{"id":10840,"date":"2023-04-14T14:37:17","date_gmt":"2023-04-14T06:37:17","guid":{"rendered":"https:\/\/www.oneplatform.com.hk\/blog\/unleashing-the-power-of-chinas-consumer-market-consumer-funds-explained\/"},"modified":"2023-04-14T15:44:34","modified_gmt":"2023-04-14T07:44:34","slug":"unleashing-the-power-of-chinas-consumer-market-consumer-funds-explained","status":"publish","type":"curate","link":"https:\/\/dtgs-p1-1pwhs-wps-01.azurewebsites.net\/zh-hant\/blog\/unleashing-the-power-of-chinas-consumer-market-consumer-funds-explained\/","title":{"rendered":"<strong>\u4e2d\u570b\u6d88\u8cbb\u5e02\u5834\u7684\u767c\u5c55\u6f5b\u529b &#8211; \u89e3\u8aaa\u6d88\u8cbb\u57fa\u91d1<\/strong>"},"content":{"rendered":"\n<p>\u96a8\u8457\u4e16\u754c\u75ab\u60c5\u4e2d\u5fa9\u7526\uff0c\u6295\u8cc7\u8005\u7684\u95dc\u6ce8\u7126\u9ede\u5df2\u8f49\u5411\u7d93\u6fdf\u5fa9\u7526\u6240\u5e36\u4f86\u7684\u6a5f\u9047\uff0c\u7279\u5225\u662f\u4ee5\u4e2d\u570b\u70ba\u9996\u7684\u4e9e\u6d32\u5730\u5340\u3002\u9019\u6709\u6a5f\u6703\u70ba\u6355\u6349\u8a72\u5730\u5340\u589e\u9577\u6f5b\u529b\u7684\u6d88\u8cbb\u57fa\u91d1\u5275\u9020\u4e86\u826f\u597d\u7684\u689d\u4ef6\u3002<\/p>\n\n\n\n<p>\u4eca\u5929\uff0c\u6211\u5011\u6703\u63a2\u8a0e\u4e9e\u6d32\u6d88\u8cbb\u677f\u584a\u7684\u4e94\u500b\u6f5b\u5728\u767c\u5c55\u52d5\u529b\uff0c\u5305\u62ec\u4e2d\u570b\u6d88\u8cbb\u958b\u652f\u7684\u56de\u5347\u3001\u4e2d\u570b\u901a\u8139\u7387\u53ef\u63a7\u3001\u4e2d\u570b\u653f\u5e9c\u5c07\u6d88\u8cbb\u5fa9\u7526\u8996\u70ba\u653f\u7b56\u91cd\u9ede\u3001\u4e2d\u570b\u5e02\u5834\u6d41\u52d5\u6027\u6709\u671b\u63d0\u9ad8\u4ee5\u53ca\u4e9e\u6d32\u76f8\u5c0d\u65bc\u5df2\u767c\u5c55\u5e02\u5834\u4ecd\u8655\u65bc\u6298\u8b93\u7684\u4e8b\u5be6\u3002\u6211\u5011\u9084\u6703\u63a2\u8a0e\u6d88\u8cbb\u57fa\u91d1\u7684\u6027\u8cea\u4ee5\u53ca\u5b83\u5011<strong>\u53ef\u80fd\u5e36\u4f86\u7684<\/strong>\u6a5f\u9047\u3002<\/p>\n\n\n\n<p><strong><strong>\u4e9e\u6d32\u53ca\u4e2d\u570b\u7684\u6d88\u8cbb\u677f\u584a\u7684\u767c\u5c55\u6f5b\u80fd<\/strong><\/strong><\/p>\n\n\n\n<p><strong>1. 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class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.oneplatform.com.hk\/media\/2023\/04\/2-1024x621.jpg\" alt=\"\" class=\"wp-image-10827\"\/><\/figure>\n\n\n\n<p><strong>2. \u4e2d\u570b\u653f\u5e9c\u5c07\u6d88\u8cbb\u5fa9\u7526\u5217\u70ba\u91cd\u9ede<\/strong><\/p>\n\n\n\n<p>\u4e2d\u570b\u653f\u5e9c\u6b63\u628a\u6062\u5fa9\u548c\u64f4\u5927\u6d88\u8cbb\u5217\u70ba\u91cd\u9ede\uff0c\u81f4\u529b\u65bc\u523a\u6fc0\u7d93