{"id":623715,"date":"2026-03-04T03:47:50","date_gmt":"2026-03-04T11:47:50","guid":{"rendered":"https:\/\/nai500.com\/?p=623715"},"modified":"2026-03-04T03:47:50","modified_gmt":"2026-03-04T11:47:50","slug":"%e7%99%bd%e9%87%91%e9%9c%80%e6%b1%82%e9%a0%90%e6%9c%9f%e6%bf%80%e5%a2%9e%ef%bc%8c%e6%8a%95%e8%b3%87%e4%ba%ba%e8%bd%89%e5%90%91%e9%98%b2%e7%a6%a6%e6%80%a7%e9%85%8d%e7%bd%ae","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/03\/%e7%99%bd%e9%87%91%e9%9c%80%e6%b1%82%e9%a0%90%e6%9c%9f%e6%bf%80%e5%a2%9e%ef%bc%8c%e6%8a%95%e8%b3%87%e4%ba%ba%e8%bd%89%e5%90%91%e9%98%b2%e7%a6%a6%e6%80%a7%e9%85%8d%e7%bd%ae\/","title":{"rendered":"\u767d\u91d1\u9700\u6c42\u9810\u671f\u6fc0\u589e\uff0c\u6295\u8cc7\u4eba\u8f49\u5411\u9632\u79a6\u6027\u914d\u7f6e"},"content":{"rendered":"<p>\u767d\u91d1\u91cd\u56de\u8cb7\u5165\u540d\u55ae\u3002\u5c0d\u65bc\u8cc7\u7522\u914d\u7f6e\u8005\u800c\u8a00\uff0c2026 \u5e74\u5f37\u52c1\u6295\u8cc7\u9700\u6c42\u7684\u9810\u671f\u5efa\u7acb\u5728\u5169\u5927\u652f\u67f1\uff1a\u5be6\u7269\u5e02\u5834\u6536\u7dca\u4ee5\u53ca\u6709\u5229\u5be6\u7269\u8cc7\u7522\u7684\u98a8\u96aa\u74b0\u5883\u3002\u9019\u7a2e\u7d44\u5408\u5728\u767d\u91d1\u5e02\u5834\u76f8\u7576\u7f55\u898b\uff0c\u767d\u91d1\u9577\u671f\u4ee5\u4f86\u65e2\u662f\u5de5\u696d\u91d1\u5c6c\u53c8\u64c1\u6709\u907f\u96aa\u5149\u74b0\u3002\u672c\u5468\u671f\u53ef\u80fd\u6703\u628a\u771f\u6b63\u7684\u50f9\u683c\u6c7a\u5b9a\u6b0a\u4ea4\u7d66\u6301\u6709\u8005\uff0c\u4f46\u80a1\u7968\u7aef\u4ecd\u9700\u56b4\u683c\u7be9\u9078\uff0c\u5c24\u5176\u662f\u5c0d\u65bc\u5728\u8cc7\u91d1\u6c60\u7e2e\u5c0f\u60c5\u6cc1\u4e0b\u904b\u4f5c\u7684\u521d\u7d1a\u516c\u53f8\u3002<\/p>\n<h3>2026 \u5e74\u767d\u91d1\u6295\u8cc7\u9700\u6c42\u53d6\u6c7a\u65bc\u57fa\u672c\u9762\uff0c\u800c\u975e\u7092\u4f5c<\/h3>\n<p>\u767d\u91d1\u7684\u6295\u8cc7\u9700\u6c42\u6b63\u5728\u7bc9\u5e95\uff0c\u56e0\u70ba\u5be6\u7269\u5e33\u672c\u7e2e\u7a84\uff0c\u540c\u6642\u5b8f\u89c0\u907f\u96aa\u9700\u6c42\u64f4\u5927\u3002\u5eab\u5b58\u6709\u9650\u4e14\u591a\u6578\u70ba\u79c1\u4eba\u6216 ETF \u6301\u6709\u3002\u6838\u5fc3\u7528\u4f8b\u2014\u2014\u6c7d\u8eca\u50ac\u5316\u5291\u2014\u2014\u4ecd\u7136\u5b58\u5728\uff0c\u70ba\u8a72\u91d1\u5c6c\u63d0\u4f9b\u5de5\u696d\u9700\u6c42\u57fa\u790e\u3002\u7576\u9019\u500b\u57fa\u7dda\u6536\u7dca\u6642\uff0c\u589e\u91cf\u76ce\u53f8\u6703\u7531\u5c0b\u6c42\u9060\u96e2\u6cd5\u5b9a\u8ca8\u5e63\u98a8\u96aa\u8207\u80a1\u7968\u7684\u908a\u969b\u8cb7\u5bb6\u5b9a\u50f9\u3002\u96a8\u8457\u653f\u7b56\u4e0d\u78ba\u5b9a\u6027\u8207\u5730\u7de3\u653f\u6cbb\u6469\u64e6\u5347\u9ad8\uff0c\u6295\u8cc7\u4eba\u518d\u6b21\u9858\u610f\u70ba\u57fa\u65bc\u5be6\u969b\u7528\u9014\u7684\u7a00\u7f3a\u6027\u4ed8\u51fa\u6ea2\u50f9\u3002<\/p>\n<h3>\u4f9b\u7d66\u7aef\u9ad8\u5ea6\u96c6\u4e2d\u4e14\u8106\u5f31\uff0c\u9019\u978f\u56fa\u4e86\u8ad6\u9ede<\/h3>\n<p>\u7d04\u56db\u5206\u4e4b\u4e09\u7684\u521d\u7d1a\u767d\u91d1\u4f9b\u7d66\u96c6\u4e2d\u5728 South Africa \u8207 Russia\uff0c\u5f62\u6210\u4e00\u500b\u5169\u7bc0\u9ede\u7cfb\u7d71\uff0c\u66b4\u9732\u65bc\u96fb\u529b\u53ef\u9760\u6027\u3001\u7269\u6d41\u8207\u5730\u7de3\u653f\u6cbb\u98a8\u96aa\u3002\u5357\u975e\u751f\u7522\u9762\u81e8\u6df1\u90e8\u3001\u52de\u52d5\u5bc6\u96c6\u578b\u5730\u4e0b\u63a1\u7926\u8207\u96fb\u7db2\u4e0d\u7a69\u6240\u5e36\u4f86\u7684\u6301\u7e8c\u6210\u672c\u58d3\u529b\u3002\u5373\u4fbf\u96fb\u529b\u4f9b\u61c9\u7565\u6709\u6539\u5584\uff0c\u7d50\u69cb\u6027\u9650\u5236\u2014\u2014\u8001\u820a\u7aea\u4e95\u3001\u4e0a\u5347\u7684\u52de\u52d5\u6210\u672c\u4ee5\u53ca\u80fd\u6e90\u5bc6\u96c6\u6027\u2014\u2014\u4e0d\u6703\u56e0\u6b64\u6d88\u5931\u3002\u4fc4\u7f85\u65af\u7522\u91cf\u5247\u4ecd\u70ba\u5236\u88c1\u76f8\u95dc\u8b8a\u6578\u3002\u9664\u7926\u5c71\u4f9b\u7d66\u5916\uff0c\u56de\u6536\u662f\u8207\u5831\u5ee2\u8eca\u8f1b\u7387\u8207\u91d1\u5c6c\u50f9\u683c\u9023\u52d5\u7684\u64fa\u52d5\u56e0\u7d20\u3002\u591a\u5e74\u4f86\u6c7d\u8eca\u92b7\u552e\u53d7\u9650\u8207\u9ad8\u4e8c\u624b\u8eca\u50f9\u683c\u6291\u5236\u4e86\u5831\u5ee2\u8f49\u63db\u5668\u7684\u6d41\u91cf\u3002\u82e5\u5831\u5ee2\u7387\u672a\u51fa\u73fe\u986f\u8457\u56de\u5347\uff0c\u56de\u6536\u76ce\u53f8\u5c07\u6301\u7e8c\u4f4e\u65bc\u6f5b\u529b\uff0c\u4ee4\u5e02\u5834\u7dad\u6301\u7dca\u5f35\u3002<\/p>\n<h3>\u6c7d\u8eca\u50ac\u5316\u5291\u7684\u66ff\u4ee3\u9ed8\u9ed8\u91cd\u8a2d\u9700\u6c42<\/h3>\n<p>\u5728\u9200\u50f9\u683c\u98c6\u5347\u5f8c\uff0c\u6c7d\u8eca\u88fd\u9020\u5546\u82b1\u4e86\u6578\u5e74\u5728\u6c7d\u6cb9\u50ac\u5316\u5291\u4e2d\u5be6\u73fe\u4ee5\u767d\u91d1\u90e8\u5206\u66ff\u4ee3\u9200\u3002\u4e00\u65e6 OEM \u5728\u4e00\u500b\u5e73\u53f0\u4e0a\u9396\u5b9a\u4e86\u50ac\u5316\u5291\u5316\u5b78\u914d\u65b9\uff0c\u56e0\u6cd5\u898f\u6e2c\u8a66\u8207\u4fdd\u56fa\u98a8\u96aa\uff0c\u8b8a\u66f4\u4fbf\u4e0d\u5e38\u767c\u751f\u3002\u9019\u7a2e\u9ecf\u6027\u70ba\u767d\u91d1\u9700\u6c42\u56fa\u5b9a\u4e86\u4e00\u584a\u53ef\u89c0\u4efd\u984d\uff0c\u5373\u4fbf\u9200\u50f9\u683c\u5df2\u8da8\u65bc\u6b63\u5e38\u3002\u91cd\u578b\u67f4\u6cb9\u8207\u975e\u9053\u8def\uff08off-road\uff09\u9818\u57df\uff0c\u672c\u5c31\u4ee5\u767d\u91d1\u70ba\u4e3b\uff0c\u96a8\u8457\u8eca\u968a\u66f4\u65b0\u6301\u7e8c\u62c9\u52d5\u91d1\u5c6c\u9700\u6c42\u3002\u5167\u71c3\u6a5f\u5728\u65b0\u8eca\u92b7\u552e\u4e2d\u7684\u6bd4\u91cd\u6b63\u4e0b\u964d\uff0c\u4f46\u7d55\u5c0d ICE\uff08\u5167\u71c3\u6a5f\uff09\u7522\u91cf\u3001\u4ecd\u6709\u5c3e\u7ba1\u7684\u6cb9\u96fb\u6df7\u5408\u8eca\u4ee5\u53ca\u5546\u7528\u8eca\u5728\u672c\u5341\u5e74\u5167\u7dad\u6301\u4e86\u5805\u56fa\u7684\u9700\u6c42\u6838\u5fc3\u3002\u52a0\u4e0a\u4f86\u81ea\u65e9\u671f\u4f46\u6210\u9577\u4e2d\u7684 PEM \u96fb\u89e3\u5668\u8207\u71c3\u6599\u96fb\u6c60\u7684\u53ef\u9078\u6027\u2014\u2014\u9019\u4e9b\u61c9\u7528\u76f4\u63a5\u4f9d\u8cf4\u9251\u65cf\u91d1\u5c6c\u7684\u96fb\u5316\u5b78\u7279\u6027\u2014\u2014\u5373\u4fbf\u6c2b\u80fd\u7d93\u6fdf\u7684\u6642\u9593\u9ede\u4ecd\u504f\u5f8c\u7aef\uff0c\u5de5\u696d\u7aef\u7684\u9700\u6c42\u8ad6\u9ede\u4e5f\u56e0\u6b64\u6539\u5584\u3002<\/p>\n<h3>\u8981\u89c0\u5bdf\u7684\u50f9\u683c\u9a45\u52d5\u56e0\u5b50\uff1aETF\u3001\u501f\u8cb8\u5229\u7387\u8207\u56de\u6536\u6d41\u91cf<\/h3>\n<p>\u6295\u8cc7\u7aef\u5f88\u53ef\u80fd\u900f\u904e ETF\u3001\u91d1\u689d\u8207\u786c\u5e63\uff0c\u4ee5\u53ca\u5834\u5916\u6301\u5009\u986f\u73fe\u3002\u8cc7\u91d1\u6d41\u5165\u6703\u653e\u5927\u50f9\u683c\u6ce2\u52d5\uff0c\u56e0\u70ba\u76f8\u8f03\u65bc\u91d1\u8207\u9280\uff0c\u53ef\u4ea4\u6613\u7684\u6d41\u901a\u91cf\u5c0f\u3002\u6ce8\u610f\u6b63\u5411\u7684 ETF \u6d41\u5165\u8da8\u52e2\u8207\u501f\u8cb8\u5229\u7387\uff08lease rates\uff09\u7684\u6536\u7dca\uff1b\u5169\u8005\u90fd\u986f\u793a\u5e02\u5834\u9858\u610f\u70ba\u5373\u671f\u91d1\u5c6c\u652f\u4ed8\u66f4\u9ad8\u50f9\u683c\u3002\u76f8\u53cd\u5730\uff0c\u82e5\u6c7d\u8eca\u5831\u5ee2\u589e\u52a0\u8207\u56de\u6536\u7372\u5229\u6539\u5584\uff0c\u908a\u969b\u4e0a\u6703\u589e\u52a0\u4f9b\u61c9\u4e26\u6291\u5236\u4e0a\u884c\u3002\u73e0\u5bf6\u9700