{"id":19686,"date":"2021-03-15T13:55:06","date_gmt":"2021-03-15T05:55:06","guid":{"rendered":"https:\/\/\/?p=19686"},"modified":"2023-11-21T09:02:05","modified_gmt":"2023-11-21T01:02:05","slug":"liquidity-risk","status":"publish","type":"post","link":"https:\/\/\/liquidity-risk\/","title":{"rendered":"\u6d41\u52d5\u6027\u98a8\u96aa\u662f\u4ec0\u9ebc\uff1f\u6d41\u52d5\u6027\u9ad8\u4f4e\u5c0d\u6295\u8cc7\u6709\u4ec0\u9ebc\u5f71\u97ff\uff1f"},"content":{"rendered":"<!-- \/367108978\/Rich01_PC_up_728x90 -->\n\t<div class='div-gpt-ad-css' id='div-gpt-ad-1564472272479-0' style='width: 728px; height: 90px;'>\n\t  <script>\n\t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1564472272479-0'); });\n\t  <\/script>\n\t<\/div><p><img decoding=\"async\" class=\"alignnone size-full wp-image-19687\" src=/index.html"https:\/\/\/wp-content\/uploads\/20210306233554_89.jpg\" alt=\"\u4ec0\u9ebc\u662f\u6d41\u52d5\u6027\u98a8\u96aa(Liquidity Risk)\uff1f\u6d41\u52d5\u6027\u9ad8\u4f4e\u5c0d\u6295\u8cc7\u6709\u4ec0\u9ebc\u5f71\u97ff\uff1f\" width=\"960\" height=\"502\" \/><\/p>\n<p>\u6295\u8cc7\u672c\u8eab\u5c31\u662f\u4ef6\u5177\u6709\u98a8\u96aa\u7684\u4e8b\uff0c\u5728\u4f60\u6c7a\u5b9a\u5c07\u8cc7\u91d1\u6295\u5165\u5230\u54ea\u88e1\u6642\uff0c<br \/>\n\u5c31\u5fc5\u9808\u5148\u6ce8\u610f\u4e00\u4e9b\u7279\u5b9a\u985e\u578b\u7684\u91d1\u878d\u98a8\u96aa\uff0c\u800c\u6d41\u52d5\u6027\u98a8\u96aa(Liquidity Risk)\u5c31\u662f\u6295\u8cc7\u98a8\u96aa\u7684\u5176\u4e2d\u4e00\u7a2e\u3002<\/p>\n<p>\u9019\u7bc7\u6587\u7ae0\u5e02\u5834\u5148\u751f\u4ecb\u7d39\u6d41\u52d5\u6027\u98a8\u96aa\uff0c\u5305\u542b\u4ee5\u4e0b\u5e7e\u500b\u90e8\u5206\uff1a<\/p>\n<p><!--more--><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_64 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">\u672c\u6587\u5e02\u5834\u5148\u751f\u6703\u544a\u8a34\u4f60\uff1a<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-66127a9e08348\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input 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noreferrer\">\u5404\u7a2e\u5e38\u898b\u8cc7\u7522\u7684\u6d41\u52d5\u6027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=/index.html"https:\/\/\/liquidity-risk\/#%E6%B5%81%E5%8B%95%E6%80%A7%E9%A2%A8%E9%9A%AA%E6%98%AF%E4%BB%80%E9%BA%BC%E6%84%8F%E6%80%9D%EF%BC%9F\" title=\"\u6d41\u52d5\u6027\u98a8\u96aa\u662f\u4ec0\u9ebc\u610f\u601d\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u6d41\u52d5\u6027\u98a8\u96aa\u662f\u4ec0\u9ebc\u610f\u601d\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=/index.html"https:\/\/\/liquidity-risk\/#%E6%B5%81%E5%8B%95%E6%80%A7%E9%AB%98%E4%BD%8E%E5%B0%8D%E6%8A%95%E8%B3%87%E6%9C%89%E4%BB%80%E9%BA%BC%E5%BD%B1%E9%9F%BF%EF%BC%9F\" title=\"\u6d41\u52d5\u6027\u9ad8\u4f4e\u5c0d\u6295\u8cc7\u6709\u4ec0\u9ebc\u5f71\u97ff\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u6d41\u52d5\u6027\u9ad8\u4f4e\u5c0d\u6295\u8cc7\u6709\u4ec0\u9ebc\u5f71\u97ff\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=/index.html"https:\/\/\/liquidity-risk\/#%E6%B5%81%E5%8B%95%E6%80%A7%E8%88%87%E6%8A%95%E8%B3%87%E5%A0%B1%E9%85%AC%E7%8E%87%E7%9A%84%E9%97%9C%E4%BF%82%EF%BC%8C%E5%9C%A8%E6%96%BC%E3%80%8C%E8%B3%87%E8%A8%8A%E6%98%AF%E5%90%A6%E5%B0%8D%E7%A8%B1%E3%80%8D\" title=\"\u6d41\u52d5\u6027\u8207\u6295\u8cc7\u5831\u916c\u7387\u7684\u95dc\u4fc2\uff0c\u5728\u65bc\u300c\u8cc7\u8a0a\u662f\u5426\u5c0d\u7a31\u300d\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u6d41\u52d5\u6027\u8207\u6295\u8cc7\u5831\u916c\u7387\u7684\u95dc\u4fc2\uff0c\u5728\u65bc\u300c\u8cc7\u8a0a\u662f\u5426\u5c0d\u7a31\u300d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=/index.html"https:\/\/\/liquidity-risk\/#%E6%96%B0%E6%89%8B%E6%8A%95%E8%B3%87%E6%87%89%E8%A9%B2%E9%81%BF%E5%85%8D%E5%93%AA%E4%BA%9B%E6%B5%81%E5%8B%95%E6%80%A7%E5%B7%AE%E7%9A%84%E5%95%86%E5%93%81%EF%BC%9F\" title=\"\u65b0\u624b\u6295\u8cc7\u61c9\u8a72\u907f\u514d\u54ea\u4e9b\u6d41\u52d5\u6027\u5dee\u7684\u5546\u54c1\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u65b0\u624b\u6295\u8cc7\u61c9\u8a72\u907f\u514d\u54ea\u4e9b\u6d41\u52d5\u6027\u5dee\u7684\u5546\u54c1\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=/index.html"https:\/\/\/liquidity-risk\/#%E6%B5%81%E5%8B%95%E6%80%A7%E9%A2%A8%E9%9A%AA%E5%B8%B8%E8%A6%8B%E5%95%8F%E9%A1%8CQ_A\" title=\"\u6d41\u52d5\u6027\u98a8\u96aa\u5e38\u898b\u554f\u984cQ&amp;A\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u6d41\u52d5\u6027\u98a8\u96aa\u5e38\u898b\u554f\u984cQ&amp;A<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"%E6%B5%81%E5%8B%95%E6%80%A7%E6%98%AF%E4%BB%80%E9%BA%BC%E6%84%8F%E6%80%9D%EF%BC%9F\"><\/span>\u6d41\u52d5\u6027\u662f\u4ec0\u9ebc\u610f\u601d\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>\u6d41\u52d5\u6027 (\u82f1\u6587: Liquidity)<\/strong>\u662f\u6307\u4e00\u7a2e\u8cc7\u7522\uff0c\u662f\u5426\u80fd<span style=\"text-decoration: underline;\">\u4ee5\u7a69\u5b9a\u7684\u50f9\u683c\u3001\u8fc5\u901f\u8cb7\u9032\u548c\u8ce3\u51fa<\/span>\uff0c<br \/>\n<strong>\u4e3b\u8981\u662f\u900f\u904e\u6709\u591a\u5c11\u8cb7\u5bb6\u3001\u8ce3\u5bb6\uff0c\u8861\u91cf\u4ea4\u6613\u662f\u5426\u5bb9\u6613\u9032\u884c\u7684\u6307\u6a19<\/strong>\u3002<\/p>\n<p>\u5982\u679c\u67d0\u9805\u8cc7\u7522\u7684\u4ea4\u6613\u6d3b\u52d5\u983b\u7e41\u3001\u8cb7\u65b9\u8ce3\u65b9\u90fd\u5f88\u591a\uff0c\u5c31\u4ee3\u8868\u9019\u500b\u8cc7\u7522\u6709\u9ad8\u6d41\u52d5\u6027\uff1b<br \/>\n\u5982\u679c\u4ea4\u6613\u6d3b\u52d5\u51b7\u6e05\u3001\u8cb7\u65b9\u8ce3\u65b9\u90fd\u5f88\u5c11\uff0c\u4ea4\u6613\u904e\u7a0b\u9700\u8981\u4ed8\u51fa\u9ad8\u984d\u6210\u672c\u4ee3\u50f9\uff0c\u5c31\u88ab\u7a31\u70ba\u6d41\u52d5\u6027\u5dee\u7684\u5e02\u5834\u6216\u6d41\u52d5\u6027\u4f4e\u3002<\/p>\n<p><strong>\u9ad8\u6d41\u52d5\u6027 vs \u4f4e\u6d41\u52d5\u6027 \u7684\u5b9a\u7fa9\uff1a<\/strong><\/p>\n<ul>\n<li><span style=\"font-size: 16px;\">\u80fd\u5920\u66f4\u5feb\u901f\u7684\u6210\u4ea4\u3001\u5bb9\u6613\u63db\u6210\u73fe\u91d1\uff0c\u4ee3\u8868\u6d41\u52d5\u6027\u9ad8\uff0c\u53cd\u4e4b\u5247\u6d41\u52d5\u6027\u4f4e\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u6210\u4ea4\u904e\u7a0b\u8cb7\u8ce3\u96d9\u65b9\u6240\u9700\u4ed8\u51fa\u7684\u4ea4\u6613\u6210\u672c\u8d8a\u4f4e\uff0c\u4ee3\u8868\u6d41\u52d5\u6027\u8d8a\u9ad8\uff0c\u53cd\u4e4b\u5247\u6d41\u52d5\u6027\u8d8a\u4f4e\u3002<\/span><\/li>\n<\/ul>\n<p>\u4f8b\u5982\uff1a<br \/>\n\u4f60\u8cb7\u8ce3Google\u7684\u80a1\u7968\uff0c\u53ef\u80fd\u53ea\u8981\u5e7e\u5fae\u79d2\u3001\u4e0d\u9700\u4ea4\u6613\u6210\u672c\u5c31\u53ef\u4ee5\u5b8c\u6210\u6210\u4ea4\uff0c\u9019\u5c31\u662f\u6d41\u52d5\u6027\u6975\u4f73\u7684\u72c0\u6cc1\u3002<br \/>\n\u4f46\u5982\u679c\u4f60\u60f3\u8ce3\u4e00\u68df\u623f\u5b50\uff0c\u4e5f\u8a31\u7b49\u4e863\u500b\u6708\u624d\u627e\u597d\u8cb7\u5bb6\uff0c\u6210\u4ea4\u50f9\u53ef\u80fd\u9084\u7565\u4f4e\u65bc\u9810\u671f\uff0c\u4e26\u4e14\u9084\u5f97\u9808\u70ba\u6210\u4ea4\u4ed8\u51fa\u9ad8\u90544%\u4ee5\u4e0a\u7684\u4ef2\u4ecb\u8cbb\u3002\u9019\u7a2e\u5c31\u662f\u6d41\u52d5\u6027\u4f4e\u7684\u72c0\u6cc1\u3002<\/p>\n<p>\u4e00\u822c\u4f86\u8aaa\uff0c\u7576\u8cb7\u8ce3\u96d9\u65b9\u53c3\u8207\u8005\u8d8a\u591a\u3001\u4ea4\u6613\u91cf\u8d8a\u5927\u3001\u4ea4\u6613\u8cc7\u7522\u7684\u54c1\u8cea\u8d8a\u6a19\u6e96\u5283\u4e00\u81f4\uff0c\u901a\u5e38\u6d41\u52d5\u6027\u5c31\u8d8a\u597d\u3002<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E5%90%84%E7%A8%AE%E5%B8%B8%E8%A6%8B%E8%B3%87%E7%94%A2%E7%9A%84%E6%B5%81%E5%8B%95%E6%80%A7\"><\/span>\u5404\u7a2e\u5e38\u898b\u8cc7\u7522\u7684\u6d41\u52d5\u6027<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>\u9ad8\u6d41\u52d5\u6027\u8cc7\u7522\uff1a<\/strong><\/p>\n<ul>\n<li><span style=\"font-size: 16px;\">\u5927\u578b\u80a1\u7968<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><a href=/index.html"https:\/\/\/diff-etf-and-mutual-fund\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u5171\u540c\u57fa\u91d1<\/a><\/span><\/li>\n<li><span style=\"font-size: 16px;\"><a href=/index.html"https:\/\/\/etf-risk-5\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">ETF<\/a><\/span><\/li>\n<li><span style=\"font-size: 16px;\"><a href=/index.html"https:\/\/\/t-bill-vs-t-note-vs-t-bond\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u7f8e\u570b\u516c\u50b5<\/a><\/span><\/li>\n<li><span style=\"font-size: 16px;\"><a href=/index.html"https:\/\/\/how-invest-gold\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u9ec3\u91d1<\/a>\u3001\u5176\u4ed6<a href=/index.html"https:\/\/\/precious-metals-invest\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u8cb4\u91d1\u5c6c<\/a><\/span><\/li>\n<li><span style=\"font-size: 16px;\"><a href=/index.html"https:\/\/\/what-is-options\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u9078\u64c7\u6b0a<\/a>\u3001<a href=/index.html"https:\/\/\/what-warrant\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u6b0a\u8b49<\/a> (\u4f46\u975e\u5168\u90e8\u90fd\u6d41\u52d5\u6027\u597d)<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u5404\u7a2e<a href=/index.html"https:\/\/\/commodity-futures-introduction-0\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u5546\u54c1\u671f\u8ca8<\/a>\u3001<a href=/index.html"https:\/\/\/equity-futures-introduction-stock\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u80a1\u7968\u671f\u8ca8<\/a><\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u73fe\u91d1\u548c\u73fe\u91d1\u7b49\u50f9\u7269\uff0c\u4f8b\u5982<a href=/index.html"https:\/\/\/money-market-fund\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u8ca8\u5e63\u5e02\u5834\u57fa\u91d1<\/a><\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u8f03\u77e5\u540d\u7684\u865b\u64ec\u8ca8\u5e63<\/span><\/li>\n<\/ul>\n<p><strong>\u4f4e\u6d41\u52d5\u6027\u8cc7\u7522\uff1a<\/strong><\/p>\n<ul>\n<li><span style=\"font-size: 16px;\">\u4e0d\u52d5\u7522\u548c\u571f\u5730<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u67d0\u4e9b\u516c\u53f8\u50b5\uff0c\u5c24\u5176\u4f4e\u4fe1\u8a55\u7684\u5783\u573e\u50b5<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u67d0\u4e9b\u5c0f\u578b\u80a1\u7968<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u5c11\u6578<a href=/index.html"https:\/\/\/what-is-options\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u9078\u64c7\u6b0a<\/a><\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u5c11\u6578<a href=/index.html"https:\/\/\/what-warrant\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u6b0a\u8b49<\/a><\/span><\/li>\n<li><span style=\"font-size: 16px;\"><a href=/index.html"https:\/\/\/what-is-hedge-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u5c0d\u6c96\u57fa\u91d1<\/a><\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u8f03\u51b7\u9580\u7684\u570b\u5bb6\u8ca8\u5e63<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u79c1\u52df\u80a1\u6b0a\u6295\u8cc7\u3001\u672a\u4e0a\u5e02\u516c\u53f8\u80a1\u6b0a<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u6536\u85cf\u54c1\u6216\u53e4\u8463(\u4f8b\u5982\u7389\u77f3\u3001\u73e0\u5bf6\u7b49)<\/span><\/li>\n<\/ul>\n<p>\u9664\u6b64\u4e4b\u5916\uff0c\u9084\u6709\u4e00\u4e9b\u975e\u6a19\u6e96\u5316\u7684\u6295\u8cc7\u8cc7\u7522\uff0c\u4e26\u6c92\u6709\u5728\u516c\u958b\u5e02\u5834\u4ea4\u6613\uff0c<br \/>\n\u5b83\u7684<a href=/index.html"https:\/\/\/what-is-counterparty-risk\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u4ea4\u6613\u5c0d\u624b<\/a>\u55ae\u4e00\u3001\u8b8a\u73fe\u56f0\u96e3\u3001\u63d0\u65e9\u8b8a\u73fe\u6642\u6298\u640d\u5de8\u5927\uff0c\u90fd\u7b97\u662f\u6d41\u52d5\u6027\u4e0d\u4f73\u7684\u985e\u578b\u3002<br \/>\n\u4f8b\u5982\uff1a\u5132\u84c4\u96aa\u3001<a href=/index.html"https:\/\/\/what-is-structured-product\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u7d50\u69cb\u578b\u91d1\u878d\u5546\u54c1<\/a>\u3001\u592a\u967d\u80fd\u96fb\u677f\u6295\u8cc7\u3001<span style=\"font-size: 16px;\"><a href=/index.html"https:\/\/\/what-is-p2p-loan\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">P2P\u501f\u8cb8<\/a> \u7b49\u7b49\uff0c\u90fd\u5c6c\u65bc\u4f4e\u6d41\u52d5\u6027\uff0c\u6216\u8005\u8ce3\u51fa\u6642\u9700\u8981\u4ed8\u51fa\u8f03\u9ad8\u4ea4\u6613\u6210\u672c\u7684\u985e\u578b\u3002<\/span><\/p>\n<p>\u6b64\u5916\u4e5f\u6709\u4e00\u4e9b\u6d41\u52d5\u6027\u4e0d\u4e0a\u4e0d\u4e0b\u7684\uff0c\u4f8b\u5982<a href=/index.html"https:\/\/\/what-is-preferred-stock\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u7279\u5225\u80a1<\/a>\u3001<a href=/index.html"https:\/\/\/blog-post_17-3\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u53ef\u8f49\u50b5<\/a>\u3001<a href=/index.html"https:\/\/\/what-is-etd-baby-bond\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">baby bond<\/a>\u7b49\u7b49\uff0c\u6d41\u52d5\u6027\u4e0d\u7b97\u592a\u597d\uff0c\u4f46\u4e5f\u4e0d\u81f3\u65bc\u592a\u5dee\u3002<\/p>\n<p><strong>\u6d41\u52d5\u6027\u9ad8\u7684\u8cc7\u7522\u7279\u6027\uff1a<\/strong><\/p>\n<p>\u4ee3\u8868\u5e02\u5834\u4e0a\u7684\u8cb7\u5bb6\u3001\u8ce3\u5bb6\u90fd\u5f88\u591a\uff0c\u4ea4\u6613\u80fd\u5feb\u901f\u57f7\u884c\uff0c<br \/>\n\u4f8b\u5982\u5916\u532f\u5e02\u5834\u5c31\u88ab\u8996\u70ba\u662f\u5168\u7403\u898f\u6a21\u6700\u5927\u3001\u6d41\u52d5\u6027\u6700\u9ad8\u7684\u5e02\u5834\u3002<br \/>\n\u80a1\u7968\u5e02\u5834\u4e2d\uff0c\u5927\u578b\u80a1\u7968\u4f8b\u5982\uff1a\u5fae\u8edf\u3001Google\u3001\u860b\u679c\u516c\u53f8\u7684\u6d41\u52d5\u6027\u5c31\u5f88\u9ad8\uff0c<br \/>\n\u4f46\u6bcf\u500b\u80a1\u7968\u9084\u6703\u56e0\u5e02\u503c\u7b49\u56e0\u7d20\u5f71\u97ff\u6d41\u52d5\u6027(\u50cf\u662f\u5927\u578b\u80a1\u3001\u5c0f\u578b\u80a1\u7684\u6d41\u52d5\u6027\u5c31\u6703\u5dee\u5f88\u591a)\u3002<\/p>\n<p><strong>\u6d41\u52d5\u6027\u4f4e\u7684\u8cc7\u7522\u7279\u6027\uff1a<\/strong><\/p>\n<p>\u4ee3\u8868\u8f03\u96e3\u9032\u884c\u8cb7\u8ce3\uff0c\u50cf\u662f\u898f\u6a21\u8f03\u5c0f\u7684\u80a1\u7968\u3001\u623f\u5730\u7522\u3001<br \/>\n\u67d0\u4e9b\u8f03\u51b7\u9580\u7684<a href=/index.html"https:\/\/\/what-forex-eur-usd\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u8ca8\u5e63\u5c0d<\/a>(\u4f8b\u5982\u767c\u5c55\u4e2d\u570b\u5bb6\u6216\u65b0\u8208\u5e02\u5834\u7684\u8ca8\u5e63)\u3001\u898f\u6a21\u8f03\u5c0f\u7684\u865b\u64ec\u8ca8\u5e63\u7b49\u7b49\u3002<\/p>\n<p><strong>\u6d41\u52d5\u6027\u9ad8\u4f4e\u662f\u76f8\u5c0d\u7684<\/strong><\/p>\n<p>\u5373\u4fbf\u540c\u6a23\u662f\u80a1\u7968\uff0c\u4e5f\u6709\u9ad8\u6d41\u52d5\u6027\u7684\u80a1\u7968\u8207\u4f4e\u6d41\u52d5\u6027\u7684\u80a1\u7968\uff0c\u9019\u4e9b\u4f4e\u6d41\u52d5\u6027\u80a1\u7968\uff0c\u4e5f\u8a31\u76f8\u5c0d\u5982\u623f\u5730\u7522\u3001\u9aa8\u8463\u73e0\u5bf6\uff0c\u5b83\u7684\u6d41\u52d5\u6027\u4f9d\u7136\u66f4\u597d\uff0c\u4f46\u76f8\u5c0d\u5176\u4ed6\u80a1\u7968\u4f86\u8aaa\u537b\u662f\u5f88\u5dee\u3002<\/p>\n<blockquote><p><strong>\u5e02\u5834\u5148\u751f\u63d0\u793a\uff1a\u6d41\u52d5\u6027\u4e26\u975e\u4e00\u6210\u4e0d\u8b8a<\/strong><\/p>\n<p>\u6d41\u52d5\u6027\u53ef\u80fd\u6703\u96a8\u6642\u9593\u6539\u8b8a\uff0c\u4f8b\u5982\u4e00\u500b\u4fe1\u7528\u8a55\u7b49\u7684\u826f\u597d\u7684\u50b5\u5238\uff0c\u6709\u4e00\u5929\u53ef\u80fd\u7a81\u7136\u88ab\u964d\u8a55\u70ba\u5783\u573e\u50b5\uff0c\u9019\u6642\u5019\u5b83\u7684\u6d41\u52d5\u6027\u5c31\u6703\u6025\u907d\u7684\u8b8a\u5dee\u3002\u53c8\u4f8b\u5982\u4e00\u500b\u4e0d\u52d5\u7522\uff0c\u53ef\u80fd\u56e0\u70ba\u9130\u8fd1\u767c\u751f\u706b\u707d\u610f\u5916\uff0c\u5c0e\u81f4\u5b83\u5f9e\u539f\u672c\u9084\u4e0d\u932f\uff0c\u8b8a\u5f97\u6975\u96e3\u8f49\u624b\u3002<\/p>\n<p>\u5728\u6975\u7aef\u6050\u614c\u7684\u5e02\u5834\u60c5\u7dd2\u4e0b\uff0c\u4e5f\u53ef\u80fd\u51fa\u73fe\u5404\u7a2e\u91d1\u878d\u5546\u54c1\u96e3\u4ee5\u6210\u4ea4\u7684\u72c0\u6cc1\uff0c\u4f46\u53ef\u80fd\u904e\u4e00\u9663\u5b50\u53c8\u6703\u6062\u5fa9\u4ee5\u5f80\u3002<\/p>\n<p>\u4fd7\u8a71\u8aaa\uff0c\u6c92\u6709\u8ce3\u4e0d\u6389\u7684\u6771\u897f\uff0c\u53ea\u6709\u8ce3\u4e0d\u6389\u7684\u50f9\u683c\u3002\u4f46\u5982\u679c\u70ba\u4e86\u6210\u4ea4\u9700\u8981\u4ed8\u51fa\u904e\u9ad8\u7684\u4ee3\u50f9\uff0c\u9019\u5176\u5be6\u5c31\u662f\u4e00\u7a2e\u96b1\u85cf\u7684\u640d\u5931\u8207\u6210\u672c\u3002<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"%E6%B5%81%E5%8B%95%E6%80%A7%E9%A2%A8%E9%9A%AA%E6%98%AF%E4%BB%80%E9%BA%BC%E6%84%8F%E6%80%9D%EF%BC%9F\"><\/span>\u6d41\u52d5\u6027\u98a8\u96aa\u662f\u4ec0\u9ebc\u610f\u601d\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>\u6d41\u52d5\u6027\u98a8\u96aa(Liquidity Risk)<\/strong>\u4ee3\u8868\u8cb7\u5165\u6216\u8ce3\u51fa\u8cc7\u7522\u7684<strong>\u5bb9\u6613\u7a0b\u5ea6<\/strong>\uff0c<\/p>\n<p>\u7576\u4e00\u7a2e\u8cc7\u7522\u7684<strong>\u6d41\u52d5\u6027\u8d8a\u5f37<\/strong>\uff0c\u5c31\u8d8a\u5bb9\u6613\u5c07\u5176\u8f49\u5316\u70ba\u73fe\u91d1\u4e26\u627e\u5230\u73fe\u6210\u7684\u8cb7\u5bb6\uff0c\u4ee3\u8868<strong>\u6d41\u52d5\u6027\u98a8\u96aa\u8f03\u4f4e<\/strong>\uff1b<br \/>\n\u800c\u7f3a\u4e4f\u6d41\u52d5\u6027\u7684\u8cc7\u7522\uff0c\u5247\u9700\u8981\u66f4\u591a\u7684\u6642\u9593\u627e\u5c0b\u8cb7\u5bb6\uff0c\u4f86\u8f49\u63db\u70ba\u73fe\u91d1\u548c\u51fa\u552e\uff0c\u4ee3\u8868\u6d41\u52d5\u6027\u98a8\u96aa\u8f03\u9ad8\u3002<\/p>\n<p>\u6d41\u52d5\u6027\u98a8\u96aa\u4e26\u4e0d\u55ae\u6307\u4e00\u7a2e\u5546\u54c1\uff0c<br \/>\n\u5305\u542b\u80a1\u7968\u3001\u50b5\u5238\u3001\u5916\u532f\u3001\u4e0d\u52d5\u7522\u7b49\u7b49\uff0c<br \/>\n\u5404\u7a2e\u91d1\u878d\u5de5\u5177\u6216\u975e\u91d1\u878d\u5de5\u5177\u90fd\u8981\u8003\u616e\u5230\u6d41\u52d5\u6027\u98a8\u96aa\uff0c\u4e5f\u5c31\u662f\u5b83\u88ab\u4ea4\u6613\u8cb7\u8ce3\u7684\u5bb9\u6613\u7a0b\u5ea6\uff0c\u4ee5\u53ca\u904e\u7a0b\u9700\u8981\u4ed8\u51fa\u7684\u6210\u672c\u3002<\/p>\n<p><strong>\u73fe\u91d1\u88ab\u8a8d\u70ba\u662f\u6d41\u52d5\u6027\u6700\u9ad8\u7684\u8cc7\u7522<\/strong><\/p>\n<p>\u56e0\u70ba\u5b83\u5f88\u7a69\u5b9a\u53c8\u53ef\u4ee5\u96a8\u6642\u53d6\u7528\uff0c<br \/>\n\u4e5f\u56e0\u6b64\u73fe\u91d1\u5e38\u88ab\u7528\u4f86\u8207\u5176\u4ed6\u91d1\u878d\u5de5\u5177\u7684\u6d41\u52d5\u6027\u8861\u91cf\uff0c\u4f8b\u5982\u8861\u91cf\u80a1\u7968\u8f49\u63db\u6210\u73fe\u91d1\u7684\u901f\u5ea6\uff0c\u5c31\u53ef\u4ee5\u770b\u51fa\u80a1\u7968\u7684\u6d41\u52d5\u6027\u98a8\u96aa\u3002<\/p>\n<blockquote><p><strong>\u5982\u679c\u4e00\u9805\u8cc7\u7522\u5f88\u96e3\u8f49\u63db\u6210\u73fe\u91d1\uff0c\u5b83\u5c31\u6703\u88ab\u8a8d\u70ba\u7f3a\u4e4f\u6d41\u52d5\u6027\uff0c\u4e5f\u5c31\u662f\u6d41\u52d5\u6027\u98a8\u96aa\u8f03\u9ad8\u3002<\/strong><\/p><\/blockquote>\n<p><strong>\u6d41\u52d5\u6027\u98a8\u96aa\u4e5f\u4ee3\u8868\u4f01\u696d\u7684\u511f\u50b5\u80fd\u529b<\/strong><\/p>\n<p>\u9664\u4e86\u7528\u4f86\u8861\u91cf\u8cc7\u7522\u7684\u6d41\u901a\u7a0b\u5ea6\u4e4b\u5916\uff0c<br \/>\n\u6d41\u52d5\u6027\u98a8\u96aa\u9019\u500b\u8a5e\uff0c\u5982\u679c\u662f\u7528\u5728\u4f01\u696d\u4e0a\uff0c\u901a\u5e38\u6307\u7684\u662f\u8861\u91cf\u516c\u53f8\u5c65\u884c\u77ed\u671f\u511f\u50b5\u7684\u80fd\u529b\u3002<\/p>\n<p>\u4e00\u5bb6\u516c\u53f8\u5982\u679c\u64c1\u6709\u7684\u73fe\u91d1\u8f03\u591a\uff0c\u90a3\u6d41\u52d5\u6027\u98a8\u96aa\u901a\u5e38\u8f03\u4f4e\uff0c\u5305\u542b\u73fe\u91d1\u3001\u77ed\u671f\u7968\u64da\u3001\u61c9\u6536\u5e33\u6b3e\uff0c\u9019\u4e9b\u7a31\u70ba<a href=/index.html"https:\/\/\/what-is-balance-sheet-4\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u6d41\u52d5\u8cc7\u7522<\/a>\uff0c\u610f\u601d\u5176\u5be6\u5c31\u662f\u6d41\u52d5\u6027\u6bd4\u8f03\u597d\u7684\u610f\u601d\u3002<br \/>\n\u53cd\u4e4b\uff0c\u4f01\u696d\u7684\u8a31\u591a\u8cc7\u672c\u3001\u5ee0\u623f\u3001\u6a5f\u5177\u8a2d\u5099\uff0c\u9019\u4e9b\u90fd\u662f\u96e3\u4ee5\u8b8a\u73fe\u7684\u8cc7\u7522\uff0c\u4f01\u696d\u9760\u53ef\u4ee5\u9019\u4e9b\u56fa\u5b9a\u8cc7\u7522\u4f86\u5275\u9020\u672a\u4f86\u73fe\u91d1\u6d41\uff0c\u4f46\u5982\u679c\u60f3\u628a\u5b83\u8b8a\u8ce3\u6e05\u7b97\u6389\uff0c\u4e00\u6587\u4e0d\u503c\u4e5f\u662f\u6709\u53ef\u80fd\u3002<\/p>\n<p>\u8861\u91cf\u4f01\u696d\u6d41\u52d5\u6027\u7684\u65b9\u6cd5\u6709\u5f88\u591a\uff0c\u4f8b\u5982\uff1a<\/p>\n<ul>\n<li><span style=\"font-size: 16px;\"><strong><a href=/index.html"https:\/\/\/1-current-ratio-quick-ratio\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u6d41\u52d5\u6bd4\u7387(Current Ratio)<\/a>\uff1a<\/strong>\u4ee3\u8868\u8457\u4f01\u696d \u511f\u50b5\u80fd\u529b \u7684\u9ad8\u4f4e<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><strong><a href=/index.html"https:\/\/\/1-current-ratio-quick-ratio\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u901f\u52d5\u6bd4\u7387(Quick Ratio)<\/a>\uff1a<\/strong>\u662f\u66f4\u56b4\u683c\u7684\u8a55\u4f30\u4f01\u696d\u624b\u4e0a\u80fd\u511f\u50b5\u7684\u73fe\u91d1<\/span><\/li>\n<li><span style=\"font-size: 16px;\"><a href=/index.html"https:\/\/\/blog-post_25-3\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>\u8ca0\u50b5\u6bd4\u7387(Debt Ratio)<\/strong><\/a>\uff1a\u8ca0\u50b5\u6bd4\u7387\u8d8a\u9ad8\u6642\u4ee3\u8868\u516c\u53f8\u6d41\u52d5\u6027\u8cc7\u7522\u76f8\u5c0d\u50b5\u52d9\u6bd4\u7387\u8d8a\u4f4e\u3001\u6d41\u52d5\u6027\u98a8\u96aa\u8d8a\u9ad8<\/span><\/li>\n<\/ul>\n<p>\u9019\u5e7e\u500b\u6307\u6a19\uff0c\u53ef\u4ee5\u7528\u4f86\u8861\u91cf\u516c\u53f8\u7684\u6d41\u52d5\u6027\u98a8\u96aa\uff0c<\/p>\n<p>\u5982\u679c\u4e00\u5bb6\u516c\u53f8\u5fc5\u9808\u7d93\u5e38\u589e\u52a0\u50b5\u52d9\u3001\u767c\u884c\u65b0\u80a1\u3001\u4f4e\u50f9\u51fa\u552e\u8cc7\u7522\uff0c\u624d\u80fd\u6eff\u8db3\u65e5\u5e38\u73fe\u91d1\u6d41\u9700\u6c42\u6216\u50b5\u52d9\uff0c\u4ee3\u8868\u5b83\u7684\u6d41\u52d5\u6027\u98a8\u96aa\u8f03\u9ad8\uff0c\u53ef\u80fd\u662f\u73fe\u91d1\u9031\u8f49\u4e0d\u96f6\uff0c\u6216\u8005\u6536\u6b3e\u5468\u671f\u592a\u9577\u3001\u5229\u606f\u6210\u672c\u592a\u9ad8\u3001<a href=/index.html"https:\/\/\/what-free-cash-flow\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u81ea\u7531\u73fe\u91d1\u6d41<\/a>\u4e0d\u8db3\u7b49\u7b49\uff0c\u6295\u8cc7\u9019\u985e\u80a1\u7968\u5c31\u8981\u5c0f\u5fc3\u3002<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E6%B5%81%E5%8B%95%E6%80%A7%E9%AB%98%E4%BD%8E%E5%B0%8D%E6%8A%95%E8%B3%87%E6%9C%89%E4%BB%80%E9%BA%BC%E5%BD%B1%E9%9F%BF%EF%BC%9F\"><\/span>\u6d41\u52d5\u6027\u9ad8\u4f4e\u5c0d\u6295\u8cc7\u6709\u4ec0\u9ebc\u5f71\u97ff\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>1. \u6d41\u52d5\u6027\u8d8a\u9ad8\uff0c\u6295\u8cc7\u7684\u98a8\u96aa\u8207\u4ea4\u6613\u6210\u672c\u8d8a\u4f4e\uff0c\u4ea4\u6613\u50f9\u683c\u76f8\u5c0d\u66f4\u5408\u7406<\/strong><\/p>\n<p>\u5982\u679c\u5e02\u5834\u6c92\u6709\u6d41\u52d5\u6027\uff0c\u5c31\u5f88\u96e3\u5c07\u8cc7\u7522\u51fa\u552e\u8f49\u63db\u70ba\u73fe\u91d1\u3002<\/p>\n<p>\u8209\u4f8b\u4f86\u8aaa\uff0c\u4f60\u53ef\u80fd\u64c1\u6709\u4e00\u4ef6\u975e\u5e38\u7a00\u6709\u73cd\u8cb4\u7684\u53e4\u8463\uff0c\u4f60\u89ba\u5f97\u5b83\u50f9\u503c1000\u842c\u5143\uff0c\u6216\u8005\u4f60\u7576\u521d\u662f\u75281000\u842c\u5143\u8cb7\u9032\uff0c<br \/>\n\u4f46\u662f\u82e5\u9019\u500b\u7269\u54c1\u6c92\u6709\u5e02\u5834(\u6c92\u6709\u8cb7\u5bb6)\uff0c\u90a3\u5b83\u7684\u50f9\u683c\u5c31\u6c92\u6709\u4efb\u4f55\u610f\u7fa9\u4e86\uff0c<\/p>\n<p>\u56e0\u70ba\u6c92\u6709\u4eba\u6703\u652f\u4ed8\u63a5\u8fd1\u5b83\u50f9\u503c\u7684\u8cbb\u7528\u4f86\u8cfc\u8cb7\uff0c\u4e5f\u5c31\u662f\u5b83\u7684\u6d41\u52d5\u6027\u5f88\u5dee\u3002<\/p>\n<p>\u751a\u81f3\u4f60\u53ef\u80fd\u9700\u8981\u59d4\u8a17\u53e4\u8463\u62cd\u8ce3\u884c\u7684\u516c\u53f8\u5e6b\u4f60\u5c0b\u627e\u6f5b\u5728\u8cb7\u5bb6\u4f86\u8ce3\u51fa\uff0c\u9019\u5c31\u9700\u8981\u82b1\u8cbb\u66f4\u591a\u7684\u6642\u9593\u548c\u6210\u672c\u3002<br \/>\n\u4e5f\u8a31\u7576\u4f60\u60f3\u8ce3\u6389\u6642\uff0c\u771f\u6b63\u7684\u6210\u4ea4\u50f9\u53ea\u6709300\u842c\u5143\uff0c\u9019\u5728\u4f4e\u6d41\u52d5\u6027\u7684\u8cc7\u7522\u4e0a\u662f\u5f88\u53ef\u80fd\u767c\u751f\u7684\u60c5\u6cc1\u3002<\/p>\n<p>\u6b64\u5916\uff0c\u5728\u8d8a\u77ed\u671f\u5167\uff0c\u4ea4\u6613\u6210\u672c\u5c0d\u6210\u679c\u7684\u8ca0\u9762\u5f71\u97ff\u8d8a\u5927\uff0c\u61c9\u8a72\u76e1\u53ef\u80fd\u6e1b\u5c11\u4ea4\u6613\u6210\u672c\u3002<\/p>\n<p>2.