ZAIDAZONGSHANGPINDECELVESHANG，GUOJIDINGJITOUXINGZHIJIANCONGLAIDOUBUFAHAOXI，HUOTONGTAI“DUIQIA”，HUOJIANDING“SIDUO”、“SIKONG”RENZAIBEI“DALIAN”，HUOYIZHICHANGDUO、KANKONGDENG，RENAOFEIFAN。
JINNIANYILAI，MOGENDATONG、GAOSHENG、HUAQI、MAIGELIYINXINGYIJI“XINZHAIWANG”Jeffrey GundlachDENGZHONGDUODINGJIJIGOUFENFENBIAODALEDUIDAZONGSHANGPINDELEGUANYUQI，QIHUDAZONGSHANGPINCHUNTIANYIDAO。ZUOWEI“FENGXIANGBIAO”，ZHEIYICIGUOJITOUXINGDEYIZHIXINGQINGYANPANXINGWEISHIAN“CANG”MIAOJIHAISHIDUOTOUXIANJING？
多头阵营不断壮大
JINNIANYILAI，DAZONGSHANGPINDEDUOTOUZHENYINGBUDUANZHUANGDA，XINZHAIWANG、GAOSHENG、HUAQI、JIANENGKE、MOGENDATONGDENGFENFENYAOQILEDUOTOUDEQIZHI。
YOU“XINZHAIWANG”ZHICHENG、GUANLIYU1000YIMEIYUANZICHANDEDoubleLine CapitalSHOUXIZHIXINGGUANJeffrey GundlachCIQIANBIAOSHI，XINDEYINIANZUIJIATOUZICELVEJIUSHIPEIZHIDAZONGSHANGPIN，SHICHANGDEDALEIZICHANLUNDONGJIANGZAICIYINGLAIFENGGEQIEHUAN。
GAOSHENGDAZONGSHANGPINYANJIUQUANQIUZHUGUANJeff Currie2YUESHANGXUNCHENG，MUQIANQUANQIUJINGJIDEBIAOXIANWEIDAZONGSHANGPINCHUANGZAOLESHINIANYILAIZUIJIADECHIYOUSHIJI，YUANCAILIAOZAIJIAXIZHOUQIZHONGLIAOJIANGBIAOXIANCHUSE。HUAQIJITUANYEZAI2YUESHANGXUNFABUDEBAOGAOZHONG，JIANYITOUZIZHEZENGJIADUIGONGYEJINSHUDECHICANG。
SHANGPINMAOYIJUTOUJIANENGKEZAIQI2017NIANNIANBAOZHONGBIAOSHI：“QUANQIUJINGJITONGBUZENGZHANGDEQIANLI，TONGZHANGHUISHENGSHITOU，JUNDUIDAZONGSHANGPINDEJIBENMIANGOUCHENGZHICHENG，DIANDONGCHEDUIBUFENXIYOUJINSHUDEDALIANGXUQIUYEBIAOMINGSHANGPINSHICHANGQIANJINGBIJIAOLEGUAN。”
MOGENDATONGZUIXINDEYANJIUBAOGAOXIANSHI，MEIGUOZUIXINGONGBUDEGAOYUYUQIDEXINZISHUJUYIJIHEXINCPIDOUXIANSHICHUMEIGUOTONGZHANGSHUIPINGZOUQIANG。SHIJISHANG，BUJINSHIMEIGUO，DUODIQUTONGHUOPENGZHANGSHUIPINGSHANGSHENGDESHIDAIYIJINGDAOLAI，ZHEIDUIDAZONGSHANGPINERYANSHIYOULIDE。
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DUIYUCICIGUOJITOUXINGDEYIZHIKANDUOXINGWEI，HUNDUNTIANCHENG和记客服电话YANJIUYUANYUANZHANGYEYANWUZAIJIESHOUZHONGGUOZHENGQUANBAOJIZHECAIFANGSHIBIAOSHI，HUAERJIETOUXINGSHIYOUTAOZHENGTIDEFENXILUOJIKUANGJIA，BENZHISHANGKAN，CHUQUNONGCHANPIN(000061,GUBA)ZHIWAIDEDAZONGSHANGPINSHIZHOUQIXINGDEGONGYEPIN，ERGONGYEPINDEXUQIUDUANSHISUIZHEJINGJIBODONGERBODONGDE，JINGJICUNZAIZHOUQI，GONGYEPINJIAGEZIRANYEHUISUIZHEJINGJIZHOUQIERZHANGDIE。
激辩牛市成色
DANGQIANDEHONGGUANJINGJIDAHUANJINGSHIFOUZHICHI“DAZONGSHANGPINCHUNTIANYIDAO”ZHEIYISHUOFA？
