| 棣栭〉 | 璧勮涓績(jī) | 鍖栧伐鍟嗚錘 | 縐戝鐮旂┒ | 浜т笟鍙戝睍 | 浜烘墠浜ゆ祦 | 浼?xì)灞曚俊鎭?/a> | 瀹炵敤緗戝潃 | 緹よ嫳鑱氶 | 瀛﹁呬粙緇?/a> | 浼?xì)鍛樹腑蹇?jī) | 璁哄潧 | ||
 | 濉戞枡 | 姍¤兌 | 綰ょ淮 | 娑傛枡涓庢補(bǔ)澧?/a> | 鑳剁矘鍓?/a> | 澶嶅悎鏉愭枡 | 鐭沖寲 | 鍖栧伐 | 浠櫒浠〃 | 鏂頒駭涓?/a> | 涓撻 | 榪斿洖棣栭〉 |
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| 棣栭〉 | 璧勮涓績(jī) | 鍖栧伐鍟嗚錘 | 縐戝鐮旂┒ | 浜т笟鍙戝睍 | 浜烘墠浜ゆ祦 | 浼?xì)灞曚俊鎭?/a> | 瀹炵敤緗戝潃 | 緹よ嫳鑱氶 | 瀛﹁呬粙緇?/a> | 浼?xì)鍛樹腑蹇?jī) | 璁哄潧 | ||
| 濉戞枡 | 姍¤兌 | 綰ょ淮 | 娑傛枡涓庢補(bǔ)澧?/a> | 鑳剁矘鍓?/a> | 澶嶅悎鏉愭枡 | 鐭沖寲 | 鍖栧伐 | 浠櫒浠〃 | 鏂頒駭涓?/a> | 涓撻 | 榪斿洖棣栭〉 |
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鍦ㄦ補(bǔ)浠蜂笅璺岃繃紼嬩腑錛岀煶娌瑰嚭鍙ｅ浗涔嬮棿鐨勭珵浜変篃鏃ヨ秼嬋鐑堬紝韜負(fù)鍏ㄧ悆鏈澶у師娌硅繘鍙ｅ浗鐨勪腑鍥斤紝鑷劧涔熸垚涓哄畠浠富瑕佺殑浜夋姠瀵硅薄銆?
褰撳湴鏃墮棿5鏈?0鏃ワ紝鍥藉姟闄㈠壇鎬葷悊寮犻珮涓藉湪淇勭綏鏂儲(chǔ)濂戜笌淇勭綏鏂壇鎬葷悊寰鋒矁?yōu)當(dāng)绉懢l村鍏卞悓涓繪寔涓縿鑳芥簮鍚堜綔濮斿憳浼?xì)绗崄涓墜啤浼?xì)璁?
寮犻珮涓借〃紺猴紝鍙屾柟瑕佺戶緇繁鍖栬兘婧愮瓑鍚勯鍩熷姟瀹炲悎浣滐紝涓轟袱鍥藉彂灞曟尟鍏磋繘紼嬫彁渚涢噸瑕佷繚闅溿傝鍧氬畾鍚堜綔淇″績(jī)錛岃繘涓姝ユ嫇灞曞悎浣滈鍩燂紝鍒涙柊鍚堜綔妯″紡錛屽悎鍔涙瀯寤轟腑淇勮兘婧愭垬鐣ュ悎浣滃叧緋伙紝涓嶆柇鎺ㄥ姩鑳芥簮鍚堜綔鍙栧緱鏇村瀹為檯鎴愭灉錛岄犵涓ゅ浗鍜屼袱鍥戒漢姘戙?
嫻峰叧鎬葷講榪戞棩鍙戝竷鐨勬暟鎹樉紺猴紝涓浗鍦?鏈堜喚浠庝縿緗楁柉榪涘彛鍘熸補(bǔ)閲忚揪鍒板垱綰綍鐨?81涓囧惃錛屽悓姣斿鍔?2.4%鈥斺旇繖涓鏁板瓧瓚呰繃浜?jiǎn)娌欑壒鍜屽畨鍝ユ媺锛屼縿缃楁柉宸簿l忔垚涓轟腑鍥芥渶澶х殑鐭蟲補(bǔ)渚涘簲鍥姐?
