\u6ce8\u7684\u5341\u5927\u4e2d\u570b\u80a1\u7968<\/h3>\n

1) BYD Company (1211.HK, 002594.SZ)\uff1a\u5168\u7403\u6700\u5927\u7684\u63d2\u96fb\u5f0f\u8eca\u8f1b\u88fd\u9020\u5546\uff0c2024 \u5e74\u92b7\u552e\u984d\u7d04 1,000 \u5104\u7f8e\u5143\uff0c\u5168\u7403\u63d2\u96fb\u8eca\u91cf\u5df2\u8d85\u8d8a Tesla\u3002\u5308\u7259\u5229\u5ee0\u70ba\u6b50\u76df\u751f\u7522\u63d0\u4f9b\u57fa\u790e\uff0c\u800c\u50cf YangWang U8 \u9019\u985e\u9ad8\u7aef\u79d1\u6280\u7522\u54c1\u986f\u793a\u5176\u5b9a\u50f9\u80fd\u529b\u3002\u5168\u7403\u5f71\u97ff\uff1a\u5728\u65b0\u8208\u5e02\u5834\u52a0\u901f EV \u7684\u53ef\u8ca0\u64d4\u6027\uff0c\u6709\u52a9\u65bc\u80fd\u6e90\u8f49\u578b\u7684\u63a1\u7528\u3002<\/p>\n

2) Contemporary Amperex Technology, CATL (300750.SZ)\uff1a\u4ee5 LFP \u5316\u5b78\u9ad4\u7cfb\u8207\u898f\u6a21\u5316\u5728 EV \u96fb\u6c60\u9818\u57df\u9818\u5148\u5168\u7403\uff0c\u4e14\u96fb\u7db2\u5132\u80fd\u51fa\u8ca8\u6301\u7e8c\u589e\u52a0\u3002\u96a8\u8457\u623f\u8cb8\u7de9\u89e3\u7a69\u5b9a\u570b\u5167\u9700\u6c42\uff0c\u5132\u80fd\u8a02\u55ae\u5c07\u53d7\u76ca\u65bc\u96fb\u7db2\u6295\u8cc7\u3002\u5168\u7403\u5f71\u97ff\uff1a\u964d\u4f4e\u5168\u7403\u518d\u751f\u80fd\u6e90\u6574\u5408\u7684\u5132\u80fd\u6210\u672c\u3002<\/p>\n

3) Tencent Holdings (0700.HK)\uff1a\u4e2d\u570b\u7684\u8d85\u7d1a\u61c9\u7528\u751f\u614b\u7cfb\u5728\u6d88\u8cbb\u8005\u4fe1\u5fc3\u6062\u5fa9\u6642\u52a0\u5927\u5c0d\u652f\u4ed8\u3001\u5ee3\u544a\u8207\u96f2\u7aef\u7684\u4f9d\u8cf4\u3002\u5b83\u662f\u5168\u7403\u6700\u5927\u7684\u96fb\u73a9\u71df\u904b\u5546\uff0c\u4e14\u5728 2018 \u5e74\u6210\u70ba\u9996\u5bb6\u5e02\u503c\u7a81\u7834 5,000 \u5104\u7f8e\u5143\u7684\u4e9e\u6d32\u79d1\u6280\u516c\u53f8\u3002\u5168\u7403\u5f71\u97ff\uff1a\u8de8\u5883\u904a\u6232 IP \u8207\u904d\u53ca\u4e9e\u6d32\u7684 fintech \u57fa\u790e\u8a2d\u65bd\u3002<\/p>\n

4) Alibaba Group (BABA, 9988.HK)\uff1a\u96d9\u5341\u4e00\u4ecd\u662f\u8861\u91cf\u6d88\u8cbb\u7684\u98a8\u5411\u6a19\uff0c\u5176\u898f\u6a21\u9060\u8d85\u897f\u65b9\u8cfc\u7269\u7bc0\u3002\u623f\u5730\u7522\u4ea4\u6613\u56de\u6eab\u5e38\u5e38\u5148\u884c\u5e36\u52d5\u50a2\u4ff1\u8207\u96fb\u5b50\u7522\u54c1\u652f\u51fa\uff0c\u652f\u6490\u5e73\u53f0 GMV \u8207\u5ee3\u544a\u696d\u52d9\u3002\u5168\u7403\u5f71\u97ff\uff1aAlibaba Cloud \u5411\u6771\u5357\u4e9e\u5546\u5bb6\u64f4\u5c55 AI \u670d\u52d9\u3002<\/p>\n

