{"id":10408883,"date":"2026-08-09T04:30:17","date_gmt":"2026-08-08T20:30:17","guid":{"rendered":"https:\/\/twkeypoint.com\/?p=10408883"},"modified":"2026-08-09T04:30:17","modified_gmt":"2026-08-08T20:30:17","slug":"%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e8%b2%9d%e7%91%9e%e8%ad%a6%e5%91%8a1987%e5%b4%a9%e7%9b%a4%e9%87%8d%e6%bc%94%e5%8f%af%e4%bf%a1%e5%97%8e%ef%bc%9f-%e5%b0%88%e5%ae%b6","status":"publish","type":"post","link":"https:\/\/twkeypoint.com\/index.php\/2026\/08\/09\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e8%b2%9d%e7%91%9e%e8%ad%a6%e5%91%8a1987%e5%b4%a9%e7%9b%a4%e9%87%8d%e6%bc%94%e5%8f%af%e4%bf%a1%e5%97%8e%ef%bc%9f-%e5%b0%88%e5%ae%b6\/","title":{"rendered":"\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u8c9d\u745e\u8b66\u544a1987\u5d29\u76e4\u91cd\u6f14\u53ef\u4fe1\u55ce\uff1f \u5c08\u5bb6\uff1a\u300c\u842c\u5e74\u7a7a\u982d\u300d\u5ffd\u7565\u7f8e\u80a1\u91cd\u8981\u4e8b\u5be6"},"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>\n<\/p>\n\n\n<p>\n<a href=\"https:\/\/uc.udn.com.tw\/photo\/t3\/2026\/08\/08\/35213031.jpg\">\n<img decoding=\"async\" src=\"https:\/\/uc.udn.com.tw\/photo\/t3\/2026\/08\/08\/35213031.jpg\" style=\"max-width:100%;\">\n<\/a>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n\u8a55\u8ad6\u8005\u8a8d\u70ba\uff0c\u5c0d\u7f8e\u80a1\u5f8c\u5e02\u7e3d\u662f\u60b2\u89c0\u7684\u300c\u842c\u5e74\u7a7a\u982d\u300d\uff0c\u5f80\u5f80\u5ffd\u7565\u4e00\u500b\u91cd\u8981\u4e8b\u5be6\uff1a\u5927\u8dcc\u5f8c\uff0c\u672a\u4f86\u6703\u6f32\u66f4\u591a\u3002\u6b50\u65b0\u793e<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n<\/p>\n\n\n<p>\n\u96fb\u5f71\u300c\u5927\u8ce3\u7a7a\u300d\u539f\u578b\u4eba\u7269\u8c9d\u745e5\u65e5\u8b66\u544a\uff0c\u6a19\u666e500\u6307\u6578\u518d\u767b\u65b0\u9ad8\u5cf0\u53ef\u80fd\u986f\u793a\u300c\u7f8e\u80a1\u63a5\u8fd1\u91cd\u5927\u982d\u90e8\u300d\uff0c\u610f\u5473\u985e\u4f3c1987\u5e74\u83ef\u723e\u8857\u5d29\u76e4\u53ef\u80fd\u5c3e\u96a8\u800c\u81f3\u3002\u4f46\u8a55\u8ad6\u8005\u8a8d\u70ba\uff0c\u5c0d\u5f8c\u5e02\u7e3d\u662f\u60b2\u89c0\u7684\u300c\u842c\u5e74\u7a7a\u982d\u300d\uff08permabear\uff09\uff0c\u5ffd\u7565\u7f8e\u570b\u80a1\u5e02\u4e00\u500b\u91cd\u8981\u4e8b\u5be6\uff1a\u5927\u8dcc\u4e4b\u5f8c\uff0c\u672a\u4f86\u6703\u6f32\u5f97\u66f4\u591a\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<\/p>\n\n\n<p>\n1987\u5e7410\u670819\u65e5\uff0c\u9053\u74ca\u5de5\u696d\u6307\u6578\u5d29\u8dcc22.6%\uff0c\u81f3\u4eca\u4ecd\u662f\u7f8e\u80a1\u55ae\u65e5\u6700\u5927\u8dcc\u5e45\u7d00\u9304\uff0c\u53f2\u7a31\u300c\u9ed1\u8272\u661f\u671f\u4e00\