\u6fdf\u548c\u4fc3\u9032\u5c31\u696d\u589e\u52a0\u3002\u674e\u514b\u5f37\u7e3d\u7406\u5728\u7b2c\u5341\u56db\u5c46\u5168\u570b\u4eba\u6c11\u4ee3\u8868\u5927\u6703\u4e0a\u5f37\u8abf\uff0c\u7dad\u6301\u7d93\u6fdf\u7a69\u5b9a\u548c\u4fc3\u9032\u6d88\u8cbb\u975e\u5e38\u91cd\u8981\u6027\u3002\u4ed6\u7279\u5225\u63d0\u5230\uff0c\u4eca\u5e74\u8981\u5275\u9020\u7d041200\u842c\u500b\u57ce\u5e02\u5c31\u696d\u5d17\u4f4d\uff0c\u6bd4\u524d\u4e00\u5e74\u81f3\u5c111100\u842c\u7684\u76ee\u6a19\u6709\u986f\u8457\u589e\u52a0[3]\u3002<\/p>\n\n\n\n<p><strong>3: 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class=\"wp-image-10830\"\/><\/figure>\n\n\n\n<p><strong>4: \u4e2d\u570b\u5e02\u5834\u6d41\u52d5\u6027\u6709\u671b\u63d0\u9ad8<\/strong><\/p>\n\n\n\n<p>\u4e2d\u570b\u592e\u884c\u5b98\u54e1\u627f\u8afe\u53ca\u6642\u3001\u9069\u7576\u5730\u8abf\u6574\u8ca8\u5e63\u653f\u7b56\uff0c\u4ee5\u652f\u6301\u570b\u5bb6\u5f9e\u75ab\u60c5\u5f15\u767c\u7684\u7d93\u6fdf\u8870\u9000\u4e2d\u5fa9\u7526\u3002\u4e2d\u570b\u592e\u884c\u9ad8\u5c64\u8868\u793a\uff0c\u964d\u4f4e\u9280\u884c\u5b58\u6b3e\u6e96\u5099\u91d1\u7387\u80fd\u6709\u6548\u91cb\u653e\u9577\u671f\u6d41\u52d5\u6027\u4ee5\u652f\u6301\u7d93\u6fdf\uff0c\u6709\u6a5f\u6703\u70ba\u5c0b\u6c42\u6295\u8cc7\u8a72\u5730\u5340\u7684\u6295\u8cc7\u8005\u5275\u9020\u4e86\u6709\u5229\u7684\u6295\u8cc7\u74b0\u5883[6]\u3002<\/p>\n\n\n\n<p><strong>5: \u8207\u767c\u9054\u570b\u5bb6\u76f8\u6bd4\uff0c\u4e9e\u6d32\u5e02\u5834\u4ecd\u88ab\u4f4e\u4f30<\/strong><\/p>\n\n\n\n<p>\u622a\u81f32023\u5e742\u6708\uff0cMSCI\u4e9e\u6d32\uff08\u4e0d\u5305\u62ec\u65e5\u672c\uff09\u6307\u6578\u7684\u9810\u671f\u5e02\u76c8\u7387\uff08P\/E\uff09\u70ba12.7\uff0c\u800cMSCI\u7f8e\u570b\u6307\u6578\u7684\u9810\u671f\u5e02\u76c8\u7387\u70ba17.99[7]\u3002\u9019\u8868\u660e\u4e9e\u6d32\uff08\u4e0d\u5305\u62ec\u65e5\u672c\uff09\u5e02\u5834\u76ee\u524d\u7684\u4f30\u503c\u76f8\u5c0d\u65bc\u7f8e\u570b\u5e02\u5834\u8f03\u4f4e\u3002\u9019\u5c0d\u65bc\u5c0b\u6c42\u6355\u6349\u4e9e\u6d32\u5e02\u5834\u589e\u9577\u6f5b\u529b\u7684\u6295\u8cc7\u8005\u4f86\u8aaa\u662f\u76f8\u7576\u5438\u5f15\u7684\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.oneplatform.com.hk\/media\/2023\/04\/4-1024x621.jpg\" alt=\"\" class=\"wp-image-10833\"\/><\/figure>\n\n\n\n<p><strong><strong>\u4ec0\u9ebc\u662f\u6d88\u8cbb\u57fa\u91d1<\/strong><\/strong><\/p>\n\n\n\n<p>\u6d88\u8cbb\u57fa\u91d1\u662f\u5c08\u9580\u6295\u8cc7\u65bc\u70ba\u65e5\u5e38\u6d88\u8cbb\u8005\u63d0\u4f9b\u5546\u54c1\u548c\u670d\u52d9\u7684\u516c\u53f8\u7684\u6295\u8cc7\u5de5\u5177