\u00a0<strong>\u6d41\u52d5\u6027\u8d8a\u9ad8\u7684\u8cc7\u7522\uff0c\u8d8a\u5bb9\u6613\u8b8a\u73fe\u3002\u53cd\u4e4b\u5f88\u53ef\u80fd\u60f3\u8ce3\u6642\u8ce3\u4e0d\u6389<\/strong><\/p>\n<p>\u4ee5\u4f01\u696d\u4f86\u8aaa\uff0c<br \/>\n\u4e00\u9593\u516c\u53f8\u5fc5\u9808\u6301\u6709\u8db3\u5920\u7684\u6d41\u52d5\u6027\u8cc7\u7522\u4f86\u652f\u4ed8\u5e33\u55ae\u3001\u85aa\u6c34\u7b49\u77ed\u671f\u50b5\u52d9\uff0c<br \/>\n\u5426\u5247\u5c31\u6703\u9762\u81e8\u6d41\u52d5\u6027\u98a8\u96aa\uff0c\u904e\u9ad8\u7684\u6d41\u52d5\u6027\u98a8\u96aa\u751a\u81f3\u53ef\u80fd\u6703\u5c0e\u81f4\u516c\u53f8\u7834\u7522\u3002<\/p>\n<p>\u6295\u8cc7\u4e5f\u662f\u5982\u6b64\uff0c\u4f8b\u5982\u5df4\u83f2\u7279\u65e9\u5e74\u6295\u8cc7\u8a31\u591a\u5c0f\u516c\u53f8\uff0c<br \/>\n\u4f46\u96a8\u8457\u4ed6\u7ba1\u7406\u8cc7\u7522\u898f\u6a21\u8d8a\u4f86\u8d8a\u5de8\u5927\uff0c\u4ed6\u5728\u6295\u8cc7\u6642\u53ea\u80fd\u9078\u64c7\u898f\u6a21\u5927\u7684\u6a19\u7684\uff0c\u4ed6\u66fe\u8aaa\u4ed6\u53ea\u80fd\u6295\u8cc7\u8cc7\u672c\u984d\u4e00\u5104\u7f8e\u5143\u4ee5\u4e0a\u7684\u4f01\u696d\uff0c\u5426\u5247\u5927\u7b46\u8cc7\u91d1\u6d41\u5165\u898f\u6a21\u5c0f\u7684\u516c\u53f8\uff0c\u5f88\u53ef\u80fd\u6703\u6709\u60f3\u8ce3\u6642\u8ce3\u4e0d\u6389\u3001\u751a\u81f3\u8ce3\u51fa\u6642\u6703\u5f71\u97ff\u80a1\u50f9\u7684\u60c5\u6cc1\u3002<\/p>\n<p><strong>3. \u6d41\u52d5\u6027\u8d8a\u4f4e\uff0c\u50f9\u683c\u8d8a\u53ef\u80fd\u88ab\u64cd\u5f04<\/strong><\/p>\n<p>\u4f8b\u5982\u67d0\u4e00\u6a94\u5e73\u5747\u4e00\u5929\u6210\u4ea4\u91d1\u984d\u53ea\u670910\u842c\u5143\uff0c\u4f46\u7a81\u7136\u67091000\u842c\u5143\u8cc7\u91d1\u6e67\u5165\uff0c<\/p>\n<p>\u4f60\u8a8d\u70ba\u9019\u6a94\u80a1\u7968\u6700\u5f8c\u7684\u50f9\u683c\uff0c\u662f\u53cd\u6620\u5b83\u771f\u6b63\u7684\u50f9\u503c\uff0c\u9084\u662f\u8aaa\u53ef\u80fd\u53d7\u5230\u9019\u7b46\u8cc7\u91d1\u5f71\u97ff\u800c\u5b9a\u5462\uff1f<\/p>\n<p>\u7576\u6d41\u52d5\u6027\u8d8a\u5dee\uff0c\u50f9\u683c\u8d8a\u6709\u53ef\u80fd\u88ab\u7279\u5b9a\u4eba\u58eb\u64cd\u5f04\uff0c\u9019\u4e26\u975e\u7d55\u5c0d\uff0c\u53ea\u662f\u6709\u9019\u7a2e\u98a8\u96aa\uff0c<br \/>\n\u800c\u4e00\u822c\u4eba\u5176\u5be6\u6c92\u5fc5\u8981\u53bb\u984d\u5916\u627f\u53d7\u9019\u4e9b\u98a8\u96aa\u3002<\/p>\n<blockquote><p>\u5e02\u5834\u5148\u751f\u63d0\u793a\uff1a\u8a8d\u8b58\u4ec0\u9ebc\u662f\u300c\u9020\u5e02\u8005\u300d<\/p>\n<p>\u9020\u5e02\u8005\u3001\u6216\u7a31\u70ba\u9020\u5e02\u5546\u3001\u505a\u5e02\u5546(\u82f1\u6587: Market maker)\uff0c\u662f\u6307\u5728\u5e02\u5834\u4e2d\u63d0\u4f9b\u6d41\u52d5\u6027\u7684\u4eba\u3002\u5927\u591a\u662f\u5728\u884d\u751f\u6027\u5546\u54c1\u7684\u4ea4\u6613\u4e0a\u6709\u6bd4\u8f03\u591a\u3002<br \/>\n\u4ed6\u5011\u6709\u975e\u5e38\u5de8\u5927\u7684\u6210\u4ea4\u91cf\uff0c\u5728\u4ea4\u6613\u6210\u672c\u3001\u8cc7\u8a0a\u4e0a\uff0c\u901a\u5e38\u90fd\u7565\u70ba\u9818\u5148\u6295\u8cc7\u4eba\u4e00\u9ede\uff0c\u4e5f\u5728\u5e02\u5834\u4e2d\u5275\u9020\u6d41\u52d5\u6027\uff0c\u4e5f\u8a66\u5716\u8cfa\u9032\u5fae\u5229\u3002<\/p>\n<p>\u4e00\u500b\u91d1\u878d\u8cc7\u7522\u5c1a\u4e0d\u6210\u719f\u6642\uff0c\u6703\u9700\u8981\u6709\u9020\u5e02\u5546\u5728\uff0c\u8b93\u5e02\u5834\u7684\u6d41\u52d5\u6027\u66f4\u597d\uff0c\u6240\u4ee5\u5be6\u969b\u4e0a\u9020\u5e02\u5546\u662f\u7d55\u5927\u591a\u6578\u4eba\u7684\u4ea4\u6613\u5c0d\u624b\u3002<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"%E6%B5%81%E5%8B%95%E6%80%A7%E8%88%87%E6%8A%95%E8%B3%87%E5%A0%B1%E9%85%AC%E7%8E%87%E7%9A%84%E9%97%9C%E4%BF%82%EF%BC%8C%E5%9C%A8%E6%96%BC%E3%80%8C%E8%B3%87%E8%A8%8A%E6%98%AF%E5%90%A6%E5%B0%8D%E7%A8%B1%E3%80%8D\"><\/span>\u6d41\u52d5\u6027\u8207\u6295\u8cc7\u5831\u916c\u7387\u7684\u95dc\u4fc2\uff0c\u5728\u65bc\u300c\u8cc7\u8a0a\u662f\u5426\u5c0d\u7a31\u300d<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>\u6d41\u52d5\u6027\u9ad8\u6216\u4f4e\uff0c\u548c\u6295\u8cc7\u6240\u80fd\u5f97\u5230\u7684\u5831\u916c\u4e0d\u4e00\u5b9a\u6709\u95dc<\/strong><\/p>\n<p>\u8209\u500b\u4f8b\u5b50\uff1a<br \/>\n\u73e0\u5bf6\u6d41\u52d5\u6027\u4e26\u4e0d\u9ad8\uff0c\u4f46\u73e0\u5bf6\u5e97\u8cfa\u4e0d\u8cfa\u9322\u5462\uff1f<br \/>\n\u4e0d\u52d5\u7522\u6d41\u52d5\u6027\u4e26\u4e0d\u9ad8\uff0c\u4f46\u4e0d\u52d5\u7522\u5546\u8cfa\u4e0d\u8cfa\u9322\u5462\uff1f\u900f\u904e\u4e0d\u52d5\u7522\u6295\u8cc7\u7684\u4eba\u662f\u5426\u5831\u916c\u90fd\u4e0d\u597d\u5462\uff1f<\/p>\n<p>\u986f\u7136\uff0c\u5831\u916c\u7387\u8207\u6d41\u52d5\u6027\u6709\u4e00\u9ede\u95dc\u806f\uff0c\u4f46\u4e26\u975e\u6709\u7d55\u5c0d\u7684\u95dc\u4fc2\u3002<\/p>\n<p><strong>\u6d41\u52d5\u6027\u8d8a\u4f4e\u6642\uff0c\u5c0d\u4ea4\u6613\u8cc7\u8a0a\u53d6\u5f97\u5c31\u66f4\u52a0\u91cd\u8981<\/strong><\/p>\n<p>\u7576\u53c3\u8207\u8005\u8d8a\u5c11\uff0c\u9019\u4ee3\u8868\u7576\u4f60\u64c1\u6709\u66f4\u591a\u8cc7\u8a0a\u6642\uff0c\u53ef\u80fd\u5c31\u6703\u76f8\u5c0d\u5225\u4eba\u6709\u4e0d\u516c\u5e73\u7684\u512a\u52e2\u3002<\/p>\n<p>\u4f8b\u5982\u4f60\u64c1\u6709\u4e00\u9805\u6d41\u52d5\u6027\u5dee\u7684\u5546\u54c1\uff0c\u4f46\u4e5f\u8a31\u56e0\u70ba\u7269\u4ee5\u7a00\u70ba\u8cb4\uff0c\u5b83\u53cd\u800c\u80fd\u8ce3\u5230\u9060\u8d85\u76ee\u524d\u50f9\u503c\u7684\u50f9\u683c\uff08\u8cb7\u5bb6\u5247\u662f\u4ed8\u51fa\u984d\u5916\u7684\u6ea2\u50f9\uff09\u3002<\/p>\n<blockquote><p><strong>\u5e02\u5834\u5148\u751f\u63d0\u793a\uff1a\u6295\u8cc7\u65b0\u624b\u61c9\u8a72\u907f\u514d\u6295\u8cc7\u6d41\u52d5\u6027\u5dee\u7684\u91d1\u878d\u8cc7\u7522<\/strong><\/p>\n<p>\u7406\u7531\u5f88\u7c21\u55ae\uff0c\u56e0\u70ba\u6295\u8cc7\u65b0\u624b\u4e26\u4e0d\u5177\u6709\u8cc7\u8a0a\u512a\u52e2\uff0c<br \/>\n\u6240\u4ee5\u4f4e\u6d41\u52d5\u6027\u4e5f\u8a31\u53ef\u4ee5\u6709\u8d85\u984d\u5831\u916c\uff0c\u4f46\u9019\u4e9b\u597d\u8655\u8f2a\u4e0d\u5230\u65b0\u624b\uff0c\u53ea\u6709\u88ab\u5bb0\u6642\u80fd\u8f2a\u5230\u65b0\u624b\u3002<\/p>\n<p>\u9ad8\u6d41\u52d5\u6027\u4e5f\u8a31\u610f\u5473\u8457\u6c92\u6709\u8d85\u984d\u5831\u916c\uff0c\u4f46\u662f\u4f60\u6c92\u6709\u512a\u52e2\uff0c\u5225\u4eba\u4e5f\u6c92\u6709\uff0c\u4e14\u5927\u5bb6\u4ea4\u6613\u6210\u672c\u90fd\u5f88\u4f4e\uff0c\u9577\u671f\u800c\u8a00\u4ecd\u662f\u6700\u6709\u5229\u3002<\/p>\n<p>\u53ea\u6709\u4f60\u5177\u5099\u67d0\u4e9b\u9818\u4e9b\u5225\u4eba\u7684\u8cc7\u8a0a\u53ca\u5c08\u696d\u6642\uff0c\u624d\u53ef\u80fd\u5f9e\u4f4e\u6d41\u52d5\u6027\u7684\u5546\u54c1\u6216\u8cc7\u7522\u4e2d\u627e\u5230\u6a5f\u6703\u3002<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"%E6%96%B0%E6%89%8B%E6%8A%95%E8%B3%87%E6%87%89%E8%A9%B2%E9%81%BF%E5%85%8D%E5%93%AA%E4%BA%9B%E6%B5%81%E5%8B%95%E6%80%A7%E5%B7%AE%E7%9A%84%E5%95%86%E5%93%81%EF%BC%9F\"><\/span>\u65b0\u624b\u6295\u8cc7\u61c9\u8a72\u907f\u514d\u54ea\u4e9b\u6d41\u52d5\u6027\u5dee\u7684\u5546\u54c1\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u9019\u4e9b\u662f\u7d66\u6295\u8cc7\u65b0\u624b\u7684\u5efa\u8b70\uff0c\u5982\u679c\u4f60\u662f\u9ad8\u624b\u53ef\u4ee5\u7121\u8996\u9019\u4e9b\u3002<\/p>\n<p><strong>\u4e00\u5b9a\u4e0d\u8981\u78b0\u7684\u4f4e\u6d41\u52d5\u6027\u5546\u54c1\uff1a\u51b7\u9580\u80a1\u3001\u516c\u53f8\u50b5\u3001\u73e0\u5bf6\u7389\u77f3\u9aa8\u8463<\/strong><\/p>\n<p>\u6295\u8cc7\u524d\u8981\u5148\u4e86\u89e3\u54ea\u4e9b\u662f\u6d41\u52d5\u6027\u9ad8\u3001\u6d41\u52d5\u6027\u5dee\u7684\u6a19\u7684\uff0c<br \/>\n\u6700\u7c21\u55ae\u5224\u5225\u7684\u65b9\u6cd5\u5c31\u662f\uff1a\u6700\u71b1\u9580\u7684\u6771\u897f\u3001\u5927\u5bb6\u90fd\u5728\u8cb7\u7684\u6771\u897f\uff0c\u6d41\u52d5\u6027\u4e00\u5b9a\u5f88\u9ad8(\u4f8b\u5982\u53f0\u7a4d\u96fb)\uff1b<\/p>\n<p>\u4f46\u82e5\u662f\u6c92\u4ec0\u9ebc\u77e5\u540d\u5ea6\u3001\u51b7\u9580\u7684\u6771\u897f\uff0c\u6d41\u52d5\u6027\u5c31\u6bd4\u8f03\u5dee\uff0c<br \/>\n\u4f8b\u5982\uff1a\u5c0f\u516c\u53f8\u3001\u672a\u4e0a\u5e02\u80a1\u7968\uff0c\u82e5\u4f60\u8cb7\u9019\u4e9b\u80a1\u7968\u53ef\u80fd\u5c31\u6703\u8ce3\u4e0d\u6389\u3002<\/p>\n<p>\u80a1\u7968\u985e\uff1a\u5927\u578b\u80a1\u7968\u3001ETF\u5c31\u662f\u6d41\u52d5\u6027\u5f88\u597d\u5546\u54c1\uff0c\u4f46\u82e5\u662f\u5c0f\u578b\u80a1\u3001\u51b7\u9580\u80a1\u7684\u80a1\u7968\u6d41\u52d5\u6027\u5c31\u6703\u6bd4\u8f03\u5dee\uff1b<\/p>\n<p>\u50b5\u5238\u985e\uff1a\u7f8e\u570b\u516c\u50b5\u7684\u6d41\u52d5\u6027\u8f03\u4f73\uff0c\u4f46\u8981\u6ce8\u610f\u50b5\u5238\u7684\u6d41\u52d5\u6027\u53c8\u6bd4\u80a1\u7968\u5dee\u3002<\/p>\n<p>\u6295\u8cc7<strong>\u6d41\u52d5\u6027\u5dee\u7684\u5546\u54c1\uff0c\u6700\u76f4\u63a5\u6703\u5f71\u97ff\u5230\u6211\u5011\u7684\u6210\u672c<\/strong>\uff0c\u4f8b\u5982\uff1a<\/p>\n<p>\u4f4e\u6d41\u52d5\u6027\u7684\u8cc7\u7522\u4e2d\uff0c\u50cf\u662f<strong>\u6536\u85cf\u54c1\u6216\u53e4\u8463(\u4f8b\u5982\u7389\u77f3\u3001\u73e0\u5bf6\u7b49)\uff0c\u662f\u7d55\u5c0d\u4e0d\u5efa\u8b70\u65b0\u624b\u53bb\u78b0\u7684<\/strong>\uff0c<br \/>\n\u56e0\u70ba\u9019\u4e9b\u6771\u897f\u7684\u6d41\u52d5\u6027\u975e\u5e38\u5dee\uff0c\u53ef\u80fd\u8cb7\u4e86\u4e4b\u5f8c\u4f60\u5c31\u5148\u8ce0\u4e86\u4e0d\u5c11\u9322\uff0c\u5fc5\u9808\u627e\u5230\u8cb7\u5bb6\u624d\u80fd\u8cfa\u56de\u4f86\u3002<\/p>\n<p>\u5efa\u8b70\u65b0\u624b\u6295\u8cc7\u6642\uff0c\u907f\u514d\u5927\u984d\u6295\u8cc7\u65bc\u9019\u4e9b\u51b7\u9580\u7684\u8cc7\u7522\u6216\u51b7\u9580\u7684\u5e02\u5834\uff0c\u771f\u7684\u60f3\u78b0\u7684\u8a71\u6700\u591a\u4e5f\u53ea\u6295\u5165\u4e00\u5c0f\u90e8\u5206\u8cc7\u91d1\uff0c<br \/>\n\u53ef\u4ee5\u505a\u597d<a href=/index.html"https:\/\/\/core-4-asset-alloctions-0\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u8cc7\u7522\u914d\u7f6e<\/a>\u4f86\u5206\u6563\u6d41\u52d5\u6027\u98a8\u96aa\uff0c\u4ee5\u964d\u4f4e\u6295\u8cc7\u98a8\u96aa\u3002<\/p>\n<h3>\u4ee5\u4e0b\u662f\u4e00\u4e9b\u5e38\u898b\u6295\u8cc7\u5546\u54c1\uff0c\u5e02\u5834\u5148\u751f\u7d93\u9a57\u503c\u5c0d\u65bc\u6d41\u52d5\u6027\u7684\u5efa\u8b70\uff1a<\/h3>\n<p><strong>\u80a1\u7968\uff1a\u6301\u6709\u90e8\u4f4d\u4e0d\u8981\u8d85\u904e\u5e73\u5747\u65e5\u6210\u4ea4\u91cf\u76841%<\/strong><\/p>\n<p>\u5c0d\u4e00\u822c\u6295\u8cc7\u4eba\u4f86\u8aaa\uff0c\u6240\u6301\u6709\u7684\u90e8\u4f4d\u5efa\u8b70\u4e0d\u8981\u8d85\u904e\u5e73\u5747\u65e5\u6210\u4ea4\u91cf\u76841%\uff0c\u56e0\u70ba\u9019\u4ee3\u8868\u5373\u4fbf\u5e02\u5834\u6d41\u52d5\u6027\u7a81\u7136\u780d\u534a\u53c8\u780d\u534a\uff0c\u4f60\u4e5f\u80fd\u9806\u5229\u5c07\u624b\u4e2d\u7684\u6a19\u7684\u51fa\u812b\u3002<\/p>\n<p>\u7d55\u5927\u591a\u6578\u91d1\u878d\u5546\u54c1\uff0c\u90fd\u6709\u63d0\u4f9b\u6bcf\u65e5\u7684\u6210\u4ea4\u91d1\u984d\u3002\u4f8b\u5982\u67d0\u9805\u5546\u54c1\uff0c\u904e\u53bb\u4e00\u5b63\u5e73\u5747\u6210\u4ea4\u91cf\uff0c\u6bcf\u5929\u662f1\u5104\uff0c\u90a3\u4f60\u6301\u6709100\u842c\u5143\u5c31\u9084\u7b97\u5b89\u5168\u3002\u7576\u7136\u66f4\u9ad8\u4e5f\u53ef\u4ee5\uff0c\u4f46\u9ad8\u5230\u4e00\u5b9a\u7a0b\u5ea6\u6642\uff0c\u77ed\u671f\u60f3\u8ce3\u6389\u5f88\u53ef