ZAIYIDINGCHENGDUSHANG，DAZONGSHANGPINDEXUQIUKEYIYONGHONGGUANJINGJIDEXUQIULAIKEHUA。YEYANWUBIAOSHI，CONGQUANQIUHONGGUANJINGJIJIAODUKAN，RUGUOSHANGYILUNJINGJIZHOUQIZAIZHAIWUCENGMIANSHANGSHISIYINGBUMENGANGGANGUOGAO，ZAITONGZHANGSHANGZHANGJIZHAIQUANSHOUYILVTAISHENGDEGONGTONGZUOYONGXIA，DAOZHIDEQUGANGGANJINGJIWEIJI，ERJINGJIZHANGQIDEXIAXINGYUFUSU，JIUSHIQUANQIUZHENGFUTONGGUOYANGXINGJIAGANGGANPINGWENSIYINGBUMENDEQUGANGGANDEJINGJIXIAXINGGUOCHENG。XIANJIEDUAN，QUANQIUJINGJICONGSIYINGBUMENJIAODUKAN，YIWANCHENGLEQUGANGGAN，ZHENGCHUYUYANGXING（ZHENGFUBUMEN）QUGANGGANJIEDUAN，YUCIDUIYINGDEYEJIANGSHILILVDESHANGSHENGZHOUQI，ZAIJINGJIFUSUGUOCHENGZHONG，HONGGUANXUQIUJIANGTUIDONGDAZONGSHANGPINXUQIUZENGZHANG，TONGSHITUIDONGTONGZHANGHUISHENG。YINCI，CONGHONGGUANCENGMIANKANLAI，ZHICHIDAZONGSHANGPINCHUNTIANDAOLAIDESHUOFA。
“MUQIANQUANQIUJINGJIZOUCHUFUSUJIAKUAITAISHI，ZHUYAOJINGJITIDIYIJIDUBIAOXIANFUHESHICHANGYUQI，ZHOUQIXINGXINGYEZAIJIAGEZOUGAOXIALIRUNYOUXIAOHUISHENG，YECIJILEXINYILUNKUANGCHANNENGYUANTOUZI，ZHEIYIDIANCONGWAJUEJIXIAOLIANGKEYIKUIJIANYIBAN。CIWAI，JINGJIZHUANNUANWUYIHUICIJIXIAOFEIZHUANHAO，DAZONGSHANGPINSHANGZHANGYECIJIQIYEKUCUNZENGJIA，YINGGAISHUODAZONGSHANGPINCHUNTIANYIJINGLAIDAO。”DONGWU和记客服电话ZONGJINGLIZHULIJIANYANJIUSUOSUOZHANGJIANGXINGCHUNYEBIAOSHI。
ZAIDUOWEIYENEIRENSHILAIKAN，DUIDANGQIANDEHONGGUANHUANJINGYOULIYUSHANGPINSHANGZHANGYIXINGCHENGJIAOWEIYIZHIDEYUQI，DANZAIJUTIYUNXINGSHIDIANSHANGQUECHUXIANLEFENQI。
ZAIJIANGXINGCHUNKANLAI，“ZHEIGECHUNTIANBIJINGZHISHICHUNTIAN，BUSHIXIATIAN，DANGQIANDEXIAOFEIZENGSUHAICHUZAIYIGEJIAODIWEIZHI，YINCINANMIANCHUNHANLIAOQIAO，JIAGEGUOKUAISHANGZHANGBEIHOUYEQIANZANGZHEDIAOZHENGFENGXIAN。”
ZHONGDA和记客服电话FUZONGJINGLIJINGCHUANZERENWEI：“DAZONGSHANGPINZAOZAILIANGNIANQIANJIUYIJINRUCHUNTIAN。CONGDANGQIANJINGJIYUNXINGZHOUQIKAN，YINGGAISHUOSHANGPINYIYUNXINGZHIXIAJI。”
ZHEIYIDIAN，KEYICONGZHUYAODEDAZONGSHANGPINJIAGEZOUSHIFANGMIANDEYIYANZHENG。BIRU，LUNTONGLIANGNIANQIANDADAOBENLUNZUIDIDIAN4300MEIYUAN/DUNFUJIN，DANGQIANZAI7000MEIYUAN/DUNZUOYOU，HUISHENGLE60%YISHANG；BULUNTEYUANYOUCONGLIANGNIANQIANDE30MEIYUAN/TONGHUIDAOMUQIAN65MEIYUAN/TONGFUJIN，ZHANGFUCHAOGUO100%；ERTIEKUANGSHIJIAGEZECONG280YUAN/DUNSHANGZHANGZHIDANGQIAN550YUAN/DUNZUOYOU，QIJIANZUIGAOYIDUSHANGZHANGZHI700YUAN/DUNSHANGFANG；JISHISHIMUQIANZHANGFUZUIXIAODEXIANGJIAO，DANGQIANJIAOLIANGNIANQIANDIDIANZHANGFUYECHAOGUO30%，QIJIANJIAGEZUIGAOYECENGDADAOGUOJIAODIDIANFANBEIDESHUIPING。
“ZAIJINGLI2016NIAN-2017NIANNIUSHIZHIHOU，MUQIANLAIKAN，DAZONGSHANGPINDEZHANGSHIZONGTISHANGRENGJIANGDEDAOWEICHI，DANJIJIANGKAIQIDESHIHOUBANCHANG，ERFEIGANGGANGQIDONG。”JINGCHUANBIAOSHI。
品种分化料加大
