{"id":388,"date":"2025-04-14T10:12:25","date_gmt":"2025-04-14T02:12:25","guid":{"rendered":"http:\/\/www.coscoxh.com\/?p=388"},"modified":"2025-04-14T10:12:25","modified_gmt":"2025-04-14T02:12:25","slug":"%e5%8d%8e%e5%b0%94%e8%a1%97%e4%b8%8a%e8%b0%83%e9%bb%84%e9%87%91%e7%9b%ae%e6%a0%87%e4%bb%b7%e5%88%b03700%e7%be%8e%e5%85%83%ef%bc%81%e9%a3%8e%e9%99%a9%e6%b2%a1%e8%bf%99%e4%b9%88%e5%bf%ab%e6%b6%88","status":"publish","type":"post","link":"http:\/\/www.coscoxh.com\/?p=388","title":{"rendered":"\u534e\u5c14\u8857\u4e0a\u8c03\u9ec4\u91d1\u76ee\u6807\u4ef7\u52303700\u7f8e\u5143\uff01\u98ce\u9669\u6ca1\u8fd9\u4e48\u5feb\u6d88\u505c"},"content":{"rendered":"
\n

\u7f8e\u56fd\u5173\u7a0e\u653f\u7b56\u7684\u201c90\u5929\u7f13\u671f\u201d\u7ed9\u7f8e\u80a1\u5e26\u6765\u4e86\u663e\u8457\u7f13\u89e3\u3002\u7eb3\u65af\u8fbe\u514b100\u6307\u6570\u521b\u4e0b\u5386\u53f2\u4e0a\u5355\u65e5\u6700\u5927\u6da8\u5e45\u4e4b\u4e00\u3002\u7136\u800c\uff0c\u5e02\u573a\u538b\u529b\u4f9d\u7136\u5b58\u5728\uff0c\u7f8e\u503a\u957f\u7aef\u6536\u76ca\u7387\u6301\u7eed\u4e0a\u884c\uff0c\u7f8e\u5143\u906d\u9047\u629b\u552e\u3002<\/p>\n

\u5c31\u5728\u540c\u4e00\u65f6\u95f4\uff0c\u9ec4\u91d1\u4ef7\u683c\u98d9\u5347\uff0c\u7a81\u7834\u6bcf\u76ce\u53f83200\u7f8e\u5143\u5927\u5173\uff0c\u5728\u8fc7\u53bb\u4e00\u5468\u6536\u76d8\u62a53236.21\u7f8e\u5143\uff0c\u521b\u5386\u53f2\u65b0\u9ad8\u3002\u5173\u7a0e\u7f13\u548c\u548c\u7f8e\u503a\u6536\u76ca\u7387\u53cd\u5f39\u672c\u8be5\u6253\u538b\u4f5c\u4e3a\u751f\u606f\u8d44\u4ea7\u7684\u9ec4\u91d1\u4ef7\u683c\uff0c\u4f46\u7531\u4e8e\u7f8e\u5143\u4fe1\u7528\u906d\u5230\u52a8\u6447\uff0c\u7f8e\u503a\u4e27\u5931\u907f\u9669\u4f5c\u7528\uff0c\u4f3c\u4e4e\u5168\u7403\u90fd\u5728\u5bfb\u6c42\u6709\u6548\u7684\u907f\u9669\u8d44\u4ea7\u3002<\/p>\n