5) Pinduoduo Holdings (\u542b Temu, PDD)\uff1a\u793e\u4ea4\u96fb\u5546\u5728\u4f4e\u7dda\u57ce\u5e02\u7684\u6ef2\u900f\u7387\u6703\u56e0\u6709\u91dd\u5c0d\u6027\u7684\u8ca1\u653f\u652f\u6301\u8207\u8f03\u4f4e\u7684\u501f\u8cb8\u6210\u672c\u800c\u53d7\u60e0\u3002\u5168\u7403\u5f71\u97ff\uff1aTemu \u7684\u570b\u969b\u64f4\u5f35\u91cd\u65b0\u5b9a\u7fa9\u4e2d\u570b\u4e2d\u5c0f\u4f01\u7684\u50f9\u683c\u767c\u73fe\u8207\u4f9b\u61c9\u93c8\u89f8\u53ca\u7bc4\u570d\u3002<\/p>\n

6) Industrial and Commercial Bank of China, ICBC (1398.HK, 601398.SS)\uff1a\u623f\u8cb8\u627f\u4f5c\u8207\u9805\u76ee\u878d\u8cc7\u7684\u9ad4\u7cfb\u9328\u9ede\u3002\u6191\u85c9\u5168\u7403\u6700\u5927\u7684\u8cc7\u7522\u57fa\u790e\u8207\u5f37\u52c1\u7684\u7a05\u524d\u5229\u6f64\uff0cICBC \u6709\u80fd\u529b\u50b3\u5c0e\u653f\u7b56\u4e26\u53d7\u60e0\u65bc\u4ea4\u6613\u91cf\u7a69\u5b9a\u5316\u3002\u91cc\u7a0b\u7891\uff1a\u904e\u53bb 12 \u500b\u6708\u7d04 510 \u5104\u7f8e\u5143\u7684\u6de8\u5229\u7a81\u986f\u76c8\u9918\u97cc\u6027\u3002<\/p>\n

7) China Construction Bank, CCB (0939.HK, 601939.SS)\uff1a\u4e3b\u8981\u7684\u623f\u8cb8\u5c08\u696d\u6236\uff0c\u5177\u6709\u53ef\u8ca0\u64d4\u4f4f\u623f\u91d1\u878d\u7684\u5c08\u696d\u80fd\u529b\u3002\u5099\u62b5\u8986\u84cb\u8207\u8cbb\u7528\u6536\u5165\u5f37\u5ea6\u6709\u52a9\u65bc\u7ba1\u7406\u4fe1\u7528\u9031\u671f\u3002\u5168\u7403\u5f71\u97ff\uff1a\u652f\u6301\u8207\u90fd\u5e02\u66f4\u65b0\u76f8\u95dc\u7684\u57fa\u790e\u8a2d\u65bd\u8cb8\u6b3e\u3002<\/p>\n

8) CGN Power, via CGN Power Co. (1816.HK)\uff1a\u5168\u7403\u6700\u5927\u7684\u6838\u80fd\u5efa\u8a2d\u5e73\u53f0\uff0c\u70ba\u96fb\u6c23\u5316\u63d0\u4f9b\u57fa\u8f09\u5bb9\u91cf\u3002\u96a8\u8457\u623f\u5c4b\u5b8c\u5de5\u589e\u52a0\uff0c\u96fb\u529b\u9700\u6c42\u7a69\u5b9a\u662f\u6709\u5229\u56e0\u7d20\u3002\u5168\u7403\u5f71\u97ff\uff1a\u5728\u4e00\u5e36\u4e00\u8def\u5e02\u5834\u4e0a\u63a8\u52d5\u6838\u80fd\u8207\u518d\u751f\u80fd\u6e90\u7684\u5408\u4f5c\u3002<\/p>\n

