{"id":2974,"date":"2026-08-14T08:53:02","date_gmt":"2026-08-14T00:53:02","guid":{"rendered":"https:\/\/hongxiangsecuritieshk.com\/?p=2974"},"modified":"2026-08-14T08:53:02","modified_gmt":"2026-08-14T00:53:02","slug":"%e7%be%8e%e8%82%a1%e5%8f%af%e8%bd%89%e5%82%b5%e5%b0%88%e9%a1%8c","status":"publish","type":"post","link":"https:\/\/hongxiangsecuritieshk.com\/en\/%e7%be%8e%e8%82%a1%e5%8f%af%e8%bd%89%e5%82%b5%e5%b0%88%e9%a1%8c\/","title":{"rendered":"\u7f8e\u80a1\u53ef\u8f49\u50b5\u5c08\u984c"},"content":{"rendered":"
\n\t\t\t\t
\n\t\t\t\t\t
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\n\t\t\t\t
\n\t\t\t\t\t
\n\n\n
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<\/div>\n
INVESTMENT ACADEMY \u00b7 \u6295\u8cc7\u5b78\u9662<\/div>\n
\u7f8e\u80a1\u53ef\u8f49\u50b5<\/div>\n
Convertible Bonds<\/div>\n
\n \u517c\u5177\u50b5\u5238\u5b89\u5168\u588a\u8207\u80a1\u7968\u4e0a\u6f32\u6f5b\u529b\u7684\u6df7\u5408\u91d1\u878d\u5de5\u5177
\n \u5168\u7403\u8cc7\u672c\u5e02\u5834\u6b77\u53f2\u6700\u60a0\u4e45\u7684\u7d50\u69cb\u5316\u878d\u8cc7\u5de5\u5177\u4e4b\u4e00\n <\/div>\n
\n
\n
~$610\u5104<\/div>\n
2026\u5e74Q2\u767c\u884c\u91cf<\/div>\n <\/div>\n
\n
1.85%<\/div>\n
\u5e73\u5747\u7968\u606f<\/div>\n <\/div>\n
\n
35%<\/div>\n
\u5e73\u5747\u8f49\u63db\u6ea2\u50f9<\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n
\n
\n
<\/div>\n
01 \u4ec0\u9ebc\u662f\u53ef\u8f49\u50b5<\/div>\n <\/div>\n \n
\n
\n \u53ef\u8f49\u50b5\uff08Convertible Bond\uff09<\/strong>\u662f\u4e00\u7a2e\u6df7\u5408\u91d1\u878d\u5de5\u5177\uff0c\u517c\u5177\u50b5\u5238\u5c6c\u6027<\/strong>\u548c\u80a1\u7968\u671f\u6b0a\u5c6c\u6027<\/strong>\u3002\u5b83\u672c\u8cea\u4e0a\u662f\u516c\u53f8\u767c\u884c\u7684\u4f01\u696d\u50b5\u5238\uff0c\u4f46\u8ce6\u4e88\u6301\u6709\u4eba\u5728\u7d04\u5b9a\u689d\u4ef6\u4e0b\u5c07\u50b5\u5238\u8f49\u63db\u70ba\u767c\u884c\u516c\u53f8\u666e\u901a\u80a1\u7684\u6b0a\u5229\u3002\n <\/div>\n
\n
\n \u53ef\u8f49\u50b5\u50f9\u503c = \u7d14\u50b5\u50f9\u503c\uff08Bond Floor\uff09+ \u80a1\u7968\u770b\u6f32\u671f\u6b0a\u50f9\u503c\n <\/div>\n <\/div>\n <\/div>\n\n
\u6838\u5fc3\u7279\u5fb5<\/div>\n
\n
\n
\ud83d\udcca \u50b5\u5238\u5c6c\u6027<\/div>\n
\u56fa\u5b9a\u9762\u503c\u3001\u7968\u9762\u5229\u7387\u3001\u5230\u671f\u65e5\uff0c\u63d0\u4f9b\u5b9a\u671f\u7968\u606f\u548c\u5230\u671f\u672c\u91d1\u511f\u9084<\/div>\n <\/div>\n
\n
\ud83d\udcc8 \u6b0a\u76ca\u5c6c\u6027<\/div>\n
