{"id":69234,"date":"2020-11-04T03:46:23","date_gmt":"2020-11-04T03:46:23","guid":{"rendered":"https:\/\/www.zfx.com\/academy\/%e7%be%8e%e9%87%91-%e5%8c%af%e7%8e%87-%e8%b5%b0%e5%8b%a2-%e9%a0%90%e6%b8%ac\/"},"modified":"2022-04-21T14:44:13","modified_gmt":"2022-04-21T14:44:13","slug":"zfx2020121698521","status":"publish","type":"academy","link":"https:\/\/www.zfx.com\/zh-hans\/academy\/zfx2020121698521\/","title":{"rendered":"\u7f8e\u91d1\u6c47\u7387\u8d70\u52bf\u9884\u6d4b 2021: \u5f71\u54cd\u7f8e\u6c47\u8d70\u52bf\u7684\u4e09\u5927\u56e0\u7d20"},"content":{"rendered":"<p>\u7f8e\u5143\u662f\u4e16\u754c\u4e0a\u4ea4\u6613\u91cf\u6700\u5e9e\u5927\u3001\u56fd\u9645\u8ba4\u53d7\u6027\u6700\u9ad8\u7684\u8d27\u5e01\u3002\u81ea1944\u5e74<strong><u><a href=\"https:\/\/baike.baidu.com\/item\/%E5%B8%83%E9%9B%B7%E9%A1%BF%E6%A3%AE%E6%9E%97%E4%BD%93%E7%B3%BB\/1952162?fr=aladdin\">\u5e03\u96f7\u987f\u68ee\u6797\u4f53\u7cfb<\/a><\/u><\/strong>\u5efa\u7acb\u540e\uff0c\u7f8e\u5143\u9010\u6b65\u7ad9\u4e0a\u4e86\u56fd\u9645\u8d27\u5e01\u4f53\u7cfb\u9738\u4e3b\u7684\u5730\u4f4d\uff0c\u5168\u7403\u8d27\u5e01\u4ea4\u6613\u8fd190%\u90fd\u4e0e\u7f8e\u5143\u76f8\u5173\uff0c\u8fd9\u4e5f\u4ee4\u7f8e\u5143\u6210\u4e3a\u4e86\u4e16\u754c\u5404\u56fd\u6700\u4e3b\u8981\u7684\u50a8\u5907\u8d27\u5e01\u3002\u4ea4\u6613\u5458\u5728\u8d2d\u4e70\u98ce\u9669\u8d44\u4ea7\u6216\u662f\u4ea4\u6613\u5916\u6c47\u5408\u7ea6\u65f6\uff0c\u7f8e\u5143\u4e5f\u662f\u6700\u5e38\u88ab\u7528\u4f5c\u7ed3\u7b97\u7684\u8d27\u5e01\u3002\u5373\u4fbf\u5e02\u573a\u907f\u9669\u60c5\u7eea\u9ad8\u6da8\uff0c\u4ea4\u6613\u5458\u4e5f\u4f1a\u8f6c\u5411\u8d2d\u4e70\u7f8e\u56fd\u56fd\u503a\uff0c\u4ece\u800c\u589e\u52a0\u5bf9\u7f8e\u5143\u7684\u9700\u6c42\u3002<\/p>\n<p>\u672c\u6587\u5c06\u4ece\u7f8e\u5143\u7684\u8fc7\u53bb\u8868\u73b0\u53ca\u5f71\u54cd\u7f8e\u91d1\u6c47\u7387\u7684\u56e0\u7d20\uff0c\u9884\u6d4b2021\u5e74\u7684\u7f8e\u5143\u8d70\u52bf\u3002<\/p>\n<p><!--more--><\/p>\n<h3><span style=\"color: #0055a5;\"><strong>\u7f8e\u5143\u8fc7\u53bb\u8d70\u52bf\u56de\u987e<\/strong><\/span><\/h3>\n<p>\u7f8e\u5143\u8fc7\u53bb\u7684\u8d70\u52bf\u81ea1973\u5e74\u5e03\u96f7\u987f\u68ee\u6797\u4f53\u7cfb\u74e6\u89e3\u540e\uff0c\u53ef\u4ee5\u5206\u5272\u4e3a\u4e09\u8f6e\u5927\u5468\u671f\u6765\u770b\u5f85\uff0c\u76ee\u524d\u6b63\u5904\u4e8e\u7b2c\u4e09\u4e2a\u5927\u5468\u671f\u4e2d\u3002<\/p>\n<h5><strong>1. \u7b2c\u4e00\u5468\u671f(1979\u5e74\u81f31987\u5e74)<\/strong><\/h5>\n<p><span lang=\"EN-US\">1979<\/span>\u5e74\u7f8e\u56fd\u56e0\u77f3\u6cb9\u5371\u673a\u9020\u6210\u505c\u6ede\u6027\u901a\u8d27\u81a8\u80c0\uff0c\u7f8e\u8054\u50a8\u4e0e\u767d\u5bab\u8fde\u624b\u91c7\u53d6\u4e86\u300c\u62c9\u7d27\u8d27\u5e01\u653f\u7b56<span lang=\"EN-US\"> + <\/span>\u5bbd\u677e\u8d22\u653f\u653f\u7b56\u300d\u6551\u5e02\uff0c\u540c\u65f6\u63a7\u5236\u8d27\u5e01\u4f9b\u7ed9\u91cf\u5c06\u5229\u7387<span lang=\"EN-US\"> (Effective Federal Funds Rate, EFFR) <\/span>\u63a8\u81f3<span lang=\"EN-US\">1981<\/span>\u5e74\u7684\u5386\u53f2\u9ad8\u70b9<span