\u75af\u72c2\u884c\u60c5\u4e5f\u4f7f\u534e\u5c14\u8857\u7eb7\u7eb7\u4e0a\u8c03\u76ee\u6807\u4ef7\u30024\u670811\u65e5\uff0c\u9ad8\u76db\u5c062025\u5e74\u5e95\u91d1\u4ef7\u7684\u9884\u6d4b\u4e0a\u8c03\u81f3\u6bcf\u76ce\u53f83700\u7f8e\u5143\uff08\u6b64\u524d\u4e3a3300\u7f8e\u5143\uff09\uff0c\u8fd9\u4e00\u8c03\u6574\u7eb3\u5165\u4e86\u5f3a\u4e8e\u9884\u671f\u7684\u5404\u56fd\u592e\u884c\u8d2d\u91d1\u9700\u6c42\uff0c\u4ee5\u53ca\u8870\u9000\u98ce\u9669\u4e0a\u5347\u5e26\u6765\u7684ETF\u6d41\u5165\u63d0\u632f\u56e0\u7d20\u3002\u8fd9\u4e5f\u662f\u5f53\u524d\u9884\u6d4b\u503c\u6700\u9ad8\u7684\u6295\u884c\u3002\u6b64\u5916\uff0c\u5fb7\u610f\u5fd7\u94f6\u884c\u7684\u9884\u6d4b\u4e3a3350\u7f8e\u5143\uff0c\u745e\u94f63200\u7f8e\u5143\u3002<\/p>\n

<\/p>\n

\u9ec4\u91d1\u76ee\u6807\u4ef7\u518d\u4e0a\u8c03<\/strong><\/p>\n

\u91d1\u4ef7\u57284\u670811\u65e5\u521b\u4e0b\u65b0\u9ad8\uff0c\u4e00\u5ea6\u8fbe\u5230\u6bcf\u76ce\u53f83245\u7f8e\u5143\uff0c\u6b64\u524d\u57282\u65e5\u7f8e\u56fd\u5ba3\u5e03\u52a0\u5f81\u5173\u7a0e\u540e\u4e00\u5ea6\u4e0b\u8dcc5%\u3002\u6b64\u6b21\u5feb\u901f\u53cd\u5f39\u4e3b\u8981\u7f18\u4e8e\u6b64\u524d\u56e0\u80a1\u5e02\u629b\u552e\u5f15\u53d1\u8ffd\u52a0\u4fdd\u8bc1\u91d1\u800c\u5bfc\u81f4\u9ec4\u91d1\u88ab\u52a8\u629b\u552e\uff0c\u5982\u4eca\u591a\u5934\u56de\u8865\u5e26\u52a8\u4e86\u53cd\u5f39\u3002<\/p>\n

\u5c3d\u7ba1\u6295\u673a\u4ed3\u4f4d\u5927\u5e45\u4e0b\u964d\uff0c\u4f46\u7531\u4e8e\u5e02\u573a\u5bf9\u8870\u9000\u7684\u62c5\u5fe7\u52a0\u5267\uff0cETF\u6301\u4ed3\u4e0a\u5347\uff0c\u800c\u5728\u4e1c\u4e9a\u5730\u533a\uff0c\u9ec4\u91d1\u5b9e\u7269\u9700\u6c42\u4e5f\u5728\u4ef7\u683c\u8d70\u4f4e\u65f6\u51fa\u73b0\u56de\u5347\u3002<\/p>\n

\u201c\u91d1\u4ef7\u572810\u65e5\u548c11\u65e5\u51fa\u73b0\u660e\u663e\u53cd\u5f39\uff0c\u4e3b\u8981\u662f\u7531\u4e8e\u5e02\u573a\u4e0d\u786e\u5b9a\u6027\u6301\u7eed\uff0c\u6295\u673a\u8005\u56de\u8865\u4e86\u6b64\u524d\u88ab\u8feb\u5e73\u4ed3\u7684\u5934\u5bf8\u3002\u201d\u9ad8\u76db\u5168\u7403\u5927\u5b97\u5546\u54c1\u7814\u7a76\u8054\u5e2d\u4e3b\u7ba1\u7279\u9c81\u6587\uff08Daan Struyven\uff09\u8868\u793a\uff0c\u5c062025\u5e74\u5e95\u91d1\u4ef7\u7684\u9884\u6d4b\u4e0a\u8c03\u81f3\u6bcf\u76ce\u53f83700\u7f8e\u5143\uff08\u6b64\u524d\u4e3a3300\u7f8e\u5143\uff09\uff0c\u9884\u6d4b\u533a\u95f4\u4e3a3650\u81f33950\u7f8e\u5143\u3002<\/p>\n

