{"id":747594,"date":"2026-03-17T12:05:38","date_gmt":"2026-03-17T04:05:38","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=747594"},"modified":"2026-03-17T12:05:38","modified_gmt":"2026-03-17T04:05:38","slug":"%e5%8d%8e%e5%b0%94%e8%a1%97%e5%85%b4%e8%b5%b7%e7%a8%8e%e5%8a%a1%e9%98%bf%e5%b0%94%e6%b3%95%e6%96%b0%e7%94%9f%e6%84%8f%ef%bc%9a%e5%b8%ae%e5%8a%a9%e7%be%8e%e5%9b%bd%e5%af%8c%e8%b1%aa%e5%88%b6%e9%80%a0","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=747594","title":{"rendered":"\u534e\u5c14\u8857\u5174\u8d77\u7a0e\u52a1\u963f\u5c14\u6cd5\u65b0\u751f\u610f\uff1a\u5e2e\u52a9\u7f8e\u56fd\u5bcc\u8c6a\u5236\u9020\u4e8f\u635f\u4ee5\u9012\u5ef6\u7f34\u7a0e"},"content":{"rendered":"<p>David Hauser\u70ed\u7231\u6307\u6570<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%8a%95%e8%b5%84\" title=\"View all posts in \u6295\u8d44\" target=\"_blank\" class=\"tag_link\">\u6295\u8d44<\/a>\uff0c\u4e5f\u51e0\u4e4e\u4e0d\u76f8\u4fe1\u804c\u4e1a\u57fa\u91d1\u7ecf\u7406\u80fd\u7528\u4ed6\u7684\u94b1\u62bc\u5bf9\u201c\u8d62\u5bb6\u201d\u3002\u4f46\u4ed6\u575a\u4fe1\uff0c\u8fd9\u4e9b\u4eba\u81f3\u5c11\u80fd\u62bc\u51fa\u4e00\u4e9b\u201c\u8f93\u5bb6\u201d\u3002\u56e0\u6b64\uff0c\u4ed6\u521a\u628a\u5927\u7ea6500\u4e07\u7f8e\u5143\u4ea4\u7ed9\u4e00\u5957\u91cf\u5316\u9009\u80a1<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%ad%96%e7%95%a5\" title=\"View all posts in \u7b56\u7565\" target=\"_blank\" class=\"tag_link\">\u7b56\u7565<\/a>\u2014\u2014\u5bf9\u65b9\u627f\u8bfa\u505a\u7684\u6070\u6070\u5c31\u662f\u201c\u5236\u9020\u4e8f\u635f\u201d\u3002<\/p>\n<p>\u4e0e\u5927\u591a\u6570\u4e3b\u52a8\u7b56\u7565\u4e0d\u540c\uff0cHauser\u9009\u62e9\u7684\u8fd9\u5957\u7b56\u7565\u76ee\u6807\u4e0d\u53ea\u662f\u963f\u5c14\u6cd5\uff08alpha\uff09\uff0c\u4e5f\u5c31\u662f\u8dd1\u8d62\u5927\u76d8\u7684\u8d85\u989d\u56de\u62a5\u3002\u5b83\u8fd8\u8ffd\u6c42\u6240\u8c13\u201c\u7a0e\u52a1\u963f\u5c14\u6cd5\u201d\uff08tax alpha\uff09\u2014\u2014\u901a\u8fc7\u964d\u4f4e\u7a0e\u5355\u5b9e\u73b0\u7684\u201c\u6536\u76ca\u201d\uff0c\u800c\u8fd9\u5728\u67d0\u4e9b\u60c5\u51b5\u4e0b\u751a\u81f3\u66f4\u6709\u4ef7\u503c\u3002\u8be5\u7b56\u7565\u901a\u8fc7\u5bf9\u4e0d\u540c\u80a1\u7968\u540c\u65f6\u505a\u591a\u548c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%81%9a%e7%a9%ba\" title=\"View all posts in \u505a\u7a7a\" target=\"_blank\" class=\"tag_link\">\u505a\u7a7a<\/a>\uff0c\u4e0d\u4ec5\u5e0c\u671b\u6574\u4f53\u8d5a\u94b1\uff0c\u8fd8\u529b\u56fe\u5728\u8fc7\u7a0b\u4e2d\u4ea7\u751f\u4e8f\u635f\uff0c\u7528\u4e8e\u62b5\u6263\u8d44\u672c\u5229\u5f97\uff0c\u4ece\u800c\u964d\u4f4e\u8fd9\u4f4d\u4f01\u4e1a\u5bb6\u5e94\u7f34\u7ed9\u653f\u5e9c\u7684\u7a0e\u6b3e\u3002<\/p>\n<p>\u201c\u6211\u5f53\u65f6\u60f3\uff0c\u4e0d\u627f\u62c5\u663e\u8457<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%a3%8e%e9%99%a9\" title=\"View all posts in \u98ce\u9669\" target=\"_blank\" class=\"tag_link\">\u98ce\u9669<\/a>\uff0c\u8fd9\u6839\u672c\u4e0d\u53ef\u80fd\u505a\u5230\uff0c\u201d\u5c45\u4f4f\u5728\u62c9\u65af\u7ef4\u52a0\u65af\u7684Hauser\u56de\u5fc6\u81ea\u5df1\u7b2c\u4e00\u6b21\u770b\u5230\u63a8\u4ecb\u6750\u6599\u65f6\u8bf4\u3002\u201c\u4f46\u6df1\u5165\u7814\u7a76\u540e\uff0c\u6211\u89c9\u5f97\u5b83\u7684\u98ce\u9669\u7279\u5f81\u5bf9\u6211\u6765\u8bf4\u662f\u53ef\u63a5\u53d7\u7684\u3002\u201d<\/p>\n<p>Hauser\u7684\u6295\u8d44\u7b56\u7565\uff0c\u662f\u4e00\u4e2a\u65b9\u5174\u672a\u827e\u7684\u4ea4\u6613\u751f\u6001\u7684\u4e00\u90e8\u5206\u3002\u968f\u7740\u591a\u5e74\u6765\u5e02\u573a\u6301\u7eed\u4e0a\u6da8\u3001\u5e94<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%a8%8e%e6%94%b6\" title=\"View all posts in \u7a0e\u6536\" target=\"_blank\" class=\"tag_link\">\u7a0e\u6536<\/a>\u76ca\u7d2f\u79ef\uff0c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%8d%8e%e5%b0%94%e8%a1%97\" title=\"View all posts in \u534e\u5c14\u8857\" target=\"_blank\" class=\"tag_link\">\u534e\u5c14\u8857<\/a>\u6b63\u7ade\u76f8\u5e2e\u52a9<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%be%8e%e5%9b%bd\" title=\"View all posts in \u7f8e\u56fd\" target=\"_blank\" class=\"tag_link\">\u7f8e\u56fd<\/a>\u5bcc\u88d5\u4eba\u7fa4\u5e94\u5bf9\u7a0e\u8d1f\u3002\u76ee\u524d\uff0c\u6295\u5165\u5404\u7c7b\u7a0e\u52a1\u4f18\u5316\u7b56\u7565\u7684\u8d44\u91d1\u5df2\u8d85\u8fc71\u4e07\u4ebf\u7f8e\u5143\uff0c\u8986\u76d6\u4ece<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%af%b9%e5%86%b2%e5%9f%ba%e9%87%91\" title=\"View all posts in \u5bf9\u51b2\u57fa\u91d1\" target=\"_blank\" class=\"tag_link\">\u5bf9\u51b2\u57fa\u91d1<\/a>\u3001\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1\uff08ETF\uff09\u5230\u4e2a\u4eba\u8d26\u6237\u7b49\u591a\u79cd\u8f7d\u4f53\u3002<\/p>\n<p>\u7531\u4e8e\u6295\u8d44\u8005\u6bcf\u7701\u4e0b\u4e00\u7f8e\u5143\u7a0e\u6b3e\uff0c\u5c31\u610f\u5473\u7740\u653f\u5e9c\u5c11\u6536\u4e00\u7f8e\u5143\uff0c\u8fd9\u4e00\u884c\u4e1a\u7684\u7206\u53d1\u5f0f\u589e\u957f\u5728\u4e00\u4e9b\u5708\u5b50\u91cc\u6572\u54cd\u8b66\u949f\u2014\u2014\u5c24\u5176\u662f\u5728\u8d22\u5bcc\u4e0d\u5e73\u7b49\u6269\u5927\u3001\u8d22\u653f\u8d64\u5b57\u4e0a\u5347\u7684\u80cc\u666f\u4e0b\u3002\u7f8e\u56fd<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e8%b4%a2%e6%94%bf%e9%83%a8\" title=\"View all posts in \u8d22\u653f\u90e8\" target=\"_blank\" class=\"tag_link\">\u8d22\u653f\u90e8<\/a>\u51c6\u5907\u5bf9\u81f3\u5c11\u5176\u4e2d\u4e00\u79cd\u7b56\u7565\u52a0\u5f3a\u5ba1\u67e5\u3002\u4e0d\u8fc7\u6279\u8bc4\u8005\u8ba4\u4e3a\uff0c\u5b98\u65b9\u9700\u8981\u505a\u5f97\u66f4\u591a\uff0c\u624d\u80fd\u904f\u5236\u8fd9\u4e9b\u505a\u6cd5\uff1b\u4e0e\u6b64\u540c\u65f6\uff0c\u8fd9\u4e9b\u7b56\u7565\u4e5f\u8ba9\u6295\u8d44\u8005\u66b4\u9732\u5728\u65b0\u7684\u98ce\u9669\u4e4b\u4e0b\u3002<\/p>\n<p>\u5373\u4fbf\u5982\u6b64\uff0c\u5bcc\u88d5\u7684\u7f8e\u56fd\u4eba\u4ecd\u8d8b\u4e4b\u82e5\u9e5c\u3002\u5728\u88ab\u52a8\u57fa\u91d1\u4e0e\u4f4e\u8d39\u7387ETF\u5438\u8d70\u5927\u591a\u6570\u8d44\u91d1\u7684\u65f6\u4ee3\uff0c\u8fd9\u80a1\u201c\u7a0e\u52a1\u963f\u5c14\u6cd5\u201d\u6d6a\u6f6e\u4e3a\u8d44\u4ea7\u7ba1\u7406\u884c\u4e1a\u5e26\u6765\u65b0\u7684\u6536\u5165\u6765\u6e90\uff0c\u4e5f\u63d0\u4f9b\u4e86\u4e00\u6761\u91cd\u65b0\u83b7\u5f97\u5e02\u573a\u5173\u6ce8\u7684\u8def\u5f84\u3002<\/p>\n<p>\u201c\u7a0e\u52a1\u963f\u5c14\u6cd5\u662f\u4f60\u80fd\u5151\u73b0\u7684\u6700\u7a33\u5b9a\u7684\u8d85\u989d\u8868\u73b0\u6765\u6e90\uff0c\u201d\u603b\u90e8\u4f4d\u4e8e\u4e39\u4f5b\u3001\u4e13\u6ce8\u670d\u52a1\u5e94\u7a0e\u9ad8\u51c0\u503c\u5ba2\u6237\u7684Quantitative Financial Strategies\u521b\u59cb\u4ebaSamuel Harnisch\u8bf4\u3002<\/p>\n<p>\u7a0e\u52a1\u963f\u5c14\u6cd5\u7b56\u7565\u5728\u76ee\u6807\u3001\u590d\u6742\u5ea6\u4e0e\u6fc0\u8fdb\u7a0b\u5ea6\u4e0a\u5dee\u5f02\u5f88\u5927\u3002\u8f83\u201c\u6e29\u548c\u201d\u7684\u4e00\u7aef\uff0c\u662f\u6240\u8c13\u201c\u4e0d\u5206\u914d\u201dETF\uff1a\u901a\u8fc7\u62e9\u65f6\u5356\u51fa\u80a1\u7968\u6765\u907f\u514d\u4ea7\u751f\u6536\u76ca\u5206\u914d\uff0c\u4ece\u800c\u51cf\u5c11\u57fa\u91d1\u7684\u5e94\u7a0e\u6536\u5165\u3002\u66f4\u201c\u6fc0\u8fdb\u201d\u7