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<\/p>\n\n\n<p>\n\u6a19\u666e500\u6307\u6578\u672c\u5468\u518d\u5275\u6b77\u53f2\u65b0\u9ad8\uff0c\u662f\u904e\u53bb\u5169\u500b\u6708\u4f86\u9996\u898b\u3002\u8207\u6b64\u540c\u6642\uff0c\u4fd7\u7a31\u83ef\u723e\u8857\u300c\u6050\u614c\u6307\u6578\u300d\u7684\u829d\u52a0\u54e5\u9078\u64c7\u6b0a\u4ea4\u6613\u6240\uff08CBOE\uff09\u6ce2\u52d5\u7387\u6307\u6578\uff08VIX\uff09\u5247\u5927\u5e45\u4e0b\u6ed1\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<\/p>\n\n\n<p>\n\u8c9d\u745e\u898b\u72c0\u5728\u500b\u4eba\u96fb\u5b50\u5831\u5e73\u53f0\u767c\u6587\u8aaa\uff1a\u300c\u5e02\u5834\u4e4b\u6240\u4ee5\u4e0a\u6f32\uff0c\u662f\u56e0\u70ba\u6ce2\u52d5\u7387\u6e1b\u5f31\u8feb\u4f7f\u6ce2\u52d5\u7387\u76ee\u6a19\u57fa\u91d1\uff08volatility-targeting fund\uff09\u63d0\u9ad8\u69d3\u687f\uff0c\u4e26\u5e36\u52d5\u5176\u4ed6\u52d5\u80fd\u7b56\u7565\u904b\u7528\u7684\u69d3\u687f\u3002\u300d\u4ed6\u6307\u7684\u662f\u907f\u96aa\u57fa\u91d1\u548c\u5176\u4ed6\u5927\u578b\u6295\u8cc7\u4eba\u904b\u7528\u7684\u7cfb\u7d71\u7b56\u7565\uff0c\u9019\u4e9b\u6295\u8cc7\u7b56\u7565\u6703\u5728\u5e02\u5834\u6ce2\u52d5\u7387\u964d\u4f4e\u6642\u81ea\u52d5\u52a0\u78bc\u8cb7\u9032\uff1b\u82e5\u6ce2\u52d5\u7387\u8e8d\u5347\uff0c\u5c31\u8fc5\u901f\u6e1b\u78bc\uff0c\u5c0e\u81f4\u80a1\u50f9\u4e0b\u8dcc\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<\/p>\n\n\n<p>\n\u5f6d\u535a\u8cc7\u8a0a\u5c08\u6b04\u4f5c\u5bb6\u674e\u6587\uff08Jonathan Levin\uff09\u6307\u51fa\uff0c\u805a\u7126\u6ce2\u52d5\u7387\uff0c\u5f37\u5316\u82071987\u5e74\u7f8e\u80a1\u5d29\u8dcc\u7684\u806f\u60f3\uff0c\u7576\u5e74\u5e02\u5834\u4e5f\u76db\u884c\u4e00\u7a2e\u7a31\u70ba\u6295\u8cc7\u7d44\u5408\u4fdd\u96aa\uff08portfolio insurance\uff09\u7684\u64cd\u4f5c\u7b56\u7565\uff0c\uff0c\u7d50\u679c\u5f62\u6210\u60e1\u6027\u7684\u53cd\u994b\u8ff4\u5708\uff0c\u6700\u7d42\u5c0e\u81f4\u5e02\u5834\u8f5f\u7136\u5d29\u584c\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<\/p>\n\n\n<p>\n\u674e\u6587\u8a8d\u70ba\uff0c\u8c9d\u745e\u793a\u8b66\u63d0\u9192\u76e3\u7ba1\u7576\u5c40\u63d0\u9ad8\u8b66\u89ba\uff0c\u9632\u7bc4\u9019\u7a2e\u6295\u8cc7\u7b56\u7565\u53ef\u80fd\u5f15\u767c\u7684\u7cfb\u7d71\u6027\u98a8\u96aa&#8211;\u4e00\u65e6\u767c\u751f\u706b\u8b66\uff0c\u6240\u6709\u4eba\u70ba\u4e86\u9003\u547d\uff0c\u6703\u540c\u6642\u722d\u5148\u6050\u5f8c\u596a\u9580\u800c\u51fa\u3002\u4f46\u82e5\u628a\u8c9d\u745e\u7684\u8b66\u8a9e\u7576\u4f5c\u300c\u5e02\u5834\u64c7\u6642\u300d\uff08market