agºÍ¼Ç

À´Ô´£º·ÄÖ¯²¼ÁÏ  £¬×÷Õߣº  £¬£º

ุúÄ㽲࣠ £¬×ñÒåÕ¾ÄDZßÎÒÏþµÃÄã¿Ï¶¨È¥¹ý¿©¡£¾¿¾¹ßã  £¬»ð³Ã÷ÈÕ¾Ò»´ø×ÜÊÇÈËÀ´ÈËÍùµÄ  £¬ÈÈÄÖµÃÂÑ»ðÌÌ¡£µ«ÄãÏþµÃû  £¬¾ÍÔÚ×ñÒåÕ¾´ó½ÖÄÇЩÏï×ÓÀï  £¬²ÅÊÇÕæÕý²Ø×źóԺÃÍæµÄËùÔÚ£¡½ñÌìßÖ  £¬ÎҾʹøÄã¿Ë̽̽ÄÇЩÏï×ÓÀïµÄÃŵÀ  £¬±£×¼Ä㾪ϲµÃÂѶ¼µø¡£

Ïï×ÓÀïµÄ³ÔÍ·  £¬ÂÑÊǵÄÏ㣡

ι  £¬½²µ½³Ô  £¬×ñÒåÕ¾´ó½ÖµÄÏï×ÓÄǽÐÒ»¸öµð¸Ü¡£ÌرðÊÇÄÇЩÀϵê  £¬ÕæÊǸãµÃÂÑÏ㣡ÄãÏþµÃ²»  £¬ÓмÒÂôÑòÈâ·ÛµÄ  £¬ÃÅ¿ÚÅų¤Áú࣠ £¬ÔçÉÏÆßµã¿ªÃÅ  £¬¾ÅµãûµÃ³ÔÁË¡£ÌÀµ×ÄǽÐÒ»¸öŨ  £¬ºÈÒ»¿Ú¶¼¾õµÃÂÑÊǵÄÂú×ã¡£ÌرðÊÇÅäÉϵãÀ±½·ÓÍ  £¬ÂéÖ±ÐÑÁú£¡

ÁíÓÐßÖ  £¬ÄǼÒÕ¨ÑóÓó  £¬°¥Ó´  £¬ÏãµÃµôÄ㹫¹ê£¡ÄǸöÕ¨µÃÍâËÖÀïÄÛ  £¬ÈöÉϵãÀ±½··ÛºÍ»¨½·Ãæ  £¬³ÔÆðÀ´Ö±½Óˬµ½ÂѶ¼µø¡£ÓÐʱºòÎÒ¶¼¾õµÃ  £¬ÕâЩÏï×ÓÀïµÄС³Ô  £¬²ÅÊÇÕæÕýµÄ±¦²Ø¿©£¡

ÐÑÁúµã£º¿ËÕâЩÏï×Ó³Ô¹¤¾ß  £¬¼ÇµÃ´øÏÖ½ð  £¬Ã»È»Ë¢¿¨¶¼¸ãÂÑû¼û¡£
Ïà¹ØÍ¼Æ¬

Ïï×ÓÀïµÄÊÖÒÕÈË  £¬¸ö¸öÓиãÍ·

Äã¿ÉÄÜÏë²»µ½à£  £¬ÕâЩÏï×ÓÀïÁíÓÐЩÊÖÒÕÈË  £¬ËûÃǵÄÉúÂ·ÕæÊÇËãÂÑÃÍ¡£ºÃ±ÈÓиö²¹Ð¬µÄʦ¸µ  £¬ÊÖÒպõÃÂÑ»ðÌÌ  £¬Ð¬×Ó²¹µÃ¸úеÄÒ»Ñù¡£ÁíÓиö×öÖñ±àµÄÀÏÈË¼Ò  £¬Ëû±àµÄÖñÀº×Ó  £¬ÄûؿË×°¹¤¾ßÓÖÔÃÄ¿ÓÖÄÍÓà  £¬ÕæÊÇÂÑ»®Ëã¡£