\u592e\u884c\u8d2d\u91d1\u7684\u6500\u5347\u548c\u9ec4\u91d1ETF\u8d44\u91d1\u6d41\u5165\u589e\u52a0\u662f\u4e24\u5927\u8c03\u5347\u9884\u6d4b\u7684\u4e3b\u56e0\u3002\u9ad8\u76db\u6b64\u6b21\u5c06\u592e\u884c\u8d2d\u91d1\u5047\u8bbe\u4ece\u6bcf\u670870\u5428\u4e0a\u8c03\u81f380\u5428\u2014\u2014\u867d\u7136\u4ecd\u4f4e\u4e8e2022\u5e74\u4e4b\u540e\u7684\u5e73\u5747\u6c34\u5e73\uff08\u6bcf\u670886\u5428\uff09\uff0c\u4f46\u663e\u8457\u9ad8\u4e8e2022\u5e74\u4e4b\u524d\u7684\u57fa\u51c6\u6c34\u5e73\uff08\u6bcf\u670817\u5428\uff09\u3002\u6700\u65b0\u76d1\u6d4b\u6570\u636e\u663e\u793a\uff0c2025\u5e742\u6708\u592e\u884c\u8d2d\u91d1\u9ad8\u8fbe106\u5428\uff0c\u8fdc\u8d85\u6b64\u524d\u5047\u8bbe\u3002<\/p>\n

\u6b64\u5916\uff0c\u5728\u7ecf\u6d4e\u8870\u9000\u62c5\u5fe7\u4e0b\uff0cETF\u8d44\u91d1\u6d41\u5165\u5f80\u5f80\u4f1a\u5927\u5e45\u8d85\u51fa\u57fa\u4e8e\u7f8e\u8054\u50a8\u5229\u7387\u7684\u6a21\u578b\u9884\u6d4b\uff0c\u5e76\u5448\u6301\u7eed\u6027\u3002\u534e\u5c14\u8857\u6295\u884c\u76ee\u524d\u8ba4\u4e3a\uff0c\u672a\u676512\u4e2a\u6708\u7f8e\u56fd\u7ecf\u6d4e\u9677\u5165\u8870\u9000\u7684\u6982\u7387\u4e3a45%\uff0c\u5982\u679c\u8870\u9000\u6210\u771f\uff0cETF\u6d41\u5165\u53ef\u80fd\u4f1a\u8fdb\u4e00\u6b65\u52a0\u901f\uff0c\u63a8\u52a8\u91d1\u4ef7\u5728\u5e74\u5e95\u5347\u81f3\u6bcf\u76ce\u53f83880\u7f8e\u5143\u3002<\/p>\n

\u7279\u9c81\u6587\u8ba4\u4e3a\uff0c\u5728\u6781\u7aef\u5c3e\u90e8\u98ce\u9669\u60c5\u5883\u4e0b\uff0c\u91d1\u4ef7\u6709\u53ef\u80fd\u57282025\u5e74\u5e95\u524d\u5347\u81f3\u6bcf\u76ce\u53f84500\u7f8e\u5143\u3002\u4f46\u5982\u679c\u7ecf\u6d4e\u589e\u957f\u56e0\u653f\u7b56\u4e0d\u786e\u5b9a\u6027\u7f13\u89e3\u800c\u8d85\u9884\u671f\uff0cETF\u6d41\u5165\u53ef\u80fd\u56de\u5f52\u5229\u7387\u6a21\u578b\u6240\u53cd\u6620\u7684\u6b63\u5e38\u6c34\u5e73\uff0c\u5e74\u5e95\u91d1\u4ef7\u5219\u53ef\u80fd\u56de\u843d\u81f33550\u7f8e\u5143\u5de6\u53f3\u3002<\/p>\n

