倅倝倉倇倥倸 490 "倆倉倉倏倩倸俺倨倉" 倄倡俷倴俱倕倆倦俷倅倸倢俷倱倄倉
倅倝倉倇倥倸 490 "倆倉倉倏倩倸俺倨倉" 倄倡俷倴俱倕倆倦俷倅倸倢俷倱倄倉
"倒値倉倄倥倇倥倸倴倄倹倓倩倹俸倡俱俴倸倠"
倚倗倥倸俸倧倸倝倲倛倓倗倒倧倸倉們倧倝倇倡俱倇倢倒
"倚倗倥倸俸倧倸倝倲倛倓倗 CEO 倊倓値候倡倇倌們" 俸倢俷倛倒倢俷倱倉倠倉倣
"倚倗倥倸俸倧倸倝倲倛倓倗 倒値倉倄倥倇倥倸倴倄倹倓倩倹俸倡俱俴倓倡倊" 倱俸倉俸倡倊們倧倝倚倗倥倸俸倧倸倝倲倛倓倗 倚倢倒倅倢倲倕們倰倕倥倒 "倰俴倒倴倄倹倒値倉倗倸倢倚倢倗俸倥倉俷倢們俸倢俱倐倢倒倳倉 倗倡倉倉倥倹倴倄倹倰倛倷倉俱倡倊倅倢 倅倠倕倦俷俸倓値俷倶 俴倓倡倊"
"俲倝倊俴倨倃俴倸倠"
倚倗倥倸俸倧倸倝倲倛倓倗倅倝倊倅倢們們倢倓倒倢倇
俸倢俷倛倒倢俷倄倩倉倢倜値俱倢 "倴個俴倨倒俱倡倉倇倥倸倓倹倢倉倰倆倝倠 倝倢倛倢倓俽倥倸個倨倸倉倓倝倉倢倉"
"倴個倶 倉倡倸俷俴倨倒俱倡倉"
倱俸倉倎倒倡俱倛倉倹倢倓倡倗倶
倚倗倥倸俸倧倸倝倲倛倓倗倎倒倡俱倛倉倹倢 倰個倕倥倸倒倉倰個倷倉倐倢候倢俸倥倉 "倗倡倉倉倥倹倗倡倉俴倓値倚倅值們倢倚 倰倄倥倻倒倗倝倝俱倴個倰倄値倉倰倕倸倉俱倡倉倉倠 俲倹倢俷倉倝俱俴倦俱俴倡俱們倢俱"
倱們倹俸倠倰個倷倉倰倇倘俱倢倕倍倓倡倸俷 倱倅倸倝値倇倈値倎倕倝倰們倓値俱倢們倡倉倕倹倉倲倕俱 俽倥倸個倨倸倉俱倷倓倡倊們倢倰倅倷們倶
俺値倊倩倒倸倢 俺値倉俸倩俱倨 俱値倉俻倸倢 個倓倠倄倡倊倴倏俴倓値倚倅值們倢倚倚倗倒俷倢們 俴倩倸倓倡俱倰倄値倉俱倡倉俲倗倡俱倴俲倸
倰倛倷倉俸倢俷倛倒倢俷倕倡俷倰倕 倚倗倥倸俸倧倸倝倲倛倓倗倊倸倉 "倰倕値俱倊倹倢俷倢倉倚倡俱倱個债倊倰倆倝倠 們倢倰倇倥倸倒倗倇倡倹俷倇倥 倌倸倝倉俴倕倢倒倊倹倢俷"
倰倈倝倗倸倢倰倈倝俲倒倡倉倱倕倹倗 俸倢俷倛倒倢俷俲倒倡倉俱倗倸倢
"倝倧們 倰倄倥倻倒倗倴個倰倄値倉倰倕倸倉俱倡倉"
俸倢俷倛倒倢俷倅俱倕俷
俴倓値倚倅值們倢倚俽倥倸個倨倸倉倊倓倓倒倢俱倢倘倄倥俸倓値俷倶 俺倢倅値倇倥倸倱倕倹倗倰俲倢倰俴倒倎倢倱倏倉倚倢倗俻倩倰個倝倓值倲們倰倄倕 俴倢倓值倕倥 俴倕倝倚 們倢倰倇倥倸倒倗 倰倈倝倒倡俷俺們倴們倸俲倢倄個倢俱
......