Ïà¹ØÍ¼Æ¬

×î¸ãЦµÄÊÇ  £¬ÓиöÐÞ±í½³  £¬ÌýËû³¶ÂÑ̸»¹Í¦ÓÐÒâ˼¡£Ëû×ܰ®½²Ð©¾Éʱ¹âµÄ¹ÊÊ  £¬ËµÒÔǰÕâÏï×ÓÀï¶àÈÈÄÖ  £¬Èý½ÅèµÄʶ¼ÄÜêþ³ö»¨Í·À´¡£Äã½²ÊDz»ÊǸü×Ó£¿

Ïï×ÓÀïµÄ¾°Îï  £¬±ðÓÐÒ»·¬Î¶µÀ

±ð¿´ÕâЩÏï×Ó²»´óßÖ  £¬µ«Òª½²¾°Îï  £¬ÂÑÓиãÍ·¡£ÄÇЩÀϾɵÄÇàשǽ  £¬ÃſڹÒ×ÅºìµÆÁý  £¬ÍíÉϵãÆðÀ´  £¬ßÖ¸öÆø·Õ  £¬ÊÇÕæµÄÓеãζµÀ¡£ÌرðÊÇÓêÌì  £¬µØÉÏʪäõäõµÄ  £¬Ç½ÉÏÅÀÂúÁËÇà̦  £¬¸ÐÊÜÏñ´©Ô½µ½ÒÔǰµÄÀÏ×ñÒå¡£

°¥  £¬²»¹ý½²Õæ  £¬Ïï×ÓÀïÒ²ÓÐЩµØ·½ÆßºÚ°ËºÚµÄ  £¬×߯ð·À´Óеãñ²µÃ»Å¡£ÌرðÊÇÍíÉÏ  £¬×Ô¼ºÒ»¸öÈË×ß×îºÃ×¢Òâµã  £¬¿ÉÄÜÓÐЩˣniaá̵ĻáͻȻ±Ä³öÀ´ÏÅÄãÒ»Ìø¡£Äã¶®ÂÑû£¿


ÄǾ¿¾¹×ñÒåÕ¾´ó½ÖµÄÏï×ÓÖµ²»ÖµµÃ¿Ë¹ä£¿ÂÑÊǵÄÖµ£¡³ÔµÄ¡¢ÍæµÄ¡¢¿´µÄ  £¬ÑùÑùÓиãÍ·¡£¼Ç×Å  £¬Ôçµã¿Ë  £¬±ðµÈÈ˼·ÈË  £¬Ã«¶¼ÃþÂÑûµ½¡£

Òªº¦´Ê£º×ñÒåÕ¾´ó½Ö, Ïï×ÓÌ½ÃØ, ×ñÒåÃÀʳ, Ïï×Ó¹ÊÊÂ, ÍâµØÉú»î

Ïà¹ØÍ¼Æ¬

¡¶½ð»ª¼¦ÎÑС³Ô½ÖÔÚÄÄ¡·

ÓÐÉùÒôÈÏΪ  £¬ÓáÃôºéµÄÕâÒ»½á¹¹»ò½«Íƶ¯ÀÏÄê½ÌÓýÓëÉ罻ЧÀÍÏòרҵ»¯¡¢ÄêÇữƫÏòת±ä  £¬ÎªÒø·¢¾­¼ÃÌṩеÄ˼·¡£

¡¶³£ÖÝÐÂÊзÁíÓÐÍæµÄÂð¡·

×ܵÄÀ´Ëµ  £¬2025ÄêÖйú¾­¼Ã½»³öÁËÒ»·ÝÀ´Ö®²»Òס¢º¬½ðÁ¿¼«¸ßµÄ´ð¾í£¡140ÍòÒÚµÄÀï³Ì±®  £¬±ê¼Ç×ÅÖйú¾­¼Ãµ×Å̸üʵ¡¢ÈÍÐÔ¸üÇ¿¡¢»îÁ¦¸ü×㣡չÍû2026Äê  £¬ËäÈ»ÖÖÖÖÌôÕ½Õվɱ£´æ  £¬µ«ÔÛÃÇÓÐµ×Æø¡¢ÓÐÐÅÐÄ  £¬ÔÚÖйúGDPµÄÔö³¤ÖÐ  £¬¹¹Öþ¸üºÃµÄÉú»î¡£

