{"id":787481,"date":"2026-05-27T08:49:03","date_gmt":"2026-05-27T00:49:03","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=787481"},"modified":"2026-05-27T08:49:03","modified_gmt":"2026-05-27T00:49:03","slug":"%e4%ba%8b%e5%85%b3%e9%9c%8d%e5%b0%94%e6%9c%a8%e5%85%b9%e5%92%8c%e6%b2%b9%e4%bb%b7%ef%bc%81%e5%8d%8e%e5%b0%94%e8%a1%97%e7%be%a4%e8%b5%b7%e5%8f%8d%e9%a9%b3%e7%99%bd%e5%ae%ab","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=787481","title":{"rendered":"\u4e8b\u5173\u970d\u5c14\u6728\u5179\u548c\u6cb9\u4ef7\uff01\u534e\u5c14\u8857\u201c\u7fa4\u8d77\u53cd\u9a73\u201d\u767d\u5bab"},"content":{"rendered":"<p>\u7f8e\u4e1c\u65f6\u95f4\u5468\u4e8c\uff0c<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>\u767d\u5bab\u9996\u5e2d\u7ecf\u6d4e\u987e\u95ee\u51ef\u6587\u00b7\u54c8\u585e\u7279\uff08Kevin Hassett\uff09\u5728\u63a5\u53d7<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%aa%92%e4%bd%93\" title=\"View all posts in \u5a92\u4f53\" target=\"_blank\" class=\"tag_link\">\u5a92\u4f53<\/a>\u91c7\u8bbf\u65f6\u627f\u8bfa\uff0c\u201c\u4e00\u65e6\u6d77\u5ce1\u5f00\u653e\uff0c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e8%83%bd%e6%ba%90\" title=\"View all posts in \u80fd\u6e90\" target=\"_blank\" class=\"tag_link\">\u80fd\u6e90<\/a>\u4ef7\u683c\u5c06\u4f1a\u4ee5\u524d\u6240\u672a\u6709\u7684\u901f\u5ea6\u66b4\u8dcc\u3002\u201d<\/p>\n<p>\u4ed6\u4e0a\u5468\u672b\u8fd8\u79f0\uff0c\u8fbe\u6210\u534f\u8bae\u53ef\u4ee5\u201c\u51e0\u4e4e\u7acb\u5373\u8865\u5145\uff08\u5168\u7403\uff09\u70bc\u6cb9\u5382\u7684\u71c3\u6599\u201d\uff0c\u5e76\u7ed9\u51fa\u4e86\u201c\u4e00\u4e2a\u6708\u5230\u4e24\u4e2a\u6708\u201d\u7684\u65f6\u95f4\u8868\u3002<\/p>\n<p>\u7136\u800c\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>\u5bf9\u6b64\u5e76\u201c\u4e0d\u4e70\u8d26\u201d\uff0c\u7ed9\u51fa\u4e86\u4e0d\u540c\u89c2\u70b9\u3002<\/p>\n<p><strong>\u534e\u5c14\u8857\u9876\u7ea7<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><span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK1283\" data-code=\"90,BK1283\" rel=\"noopener\">\u94f6\u884c<\/a><\/span><span><\/span>Piper Sandler\u5e76\u4e0d\u76f8\u4fe1\u4f0a\u6717\u5373\u5c06\u8fbe\u6210\u534f\u8bae\u7684\u8bf4\u6cd5\u3002<\/strong>\u5b83\u544a\u8bc9\u5ba2\u6237\uff0c\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u57fa\u672c\u4e0a\u5c06\u7ee7\u7eed\u4fdd\u6301\u5173\u95ed\u72b6\u6001\uff0c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%9f%b3%e6%b2%b9\" title=\"View