lang=\"EN-US\">22.36%<\/span>\u3002<span lang=\"EN-US\">1979<\/span>\u5e74\u81f3<span lang=\"EN-US\">1985<\/span>\u5e74\u95f4\uff0c\u7f8e\u5143\u53c8\u56e0\u8fc7\u4e8e\u5f3a\u52bf\uff0c\u4f7f\u5f97\u8d38\u6613\u8d64\u5b57\u5927\u5e45\u589e\u957f\uff0c\u5c24\u5176\u662f\u4ef0\u8d56\u51fa\u53e3\u7684\u5236\u9020\u4e1a\u53d7\u5230\u6c89\u91cd\u6253\u51fb\uff0c\u5bfc\u81f4\u7f8e\u56fd\u4e0e\u5176\u4ed6\u56fd\u5bb6\u4e8e<span lang=\"EN-US\">1985<\/span>\u5e74\u7b7e\u8ba2\u5e7f\u573a\u534f\u8bae\uff0c\u624d\u89e3\u51b3\u4e86\u8d38\u6613\u9006\u5dee\u7684\u95ee\u9898\u3002\u4f46\u7f8e\u5143\u4e5f\u5f00\u59cb\u4e86\u8d2c\u503c\u4e4b\u8def\uff0c\u76f4\u81f3<span lang=\"EN-US\">1987<\/span>\u5e74<span lang=\"EN-US\">12<\/span>\u6708\u624d\u6709\u6240\u4f01\u7a33\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-69236\" src=\"https:\/\/www.zfx.com\/wp-content\/uploads\/2020\/11\/11.jpg\" alt=\"\" width=\"1270\" height=\"964\" srcset=\"https:\/\/www.zfx.com\/wp-content\/uploads\/2020\/11\/11-300x228.jpg 300w, https:\/\/www.zfx.com\/wp-content\/uploads\/2020\/11\/11-1024x777.jpg 1024w, https:\/\/www.zfx.com\/wp-content\/uploads\/2020\/11\/11-768x583.jpg 768w, https:\/\/www.zfx.com\/wp-content\/uploads\/2020\/11\/11.jpg 1270w\" sizes=\"auto, (max-width: 1270px) 100vw, 1270px\" \/><\/p>\n<p><em>\u56fe\u4e00\uff1a\u4ec0\u4e48\u662f\u91cf\u5316\u5bbd\u677e<\/em><\/p>\n<h5><strong>2. \u7b2c\u4e8c\u5468\u671f (1995\u5e74\u81f32008\u5e74)<\/strong><\/h5>\n<p>1993\u5e74\u81f32000\u5e74\u7f8e\u56fdGDP\u589e\u957f\u7387\u5e74\u5747\u8fbe\u5230\u4e863.5%-4%\u7684\u6c34\u5e73\u3001\u901a\u80c0\u7387\u964d\u81f32%\u5de6\u53f3\u3001\u5931\u4e1a\u7387\u4e5f\u4ece1992\u5e74\u76847.4%\u4e0b\u964d\u81f32000\u5e745\u6708\u76844.1%\uff0c\u7531\u6b64\u6570\u636e\u53ef\u4ee5\u5f97\u77e5\uff0c\u7f8e\u5143\u8fd9\u6bb5\u65f6\u95f4\u7684\u8d70\u5f3a\uff0c\u662f\u5efa\u7acb\u5728\u5176\u57fa\u672c\u9762\u7684\u5f3a\u5927\u4e4b\u4e0a\u3002<\/p>\n<p>\u4e0d\u8fc7\u5176\u540e\u57282001\u5e74\u4e92\u8054\u7f51\u6ce1\u6cab\u7206\u7834\u4e0e911\u6050\u6016\u653b\u51fb\u540e\uff0c\u5e02\u573a\u5bf9\u4e8e\u7f8e\u56fd\u7684\u7ecf\u6d4e\u524d\u666f\u6e10\u8f6c\u5ba1\u614e\uff0c\u7ecf\u6d4e\u589e\u901f\u5f00\u59cb\u653e\u7f13\uff0c\u8fed\u52a0\u7f8e\u8054\u50a8\u57282000\u5e74\u81f32003\u5e74\u91c7\u53d6\u5bbd\u677e\u8d27\u5e01\u653f\u7b56\uff0c\u4ee4\u7f8e\u5143\u518d\u6b21\u6b65\u4e0a\u4e86\u8d2c\u503c\u4e4b\u8def\u3002\u5c3d\u7ba12004\u5e74\u8d77\u7f8e\u8054\u50a8\u5f00\u59cb\u4e86\u65b0\u4e00\u8f6e\u7684\u52a0\u606f\u52a8\u4f5c\uff0c\u4f46\u672a\u80fd\u963b\u6b62\u7f8e\u5143\u8dcc\u52bf\u3002<\/p>\n<p>\u60c5\u51b5\u5230\u4e862007\u5e74\u66f4\u5cf0\u56de\u8def\u8f6c\uff0c\u5229\u7387\u4e0a\u6da8\u662f\u6b21\u8d37\u5371\u673a\u7684\u5bfc\u706b\u7ebf\uff0c\u95f4\u63a5\u5f15\u7206\u4e862008\u5e74\u5168\u7403\u91d1\u878d\u5371\u673a\uff0c\u800c\u7f8e\u5143\u4e00\u4e0b\u5b50\u53c8\u5145\u5f53\u8d44\u91d1\u907f\u96be\u6240\u800c\u5347\u503c\u3002\u7f8e\u8054\u50a8\u9042\u4e8e2009\u5e74\u65f6\u5ba3\u5e03\u5b9e\u65bd\u300c\u91cf\u5316\u5bbd\u677e\u300d\u7684\u8d27\u5e01\u653f\u7b56\uff0c\u52a0\u5927\u8d27\u5e01\u4f9b\u5e94\u57fa\u7840\uff0c\u538b\u4f4e\u4e86\u7f8e\u5143\u8d70\u52bf\u3002<\/p>\n<h5><strong>3. \u7b2c\u4e09\u5468\u671f (2014\u5e74\u81f3\u4eca)<\/strong><\/h5>\n<p>\u57282009-2014\u5e74\u7f8e\u56fd\u5171\u5b9e\u65bd\u4e86\u4e09\u6b21\u301d\u91cf\u5316\u5bbd\u677e\u301e\u653f\u7b56\uff0c\u4e8e2014\u5e74\u5f00\u59cb\u4e86\u9000\u573a\u673a\u5236\uff0c\u5f53\u65f6\u5168\u4e16\u754c\u5c1a\u672a\u4e8e2008\u5e74\u5168\u7403\u91d1\u878d\u5371\u673a\u7684\u98ce\u66b4\u4e2d\u51fa\u9003\uff0c\u7f8e\u56fd\u5df2\u56e0\u5176\u5f3a\u5927\u7684\u7ecf\u6d4e\u57fa\u7840\u7387\u5148\u8d70\u51fa\u4e86\u98ce\u66b4\uff0c\u4ee4\u7f8e\u5143\u91cd\u62fe\u5347\u52bf\u3002\u7f8e\u8054\u50a8\u4e8e2015\u5e74\u65f6\u5f00\u59cb\u4e86\u7f13\u6b65\u5347\u606f\u7684\u8d27\u5e01\u653f\u7b56\uff0c\u76f4\u81f3\u4eca\u5e74(2020)\u7b2c\u4e00\u5b63\u65f6\u56e0\u75ab\u60c5\u7206\u53d1\uff0c\u624d\u8feb\u4f7f\u7f8e\u8054\u50a8\u53c8\u518d\u5ea6\u542f\u52a8\u65b0\u4e00\u8f6e\u7684\u8d27\u5e01\u5bbd\u677e\u653f\u7b56\u3002<\/p>\n<h3><span style=\"color: #0055a5;\"><strong>\u8fd1\u671f\u5f71\u54cd\u7f8e\u91d1\u6c47\u7387\u8d70\u52bf\u7684\u56e0\u7d20<\/strong><\/span><\/h3>\n<p>\u4eca\u5e74\u7b2c\u4e00\u5b63\u4e8e\u65b0\u51a0\u75ab\u60c5\u7684\u7206\u53d1\u540e\uff0c\u7f8e\u8054\u50a8\u5f00\u59cb\u4e86\u53f2\u4e0a\u6700\u5927\u89c4\u6a21\u7684\u5370\u949e\uff0c\u5e02\u573a\u5bf9\u4e8e\u7f8e\u5143\u7684\u540e\u7eed\u8d70\u52bf\uff0c\u4e00\u76f4\u6709\u7740\u6d53\u539a\u7684\u5174\u8da3\uff0c\u672c\u7ae0\u8282\u5c06\u4ee5\u7f8e\u8054\u50a8\u8d27\u5e01\u653f\u7b56\u3001\u7f8e\u56fd\u7ecf\u6d4e\u57fa\u672c\u9762\u3001\u4e0e\u5e02\u573a\u907f\u9669\u60c5\u7eea\u6765\u5206\u6790\u8fd1\u671f\u7f8e\u5143\u7684\u8d70\u52bf\u3002<\/p>\n<h5><strong>1. \u7f8e\u8054\u50a8\u8d27\u5e01\u653f\u7b56<\/strong><\/h5>\n<p>\u81ea\u4eca\u5e74\u7b2c\u4e00\u5b63\u75ab\u60c5\u7206\u53d1\u4e0e\u6cb9\u4ef7\u5d29\u8dcc\u4e4b\u540e\uff0c\u5168\u7403\u7ecf\u6d4e\u90fd\u53d7\u5230\u5371\u5bb3\uff0c\u672a\u6765\u53d1\u5c55\u5145\u6ee1\u4e86\u9ad8\u5ea6\u4e0d\u786e\u5b9a\u6027\uff0c\u6b64\u65f6\u7f8e\u5143\u5c55\u73b0\u4e86\u6d53\u539a\u7684\u907f\u9669\u5c5e\u6027\uff0c\u4ee4\u5168\u7403\u8d27\u5e01\u5e02\u573a\u5bf9\u7f8e\u5143\u7684\u9700\u6c42\u91cf\u76f4\u7ebf\u4e0a\u5347\uff0c\u5176\u6d41\u52a8\u6027\u5927\u5e45\u6536\u7d27\uff0c\u7f8e\u8054\u50a8\u5f53\u65f6\u4e3a\u4e86\u7ed9\u4e88\u7f8e\u5143\u5145\u8db3\u7684\u6d41\u52a8\u6027\u652f\u6301\uff0c\u5f00\u542f\u4e86\u300c\u96f6\u5229\u7387+\u65e0\u9650\u91cfQE\u300d\u7684\u8d27\u5e01\u5bbd\u677e\u6a21\u5f0f\uff0c\u5e76\u9646\u7eed\u63a8\u51faPMCCF(\u4e00\u7ea7\u5e02\u573a\u4f01\u4e1a\u4fe1\u8d37\u652f\u6301\u5de5\u5177)\u3001SMCCF(\u4e8c\u7ea7\u5e02\u573a\u4f01\u4e1a\u4fe1\u8d37\u652f\u6301\u5de5\u5177)\u3001PPPLF(\u5de5\u8d44\u4fdd\u969c\u6d41\u52a8\u6027\u5de5\u5177)\u4e0e\u4e3b\u8857\u8d37\u6b3e\u8ba1\u5212\u7b49\u591a\u9879\u975e\u5e38\u89c4\u8d27\u5e01\u5de5\u5177\uff0c\u4ee