倲倅倰俱倥倒倗, 俺値倲倝倲倄倰們倠
SoftBank Group
倳倉俲倃倠倇倥倸俸倢俷倛倒倢俷俱倡倊倎倗俱俱倣倕倡俷俱値倉倝倢倛倢倓俽倥倸個倨倸倉 俻倉 們倢俻倢倲倒俺値 倒倡俷俴俷倝倄俲倹倢倗 倛倢倓倧倝倰俴倓倥倒倄俱倡倊 倝値倲倉倠倝倨倰倝倠 倲倇俺値俱値 倛倡倗倛倉倹倢倉倡俱倗値倰俴倓倢倠倛值俱倕倒倨倇倈值俱倢倓倕俷倇倨倉
"俸倢俷倛倒倢俷倰俱倸俷們倢俱 倱俴倸俴倓倦倸俷個倥俱倷倚倓倹倢俷俺倧倸倝倳倉俸倥倉 Caiyan.com 們倩倕俴倸倢倰俱値倉 5 倎倡倉倕倹倢倉倄倝倕倕倢倓值 倲倄倒倰俹倎倢倠 '倳倊倝倉倨俽倢倅俴倹倢倛倕倡俱倇倓倡倎倒值' 倇倥倸倅倥們倩倕俴倸倢倴倗倹倆倦俷 80%"
倝値倲倉倠倝倨倰倝倠倰倚倓値們 "倱倛倕倸俷俲倸倢倗倊倝俱倗倸倢倓倡倀倊倢倕俸倥倉俸倠倴們倸個倕倸倝倒倳倊倇倥倸倚倝俷倝倝俱們倢倰倓倷倗倶 倉倥倹 倉倥倸俴倧倝俲倹倝倴倄倹倰個倓倥倒倊倰倄倷倄俲倢倄"
俽倥倸個倨倸倉倝倒倩倸倳俱倕倹俸倥倉 倝値倲倉倠倝倨倰倝倠倅倹倝俷俸倡倊倅倢倄倩俸倥倉倰個倷倉倎値倰倘候
俻倉 們倢俻倢倲倒俺値倎倒倡俱倛倉倹倢 "俴倗倢們倚倢們倢倓倆俲倝俷俸倢俷倛倒倢俷俱倡倊倳倊倝倉倨俽倢倅俸倥倉 俴倧倝倚値倸俷倇倥倸倄倦俷倄倩倄倳俸倌們"
"倱倅倸..."
倰俲倢倰個倕倥倸倒倉倚倥倛倉倹倢 倱倗倗倅倢俱倡俷倗倕 "俸倢俷倛倒倢俷倇倠倰倒倝倇倠倒倢倉倰俱値倉倴個 倰俲倢俸倠倰俺倧倸倝們倅倕倢倄倛倨倹倉俸倥倉-俽倥倸個倨倸倉 俻倦倸俷倴個倰倛倒倥倒倊倅倢個倕倢倲倊倓俱倰俱倝倓值俽倥倸個倨倸倉倰倅倷們倶 倌們俱倕倡倗俸倠們倥個倡俽倛倢"
"Nomura 倳俺倸們倡倹倒俴倓倡倊?"
倝値倲倉倠倝倨倰倝倠倰倄倢倆倩俱倰個债倠
"倝倧們 倇倨倉倰倊倧倹倝俷倛倕倡俷 Nomura 倉倸倢俱倕倡倗們倢俱"
Mitsubishi UFJ Trust, Sumitomo Mitsui Trust, Mizuho Trust 3 倒倡俱候值倳倛俽倸倆倧倝倛倨倹倉 Nomura
倴倛倉俸倠倊倓値候倡倇個倓倠俱倡倉俺倥倗値倅倝倒倸倢俷 Nippon Life, Meiji Yasuda Life, Dai-ichi Life
倱倕倠倇倨倉倅倸倢俷俺倢倅値倝倒倸倢俷 JPMorgan, Goldman Sachs, BlackRock, Vanguard
Nomura 倰個倷倉倰倊倝倓值倛倉倦倸俷倴倄倹 倰倎倓倢倠倓倗們倘倩倉倒值倇倨倉倱倕倠俲倹倝們倩倕們倛倢倘倢倕倴倗倹倇倥倸倅倡倗倰倝俷
"倴個俷倡倄俲倹倝俱倡倊倎倗俱倰俲倢 倴倄倹倴們倸俴倨倹們倰倚倥倒 倱倅倸倌們們倥倴倝倰倄倥倒 倇倸倢倉個倓倠倈倢倉倕倝俷倎値俸倢倓倃倢倄倩" 倝値倲倉倠倝倨倰倝倠倕倄倰倚倥倒俷倅倸倣
"倗倸倢們倢"
倝値倲倉倠倝倨倰倝倠倒値倹們倰俸倹倢倰倕倸倛值 "倰倚倥倸倒俷倱倅俱倛倡俱倰倎倧倸倝倛倨倹倉 Caiyan.com 10% 們倡倉倴們倸俴倨倹們 倱倅倸倆倹倢倳俺倹俸倢俷倛倒倢俷倰個倷倉倛倡倗倛們倩倸倇倠倕倗俷倏倡倉倰個値倄倅倕倢倄俽倥倸個倨倸倉倳倛倹倰倓倢..."