all posts in \u77f3\u6cb9\" target=\"_blank\" class=\"tag_link\">\u77f3\u6cb9<\/a>\u4ef7\u683c\u5c06\u521b\u4e0b\u65b0\u9ad8\u3002<\/p>\n<p>\u6839\u636e\u8be5\u6295\u8d44<span web=\"1\"  target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK1283\" data-code=\"90,BK1283\">\u94f6\u884c<\/span>\u80fd\u6e90\u548c\u5b8f\u89c2\u56e2\u961f\u6700\u65b0\u53d1\u5e03\u7684\u4e00\u4efd\u62a5\u544a\uff0c<strong>\u201c\u6211\u4eec\u8ba4\u4e3a\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u5728\u672a\u6765\u51e0\u4e2a\u6708\u5185\u4ecd\u5c06\u57fa\u672c\u5173\u95ed\uff0c\u8fd9\u610f\u5473\u7740\u77ed\u7f3a\u95ee\u9898\u5c06\u53d8\u5f97\u66f4\u52a0\u7d27\u8feb\uff0c\u77f3\u6cb9\u4ef7\u683c\u5c06\u5728\u4eca\u5e74\u590f\u5929\u521b\u4e0b\u65b0\u9ad8\u3002\u201d<\/strong><\/p>\n<p>\u7f8e\u4f0a\u8fd9\u573a\u51b2\u7a81\u5df2\u9677\u5165\u50f5\u5c40\u5df2\u4e45\u3002\u7f8e\u56fd\u603b\u7edf<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%89%b9%e6%9c%97%e6%99%ae\" title=\"View all posts in \u7279\u6717\u666e\" target=\"_blank\" class=\"tag_link\">\u7279\u6717\u666e<\/a>\u5468\u516d\u8868\u793a\uff0c\u4e0e\u4f0a\u6717\u7684\u534f\u8bae\u201c\u5df2\u57fa\u672c\u8fbe\u6210\u201d\uff0c\u7ec6\u8282\u5c06\u5f88\u5feb\u516c\u5e03\u3002\u4f46\u4e0e\u6b64\u540c\u65f6\uff0c\u4f0a\u6717\u5916\u4ea4\u90e8\u8868\u793a\uff0c\u901a\u8fc7\u8fd9\u6761\u91cd\u8981\u822a\u9053\u201c\u5c06\u4ed8\u51fa\u4ee3\u4ef7\u201d\u3002<\/p>\n<p>\u4f0a\u6717\u4f0a\u65af\u5170\u9769\u547d\u536b\u961f\u6d77\u519b\u526f\u53f8\u4ee4\u7a46\u7f55\u9ed8\u5fb7\u00b7\u963f\u514b\u5df4\u5c14\u624e\u5fb7\u5f53\u5730\u65f6\u95f426\u65e5\u665a\u95f4\u8fd8\u8868\u793a\uff0c\u7f8e\u56fd\u548c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%ac%a7%e6%b4%b2\" title=\"View all posts in \u6b27\u6d32\" target=\"_blank\" class=\"tag_link\">\u6b27\u6d32<\/a>\u7ecf\u6d4e\u9ad8\u5ea6\u4f9d\u8d56\u80fd\u6e90\u4ef7\u683c\uff0c\u5e76\u5bb9\u6613\u53d7\u5230\u5730\u533a\u5c40\u52bf\u53d8\u5316\u5f71\u54cd\uff0c\u8fd9\u79cd\u538b\u529b\u6760\u6746\u4f7f\u7f8e\u56fd\u5728\u4e0e\u4f0a\u6717\u8fbe\u6210\u534f\u8bae\u95ee\u9898\u4e0a\u5904\u4e8e\u201c\u8bf7\u6c42\u201d\u7684\u5730\u4f4d\u3002<\/p>\n<p>Piper