\u6c42\u2014\u2014\u7279\u5225\u662f\u5728\u4e2d\u570b\u2014\u2014\u6703\u96a8\u6d88\u8cbb\u8005\u4fe1\u5fc3\u8207\u76f8\u5c0d\u65bc\u9ec3\u91d1\u7684\u50f9\u683c\u8b8a\u52d5\u800c\u6ce2\u52d5\uff0c\u589e\u52a0\u908a\u7de3\u7684\u9707\u76ea\u3002\u5b8f\u89c0\u4ecd\u662f\u4e0d\u78ba\u5b9a\u8b8a\u6578\u3002\u82e5\u5be6\u8cea\u5229\u7387\u4e0a\u5347\u4e14\u7f8e\u5143\u8d70\u5f37\uff0c\u5373\u4f7f\u5fae\u89c0\u57fa\u672c\u9762\u5805\u5be6\uff0c\u8cb4\u91d1\u5c6c\u4e5f\u53ef\u80fd\u505c\u6eef\u3002\u6574\u9ad4\u5e73\u8861\u4ecd\u5177\u5efa\u8a2d\u6027\uff0c\u4f46\u90e8\u4f4d\u5927\u5c0f\u61c9\u53cd\u6620\u9019\u4e9b\u4e8c\u5143\u5b8f\u89c0\u958b\u95dc\u3002<\/p>\n<h3>\u8cc7\u91d1\u73fe\u5be6\u58d3\u6291\u521d\u7d1a\u9251\u65cf\u91d1\u5c6c\u80a1\u7684\u6545\u4e8b<\/h3>\n<p>\u521d\u7d1a\u516c\u53f8\u7684\u8cc7\u672c\u74b0\u5883\u5c1a\u672a\u9032\u5165\u98a8\u96aa\u504f\u597d\u6a21\u5f0f\u3002\u521d\u7d1a\u8207\u4e2d\u968e\u7926\u5546\u7684\u52df\u8cc7\u5728 2024 \u5e74\u4e0b\u964d 12%\uff0c\u7d04\u70ba 103 \u5104\u7f8e\u5143\uff0c\u70ba\u4e94\u5e74\u4f86\u6700\u4f4e\u3002\u9019\u5c0e\u81f4\u66f4\u9ad8\u7684\u8cc7\u672c\u6210\u672c\u9580\u6abb\u8207\u65b0\u6848\u7684\u56b4\u683c\u5be9\u8996\u3002\u5149\u6709\u54c1\u4f4d\u8207\u5730\u5716\u4e0d\u8db3\u5920\u2014\u2014\u7ba1\u7406\u5c64\u57f7\u884c\u529b\u8207\u5f9e\u8cc7\u6e90\u5230\u7d93\u6fdf\u76ce\u53f8\u7684\u53ef\u4fe1\u8def\u5f91\u5c07\u6c7a\u5b9a\u8ab0\u80fd\u53d6\u5f97\u8cc7\u91d1\u3002\u5728 PGMs \u9818\u57df\uff0c\u51b6\u91d1\u662f\u4e0d\u53ef\u5354\u5546\u7684\u3002\u4e0d\u540c\u5730\u5c64\u7684\u7926\u77f3\uff0c\u4f8b\u5982 South Africa \u7684 UG2 \u8207 Merensky\uff0c\u5728\u6d6e\u9078\u8207\u51b6\u7149\u884c\u70ba\u4e0a\u53ef\u80fd\u56e0\u8f1d\u77f3\u542b\u91cf\u8207\u7926\u7269\u5b78\u5dee\u7570\u800c\u5927\u76f8\u9015\u5ead\u3002\u90a3\u4e9b\u5728\u6c92\u6709\u5145\u5206\u6e2c\u8a66\u5de5\u4f5c\u7684\u60c5\u6cc1\u4e0b\u767c\u5e03\u5177\u653b\u64ca\u6027\u7684\u56de\u6536\u7387\u5047\u8a2d\uff0c\u6216\u4f4e\u4f30\u9078\u7926\u5ee0\u7684\u96fb\u529b\u8207\u6c34\u9700\u6c42\u7684\u9805\u76ee\uff0c\u61c9\u767c\u51fa\u7d05\u65d7\u3002\u5047\u8a2d\u6a02\u89c0\u751f\u7522\u529b\u7684\u5730\u4e0b\u8a2d\u8a08\uff0c\u6216\u5ffd\u7565\u7aea\u4e95\u7ffb\u65b0\u6642\u7a0b\u7684\u8cc7\u672c\u652f\u51fa\u8a08\u756b\uff0c\u4e5f\u61c9\u88