{"id":10151595,"date":"2026-05-06T11:39:00","date_gmt":"2026-05-06T03:39:00","guid":{"rendered":"https:\/\/twkeypoint.com\/?p=10151595"},"modified":"2026-05-06T11:39:00","modified_gmt":"2026-05-06T03:39:00","slug":"%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-pimco%ef%bc%9a%e7%be%8e%e5%9c%8b%e8%81%af%e6%ba%96%e6%9c%83%e5%9c%a8%e5%a4%9a%e9%87%8d%e9%a2%a8%e9%9a%aa%e4%ba%a4%e9%8c%af%e4%b8%8b","status":"publish","type":"post","link":"https:\/\/twkeypoint.com\/index.php\/2026\/05\/06\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-pimco%ef%bc%9a%e7%be%8e%e5%9c%8b%e8%81%af%e6%ba%96%e6%9c%83%e5%9c%a8%e5%a4%9a%e9%87%8d%e9%a2%a8%e9%9a%aa%e4%ba%a4%e9%8c%af%e4%b8%8b\/","title":{"rendered":"\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-PIMCO\uff1a\u7f8e\u570b\u806f\u6e96\u6703\u5728\u591a\u91cd\u98a8\u96aa\u4ea4\u932f\u4e0b\u7dad\u6301\u89c0\u671b"},"content":{"rendered":"\n<div class=\"wp-block-columns is-layout-flex wp-container-3 wp-block-columns-is-layout-flex\">\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n\n<p>\nPIMCO \u7d93\u6fdf\u5b78\u5bb6\u885b\u827e\u5a77\uff08Tiffany Wilding\uff09\u8868\u793a\uff0c\u7f8e\u570b\u806f\u6e96\u67034\u6708\u6703\u8b70\u5ba3\u5e03\u7dad\u6301\u653f\u7b56\u5229\u7387\u4e0d\u8b8a\u6642\uff0c\u5e02\u5834\u8207\u7522\u696d\u89c0\u5bdf\u8005\u5011\u4e26\u4e0d\u611f\u5230\u610f\u5916\u3002\u4f46\u66f4\u503c\u5f97\u6ce8\u610f\u662f\uff1a\u6709\u4e09\u4f4d\u5177\u6295\u7968\u6b0a\u7684\u6c7a\u7b56\u59d4\u54e1\u63d0\u51fa\u7570\u8b70\uff0c\u4ed6\u5011\u4e26\u4e0d\u652f\u6301\u5728\u653f\u7b56\u8072\u660e\u7684\u524d\u77bb\u6307\u5f15\u8a9e\u8a00\u4e2d\u4fdd\u7559\u96b1\u542b\u7684\u5bec\u9b06\u50be\u5411\u3002\u63a8\u6e2c\u4ed6\u5011\u66f4\u50be\u5411\u65bc\u767c\u51fa\u66f4\u5f37\u70c8\u7684\u8a0a\u865f\uff0c\u8868\u660e\u4e0b\u4e00\u6b21\u7684\u5229\u7387\u8b8a\u52d5\uff08\u7121\u8ad6\u4f55\u6642\u767c\u751f\uff09\u53ef\u80fd\u662f\u5347\u606f\u6216\u964d\u606f\u3002\u4e0b\u4e00\u6b21\u7684\u884c\u52d5\u5c07\u662f\u964d\u606f\uff0c\u4f46\u6642\u6a5f\u5c1a\u4e0d\u660e\u78ba\u3002<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n\n<\/p>\n\n\n<p>\n\u806f\u6e96\u6703\u4e3b\u5e2d\u9b91\u723e\uff08Jerome