Sandler\u8868\u793a\uff0c\u8be5\u884c\u5bf9\u4e0b\u5468\u6216\u4e0b\u4e2a\u6708\u901a\u8fc7\u6d77\u5ce1\u7684\u5546\u4e1a\u4ea4\u901a\u91cf\u80fd\u5426\u6062\u590d\u5230\u5371\u673a\u524d\u6c34\u5e73\u768450%\u51e0\u4e4e\u6ca1\u6709\u4fe1\u5fc3\u3002<\/p>\n<p>\u8be5\u62a5\u544a\u79f0\uff0c\u7f8e\u56fd\u201c\u4e0d\u613f\u7ee7\u7eed\u63a8\u8fdb\u8fd9\u573a\u6597\u4e89\u201d\uff0c\u56e0\u4e3a\u4f0a\u6717\u7684\u62a5\u590d\u89c4\u6a21\u53ef\u80fd\u4f1a\u5bf9\u5176\u90bb\u56fd\u4ea7\u751f\u66f4\u5e7f\u6cdb\u7684\u5f71\u54cd\uff0c\u5e76\u53ef\u80fd\u8fdb\u4e00\u6b65\u6270\u4e71\u5168\u7403\u4f9b\u5e94\u94fe\u3002\u8be5\u884c\u8fd8\u8ba4\u4e3a\uff0c\u4f0a\u6717\u9886\u5bfc\u4eba\u4e0d\u613f\u63a5\u53d7\u4efb\u4f55\u59a5\u534f\uff0c\u56e0\u4e3a\u4ed6\u4eec\u8ba4\u4e3a\u81ea\u5df1\u6709\u7b79\u7801\uff0c\u8fd9\u52a0\u5267\u4e86\u4eba\u4eec\u5bf9\u6d77\u5ce1\u5173\u95ed\u53ef\u80fd\u6301\u7eed\u6570\u6708\u7684\u62c5\u5fe7\u3002<\/p>\n<p>\u53e6\u4e00\u65b9\u9762\uff0c<strong>\u534e\u5c14\u8857\u8fd8\u8ba4\u4e3a\uff0c\u5373\u4f7f\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u91cd\u65b0\u5f00\u653e\uff0c\u5168\u7403\u80fd\u6e90\u5e02\u573a\u9700\u8981\u65f6\u95f4\u624d\u80fd\u6062\u590d\u6b63\u5e38\u3002<\/strong><\/p>\n<p>\u5e02\u573a\u7814\u7a76\u516c\u53f8Wolfe Research\u6307\u51fa\uff0c\u201c\u91cd\u5efa\u5546\u4e1a\u548c\u6218\u7565\u5e93\u5b58\u7684\u8fc7\u7a0b\u5c06\u6301\u7eed\u52302027\u5e74\u3002\u201d\u6295\u8d44\u516c\u53f8AGF Investments\u5206\u6790\u5e08Henrietta Treyz\u4e5f\u8868\u8fbe\u4e86\u540c\u6837\u7684\u89c2\u70b9\uff0c\u5e76\u5c06\u5176\u79f0\u4e3a\u201c\u970d\u5c14\u6728\u5179\u4e8b\u4ef6\u540e\u9057\u75c7\u201d\uff0c\u6697\u793a\u5176\u65f6\u95f4\u8868\u201c\u4ee5\u5b63\u5ea6\u548c\u5e74\u4e3a\u5355\u4f4d\u201d\u3002<\/p>\n<p>\u51ef\u6295\u5b8f\u89c2\uff08Capital Economics\uff09\u5219\u5728\u5176\u5206\u6790\u4e2d\u4e3a\u6295\u8d44\u8005\u603b\u7ed3\u9053\uff0c\u6d77\u5ce1\u91cd\u65b0\u5f00\u653e\u5e26\u6765\u7684\u4efb\u4f55\u5e02\u573a\u53cd\u5f39\u90fd\u53ef\u80fd\u662f\u6709\u9650\u7684\uff0c\u8fd9\u4e3b\u8981\u662f\u56e0\u4e3a\u201c\u80fd\u6e90\u4ef7\u683c\u4e0d\u4f1a\u7acb\u5373\u6062\u590d\u6b63\u5e38\u201d\u3002<\/p>\n<p><strong>\u6700\u540e\uff0c\u5206\u6790\u4eba\u58eb\u4e5f\u8b66\u544a\u8bf4\uff0c\u5373\u4f7f\u8fbe\u6210\u4e00\u9879\u5141\u8bb8\u6d77\u5ce1\u81ea\u7531\u901a\u884c\u7684\u534f\u8bae\uff0c\u6700\u7ec8\u7684\u7ed3\u679c\u4e5f\u53ef\