\u3002\u9019\u4e9b\u57fa\u91d1\u6295\u8cc7\u65bc\u773e\u591a\u884c\u696d\uff0c\u5982\u96f6\u552e\u3001\u91ab\u7642\u4fdd\u5065\u3001\u98df\u54c1\u548c\u98f2\u6599\u4ee5\u53ca\u5a1b\u6a02\u3002\u6d88\u8cbb\u57fa\u91d1\u7684\u6027\u8cea\u4f7f\u5176\u80fd\u5920\u6355\u6349\u6295\u8cc7\u6a5f\u6703\uff0c\u5b83\u5011\u6709\u6a5f\u6703\u70ba\u6295\u8cc7\u8005\u63d0\u4f9b\u4e86\u6295\u8cc7\u53ef\u53d7\u76ca\u65bc\u6d88\u8cbb\u8da8\u52e2\u5fa9\u7526\u7684\u516c\u53f8\u7684\u9014\u5f91\u3002<\/p>\n\n\n\n<p>\u5982\u679c\u60a8\u60f3\u4e86\u89e3\u66f4\u591a\u6d88\u8cbb\u52d5\u529b\u57fa\u91d1\u7684\u5e02\u5834\u6a5f\u9047\uff0c<\/p>\n\n\n\n<ul>\n<li>\u53ef\u9078\u64c7\u806f\u7d61\u95a3\u4e0b\u7684\u5c08\u5c6c\u7406\u8ca1\u9867\u554f\u6216<\/li>\n\n\n\n<li>\u5230\u6211\u5011\u7684\u7db2\u7ad9\u586b\u5beb\u500b\u4eba\u8cc7\u6599\uff0c\u6211\u5011\u5c07\u6709\u5c08\u4eba\u8207\u60a8\u806f\u7d61\u3002<\/li>\n<\/ul>\n\n\n\n<p>[1] \u8cc7\u6599\u4f86\u81ea HSBC Global Research; [2] \u8cc7\u6599\u4f86\u81ea Bloomberg; [3] \u8cc7\u6599\u4f86\u81ea Reuters; [4] \u8cc7\u6599\u4f86\u81ea reuters; [5] \u8cc7\u6599\u4f86\u81ea Yahoo News; [6] \u8cc7\u6599\u4f86\u81ea reuters; [7] \u8cc7\u6599\u4f86\u81ea MSCI Index<\/p>\n\n\n\n<p>#\u514d\u8cac\u8072\u660e\u548c\u6ce8\u610f\u4e8b\u9805<\/p>\n\n\n\n<p>\u6295\u8cc7\u6d89\u53ca\u98a8\u96aa\uff0c\u904e\u53bb\u7684\u8868\u73fe\u4e26\u4e0d\u4ee3\u8868\u672a\u4f86\u7684\u8868\u73fe\u3002\u672c\u6587\u5167\u5bb9\u50c5\u4f9b\u53c3\u8003\uff0c\u74b0\u4e00\u8cc7\u7522\u7ba1\u7406\u6709\u9650\u516c\u53f8\u4e0d\u5c0d\u56e0\u4efb\u4f55\u4eba\u4f7f\u7528\u6216\u8aa4\u7528\u4efb\u4f55\u4fe1\u606f\u6216\u5167\u5bb9\u6216\u4f9d\u8cf4\u5176\u800c\u9020\u6210\u7684\u4efb\u4f55\u640d\u5931\u6216\u640d\u5bb3\u627f\u64d4\u8cac\u4efb\u3002<\/p>\n\n\n\n<p>\u57fa\u91d1\u7522\u54c1\u53ca\u6295\u8cc7\u7d44\u5408\u7ba1\u7406\u670d\u52d9\u7531\u74b0\u4e00\u8cc7\u7522\u7ba1\u7406\u6709\u9650\u516c\u53f8\u5206\u92b7\u53ca\/\u6216\u63d0\u4f9b\uff0c\u74b0\u4e00\u8cc7\u7522\u7ba1\u7406\u6709\u9650\u516c\u53f8\u662f\u6301\u724c\u6cd5\u5718(\u8b49\u76e3\u6703\u4e2d\u592e\u7de8\u865f\uff1a AFQ784)\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u96a8\u8457\u4e16\u754c\u75ab\u60c5\u4e2d\u5fa9\u7526\uff0c\u6295\u8cc7\u8005\u7684\u95dc\u6ce8\u7126\u9ede\u5df2\u8f49\u5411\u7d93\u6fdf\u5fa9\u7526\u6240\u5e36\u4f86\u7684\u6a5f\u9047\uff0c\u7279\u5225\u662f\u4ee5\u4e2d\u570b\u70ba\u9996\u7684\u4e9e\u6d32\u5730\u5340\u3002\u9019\u6709\u6a5f\u6703\u70ba\u6355\u6349\u8a72\u5730 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