\u80fd\u5c31\u6703\u5f71\u97ff\u5e02\u5834\uff0c\u5c0e\u81f4\u4f60\u5fc5\u9808\u8ce3\u5728\u6bd4\u8f03\u5dee\u7684\u50f9\u4f4d\u624d\u80fd\u6210\u4ea4\u3002<\/p>\n<p>\u4e0d\u53ea\u662f\u4e00\u822c\u4eba\uff0c\u5373\u4f7f\u662f\u6a5f\u69cb\u6295\u8cc7\u8005\u4e5f\u540c\u6a23\u6709\u9019\u500b\u9650\u5236\u3002\u8a31\u591a\u6a5f\u69cb\u6295\u8cc7\u8005\u751a\u81f3\u6703\u6709\u5167\u90e8\u898f\u5247\uff0c\u76f4\u63a5\u522a\u6389\u4ea4\u6613\u91cf\u592a\u4f4e\u7684\u6a19\u7684\uff0c\u5b8c\u5168\u4e0d\u78b0\u3002<\/p>\n<p>\u4e0d\u904e\u6a5f\u69cb\u6295\u8cc7\u4eba\u7531\u65bc\u66f4\u5bb9\u6613\u6293\u4f4f\u4e00\u4e9b\u6a5f\u6703\uff0c\u8cc7\u91d1\u90e8\u4f4d\u5927\u3001\u6295\u8cc7\u66f4\u5206\u6563\uff0c\u56e0\u6b64\u5192\u96aa\u9032\u5165\u4e00\u4e9b\u6d41\u52d5\u6027\u8f03\u5dee\u7684\u6a19\u7684\u6642\uff0c\u98a8\u96aa\u5176\u5be6\u76f8\u5c0d\u8f03\u80fd\u5f97\u5230\u63a7\u5236\u3002<\/p>\n<p><strong>\u50b5\u5238\uff1a\u9664\u4e86\u7f8e\u570b\u516c\u50b5\u4ee5\u5916\u907f\u514d\u55ae\u8cb7\u50b5\u5238\u3001\u5c24\u5176\u907f\u514d\u55ae\u8cb7\u9ad8\u6536\u76ca\u50b5<\/strong><\/p>\n<p>\u50b5\u5238\u7684\u5e02\u5834\u898f\u6a21\u5f88\u5927\uff0c\u4f46\u516c\u53f8\u50b5\u7684\u985e\u578b\u5f88\u591a\u3001\u55ae\u50f9\u9ad8\u3001\u4ea4\u6613\u6210\u672c\u9ad8\u6602\uff0c\u8003\u616e\u5230\u5206\u6563\u98a8\u96aa\uff0c\u4e00\u822c\u4e5f\u4e0d\u5efa\u8b70\u55ae\u8cb7\u50b5\u5238\uff0c\u800c\u662f\u900f\u904eETF\u6216\u5171\u540c\u57fa\u91d1\u53bb\u6301\u6709\u50b5\u5238\uff0c\u76f8\u5c0d\u6703\u6bd4\u8f03\u5408\u7406\u3002<\/p>\n<p><a href=/index.html"https:\/\/\/high-yield-bond-wrong-1\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u9ad8\u6536\u76ca\u50b5<\/a>\u56e0\u70ba<a href=/index.html"https:\/\/\/bond-default-rate-count\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u9055\u7d04\u98a8\u96aa<\/a>\u9ad8\uff0c\u5371\u96aa\u7684\u6771\u897f\u4eba\u5011\u4e0d\u60f3\u78b0\uff0c\u6d41\u52d5\u6027\u81ea\u7136\u5c31\u6703\u5dee\uff0c\u4ea4\u6613\u6642\u5c31\u8981\u4ed8\u51fa\u984d\u5916\u4ee3\u50f9\u3002<\/p>\n<p><strong>ETF\u3001\u5171\u540c\u57fa\u91d1\uff1a\u6210\u5206\u80a1\u5982\u679c\u6d41\u52d5\u6027\u4f4e\u8981\u5c0f\u5fc3<\/strong><\/p>\n<p>ETF\u548c\u5171\u540c\u57fa\u91d1\u90fd\u5c6c\u65bc\u57fa\u91d1\uff0c\u91cd\u9ede\u4e0d\u662f\u4ed6\u5011\u7684\u6210\u4ea4\u91cf\u6216\u7533\u8cfc\u8d16\u56de\u91d1\u984d\uff0c\u800c\u662f\u5b83\u5011\u80cc\u5f8c\u6301\u6709\u7684\u6295\u8cc7\u7d44\u5408\u8207\u6210\u5206\u80a1\uff0c\u672c\u8eab\u662f\u5426\u6709\u6d41\u52d5\u6027\u3002<\/p>\n<p>\u6210\u5206\u80a1\u6d41\u52d5\u6027\u8f03\u5dee\u7684ETF\u548c\u5171\u540c\u57fa\u91d1\uff0c\u4ea4\u6613\u6210\u672c\u6703\u63d0\u9ad8\uff0c<\/p>\n<p>\u4f8b\u5982\u6703\u5f71\u97ff\u5230ETF\u7684<a href=/index.html"https:\/\/\/what-etf-tracking-error\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u8ffd\u8e64\u8aa4\u5dee<\/a>\uff0c\u660e\u660e\u8ffd\u8e64\u4e00\u6a23\u7684\u6307\u6578\uff0c\u4f46\u6d41\u52d5\u6027\u8f03\u5dee\u7684ETF\u8cbb\u7528\u7387\u5c31\u6703\u6bd4\u8f03\u9ad8\u3002\u4e5f\u6703\u5f71\u97ff\u57fa\u91d1\u4ed8\u51fa\u7684\u4ea4\u6613\u6210\u672c\uff0c\u6700\u7d42\u53cd\u6620\u5728\u7e3e\u6548\u4e0a\uff0c\u4f46\u6211\u5011\u4e0d\u4e00\u5b9a\u80fd\u5f9e\u7e3e\u6548\u8d70\u52e2\u4e2d\u770b\u7684\u51fa\u4f86\u3002<\/p>\n<p><strong>\u671f\u8ca8\u3001\u9078\u64c7\u6b0a\u3001\u884d\u751f\u6027\u5546\u54c1\uff1a\u4e0b\u55ae\u6642\u4e00\u6b21\u4e0d\u8981\u4e0b\u592a\u5927\u55ae\u3001\u907f\u514d\u4e0b\u5e02\u50f9\u55ae<\/strong><\/p>\n<p>\u671f\u8ca8\u3001\u9078\u64c7\u6b0a\u9019\u985e\u884d\u751f\u6027\u5546\u54c1\uff0c\u5927\u591a\u6d41\u52d5\u6027\u90fd\u9084\u4e0d\u932f\uff0c\u5176\u5be6\u554f\u984c\u4e0d\u5927\uff0c<br 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id=\"collapse198680\" data-parent=\"#sp-ea-19868\">\n\t\t<div class=\"ea-body animated fadeIn\"> \n\t<p>\u6d41\u52d5\u6027(Liquidity)\u662f\u6307\u4e00\u7a2e\u8cc7\u7522\uff0c\u662f\u5426\u80fd\u4ee5\u7a69\u5b9a\u7684\u50f9\u683c\u8fc5\u901f\u8cb7\u9032\u548c\u8ce3\u51fa\uff0c\u7528\u4f86\u8861\u91cf\u6709\u591a\u5c11\u8cb7\u5bb6\u3001\u8ce3\u5bb6\u3001\u4ea4\u6613\u662f\u5426\u5bb9\u6613\u9032\u884c\u7684\u6307\u6a19\u3002<\/p>\n<\/div>\n\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"ea-card ea-expand sp-ea-single\" >\n\n\t\t<h3 class=\"ea-header\">\n\t\t\t<a class=\"collapsed\" data-sptoggle=\"spcollapse\" rel=\"nofollow noopener noreferrer\" data-sptarget=\"#collapse198681\" href=/index.html"javascript:void(0)\" data-title=\"efaq-%e6%b5%81%e5%8b%95%e6%80%a7%e9%a2%a8%e9%9a%aa%e6%98%af%e4%bb%80%e9%ba%bc%ef%bc%9f\" aria-expanded=\"true\" data-wpel-link=\"internal\" target=\"_blank\">\n\t\t\t\t<i class=\"ea-expand-icon fa fa-minus\"><\/i>  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\"Answer\",\n\t\t\t\t\"text\": \"\u6d41\u52d5\u6027\u9ad8\uff0c\u4e00\u822c\u8a8d\u70ba\u6295\u8cc7\u7684\u98a8\u96aa\u8f03\u4f4e\uff1b\u6d41\u52d5\u6027\u4f4e\uff0c\u4e00\u822c\u8a8d\u70ba\u6295\u8cc7\u7684\u98a8\u96aa\u6703\u8f03\u9ad8\u3002\"\n\t\t\t}\n\t\t}]\n\t}\n\t<\/script><\/div>\n<blockquote><p><strong><span style=\"font-size: 16px;\">\u5e02\u5834\u5148\u751f\u9084\u662f\u63d0\u9192\uff1a\u6d41\u52d5\u6027\u9ad8\u4f4e\uff0c\u4e26\u975e\u4ee3\u8868\u8cc7\u7522\u6216\u5e02\u5834\u7684\u597d\u58de\u3002<\/span><\/strong><\/p><\/blockquote>\n<p><span style=\"font-size: 