¡¶ÀÈ·»¹ãÑôÕ¾Ò»Ìõ½ÖÔÚÄÄ¡·

µ«¶ÌÆÚ²¨¶¯²¢Î´ÑÚ¸ÇÐÐÒµ¼ÛÖµ  £¬ÉÏÊÐÒøÐÐÒµ¼¨ÏòºÃÇÒ×ʲúÖÊÁ¿ÓÅ»¯  £¬³ÉΪÐÐÒµ»ØÅ¯ÖØÒªÐźÅ¡£ÆÖ·¢ÒøÐÐ2025Äê¶ÈÒµ¼¨¿ì±¨ÏÔʾ  £¬ÓªÒµÊÕÈë´ï1739.64ÒÚÔª  £¬Í¬±ÈÔö³¤1.88%  £¬¹éĸ¾»ÀûÈó500.17ÒÚÔª  £¬Í¬±ÈÔö·ù¸ß´ï10.52%  £¬¸üʵÏÖ²»Á¼´û¿îÓà¶îÓë²»Á¼ÂÊ¡°Ë«½µ¡±¡¢²¦±¸ÁýÕÖÂÊ¡°Ò»Éý¡±µÄ×ʲúÖÊÁ¿¸ÄÉÆÌ¬ÊÆ¡£ÖÐÐÅÒøÐеÈÉÏÊÐÒøÐÐͬÆÚÅû¶µÄÒµ¼¨¿ì±¨Ò²·ºÆðÁ¼ºÃÌ¬ÊÆ  £¬Ó¡Ö¤ÁËÒøÐÐÒµ¾­ÓªÐ§ÒæÌáÉýµÄÕûÌåÇ÷ÊÆ¡£ÒøÐаå¿éµÍ¹ÀÖµ¡¢¸ß¹ÉÏ¢µÄºã¾ÃÅäÖüÛֵ͹ÏÔ  £¬»ñ³¤Ïß×ʽðÈϿɡ£Ä¿½ñÒøÐаå¿é¹ÀÖµ´¦ÓÚÀúÊ·µÍλ  £¬½ØÖÁ2025Äê12ÔÂ31ÈÕ  £¬°å¿éÕûÌåÊо»ÂÊ0.81±¶  £¬½ÏA¹ÉÕûÌå¹ÀÖÃ÷ÈÕÛ¼Û½ü60%  £¬²¿·ÖÁúÍ·ÒøÐÐÊо»ÂʵÍÖÁ0.5±¶×óÓÒ£»2025Äê12ÔÂ31ÈÕ¹ÉÏ¢ÂÊ£¨TTM£©´ï4.73%  £¬Î»¾ÓÉêÍòÒ»¼¶ÐÐÒµµÚÒ»¡£½ØÖÁ2025ÄêÈý¼¾¶ÈÄ©  £¬ÏÕ×ÊÖØ²Ö¹ÉÊÐÖµÖÐÒøÐйÉÕ¼±È¸ß´ï51.92%  £¬³Ö²ÖÊÐÖµ´ï3318.99ÒÚÔª  £¬×ʽðÄæÊÆ½á¹¹¼£ÏóÃ÷ÏÔ¡£ÒøÐÐETFͨ¹ýÈ«ÐÐÒµÊèÉ¢½á¹¹  £¬¼æ¹ËÎȽ¡µ×²ÖÊôÐÔÓëÐÐÒµÐÞ¸´»úÔµ¡£ÒÔ¸ú×ÙÖÐÖ¤ÒøÐÐÖ¸ÊýµÄ²úƷΪÀý  £¬ÄÒÀ¨A¹É42¼ÒÉÏÊÐÒøÐÐ  £¬Ç°Ê®´óÈ¨ÖØ¹Éº­¸ÇÁúÍ·¹úÓдóÐÐÓë¸ßÉú³¤ÐԹɷÝÐÐ  £¬¼ÈËø¶¨¸ß¹ÉÏ¢ÊÕÒæ  £¬ÓÖÊèÉ¢¸ö¹ÉΣº¦  £¬ÈÃÆÕͨͶ×ÊÕßÎÞÐè¾À½á¸ö¹ÉÑ¡Ôñ  £¬¼´¿ÉÒ»¼üÕÆÎÕ°å¿é¡°ÒÔʱ¼ä»»¿Õ¼ä¡±µÄ¼ÛֵʵÏÖÀú³Ì  £¬ÍêÃÀÆõºÏ×éºÏ¡°Ñ¹²Õʯ¡±ÐèÇó¡£2026Äê»¯Õ®ÍÆ½ø¡¢Õþ²ß¿íËÉÓëÒµ¼¨¸ÄÉÆÐγÉÈýÖØ´ß»¯  £¬ÒøÐаå¿é¹ÀÖµÖØ¹ÀDZÁ¦ÏÔÖø¡£ÀúÊ·Êý¾ÝÏÔʾ  £¬»¯Õ®¶ÔÒøÐÐ×ʲúÖÊÁ¿¸ÄÉÆ×÷ÓÃÃ÷È·  £¬µþ¼ÓÑëÐнµ×¼½µÏ¢»º½âÇ·Õ®¶ËѹÁ¦¡¢Ò»¼¾±¨Åû¶ÁÙ½ü  £¬»ú¹¹Ô¤²â2026ÄêÉÏÊÐÒøÐÐÈ«ÄêÓªÒµÊÕÈëºÍ¹éĸ¾»ÀûÈóͬ±ÈÔöËÙ»ò»®·Ö¸ÄÉÆÖÁ3.3%/2.8%×óÓÒ  £¬ÐÐÒµÓÐÍûÓ­À´¾»×ʲúÓëÈ¨Òæ¼ÛÖµË«ÖØÖØ¹À¡£ÀúÊ·Òµ¼¨Ó¡Ö¤ÒøÐÐETFºã¾ÃͶ×ʼÛÖµ  £¬ÊÇ´©Ô½Êг¡ÖÜÆÚµÄÎȽ¡Ñ¡Ôñ¡£ÆäÁª½Ó»ù½ð½ü3ÄêÊÕÒæÂÊ´ï62.88%  £¬½ü5ÄêÊÕÒæ46.25%  £¬¾ù´ó·ùÅÜӮͬÀà²úÆ·  £¬ÇÒ½ü1Ä겨¶¯Âʽö14.73%  £¬¿¹²¨¶¯ÄÜÁ¦ÓÅÓÚ86%µÄͬÀà»ù½ð¡£ÔÚ¡°Õþ²ß¿íËÉ+¹ÀÖµÐÞ¸´+Òµ¼¨¸ÄÉÆ¡±µÄÈýÖØºìÀû´°¿ÚÏ  £¬ÒøÐаå¿é¶ÌÆÚ³ÐѹÕýÊǺã¾Ã½á¹¹µÄÆõ»ú¡£Õðµ´ÊÐÖÐÈ·¶¨ÐÔϡȱ  £¬ÒøÐÐETFÊÇ×ʲúÅäÖÃÖв»¿É»òȱµÄ¡°Ñ¹²Õʯ¡±¡£Æ¾½èÁýÕÖÈ«ÐÐÒµµÄÊèÉ¢½á¹¹¡¢ÀúÊ·µÍλµÄ¹ÀÖµÄþ¾²µæ¡¢Õþ²ß´ß»¯ÏµÄÐÞ¸´Ç±Á¦  £¬ÒÔ¼°Á¬ÐøÎȶ¨µÄ·Öºì»Ø±¨  £¬ÒøÐÐETFΪ׷Çóºã¾ÃÎȽ¡ÊÕÒæ¡¢Ï£Íûƽºâ×éºÏ²¨¶¯¡£

ÍøÕ¾µØÍ¼