9) LONGi Green Energy (601012.SS)\uff1a\u5728\u592a\u967d\u80fd\u6a21\u7d44\u8207\u6676\u5713\u88fd\u9020\u65b9\u9762\u7684\u5168\u7403\u9818\u5c0e\u8005\uff0c\u88fd\u9020\u898f\u6a21\u6709\u52a9\u65bc\u964d\u4f4e LCOE\u3002\u8f03\u4f4e\u7684\u570b\u5167\u8cc7\u91d1\u6210\u672c\u6703\u50ac\u5316\u65b0\u5efa\u8207\u7ffb\u4fee\u4f4f\u623f\u7684\u5206\u5e03\u5f0f\u5c4b\u9802\u592a\u967d\u80fd\u3002\u5168\u7403\u5f71\u97ff\uff1a\u5411\u6b50\u6d32\u3001\u4e2d\u6771\u66a8\u5317\u975e\u8207\u62c9\u4e01\u7f8e\u6d32\u4f9b\u61c9\u5177\u6210\u672c\u512a\u52e2\u7684\u592a\u967d\u80fd\u677f\u3002<\/p>\n

10) Midea Group (000333.SZ)\uff1a\u9802\u5c16\u7684\u767d\u8272\u5bb6\u96fb\u8207\u7a7a\u8abf\u88fd\u9020\u5546\uff0c\u900f\u904e\u767d\u8272\u5bb6\u96fb\u8207\u7a7a\u8abf\u5347\u7d1a\u628a\u5b8c\u5de5\u91cf\u8ca8\u5e63\u5316\u3002\u5168\u7403\u5f71\u97ff\uff1a\u6d77\u5916\u71df\u6536\u591a\u5143\u5316\u8207\u81ea\u52d5\u5316\u696d\u52d9\u53ef\u5c0d\u6c96\u570b\u5167\u9031\u671f\u3002<\/p>\n

\u57f7\u884c\u98a8\u96aa\u8207\u89c0\u5bdf\u91cd\u9ede<\/h3>\n

\u653f\u7b56\u7d30\u7bc0\u6c7a\u5b9a\u6210\u6548\u3002\u623f\u8cb8\u5229\u606f\u88dc\u8cbc\u7684\u898f\u6a21\u8207\u6301\u7e8c\u6642\u9593\u3001\u7a05\u52d9\u9000\u9084\u7684\u8986\u84cb\u7bc4\u570d\uff0c\u4ee5\u53ca\u4ea4\u6613\u6210\u672c\u7684\u4e0b\u964d\uff0c\u5c07\u6c7a\u5b9a\u8cb7\u65b9\u56de\u6d41\u7684\u901f\u5ea6\u3002\u95dc\u6ce8\u524d 30 \u57ce\u5e02\u7684\u6bcf\u9031\u4ea4\u6613\u91cf\u3001\u9818\u5148\u7684\u6c34\u6ce5\u51fa\u8ca8\u91cf\uff0c\u4ee5\u53ca\u9280\u884c\u623f\u8cb8\u5be9\u6279\u7684\u5468\u8f49\u6642\u9593\u3002\u5982\u679c\u63d0\u524d\u9084\u6b3e\u7387\u4e0b\u964d\u4e14\u623f\u8cb8\u7533\u8acb\u4e0a\u5347\uff0c\u4ee3\u8868\u4fe1\u5fc3\u6b63\u5728\u4fee\u5fa9\u3002\u76e3\u6e2c LPR \u8a2d\u5b9a\u3001\u5b58\u6b3e\u5229\u7387\u6307\u5f15\uff0c\u4ee5\u53ca\u653f\u7b56\u6027\u9280\u884c\u653e\u8cb8\u662f\u5426\u64f4\u5f35\u4ee5\u78ba\u4fdd\u50b3\u5c0e\u3002\u5728\u4fe1\u7528\u9762\uff0c\u95dc\u6ce8\u958b\u767c\u5546\u8207\u5730\u65b9\u878d\u8cc7\u5e73\u53f0\uff08LGFV\uff09\u5e33\u518a\u4e2d\u4e0d\u826f\u8cc7\u7522\uff08NPL\uff09\u5f62\u6210\u76f8\u5c0d\u65bc\u5099\u62b5\u7684\u60c5\u6cc1\u3002\u88dc\u8cbc\u8207\u5b8c\u5de5\u4e4b\u9593\u95dc\u806f\u8d8a\u7dca\u5bc6\uff0c\u5c0d\u5bb6\u96fb\u3001\u50a2\u4ff1\u8207\u5c0f\u578b\u7ffb\u4fee\u670d\u52d9\u7684\u4e58\u6578\u6548\u61c9\u5c31\u8d8a\u5f37\u3002<\/p>\n