\u53ef\u6309\u7d04\u5b9a\u8f49\u63db\u6bd4\u4f8b\u8f49\u63db\u70ba\u767c\u884c\u516c\u53f8\u7684\u666e\u901a\u80a1\uff0c\u5206\u4eab\u80a1\u50f9\u4e0a\u6f32\u6536\u76ca<\/div>\n <\/div>\n
\n
\u26a1 \u884d\u751f\u5c6c\u6027<\/div>\n
\u50f9\u503c\u53d7\u6b63\u80a1\u50f9\u683c\u3001\u5229\u7387\u3001\u4fe1\u7528\u5229\u5dee\u3001\u6ce2\u52d5\u7387\u7b49\u591a\u91cd\u56e0\u7d20\u5f71\u97ff<\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n
\n
\n
<\/div>\n
02 \u53ef\u8f49\u50b5 vs \u666e\u901a\u50b5\u5238<\/div>\n <\/div>\n \n
\n \n \n \n \n \n \n \n \n
\u5c0d\u6bd4\u7dad\u5ea6<\/th>\n \u53ef\u8f49\u50b5<\/th>\n \u666e\u901a\u50b5\u5238<\/th>\n <\/tr>\n <\/thead>\n
\u7968\u606f\u6c34\u5e73<\/td>\n \u8f03\u4f4e\uff08\u542b\u8f49\u80a1\u6b0a\uff09<\/td>\n \u8f03\u9ad8<\/td>\n <\/tr>\n
\u4e0a\u6f32\u6f5b\u529b<\/td>\n \u53ef\u5206\u4eab\u80a1\u50f9\u4e0a\u6f32\u6536\u76ca<\/td>\n \u7121<\/td>\n <\/tr>\n
\u4e0b\u884c\u4fdd\u8b77<\/td>\n \u50b5\u5238\u5e95\u50f9\u4fdd\u8b77<\/td>\n \u50b5\u5238\u5e95\u50f9\u4fdd\u8b77<\/td>\n <\/tr>\n
\u9069\u5408\u74b0\u5883<\/td>\n \u5229\u7387\u9ad8\u4f01\u3001\u80a1\u5e02\u6ce2\u52d5\u5927<\/td>\n \u5229\u7387\u4e0b\u884c\u3001\u80a1\u5e02\u4f4e\u8ff7<\/td>\n <\/tr>\n <\/tbody>\n <\/table>\n <\/div>\n<\/div>\n\n\n
\n
\n
<\/div>\n
03 \u6838\u5fc3\u689d\u6b3e\u89e3\u6790<\/div>\n <\/div>\n \n
\n
\n
\u8f49\u63db\u6bd4\u4f8b Conversion Ratio<\/div>\n
\u6bcf\u5f35\u53ef\u8f49\u50b5\u53ef\u8f49\u63db\u7684\u666e\u901a\u80a1\u6578\u91cf<\/div>\n <\/div>\n
\n
\u8f49\u63db\u50f9\u683c Conversion Price<\/div>\n
\u6bcf\u80a1\u8f49\u63db\u50f9\u683c = \u9762\u503c \u00f7 \u8f49\u63db\u6bd4\u4f8b<\/div>\n <\/div>\n
\n
\u8f49\u63db\u6ea2\u50f9 Conversion Premium<\/div>\n
\u8f49\u63db\u50f9\u683c\u76f8\u5c0d\u767c\u884c\u6642\u80a1\u50f9\u7684\u6ea2\u50f9\uff0c\u901a\u5e38\u70ba 25%-35%<\/strong>\uff0c2026\u5e74Q2\u5e73\u5747\u9054 35%<\/strong><\/div>\n <\/div>\n
\n
Delta<\/div>\n
\u53ef\u8f49\u50b5\u50f9\u683c\u5c0d\u6b63\u80a1\u50f9\u683c\u7684\u654f\u611f\u5ea6\uff080-1\u4e4b\u9593\uff09<\/div>\n <\/div>\n <\/div>\n\n
\n
\u95dc\u9375\u6a5f\u5236\u689d\u6b3e<\/div>\n
\n
\n
\ud83d\udd14 \u8edf\u8d16\u56de\u6b0a Soft Call<\/div>\n
\u7576\u80a1\u50f9\u6301\u7e8c\u9ad8\u65bc\u8f49\u63db\u50f9\u683c\u7684130%\u9054\u4e00\u5b9a\u6642\u9593\uff0c\u767c\u884c\u4eba\u6709\u6b0a\u63d0\u524d\u8d16\u56de\uff0c\u5be6\u8cea\u662f\u8feb\u4f7f\u6295\u8cc7\u8005\u8f49\u80a1<\/strong>\u3002<\/div>\n <\/div>\n
