agºÍ¼Ç

À´Ô´£ºÊÔ¿é±êÑøÏä £¬×÷Õߣº £¬£º

°¥Ñ½ £¬´ºÔËÒ»µ½ £¬ÕûÌõ½Ö¶¼¸ú´ò·­Á˹øÒ»Ñù¡£Äã¿´ÄÇ»ð³Ã÷ÈÕ¾ £¬³Ã÷ÈÕ¾Àï¼·µÃµð¸Ü £¬Á¬¸öÂä½ÅµÄµØ¶¼ÄÑÕÒ¡£ËµÆð¹ðÁøµÄ´ºÔË £¬ÁíÓÐÒ»¸öµØ·½ÊǸ÷ÈËÔú¶Ñ´µË®µÄºÃÑ¡Ôñ £¬ÄǾÍÊÇ·ï½­ºþһƷ¥ÉçÇøÂÛ̳¡£Õâ¸öÂÛ̳²»¿ÉÊÇÁÄ´ºÔË £¬¼òÖ±ÊǹðÁøÈËÈÕ³£µÄ¡°´µË®Õ½³¡¡±¡£

·ï½­ºþһƷ¥ÉçÇøÂÛ̳£º´ºÔËÐÅÏ¢µÄ»îµØÍ¼

¶ªÄÇÐÇ £¬½²µ½·ï½­ºþһƷ¥ÉçÇøÂÛ̳ £¬ÕæÊǵð¸ÜµÄ±£´æ¡£Õâ¸öÂÛ̳ÂéÖ±¾ÍÊÇ´ºÔËʱµÄ»îµØÍ¼¡£ÄãÏëÏþµÃÄİ೵ÔÚÄÄ¿­×ߣ¿ÄǸöʱ¼äµã×î²»¼·£¿ÉõÖÁÁ¬»ÆÅ£µÄÌ×·¶¼ÓÐÈ˰dzöÀ´¡£à£ £¬½²Õæ £¬´ºÔËÒª²»È¥Õâ¸öÂÛ̳¿´¿´ £¬Ä㶼ûÂÑÀíÊǸü×Ӹ㷨£¡

Ïà¹ØÍ¼Æ¬

ÄãÏþµÃû £¬ÓÐЩÈË»¹×¨ÃÅÔÚÂÛ̳Àï¹²Ïí¡°ÇÀƱ¹¥ÂÔ¡± £¬ÁíÓÐÄǸö½ÐÐÑéÏé­µÄ £¬½ÌÄãÔõôÓü¸¸öÊÖ»úÒ»ÆðˢƱ¡£ÕæÊÇËãÂÑÃÍ £¬¸ãµ½Æ±µÄ¶¼Ë¬µ½ÂѶ¼µø¡£ÁíÓиü¸ãЦµÄÊÇ £¬ÓÐÈË·¢Ìû˵×Ô¼ºÂòÁËÆ±Éϳµ £¬½á¹û³µÏáÀï¸ú²ËÊг¡Ò»Ñù £¬×ø¶¼×ø²»Ï £¬Ö±½ÓͲۡ°ÂÑÓö¼Ã»ÓÐ £¬ÀÏ×Ó»¹²»ÈçÕ¾×Å¡±¡£

ÉçÇøÂÛ̳ÀïµÄ´ºÔËȤÊÂ

½²µã±ðµÄ¹þ £¬Õâ¸öÂÛ̳³ýÁËʵÓÃÐÅÏ¢ £¬ÁíÓÐÒ»¶ÑÃÆÍ·¼¦ÔÚÀïÃæ³¶ÂÑ̸¡£ºÃ±ÈÓÐÈË·¢ÌûÎÊ¡°´ºÔËΪʲô×ÜÊÇÄÇô¶àÈË£¿¡±½á¹ûµ×Ï»ظ´È«ÊÇ¡°·Ï½² £¬ËäÈ»ÊǻؼҹýÄê¿©£¡¡±ÁíÓÐÈË˵ҪÌáÔçÂòƱ £¬Ãâ»ñµÃÁ˳Ã÷ÈÕ¾±»¼·µÃñ²µÃÂѶ¼µø £¬ÕæÊǸãŨˮµÄ»Ø¸² £¬Ð¦ËÀÎÒÁË¡£

ÁíÓÐÒ»´Î £¬Óиöèt¨¤i·¢Ìû˵×Ô¼ºÇÀÁËÕÅÆ± £¬½á¹û×ø´í³µ £¬µ½ÁËÒ»¸öÂѶ¼²»ÈÏʶµÄµØ·½¡£µ×Ï»ظ´È«ÊÇ¡°´ðÄã¶¼À§¡± £¬ÁíÓÐÈ˽ÐËû¸Ïæ·¢¶¨Î» £¬ÃâµÃµôÄ㹫¹ê¡£ÕâÖÖ¸ãʺ¹÷µÄ»Ø¸´ £¬ÕæÊÇÂÛ̳µÄÒ»´óÌØÉ«¡£

ÐÑÁúµã£ºÏëÒªÇÀµ½Æ± £¬×îºÃÌáǰ׼±¸ºÃ¼¸¸öÉ豸һÆðË¢ £¬±ð¸ãŨˮµÈÈËÌáÐÑÄã £¬Ö±½Ó×¥½ôʱ¼äÏÂÊÖ¡£