ZHANZAIDANGQIANSHIDIANLAIKAN，JIANGXINGCHUNRENWEI，WEILAISANFANGMIANYINSUJIANGZHUDAODAZONGSHANGPINJIAGEBIAOXIAN：QIYI，ZHUYAOJINGJITIJINNIANJIEXIALAIDEBIAOXIAN，SHIDIYUYUQIHAISHICHAOGUOYUQI，MUQIANLAIKANCHAOYUQIGAILVBUDA；QIER，MEILIANCHUJIAXIBUFA，GUOKUAIYIDINGHUITUIDONGMEIYUANQIANGJINGFANDAN，DUIDAZONGSHANGPINSHIQINGWEILIKONG；QISAN，FAZHANZHONGGUOJIAYOUQISHIZHONGGUOJINNIANTOUZIZENGSUWENTI，RUGUOWEICHI6%YISHANGZENGSU，DUIDAZONGSHANGPINYOUQISHIHEISEHEYOUSEJIANGGOUCHENGLIDUO。
“PAOKAI‘HEITIANE’YINSUWAI，MEIGUOJINGJI、MEIYUANZOUSHI、OUZHOUHERIBENJINGJI、GUONEIJINGJI、GUONEILILVJIANGSHIZHUDAO2018NIANSHANGPINSHICHANGZOUSHIDEZHUYAOYINGXIANGYINSU。”JINGCHUANBIAOSHI。
DUIYUGUONEISHICHANG，JINGCHUANBIAOSHI，YUJIGUONEIJINGJIJIANGZAIYIDINGCHENGDUSHANGCHENGYA，SHANGPINZONGXUQIUZENGSUJIANGDI，DANDEYIYUJISHUPANGDA，SHIJIXUQIUZENGLIANGBUFENRENGRANKEGUAN。ZAIGONGJICEGAIGEQUDEMINGXIANXIAOGUOHOU，YUJI2018NIANJIANGJIXUTUIJINDAOGENGDUOCHANYE，TONGSHIHUANBAOJIANCHAJIXUYINGXIANGCHUANTONGZHIZAOYE。ZAIHEISECHANYELIANWANCHENGXIPAIHOU，XUYAOGUANZHUHUAGONG、YOUSEHENONGCHANPINKENENGSHOUDAODELEISIYINGXIANG。MEIGUOSHUIGAIYIJIJIANGYAOKAIQIDEMEIGUOJIJIANGUIMODETUIJINSUDUDENGYINSUDUIYUSHANGPINSHIJIAYINGXIANG。
TONGSHI，ZAITUICHUDUOXIANGCUOSHIYIZHIZIBENWAILIUHOU，YUJI2018NIANWAICHURENGRANYIWENDINGWEIZHU，RUGUOMEIYUANBUCHUXIANDAFUSHENGZHI，RENMINBIHUILVBUTAIKENENGCHUXIANDAFUDANBIANBIANZHIXIANXIANG。YINCI，GUONEILILVSHANGXINGYALIYOUXIAN。TONGSHI，YOUYUMUQIANZHONGMEISHIJILICHAKONGJIANRENGJIAODA，JISHIMEILIANCHU3CIJIAXISHANGDIAOMEIYUANJIZHUN0.75%，YUJIYANGXINGSHANGDIAOGONGKAISHICHANGLILV0.5%-0.7%YINGDUIJIKE。LILVDUANDUIGUONEISHANGPINDELIKONGYALIYINGGAIBUHUITAIDA。ZHONGGUOYINSUZAI2018NIANDEYINGXIANGYOUXIAN，MEIGUOZENGLIANGJIANGCHENGWEIQUANQIUDINGJIADESHANGPINDEZHONGYAOQUDONGYINSU。
YEYANWUZEBIAOSHI，DANGQIAN，ZHONGGUOJINGJIYISHIQUANQIUDIERDAJINGJITI，ZHONGGUOXUQIUDUIYUDAZONGSHANGPINDEYINGXIANGZHIGUANZHONGYAO，YOUQISHIZHONGGUOGUDINGZICHANTOUZIDEZENGSU，YIJIZAIZHONGGUOJINRONGQUGANGGANDABEIJINGZHIXIADEJINRONGSHICHANGBODONG，DOUHUIDUIDAZONGSHANGPINJIAGECHANSHENGZHONGYAOYINGXIANG。
DUIYUPINZHONGBUJU，JIANGXINGCHUNRENWEI，JINNIANDAZONGSHANGPINKENENGSHIGAOWEIQIANGSHIZHENDANGXINGQING，BIAOXIANKENENGSHI“LIANGTOUGAOZHONGJIANDI”，YINCI，TOUZIZHEZAIJIAOYISHANGYAOXIANGDUILINGHUO；GUANZHUJINGJIBIAOXIANYUYUQICHAYI、MEIYUANZHISHUHEYOUJIABIAOXIAN、QIXIANJICHABIAOXIAN，ZHENGTIQIANGSHIBEIHOUFENHUAMINGXIANJIADA，YICONGPINZHONGJIBENMIANZHESHOU，WAJUEHAODETOUZIJIHUI。
LAIYUAN：ZHONGGUOZHENGQUANBAO