684\u4e00\u7aef\uff0c\u5219\u6709\u4e00\u4e9b\u4e13\u95e8\u5316\u5bf9\u51b2\u57fa\u91d1\u4ea7\u54c1\uff0c\u901a\u8fc7\u5236\u9020\u53ef\u62b5\u6263\u7684\u8d39\u7528\uff0c\u5c06\u5176\u7528\u6765\u62b5\u6263\u6295\u8d44\u6536\u5165\u751a\u81f3\u5de5\u8d44\u6536\u5165\u3002<\/p>\n<p>\u636e\u4e00\u4f4d\u5e7f\u53d7\u5173\u6ce8\u7684\u7a0e\u52a1\u535a\u4e3bBrent Sullivan\u4f30\u7b97\uff0c\u50cfHauser\u6240\u91c7\u7528\u7684\u201c\u7a0e\u52a1\u610f\u8bc6\u591a\u7a7a\u7b56\u7565\u201d\uff08tax-aware long-short\uff09\u76ee\u524d\u5438\u5f15\u7684\u8d44\u91d1\u5df2\u8d85\u8fc71000\u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u5728\u5bf9\u51b2\u57fa\u91d1\u9886\u57df\uff0c\u5bf9\u201c\u7a0e\u52a1\u963f\u5c14\u6cd5\u201d\u7684\u8ffd\u9010\u6b63\u8fbe\u5230\u9ad8\u5cf0\u3002\u8fc7\u53bb\u5bf9\u51b2\u57fa\u91d1\u5e76\u4e0d\u592a\u5173\u6ce8\u7a0e\u52a1\uff0c\u56e0\u4e3a\u5176\u4e3b\u8981\u5ba2\u6237\u5982\u517b\u8001\u91d1\u3001\u6350\u8d60\u57fa\u91d1\u901a\u5e38\u514d\u7a0e\u3002\u4f46\u5728\u5176\u4ed6\u6295\u8d44\u8005\u9700\u6c42\u6fc0\u589e\u7684\u80cc\u666f\u4e0b\uff0c\u8bb8\u591a\u673a\u6784\u6b63\u628a\u65e2\u6709\u7b56\u7565\u201c\u6539\u88c5\u201d\u4ee5\u9002\u914d\u8fd9\u4e00\u65b0\u5e02\u573a\u3002<\/p>\n<p>\u54e5\u4f26\u6bd4\u4e9a\u5546\u5b66\u9662\u52a9\u7406\u6559\u6388Federico Mainardi\u7684\u4e00\u7bc7\u6700\u65b0\u8bba\u6587\u53d1\u73b0\uff1a\u4e0e\u4e0d\u90a3\u4e48\u5bcc\u88d5\u7684\u5bb6\u5ead\u76f8\u6bd4\uff0c\u7f8e\u56fd\u6700\u5bcc\u6709\u4eba\u7fa4\u5b9e\u73b0\u7684\u6536\u76ca\u5360\u6bd4\u66f4\u5c0f\u3001\u5b9e\u73b0\u7684\u635f\u5931\u66f4\u591a\uff0c\u5c24\u5176\u5728\u4f7f\u7528\u79c1\u4eba\u94f6\u884c\u670d\u52a1\u65f6\u66f4\u660e\u663e\u3002\u4ed6\u4f30\u7b97\uff0c\u5982\u679c\u6ca1\u6709\u8fd9\u6837\u7684\u7a0e\u52a1\u963f\u5c14\u6cd5\uff0c\u5728\u672a\u676530\u5e74\u91cc\uff0c\u6700\u5bcc\u6709\u76841%\u4eba\u7fa4\u6240\u6301\u8d22\u5bcc\u4efd\u989d\u5c06\u5c11\u589e3.5\u4e2a\u767e\u5206\u70b9\u3002<\/p>\n<p>\u201c\u5355\u9760\u8d22\u5bcc\u672c\u8eab\u4e0d\u8db3\u4ee5\u89e3\u91ca\u4f60\u5b9e\u73b0\u6536\u76ca\u4e0e\u635f\u5931\u5360\u6bd4\u7684\u5dee\u5f02\uff0c\u201dMainardi\u8bf4\u3002\u201c\u771f\u6b63\u5173\u952e\u7684\u662f\u8d22\u5bcc\u4e0e\u590d\u6742\u3001\u4e13\u4e1a\u7684\u91d1\u878d\u987e\u95ee\u4f53\u7cfb\u7ed3\u5408\uff0c\u5c24\u5176\u662f\u79c1\u4eba\u94f6\u884c\u3002\