timing\uff09\u53c3\u8003\uff0c\u6216\u8a31\u5b8c\u5168\u6c92\u7528\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<\/p>\n\n\n<p>\n\u56e0\u70ba\u80a1\u5e02\u9583\u5d29\u82e5\u662f\u53d7\u5e02\u5834\u5167\u90e8\u52d5\u80fd\u9a45\u52d5\uff0c\u901a\u5e38\u50be\u5411\u6025\u907d\u53cd\u5f48\uff0c\u5728\u57fa\u672c\u9762\u5982\u4eca\u65e5\u9019\u9ebc\u5f37\u7684\u60c5\u6cc1\u4e0b\u5c24\u7136\u3002\u8c9d\u745e\u63d0\u52301987\u5e74\u7f8e\u80a1\u6454\u5f97\u5f88\u91cd\uff0c\u4f46\u4ed6\u6c92\u8aaa\u7684\u662f\uff0c\u7f8e\u80a1\u57281988\u5e74\u99ac\u4e0a\u53cd\u64b2\uff0c\u800c\u4e14\u57281989\u5e74\u6301\u7e8c\u8fed\u5275\u65b0\u9ad8\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<\/p>\n\n\n<p>\n\u5c31\u7b97\u6295\u8cc7\u4eba\u6642\u6a5f\u6390\u5f88\u6e96\uff0c\u5728\u300c\u9ed1\u8272\u661f\u671f\u4e00\u300d\u524d\u5915\u5c31\u8ce3\u80a1\u96e2\u5834\uff0c\u4e5f\u4e0d\u592a\u6709\u7528\uff0c\u9664\u975e\u4e5f\u80fd\u795e\u6e96\u6293\u4f4f\u91cd\u8fd4\u5e02\u5834\u7684\u6642\u6a5f\uff0c\u4f46\u9019\u5c0d\u300c\u842c\u5e74\u7a7a\u982d\u300d\u800c\u8a00\u662f\u5f31\u9805\u3002\u6bd4\u8d77\u4f01\u5716\u6293\u300c\u4f4e\u8cb7\u3001\u9ad8\u8ce3\u300d\u7684\u6642\u9593\u9ede\uff0c\u300c\u9577\u671f\u6295\u8cc7\u300d\u65b9\u70ba\u826f\u7b56\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<\/p>\n\n\n<p>\n\u7576\u7136\uff0c\u76ee\u524d\u7f8e\u80a1\u6a19\u666e500\u6307\u6578\u672c\u76ca\u6bd4\u5df2\u6f32\u4e0a\u6b77\u53f2\u9ad8\u9ede\uff0c\u4f46\u4ecd\u6709\u7a69\u56fa\u7684\u57fa\u672c\u9762\u652f\u6490\uff0c\u7279\u5225\u662f\u4e00\u4e9b\u4f01\u696d\u7684\u7372\u5229\u52d5\u80fd\u582a\u7a31\u8a18\u61b6\u6240\u53ca\u6700\u5f37\u3002\u800c\u6b77\u53f2\u986f\u793a\uff0c\u7a7a\u524d\u65b0\u9ad8\u5f80\u5f80\u6703\u7522\u751f\u66f4\u591a\u7684\u7a7a\u524d\u65b0\u9ad8\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<\/p>\n\n\n<p>\n\u674e\u6587\u7684\u7d50\u8ad6\u662f\uff1a\u6295\u8cc7\u4eba\u8a55\u4f30\u98a8\u96aa\u662f\u6b63\u78ba\u7684\uff0c\u4f46\u300c\u842c\u5e74\u7a7a\u982d\u300d\u7684\u672b\u65e5\u8b66\u8a9e\u932f\u8aa4\u7387\u9060\u9ad8\u65bc\u547d\u4e2d\u7387\u3002\u53ef\u628a\u4ed6\u5011\u7684\u8b66\u544a\u7576\u4f5c\u53c3\u8003\uff0c\u4f46\u6c92\u5fc5\u8981\u5949\u70ba\u795e\u8aed\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<\/p>\n\n\n<p>\n2026\/08\/09 04:30<\/p>\n\n\n<p>\n\u8f49\u8f09\u81ea\u806f\u5408\u65b0\u805e\u7db2: https:\/\/udn.com\/news\/story\/6811\/9679580?