4\u7f8e\u5143\u6d41\u52a8\u6027\u81f3\u4eca\u4e0d\u865e\u532e\u4e4f\uff0c\u4f46\u968f\u4e4b\u800c\u6765\u7684\u662f\u7f8e\u8054\u50a8\u8d44\u4ea7\u8d1f\u503a\u8868\u89c4\u6a21\u5927\u589e\uff0c\u800c\u4e14\u6839\u636e\u8fd1\u671f\u4f1a\u8bae\u7eaa\u8981\u4e2d\u53ef\u4ee5\u5f97\u77e5\uff0c\u5bf9\u672a\u6765\u8d27\u5e01\u653f\u7b56\u7684\u770b\u6cd5\u6301\u7eed\u504f\u9e3d\uff0c\u5e02\u573a\u4e5f\u9884\u671f\u7f8e\u8054\u50a8\u5c06\u6301\u7eed\u65e0\u9650\u5370\u949e\u7684\u52a8\u4f5c\uff0c\u538b\u5236\u7f8e\u5143\u8d70\u52bf\u3002<\/p>\n<h5><strong>2. \u7f8e\u56fd\u7ecf\u6d4e\u57fa\u672c\u9762<\/strong><\/h5>\n<p>\u7f8e\u56fd\u7ecf\u6d4e\u7684\u57fa\u672c\u9762\u4e5f\u662f\u5f71\u54cd\u7f8e\u5143\u6c47\u7387\u5f3a\u5f31\u7684\u91cd\u8981\u56e0\u7d20\uff0c\u4ece\u8fd1\u671f\u7f8e\u56fd\u57fa\u672c\u9762\u6570\u636e\u8868\u73b0\u6765\u770b\uff0c\u7f8e\u56fd\u786e\u5b9e\u5df2\u7ecf\u5b9e\u73b0\u4e86\u301d\u5de5\u4f5c\u4e0e\u75c5\u6bd2\u5171\u5b58\u301e\u7684\u76ee\u6807\uff0c\u5c3d\u7ba1\u66fe\u57286\u6708\u5e95\u65f6\u906d\u5230\u75ab\u60c5\u7684\u53cd\u6251\uff0c\u6240\u5e78\u5176\u7ecf\u6d4e\u589e\u901f\u672a\u9677\u5165\u505c\u6ede\uff0c\u518d\u4ece\u6570\u636e\u7ec6\u9879\u4e2d\u53ef\u5f97\u77e5\uff0c\u76ee\u524d\u7f8e\u56fd\u7ecf\u6d4e\u590d\u82cf\u662f\u7531\u5236\u9020\u4e1a\u9886\u519b\uff0c\u670d\u52a1\u4e1a\u5219\u56e0\u4eba\u7fa4\u63a5\u89e6\u7684\u5173\u7cfb\u7a0d\u5fae\u843d\u540e\uff0c\u4f46\u4e0e\u8fd1\u671f\u9677\u5165\u91cd\u707e\u533a\u7684\u6b27\u6d32\u76f8\u6bd4\uff0c\u7f8e\u56fd\u7ecf\u6d4e\u57fa\u672c\u9762\u76f8\u5bf9\u8f83\u4f73\uff0c\u8fd9\u4e5f\u5bf9\u7f8e\u5143\u7684\u5f3a\u52bf\u6709\u4e00\u5b9a\u7684\u652f\u6491\u4f5c\u7528\u3002<\/p>\n<h5><strong>3. 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loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-69245\" src=\"https:\/\/www.zfx.com\/wp-content\/uploads\/2020\/11\/12.jpg\" alt=\"\" width=\"792\" height=\"429\" srcset=\"https:\/\/www.zfx.com\/wp-content\/uploads\/2020\/11\/12-300x163.jpg 300w, https:\/\/www.zfx.com\/wp-content\/uploads\/2020\/11\/12-768x416.jpg 768w, https:\/\/www.zfx.com\/wp-content\/uploads\/2020\/11\/12.jpg 792w\" sizes=\"auto, (max-width: 792px) 100vw, 792px\" \/><br \/>\n<em>\u56fe\u4e8c\uff1a\u8fc7\u53bb\u4e00\u5e74\u7f8e\u5143\u6307\u6570\u4e0e\u9ec4\u91d1\u671f\u8d27\u8d70\u52bf<\/em><\/p>\n<h3><span style=\"color: #0055a5;\"><strong>\u7f8e\u91d1\u6c47\u7387\u8d70\u52bf\u9884\u6d4b2021<\/strong><\/span><\/h3>\n<p>2020\u5e74\u5168\u5e74\u53d7\u5230COVID-19\u5f71\u54cd\uff0c\u5168\u7403\u96f6\u552e\u9500\u552e\u72b6\u51b5\u4e0b\u6ed1\uff0c\u5236\u9020\u4e1a\u8ba2\u5355\u51cf\u5c11\uff0c\u5404\u5730\u670d\u52a1\u4e1a\u53d7\u5230\u9632\u75ab\u89c4\u5b9a\u5f71\u54cd\u800c\u6025\u901f\u8870\u9000\uff0c\u7ecf\u6d4e\u51fa\u73b0\u6709\u53f2\u4ee5\u6765\u6700\u4e25\u91cd\u7684\u8870\u9000\u3002<\/p>\n<p>\u4e3a\u4e86\u51cf\u7f13\u75ab\u60c5\u5bf9\u7ecf\u6d4e\u5e26\u6765\u7684\u51b2\u51fb\uff0c\u5404\u56fd\u76f8\u7ee7\u796d\u51fa\u4f18\u6e25\u7684\u8d22\u653f\u63