Powell\uff09\u5728\u6703\u5f8c\u8a18\u8005\u6703\u5f37\u8abf\u4e2d\u6771\u885d\u7a81\u53ef\u80fd\u5e36\u4f86\u7684\u5ee3\u6cdb\u5f8c\u679c\uff0c\u4ee5\u53ca\u6574\u9ad4\u7684\u9ad8\u5ea6\u4e0d\u78ba\u5b9a\u6027\u3002\u8072\u660e\u7684\u4fee\u6539\u662f\u7d93\u904e\u6fc0\u70c8\u8a0e\u8ad6\u7684\uff0c\u82073\u6708\u7684\u6703\u8b70\u76f8\u6bd4\uff0c\u6709\u66f4\u591a\u59d4\u54e1\u652f\u6301\u8abf\u6574\u70ba\u8f03\u504f\u9df9\u6d3e\u7684\u63aa\u8fad\u3002\u9b91\u723e\u4e5f\u6307\u51fa\uff0c\u806f\u6e96\u6703\u76ee\u524d\u7684\u653f\u7b56\u8655\u65bc\u6709\u5229\u4f4d\u7f6e\uff0c\u80fd\u5920\u61c9\u5c0d\u80fd\u6e90\u4f9b\u61c9\u885d\u64ca\u7684\u7d93\u6fdf\u5f71\u97ff\uff1b\u9019\u4e9b\u885d\u64ca\u5c0d\u806f\u6e96\u6703\u7684\u96d9\u91cd\u4f7f\u547d\uff1a\u5be6\u73fe\u6700\u5927\u5c31\u696d\u8207\u7269\u50f9\u7a69\u5b9a\uff0c\u7686\u69cb\u6210\u98a8\u96aa\u3002<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n\n<\/p>\n\n\n<p>\n\u5e02\u5834\u76ee\u524d\u4f3c\u4e4e\u5c07\u806f\u6e96\u6703\u7684\u8a0a\u865f\u89e3\u8b80\u70ba\u504f\u5411\u9df9\u6d3e\uff0c\u7136\u800c\u5e02\u5834\u53cd\u61c9\u537b\u76f8\u5c0d\u7de9\u548c\uff0c\u671f\u76fc\u8457\u5373\u5c07\u4e0a\u4efb\u7684\u806f\u6e96\u6703\u4e3b\u5e2d\u83ef\u8a31\uff08Kevin Warsh\uff09\u662f\u5426\u80fd\u5920\u5728\u4e2d\u6771\u885d\u7a81\u5f15\u767c\u7684\u505c\u6eef\u6027\u901a\u81a8\u58d3\u529b\u4e0b\uff0c\u8b93\u806f\u6e96\u6703\u7e7c\u7e8c\u7dad\u6301\u5229\u7387\u4e0d\u8b8a\u3002\u6211\u5011\u4f9d\u7136\u8a8d\u70ba\u806f\u6e96\u6703\u8981\u626d\u8f49\u8def\u7dda\u4e26\u9032\u884c\u5347\u606f\u7684\u9580\u6abb\u5f88\u9ad8\u3002\u8003\u91cf\u5230\u80fd\u6e90\u50f9\u683c\u8207\u4f9b\u61c9\u7684\u986f\u8457\u4e0d\u78ba\u5b9a\u6027\uff0c\u5728\u901a\u81a8\u8207\u5931\u696d\u7387\u4e4b\u9593\u7684\u53d6\u6368\u65b9\u5411\u8b8a\u5f97\u66f4\u70ba\u660e\u6717\u4e4b\u524d\uff0c\u806f\u6e96\u6703\u53ef\u80fd\u6703\u7dad\u6301\u5229\u7387\u4e0d\u8b8a\u3002<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n\n<\/p>\n\n\n<p>\nTiffany Wilding\u8868\u793a\uff0c\u5728\u5404\u754c\u666e\u904d\u9810\u671f\u806f\u6e96\u6703\u5c07\u6309\u5175\u4e0d\u52d5\u7684\u60c5\u6cc1\u4e0b\uff0c\u9019\u6b21\u6703\u8b70\u7684\u91cd\u9ede\u7121\u7591\u5728\u65bc\u6e9d\u901a\u3002\u8072\u660e\u4fdd\u7559\u5176\u96b1\u542b\u7684\u5bec\u9b06\u50be\u5411\u2014\u9019\u5f15\u767c\u4e09\u4f4d\u59d4\u54e1\u7684\u7570\u8b70\uff1b\u7406\u4e8b\u7c73\u862d\uff08Stephen Miran\uff09\u5247\u5ef6\u7e8c\u4e86\u4e00\u8cab\u7684\u6a21\u5f0f\uff0c\u5c0d\u66f4\u5bec\u9b06\u653f\u7b56\u63d0\u51fa\u53cd\u5c0d\u610f\u898b\u3002\u8072\u660e\u4e2d\u7684\u5bec\u9b06\u50be\u5411\u5341\u5206\u5fae\u5999\uff0c\u4e3b\u8981\u570d\u7e5e\u5728\u524d\u77bb\u6307\u5f15\u7684\u9019\u53e5\u8a71\uff1a\u300c\u5728\u8003\u91cf\u5c0d\u806f\u90a6\u57fa\u91d1\u5229\u7387\u76ee\u6a19\u5340\u9593\u9032\u884c\u300e\u984d\u5916\u300f\u8abf\u6574\u7684\u5e45\u5ea6\u8207\u