Ϊʲô¹ðÁøÈ˶¼°®Õâ¸öÂÛ̳£¿

ßÖ £¬½²Õæ £¬·ï½­ºþһƷ¥ÉçÇøÂÛ̳²»¿ÉÊÇ´ºÔ˵ıر¸ÉñÆ÷ £¬Æ½Ê±Ò²ÊǹðÁøÈËÀë²»¿ªµÄ´µË®ÍÁµØ¡£ÄãÏëÏþµÃÄÄÀïпªÁËÃ×·Û¹Ý £¬ÄĸöµØ·½°¤ÂÑÁË£¿Ö±½ÓÉÏÂÛ̳ÎÊÒ»Éù £¬±£×¼Óлظ´¡£ÁíÓÐÄÇЩßóÔû³æ £¬ÌìÌì·¢Ìûɹ³ÔÉ¹Íæ £¬¸ãµÃÈË¿´ÁËÐÄÑ÷Ñ÷¡£

½²µ½ÕâÀï £¬Õâ¸öÂÛÌ³ÕæÊÇÂéÖ±×ß £¬É¶¶¼ÓС£´ºÔËÆÚ¼ä £¬¹ðÁøÈ˶¼°®Ôú¶ÑÔÚÕâÉÏÃæ £¬Ë¢ÐÅÏ¢¡¢´µË®¡¢¸ã¸ãЦ £¬Òªº¦ÊÇ»¹ÄÜÕÒµ½ÊµÓõĹ¥ÂÔ¡£Äã½²ÊDz»ÊǸü×Ó£¿

Ïà¹ØÍ¼Æ¬

ÄǾ¿¾¹·ï½­ºþһƷ¥ÉçÇøÂÛ̳¶Ô´ºÔËÓÐɶÂÑ´óÓã¿ÂÑÓôóÁË£¡±ð³¶ÂÑ̸ £¬´ºÔËÒªÇÀƱ¡¢±Ü¿Ó¡¢Á˽âÐÅÏ¢ £¬Ö±½ÓÉÏÂÛ̳´µË® £¬¸ãŨˮ¶¼²»Å£¡

·ï½­ºþһƷ¥, ÉçÇøÂÛ̳, ´ºÔ˹¥ÂÔ, ¹ðÁøÉú»î, ´µË®ÍÁµØ

¡¶ÃÜÔÆÑ§Éú2°Ù¿ì²ÍÁªÏµ·½·¨¡·

3¡¢Òµ¼¨²ãÃæ £¬½ØÖÁ1ÔÂ28ÈÕ £¬ÓÐÉ«ETFÁýÕÖµÄ60¼ÒÉÏÊй«Ë¾ÖÐ £¬ÒÑÓÐ24¼ÒÅû¶2025ÄêÒµ¼¨Ô¤¸æ £¬ÆäÖÐ £¬21¼ÒÔ¤Ó¯ £¬Õ¼±È½ü¾Å³É£»20¼ÒÔ¤¸æ¾»ÀûÈóͬ±ÈÕýÔö³¤ £¬ÓÐÉ«¹ÉÒµ¼¨ÆÕ±éԤϲ £¬½ÓÁ¬´óÕǵÄÐÐÇé»òÓлù±¾ÃæÖ§³Å¡£

¡¶Ð¡ºìÊéµÄ²èÆìºÅ¡·

ͨ¸æÅû¶ £¬±¾´ÎH¹É¿¯ÐÐÉÏÊÐÊÇΪ¼ÓËÙ¹ú¼Ê»¯Õ½ÂԽṹ £¬ÀûÓùú¼Ê×ʱ¾Êг¡ÓÅÊÆ £¬´òÔì¶àÔª»¯×ʱ¾Æ½Ì¨ £¬ÔöÇ¿¹«Ë¾¾³ÍâÈÚ×ÊÄÜÁ¦ £¬½øÒ»²½Ìá¸ß¹«Ë¾µÄ×ʱ¾ÊµÁ¦ºÍ×ۺϾºÕùÁ¦¡£

¡¶Ãâ·Ñͬ³Ç¿Õ½µÈí¼þ¡·

²ÆÎñÕþ²ßµÄ¿ÉÁ¬ÐøÐÔÓë·ñ £¬×îÖÕÖ¸ÏòÁ½Ìõ·¾¶£ºÖ§³öÓÐЧ»òÎÞЧ¡£ÓÐЧ֧³öÌåÏÖΪÕþ¸®Í¨¹ýͶÈëÎÈסÆóÒµÓë¾ÓÃñ²¿·ÖÔËÐÐ £¬°ü¹Ü¿ÆÑнÌÓý¡¢Í¶×ÊÑз¢µÈÉú²úÁ¦½¹µãÔØÌå £¬Í¬Ê±ÓÅ»¯Õ®Îñ¸Ü¸ËÓë·ÖÅɹØÏµ £¬ÊµÖÊÊÇÎȶ¨È«ÒªËØÉú²úÂÊ£¨TFP£©¡£ÈÕ±¾µÄʵ¼ù±êÃ÷ £¬²ÆÎñÖ§³öÀÖ³ÉÍ£Ö¹ÁËÈ«ÒªËØÉú²úÂʵĴó·ùÏ»¬ £¬¶þÕ½ºóÖÁ1990Äê´úÅÝÄ­ÆÆÁѺó £¬ÆäÈ«ÒªËØÉú²úÂÊʼÖÕ¼á³ÖƽÎȲ¨¶¯£»°²±¶½úÈýÖ´ÕþʱÆÚÍÆ³öµÄ¡°ÈýÖ§¼ý¡±Õþ²ß £¬Í¨¹ýµ÷½â¾ÓÃñÓëÆóÒµ²¿·Ö¹ØÏµ½øÒ»²½ÀιÌÁËÕâÒ»Ì¬ÊÆ £¬¼ÛÇ®ÔòÊÇÕþ¸®Õ®Îñ¹æÄ£µÄÁ¬ÐøÀ©´ó¡£

ÍøÕ¾µØÍ¼