aa\u65bd\uff0c\u800c\u592e\u884c\u5219\u7eb7\u7eb7\u964d\u606f\uff0c\u7f8e\u8054\u50a8\u66f4\u4e00\u9f13\u4f5c\u6c14\u5c06\u5229\u7387\u964d\u81f3\u6700\u4f4e\u533a\u95f4(0%-0.25%)\uff0c\u4ee5\u6c42\u5bbd\u677e\u653f\u7b56\u5965\u63f4\u80fd\u4e3a\u75b2\u8f6f\u7684\u7ecf\u6d4e\u5e26\u6765\u523a\u6fc0\u3002<\/p>\n<p>\u8fd9\u4e2a\u5168\u7403\u7684\u7ecf\u6d4e\u5371\u673a\u867d\u7136\u4e00\u5ea6\u4ee4\u7f8e\u5143\u53d7\u907f\u9669\u8d44\u91d1\u8ffd\u6367\uff0c\u4f46\u5404\u56fd\u653f\u5e9c\u53ca\u592e\u884c\u5728\u8d22\u653f\u53ca\u8d27\u5e01\u653f\u7b56\u53cc\u7ba1\u9f50\u4e0b\uff0c\u6295\u8d44\u8005\u7684\u7d27\u5f20\u60c5\u7eea\u4f3c\u4e4e\u6709\u6240\u7f13\u89e3\uff0c\u5e02\u573a\u60c5\u7eea\u6e10\u8d8b\u4e50\u89c2\uff0c\u8fd9\u4e5f\u8ba9\u6295\u8d44\u8005\u91cd\u65b0\u5173\u6ce8\u80a1\u5e02\u7b49\u98ce\u9669\u8d44\u4ea7\uff0c\u91cd\u65b0\u4e70\u8fdb\u5728\u75ab\u60c5\u4e2d\u88ab\u5927\u5e45\u4f4e\u4f30\u7684\u4ef7\u503c\u80a1\u3002\u5728\u6574\u4f53\u907f\u9669\u9700\u6c42\u88ab\u524a\u5f31\u7684\u60c5\u51b5\u4e0b\uff0c\u7f8e\u5143\u8d2c\u503c\u538b\u529b\u6e10\u73b0\u3002<\/p>\n<p>\u800c\u57282020\u5e74\u7b2c\u56db\u5b63\u5ea6\uff0c\u7f8e\u56fd\u603b\u7edf\u5927\u9009\u5c18\u57c3\u843d\u5b9a\uff0c\u6295\u8d44\u8005\u6e10\u6e10\u8fdb\u53d6\u8d77\u6765\uff0c\u52a0\u4e0a\u751f\u6280\u5927\u5382\u5982\u8f89\u745e\u3001\u963f\u65af\u5229\u5eb7\u4e0e\u6469\u767b\u7eb3\u76f8\u7ee7\u6210\u529f\u5f00\u53d1\u51faCOVID-19\u75ab\u82d7\uff0c\u66f4\u4ee4\u80a1\u5e02\u8d70\u52bf\u5982\u65e5\u4e2d\u5929\u3002\u7f8e\u56fd\u80a1\u5e02\u63a5\u8fde\u521b\u5386\u53f2\u65b0\u9ad8\uff0c\u5728\u98ce\u9669\u504f\u597d\u5341\u8db3\u7684\u73af\u5883\u4e4b\u4e0b\uff0c\u7ee7\u7eed\u6301\u6709\u7f8e\u5143\u4f3c\u4e4e\u4e0d\u662f\u5f88\u597d\u7684\u9009\u62e9\u3002<\/p>\n<p>\u518d\u8005\uff0c\u591a\u6570\u4e13\u5bb6\u9884\u671fCOVID-19\u5bf9\u7f8e\u56fd\u7ecf\u6d4e\u7684\u5f71\u54cd\u5c06\u7ef4\u6301\u4e00\u5e74\uff0c\u4e5f\u5c31\u662f\u8bf4\u7ecf\u6d4e\u4f30\u8ba1\u8981\u52302021\u5e74\u51ac\u5b63\u624d\u6bd4\u8f83\u53ef\u80fd\u6709\u663e\u8457\u6539\u5584\uff0c\u8fd9\u610f\u5473\u7740\u5728\u8fd9\u4e00\u6bb5\u65f6\u95f4\u91cc\uff0c\u7f8e\u56fd\u653f\u5e9c\u5fc5\u987b\u7ef4\u6301\u5f00\u652f\u3001\u8865\u52a9\u4e0e\u6551\u6d4e\u63aa\u65bd\u3002\u5de8\u989d\u8d64\u5b57\u9884\u8ba1\u572810\u5e74\u5185\u96be\u4ee5\u5c3d\u6570\u56de\u6536\uff0c\u751a\u81f3\u4e0d\u4f1a\u56de\u6536\uff0c\u7f8e\u8054\u50a8\u4e5f\u5c06\u88ab\u8feb\u7740\u7ef4\u6301\u4f4e\u5229\u7387\uff0c\u914d\u5408\u5927\u5e45\u589e\u52a0\u7684\u653f\u5e9c\u5f00\u652f\uff0c\u4ee5\u5229\u7ecf\u6d4e\u590d\u82cf\u3002<\/p>\n<p>\u7f8e\u8054\u50a8\u65e9\u9635\u5b50\u5c31\u5df2\u63a8\u51fa\u65b0\u5347\u606f\u6807\u51c6\u300e\u5e73\u5747\u901a\u80c0\u673a\u5236\u300f\uff0c\u5e02\u573a\u9884\u671f\u7f8e\u8054\u50a8\u57282023\u5e74\u524d\u90fd\u5c06\u7ef4\u6301\u4f4e\u5229\u7387\u6c34\u5e73\u3002\u5728\u7f8e\u5143\u6d41\u901a\u6cdb\u6ee5\u4e0b\uff0c\u7f8e\u5143\u5728\u672a\u6765\u4e00\u4e24\u5e74\u6050\u5c06\u96be\u4ee5\u6709\u6548\u8d70