ab\u6298\u50f9\u3002\u5e02\u5834\u5728\u70ba\u53bb\u98a8\u96aa\u4ed8\u8cbb\uff0c\u800c\u975e\u70ba\u6558\u4e8b\u8cb7\u55ae\u3002<\/p>\n<h3>\u8cc7\u91d1\u76ee\u524d\u6d41\u5411\u53ef\u63d0\u4f9b\u4e00\u5957\u64cd\u4f5c\u624b\u518a<\/h3>\n<p>\u5118\u7ba1\u5e02\u5834\u66f4\u7dca\uff0c\u8cc7\u91d1\u4ecd\u53ef\u6d41\u5411\u8207\u4f9b\u61c9\u5b89\u5168\u548c\u660e\u78ba\u6548\u7528\u76f8\u95dc\u7684\u53ef\u4fe1\u8cc7\u7522\u3002Ares Strategic Mining \u7372\u5f97\u4e00\u4efd\u63a5\u8fd1 1.69 \u5104\u7f8e\u5143\u7684\u591a\u5e74\u671f US Department of Defense \u5408\u7d04\uff0c\u9019\u8868\u660e\u63a1\u8cfc\u6a5f\u69cb\u6703\u652f\u6301\u570b\u5167\u4f9b\u61c9\u93c8\u4ee5\u4fdd\u969c\u6230\u7565\u6027\u6295\u5165\u3002\u96d6\u7136\u8a72\u6848\u4e0d\u662f\u767d\u91d1\uff0c\u4f46\u653f\u7b56\u8a0a\u865f\u5177\u6709\u53ef\u79fb\u690d\u6027\uff1a\u7576\u4f9b\u61c9\u96c6\u4e2d\u6216\u8106\u5f31\u6642\uff0c\u653f\u5e9c\u9858\u610f\u627f\u4fdd\u95dc\u9375\u6750\u6599\u3002\u5728\u5730\u8cea\u9762\uff0cCanterra Minerals \u5728\u7d10\u82ac\u862d\u7684 Lundberg \u7926\u5e8a\u5ef6\u4f38\u51fa\u4e00\u500b 86 \u516c\u5c3a\u5340\u6bb5\uff0c\u54c1\u4f4d\u76f8\u7576\u65bc 0.91% copper equivalent\uff0c\u4f4d\u65bc\u4e00\u500b\u6b77\u53f2\u6027\u7684 VMS \u7522\u5e36\u3002\u9019\u985e\u5728\u5df2\u77e5\u6210\u7926\u5e36\u4e14\u5177\u6709\u5340\u57df\u898f\u6a21\u5148\u4f8b\u7684\u5ef6\u4f38\u767c\u73fe\uff0c\u80fd\u91cd\u65b0\u6253\u958b\u9322\u5305\u3002\u878d\u8cc7\u6a21\u5f0f\u4e5f\u5728\u8abf\u6574\u3002Precipitate Gold \u5411\u591a\u660e\u5c3c\u52a0\u5171\u548c\u570b\u7684\u9ad8\u6de8\u503c\u6295\u8cc7\u8005\u7c4c\u5f97 650 \u842c\u7f8e\u5143\uff0c\u986f\u793a\u5728\u5168\u7403\u8cc7\u91d1\u4ecd\u8b39\u614e\u6642\uff0c\u5340\u57df\u8cc7\u672c\u6703\u9032\u5834\u3002\u5c0d\u65bc PGM \u521d\u7d1a\u516c\u53f8\uff0c\u985e\u4f3c\u7684\u50ac\u5316\u5291\u6703\u662f\u7b2c\u4e09\u65b9\u51b6\u91d1\u9a57\u8b49\u3001\u51b6\u7149\u5ee0\u7684\u8cfc\u92b7\u610f\u5411\uff0c\u6216\u4f86\u81ea\u4e0b\u6e38\u4f7f\u7528\u8005\u7684\u7b56\u7565\u6027\u80a1\u6b0a\u3002<\/p>\n<h3>\u5065\u5168\u7684\u767d\u91d1\u884c\u60c5\u5c0d\u751f\u7522\u5546\u8207\u958b\u767c\u5546\u7684\u610f\u7fa9<\/h3>\n<p>\u73fe\u91d1\u6210\u672c\u6539\u5584\u3001\u96fb\u529b\u7a69\u5b9a\u4e14\u52de\u52d5\u98a8\u96aa\u53ef\u63a7\u7684\u751f\u7522\u5546\u5c07\u7387\u5148\u53d7\u60e0\u3002\u76f8\u5c0d\u5f31\u52e2\u7684\u672c\u5e63\u514c\u7f8e\u5143\u53ef\u70ba