{"id":667879,"date":"2026-10-08T03:01:35","date_gmt":"2026-10-08T10:01:35","guid":{"rendered":"https:\/\/nai500.com\/?p=667879"},"modified":"2026-10-08T04:26:00","modified_gmt":"2026-10-08T11:26:00","slug":"%e7%a7%81%e4%ba%ba%e5%82%b5%e5%8b%99%e7%9a%84%e4%bf%a1%e7%94%a8%e6%99%82%e9%90%98%e6%ad%a3%e5%9c%a8%e5%80%92%e6%95%b8","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/10\/%e7%a7%81%e4%ba%ba%e5%82%b5%e5%8b%99%e7%9a%84%e4%bf%a1%e7%94%a8%e6%99%82%e9%90%98%e6%ad%a3%e5%9c%a8%e5%80%92%e6%95%b8\/","title":{"rendered":"\u79c1\u4eba\u4fe1\u8cb8\u5e02\u5834\u7684 “\u5b9a\u6642\u70b8\u5f48”\uff1a\u96f6\u5229\u7387\u6642\u4ee3\u8cb8\u6b3e\u96c6\u4e2d\u5230\u671f"},"content":{"rendered":"

\u5728\u65b0\u52a0\u5761\u8209\u884c\u7684 Milken Asia Summit 2026 \u4e0a\uff0c\u591a\u4f4d\u6295\u8cc7\u4eba\u767c\u51fa\u8b66\u544a\uff1a\u4f4e\u5229\u7387\u6642\u671f\u5927\u8209\u501f\u50b5\u7684\u501f\u6b3e\u4eba\uff0c\u96a8\u8457\u9019\u4e9b\u8cb8\u6b3e\u9678\u7e8c\u5230\u671f\uff0c\u5c07\u9762\u81e8\u518d\u878d\u8cc7\u58d3\u529b\u3002\u5e02\u5834\u64d4\u6182\u7684\u6838\u5fc3\u4e26\u975e\u5009\u4fc3\u767c\u653e\u7684\u8cb8\u6b3e\uff0c\u800c\u662f\u5728\u57fa\u6e96\u5229\u7387\u63a5\u8fd1\u96f6\u6642\u3001\u4e8e “\u8212\u9069” \u74b0\u5883\u4e0b\u627f\u92b7\u7684\u90a3\u6279\u50b5\u52d9\u3002<\/p>\n

\u96f6\u5229\u7387\u907a\u7522\u96c6\u4e2d\u5230\u671f\uff1a2021\u20132022 \u5e74\u4efd\u8cb8\u6b3e\u88ab\u9ede\u540d\u6700\u8106\u5f31<\/h2>\n

Lord, Abbett & Co. \u5408\u5925\u4eba\u517c\u79c1\u4eba\u6295\u8cc7\u4e3b\u7ba1 Steve Kuppenheimer \u6307\u51fa\uff0c2021 \u5e74\u548c 2022 \u5e74\u627f\u92b7\u7684\u8cb8\u6b3e\u5c24\u5176\u8106\u5f31\uff0c\u56e0\u70ba\u5176\u5e95\u5c64\u5b9a\u50f9\u662f\u5728\u57fa\u6e96\u5229\u7387\u63a5\u8fd1\u96f6\u7684\u74b0\u5883\u4e0b\u5b8c\u6210\u7684\u3002\u4ed6\u540c\u6642\u8868\u793a\uff0c\u201c\u6211\u8a8d\u70ba\u6211\u5011\u76ee\u524d\u6b63\u8655\u65bc\u4e00\u500b\u76f8\u5c0d\u8f03\u9ad8\u7684\u9055\u7d04\u9031\u671f\u3002”<\/p>\n