\u5f3a\uff0c\u751a\u81f3\u5408\u7406\u9884\u671f\u8d70\u718a\u7684\u6982\u7387\u7edd\u5bf9\u8f83\u9ad8\u3002<\/p>\n<p><em>\u56fe\u4e09\uff1a\u7f8e\u5143\u5468\u7ebf<\/em><\/p>\n<p>\u6280\u672f\u9762\u4e0a\uff0c\u7f8e\u5143\u5468\u7ebf\u51e0\u7ecf\u62c9\u62ac\u672a\u80fd\u7a81\u7834\u5148\u524d\u9ad8\u70b9\uff0c\u5411\u4e0b\u56de\u5410\u51fb\u7834\u5747\u7ebf\u652f\u6491\uff0c\u4e14\u968f20\u300160MA\u6b7b\u53c9\u540e\u5411\u4e0b\u538b\u5236\uff0c\u6ce2\u6bb5\u9ad8\u4f4e\u70b9\u4ea6\u9646\u7eed\u4e0b\u79fb\uff0c\u77ed\u7ebf\u5356\u538b\u76f8\u5bf9\u6c89\u91cd\uff0c\u800c\u5468KD\u867d\u9884\u793a\u53cd\u5f39\u8baf\u53f7\uff0c\u4f46\u6295\u8d44\u8005\u5e94\u7559\u610f\u5176\u53cd\u5f39\u52a8\u80fd\uff0c\u5982\u80fd\u5411\u4e0a\u7a81\u783494.81\u524d\u9ad8\uff0c\u624d\u6709\u671b\u915d\u917f\u5f3a\u52bf\u53cd\u5f39\u3002<\/p>\n<p>\u53cd\u4e4b\uff0c\u82e5\u672a\u80fd\u7a81\u783494.81\uff0c\u5219\u7a7a\u65b9\u6216\u91cd\u65b0\u96c6\u7ed3\uff0c\u81f4\u8d70\u52bf\u627f\u538b\u4e0b\u632b\uff0c\u5e76\u6311\u621888.34\u524d\u4f4e\u652f\u6491\uff0c\u82e5\u7834\u5e95\u5219\u8dcc\u52bf\u52a0\u901f\uff0c\u5426\u5219\u7f8e\u5143\u5c06\u8fce\u6765\u8f83\u957f\u7684\u9707\u8361\u5e02\u3002<\/p>\n<h3><span style=\"color: #0055a5;\"><strong>\u6295\u8d44\u7f8e\u91d1\u7684\u4e09\u79cd\u7ba1\u9053<\/strong><\/span><\/h3>\n<p>\u7f8e\u5143\u4f5c\u4e3a\u4e16\u754c\u4e0a\u6d41\u901a\u6027\u6700\u9ad8\u7684\u8d27\u5e01\uff0c\u7f8e\u5143\u65e9\u5df2\u6210\u4e3a\u5168\u7403\u90fd\u70ed\u7231\u7684\u4e00\u4e2a\u6295\u8d44\u9879\u76ee\uff0c\u4ee5\u4e0b\u5e26\u6765\u51e0\u79cd\u6295\u8d44\u7f8e\u5143\u7684\u65b9\u5f0f\uff1a<\/p>\n<h5><strong>I. <\/strong><strong>\u5916\u5e01\u8d26\u6237\u4e70\u5356<\/strong><\/h5>\n<p>\u5916\u5e01\u8d26\u6237\u4e70\u5356\u4e3a\u8f83\u4e3a\u4fdd\u5b88\u7684\u6295\u8d44\u65b9\u5f0f\uff0c\u4f46\u9700\u8981\u4e8b\u5148\u5f00\u7acb\u4e00\u4e2a\u672c\u5e01\u8d26\u6237\u6765\u505a\u5151\u6362\u7684\u52a8\u4f5c\uff0c\u5982\u679c\u9884\u671f\u7f8e\u5143\u6c47\u7387\u5c06\u5728\u672a\u6765\u8d70\u5f3a\uff0c\u6295\u8d44\u8005\u53ef\u89c2\u5bdf\u94f6\u884c\u724c\u544a\u6c47\u7387\uff0c\u9002\u65f6\u9022\u4f4e\u8d2d\u5165\u7f8e\u5143\u81f3\u5916\u5e01\u8d26\u6237\uff0c\u7b49\u5230\u7f8e\u5143\u5982\u9884\u671f\u822c\u8d70\u5f3a\u540e\uff0c\u518d\u5c06\u7f8e\u5143\u4e8e\u9ad8\u4ef7\u5356\u51fa\uff0c\u5151\u6362\u56de\u6765\u7684\u672c\u5e01\u5dee\u5373\u662f\u83b7\u5229\u3002<\/p>\n<p><strong>\u76f8\u5173\u6587\u7ae0\uff1a<\/strong><a href=\"https:\/\/www.zfx.com\/zh-hans\/academy\/zfx20200925-45425\/\">\u5916\u5e01\u5e10\u6237\u7684\u4e09\u5927\u529f\u80fd \u7b80\u6613\u5f00\u6237\u6d41\u7a0b\u6559\u5b66<\/a><\/p>\n<h5><strong>II. <\/strong><strong>\u671f\u8d27\u4ea4\u6613<\/strong><\/h5>\n<p>\u671f\u8d27\u5e02\u573a\u4e2d\u4e5f\u6709\u63a8\u51fa\u6709\u5173\u7f8e\u5143\u6307\u6570\u7684\u5546\u54c1\uff0c\u4f9b\u6295\u8d44\u8005\u8fdb\u884c\u4ea4\u6613\uff0c\u4f46\u9700\u8981\u6ce8\u610f\u7684\u662f\u671f\u8d27\u4ea4\u6613\u662f\u6709\u671f\u9650\u7684\uff0c\u82e5\u5728\u6700\u540e\u4ea4\u6613\u65e5\u65f6\u672a\u8fdb\u884c\u5e73\u4ed3\u7684\u52a8\u4f5c\uff0c\u5c31\u5fc5\u987b\u8fdb\u884c\u4ea4\u5272\uff0c\u67d0\u4e9b\u671f\u7ea6(\u4f8b\u5982\uff1a\u7f8e\u5143\u6307\u6570\u3001\u80a1\u6307)\u56e0\u4e3a\u5e76\u65e0\u5b9e\u7269\u6216\u662f\u5b9e\u9645\u91d1\u878d\u5546\u54c1\u53ef\u4ee5\u4ea4\u5272\uff0c\u8fd9\u65f6\u5c06\u4f9d\u73b0\u8d27\u4ef7\u683c\u4e0e\u6700\u540e\u4ea4\u6613\u65e5\u7ed3\u7b97\u7684\u4ef7\u5dee\uff0c\u8fdb\u884c\u73b0\u91d1\u7ed3\u7b97\u3002<\/p>\n<h5><strong>III. <\/strong><strong>\u4ef7\u5dee\u5408\u7ea6<\/strong><strong> (<\/strong><strong>\u5916\u6c47\u4fdd\u8bc1\u91d1\u4ea4\u6613<\/strong><strong>)<\/strong><\/h5>\n<p>\u76ee\u524d\u5e02\u9762\u4e0a\u8f83\u6d41\u884c\u7684\u662f\u5dee\u4ef7\u5408\u7ea6(CFD)\u4ea4\u6613\uff0cCFD\u4e3a\u4e00\u79cd\u884d\u751f\u6027\u6295\u8d44\u5de5\u5177\uff0c\u53ef\u4ee5\u8ba9\u6295\u8d44\u8005\u4ea4\u6613\u5404\u7c7b\u80a1\u7968\u6307\u6570\u3001\u5927\u5b97\u5546\u54c1\u7b49\u591a\u7c7b\u522b\u6807\u7684\u7269\u3002\u901a\u8fc7\u4ea4\u6613CFD\uff0c\u6295\u8d44\u8005\u53ef\u4ee5\u4fbf\u6377\u7684\u5bf9\u6240\u5c5e\u610f\u6807\u7684\u7269\u8fdb\u884c\u6295\u8d44\uff0c\u5176\u6982\u5ff5\u662f\u4e70\u5bb6\u4e0e\u5356\u5bb6\u8ba2\u7acb\u4e00\u5f20\u5408\u540c\uff0c\u76c8\u4e8f\u6765\u81ea\u4e8e\u8be5\u5408\u540c\u5185\u7684\u6807\u7684\u7269\u4ef7\u683c\u53d8\u5316\uff0c\u4ea4\u6613\u53cc\u65b9\u53ea\u4f5c\u73b0\u91d1\u7ed3\u7b97\u4ef7\u5dee\uff0c\u5e76\u4e0d\u9700\u8981\u5b9e\u9645\u6301\u6709\u8be5\u6807\u7684\u7269\uff0c\u5176\u4fbf\u5229\u6027\u4e0e\u591a\u7a7a\u7686\u53ef\u76c8\u5229\u7684\u7279\u6027\uff0c\u5438\u5f15\u7740\u5168\u7403\u6295\u8d44\u8005\u7684\u76ee\u5149\uff0cCFD\u4ea4\u6613\u4e5f\u53d8\u5f97\u8d8a\u6765\u8d8a\u76db\u884c\u3002<\/p>\n<p>\u56e0\u6b64\u900f\u8fc7\u4ea4\u6613CFD\uff0c\u5982\u679c\u4ea4\u6613\u8005\u770b\u597d\u7f8e\u5143\u6307\u6570\u7684\u8d70\u52bf\uff0c\u53ef\u4ee5\u9009\u62e9\u5728\u6c47\u5e02\u7684\u8d27\u5e01\u5bf9\u4e2d\u505a\u591aUSD\/JPY\u6216\u662f\u505a\u7a7aAUD\/USD\uff1b\u4f46\u82e5\u662f\u4e0d\u770b\u597d\u7f8e\u5143\u8d70\u52bf\uff0c\u4e5f\u53ef\u9009\u62e9\u505a\u591aEUR\/USD\u3001GBP\/USD\u6216\u662f\u505a\u7a7aUSD\/CAD\u3002\u53e6\u4e00\u4e2a\u65b9\u5f0f\u662f\u76f4\u63a5\u505a\u591a\u7f8e\u5143\u76f8\u5173CFD\uff0c\u4f8b\u5982\u7f8e\u6c47\u6307\u6570CFD\u7b49\u3002<\/p>\n<p>\u2014\u2014<\/p>\n<h5><strong>\u5173\u4e8e\u00a0<a href=\"https:\/\/www.zfx.com\/zh-hans\/\">ZFX \u5c71\u6d77\u8bc1\u5238<\/a><\/strong><\/h5>\n<ul>\n<li>\u53d7FSA\u76d1\u7ba1\uff0c\u8363\u83b7\u00a0Financial Weekly 2019\u5e74 \u6700\u4f73\u4ea4\u6613\u5e73\u53f0<\/li>\n<li>\u63d0\u4f9b100+\u00a0\u79cd\u4ea4\u6613\u4ea7\u54c1\uff0c\u5305\u62ec<strong><a href=\"https:\/\/www.zfx.com\/zh-hans\/products\/forex\/\">\u5916\u6c47<\/a><\/strong>\u3001<strong><a href=\"https:\/\/www.zfx.com\/zh-hans\/products\/shares\/\">\u80a1\u7968<\/a><\/strong>\u3001<strong><a href=\"https:\/\/www.zfx.com\/zh-hans\/products\/indices\/\">\u6307\u6570<\/a><\/strong>\u3001<strong><a