South African \u516c\u53f8\u5e36\u4f86\u5229\u5dee\u5c3e\u98a8\uff0c\u4f46\u4e0d\u8981\u628a\u5916\u532f\u7576\u4f5c\u5c0d\u6297\u7d50\u69cb\u6027\u6210\u672c\u4e0a\u5347\u7684\u5c0d\u6c96\u3002\u8cc7\u7522\u8ca0\u50b5\u8868\u5f88\u91cd\u8981\uff1b\u9ad8\u5229\u74b0\u5883\u6703\u61f2\u7f70\u69d3\u687f\u5316\u7684\u8f49\u578b\u6545\u4e8b\u3002\u64c1\u6709\u6dfa\u8868\u3001\u53ef\u6a5f\u68b0\u5316\u7926\u9ad4\u8207\u4e7e\u6de8\u7cbe\u7926\u898f\u683c\u7684\u958b\u767c\u6848\uff0c\u5728\u7be9\u9078\u4e0a\u6703\u512a\u65bc\u6df1\u90e8\u3001\u52de\u52d5\u5bc6\u96c6\u4e14\u6709\u8f1d\u77f3\u7f70\u5206\u7684\u7926\u5c71\u3002\u5177\u57fa\u790e\u8a2d\u65bd\u512a\u52e2\u2014\u2014\u63a5\u96fb\u7db2\u3001\u7528\u6c34\u8a31\u53ef\u3001\u63a5\u8fd1\u65e2\u6709\u51b6\u7149\u5ee0\u2014\u2014\u5728\u9019\u500b\u6210\u672c\u9ad4\u7cfb\u4e2d\u80fd\u7372\u5f97\u6ea2\u50f9\u3002\u9810\u671f\u7ba1\u7406\u5718\u968a\u6703\u5f37\u8abf\u8207 OEM \u7684\u66ff\u4ee3\u9032\u5c55\u8207\u6c2b\u80fd\u8a66\u9ede\u6210\u679c\uff1b\u8981\u6c42\u5be6\u8cea\u71df\u6536\u6216\u5177\u7d04\u675f\u529b\u7684\u5354\u8b70\uff0c\u800c\u975e\u50c5\u662f\u5fd7\u5728\u9ad8\u6a13\u7684\u7c21\u5831\u5e7b\u71c8\u3002<\/p>\n<h3>2026 \u5e74\u7684\u7d05\u65d7\u8207\u76e1\u8077\u8abf\u67e5\u6aa2\u67e5\u9ede<\/h3>\n<p>&#8211; \u51b6\u91d1\u7f3a\u53e3\uff1a\u7f3a\u4e4f\u4e2d\u8a66\u898f\u6a21\u6e2c\u8a66\u5de5\u4f5c\u3001\u7cbe\u7926\u54c1\u8cea\u672a\u9a57\u8b49\uff0c\u6216\u4ef0\u8cf4\u4ee3\u5de5\u8655\u7406\u4f46\u6c92\u6709\u4f86\u81ea\u51b6\u7149\u5ee0\u7684\u610f\u5411\u66f8\u3002<\/p>\n<p>&#8211; \u96fb\u529b\u8207\u6c34\u5047\u8a2d\uff1a\u5c0d\u96fb\u7db2\u63a5\u5165\u8cc7\u672c\u652f\u51fa\u7684\u4f30\u8a08\u4e0d\u5207\u5be6\u969b\uff0c\u6216\u5ffd\u8996\u5340\u57df\u7528\u6c34\u58d3\u529b\u53ef\u80fd\u5ef6\u9072\u8a31\u53ef\u3002<\/p>\n<p>&#8211; \u8a31\u53ef\u8207\u793e\u6703\u8a31\u53ef\uff1a\u5728\u6709\u793e\u5340\u722d\u8b70\u6b77\u53f2\u7684\u5730\u5340\uff0c\u5229\u5bb3\u95dc\u4fc2\u4eba\u53c3\u8207\u8584\u5f31\u6703\u589e\u52a0\u6642\u7a0b\u98a8\u96aa\u3002<\/p>\n<p>&#8211; \u5730\u7de3\u653f\u6cbb\u758a\u52a0\u98a8\u96aa\uff1a\u66b4\u9732\u65bc\u5236\u88c1\u98a8\u96aa\u6216\u51fa\u53e3\u9650\u5236