2011騫村紑濮嬶紝涓浗閫氳繃涓滆タ浼埄浜?澶鉤媧?601099,鑲″惂)鐭蟲補(bǔ)綆￠亾(ESPO)浠庝縿緗楁柉榪愯緭鐭蟲補(bǔ)錛屽湪榪囧幓5騫撮噷錛屼縿瀵逛腑鍥界煶娌?601857,鑲″惂)鍑哄彛閲忕炕浜?jiǎn)涓鐣備竴浜涘垎鏋愪漢澹涓猴紝淇勭綏鏂湪涓浗鐨勭煶娌硅繘鍙ｅ競(jìng)鍦轟喚棰濊繀閫熸彁鍗囷紝閮ㄥ垎婧愪簬淇勭綏鏂効鎰忔帴鍙椾漢姘戝竵緇撶畻錛屸滅煶娌逛漢姘戝竵鈥濈敋鑷蟲湁浠ｆ浛鈥滅煶娌圭編鍏冣濈殑瓚嬪娍銆?
棣栧腑淇℃伅瀹橀煩鏅撳鉤鍦ㄦ帴鍙楄鑰呴噰璁挎椂鍒嗘瀽錛屽湪鐭蟲補(bǔ)璐告槗涓嬌鐢ㄤ紭鍏堜嬌鐢ㄤ漢姘戝竵緇撶畻錛屾湁鍒╀簬浜烘皯甯佸浗闄呭寲銆傚悓鏃訛紝寰堝鐭蟲補(bǔ)鍑哄彛鍥戒篃鏄腑鍥藉晢鍝佺殑杈撳嚭鍦幫紝澧炲姞浜烘皯甯佸偍澶囦篃鍙互闄嶄綆澶氭鎹㈡眹鐨勪氦鏄撴垚鏈?
涓浗鏈澶у師娌逛緵搴斿浗棰戠箒鏄撲富
榪囧幓涓ゅ勾鏃墮棿閲岋紝娌逛環(huán)涓璺屽啀璺岋紝鍏充簬鈥滈檺浜р濈殑浼犻椈灞傚嚭涓嶇┓錛屼絾鏄縿緗楁柉鍜屾矙鐗逛袱涓渶澶х殑浜ф補(bǔ)鍥藉緇堟病鑳借揪鎴愰檺浜у叡璇嗭紝鐢氳嚦澧炲姞浜ч噺鎶㈠崰甯?jìng)鍦轰唤棰濄傜珵鎶鍦轟腑鎷掔粷鍑忎駭鐨勫浗瀹惰繕鏈変紛鎷夊厠銆侀樋鑱旈厠絳夊浗錛岃岀編鍥戒紬澶氶〉宀╂補(bǔ)鍘傚涔熸椂鍒誨噯澶囩潃鍦ㄦ補(bǔ)浠風(fēng)◢鏈夎搗鑹叉椂閲嶆柊寮宸ャ?
灝界鐭蟲補(bǔ)榪樿繙涓嶆槸涔版柟甯?jìng)鍦哄Q屼絾鍦ㄤ緵澶т簬姹傜殑鍩烘湰闈笅錛屽儚涓浗榪欐牱鐨勫ぇ瀹㈡埛涓鐩存槸鍗栨柟鎶㈠ず鐨勫璞°傜洰鍓嶇湅鏉ワ紝鍦ㄦ姠澶轟腑鍥藉競(jìng)鍦虹殑鎴樺焦涓紝淇勭綏鏂紑濮嬬暐鑳滀竴絳廣?
鍦ㄦ補(bǔ)浠蜂笅璺屽紑濮嬬殑2014騫達(dá)紝娌欑壒鍚戜腑鍥借緭鍑哄師娌規(guī)婚噺涓?967涓囧惃錛屾槸涓浗鏈澶х殑鍘熸補(bǔ)渚涘簲鍥姐傜浜屽悕鏄畨鍝ユ媺錛岃屼縿緗楁柉浠呬互3300涓囧惃浣嶅垪絎笁鈥斺旇繖涔熸槸澶氬勾鏉ヨ緝涓哄浐瀹氱殑搴ф鎺掑悕鐘舵併?