\u4e2d\u570b\u66f4\u5ee3\u6cdb\u7684\u91cd\u7f6e\u6b63\u5728\u9032\u884c<\/h3>\n

\u623f\u5730\u7522\u653f\u7b56\u4e0d\u662f\u842c\u9748\u85e5\uff0c\u4f46\u7576\u8207\u4e2d\u570b\u5728\u5de5\u7a0b\u898f\u6a21\u8207\u7522\u696d\u653f\u7b56\u4e0a\u7684\u7d50\u69cb\u6027\u512a\u52e2\u7d50\u5408\u6642\uff0c\u537b\u662f\u5f37\u6709\u529b\u7684\u7a69\u5b9a\u5668\u3002\u6709\u91dd\u5c0d\u6027\u7684\u4f4f\u623f\u652f\u6301\u3001\u5177\u7af6\u722d\u529b\u7684\u878d\u8cc7\uff0c\u4ee5\u53ca\u5728\u96fb\u52d5\u8eca\u3001\u96fb\u6c60\u8207\u592a\u967d\u80fd\u4e0a\u7684\u9818\u5c0e\u5730\u4f4d\uff0c\u5c07\u4f7f\u4e2d\u570b\u5728\u672a\u4f86\u5341\u5e74\u4e2d\u6301\u7e8c\u64f4\u5927\u5728\u95dc\u9375\u6280\u8853\u4e0a\u7684\u5e02\u5360\u3002\u570b\u5167\u5e95\u90e8\u70ba\u5168\u7403\u6295\u8cc7\u4eba\u63d0\u4f9b\u95dc\u65bc\u76c8\u9918\u8d70\u52e2\u7684\u6e05\u6670\u5ea6\uff0c\u4e26\u6062\u5fa9\u5c0d\u9078\u64c7\u6027\u4e2d\u570b\u914d\u7f6e\u7684\u8ad6\u9ede\u3002\u8d0f\u5bb6\u4e0d\u50c5\u662f\u4ea4\u6613\u5faa\u74b0\u7684\u9806\u5468\u671f\u80a1\u7968\uff0c\u66f4\u662f\u80fd\u5c07\u901a\u7e2e\u3001\u6548\u7387\u8207\u53ef\u9760\u6027\u51fa\u53e3\u5230\u4e16\u754c\u7684\u5e73\u81fa\u3001\u8cb8\u6b3e\u6a5f\u69cb\u8207\u80fd\u6e90\u9818\u5c0e\u8005\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u4e2d\u570b\u6b63\u6e96\u5099\u6709\u91dd\u5c0d\u6027\u5730\u91cd\u555f\u623f\u5730\u7522\u5e02\u5834\uff0c\u4ee5\u7a69\u4f4f\u4f4f\u623f\u4e26\u523a\u6fc0\u5167\u9700\uff0c\u9019\u70ba\u6230\u7565\u6027\u6295\u8cc7\u90a3\u4e9b\u6709\u671b\u53d7\u60e0\u65bc\u653f\u7b56\u8b8a\u52d5\u7684\u9ad8\u8cea\u91cf Chinese companies \u5275\u9020\u4e86\u6a5f\u6703\u3002<\/p>\n","protected":false},"author":49,"featured_media":587496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2275],"tags":[801,773,803],"class_list":["post-605300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gcff-events-tch","tag-801","tag-773","tag-803"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/605300","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\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=605300"}],"version-history":[{"count":1,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/605300\/revisions"}],"predecessor-version":[{"id":605333,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/605300\/revisions\/605333"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/587496"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=605300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=605300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=605300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}