\u6703\u6539\u8b8a\u5be6\u73fe\u50f9\u683c\u8207\u71df\u904b\u8cc7\u91d1\u9031\u671f\u3002<\/p>\n<p>&#8211; \u6a21\u578b\u7d00\u5f8b\uff1a\u8981\u660e\u78ba\u5c0d\u56de\u6536\u53cd\u5f48\u8207\u50f9\u683c\u60c5\u5883\u7684\u654f\u611f\u6027\uff1b\u50c5\u5728\u6a02\u89c0\u767d\u91d1\u50f9\u683c\u4e0b\u80fd\u904b\u4f5c\u7684\u9805\u76ee\u4e0d\u662f\u878d\u8cc7\u6a19\u7684\uff0c\u800c\u662f\u9078\u64c7\u6b0a\u3002<\/p>\n<h3>\u8de8 PGM \u9818\u57df\u7684\u4f48\u5c40\u69cb\u60f3<\/h3>\n<p>\u5c0d\u65bc\u5c0b\u6c42\u767d\u91d1\u655e\u53e3\u4f46\u4e0d\u60f3\u627f\u64d4\u516c\u53f8\u98a8\u96aa\u7684\u6295\u8cc7\u8005\uff0cETF \u8207\u5be6\u7269\u66ff\u4ee3\u5de5\u5177\u5c07\u8f03\u70ba\u76f4\u63a5\u5730\u5c0d\u6295\u8cc7\u9700\u6c42\u4e3b\u984c\u53cd\u61c9\u3002\u5728\u80a1\u7968\u65b9\u9762\uff0c\u504f\u597d\u5177\u53ef\u898b\u81ea\u7531\u73fe\u91d1\u6d41\u8207\u56de\u994b\u8cc7\u672c\u8a08\u756b\u7684\u751f\u7522\u5546\uff0c\u7136\u5f8c\u518d\u52a0\u78bc\u90a3\u4e9b\u5728\u672a\u4f86 12 \u500b\u6708\u5167\u6709\u53ef\u4fe1\u53bb\u98a8\u96aa\u91cc\u7a0b\u7891\u7684\u7cbe\u9078\u958b\u767c\u5546\u3002\u521d\u7d1a\u516c\u53f8\u9700\u8981\u5177\u9ad4\u50ac\u5316\u5291\uff1a\u66f4\u65b0\u7684\u8cc7\u6e90\u6a21\u578b\u4e26\u63d0\u5347\u4fe1\u5fc3\u6c34\u6e96\u5206\u985e\u3001\u80fd\u63d0\u9ad8\u56de\u6536\u6216\u6539\u5584\u4ed8\u73fe\u6027\u7684\u51b6\u91d1\u7d50\u679c\uff0c\u4ee5\u53ca\u80fd\u5ef6\u9577\u8dd1\u9053\u4e14\u4e0d\u5e36\u56b4\u82db\u7a00\u91cb\u7684\u878d\u8cc7\u3002\u6ce8\u610f\u90a3\u4e9b\u901a\u5e38\u9818\u5148\u884c\u60c5\u7684\u4fe1\u865f\u2014\u2014ETF \u8f49\u70ba\u6de8\u6d41\u5165\u3001\u501f\u8cb8\u5229\u7387\u6536\u7dca\uff0c\u4ee5\u53ca\u901a\u5f80\u4e3b\u8981\u6d88\u8cbb\u5730\u5340\u7684\u9032\u53e3\u5831\u544a\u3002\u5982\u679c\u9019\u4e9b\u5728 South Africa \u8207 Russia \u7684\u4f9b\u61c9\u4ecd\u7136\u53d7\u9650\u7684\u540c\u6642\u589e\u5f37\uff0c\u5247\u66f4\u5f37\u7684\u767d\u91d1\u5b9a\u50f9\u8ad6\u9ede\u6210\u7acb\u3002<\/p>\n<h3>\u63a5\u4e0b\u4f86\u61c9\u95dc\u6ce8\u7684\u4e8b\u9805<\/h3>\n<p>\u5728\u63a5\u4e0b\u4f86\u5169\u500b\u5b63\u5ea6\uff0c\u8ffd\u8e64\u6c7d\u8eca\u88fd\u9020\u5546\u95dc\u65bc\u50ac\u5316\u5291\u8ca0\u8f09\u91cf\u7684\u8a55\u8ad6\u3001\u62c6\u8eca\u5ee0\u7684\u56de\u6536\u9ad4\u7a4d\uff0c\u4ee5\u53ca\u5357\u975e\u96fb\u529b\u4f9b\u61c9\u7684\u7a69\u5b9a\u6027\u3002\u5728\u653f\u7b56\u9762\uff0c\u95dc\u6ce8 