榪欎竴搴ф鑷幓騫村紑濮嬪彂鐢熷彉鍖栥傚幓騫?鏈堬紝淇勭綏鏂嬈¤秴榪囨矙鐗癸紝涔嬪悗涓浗鏈澶т緵搴斿浗鐨勫疂搴у湪涓ゅ浗涔嬮棿鍑犵粡浜ゆ浛錛屽埌浠婂勾4鏈堬紝淇勭綏鏂啀嬈′互481涓囧惃鐨勫垱綰綍鍑哄彛姘村鉤灝嗘矙鐗瑰拰瀹夊摜鎷夎繙榪滅敥鍦ㄤ簡(jiǎn)鍚庨潰銆?81涓囧惃鐩稿綋浜?鏈堜腑鍥藉師娌硅繘鍙ｆ婚噺鐨?5%錛屾瘮鍘誨勾鍚屾湡澶ф定浜?2.4%銆?
浜嬪疄涓婏紝淇勭綏鏂鍗庡嚭鍙ｅ凡緇忚繛緇騫翠笂鍗囥?011騫村紑濮嬶紝涓浗閫氳繃涓滆タ浼埄浜?澶鉤媧嬬煶娌圭閬撲粠淇勭綏鏂繍杈撶煶娌癸紝鍦ㄨ繃鍘?騫撮噷錛屼縿緗楁柉瀵逛腑鍥界殑鐭蟲補(bǔ)鍑哄彛閲忕炕浜?jiǎn)涓鐣紝騫沖潎姣忔棩澧炲姞55涓囨《銆?
鐩墠淇勭綏鏂瘡騫撮氳繃璇ョ煶娌圭閬撳悜涓浗榪愯緭棰勮500涓囧惃鐭蟲補(bǔ)錛屼絾鏈夋湜鍦ㄦ柊璁″垝涓嬪鍔犲埌姣忓勾榪愯緭1500涓囧惃銆備粖騫?鏈堜喚錛屼縿緗楁柉鐭蟲補(bǔ)榪愯緭鍏徃鍓昏璋㈠皵鐩?middot;瀹夊痙緗楁嘗澶О錛屼腑鍥藉湪2015騫村悓鎰忛氳繃ESPO綆￠亾浠庝縿緗楁柉榪涘彛2700涓囧惃鐭蟲補(bǔ)銆?
鎹垎鏋愬璇達(dá)紝 涓浗浣滀負(fù)灞堟寚鍙暟鐨勬秷璐瑰ぇ鎴鳳紝鍔垮繀鎴愪負(fù)鍚勬柟浜夊ず鐨勯噸鐐癸紝鈥滆繖涓鏈鏂版秷鎭弽鏄犲嚭錛屼腑鍥藉師娌硅繘鍙ｆ牸灞姝ｅ湪鍙戠敓鍙樺寲鈥濄?
鐭蟲補(bǔ)緇撶畻鍑虹幇緇曞紑緹庡厓瓚嬪娍
鏈夌爺絀舵姤鍛婅涓猴紝鐢變簬闀挎湡鐨勫師娌逛緵搴斿悎綰︿互鍙?qiáng)涓浗鐭虫矚w渶姹傚鍔狅紝涓縿鐨勭煶娌硅錘鏄撹妯¤繕灝嗙戶緇繚鎸佸湪楂樹綅銆?
2013騫達(dá)紝涓縿涓ゅ浗鐭蟲補(bǔ)浼佷笟絳劇講浜?jiǎn)闀挎湡澧炰緵鍘熸补鍚堝悓锛尵U﹀畾淇勭綏鏂湭鏉?5騫村皢鍚戜腑鍥戒緵搴?.65浜垮惃鐭蟲補(bǔ)錛屾諱環(huán)鍊奸珮杈?700浜跨編鍏冨乏鍙熾?
闅忕潃涓浗閫愭鏀懼紑鍘熸補(bǔ)榪涘彛閰嶉錛屼縿緗楁柉榪樼巼鍏堟姠鍗犲湴鏂圭嫭绔嬬偧娌瑰巶甯?jìng)鍦恒傚崜鍒涜祫璁垎鏋愬笀鍒樺瓱鍑銆婃瘡鏃ョ粡嫻庢柊闂匯嬭鑰呬粙緇嶏紝鐢變簬鍦扮偧緙哄皯涓庡浗澶栫煶娌瑰叕鍙告帴瑙︾殑緇忛獙錛岀洰鍓嶅ぇ澶氭暟鍦扮偧鍦ㄨ繘鍙ｇ煶娌規(guī)椂浠嶆槸閫氳繃涓煶娌規(guī)棗涓嬬殑涓仈娌瑰叕鍙歌繘琛岋紝涔熸洿鍋忓悜浜庤繘鍙ｆ湁闀挎湡鍚堝悓鐨勪縿緗楁柉鍘熸補(bǔ)銆?