6642\u6a5f\u6642\u300d\u3002\u5728\u6b64\u8a9e\u5883\u4e0b\uff0c\u300c\u984d\u5916\u300d\u4e00\u8a5e\u88ab\u89e3\u8b80\u70ba\u984d\u5916\u7684\u964d\u606f\u3002\u63d0\u51fa\u7570\u8b70\u7684\u59d4\u54e1\u53ef\u80fd\u66f4\u5e0c\u671b\u5f37\u70c8\u6697\u793a\u4e0b\u4e00\u6b65\u7684\u5229\u7387\u884c\u52d5\u53ef\u80fd\u662f\u964d\u606f\u6216\u5347\u606f\u2014\u4ed6\u5011\u7684\u7570\u8b70\u4e2d\u770b\u5230\u96b1\u542b\u7684\u9df9\u6d3e\uff08\u6216\u81f3\u5c11\u8f03\u4e0d\u9d3f\u6d3e\uff09\u50be\u5411\u3002<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n\n<\/p>\n\n\n<p>\n\u5982\u679c\u4e8b\u614b\u767c\u5c55\u6709\u9700\u8981\uff0c\u9019\u6bb5\u524d\u77bb\u6307\u5f15\u7684\u8a9e\u8a00\u6700\u5feb\u53ef\u80fd\u6703\u5728\u4e0b\u4e00\u6b21\u6703\u8b70\u4e2d\u88ab\u4fee\u6539\u6216\u522a\u9664\u3002\u5728\u8a18\u8005\u6703\u4e0a\uff0c\u9b91\u723e\u8868\u9054\u806f\u6e96\u6703\u89c0\u9ede\u51fa\u73fe\u5c0f\u5e45\u8f49\u5411\u66f4\u504f\u9df9\u6d3e\u7684\u73fe\u8c61\u3002\u5728\u5be6\u52d9\u4e0a\uff0c\u9019\u53ef\u80fd\u610f\u5473\u8457\u4e00\u6bb5\u7dad\u6301\u5229\u7387\u4e0d\u8b8a\u7684\u6642\u671f\uff0c\u76f4\u5230\u7d93\u6fdf\u6578\u64da\u3001\u524d\u666f\u8207\u98a8\u96aa\u5e73\u8861\u80fd\u70ba\u653f\u7b56\u8def\u5f91\u63cf\u7e6a\u51fa\u66f4\u6e05\u6670\u7684\u8f2a\u5ed3\u3002<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n\n<\/p>\n\n\n<p>\n\u5118\u7ba1\u5982\u6b64\uff0cTiffany Wilding\u8868\u793a\uff0c\u4ecd\u9810\u671f\u4e0b\u4e00\u6b21\u7684\u5229\u7387\u884c\u52d5\u6700\u7d42\u5c07\u662f\u964d\u606f\uff0c\u4e26\u4ecd\u5c07\u4e2d\u6027\u653f\u7b56\u5229\u7387\u7684\u9810\u4f30\u503c\u5b9a\u5728\u7d04 3%\u3002\u7136\u800c\uff0c\u6642\u6a5f\u4ecd\u5177\u4e0d\u78ba\u5b9a\u6027\u3002\u5982\u679c\u4f0a\u6717\u885d\u7a81\u8207\u80fd\u6e90\u885d\u64ca\u986f\u793a\u51fa\u66f4\u6301\u4e45\u7684\u8de1\u8c61\uff0c\u6838\u5fc3\u901a\u81a8\u53ef\u80fd\u9700\u8981\u66f4\u9577\u7684\u6642\u9593\u624d\u80fd\u660e\u78ba\u958b\u59cb\u5411\u806f\u6e96\u6703\u7684\u76ee\u6a19\u56de\u843d\uff0c\u9019\u5c07\u4f7f\u653e\u5bec\u8ca8\u5e63\u653f\u7b56\u7684\u6c7a\u5b9a\u8b8a\u5f97\u66f4\u70ba\u8907\u96dc\u3002<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n\n<\/p>\n\n\n<p>\n\u8a31\u591a\u7522\u696d\u89c0\u5bdf\u8005\u8207\u653f\u7b56\u5236\u5b9a\u8005\u90fd\u9084\u8a18\u5f97 2021 \u81f3 2022 \u5e74\u9593\u901a\u81a8\u6025\u5347\u6240\u5e36\u4f86\u7684\u75db\u82e6\u3002\u73fe\u5728\u8207\u7576\u6642\u5b58\u5728\u91cd\u8981\u5dee\u7570\uff0c\u9019\u6709\u52a9\u65bc\u6e1b\u7de9\u6838\u5fc3\u5546\u54c1\u50f9\u683c\u901a\u81a8\u8513\u5ef6\u81f3\u66f4\u5ee3\u6cdb\u7684\u670d\u52d9\u696d\u985e\u5225\u3002\u5728\u75ab\u60c5\u7206\u767c\u5f8c\u90a3\u6bb5\u671f\u9593\uff0c\u5ee3\u6cdb\u7684\u901a\u81a8\u4e5f\u8207\u5927\u898f\u6a21\u8ca1\u653f\u8f49\u79fb\uff08\u5982\u652f\u6301\u5bb6\u5ead\u8207\u4f01\u696d\u7684\u806f\u90a6\u652f\u51fa\u6cd5\u6848\uff09\u6709\u95dc\uff0c\u4e26\u53d7\u5230\u6975\u5ea6\u7dca\u4fcf\u7684\u52de\u52d5\u5e02\u5834\u52a0\u5287\u2014\u800c\u9019\u4e9b\u56e0\u7d20\u73fe\u4eca\u5df2\u4e0d\u5fa9\u5b58\u5728\u3002\u6700\u7d42\uff0c\u96a8\u8457\u80fd\u6e90\u50f9\u683c\u56de\u7a69\uff08\u5047\u8a2d\u6703\u56de\u7a69\uff09\uff0c\u806f\u6e96\u6703\u4ecd\u53ef\u80fd\u518d\u964d\u606f\u5e7e\u6b21\uff0c\u5c07\u76ee\u524d3.5%\u81f33.75% \u7684\u653f\u7b56\u5340\u9593\uff0c\u8abf\u6574\u81f3\u8207\u806f\u6e96\u6703\u7d04 3% \u7684\u4e2d\u6027\u653f\u7b56\u5229\u7387\u4e2d\u4f4d\u6578\u9810\u4f30\u76f8\u7b26\u3002<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n\n<\/p>\n\n\n<p>\nTiffany Wilding\u8868\u793a\uff0c\u53e6\u4e00\u65b9\u9762\uff0c\u5728\u53e6\u4e00\u7a2e\u98a8\u96aa\u60c5\u5883\u4e0b\uff0c\u82e5\u4e2d\u6771\u5be6\u9ad4\u80fd\u6e90\u4f9b\u61c9\u4e2d\u65b7\u7684\u6642\u9593\u66f4\u9577\uff0c\u653f\u7b56\u53d6\u6368\u5c07\u8b8a\u5f97\u66f4\u52a0\u56f0\u96e3\u3002\u5118\u7ba1\u7f8e\u570b\u4f5c\u70ba\u80fd\u6e90\u6de8\u51fa\u53e3\u570b\u76f8\u5c0d\u5177\u6709\u9632\u79a6\u529b\uff0c\u4f46\u5168\u7403\u8870\u9000\u98a8\u96aa\u7684\u5347\u9ad8\uff0c\u4ee5\u53ca\u53ef\u80fd\u96a8\u4e4b\u800c\u4f86\u7684\u91d1\u878d\u74b0\u5883\u7dca\u7e2e\uff0c\u6700\u7d42\u4ecd\u5c07\u5c0e\u81f4\u964d\u606f\u2014\u5118\u7ba1\u5168\u7403\u901a\u81a8\u7684\u521d\u6b65\u98c6\u5347\uff0c\u53ef\u80fd\u6703\u5ef6\u9072\u592e\u884c\u5c0d\u7d93\u6fdf\u6d3b\u52d5\u75b2\u8edf\u7684\u53cd\u61c9\u3002<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n\n<\/p>\n\n\n<p>\nTiffany Wilding\u8868\u793a\uff0c\u9019\u53ef\u80fd\u662f\u9b91\u723e\u4f5c\u70ba\u806f\u6e96\u6703\u4e3b\u5e2d\u7684\u6700\u5f8c\u4e00\u6b21\u6703\u8b70\u3002\u4ed6\u627f\u8afe\u5c07\u7e7c\u7e8c\u64d4\u4efb\u7406\u4e8b\uff0c\u76f4\u5230\u91dd\u5c0d\u4ed6\u672c\u4eba\u4ee5\u53ca\u806f\u6e96\u6703\u5927\u6a13\u7ffb\u65b0\u6210\u672c\u7684\u6cd5\u5f8b\u8abf\u67e5\uff0c\u4ee5\u300c\u900f\u660e\u4e14\u6700\u7d42\u300d\u7684\u65b9\u5f0f\u7d50\u675f\u3002\u4ed6\u4e5f\u8868\u793a\uff0c\u806f\u6e96\u6703\u5b98\u54e1\u61c9\u8a72\u8981\u80fd\u5920\u5728\u300c\u5728\u6c92\u6709\u653f\u6cbb\u8003\u91cf\u7684\u60c5\u6cc1\u4e0b\u5236\u5b9a\u8ca8\u5e63\u653f\u7b56\u300