{"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":"\u83ef\u723e\u8857\u7684\u300c\u4e2d\u570b\u5922\u300d\u9010\u6f38\u7834\u6ec5 - Fortune Insight","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\"><a href=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/763354\">\u83ef\u723e\u8857\u7684\u300c\u4e2d\u570b\u5922\u300d\u9010\u6f38\u7834\u6ec5<\/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 t=e.data;if(t)if(t.secret||t.message||t.value)if(!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var 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Fink\u5c07\u4e2d\u570b\u7a31\u70ba\u300c\u6700\u5927\u6a5f\u6703\u4e4b\u4e00\u300d\u5927\u7d04\u4e00\u5e74\u5f8c\uff0c\u8a72\u516c\u53f8\u6210\u70ba\u9996\u5bb6\u5728\u4e2d\u570b\u904b\u71df\u5168\u8cc7\u516c\u52df\u57fa\u91d1\u696d\u52d9\u7684\u5168\u7403\u8cc7\u7522\u7ba1\u7406\u516c\u53f8\u3002 \u5169\u5e74\u5f8c\uff0c\u9019\u5bb6\u5168\u7403\u6700\u5927\u7684\u8cc7\u7522\u7ba1\u7406\u516c\u53f8\u537b\u5728\u5e02\u5834\u7af6\u722d\u4e2d\u6b65\u5c65\u8271\u96e3\u3002\u91d1\u878d\u6578\u64da\u63d0\u4f9b\u5546\u842c\u5f97(Wind)\u7684\u6578\u64da\u986f\u793a\uff0c\u5c31\u5728\u4e2d\u570b\u7ba1\u7406\u7684\u8cc7\u7522\u898f\u6a21\u800c\u8a00\uff0c\u8c9d\u840a\u5fb7\u5728\u8fd1200\u5bb6\u4e2d\u570b\u516c\u52df\u57fa\u91d1\u516c\u53f8\u4e2d\u6392\u540d\u7b2c145\u4f4d\u3002\u5bcc\u9054\u570b\u969b(Fidelity International)\u548c\u8def\u535a\u9081(Neuberger Berman)\u5728\u83ef\u5168\u8cc7\u5b50\u516c\u53f8\u7684\u6392\u540d\u66f4\u4f4e\u3002 \u8c9d\u840a\u5fb7\u9032\u8ecd\u4e2d\u570b\u5e02\u5834\u7684\u958b\u5c40\u4ee4\u4eba\u6cae\u55aa\uff0c\u5176\u4ed6\u4e00\u4e9b\u83ef\u723e\u8857\u5de8\u982d\u4e5f\u8868\u73fe\u4e0d\u4f73\uff0c\u5b83\u5011\u5728\u4e2d\u570b\u53d6\u5f97\u826f\u597d\u767c\u5c55\u7684\u5922\u60f3\u4f3c\u4e4e\u6b63\u9010\u6f38\u7834\u6ec5\u3002\u96a8\u8457\u4e2d\u570b\u516c\u53f8\u8d8a\u4f86\u8d8a\u591a\u5730\u8f49\u570b\u5167\u6295\u8cc7\u9280\u884c\uff0c\u8a31\u591a\u7f8e\u570b\u6295\u884c\u5728\u4e2d\u570b\u8655\u7406\u7684\u4ea4\u6613\u6578\u91cf\u5df2\u964d\u81f3\u6975\u4f4e\u6c34\u5e73\u3002\u8207\u6b64\u540c\u6642\uff0c\u4e2d\u570b\u7d93\u6fdf\u589e\u9577\u653e\u7de9\uff0c\u7372\u53d6\u6578\u64da\u8d8a\u4f86\u8d8a\u56f0\u96e3\uff0c\u9019\u4e9b\u90fd\u6291\u5236\u4e86\u5916\u570b\u6295\u8cc7\u8005\u5c0d\u4e2d\u570b\u8cc7\u7522\u7684\u8208\u8da3\u3002 \u7f8e\u570b\u7e3d\u7d71\u62dc\u767b(Joe