\n
\ud83d\udd12 \u6216\u6709\u8f49\u63db Contingent Conversion<\/div>\n
\u6295\u8cc7\u8005\u4e26\u975e\u96a8\u6642\u53ef\u8f49\u80a1\uff0c\u901a\u5e38\u50c5\u5728\u5230\u671f\u524d\u7a97\u53e3\u671f\u3001\u80a1\u50f9\u5927\u5e45\u4e0a\u6f32\u6216\u767c\u751f\u6839\u672c\u6027\u8b8a\u5316\u6642\u5141\u8a31\u8f49\u63db\u3002<\/div>\n <\/div>\n
\n
\ud83d\udcb0 \u7d50\u7b97\u65b9\u5f0f<\/div>\n
\u5be6\u7269\u7d50\u7b97\uff08\u4ea4\u4ed8\u80a1\u7968\uff09\u3001\u73fe\u91d1\u7d50\u7b97\uff08\u7b49\u503c\u73fe\u91d1\uff09\u3001\u6de8\u80a1\u7d50\u7b97\uff08\u7d44\u5408\u65b9\u5f0f\uff09\uff0c\u767c\u884c\u4eba\u53ef\u9078\u64c7\u3002<\/div>\n <\/div>\n
\n
\ud83d\udee1\ufe0f \u7a00\u91cb\u7de9\u91cb\u5de5\u5177<\/div>\n
\u4e0a\u9650\u770b\u6f32\u671f\u6b0a\uff08Capped Call\uff09\u3001\u50b5\u5238\u5c0d\u6c96\/\u8a8d\u80a1\u6b0a\u8b49\u7d50\u69cb\uff0c\u6e1b\u5c11\u8f49\u80a1\u5c0dEPS\u7684\u7a00\u91cb\u5f71\u97ff\u3002<\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n
\n
\n
<\/div>\n
04 \u7f8e\u80a1\u53ef\u8f49\u50b5\u767c\u884c\u6d41\u7a0b<\/div>\n <\/div>\n\n
\n
\n
Rule 144A<\/div>\n
\u9762\u5411\u5408\u683c\u6a5f\u69cb\u8cb7\u5bb6
\u7121\u9700SEC\u8a3b\u518a<\/div>\n <\/div>\n
\n
Regulation S<\/div>\n
\u9762\u5411\u5883\u5916\u6295\u8cc7\u8005
\u7121\u9700SEC\u8a3b\u518a<\/div>\n <\/div>\n
\n
Registered<\/div>\n
\u9762\u5411\u516c\u773e\u6295\u8cc7\u8005
\u9700SEC\u8a3b\u518a<\/div>\n <\/div>\n <\/div>\n\n
\n
<\/div>\n \n
\n
<\/div>\n
\u8463\u4e8b\u6703\u6c7a\u8b70<\/div>\n
\u6388\u6b0a\u767c\u884c\uff0c\u78ba\u5b9a\u878d\u8cc7\u898f\u6a21\u8207\u7528\u9014<\/div>\n <\/div>\n
\n
<\/div>\n
\u627f\u92b7\u5546\u9078\u8058 & \u6587\u4ef6\u6e96\u5099<\/div>\n
\u9078\u64c7\u6295\u884c\u4f5c\u70ba\u4e3b\u627f\u92b7\u5546\uff0c\u8d77\u8349\u52df\u96c6\u8aaa\u660e\u66f8\uff08Offering Memorandum\uff09<\/div>\n <\/div>\n
\n
<\/div>\n
\u8def\u6f14\uff08Roadshow\uff09<\/div>\n
\u5411\u6a5f\u69cb\u6295\u8cc7\u8005\u63a8\u4ecb\uff0c\u6536\u96c6\u610f\u5411\u8a02\u55ae\uff083-5\u5929\uff09<\/div>\n <\/div>\n
\n
<\/div>\n
\u5b9a\u50f9\uff08Pricing\uff09<\/div>\n
\u78ba\u5b9a\u7968\u606f\u3001\u8f49\u63db\u6ea2\u50f9\u3001\u5230\u671f\u65e5\u7b49\u6838\u5fc3\u689d\u6b3e<\/div>\n <\/div>\n
\n
<\/div>\n
\u4ea4\u5272\uff08Settlement\uff09<\/div>\n
T+2 \u8cc7\u91d1\u5230\u8cec\uff0c\u50b5\u5238\u6b63\u5f0f\u767c\u884c<\/div>\n <\/div>\n
\n
<\/div>\n
\u4e0a\u5e02\u4ea4\u6613<\/div>\n