\u9019\u4e00\u5224\u65b7\u4e26\u975e\u9810\u6e2c\u5d29\u76e4\uff0c\u800c\u662f\u63d0\u793a\uff1a\u4fe1\u8cb8\u9031\u671f\u4e26\u4e0d\u6703\u56e0\u70ba\u8cc7\u672c\u5f9e\u516c\u958b\u5e02\u5834\u8f49\u79fb\u5230\u79c1\u4eba\u5e02\u5834\u5c31\u6d88\u5931\u3002\u79c1\u4eba\u4fe1\u8cb8\u6b64\u524d\u88ab\u8996\u70ba\u516c\u958b\u50b5\u52d9\u7684 “\u9748\u6d3b\u8868\u89aa”\uff0c\u5728\u9280\u884c\u7336\u8c6b\u4e4b\u8655\u8fc5\u901f\u586b\u88dc\u7a7a\u767d\uff1b\u4f46\u6760\u6746\u6709\u8a18\u61b6 \u2014\u2014 \u5728\u5bec\u9b06\u6c23\u5019\u4e0b\u95dc\u9589\u7684\u4ea4\u6613\uff0c\u4e26\u4e0d\u6703\u56e0\u70ba\u7576\u521d\u6c23\u5019\u5b9c\u4eba\u5c31\u8b8a\u6210\u6c38\u6046\u5b89\u5168\u7684\u8cc7\u7522\uff0c\u8cec\u55ae\u53ea\u6703\u5728\u5f8c\u4f86\u9001\u9054\uff0c\u800c\u6070\u6070\u662f “\u5f8c\u4f86”\uff0c\u6295\u8cc7\u8005\u50be\u5411\u4e8e\u5fd8\u8a18\u7576\u521d\u9054\u6210\u7684\u539f\u59cb\u4ea4\u6613\u689d\u6b3e\u3002<\/p>\n

\u9055\u7d04\u7387\u5347\u81f3 3\u20134%\uff1a\u9ad8\u65bc\u9577\u671f\u5747\u503c\u7684\u96b1\u5f62\u58d3\u529b<\/h2>\n

\u7576\u524d\u79c1\u4eba\u4fe1\u8cb8\u9055\u7d04\u7387\u904b\u884c\u5728\u7d04 3%\u20134% \u5340\u9593\uff0c\u9ad8\u65bc\u7d04 2% \u7684\u9577\u671f\u5747\u503c\u3002\u7d19\u9762\u5dee\u8ddd\u770b\u4f3c\u53ef\u63a7\uff0c\u4f46\u5be6\u969b\u4fe1\u865f\u662f\uff1a\u5e02\u5834\u627f\u53d7\u7684\u58d3\u529b\u5df2\u7d93\u9ad8\u65bc\u6b77\u53f2\u57fa\u6e96\u3002<\/p>\n

Apollo Global Management \u4e9e\u592a\u4fe1\u8cb8\u8207\u6df7\u5408\u8cc7\u7522\u806f\u5e2d\u4e3b\u7ba1 Brigitte Posch \u6307\u51fa\uff0c\u90e8\u5206\u884c\u696d\u9762\u81e8\u66f4\u5927\u7684\u518d\u878d\u8cc7\u58d3\u529b\uff0c\u539f\u56e0\u5728\u65bc\u5229\u7387\u66f4\u9ad8\u3001\u8cc7\u7522\u50f9\u503c\u76f8\u5c0d\u8ca0\u50b5\u66f4\u4f4e \u2014\u2014 \u8cc7\u91d1\u66f4\u8cb4\u8207\u62b5\u62bc\u54c1\u66f4\u5f31\u6b63\u9762\u76f8\u649e\u3002\u5979\u540c\u6642\u900f\u9732\uff0cApollo \u904e\u53bb\u4e00\u5e74\u5728\u4e9e\u592a\u5e02\u5834\u90e8\u7f72\u4e86\u7d04 $80 \u5104\u7f8e\u5143\uff0c\u986f\u793a\u5728\u74b0\u5883\u8f49\u56b4\u4e4b\u969b\u8cc7\u672c\u4ecd\u5728\u6d3b\u8e8d\u3002<\/p>\n

Bridgepoint Credit \u7ba1\u7406\u5408\u5925\u4eba Andrew Konopelski \u5247\u6307\u51fa\u4e86\u53e6\u4e00\u500b\u7d50\u69cb\u6027\u554f\u984c\uff1a\u8cb8\u6b3e\u4eba\u901a\u5e38\u7121\u6cd5\u63a7\u5236\u79c1\u52df\u80a1\u6b0a\u6240\u6709\u8005\u4f55\u6642\u9000\u51fa\u3002\u5728\u516c\u958b\u5e02\u5834\uff0c\u9000\u51fa\u6642\u9ede\u76f8\u5c0d\u53ef\u898b\uff1b\u5728\u79c1\u4eba\u5e02\u5834\uff0c\u9000\u51fa\u6642\u6a5f\u53ef\u4ee5\u88ab\u5354\u5546\u3001\u63a8\u9072\u6216\u5bc4\u671b\u65bc\u597d\u8f49 \u2014\u2014 \u4f46 “\u5e0c\u671b” \u4e26\u4e0d\u662f\u5951\u7d04\u3002<\/p>\n