16px;\">\u8f03\u9ad8\u6d41\u52d5\u6027\u7684\u8cc7\u7522(\u4f8b\u5982\u73fe\u91d1)\uff0c\u96d6\u7136\u98a8\u96aa\u8f03\u4f4e\u4f46\u6295\u8cc7\u7372\u5f97\u7684\u5831\u916c\u7387\u53ef\u80fd\u4e5f\u8f03\u4f4e\uff1b<\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u800c\u8f03\u4f4e\u6d41\u52d5\u6027\u7684\u8cc7\u7522(\u4f8b\u5982\u623f\u5730\u7522)\uff0c\u96d6\u7136\u98a8\u96aa\u8f03\u9ad8\uff0c\u4f46\u8ce3\u51fa\u5f8c\u4e5f\u8a31\u6709\u53ef\u80fd\u7372\u5f97\u8f03\u9ad8\u7684\u5831\u916c(\u6d41\u52d5\u6027\u5dee\u7684\u5546\u54c1\u53ef\u80fd\u6709\u6a5f\u6703\u6709\u5229\u53ef\u5716\uff0c\u7576\u7136\u9019\u4e26\u975e\u7d55\u5c0d\uff0c\u53ea\u662f\u6709\u6a5f\u6703)\u3002<\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u800c\u5728\u4f4e\u6d41\u52d5\u6027\u7684\u8cc7\u7522\u4e2d\uff0c\u50cf\u662f\u6536\u85cf\u54c1\u6216\u53e4\u8463(\u4f8b\u5982\u7389\u77f3\u3001\u73e0\u5bf6\u7b49)\uff0c\u662f\u7d55\u5c0d\u4e0d\u5efa\u8b70\u65b0\u624b\u53bb\u78b0\u7684\uff0c\u56e0\u70ba\u9019\u4e9b\u6771\u897f\u7684\u6d41\u52d5\u6027\u975e\u5e38\u5dee\uff0c\u53ef\u80fd\u8cb7\u4e86\u4e4b\u5f8c\u4f60\u5c31\u5148\u8ce0\u4e86\u4e0d\u5c11\u9322\uff0c\u5fc5\u9808\u627e\u5230\u8cb7\u5bb6\u624d\u80fd\u8cfa\u56de\u4f86\u3002<\/span><\/p>\n<p><span lang=\"EN-US\"><\/span><\/p>\n<p>\u66f4\u591a\u6295\u8cc7\u5165\u9580\u5ef6\u4f38\u95b1\u8b80\uff1a<\/p>\n<p><span lang=\"EN-US\">1.\u00a0<a href=/index.html"https:\/\/\/blog-page\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u8d85\u904e100\u7bc7\u65b0\u624b\u5165\u9580\u6587\u7ae0\u5206\u4eab<\/a><\/span><\/p>\n<p><span lang=\"EN-US\">2.\u00a0<a href=/index.html"https:\/\/\/blog-page_30\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u63a8\u85a6\u8d85\u904e40\u672c\u6295\u8cc7\u597d\u66f8<\/a><\/span><\/p>\n<p><span lang=\"EN-US\">3.\u00a0<a href=/index.html"https:\/\/\/us-stocks-broker-choose\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u7f8e\u80a1\u958b\u6236\u300b\u63a8\u85a6\u5238\u5546\u6bd4\u8f03<\/a><\/span><\/p>\n<p><span lang=\"EN-US\">4.\u00a0<a href=/index.html"https:\/\/\/jisun-account-588\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u80a1\u7968\u958b\u6236\u300b\u63a8\u85a6\u7684\u958b\u6236\u5238\u5546<\/a><\/span><\/p>\n<p><span lang=\"EN-US\">5.\u00a0<a href=/index.html"https:\/\/\/fund-cnyes-mrmarket\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u57fa\u91d1\u958b\u6236\u300b\u96f6\u624b\u7e8c\u8cbb\u958b\u6236\u512a\u60e0<\/a><\/span><\/p>\n<p><span lang=\"EN-US\"><p><strong><span style=\"font-size: 20px;\">\u52a0\u5165\u5e02\u5834\u5148\u751fFB\u793e\u5718\uff0c\u5145\u5be6\u66f4\u591a\u7406\u8ca1\u597d\u77e5\u8b58<\/span><\/strong><\/p>\r\n<p>50\u6b72\u4e4b\u524d\u60f3\u9000\u4f11\u4e00\u5b9a\u8981\u61c2\u7406\u8ca1\uff0c<br \/>\u89e3\u6c7a\u6295\u8cc7\u7684\u7169\u60f1\uff01<\/p>\r\n<p><a href=/index.html"https:\/\/bit.ly\/2NTBOAv\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"external\"><img decoding=\"async\" class=\"alignnone size-full wp-image-7106\" src=/index.html"https:\/\/\/wp-content\/uploads\/20190824195036_69.gif\" alt=\"\" width=\"687\" height=\"243\" \/><\/a><\/p>\r\n<p>\u6700\u8fd1\u5e02\u5834\u5148\u751f\u958b\u4e86\u4e00\u5802\u7684\u300c<strong>\u7528\u7f8e\u80a1ETF\u5275\u9020\u7a69\u5b9a\u73fe\u91d1\u6d41<\/strong>\u300d\u6559\u5b78\u8ab2\u7a0b\uff0c<br \/>\u9019\u5802\u8ab2\u7a0b\u6703\u5f9e\u57fa\u790e\u5165\u9580\u3001\u8cc7\u6599\u67e5\u8a62\u5230\u5be6\u969b\u64cd\u4f5c\uff0c<br \/>\u6559\u4f60\u5b78\u6703\u5efa\u7acb\u4e00\u500b\u7a69\u5b9a\u7684\u5168\u7403ETF\u6295\u8cc7\u7d44\u5408\uff0c\u76ee\u524d\u7d2f\u7a4d\u5df2\u7d93\u6709\u5c07\u8fd11100\u4f4d\u540c\u5b78\u4e0a\u8ab2\u3002<\/p>\r\n<p>\u7dda\u4e0a\u8ab2\u7a0b\u300b<a href=/index.html"http:\/\/bit.ly\/2FV3hPc\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"external\">\u7f8e\u80a1ETF\u5275\u9020\u7a69\u5b9a\u73fe\u91d1\u6d41\u7dda\u4e0a\u8ab2\u7a0b\u9023\u7d50<\/a><\/p><\/span><\/p>\n<p><span lang=\"EN-US\">\u7de8\u8f2f\uff1aJoy \u4e3b\u7de8\uff1a\u5e02\u5834\u5148\u751f<\/span><\/p>\n<p><span lang=\"EN-US\"><p><br \/><strong><span style=\"color: #ff0000;\">\u5982\u679c\u89ba\u5f97\u9019\u7bc7\u6587\u7ae0\u6709\u5e6b\u52a9\uff0c<\/span><\/strong><br \/><strong><span style=\"color: #ff0000;\">\u5e6b\u6211\u6309\u500b\u8b9a\uff0c\u5206\u4eab\u7d66\u66f4\u591a\u4eba\u770b\u5230\uff0c\u8b1d\u8b1d\uff01<\/span><\/strong><\/p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6295\u8cc7\u672c\u8eab\u5c31\u662f\u4ef6\u5177\u6709\u98a8\u96aa\u7684\u4e8b\uff0c\u5728\u4f60\u6c7a\u5b9a\u5c07\u8cc7\u91d1\u6295\u5165\u5230\u54ea\u88e1\u6642\uff0c \u5c31\u5fc5\u9808\u5148\u6ce8\u610f\u4e00\u4e9b\u7279\u5b9a\u985e\u578b\u7684\u91d1\u878d\u98a8\u96aa\uff0c\u800c\u6d41\u52d5\u6027\u98a8\u96aa(L [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19687,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[155],"tags":[1260,1261],"table_tags":[],"modified_by":"Leon","jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/\/wp-content\/uploads\/20210306233554_89.jpg","jetpack-related-posts":[{"id":370,"url":"https:\/\/\/vs_60\/","url_meta":{"origin":19686,"position":0},"title":"\u540d\u8a5e\u4ecb\u7d39\uff1a\u9650\u50f9\u55ae VS \u5e02\u50f9\u55ae","author":"Mr.Market\u5e02\u5834\u5148\u751f","date":"2014-10-05","format":false,"excerpt":"\u9650\u50f9\u55ae : \u4f7f\u7528\u6307\u5b9a\u7684\u50f9\u683c\u9032\u51fa \u5e02\u50f9\u55ae : \u4e0d\u6307\u5b9a\u50f9\u683c\uff0c\u6839\u64da\u7576\u6642\u5e02\u5834\u5831\u50f9\u9032\u51fa 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2x"},"classes":[]},{"id":20286,"url":"https:\/\/\/what-is-market-maker\/","url_meta":{"origin":19686,"position":1},"title":"\u4ec0\u9ebc\u662f\u9020\u5e02\u5546(\u9020\u5e02\u8005)\uff1f\u70ba\u4ec0\u9ebc\u9700\u8981\u9020\u5e02\uff1f\u505a\u5e02\u5546\u5982\u4f55\u76c8\u5229\uff1f","author":"Mr.Market\u5e02\u5834\u5148\u751f","date":"2021-04-03","format":false,"excerpt":"\u9020\u5e02\u8005\u3001\u6216\u7a31\u70ba\u9020\u5e02\u5546\u3001\u505a\u5e02\u5546(\u82f1\u6587\uff1aMarket maker)\uff0c\u662f\u6307\u5728\u5e02\u5834\u4e2d\u63d0\u4f9b\u6d41\u52d5\u6027\u7684\u4eba\uff0c 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