俻倉 們倢俻倢倲倒俺値俲倡倄 "倉倢倒倛們倢倒倆倦俷 倰倓倢俸倠倰倝倢倱俴倸倚倸倗倉倱倊倸俷倅倕倢倄俽倥倸個倨倸倉?"
"倆倩俱倅倹倝俷俴倓倡倊 倇倸倢倉個倓倠倈倢倉倊倝俱倗倸倢俸倢俷倛倒倢俷俸倠倕俷們倢俴倨們倰倝俷 俴倗倢們倚倢們倢倓倆倰俲倢個倓倠俸倡俱候值倱倕倹倗 倰倓倢倝倢俸倳俺倹 '倚倡俽俽倢倰倄値們倎倡倉' 倳倛倹倰倓倢倴倄倹倰個倓倥倒倊倇倨俱個倓倠倅倩"
倚倡俽俽倢倰倄値們倎倡倉 (VAM) 俴倧倝倰俴倓倧倸倝俷們倧倝倲個倓倄俲倝俷倉倢倒倇倨倉 們倡倉俴倧倝俱倢倓 Hedging 俴倗倢們倰倚倥倸倒俷 + 倕倷倝俴俱倣倴倓
倰倛們倧倝倉倏値倗倰俸倝倓值倚 倰俱値倄們倢倰倎倧倸倝 Hedging 倱倕倠倕倷倝俴倓倢俴倢 倲倄倒倲倝倉俴倗倢們倰倚倥倸倒俷倴個倳倛倹倉倡俱倰俱倷俷俱倣倴倓
俴倉 Hedging 倄倩倰倛們倧倝倉倒倝們倰倚倥倒倰個倓倥倒倊 倱倅倸俸倓値俷倶倱倕倹倗倰俲倢倴倄倹俱倣倴倓倇倥倸倱倉倸倉倝倉
"倝倧們!!"
俻倉 們倢俻倢倲倒俺値倅倢倰個倷倉個倓倠俱倢倒 "俸倓値俷倄倹倗倒 倳倛倹倰俻倷倉倚倡俽俽倢倰倄値們倎倡倉!"
"俸倠倰俻倷倉倒倡俷倴俷?"
"倅倕倢倄俱倢倓倰俷値倉俸倥倉倒倡俷倴們倸倲倅倰倅倷們倇倥倸 倉倲倒倊倢倒倴們倸倱倉倸倉倝倉 倳俴倓俸倠倓倩倹倗倸倢倓倡倀倊倢倕俸倠個倕倸倝倒倳倊倝倉倨俽倢倅倰倎値倸們倰們倧倸倝倴倛倓倸?" 俻倉 們倢俻倢倲倒俺値倲倒倉俱倕倡倊 "倉倢倒倰個倷倉們倡倉倚們倝俷俲倝俷 SoftBank 倕倝俷倓倸倢俷倱倌倉們倢俻値"
"倝倧們..."
