{"version":"1.0","provider_name":"Fortune Insight","provider_url":"https:\/\/prime.fortuneinsight.com\/web","author_name":"\u83ef\u723e\u8857\u65e5\u5831\uff08\u514d\u8cbb\u8a66\u95b1\uff09","author_url":"https:\/\/prime.fortuneinsight.com\/web\/posts\/author\/wsj","title":"\u65cb\u98a8\u5f0f\u62ef\u6551\u745e\u4fe1\u5f8c\uff0c\u745e\u9280\u5c07\u53d7\u4f55\u5f71\u97ff\uff1f - Fortune Insight","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\"><a href=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/731972\">\u65cb\u98a8\u5f0f\u62ef\u6551\u745e\u4fe1\u5f8c\uff0c\u745e\u9280\u5c07\u53d7\u4f55\u5f71\u97ff\uff1f<\/a><\/blockquote>\n<script type='text\/javascript'>\n<!--\/\/--><![CDATA[\/\/><!--\n\t\t!function(c,d){\"use strict\";var e=!1,n=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var 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class=\"wp-embedded-content\"><\/iframe>","thumbnail_url":"https:\/\/prime-fortuneinsight-cloud.s3.ap-southeast-1.amazonaws.com\/web\/wp-content\/uploads\/2023\/03\/21122502\/WSJ-FIP-Template-77.png","thumbnail_width":1000,"thumbnail_height":525,"description":"BY MARGOT PATRICK, THE WALL STREET JOURNAL | UPDATED 3\u6708 21, 2023 12:00 \u5348\u524d EDT \u745e\u9280\u8207\u745e\u4fe1\u7684\u5408\u4f75\u53ef\u80fd\u9700\u8981\u8017\u8cbb\u6578\u5e74\u7cbe\u529b\u624d\u80fd\u5b8c\u6210\uff0c\u4f46\u4e00\u4f4d\u6295\u8cc7\u8005\u8a8d\u70ba\u9019\u662f\u4e00\u6a01\u5343\u8f09\u96e3\u9022\u7684\u597d\u4ea4\u6613\u3002 \u7d93\u904e\u5468\u672b\u4e00\u5834\u760b\u72c2\u7684\u4ea4\u6613\u5f8c\uff0c\u5c0d\u745e\u9280\u96c6\u5718(UBS Group, UBS)\u4f86\u8aaa\uff0c\u4e00\u5207\u90fd\u8b8a\u4e86\u3002 \u745e\u9280\u4ee532\u5104\u7f8e\u5143\u4f4e\u50f9\u6536\u8cfc\u5176\u570b\u5167\u6700\u5927\u7af6\u722d\u5c0d\u624b\u745e\u58eb\u4fe1\u8cb8\u96c6\u5718(Credit Suisse Group AG, CS)\uff0c\u978f\u56fa\u4e86\u745e\u9280\u4f5c\u70ba\u5168\u7403\u6700\u5927\u8ca1\u5bcc\u7ba1\u7406\u516c\u53f8\u4e4b\u4e00\u7684\u5730\u4f4d\u3002 \u4f46\u9019\u5834\u7531\u653f\u5e9c\u5b89\u6392\u7684\u6551\u63f4\u884c\u52d5\u4e5f\u610f\u5473\u8457\u745e\u9280\u7684\u6230\u7565\u7a81\u7136\u767c\u751f\u4e86\u8f49\u8b8a\u3002\u5148\u524d\u745e\u9280\u4e5f\u6709\u904e\u7015\u6b7b\u9ad4\u9a57\uff0c\u5728\u90a3\u4e4b\u5f8c\uff0c\u591a\u5e74\u4f86\u8a72\u884c\u5df2\u65e5\u8da8\u4fdd\u5b88\u3002 \u5728\u9996\u5e2d\u57f7\u884c\u5b98Ralph Hamers\u548c\u8463\u4e8b\u9577Colm