\u5176\u4ed6\u673a\u6784\u4e5f\u666e\u904d\u770b\u597d\u91d1\u4ef7\u8d70\u52bf\uff0c\u4e0d\u6392\u9664\u672a\u6765\u4f1a\u5bf9\u9884\u6d4b\u4ef7\u8fdb\u884c\u4e0a\u4fee\u3002\u5fb7\u94f6\u8d35\u91d1\u5c5e\u5206\u6790\u5e08\u859b\u5bb6\u5eb7\uff08Michael Hsueh\uff09\u5bf9\u8bb0\u8005\u8868\u793a\uff0c\u9ec4\u91d1\u7684\u957f\u671f\u725b\u5e02\u903b\u8f91\u4f9d\u7136\u7a33\u56fa\uff0c\u592e\u884c\u589e\u6301\u9ec4\u91d1\u50a8\u5907\u7684\u8d8b\u52bf\u6709\u671b\u5ef6\u7eed\uff0c\u53e0\u52a0ETF\u8d44\u91d1\u5728\u4e24\u5e74\u534a\u5185\u9996\u6b21\u56de\u6d41\u53ca\u4e2d\u56fd\u9669\u8d44\u5165\u573a\u7684\u79ef\u6781\u56e0\u7d20\uff0c\u9ec4\u91d1\u6295\u8d44\u9700\u6c42\u6216\u6301\u7eed\u8d70\u5f3a\uff0c\u9884\u8ba12025\u5e74\u5e95\u91d1\u4ef7\u5c06\u8fbe\u52303350\u7f8e\u5143\u3002<\/p>\n

\u201c\u7f8e\u5143\u66ff\u4ee3\u54c1\u201d\u9700\u6c42\u5f3a\u52b2<\/strong><\/p>\n

\u4e8b\u5b9e\u4e0a\uff0c\u652f\u6491\u91d1\u4ef7\u7684\u91cd\u8981\u56e0\u7d20\u5c31\u662f\u5168\u7403\u592e\u884c\u7684\u4e70\u9700\uff0c\u8fd9\u5728\u8fc7\u53bb\u51e0\u5e74\u5c31\u5df2\u4f53\u73b0\u3002\u5404\u754c\u9884\u8ba1\u8fd9\u79cd\u9700\u6c42\u5c06\u4f1a\u6269\u5927\uff0c\u5c24\u5176\u662f\u7f8e\u56fd\u653f\u7b56\u4e0d\u786e\u5b9a\u6027\u5f00\u59cb\u524a\u5f31\u5bf9\u7f8e\u5143\u8d44\u4ea7\u7684\u4fe1\u4ef0\u3002<\/p>\n

\u6e23\u6253\u5168\u7403\u9996\u5e2d\u7b56\u7565\u5e08\u7f57\u4f2f\u900a\uff08Eric Robertsen\uff09\u5bf9\u8bb0\u8005\u79f0\uff0c\u5c3d\u7ba1\u80a1\u5e02\u6682\u65f6\u83b7\u5f97\u5598\u606f\u7a7a\u95f4\uff0c\u4f46\u538b\u529b\u8ff9\u8c61\u4f9d\u7136\u5b58\u5728\u3002\u7f8e\u503a\u957f\u7aef\u6536\u76ca\u7387\u6301\u7eed\u4e0a\u884c\uff0c\u6536\u76ca\u7387\u66f2\u7ebf\u5448\u73b0\u201c\u718a\u9661\u201d\u7684\u8d8b\u52bf\u3002\u7f8e\u5143\u5bf9\u4f4e\u6536\u76ca\u8d27\u5e01\u5982\u6b27\u5143\u3001\u745e\u90ce\u548c\u65e5\u5143\u51fa\u73b0\u4e0b\u8dcc\uff0c\u53ef\u80fd\u610f\u5473\u7740\u6295\u8d44\u8005\u6b63\u5728\u62c5\u5fe7\u7f8e\u5143\u7684\u957f\u671f\u4fe1\u8a89\u53d7\u635f\u3002\u5c24\u5176\u662f\u5f53VIX\u6307\u6570\u9ad8\u8fbe40%\u3001\u6807\u666e500\u7684\u4e00\u4e2a\u6708\u5b9e\u73b0\u6ce2\u52a8\u7387\u8fbe\u523049%\u65f6\uff0c\u6295\u8d44\u8005\u4f9d\u65e7\u6ca1\u6709\u6d8c\u5165\u7f8e\u5143\u548c\u7f8e\u503a\uff0c\u8bf4\u660e\u5373\u4fbf\u5173\u7a0e\u653f\u7b56\u6682\u7f13\uff0c\u5e02\u573a\u4fe1\u5fc3\u53d7\u635f\u53ef\u80fd\u5df2\u7ecf\u6210\u4e3a\u4e8b\u5b9e\u3002<\/p>\n