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-10410691\"><div class=\"ultp-block-content-wrap\"><div class=\"ultp-block-content\"><h3 class=\"ultp-block-title \"><a href=\"https:\/\/twkeypoint.com\/index.php\/2026\/08\/09\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e5%b9%b4%e7%b4%80%e6%af%94%e5%ad%b8%e7%94%9f%e9%82%84%e5%b0%8f%ef%bc%8118%e6%ad%b2%e5%a4%a9%e6%89%8d%e5%b0%91%e5%b9%b4%e6%88%90\/\" >\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u5e74\u7d00\u6bd4\u5b78\u751f\u9084\u5c0f\uff0118\u6b72\u5929\u624d\u5c11\u5e74\u6210\u300c\u6700\u5e74\u8f15\u6559\u6388\u300d\u3000\u5237\u65b0\u91d1\u6c0f\u4e16\u754c\u7d00\u9304<\/a><\/h3><\/div><\/div><\/div><div class=\"ultp-block-item ultp-block-media post-id-10410688\"><div class=\"ultp-block-content-wrap\"><div class=\"ultp-block-content\"><h3 class=\"ultp-block-title \"><a href=\"https:\/\/twkeypoint.com\/index.php\/2026\/08\/09\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e6%9d%ad%e5%b7%9e%e3%80%8c%e7%b5%95%e4%bb%a3%e9%9b%99%e9%a9%95%e3%80%8d%e5%90%88%e9%ab%94%e5%bc%95%e7%86%b1%e8%ad%b0-deepseek%e6%88%b0\/\" >\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u676d\u5dde\u300c\u7d55\u4ee3\u96d9\u9a55\u300d\u5408\u9ad4\u5f15\u71b1\u8b70 Deepseek\u6230\u6295\u5b87\u6a39\u79d1\u6280 \u9396\u5b9a\u5177\u8eab\u667a\u80fd<\/a><\/h3><\/div><\/div><\/div><div class=\"ultp-block-item ultp-block-media post-id-10410685\"><div class=\"ultp-block-content-wrap\"><div class=\"ultp-block-content\"><h3 class=\"ultp-block-title \"><a href=\"https:\/\/twkeypoint.com\/index.php\/2026\/08\/09\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e9%a6%99%e6%b8%af%e9%a0%90%e8%a8%889%e6%9c%88%e7%99%bc%e8%a1%a8%e9%a6%96%e4%bb%bd%e4%ba%94%e5%b9%b4%e8%a6%8f%e5%8a%83-%e5%85%a9-2\/\" >\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u9999\u6e2f\u9810\u8a089\u6708\u767c\u8868\u9996\u4efd\u4e94\u5e74\u898f\u5283 \u5169\u6210\u53d7\u8a2a\u9752\u5e74\u7a31\u4e0d\u77e5<\/a><\/h3><\/div><\/div><\/div><div class=\"ultp-block-item ultp-block-media post-id-10410682\"><div class=\"ultp-block-content-wrap\"><div class=\"ultp-block-content\"><h3 class=\"ultp-block-title \"><a href=\"https:\/\/twkeypoint.com\/index.php\/2026\/08\/09\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e8%b6%b3%e7%90%83%ef%bc%8f%e9%9f%93%e8%b6%b3%e5%8d%94%e7%88%8615%e5%b9%b4%e5%89%8d%e6%80%a7%e6%8b%9b%e5%be%85%e5%a4%96%e7%b1%8d\/\" >\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u8db3\u7403\uff0f\u97d3\u8db3\u5354\u720615\u5e74\u524d\u6027\u62db\u5f85\u5916\u7c4d\u88c1\u5224 \u6d89\u68487\u5834\u6bd4\u8cfd\u96f6\u6557\u4ed7<\/a><\/h3><\/div><\/div><\/div><div class=\"ultp-block-item ultp-block-media post-id-10410679\"><div class=\"ultp-block-content-wrap\"><div class=\"ultp-block-content\"><h3 class=\"ultp-block-title \"><a