倝値倲倉倠倝倨倰倝倠俴倣倉倗倃倳倉俱倓倠倄倢候 "Caiyan.com 10% 倅倥們倩倕俴倸倢 500 倕倹倢倉倄倝倕倕倢倓值 倆倹倢倰俲倹倢倅倕倢倄倞倸倝俷俱俷倳倉倀倢倉倠 '倌倩倹倉倣倲倊倓俱倰俱倝倓值倝値倉倰倇倝倓值倰倉倷倅俸倥倉' Premium 倉倸倢俸倠 300-500% 俴倧倝 1.5 - 2.5 倎倡倉倕倹倢倉倄倝倕倕倢倓值 俷倡倹倉倰倓倢倅倥俱倕們倶 倇倥倸 2 倎倡倉倕倹倢倉倄倝倕倕倢倓值"
"倰倓倢倳倛倹倰俲倢倒倧們 2 倎倡倉倕倹倢倉倄倝倕倕倢倓值 倲倄倒俸倣倉倣倛倨倹倉 10% 倱倕倹倗倅倡倹俷倊倓値候倡倇倛倕倡俱倇倓倡倎倒值倳倛們倸倓倸倗們俱倡倉 倇倸倢倉個倓倠倈倢倉倆倧倝 51% 倰俲倢倆倧倝 49% 倆倹倢俸倢俷倛倒倢俷倇倣倳倛倹倊倓値候倡倇倅値倄 Top 5 俽倥倸個倨倸倉倴倄倹倐倢倒倳倉倰倗倕倢倇倥倸俱倣倛倉倄 倛倨倹倉 10% 俴倧倉倳倛倹倰俲倢 倰俷値倉俱倩倹 2 倎倡倉倕倹倢倉俴倧倉倱倊倊個倕倝倄倄倝俱倰倊倥倹倒 倰倓倢俱倷倴倄倹倊倓値候倡倇 Top 5 們倢倏倓倥倶"
"倆倹倢倇倣倴們倸倴倄倹倕倸倠?"
"倆倹倢倇倣倴們倸倴倄倹 倛倨倹倉 Caiyan.com 10% 倅俱倰個倷倉俲倝俷倰倓倢倏倓倥倶 倱倕倠倰俲倢倅倹倝俷俸倸倢倒俴倧倉倰俷値倉俱倩倹 2 倎倡倉倕倹倢倉倄倝倕倕倢倓值 倎倓倹倝們倄倝俱倰倊倥倹倒 3.25% 倅倸倝個倥 俸倉俱倗倸倢俸倠倛們倄"
俻倉 們倢俻倢倲倒俺値倒俱倆倹倗倒俺倢俲倦倹倉 倕倡俷倰倕 "倰俷倧倸倝倉倴俲倲倛倄俲倉倢倄倉倥倹 俸倢俷倛倒倢俷俸倠倒倝們倰倛倓倝?"
倴們倸倗倸倢俸倠倝倝俱倛倉倹倢倴倛倉 俻倉 們倢俻倢倲倒俺値俱倷俺倉倠
倱倅倸倆倹倢俸倢俷倛倒倢俷倱倎倹... 倰倚倥倒倛倨倹倉 10% 倏倓倥 倱倆們倰個倷倉倛倉倥倹 2 倎倡倉倕倹倢倉倄倝倕倕倢倓值 + 倄倝俱倰倊倥倹倒
"2 倎倡倉倕倹倢倉倄倝倕倕倢倓值倴們倸倳俺倸倰俷値倉倉倹倝倒倶 倇倡倸倗倲倕俱們倥倴們倸俱倥倸倊倓値候倡倇倇倥倸俸倸倢倒倴倛倗 倆倹倢倰俲倢倇倠倰倒倝倇倠倒倢倉俸倓値俷 倰俲倢倅倹倝俷倒倝們倰倚倥倸倒俷" 倝値倲倉倠倝倨倰倝倠們倡倸倉倳俸
"倱倉倸倉倝倉..."
"倆倹倢倰俲倢倴們倸倒倝們 倰倓倢俴倸倝倒倶 個倓倡倊倱俱倹倰俷倧倸倝倉倴俲 倈倨倓俱値俸俴倧倝俱倢倓倰俸倓俸倢 倴們倸倳俺倸俱倢倓倅倡倄倚値倉倳俸倗倩倸倗倢們 倇倸倢倉個倓倠倈倢倉倚倝倉倌們倰倚們倝"
俴倉倰倓倢倅倸倢俷俸値倅倅倸倢俷倳俸 俴倗倢們俲倡倄倱倒倹俷倰個倷倉倰倓倧倸倝俷個俱倅値
俱倢倓倛倢俸倨倄倚們倄倨倕俴倧倝倘値倕個倠
"倄倥!!"