u80fd\u8fdc\u975e\u6b63\u5e38\u5316\u3002<\/strong><\/p>\n<p>Treyz\u5199\u9053\uff0c\u9664\u4e86\u5bf9\u8be5\u5730\u533a\u80fd\u6e90\u8bbe\u65bd\u9020\u6210\u7684\u5b9e\u9645\u635f\u5bb3\u5916\uff0c\u65b0\u7684\u73b0\u5b9e\u8fd8\u5e26\u6765\u4e86\u201c\u6325\u4e4b\u4e0d\u53bb\u7684\u3001\u5173\u4e4e\u5b58\u4ea1\u7684\u5f71\u54cd\u201d\uff0c\u56e0\u4e3a\u4f0a\u6717\u968f\u65f6\u53ef\u80fd\u518d\u6b21\u5173\u95ed\u6d77\u5ce1\u3002<\/p>\n<p>\u72ec\u7acb\u7ecf\u6d4e\u5b66\u5bb6\u517c<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>\u5e08Edward Yardeni\u8868\u793a\uff0c\u201c\u6295\u8d44\u8005\u65e0\u6cd5\u5ffd\u89c6\u4f0a\u6717\u5e76\u4e0d\u9690\u6666\u7684\u5a01\u80c1\u3002\u201d\u4ed6\u8865\u5145\u8bf4\uff0c\u5373\u4f7f\u6218\u4e89\u7ed3\u675f\uff0c\u201c\u80a1\u5e02\u4e5f\u53ef\u80fd\u5c06\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u6ea2\u4ef7\u8ba1\u5165\u77f3\u6cb9\u4ef7\u683c\uff0c\u4ee5\u5e94\u5bf9\u4f0a\u6717\u4e0b\u6b21\u65bd\u5c55\u5176\u5f71\u54cd\u529b\u7684\u60c5\u51b5\u3002\u201d<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/acttg.eastmoney.com\/pub\/xxlout_khmbdfcfappnew_random_0007467a\" rel=\"noopener\"><img src=\"https:\/\/np-newspic.dfcfw.com\/download\/D25437144255738497376_w690h389.jpg\" alt=\"\u4e8b\u5173\u970d\u5c14\u6728\u5179\u548c\u6cb9\u4ef7\uff01\u534e\u5c14\u8857\u201c\u7fa4\u8d77\u53cd\u9a73\u201d\u767d\u5bab\" style=\" display:block; margin-left:auto; margin-right:auto; \" \/><\/a><\/p>\n<p>(\u6765\u6e90:\u5929\u5929\u57fa\u91d1\u7f51)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u7f8e\u4e1c\u65f6\u95f4\u5468\u4e8c\uff0c\u7f8e\u56fd\u767d\u5bab\u9996\u5e2d\u7ecf\u6d4e\u987e\u95ee\u51ef\u6587\u00b7\u54c8\u585e\u7279\uff08Kevin Hassett\uff09\u5728\u63a5\u53d7\u5a92\u4f53\u91c7\u8bbf\u65f6\u627f\u8bfa\uff0c\u201c\u4e00\u65e6\u6d77\u5ce1\u5f00 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[232],"tags":[142,280,241,186,79,78,88,367,29],"views":6,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/787481"}],"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=787481"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/787481\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=787481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=787481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=787481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}