d\u3002\u4ed6\u78ba\u5be6\u627f\u8afe\u6703\u5378\u4efb\uff0c\u4f46\u4ed6\u7684\u8868\u8ff0\u5c0d\u65bc\u4f55\u6642\u4ed6\u89ba\u5f97\u9069\u5408\u96e2\u958b\uff0c\u7559\u4e0b\u4e86\u5145\u8db3\u7684\u89e3\u91cb\u7a7a\u9593\u3002\u4ed6\u4ea6\u627f\u8afe\u5728\u64d4\u4efb\u7406\u4e8b\u671f\u9593\u4fdd\u6301\u300c\u4f4e\u8abf\u300d\uff0c\u4e26\u5728\u80fd\u529b\u6240\u53ca\u4e4b\u8655\u5354\u52a9\u5373\u5c07\u4e0a\u4efb\u7684\u4e3b\u5e2d\u83ef\u8a31\u3002\u9b91\u723e\u4e5f\u900f\u9732\uff0c\u806f\u6e96\u6703\u5b98\u54e1\u5c0d\u65bc\u806f\u6e96\u6703\u6216\u5176\u4eba\u54e1\u6301\u7e8c\u9762\u81e8\u7684\u6311\u6230\u611f\u5230\u64d4\u6182\uff0c\u4ed6\u7279\u5225\u6307\u51fa\uff0c\u82e5\u56e0\u653f\u7b56\u9078\u64c7\u800c\u6368\u68c4\u4e86\u7f8e\u570b\u806f\u90a6\u5132\u5099\u9280\u884c\u7e3d\u88c1\uff0c\u5c07\u662f\u300c\u7d42\u7d50\u7684\u958b\u7aef\u300d\u3002<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n\n<\/p>\n\n\n<p>\nTiffany Wilding\u8a8d\u70ba\uff0c\u83ef\u8a31\u7684\u4ea4\u63a5\u4e3b\u8981\u5c07\u5f71\u97ff\u806f\u6e96\u6703\u7684\u6e9d\u901a\u4ee5\u53ca\u5e02\u5834\u7684\u89e3\u8b80\uff0c\u800c\u975e\u5229\u7387\u672c\u8eab\u3002\u83ef\u8a31\u5728\u53c3\u8b70\u9662\u807d\u8b49\u6703\u4e0a\u7684\u614b\u5ea6\u4e26\u672a\u8868\u73fe\u51fa\u660e\u986f\u504f\u5411\u9d3f\u6d3e\u3002\u4e8b\u5be6\u4e0a\uff0c\u4ed6\u6279\u8a55\u806f\u6e96\u6703\u5728 2022 \u5e74\u61c9\u5c0d\u901a\u81a8\u6642\u884c\u52d5\u904e\u665a\u3002\u4ed6\u78ba\u5be6\u63d0\u5230\u4fee\u526a\u5e73\u5747\uff08trimmed mean\uff09\u548c\u4e2d\u4f4d\u6578\u901a\u81a8\u6307\u6a19\uff0c\u9019\u4e9b\u6307\u6a19\u76ee\u524d\u7684\u8868\u73fe\u4f4e\u65bc\u6838\u5fc3\u500b\u4eba\u6d88\u8cbb\u652f\u51fa\uff08PCE\uff09\u901a\u81a8\u7387\u2014\u9019\u986f\u793a\u7565\u5fae\u504f\u5411\u9d3f\u6d3e\u3002<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n\n<\/p>\n\n\n<p>\n\u7136\u800c\uff0c\u5f9e\u6b77\u53f2\u7d93\u9a57\u4e0a\u770b\uff0c\u9019\u4e9b\u6307\u6a19\u901a\u5e38\u9ad8\u65bc\u6838\u5fc3\u901a\u81a8\uff0c\u5982\u679c\u80fd\u6e90\u50f9\u683c\u6301\u7e8c\u5347\u9ad8\u9032\u800c\u5ee3\u6cdb\u63a8\u5347\u6838\u5fc3\u5546\u54c1\u901a\u81a8\uff0c\u9019\u4e9b\u6307\u6a19\u4e5f\u53ef\u80fd\u6703\u52a0\u901f\u4e0a\u5347\u3002\u6211\u5011\u76ee\u524d\u7684\u5047\u8a2d\u4ecd\u662f\uff0c\u83ef\u8a31\u7576\u524d\u7684\u50be\u5411\uff08\u8207\u806f\u6e96\u6703\u9810\u6e2c\u4e2d\u4f4d\u6578\u76f8\u4f3c\uff09\u662f\u964d\u606f\uff0c\u4e14\u5728\u4ed6\u9818\u5c0e\u4e0b\uff0c\u806f\u6e96\u6703\u5c07\u7e7c\u7e8c\u4fdd\u6301\u70ba\u4e00\u500b\u7368\u7acb\u7684\u6a5f\u69cb\u3002<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n2026\/05\/06 