俻倉 們倢俻倢倲倒俺値倎倒倡俱倛倉倹倢倎倝倳俸 "俴倧倉倉倥倹倕倣倊倢俱倛倉倸倝倒倉倠 倓倸倢俷倓倢倒倕倠倰倝倥倒倄倚倸俷倰俲倹倢倝倥倰們倕倌們"
"俴倓倡倊倇倸倢倉"
"倰倕値俱俷倢倉倰倆倝倠 俲倝倊倳俸們倢俱"
倝値倲倉倠倝倨倰倝倠倰倄値倉俸倢俱倴個
俻倉 們倢俻倢倲倒俺値倰個値倄倕値倹倉俺倡俱 倛倒値倊倱倏倹們俲倹倝們倩倕俸倢俷倛倒倢俷們倢倄倩
"俴倉倈倓倓們倄倢倇倥倸倴們倸們倥倱倊倷俴倝倡倎 倱倅倸倎倕値俱俺倥倗値倅倴倄倹倳倉倰倗倕倢倚倡倹倉倶 俸倢俷倛倒倢俷... 倉倢倒倝倢俸倇倣倳倛倹俹倡倉倰俻倝倓值倴倎倓倚值俸倓値俷倶 俱倷倴倄倹"
俱倢倓倕俷倇倨倉倅倕倢倄倱倓俱 倉倝俱俸倢俱倇値倘倇倢俷 倅倹倝俷倄倩 "俴倉"
俴倉俴倨們倊倡俷倰倛倥倒倉倰俱倸俷倛倓倧倝倴們倸 倆倹倢倴們倸倰俱倸俷 倅倸倝倳倛倹倇値倘倇倢俷倄倥俱倷倴個倴們倸倓倝倄
......
倳倉俲倃倠倇倥倸俻倉 們倢俻倢倲倒俺値倝倸倢倉個倓倠倗倡倅値俸倢俷倛倒倢俷 倝倨俸値倝値倰倝倠 俸倨倉倝値 個倓倠倈倢倉 Nomura Securities 俱倷倴倄倹倓倡倊倓倢倒俷倢倉倰倓倧倸倝俷俸倢俷倛倒倢俷倎倊俻倉 們倢俻倢倲倒俺値
倰俲倢倴們倸倓倝俺倹倢 倰倓倥倒俱個倓倠俺倨們俱倕倨倸們倇倨倉倰倊倧倹倝俷倛倕倡俷倇倡倉倇倥
倇倣倴們倅倹倝俷倅倧倸倉倅倩們?
倰倎倓倢倠俺倧倸倝倰倚倥倒俷俸倢俷倛倒倢俷們倡倉倄倡俷倰俱値倉倴個 倚倆値倅値 6.25 倕倹倢倉倰倇倸倢倳倉 9 倰倄倧倝倉 倚倧倸倝俽倥倸個倨倸倉倕俷俲倸倢倗俴倓倦俱倲俴倓們 倰們倸倢俽倥倸個倨倸倉倆倦俷俱倡倊倰個倕倥倸倒倉俺倧倸倝倰個倷倉 "Fuchun Road" 倰倎倧倸倝倰倝倢倰俴倕倷倄
俴倉倉倦俷們倥倰俷値倉倆倨俷倰俷値倉倆倡俷 倝倥俱俴倉們倥倎倓倚倗倓倓俴值倓倠倄倡倊個倥倘倢俸 倱倆們倰倎値倸俷倴倄倹倳倊倝倉倨俽倢倅俸倥倉 們倢倰俸倝俱倡倉... 俸倠倰俱値倄倝倠倴倓俲倦倹倉?
倝倨俸値倝値倰倝倠倴們倸倓倩倹
倱倅倸倰俲倢倆倩俱倚倝倉們倢倳倛倹倓倠倗倡俷倅倡倗 俴倗倢們倓倠們倡倄倓倠倗倡俷倉倥倸倱倛倕倠倇倥倸倇倣倳倛倹 Nomura 倒倧倉倛倉倦倸俷倳倉俽倥倸個倨倸倉 倰個倷倉 "倛倉倦倸俷們倛倢倝倣倉倢俸" 倇倸倢們俱倕倢俷俴倩倸倱俲倸俷