u201d<\/p>\n<p>\u7a0e\u52a1\u4f18\u5316\u751f\u6001\u7684\u5feb\u901f\u81a8\u80c0\uff0c\u81ea\u7136\u4e5f\u62db\u6765\u5927\u91cf\u6279\u8bc4\u3002\u53cd\u5bf9\u8005\u8ba4\u4e3a\uff0c\u4ee5\u516c\u5171\u8d22\u653f\u6536\u5165\u4e3a\u4ee3\u4ef7\u964d\u4f4e\u5bcc\u4eba\u7a0e\u8d1f\uff0c\u5728\u4f26\u7406\u4e0a\u7ad9\u4e0d\u4f4f\u811a\uff0c\u5c24\u5176\u5f53\u6700\u5927\u53d7\u76ca\u8005\u5f80\u5f80\u662f\u6700\u5bcc\u4eba\u7fa4\u3001\u4ece\u800c\u8fdb\u4e00\u6b65\u52a0\u5267\u4e0d\u5e73\u7b49\u65f6\u3002<\/p>\n<p>\u8bb8\u591a\u7b56\u7565\u4e4b\u6240\u4ee5\u6210\u4e3a\u53ef\u80fd\u6216\u66f4\u666e\u53ca\uff0c\u4e00\u4e2a\u539f\u56e0\u662f\u6280\u672f\u8fdb\u6b65\u8fdc\u8fdc\u5feb\u4e8e\u6570\u5341\u5e74\u524d\u5236\u5b9a\u7684\u7a0e\u6cd5\u6846\u67b6\u3002<\/p>\n<p>\u201c\u91d1\u878d\u5de5\u7a0b\u53ea\u4f1a\u8d8a\u6765\u8d8a\u5148\u8fdb\uff0c\u201d\u66fe\u5728Ropes &amp; Gray LLP\u4efb\u5408\u4f19\u4eba\uff0c\u4e5f\u66fe\u5728\u7f8e\u56fd\u56fd\u4f1a\u7a0e\u6536\u8054\u5408\u59d4\u5458\u4f1a\u62c5\u4efb\u7acb\u6cd5\u987e\u95ee\u7684Steve Rosenthal\u8bf4\uff0c\u201c\u8ba1\u7b97\u673a\u66f4\u5927\u3001\u66f4\u5f3a\uff0c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e4%ba%ba%e5%b7%a5%e6%99%ba%e8%83%bd\" title=\"View all posts in \u4eba\u5de5\u667a\u80fd\" target=\"_blank\" class=\"tag_link\">\u4eba\u5de5\u667a\u80fd<\/a>\u4e5f\u8fd1\u5728\u773c\u524d\u3002\u6211\u4eec\u5374\u6709\u4e00\u5957\u8001\u65e7\u8fc7\u65f6\u7684\u7a0e\u5236\u7cfb\u7edf\uff0c\u5728\u73b0\u4ee3\u91d1\u878d\u5de5\u7a0b\u63d0\u4f9b\u7684\u9ad8\u5ea6\u7075\u6d3b\u6027\u9762\u524d\u75b2\u4e8e\u5e94\u5bf9\u3002\u201d<\/p>\n<p>\u534e\u5c14\u8857\u8bb8\u591a\u7a0e\u52a1\u4f18\u5316\u7b56\u7565\u5f3a\u8c03\u7684\u662f\u201c\u9012\u5ef6\u201d\uff0c\u800c\u975e\u201c\u89c4\u907f\u201d\u7f34\u7a0e\u3002\u56e0\u6b64\uff0c\u5f53\u6295\u8d44\u8005\u6700\u7ec8\u53d8\u73b0\u6295\u8d44\u7ec4\u5408\u65f6\uff0c\u4ecd\u9700\u5c31\u81ea\u9996\u6b21\u6295\u8d44\u4ee5\u6765\u7d2f\u79ef\u7684\u5229\u6da6\u7f34\u7a0e\u3002<\/p>\n<p>\u8fd9\u4e5f\u662f\u7a0e\u52a1\u963f\u5c14\u6cd5\u4e4b\u6240\u4ee5\u6210\u4e3a\u8d44\u7ba1\u884c\u4e1a\u6447\u94b1\u6811\u7684\u539f\u56e0\uff1a\u5b83\u5f80\u5f80\u628a\u5ba2\u6237\u201c\u9501\u201d\u5728\u65b9\u6848\u91cc\uff0c\u56e0\u4e3a\u5ba2\u6237\u4e00\u65e6\u9000\u51fa\u5c31\u53ef\u80fd\u89e6\u53d1\u7a0e\u5355\u3002<\/p>\n<p>\u5982