11:38<\/p>\n\n\n<p>\n\u8f49\u8f09\u81ea\u806f\u5408\u65b0\u805e\u7db2: https:\/\/udn.com\/news\/story\/7238\/9484955?from=udn-ch1_breaknews-1-99-news<\/p>\n\n<\/div>\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:30%\">\n<div id=\"point2\"  class=\"ultp-post-grid-block wp-block-ultimate-post-post-list-3 ultp-block-\"><div class=\"ultp-block-wrapper\"><div class=\"ultp-loading\"><div class=\"ultp-loading-blocks\" style=\"width:100%;height:100%;\"><div style=\"left: 0;top: 0;animation-delay:0s;\"><\/div><div style=\"left: 21px;top: 0;animation-delay:0.125s;\"><\/div><div style=\"left: 42px;top: 0;animation-delay:0.25s;\"><\/div><div style=\"left: 0;top: 21px;animation-delay:0.875s;\"><\/div><div style=\"left: 42px;top: 21px;animation-delay:0.375s;\"><\/div><div style=\"left: 0;top: 42px;animation-delay:0.75s;\"><\/div><div style=\"left: 42px;top: 42px;animation-delay:0.625s;\"><\/div><div style=\"left: 21px;top: 42px;animation-delay:0.5s;\"><\/div><\/div><\/div><div class=\"ultp-heading-filter\"><div class=\"ultp-heading-filter-in\"><div class=\"ultp-heading-wrap ultp-heading-style20 ultp-heading-center\"><h2 class=\"ultp-heading-inner\"><span>\u6700\u65b0\u6587\u7ae0<\/span><\/h2><\/div><\/div><\/div><div class=\"ultp-block-items-wrap ultp-block-row ultp-block-column-1 ultp-block-content-bottom ultp-layout1\"><div class=\"ultp-block-item ultp-block-media post-id-10152631\"><div class=\"ultp-block-content-wrap\"><div class=\"ultp-block-content\"><h3 class=\"ultp-block-title \"><a href=\"https:\/\/twkeypoint.com\/index.php\/2026\/05\/06\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e8%83%b8%e9%83%a8%e8%85%ab%e5%a1%8a%e5%88%b0%e5%ba%95%e6%98%af%e4%b9%b3%e7%99%8c%ef%bc%9f%e9%82%84%e6%98%af%e7%ba%96%e7%b6%ad%e5%9b%8a\/\" >\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u80f8\u90e8\u816b\u584a\u5230\u5e95\u662f\u4e73\u764c\uff1f\u9084\u662f\u7e96\u7dad\u56ca\u816b\uff1f \u91ab\u7c72\uff1a\u6ce8\u610f\u9019\u300c7\u5927\u8b8a\u5316\u300d<\/a><\/h3><\/div><\/div><\/div><div class=\"ultp-block-item ultp-block-media post-id-10152628\"><div class=\"ultp-block-content-wrap\"><div class=\"ultp-block-content\"><h3 class=\"ultp-block-title \"><a href=\"https:\/\/twkeypoint.com\/index.php\/2026\/05\/06\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e5%9c%8b%e4%b8%ad%e6%9c%83%e8%80%832a3b-%e8%8b%97%e6%a0%97%e7%b8%a3%e7%ab%8b%e8%8b%91%e9%ab%98%e9%84%ad%e9%88%ba%e7%8f%8a%e7%a7%91\/\" >\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u570b\u4e2d\u6703\u80032A3B \u82d7\u6817\u7e23\u7acb\u82d1\u9ad8\u912d\u923a\u73ca\u79d1\u5927\u7e41\u661f\u8a2d\u8a08\u7fa4\u5168\u570b\u7b2c\u4e00<\/a><\/h3><\/div><\/div><\/div><div class=\"ultp-block-item ultp-block-media post-id-10152625\"><div class=\"ultp-block-content-wrap\"><div class=\"ultp-block-content\"><h3 class=\"ultp-block-title \"><a href=\"https:\/\/twkeypoint.com\/index.php\/2026\/05\/06\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e3%80%8a%e5%9c%8b%e9%9a%9b%e6%94%bf%e6%b2%bb%e3%80%8b%e5%81%9c%e7%81%ab%e6%9c%9f%e9%99%90%e5%89%8d%e5%a4%95-%e4%bf%84%e7%be%85-2\/\" >\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u300a\u570b\u969b\u653f\u6cbb\u300b\u505c\u706b\u671f\u9650\u524d\u5915 \u4fc4\u7f85\u65af\u767c\u52d5\u653b\u64ca\u3001\u70cf\u6771\u81f3\u5c1127\u4eba\u6b7b\u4ea1<\/a><\/h3><\/div><\/div><\/div><div class=\"ultp-block-item ultp-block-media post-id-10152623\"><div class=\"ultp-block-content-wrap\"><div class=\"ultp-block-content\"><h3 class=\"ultp-block-title \"><a href=\"https:\/\/twkeypoint.com\/index.php\/2026\/05\/06\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e8%bc%9d%e9%81%94rubin%e9%a9%9a%e5%82%b3%e8%a6%8f%e6%a0%bc%e5%a4%a7%e9%96%b9%e5%89%b2%ef%bc%81%e6%95%a3%e7%86%b1%e4%b8%89%e9%9b%84\/\" >\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u8f1d\u9054Rubin\u9a5a\u50b3\u898f\u683c\u5927\u95b9\u5272\uff01\u6563\u71b1\u4e09\u96c4\u6158\u906d\u8840\u6d17 \u62c6\u89e3\u5947\u92d0\u3001\u5065\u7b56\u80cc\u5f8c\u81f4\u547d\u4e00\u64ca<\/a><\/h3><\/div><\/div><\/div><div class=\"ultp-block-item ultp-block-media post-id-10152620\"><div class=\"ultp-block-content-wrap\"><div class=\"ultp-block-content\"><h3 class=\"ultp-block-title \"><a href=\"https:\/\/twkeypoint.com\/index.php\/2026\/05\/06\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e5%8f%b0%e8%82%a1%e5%89%b5%e6%96%b0%e9%ab%98%e7%8b%82%e9%9c%87900%e9%bb%9e%ef%bc%81%e6%94%b6%e7%9b%a4%e4%b8%8a%e6%bc%b2369%e9%bb%9e\/\" >\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u53f0\u80a1\u5275\u65b0\u9ad8\u72c2\u9707900\u9ede\uff01\u6536\u76e4\u4e0a\u6f32369\u9ede \u806f\u96fb\u3001\u8a18\u61b6\u9ad4\u96d9\u96c4\u6f32\u505c<\/a><\/h3><\/div><\/div><\/div><\/div><\/div><div class=\"pagination-block-html\" aria-hidden=\"true\" style=\"display: none;\"><\/div><\/div>\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\">\n<\/div>\n\n<div id=\"point3\"  class=\"ultp-post-grid-block wp-block-ultimate-post-post-list-3 ultp-block-\"><div class=\"ultp-block-wrapper\"><div