\u5728OTC\u5e02\u5834\u6216\u4ea4\u6613\u6240\u639b\u724c\uff0c\u958b\u59cb\u4e8c\u7d1a\u5e02\u5834\u4ea4\u6613<\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n
\n
\n
<\/div>\n
05 \u70ba\u4ec0\u9ebc\u9078\u64c7\u53ef\u8f49\u50b5<\/div>\n <\/div>\n\n
\u767c\u884c\u4eba\u8996\u89d2<\/div>\n
\n
\n
\ud83d\udcb0 \u964d\u4f4e\u878d\u8cc7\u6210\u672c<\/div>\n
\u7968\u606f\u9060\u4f4e\u65bc\u666e\u901a\u50b5\u5238\u3002\u4f8b\u5982\u666e\u901a\u50b57.5%\uff0c\u82e5\u8f49\u80a1\u6b0a\u50f9\u503c5%\uff0c\u53ef\u8f49\u50b5\u7968\u606f\u53ef\u964d\u81f32.5%\u3002<\/div>\n <\/div>\n
\n
\ud83d\udcc9 \u5ef6\u9072\u80a1\u6b0a\u7a00\u91cb<\/div>\n
\u8f49\u63db\u50f9\u683c\u901a\u5e38\u6ea2\u50f925%-35%\uff0c\u76f8\u6bd4\u76f4\u63a5\u589e\u767c\uff08\u6298\u50f9\u767c\u884c\uff09\u986f\u8457\u6e1b\u5c11\u80a1\u6b0a\u7a00\u91cb\u3002<\/div>\n <\/div>\n
\n
\ud83c\udf10 \u62d3\u5bec\u6295\u8cc7\u8005\u57fa\u790e<\/div>\n
\u5438\u5f15\u56fa\u5b9a\u6536\u76ca\u57fa\u91d1\u3001\u53ef\u8f49\u50b5\u5c08\u9805\u57fa\u91d1\u3001\u5c0d\u6c96\u57fa\u91d1\u3001\u990a\u8001\u57fa\u91d1\u7b49\u591a\u5143\u6295\u8cc7\u8005\u3002<\/div>\n <\/div>\n
\n
\u26a1 \u767c\u884c\u6548\u7387\u9ad8<\/div>\n
Rule 144A\u767c\u884c\u7121\u9700SEC\u8a3b\u518a\uff0c\u5f9e\u6c7a\u7b56\u5230\u767c\u884c\u53ef\u5728\u6578\u9031\u5167\u5b8c\u6210\u3002<\/div>\n <\/div>\n <\/div>\n\n
\u6295\u8cc7\u8005\u8996\u89d2<\/div>\n
\n
\n
\ud83d\udee1\ufe0f \u9032\u53ef\u653b\u3001\u9000\u53ef\u5b88<\/div>\n
\u80a1\u5e02\u5927\u6f32\u6642\u8f49\u80a1\u7372\u5229\uff0c\u4e0b\u8dcc\u6642\u6709\u50b5\u5238\u5e95\u50f9\u4fdd\u8b77\uff0c\u9707\u76ea\u6642\u7372\u53d6\u7968\u606f+\u6ce2\u52d5\u6536\u76ca\u3002<\/div>\n <\/div>\n
\n
\ud83d\udcca \u6b77\u53f2\u696d\u7e3e\u512a\u7570<\/div>\n
\u904e\u53bb30\u5e74\u63d0\u4f9b\u7d0470%\u7684\u80a1\u7968\u56de\u5831\uff0c\u4f46\u6ce2\u52d5\u7387\u50c5\u70ba\u80a1\u7968\u768435%\u30022025\u5e74\u300c\u89e3\u653e\u65e5\u300d\u885d\u64ca\u4e2d\uff0c\u80a1\u7968\u8dcc12%\uff0c\u53ef\u8f49\u50b5\u50c5\u8dcc3%\u3002<\/div>\n <\/div>\n
\n
\ud83d\udd17 \u4f4e\u76f8\u95dc\u6027<\/div>\n
\u8207\u80a1\u7968\u3001\u50b3\u7d71\u50b5\u5238\u76f8\u95dc\u6027\u5747\u4e0d\u9ad8\uff0c\u662f\u8cc7\u7522\u914d\u7f6e\u4e2d\u512a\u79c0\u7684\u5206\u6563\u5316\u5de5\u5177\u3002<\/div>\n <\/div>\n
\n
\ud83d\ude80 \u7576\u524d\u5e02\u5834\u74b0\u5883\u6709\u5229<\/div>\n