href=\"https:\/\/twkeypoint.com\/index.php\/2026\/08\/09\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e9%80%9a%e8%86%a8%e9%a2%a8%e9%9a%aa%e5%8f%af%e6%8e%a7-%e6%8a%95%e8%b3%87%e5%9b%9e%e6%ad%b8%e4%bc%81%e6%a5%ad%e7%8d%b2%e5%88%a9-2\/\" >\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u901a\u81a8\u98a8\u96aa\u53ef\u63a7 \u6295\u8cc7\u56de\u6b78\u4f01\u696d\u7372\u5229<\/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-10410691\"><div class=\"ultp-block-content-wrap\"><div class=\"ultp-block-content\"><h3 class=\"ultp-block-title \"><a href=\"https:\/\/twkeypoint.com\/index.php\/2026\/08\/09\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e5%b9%b4%e7%b4%80%e6%af%94%e5%ad%b8%e7%94%9f%e9%82%84%e5%b0%8f%ef%bc%8118%e6%ad%b2%e5%a4%a9%e6%89%8d%e5%b0%91%e5%b9%b4%e6%88%90\/\" >\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u5e74\u7d00\u6bd4\u5b78\u751f\u9084\u5c0f\uff0118\u6b72\u5929\u624d\u5c11\u5e74\u6210\u300c\u6700\u5e74\u8f15\u6559\u6388\u300d\u3000\u5237\u65b0\u91d1\u6c0f\u4e16\u754c\u7d00\u9304<\/a><\/h3><\/div><\/div><\/div><div class=\"ultp-block-item ultp-block-media post-id-10410688\"><div 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href=\"https:\/\/twkeypoint.com\/index.php\/2026\/08\/09\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e9%a6%99%e6%b8%af%e9%a0%90%e8%a8%889%e6%9c%88%e7%99%bc%e8%a1%a8%e9%a6%96%e4%bb%bd%e4%ba%94%e5%b9%b4%e8%a6%8f%e5%8a%83-%e5%85%a9-2\/\" >\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u9999\u6e2f\u9810\u8a089\u6708\u767c\u8868\u9996\u4efd\u4e94\u5e74\u898f\u5283 \u5169\u6210\u53d7\u8a2a\u9752\u5e74\u7a31\u4e0d\u77e5<\/a><\/h3><\/div><\/div><\/div><div class=\"ultp-block-item ultp-block-media post-id-10410682\"><div class=\"ultp-block-content-wrap\"><div class=\"ultp-block-content\"><h3 class=\"ultp-block-title \"><a href=\"https:\/\/twkeypoint.com\/index.php\/2026\/08\/09\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e8%b6%b3%e7%90%83%ef%bc%8f%e9%9f%93%e8%b6%b3%e5%8d%94%e7%88%8615%e5%b9%b4%e5%89%8d%e6%80%a7%e6%8b%9b%e5%be%85%e5%a4%96%e7%b1%8d\/\" >\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u8db3\u7403\uff0f\u97d3\u8db3\u5354\u720615\u5e74\u524d\u6027\u62db\u5f85\u5916\u7c4d\u88c1\u5224 \u6d89\u68487\u5834\u6bd4\u8cfd\u96f6\u6557\u4ed7<\/a><\/h3><\/div><\/div><\/div><div class=\"ultp-block-item ultp-block-media post-id-10410679\"><div class=\"ultp-block-content-wrap\"><div class=\"ultp-block-content\"><h3 class=\"ultp-block-title \"><a href=\"https:\/\/twkeypoint.com\/index.php\/2026\/08\/09\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e9%80%9a%e8%86%a8%e9%a2%a8%e9%9a%aa%e5%8f%af%e6%8e%a7-%e6%8a%95%e8%b3%87%e5%9b%9e%e6%ad%b8%e4%bc%81%e6%a5%ad%e7%8d%b2%e5%88%a9-2\/\" >\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u901a\u81a8\u98a8\u96aa\u53ef\u63a7 \u6295\u8cc7\u56de\u6b78\u4f01\u696d\u7372\u5229<\/a><\/h3><\/div><\/div><\/div><\/div><\/div><div class=\"pagination-block-html\" aria-hidden=\"true\" style=\"display: none;\"><\/div><\/div>\n\n<hr class=\"wp-block-separator\"\/>\n\n<div id=\"point4\"  class=\"ultp-post-grid-block wp-block-ultimate-post-post-grid-2 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-style15 ultp-heading-center\"><h2 class=\"ultp-heading-inner\"><span>Post gallery<\/span><\/h2><\/div><\/div><\/div><div class=\"ultp-block-items-wrap ultp-block-row\"><div class=\"ultp-block-item post-id-9510454\"><div class=\"ultp-block-content-wrap ultp-block-content-overlay\"><div class=\"ultp-block-image ultp-block-image-zoomOut\"><a href=\"https:\/\/twkeypoint.com\/index.php\/2025\/06\/30\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e5%af%a9%e6%9f%a5%e5%8d%a1%e9%97%9c%e3%80%81%e9%bb%91%e5%b8%82%e5%a3%af%e5%a4%a7%e3%80%80%e7%b6%b2%e6%b0%91%e8%ab%b7%e5%8f%8d%e8%8f%b8\/\" ><img decoding=\"async\"  alt=\"\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u5be9\u67e5\u5361\u95dc\u3001\u9ed1\u5e02\u58ef\u5927\u3000\u7db2\u6c11\u8af7\u53cd\u83f8\u5718\u9ad4\u6210\u300c\u7d19\u83f8\u4fdd\u6bcd\u300d\u64cb\u52a0\u71b1\u83f8\u4e0a\u8def\"  src=\"https:\/\/twkeypoint.com\/wp-content\/uploads\/2025\/06\/12262-545-870x570.jpg\" \/><\/a><\/div><div class=\"ultp-block-content ultp-block-content-bottomPosition\"><div class=\"ultp-block-content-inner\"><\/div><\/div><\/div><\/div><div 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href=\"https:\/\/twkeypoint.com\/index.php\/2026\/08\/04\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e6%af%92%e6%b2%b9%e9%a2%a8%e6%9a%b4-%e4%bd%a0%e8%a6%ba%e5%be%97%e5%8f%b0%e7%b3%96%e6%9c%89%e9%80%9a%e5%a0%b1%e7%be%a9%e5%8b%99\/\" ><img decoding=\"async\"  alt=\"\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u6bd2\u6cb9\u98a8\u66b4 \u4f60\u89ba\u5f97\u53f0\u7cd6\u6709\u901a\u5831\u7fa9\u52d9\u55ce\uff1f\u6700\u65b0\u7db2\u8def\u6295\u7968\u4e00\u9762\u5012\"  src=\"https:\/\/twkeypoint.com\/wp-content\/uploads\/2026\/08\/chinatime_figure-654.jpg\" \/><\/a><\/div><div class=\"ultp-block-content ultp-block-content-bottomPosition\"><div class=\"ultp-block-content-inner\"><\/div><\/div><\/div><\/div><div class=\"ultp-block-item post-id-10410159\"><div class=\"ultp-block-content-wrap ultp-block-content-overlay\"><div class=\"ultp-block-image ultp-block-image-zoomOut\"><a 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