Biden)\u9812\u5e03\u7684\u65b0\u884c\u653f\u4ee4\u610f\u5473\u8457\u83ef\u723e\u8857\u516c\u53f8\u518d\u9047\u6ce2\u6298\u3002\u8a72\u884c\u653f\u4ee4\u5c07\u7981\u6b62\u7f8e\u570b\u4eba\u6295\u8cc7\u67d0\u4e9b\u4e2d\u570b\u4f01\u696d\u3002 \u5c31\u5728\u5e7e\u5e74\u524d\uff0c\u5728\u7f8e\u570b\u6a5f\u69cb\u7684\u773c\u4e2d\uff0c\u5728\u83ef\u9aee\u5c55\u524d\u666f\u9084\u662f\u6bd4\u8f03\u5149\u660e\u7684\u3002 2020\u5e74\uff0c\u4e2d\u570b\u53d6\u6d88\u4e86\u5c0d\u7f8e\u570b\u8cc7\u7522\u7ba1\u7406\u516c\u53f8\u5411\u4e2d\u570b\u6563\u6236\u6295\u8cc7\u8005\u767c\u552e\u516c\u52df\u57fa\u91d1\u7684\u9650\u5236\uff0c\u4e26\u53d6\u6d88\u4e86\u570b\u5167\u8b49\u5238\u516c\u53f8\u5916\u8cc7\u6301\u80a1\u6bd4\u4f8b\u9650\u5236\u3002\u6b21\u5e74\uff0c\u9ad8\u76db(Goldman Sachs, GS)\u53d6\u5f97\u4e86\u5176\u4e2d\u570b\u5883\u5167\u5408\u8cc7\u8b49\u5238\u516c\u53f8\u7684100%\u80a1\u6b0a\u30022022\u5e74\uff0c\u6469\u6839\u58eb\u4e39\u5229(Morgan Stanley, MS)\u5c07\u5176\u5728\u4e2d\u570b\u7684\u5408\u8cc7\u8b49\u5238\u516c\u53f8\u7684\u6301\u80a1\u6bd4\u4f8b\u63d0\u9ad8\u81f394%\u3002 \u5206\u6790\u5e2b\u5011\u7a31\uff0c\u5118\u7ba1\u4e2d\u570b\u653f\u5e9c\u653e\u5bec\u4e86\u5916\u8cc7\u6301\u80a1\u6bd4\u4f8b\u9650\u5236\uff0c\u4f46\u4e2d\u570b\u4f3c\u4e4e\u7121\u610f\u5141\u8a31\u4e00\u5bb6\u7f8e\u570b\u7368\u8cc7\u516c\u53f8\u767c\u5c55\u58ef\u5927\u3002 \u300c\u5e7e\u5e74\u524d\u9084\u5728\u4e2d\u570b\u81ea\u7531\u904b\u8f49\u7684\u897f\u65b9\u5546\u696d\u6a21\u5f0f\u76ee\u524d\u6bcf\u500b\u6708\u90fd\u53d7\u5230\u6311\u6230\uff0c\u300d\u6469\u6839\u58eb\u4e39\u5229\u524d\u4e9e\u6d32\u5340\u4e3b\u5e2d\u3001\u8036\u9b6f\u5927\u5b78\u6cd5\u5b78\u9662\u8521\u4e2d\u66fe\u4e2d\u570b\u4e2d\u5fc3(Yale Law School&#8217;s Paul Tsai China Center)\u9ad8\u7d1a\u7814\u7a76\u54e1\u53f2\u8482\u82ac\uff0e\u7f85\u5947(Stephen Roach)\u8aaa\u3002\u300c\u5982\u4eca\u7684\u71df\u5546\u74b0\u5883\u6bd4\u904e\u53bb\u8981\u8271\u96e3\u5f97\u591a\u3002\u300d \u7f85\u5947\u7a31\uff1a\u300c\u6211\u8a8d\u70ba\u5927\u898f\u6a21\u64f4\u5f35\u7684\u8a08\u5283\u81f3\u5c11\u88ab\u64f1\u7f6e\u4e86\u3002\u300d \u5728\u83ef\u723e\u8857\u6a5f\u69cb\u61c9\u5c0d\u672c\u571f\u6295\u884c\u696d\u52d9\u6536\u5165\u9577\u671f\u4f4e\u8ff7\u7684\u96e3\u984c\u4e4b\u969b\uff0c\u5b83\u5011\u5728\u4e2d\u570b\u7684\u696d\u52d9\u4e5f\u8209\u6b65\u7dad\u8271\u3002 \u6839\u64da\u9ad8\u76db\u3001\u6469\u6839\u58eb\u4e39\u5229\u548c\u6469\u6839\u5927\u901a(JPMorgan)\u7684\u4e2d\u570b\u696d\u52d9\u5e74\u5831\uff0c\u53bb\u5e74\u9019\u5e7e\u5bb6\u516c\u53f8\u5728\u4e2d\u570b\u570b\u5167\u5408\u8cc7\u516c\u53f8\u7684\u6295\u884c\u696d\u52d9\u6536\u5165\u90fd\u6709\u6240\u4e0b\u964d\u3002\u8207\u6b64\u540c\u6642\uff0c\u5b83\u5011\u7684\u4e2d\u570b\u540c\u884c\u4e2d\u4fe1\u8b49\u5238\u80a1\u4efd\u6709\u9650\u516c\u53f8(Citic Securities, 6030.HK, 600030.SH, \u7c21\u7a31\uff1a\u4e2d\u4fe1\u8b49\u5238)\u548c\u4e2d\u570b\u570b\u969b\u91d1\u878d\u6709\u9650\u516c\u53f8(China International Capital, 3908.HK, \u7c21\u7a31\uff1a\u4e2d\u91d1\u516c\u53f8)\u7684\u6536\u5165\u5206\u5225\u589e\u95776%\u548c0.3%\u3002 \u53bb\u5e74\uff0c\u9ad8\u76db\u5728\u83ef\u8b49\u5238\u5408\u8cc7\u516c\u53f8\u7684\u6536\u5165\u50c5\u5360\u9ad8\u76db\u6295\u884c\u696d\u52d9\u7e3d\u6536\u5165\u76844%\u3002\u904e\u53bb10\u5e74\uff0c\u9019\u5bb6\u8b49\u5238\u5408\u8cc7\u516c\u53f8\u5728\u4e2d\u570b\u570b\u5167\u5e02\u5834\u727d\u982d\u6216\u806f\u5408\u727d\u982d\u7d93\u8fa6\u4e86\u4e03\u6a01IPO\u4ea4\u6613\uff0c\u5176\u4e2d\u5305\u62ec\u53bb\u5e74\u7684\u4e00\u6b21\u3002\u842c\u5f97\u7684\u6578\u64da\u986f\u793a\uff0c\u4e2d\u4fe1\u8b49\u5238\u50c5\u53bb\u5e74\u4e00\u5e74\u5c31\u727d\u982d\u7d93\u8fa6\u4e8657\u5b97IPO\u3002\u6469\u6839\u5927\u901a\u4e2d\u570b\u8b49\u5238\u5b50\u516c\u53f8\u53bb\u5e74\u727d\u982d\u7d93\u8fa6\u4e86\u5169\u7b46IPO\uff0c\u6469\u6839\u58eb\u4e39\u5229\u4e00\u7b46\u90fd\u6c92\u6709\u3002 \u4eca\u5e745\u6708\uff0c\u5305\u62ec\u9996\u5e2d\u57f7\u884c\u5b98\u5091\u7c73\u00b7\u6234\u8499(Jamie Dimon)\u5728\u5167\u7684\u591a\u4f4d\u6469\u6839\u5927\u901a\u9ad8\u7ba1\u98db\u62b5\u4e0a\u6d77\uff0c\u51fa\u5e2d\u8a72\u884c\u7684\u5168\u7403\u4e2d\u570b\u5cf0\u6703\u3002\u5728\u6703\u8b70\u9593\u9699\u63a5\u53d7\u5f6d\u535a(Bloomberg)\u63a1\u8a2a\u6642\uff0c\u6469\u6839\u5927\u901a\u4e2d\u570b\u5340\u9996\u5e2d\u57f7\u884c\u5b98\u6881\u6cbb\u6587(Mark Leung)\u8868\u793a\uff0c\u6469\u6839\u5927\u901a\u5df2\u7372\u5f97\u5728\u83ef\u958b\u5c55\u696d\u52d9\u7684\u5168\u5957\u8a31\u53ef\uff0c\u4f46\u8981\u9010\u6b65\u5efa\u7acb\u8d77\u696d\u52d9\u898f\u6a21\u548c\u8072\u8b7d\uff0c\u5c07\u662f\u4e00\u6bb5\u6bd4\u8a72\u884c\u5e0c\u671b\u7684\u66f4\u6f2b\u9577\u7684\u65c5\u7a0b\u3002\u4ed6\u88dc\u5145\u8aaa\uff0c\u5118\u7ba1\u5982\u6b64\uff0c\u8a72\u516c\u53f8\u4ecd\u81f4\u529b\u65bc\u5728\u4e2d\u570b\u767c\u5c55\u3002 [&hellip;]"}