href=\"https:\/\/www.zfx.com\/zh-hans\/products\/commodities\/\">\u9ec4\u91d1<\/a><\/strong>\u3001<strong><a href=\"https:\/\/www.zfx.com\/zh-hans\/products\/commodities\/\">\u539f\u6cb9<\/a><\/strong>\u7b49<\/li>\n<li>\u4e09\u79cd<strong><a href=\"https:\/\/www.zfx.com\/zh-hans\/accounts\/\">\u4ea4\u6613\u5e10\u6237<\/a><\/strong>\uff0c\u6ee1\u8db3\u4e0d\u540c\u5ba2\u6237\u7684\u6295\u8d44\u9700\u6c42<\/li>\n<li>\u96f6\u4f63\u91d1\u3001\u4f4e\u4ef7\u5dee\uff0c\u6760\u6746\u7387\u9ad8\u8fbe1 : 2000<\/li>\n<li>\u5f3a\u5927\u7684\u4ea4\u6613\u7cfb\u7edf\uff0c\u6bcf\u79d2\u6267\u884c50,000\u8ba2\u5355<\/li>\n<li>\u6700\u4f4e\u5165\u91d150\u7f8e\u91d1\u5373\u53ef\u5f00\u6237<\/li>\n<li>24\u5c0f\u65f6<strong><a href=\"https:\/\/www.zfx.com\/zh-hans\/about-zfx\/contact-us\/\">\u4e2d\u6587\u5ba2\u6237\u670d\u52a1<\/a><\/strong><\/li>\n<\/ul>\n<p><a href=\"https:\/\/my.zfx.com\/zh\/reg\/truely\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-53446 size-full\" src=\"https:\/\/www.zfx.com\/wp-content\/uploads\/2020\/08\/start-trading-tc.jpg\" alt=\"\" width=\"130\" height=\"48\" \/><\/a><\/p>\n<hr \/>\n<p><strong>\u98ce\u9669\u63d0\u793a:\u4ee5\u4e0a\u5185\u5bb9\u4ec5\u4f9b\u53c2\u8003\uff0c\u4e0d\u4ee3\u8868ZFX\u7acb\u573a\uff0cZFX\u4e0d\u627f\u62c5\u6839\u636e\u672c\u6587\u6240\u8fdb\u884c\u4efb\u4f55\u4e70\u5356\u64cd\u4f5c\u800c\u5bfc\u81f4\u7684\u4efb\u4f55\u5f62\u5f0f\u635f\u5931\u3002\u8bf7\u575a\u5b9a\u81ea\u5df1\u7684\u601d\u8def\uff0c\u505a\u597d\u76f8\u5e94\u98ce\u9669\u63a7\u5236\u3002<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u672c\u6587\u5c06\u4ece\u7f8e\u5143\u7684\u8fc7\u53bb\u8868\u73b0\u53ca\u5f71\u54cd\u7f8e\u91d1\u6c47\u7387\u7684\u56e0\u7d20\uff0c\u9884\u6d4b\u672c\u5e74\u5ea6\u7f8e\u5143\u8d70\u52bf\u3002<\/p>\n","protected":false},"author":87,"featured_media":68517,"template":"","academy_categories":[11226],"academy_tags":[12923],"class_list":["post-69234","academy","type-academy","status-publish","has-post-thumbnail","hentry","academy_categories-trading-guides-zh-hans","academy_tags--zh-hans"],"acf":[],"current_lang":"zh-hans","_links":{"self":[{"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/academy\/69234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/academy"}],"about":[{"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/types\/academy"}],"author":[{"embeddable":true,"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/users\/87"}],"version-history":[{"count":0,"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/academy\/69234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/media\/68517"}],"wp:attachment":[{"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=69234"}],"wp:term":[{"taxonomy":"academy_categories","embeddable":true,"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/academy_categories?post=69234"},{"taxonomy":"academy_tags","embeddable":true,"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/academy_tags?post=69234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}