\u5229\u7387\u9ad8\u4f01\u3001AI\u6295\u8cc7\u71b1\u6f6e\u3001\u5e02\u5834\u6ce2\u52d5\u52a0\u5927\uff0c\u53ef\u8f49\u50b5\u767c\u884c\u91cf\u5275\u6b77\u53f2\u7d00\u9304\u3002<\/div>\n <\/div>\n <\/div>\n\n \n
\n
\u53ef\u8f49\u50b5\u5728\u4e0d\u540c\u5e02\u5834\u74b0\u5883\u4e0b\u7684\u8868\u73fe<\/div>\n
\n
\n
\ud83d\udcc8<\/div>\n
\u80a1\u5e02\u5927\u6f32<\/div>\n
\u8ddf\u96a8\u4e0a\u6f32\uff08\u901a\u904e\u8f49\u80a1\uff09<\/div>\n <\/div>\n
\n
\ud83d\udcc9<\/div>\n
\u80a1\u5e02\u5927\u8dcc<\/div>\n
\u8dcc\u5e45\u6709\u9650\uff08\u50b5\u5238\u5e95\u50f9\u4fdd\u8b77\uff09<\/div>\n <\/div>\n
\n
\ud83d\udcca<\/div>\n
\u80a1\u5e02\u9707\u76ea<\/div>\n
\u7372\u53d6\u7968\u606f + \u6ce2\u52d5\u6536\u76ca<\/div>\n <\/div>\n
\n
\ud83c\udfe6<\/div>\n
\u5229\u7387\u4e0b\u884c<\/div>\n
\u50b5\u5238\u90e8\u5206\u5347\u503c<\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n
\n
\n
<\/div>\n
06 \u4e3b\u8981\u6295\u8cc7\u7b56\u7565<\/div>\n <\/div>\n\n
\n
\n
\u7d55\u5c0d\u505a\u591a\u7b56\u7565<\/div>\n
Outright Long-Only<\/div>\n
\n \u8cb7\u5165\u4e26\u6301\u6709\u53ef\u8f49\u50b5\uff0c\u7372\u53d6\u7968\u606f\u6536\u5165\u3002\u82e5\u80a1\u50f9\u4e0a\u6f32\u9078\u64c7\u8f49\u80a1\u7372\u5229\uff0c\u82e5\u80a1\u50f9\u4e0b\u8dcc\u6301\u6709\u5230\u671f\u6536\u56de\u672c\u91d1\u3002\n <\/div>\n
\u9069\u5408\uff1a\u990a\u8001\u57fa\u91d1\u3001\u5171\u540c\u57fa\u91d1\u3001\u4fdd\u96aa\u516c\u53f8<\/div>\n <\/div>\n\n
\n
\u53ef\u8f49\u50b5\u5957\u5229\u7b56\u7565<\/div>\n
Convertible Arbitrage<\/div>\n
\n \u505a\u591a\u53ef\u8f49\u50b5 + \u505a\u7a7a\u6b63\u80a1<\/strong>\uff08\u6309Delta\u6bd4\u4f8b\u5c0d\u6c96\uff09\uff0c\u69cb\u5efaDelta\u4e2d\u6027\u7d44\u5408\uff0c\u5f9e\u6ce2\u52d5\u4e2d\u7372\u5229\u3002\n <\/div>\n
\u9069\u5408\uff1a\u5c0d\u6c96\u57fa\u91d1\u3001\u5c08\u696d arbitrage desk<\/div>\n <\/div>\n <\/div>\n\n
\n
\u5957\u5229\u7b56\u7565\u6536\u76ca\u4f86\u6e90\u62c6\u89e3<\/div>\n
\n
\n
\ud83d\udcb5<\/div>\n
\u7968\u606f\u6536\u5165<\/div>\n
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\n
\ud83d\udcc9<\/div>\n
\u505a\u7a7a\u8fd4\u9084<\/div>\n
Short Rebate<\/div>\n <\/div>\n
\n
\u3030\ufe0f<\/div>\n
\u6ce2\u52d5\u7387\u6536\u76ca<\/div>\n
Gamma Trading<\/div>\n <\/div>\n
\n
\ud83d\udcc8<\/div>\n
\u4fe1\u7528\u6539\u5584<\/div>\n
\u8cc7\u8cea\u63d0\u5347<\/div>\n <\/div>\n
\n
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\u4f30\u503c\u4fee\u5fa9<\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n
\n
\n
<\/div>\n