Kelleher\u7684\u9818\u5c0e\u4e0b\uff0c\u5982\u4eca\u745e\u58eb\u6700\u5927\u7684\u9280\u884c\u745e\u9280\u9762\u81e8\u4e00\u9805\u6975\u5176\u8907\u96dc\u7684\u4efb\u52d9\uff0c\u5373\u8207\u53e6\u5916\u4e00\u5bb6\u7cfb\u7d71\u91cd\u8981\u6027\u8de8\u570b\u9280\u884c\u745e\u4fe1\u5408\u4f75\u3002\u5169\u5bb6\u9280\u884c\u7684\u696d\u52d9\u6709\u5927\u91cf\u91cd\u758a\uff0c\u53e6\u5916\u745e\u4fe1\u9084\u88ab\u773e\u591a\u6cd5\u5f8b\u554f\u984c\u7e8f\u8eab\uff0c\u9019\u4e9b\u60c5\u6cc1\u4e5f\u589e\u52a0\u4e86\u9019\u4e00\u4efb\u52d9\u7684\u96e3\u5ea6\u3002 \u745e\u9280\u7684\u80a1\u7968\u5468\u4e00\u5927\u5e45\u9707\u76ea\u9ad4\u73fe\u51fa\u8a72\u884c\u5c07\u9762\u81e8\u7684\u6311\u6230\uff0c\u8a72\u80a1\u5148\u662f\u5927\u8dcc\uff0c\u6536\u76e4\u524d\u53c8\u53cd\u5f48\uff0c\u6700\u7d42\u6536\u6f321.3%\u3002\u7576\u65e5\u9ad8\u4f4e\u9ede\u4e4b\u5dee\u63a5\u8fd123\u500b\u767e\u5206\u9ede\uff0c\u64da\u9053\u74ca\u65af\u5e02\u5834\u6578\u64da(Dow Jones Market Data) 1985\u5e74\u4ee5\u4f86\u7684\u6578\u64da\uff0c\u9019\u4e00\u5dee\u8ddd\u662f\u6709\u8a18\u9304\u4ee5\u4f86\u6700\u9ad8\u7684\u3002 \u745e\u9280\u50b5\u52d9\u9055\u7d04\u7684\u4fdd\u96aa\u6210\u672c\u8e8d\u5347\u81f3\u5341\u591a\u5e74\u4f86\u7684\u6700\u9ad8\u6c34\u5e73\u3002\u6839\u64da\u6a19\u666e\u5168\u7403\u5e02\u5834\u8ca1\u667a(S&amp;P Global Market Intelligence)\u7684\u6578\u64da\u986f\u793a\uff0c\u5229\u7528\u4fe1\u7528\u9055\u7d04\u6389\u671f\u70ba10,000\u6b50\u5143\uff08\u7d04\u540810,669\u7f8e\u5143\uff09\u7684\u745e\u9280\u4e94\u5e74\u671f\u512a\u5148\u50b5\u63d0\u4f9b\u9055\u7d04\u4fdd\u96aa\u7684\u5e74\u5ea6\u6210\u672c\u5f9e\u4e0a\u5468\u4e94\u7684117\u6b50\u5143\u5347\u81f3168\u6b50\u5143\uff0c\u5275\u4e0b2012\u5e748\u6708\u4ee5\u4f86\u6700\u9ad8\u6c34\u5e73\u3002 \u5728\u745e\u9280\u548c\u745e\u4fe1\u9054\u6210\u4f75\u8cfc\u4ea4\u6613\u4e4b\u524d\uff0c\u745e\u4fe1\u7684\u5ba2\u6236\u4e0a\u5468\u5df2\u7d1b\u7d1b\u51fa\u9003\uff0c\u745e\u58eb\u76e3\u7ba1\u6a5f\u69cb\u5728\u5468\u672b\u4ecb\u5165\uff0c\u4fc3\u6210\u4e86\u9019\u6a01\u4f75\u8cfc\u3002\u76f8\u5c0d\u65bc\u745e\u58eb\u7d93\u6fdf\u9ad4\u91cf\u548c870\u842c\u4eba\u53e3\u800c\u8a00\uff0c\u8a72\u570b\u7684\u91d1\u878d\u696d\u898f\u6a21\u5728\u5168\u7403\u5c45\u524d\uff0c\u56e0\u6b64\u8a72\u570b\u5927\u9280\u884c\u7684\u547d\u904b\u662f\u745e\u58eb\u653f\u5e9c\u6975\u70ba\u95dc\u5207\u7684\u554f\u984c\u3002 \u9019\u7b46\u4ea4\u6613\u5c07\u5728\u745e\u58eb\u570b\u5167\u7de0\u9020\u51fa\u4e00\u500b\u9280\u884c\u5de8\u64d8\uff0c\u4ee5\u53ca\u4e00\u500b\u8de8\u570b\u8ca1\u5bcc\u7ba1\u7406\u5de8\u982d\u3002\u745e\u9280\u548c\u745e\u4fe1\u90fd\u70ba\u8d85\u7d1a\u5bcc\u8c6a\u63d0\u4f9b\u670d\u52d9\uff0c\u5728\u83ef\u723e\u8857\u8a2d\u6709\u5206\u652f\u6a5f\u69cb\uff0c\u5f9e\u4e8b\u80a1\u7968\u548c\u50b5\u5238\u4ea4\u6613\uff0c\u4f75\u70ba\u516c\u53f8\u63d0\u4f9b\u5efa\u8b70\u3002 \u4f75\u8cfc\u745e\u4fe1\u5f8c\uff0c\u745e\u9280\u7ba1\u7406\u4e0b\u7684\u6295\u8cc7\u8cc7\u7522\u5c07\u9054\u52305\u5146\u7f8e\u5143\u5de6\u53f3\uff0c\u8d85\u904e\u6469\u6839\u58eb\u4e39\u5229(Morgan Stanley, MS)\u7b49\u7d93\u71df\u8ca1\u5bcc\u7ba1\u7406\u696d\u52d9\u7684\u7f8e\u570b\u540c\u985e\u9280\u884c\uff0c\u5728\u6295\u8cc7\u65b9\u9762\u8207\u8c9d\u840a\u5fb7(BlackRock Inc., BLK)\u548cVanguard\u96c6\u5718(The Vanguard Group, Inc.)\u9019\u5169\u5927\u8cc7\u7ba1\u5de8\u982d\u4e26\u99d5\u9f4a\u9a45\u3002 \u8cc7\u7522\u7ba1\u7406\u516c\u53f8Algebris Investments\u5275\u59cb\u4ebaDavide Serra\u8aaa\uff1a\u300c\u9019\u5b97\u4ea4\u6613\u5c0d\u65bc\u745e\u9280\u4f86\u8aaa\u662f\u6b77\u53f2\u6027\u7684\u3002\u300d\u4ed6\u6307\u51fa\uff0c\u6536\u8cfc\u745e\u4fe1\u5f8c\uff0c\u745e\u9280\u7684\u8cc7\u7522\u6de8\u503c\u6703\u4e0a\u534770%\u3002\u300c\u9019\u5c0d\u745e\u9280\u6240\u6709\u80a1\u6771\u4f86\u8aaa\u90fd\u5c07\u975e\u5e38\u6709\u5229\u3002\u300d \u70ba\u64ae\u5408\u4ea4\u6613\uff0c\u745e\u58eb\u76e3\u7ba1\u6a5f\u69cb\u63d0\u4f9b\u4e86\u53cd\u58df\u65b7\u8c41\u514d\u6b0a\u30011,000\u5104\u7f8e\u5143\u7684\u6d41\u52d5\u6027\u984d\u5ea6\uff0c\u5c0d\u4e00\u4e9b\u8cc7\u7522\u63d0\u4f9b\u4e86\u8d85\u904e90\u5104\u7f8e\u5143\u515c\u5e95\uff0c\u4f75\u70ba\u745e\u9280\u589e\u8cc7\u63d0\u4f9b\u4e86\u5f88\u9577\u7684\u5bec\u9650\u671f\u3002\u9019\u5b97\u5de8\u578b\u4f75\u8cfc\u6848\u662f\u5168\u7403\u7cfb\u7d71\u91cd\u8981\u6027\u9280\u884c\u4e4b\u9593\u7684\u7b2c\u4e00\u5b97\u5408\u4f75\u4ea4\u6613\uff0c\u4e4b\u524d\u76e3\u7ba1\u6a5f\u69cb\u4f9d\u64da\u9280\u884c\u7684\u898f\u6a21\u548c\u76f8\u4e92\u95dc\u806f\u6027\u5728\u5168\u7403\u78ba\u5b9a\u4e8630\u5bb6\u7cfb\u7d71\u91cd\u8981\u6027\u9280\u884c\u3002 \u6b64\u5916\uff0c\u745e\u4fe1\u7d04170\u5104\u7f8e\u5143\u7684\u6700\u9ad8\u98a8\u96aa\u7d1a\u50b5\u5238\u88ab\u76e3\u7ba1\u6a5f\u69cb\u6b78\u96f6\uff0c\u9707\u9a5a\u4e86\u9019\u4e00\u5e02\u5834\u7684\u6295\u8cc7\u8005\u3002 \u52a0\u62ff\u5927\u7687\u5bb6\u9280\u884c(RBC)\u5206\u6790\u5e2bAnke Reingen\u8868\u793a\uff0c\u745e\u9280\u70ba\u745e\u4fe1\u8ca1\u5bcc\u7ba1\u7406\u696d\u52d9\u652f\u4ed8\u7684\u50f9\u683c\u76f8\u7576\u65bc\u8a72\u696d\u52d9\u6240\u7ba1\u7406\u8cc7\u7522\u76840.6%\uff0c\u9060\u4f4e\u65bc\u7121\u76e3\u7ba1\u4ecb\u5165\u4ea4\u6613\u7684\u6c34\u5e73\u3002 \u5979\u8868\u793a\uff0c\u5982\u679c\u745e\u58eb\u6709\u95dc\u90e8\u9580\u7d66\u4e88\u7684\u63f4\u52a9\u5920\u591a\uff0c\u745e\u9280\u7684\u878d\u8cc7\u6210\u672c\u4e5f\u6062\u5fa9\u6b63\u5e38\uff0c\u90a3\u9ebc\u5f9e\u9577\u671f\u4f86\u770b\uff0c\u9019\u662f\u4e00\u6a01\u5728\u8ca1\u52d9\u4e0a\u975e\u5e38\u6709\u5438\u5f15\u529b\u7684\u4ea4\u6613\u3002 [&hellip;]"}