US\u3001EU \u8207 Japan \u5728\u63a1\u8cfc\u8207\u95dc\u9375\u539f\u7269\u6599\u8a08\u756b\u4e0a\u7684\u4efb\u4f55\u7d0d\u5165\u6216\u512a\u5148\u5316\u767d\u91d1\u65cf\u91d1\u5c6c\u7684\u52d5\u5411\uff0c\u9019\u5c07\u52a0\u5287\u4f9b\u61c9\u5b89\u5168\u7684\u8cb7\u76e4\u3002\u6700\u5f8c\uff0c\u5728\u521d\u7d1a\u878d\u8cc7\u5e02\u5834\uff0c\u5c0b\u627e\u8cc7\u672c\u518d\u6b21\u734e\u52f5\u57fa\u672c\u9762\u7684\u8b49\u64da\u2014\u2014\u7b56\u7565\u6027\u8cfc\u92b7\u3001\u5340\u57df\u6295\u8cc7\u8005\u53c3\u8207\u8207\u5805\u5be6\u7684\u5730\u8cea\u6210\u679c\u3002\u5c0d\u8a72\u91d1\u5c6c\u7684\u5f37\u52c1\u6295\u8cc7\u9700\u6c42\u80fd\u63d0\u5347\u5e02\u5834\u60c5\u7dd2\uff0c\u4f46\u53ea\u6709\u7d00\u5f8b\u56b4\u8b39\u7684\u9805\u76ee\u624d\u80fd\u6355\u6349\u5230\u9019\u80a1\u9806\u98a8\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u767d\u91d1\u9700\u6c42\u6fc0\u589e\uff0c\u6295\u8cc7\u4eba\u8f49\u5411\u9632\u5b88\u5e03\u5c40\uff0c\u53d7\u5be6\u9ad4\u5e02\u5834\u7dca\u7e2e\u8207\u98a8\u96aa\u504f\u597d\u56de\u5347\u63a8\u52d5\uff0c\u5177\u5099\u5be6\u8cea\u5b9a\u50f9\u6b0a\u6f5b\u529b\uff0c\u4f46\u5efa\u8b70\u5c0d\u9762\u81e8\u878d\u8cc7\u56f0\u96e3\u8207\u56b4\u683c\u5be9\u6838\u7684\u521d\u7d1a\u8cb4\u91d1\u5c6c\u80a1\u4fdd\u6301\u8b39\u614e\u3002<\/p>\n","protected":false},"author":51,"featured_media":588512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[426],"tags":[2176,570,773],"class_list":["post-623715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news-zh-hant","tag-2176","tag-570","tag-773"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/623715","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\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=623715"}],"version-history":[{"count":1,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/623715\/revisions"}],"predecessor-version":[{"id":623730,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/623715\/revisions\/623730"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/588512"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=623715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=623715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=623715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}