\u6fb3\u6d32\u76e3\u7ba1\u51fa\u624b\uff1a1.8 \u842c\u5104\u7f8e\u5143\u5e02\u5834\u8fce\u4f86\u5be9\u8996<\/h2>\n

\u79c1\u4eba\u4fe1\u8cb8\u884c\u696d\u898f\u6a21\u7d04 $1.8 \u842c\u5104\u7f8e\u5143\uff0c\u9ad4\u91cf\u4e4b\u5927\u5bb9\u6613\u8b93\u4eba\u8aa4\u4ee5\u70ba\u5b83\u5df2\u662f\u6210\u719f\u7a69\u56fa\u7684\u9ad4\u7cfb\uff0c\u800c\u975e\u4ecd\u5728\u9069\u61c9\u4e2d\u7684\u7d50\u69cb\u3002\u4f46\u5927\u578b\u9ad4\u7cfb\u7684\u58d3\u529b\u53ea\u662f\u88ab\u5206\u6563\u3001\u800c\u975e\u88ab\u6d88\u9664\uff0c\u98a8\u96aa\u5728\u5404\u8cc7\u7522\u8ca0\u50b5\u8868\u4e4b\u9593\u9077\u79fb\uff0c\u76f4\u5230\u4e0d\u772f\u8d77\u773c\u775b\u5c31\u770b\u4e0d\u6e05\u6574\u689d\u93c8\u689d\u3002<\/p>\n

\u6fb3\u5927\u5229\u4e9e\u76e3\u7ba1\u6a5f\u69cb\u9031\u56db\u66ab\u6642\u7981\u6b62\u53e6\u5916\u4e09\u96bb\u79c1\u4eba\u4fe1\u8cb8\u7522\u54c1\u9762\u5411\u96f6\u552e\u92b7\u552e\u3002\u76e3\u7ba1\u8b39\u614e\u4e26\u4e0d\u7b49\u65bc\u5371\u6a5f\uff0c\u4f46\u8868\u660e\u8a72\u884c\u696d\u7684\u589e\u9577\u5728\u5438\u5f15\u8cc7\u672c\u7684\u540c\u6642\uff0c\u4e5f\u5728\u5438\u5f15\u5be9\u8996\u3002<\/p>\n

\u6295\u8cc7\u4eba\u7684\u7d50\u8ad6\u4e26\u975e\u79c1\u4eba\u4fe1\u8cb8\u5df2\u58de\uff0c\u800c\u662f\u5b83\u6b63\u88ab\u8feb\u66b4\u9732\u90a3\u4e9b “\u70ba\u53e6\u4e00\u500b\u6642\u4ee3\u5efa\u9020” \u7684\u90e8\u5206\u3002\u70ba\u58d3\u529b\u800c\u8a2d\u8a08\u7684\u4ea4\u6613\uff0c\u8207\u50c5\u5728\u5e73\u975c\u4e2d\u88ab\u8ce3\u51fa\u7684\u4ea4\u6613\uff0c\u5c07\u5728\u672a\u4f86\u5e7e\u5e74\u88ab\u5340\u5206\u958b\u4f86\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5982\u679c\u79c1\u4eba\u4fe1\u8cb8\u7684\u5371\u96aa\u4e0d\u5728\u65bc\u5009\u4fc3\u653e\u8cb8\uff0c\u800c\u5728\u65bc\u5b89\u9038\u653e\u8cb8\uff0c\u90a3\u6703\u600e\u6a23\uff1f\u9019\u6b63\u662f\u5e02\u5834\u5982\u4eca\u6d6e\u73fe\u7684\u919c\u964b\u6096\u8ad6\uff1a\u5728\u5229\u7387\u63a5\u8fd1\u96f6\u6642\u501f\u5165\u7684\u8cc7\u91d1\uff0c\u7576\u5b83\u5728\u4e00\u500b\u5df2\u4e0d\u518d\u50cf\u5176\u8a95\u751f\u6642\u7684\u4e16\u754c\u88e1\u5230\u671f\u6642\uff0c\u53ef\u80fd\u6210\u70ba\u554f\u984c\u5152\u7ae5\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":[429],"tags":[2165,574],"class_list":["post-667879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics-politics-zh-hant","tag--zh-hant","tag-574"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/667879","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\/52"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=667879"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/667879\/revisions"}],"predecessor-version":[{"id":667914,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/667879\/revisions\/667914"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/587487"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=667879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=667879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=667879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}