\u679c\u6295\u8d44\u8005\u672a\u6765\u8ba1\u5212\u9000\u4f11\u3001\u8fdb\u5165\u66f4\u4f4e\u7a0e\u7387\u6863\uff0c\u6216\u642c\u5230\u7a0e\u8d1f\u66f4\u4f4e\u7684\u5dde\uff0c\u9012\u5ef6\u7b56\u7565\u5c24\u5176\u201c\u5212\u7b97\u201d\u3002\u800c\u7ec8\u6781\u7684\u7a0e\u52a1\u6548\u7387\u73a9\u6cd5\uff0c\u662f\u628a\u9012\u5ef6\u4e00\u76f4\u5ef6\u7eed\u5230\u8eab\u6545\uff1a\u5c4a\u65f6\u7f8e\u56fd\u7a0e\u6cd5\u4f1a\u91cd\u7f6e\u8bc1\u5238\u7684\u201c\u6210\u672c\u57fa\u7840\u201d\u4e5f\u5c31\u662f\u8d2d\u5165\u4ef7\u683c\uff0c\u8d44\u4ea7\u4f20\u627f\u65f6\u7531\u6b64\u4ea7\u751f\u660e\u663e\u7a0e\u52a1\u4f18\u52bf\u3002<\/p>\n<p>Hauser\u575a\u4fe1\uff0c\u4ed6\u6bd4\u653f\u5e9c\u66f4\u61c2\u5f97\u5982\u4f55\u82b1\u6389\u81ea\u5df1\u7684\u94b1\uff0c\u56e0\u6b64\u4ed6\u5bf9\u53bb\u4e16\u540e\u7684\u9057\u4ea7\u7a0e\u505a\u4e86\u76f8\u5f53\u591a\u7684\u4f18\u5316\u3002<\/p>\n<p>\u8fd9\u4f4d43\u5c81\u3001\u80b2\u6709\u4e09\u4e2a\u5b69\u5b50\u7684\u7236\u4eb2\u8bf4\uff1a\u201c\u6211\u662f\u5728\u4e3a\u90a3\u4e9b\u6211\u53ef\u80fd\u6c38\u8fdc\u4e0d\u4f1a\u5b9e\u73b0\u7684\u4e1c\u897f\u7701\u7a0e\uff0c\u8fd9\u624d\u662f\u7ec8\u6781\u9012\u5ef6\u3002\u201d<\/p>\n<div><\/div>\n<p>  <script type=\"text\/javascript\" src=\"\/\/finance.sina.com.cn\/tgdata\/zw_account_stock.js\" charset=\"utf-8\"><\/script>                                                                                                     <\/p>\n<p>\u8d23\u4efb\u7f16\u8f91\uff1a\u4e8e\u5065 SF069<\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Hauser\u70ed\u7231\u6307\u6570\u6295\u8d44\uff0c\u4e5f\u51e0\u4e4e\u4e0d\u76f8\u4fe1\u804c\u4e1a\u57fa\u91d1\u7ecf\u7406\u80fd\u7528\u4ed6\u7684\u94b1\u62bc\u5bf9\u201c\u8d62\u5bb6\u201d\u3002\u4f46\u4ed6\u575a\u4fe1\uff0c\u8fd9\u4e9b\u4eba\u81f3\u5c11\u80fd\u62bc [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":[],"categories":[4],"tags":[172,148,368,142,80,241,177,88,367,184,192],"views":22,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/747594"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=747594"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/747594\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=747594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=747594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=747594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}