{"id":821265,"date":"2026-08-02T09:27:39","date_gmt":"2026-08-02T01:27:39","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=821265"},"modified":"2026-08-02T09:27:39","modified_gmt":"2026-08-02T01:27:39","slug":"%e9%9c%8d%e5%b0%94%e6%9c%a8%e5%85%b9%e6%b5%b7%e5%b3%a1%e9%80%9a%e8%a1%8c%e5%8f%97%e9%98%bb%e6%8e%a8%e5%8d%87%e6%88%90%e6%9c%ac-%e7%be%8e%e5%9b%bd%e5%a4%9a%e5%93%81%e7%b1%bb%e6%b6%88%e8%b4%b9%e5%93%81","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=821265","title":{"rendered":"\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u901a\u884c\u53d7\u963b\u63a8\u5347\u6210\u672c \u7f8e\u56fd\u591a\u54c1\u7c7b\u6d88\u8d39\u54c1\u96c6\u4f53\u6da8\u4ef7"},"content":{"rendered":"<p cms-style=\"font-L \">\n<p cms-style=\"font-L\">\u6765\u6e90\uff1a\u73af\u7403\u7f51 <\/p>\n<p cms-style=\"font-L\">\u3010\u73af\u7403\u7f51\u8d22\u7ecf\u7efc\u5408\u62a5\u9053\u3011\u636eThe Wall Street Journal\u7b49\u5916\u5a92\u62a5\u9053\uff0c\u4e2d\u4e1c\u5c40\u52bf\u6301\u7eed\u7d27\u5f20\u3001\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u901a\u884c\u53d7\u9650\uff0c\u6b63\u5728\u6301\u7eed\u51b2\u51fb\u7f8e\u56fd\u5546\u54c1\u4f9b\u5e94\u94fe\u4e0e\u7ec8\u7aef\u7269\u4ef7\u3002\u9664\u6210\u54c1\u6cb9\u4ef7\u683c\u5927\u5e45\u8d70\u9ad8\u5916\uff0c\u5564\u9152\u3001\u96f6\u98df\u3001\u6d82\u6599\u3001\u5305\u88c5\u6750\u6599\u7b49\u4f17\u591a\u65e5\u5e38\u6d88\u8d39\u54c1\u751f\u4ea7\u6210\u672c\u3001\u8fd0\u8f93\u6210\u672c\u5168\u9762\u4e0a\u6da8\uff0c\u591a\u5bb6\u7f8e\u56fd\u77e5\u540d\u4f01\u4e1a\u5ba3\u5e03\u8c03\u4ef7\u8ba1\u5212\u3002<\/p>\n<div><img src=\"https:\/\/finance.sina.com.cn\/\/n.sinaimg.cn\/spider20260802\/169\/w640h329\/20260802\/b45f-874c01a3c6284fa95d72b0675bd456ed.png\" alt=\"\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u901a\u884c\u53d7\u963b\u63a8\u5347\u6210\u672c \u7f8e\u56fd\u591a\u54c1\u7c7b\u6d88\u8d39\u54c1\u96c6\u4f53\u6da8\u4ef7\"\/><span>\uff08\u56fe\u7247\u6765\u6e90\uff1aThe Wall Street Journal\uff09<\/span><\/div>\n<p 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Research\u5206\u6790\u5e08Adam Josephson\u8868\u793a\uff0c\u4f01\u4e1a\u63d0\u4ef7\u867d\u5229\u597d\u4e2a\u80a1\u6295\u8d44\u8005\uff0c\u4f46\u5168\u6c11\u6d88\u8d39\u54c1\u666e\u6da8\u5c06\u5bf9\u5b8f\u89c2\u7ecf\u6d4e\u5f62\u6210\u62d6\u7d2f\uff0c\u6301\u7eed\u5bf9\u5229\u7387\u8d70\u52bf\u6784\u6210\u538b\u529b\u3002<\/p>\n<p cms-style=\"font-L\">\u636e\u6089\uff0c\u6210\u672c\u4e0a\u6da8\u5df2\u8d2f\u7a7f\u98df\u54c1\u3001\u65e5\u5316\u3001\u5de5\u4e1a\u6d82\u6599\u3001\u5305\u88c5\u7b49\u591a\u4e2a\u8d5b\u9053\u3002\u6d88\u8d39\u5de8\u5934\u8054\u5408\u5229\u534e\u62ab\u9732\uff0c\u516c\u53f8\u4e0a\u534a\u5e74\u8425\u6536\u589e\u957f\u4e3b\u8981\u4f9d\u9760\u9500\u91cf\u62c9\u52a8\uff0c\u6da8\u4ef7\u8d21\u732e\u4e0d\u8db315%\uff0c\u4f46\u53d7\u5927\u5b97\u5546\u54c1\u6301\u7eed\u6da8\u4ef7\u5f71\u54cd\uff0c\u4e0b\u534a\u5e74\u589e\u957f\u903b\u8f91\u5c06\u53cd\u8f6c\uff0c\u4ef7\u683c\u6216\u5c06\u6210\u4e3a\u8425\u6536\u589e\u957f\u6838\u5fc3<span><a href=\"https:\/\/finance.sina.com.cn\/realstock\/company\/bj920275\/nc.shtml\" target=\"_blank\" data-sudaclick=\"content_marketkeywords_p\" rel=\"noopener\">\u9a71\u52a8\u529b<\/a><\/span><span><\/span>\u3002\u516c\u53f8\u9996\u5e2d\u8d22\u52a1\u5b98Srinivas Phatak\u8868\u793a\uff0c\u5df2\u505a\u597d\u4e0b\u534a\u5e74\u6210\u672c\u4e0e\u5b9a\u4ef7\u8c03\u6574\u7684\u5e94\u5bf9\u51c6\u5907\u3002<\/p>\n<p 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cms-style=\"font-L\">\u4eca\u5e747\u6708\uff0c\u56fd\u9645\u7eb8\u4e1a\u3001\u65af\u83ab\u83f2\u7279\u00b7\u97e6\u65af\u7279\u7f57\u514b\u3001\u7f8e\u56fd\u5305\u88c5\u516c\u53f8\u4e09\u5927\u7eb8\u7bb1\u5de8\u5934\u96c6\u4f53\u5ba3\u5e03\u63d0\u4ef7\uff0c\u6838\u5fc3\u539f\u56e0\u5305\u62ec\u56de\u6536\u7eb8\u6210\u672c\u4e0a\u6da8\u3001\u8fd0\u8d39\u8d70\u9ad8\u53ca\u884c\u4e1a\u4f9b\u7ed9\u7d27\u7f3a\u3002\u6b64\u5916\uff0c\u94dd\u4ef7\u4e0a\u6da8\u53e0\u52a0\u5173\u7a0e\u56e0\u7d20\uff0c\u4e5f\u6301\u7eed\u4fb5\u8680\u6ce2\u58eb\u987f\u5564\u9152\u7b49\u4f01\u4e1a\u7684\u76c8\u5229\u7a7a\u95f4\uff0c\u5012\u903c\u884c\u4e1a\u52a0\u901f\u8c03\u4ef7\u843d\u5730\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6765\u6e90\uff1a\u73af\u7403\u7f51 \u3010\u73af\u7403\u7f51\u8d22\u7ecf\u7efc\u5408\u62a5\u9053\u3011\u636eThe Wall Street Journal\u7b49\u5916\u5a92\u62a5\u9053\uff0c\u4e2d\u4e1c\u5c40\u52bf\u6301\u7eed\u7d27 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"views":7,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/821265"}],"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=821265"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/821265\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=821265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=821265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=821265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}