<\/p>\n

\u5f53\u7f8e\u5143\u3001\u7f8e\u503a\u7684\u907f\u9669\u4ef7\u503c\u4e0b\u964d\u4e4b\u9645\uff0c\u9ec4\u91d1\u51e0\u4e4e\u6210\u4e86\u552f\u4e00\u7684\u6e2f\u6e7e\u3002\u859b\u5bb6\u5eb7\u8868\u793a\uff0c\u6570\u636e\u663e\u793a\uff0c2022\u5e74\u4ee5\u6765\uff0c\u5168\u7403\u592e\u884c\u8d2d\u91d1\u9700\u6c42\u5360\u5e02\u573a\u603b\u9700\u6c42\u7684\u6bd4\u91cd\u5df2\u4ece10%\u8dc3\u5347\u81f324%\uff0c\u8d2d\u4e70\u91cf\u8f832011~2021\u5e74\u5747\u503c\u7ffb\u500d\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u540c\u671f\u5bf9\u7f8e\u56fd\u56fd\u503a\u7684\u9700\u6c42\u4ec5\u5360\u65b0\u53d1\u89c4\u6a21\u76847%~10%\u3002\u5fb7\u94f6\u7814\u7a76\u5206\u6790\u79f0\uff0c\u9a71\u52a8\u5404\u56fd\u592e\u884c\u8d2d\u91d1\u7684\u6838\u5fc3\u52a8\u673a\u5305\u62ec\uff1a\u957f\u671f\u4fdd\u503c\u6216\u5bf9\u51b2\u901a\u80c0\uff0888%\u53d7\u8bbf\u592e\u884c\u8ba4\u53ef\uff09\u3001\u5371\u673a\u65f6\u671f\u8868\u73b0\uff0882%\uff09\u53ca\u6295\u8d44\u7ec4\u5408\u591a\u5143\u5316\uff0876%\uff09\u3002<\/p>\n

<\/p>\n

\u4e16\u754c\u9ec4\u91d1\u534f\u4f1a2024\u5e74\u53d1\u5e03\u7684\u300a\u592e\u884c\u9ec4\u91d1\u50a8\u5907\u8c03\u67e5\u300b\u663e\u793a\uff0c66%\u7684\u592e\u884c\u9884\u8ba1\u672a\u6765\u5c06\u8fdb\u4e00\u6b65\u63d0\u9ad8\u9ec4\u91d1\u5728\u50a8\u5907\u8d44\u4ea7\u4e2d\u7684\u5360\u6bd4\uff0c\u8f832022\u5e74\u768446%\u663e\u8457\u4e0a\u5347\uff1b\u540c\u65f6\uff0c49%\u7684\u592e\u884c\u9884\u8ba1\u7f8e\u5143\u50a8\u5907\u5360\u6bd4\u5c06\u5728\u4e94\u5e74\u5185\u4e0b\u964d\uff0c\u9ad8\u4e8e\u6b64\u524d38%\u7684\u6bd4\u4f8b\u3002<\/p>\n