class=\"ultp-loading\"><div class=\"ultp-loading-blocks\" style=\"width:100%;height:100%;\"><div style=\"left: 0;top: 0;animation-delay:0s;\"><\/div><div style=\"left: 21px;top: 0;animation-delay:0.125s;\"><\/div><div style=\"left: 42px;top: 0;animation-delay:0.25s;\"><\/div><div style=\"left: 0;top: 21px;animation-delay:0.875s;\"><\/div><div style=\"left: 42px;top: 21px;animation-delay:0.375s;\"><\/div><div style=\"left: 0;top: 42px;animation-delay:0.75s;\"><\/div><div style=\"left: 42px;top: 42px;animation-delay:0.625s;\"><\/div><div style=\"left: 21px;top: 42px;animation-delay:0.5s;\"><\/div><\/div><\/div><div class=\"ultp-heading-filter\"><div class=\"ultp-heading-filter-in\"><div class=\"ultp-heading-wrap ultp-heading-style20 ultp-heading-center\"><h2 class=\"ultp-heading-inner\"><span>\u672c\u9031\u71b1\u9580\u6587\u7ae0<\/span><\/h2><\/div><\/div><\/div><div class=\"ultp-block-items-wrap ultp-block-row ultp-block-column-1 ultp-block-content-bottom ultp-layout1\"><div class=\"ultp-block-item ultp-block-media post-id-10152631\"><div class=\"ultp-block-content-wrap\"><div class=\"ultp-block-content\"><h3 class=\"ultp-block-title \"><a href=\"https:\/\/twkeypoint.com\/index.php\/2026\/05\/06\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e8%83%b8%e9%83%a8%e8%85%ab%e5%a1%8a%e5%88%b0%e5%ba%95%e6%98%af%e4%b9%b3%e7%99%8c%ef%bc%9f%e9%82%84%e6%98%af%e7%ba%96%e7%b6%ad%e5%9b%8a\/\" >\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u80f8\u90e8\u816b\u584a\u5230\u5e95\u662f\u4e73\u764c\uff1f\u9084\u662f\u7e96\u7dad\u56ca\u816b\uff1f \u91ab\u7c72\uff1a\u6ce8\u610f\u9019\u300c7\u5927\u8b8a\u5316\u300d<\/a><\/h3><\/div><\/div><\/div><div class=\"ultp-block-item ultp-block-media post-id-10152628\"><div class=\"ultp-block-content-wrap\"><div class=\"ultp-block-content\"><h3 class=\"ultp-block-title \"><a href=\"https:\/\/twkeypoint.com\/index.php\/2026\/05\/06\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e5%9c%8b%e4%b8%ad%e6%9c%83%e8%80%832a3b-%e8%8b%97%e6%a0%97%e7%b8%a3%e7%ab%8b%e8%8b%91%e9%ab%98%e9%84%ad%e9%88%ba%e7%8f%8a%e7%a7%91\/\" >\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u570b\u4e2d\u6703\u80032A3B \u82d7\u6817\u7e23\u7acb\u82d1\u9ad8\u912d\u923a\u73ca\u79d1\u5927\u7e41\u661f\u8a2d\u8a08\u7fa4\u5168\u570b\u7b2c\u4e00<\/a><\/h3><\/div><\/div><\/div><div class=\"ultp-block-item ultp-block-media post-id-10152625\"><div class=\"ultp-block-content-wrap\"><div class=\"ultp-block-content\"><h3 class=\"ultp-block-title \"><a 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