鍦ㄤ簤澶哄湴鏂圭偧娌瑰巶鏃訛紝娌欑壒騫朵笉姣斾縿緗楁柉钀藉悗銆傛嵁澶栧獟鎶ラ亾錛屾矙鐗歸樋緹庢渶榪戝悜涓瀹朵腑鍥界嫭绔嬬偧娌瑰巶鈥斺斿北涓滀含鍗氱煶娌瑰寲宸ユ湁闄愬叕鍙稿嚭鍞簡(jiǎn)73涓囨《鍘熸補(bǔ)銆傝繖鏄矙鐗瑰ご涓嬈″悜鐙珛鐐煎巶鍑哄敭鐜拌揣鍘熸補(bǔ)銆?
涓浜涘垎鏋愪漢澹涓猴紝淇勭綏鏂湪涓浗鐨勭煶娌硅繘鍙ｅ競(jìng)鍦轟喚棰濊繀閫熸彁鍗囷紝閮ㄥ垎婧愪簬淇勭綏鏂効鎰忔帴鍙椾漢姘戝竵緇撶畻銆?
閲庢潙娌規(guī)皵鐮旂┒涓葷Gordon Kwan鏇捐〃紺猴紝浼撮殢淇勭綏鏂効鎰忔帴鍙椾漢姘戝竵緇撶畻鐭蟲補(bǔ)浜ゆ槗鐨勫喅瀹氾紝棰勮淇勭綏鏂涓浗浼?xì)鍑哄彛鏇村鍒浘U綍鐨勭煶娌規(guī)婚噺銆傚鏋滄矙鐗規(guī)兂瑕侀噸澶哄湪涓浗甯?jìng)鍦虹殑绗竴鍚嶏紝鎴栬闇瑕佹帴鍙椾漢姘戝竵榪涜浜ゆ槗錛岃岄潪鍙槸渚濋潬緹庡厓浜ゆ槗銆?
緹庡浗鐭ュ悕璐㈢粡鍗氬Zerohedge鍦ㄤ粖騫存棭浜涙椂鍊欐浘緇忔挵鏂囩О錛岀淮鎶ょ編鍏冨嚑鍗佸勾闇告潈鍦頒綅鐨勭煶娌圭編鍏冧綋緋繪鍦ㄩ愭笎鐡﹁В錛屽彇鑰屼唬涔嬪皢浼?xì)鏄汉姘戝竵锛屾柊璇炵敓鐨勨滅煶娌逛漢姘戝竵鈥濆皢寤虹珛涓縐嶆柊鐨勪笘鐣岀粡嫻庣З搴忊斺斿悗甯冮浄欏挎．鏋椾綋緋匯?
鈥滃綋騫寸編鍏冩垚涓哄叏鐞冩ц揣甯佹椂涔熸槸榪欎箞鍋氱殑銆傗濋煩鏅撳鉤璁や負(fù)錛屼腑鍥芥槸閲嶈鐨勫師娌硅繘鍙ｅ浗錛岄噰璐椂浼樺厛閫夋嫨鍙互浣跨敤浜烘皯甯佺粨綆楃殑渚涘簲鍟嗭紝鏈夊埄浜庝漢姘戝竵鍥介檯鍖栥?
姝ゅ錛屼縿緗楁柉銆佹矙鐗廣佷紛鎷夊厠絳変腑鍥介噸瑕佺殑鐭蟲補(bǔ)渚涘簲鍥斤紝鍚屾椂涔熸槸涓浗鍟嗗搧鐨勮緭鍑哄湴銆傗滀粬浠崠鐭蟲補(bǔ)鏃舵敹浜?jiǎn)錆h姘戝竵錛岃繖涓挶榪樺彲浠ュ啀浠庝腑鍥戒拱涓滆タ錛屽皯鎹竴嬈℃眹鍙互鑺傜害寰堝ぇ鐨勬垚鏈傗濋煩鏅撳鉤璇淬?