\u6b64\u5916\uff0c\u79c1\u4eba\u6295\u8d44\u9700\u6c42\u4ea6\u5448\u73b0\u56de\u6696\u8ff9\u8c61\u3002\u5168\u7403\u9ec4\u91d1ETF\u5728\u8fde\u7eed\u4e24\u5e74\u534a\u51c0\u6d41\u51fa\u540e\uff0c\u4e8e2025\u5e742\u6708\u9996\u6b21\u5b9e\u73b0\u540c\u6bd4\u6b63\u589e\u957f\u3002\u53d1\u8fbe\u5e02\u573a\u9ec4\u91d1ETF\u6295\u8d44\u91cf\u4e5f\u5728\u5f53\u6708\u6062\u590d\u540c\u6bd4\u6b63\u589e\u957f\u3002\u5982\u679cETF\u6295\u8d44\u8005\u73b0\u5728\u5f00\u59cb\u66f4\u52a0\u7a33\u5b9a\u5730\u79ef\u7d2f\u9ec4\u91d1\uff0c\u5e76\u4fdd\u6301\u8f83\u9ad8\u7684\u79ef\u7d2f\u6c34\u5e73\uff0c\u90a3\u4e48\u91d1\u4ef7\u7684\u8d85\u989d\u8868\u73b0\u5c06\u66f4\u5177\u786e\u5b9a\u6027\u3002<\/p>\n

\u7f8e\u80a1\u98ce\u9669\u5e76\u672a\u6d88\u6563<\/strong><\/p>\n

\u5bf9\u4e8e\u9ec4\u91d1\u7684\u591a\u5934\u800c\u8a00\uff0c\u80a1\u5e02\u98ce\u9669\u5e76\u672a\u6d88\u6563\u3002<\/p>\n

\u5c3d\u7ba1\u6807\u666e500\u6700\u7cdf\u7cd5\u768410\u4e2a\u4ea4\u6613\u65e5\u5927\u591a\u53d1\u751f\u5728\u81ea\u5927\u8427\u6761\u4ee5\u6765\u6700\u4e25\u91cd\u7684\u4e24\u6b21\u7ecf\u6d4e\u8870\u9000\u671f\u95f4\uff0c\u5373\u5168\u7403\u91d1\u878d\u5371\u673a\u548c\u65b0\u51a0\u75ab\u60c5\u671f\u95f4\uff0c\u4f46\u6700\u597d\u768410\u4e2a\u4ea4\u6613\u65e5\u4e5f\u90fd\u53d1\u751f\u5728\u8fd9\u4e9b\u65f6\u671f\u3002\u8fd9\u8868\u660e\u77ed\u671f\u7684\u53cd\u5f39\u5e76\u4e0d\u610f\u5473\u7740\u5e02\u573a\u5df2\u89e3\u9664\u4e86\u8b66\u62a5\u3002<\/p>\n

\u4ea6\u6709\u7f8e\u8d44\u6295\u884c\u4ea4\u6613\u5458\u5bf9\u8bb0\u8005\u8868\u793a\uff0c\u4e0a\u5468\u7684\u5e02\u573a\u6ce2\u52a8\u582a\u79f0\u804c\u4e1a\u751f\u6daf\u4e2d\u6700\u6fc0\u70c8\u7684\u3002\u6807\u666e500\u8fc7\u53bb\u4e00\u5468\u7684\u76d8\u4e2d\u6ce2\u52a8\u5e45\u5ea6\u60ca\u4eba\uff0c\u4e94\u4e2a\u4ea4\u6613\u65e5\u5206\u522b\u4e3a8.5%\u30017.3%\u300110.8%\u30014.7%\u548c3.1%\uff0c\u662f\u81ea1987\u5e74\u80a1\u707e\u4ee5\u67655\u65e5\u5b9e\u9645\u6ce2\u52a8\u7387\u7684\u7b2c\u4e09\u5927\u98d9\u5347\uff08\u4ec5\u6b21\u4e8e\u5168\u7403\u91d1\u878d\u5371\u673a\u548c\u65b0\u51a0\u75ab\u60c5\u671f\u95f4\uff09\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0c2017\u5e74\u201c\u7279\u6717\u666e1.0\u201d\u7684\u7b2c\u4e00\u5e74\uff0c\u6807\u666e500\u521b\u4e0b\u6709\u53f2\u4ee5\u6765\u6700\u4f4e\u7684\u5b9e\u9645\u6ce2\u52a8\u7387\u3002<\/p>\n

\u6447\u6eda\u822c\u7684\u884c\u60c5\u5e76\u4e0d\u9650\u4e8e\u80a1\u5e02\uff0c\u503a\u5238\u5e02\u573a\u540c\u6837\u9707\u8361\u2014\u20142017\u5e74\uff0c\u7f8e\u56fd10\u5e74\u671f\u56fd\u503a\u6536\u76ca\u7387\u521b\u4e0b\u5386\u53f2\u6700\u7a84\u6ce2\u52a8\u533a\u95f4\uff1b\u800c\u8fc7\u53bb\u4e00\u5468\u5219\u521b\u4e0b\u73b0\u4ee3\u5386\u53f2\u4e0a\u8be5\u8d44\u4ea7\u7c7b\u522b\u7b2c\u4e09\u5927\u6ce2\u52a8\u5e45\u5ea6\uff08\u540c\u6837\u4ec5\u6b21\u4e8e\u91d1\u878d\u5371\u673a\u548c\u65b0\u51a0\u75ab\u60c5\u671f\u95f4\u7684\u6781\u7aef\u60c5\u5883\uff09\u3002<\/p>\n

\u5728\u7f8e\u80a1\u5b9e\u73b0\u6301\u7eed\u53cd\u5f39\u4e4b\u524d\uff0c\u901a\u5e38\u4f1a\u770b\u5230\u4ee5\u4e0b\u51e0\u4e2a\u6761\u4ef6\uff1a\u4f30\u503c\u5177\u6709\u5438\u5f15\u529b\uff0c\u6781\u7aef\u7684\u5e02\u573a\u4ed3\u4f4d\uff0c\u653f\u7b56\u652f\u6301\uff0c\u7ecf\u6d4e\u589e\u957f\u653e\u7f13\u7684\u901f\u5ea6\u6b63\u5728\u51cf\u7f13\u3002\u5f53\u524d\uff0c\u8fd9\u4e9b\u90fd\u4ecd\u5f85\u89c2\u671b\u3002<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\u7f8e\u56fd\u5173\u7a0e\u653f\u7b56\u7684\u201c90\u5929\u7f13\u671f\u201d\u7ed9\u7f8e\u80a1\u5e26\u6765\u4e86\u663e\u8457\u7f13\u89e3\u3002\u7eb3\u65af\u8fbe\u514b100\u6307\u6570\u521b\u4e0b\u5386\u53f2\u4e0a\u5355\u65e5\u6700\u5927\u6da8\u5e45\u4e4b\u4e00\u3002\u7136\u800c\uff0c\u5e02\u573a\u538b\u529b\u4f9d\u7136\u5b58\u5728\uff0c\u7f8e\u503a\u957f\u7aef\u6536\u76ca\u7387\u6301\u7eed\u4e0a\u884c\uff0c\u7f8e\u5143\u906d\u9047\u629b\u552e\u3002 \u5c31\u5728\u540c\u4e00\u65f6\u95f4\uff0c\u9ec4\u91d1\u4ef7…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-388","post","type-post","status-publish","format-standard","hentry","category-2"],"views":333,"_links":{"self":[{"href":"http:\/\/www.coscoxh.com\/index.php?rest_route=\/wp\/v2\/posts\/388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.coscoxh.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.coscoxh.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.coscoxh.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.coscoxh.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=388"}],"version-history":[{"count":1,"href":"http:\/\/www.coscoxh.com\/index.php?rest_route=\/wp\/v2\/posts\/388\/revisions"}],"predecessor-version":[{"id":389,"href":"http:\/\/www.coscoxh.com\/index.php?rest_route=\/wp\/v2\/posts\/388\/revisions\/389"}],"wp:attachment":[{"href":"http:\/\/www.coscoxh.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.coscoxh.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=388"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.coscoxh.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}