07 \u4e2d\u7f8e\u53ef\u8f49\u50b5\u5e02\u5834\u5c0d\u6bd4<\/div>\n <\/div>\n\n
\n \n \n \n \n \n \n \n \n \n \n \n
\u5c0d\u6bd4\u7dad\u5ea6<\/th>\n \u7f8e\u80a1\u53ef\u8f49\u50b5<\/th>\n A\u80a1\u53ef\u8f49\u50b5<\/th>\n <\/tr>\n <\/thead>\n
\u5e02\u5834\u5b9a\u4f4d<\/td>\n \u50b5\u5238\u5c6c\u6027\u5f37\uff0c\u535a\u5f08\u5c6c\u6027\u660e\u986f<\/td>\n \u4fc3\u8f49\u80a1\u5c0e\u5411\uff0c\u6295\u8cc7\u8005\u4fdd\u8b77\u66f4\u5f37<\/td>\n <\/tr>\n
\u56de\u552e\u689d\u6b3e<\/td>\n \u8a2d\u7f6e\u82db\u523b\uff0c\u91cd\u5927\u8b8a\u5316\u6642\u89f8\u767c<\/td>\n \u8f03\u70ba\u5bec\u9b06\uff0c\u5230\u671f\u524d\u53ef\u56de\u552e<\/td>\n <\/tr>\n
\u4e0b\u4fee\u689d\u6b3e<\/td>\n \u8f03\u5c11\u4f7f\u7528\uff0c\u4fee\u6b63\u5e45\u5ea6\u6709\u9650<\/td>\n \u983b\u7e41\u4f7f\u7528\uff0c\u6838\u5fc3\u535a\u5f08\u689d\u6b3e<\/td>\n <\/tr>\n
\u6295\u8cc7\u8005\u7d50\u69cb<\/td>\n \u5c0d\u6c96\u57fa\u91d1 + \u990a\u8001\/\u5171\u540c\u57fa\u91d1<\/td>\n \u6563\u6236 + \u6a5f\u69cb\u6295\u8cc7\u8005\u4e26\u5b58<\/td>\n <\/tr>\n
\u767c\u884c\u5be9\u6279<\/td>\n \u5e02\u5834\u5316\uff0c144A\u7121\u9700SEC\u8a3b\u518a<\/td>\n \u9700\u8b49\u76e3\u6703\u6838\u51c6\/\u8a3b\u518a<\/td>\n <\/tr>\n
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08 \u98a8\u96aa\u63d0\u793a<\/div>\n <\/div>\n\n
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\u26a0\ufe0f \u4fe1\u7528\u98a8\u96aa<\/div>\n
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\n
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\u3030\ufe0f \u6ce2\u52d5\u7387\u98a8\u96aa<\/div>\n
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\u6578\u64da\u4f86\u6e90\uff1aMatthews South\u3001Numerix\u3001SEC | 2026\u5e748\u6708<\/div>\n <\/div>\n<\/div>\n\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

INVESTMENT ACADEMY \u00b7 \u6295\u8cc7\u5b78\u9662 \u7f8e\u80a1\u53ef\u8f49\u50b5 Convertible Bonds \u517c\u5177\u50b5\u5238\u5b89 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2974","post","type-post","status-publish","format-standard","hentry","category-tzxy"],"_links":{"self":[{"href":"https:\/\/hongxiangsecuritieshk.com\/en\/wp-json\/wp\/v2\/posts\/2974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hongxiangsecuritieshk.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hongxiangsecuritieshk.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hongxiangsecuritieshk.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hongxiangsecuritieshk.com\/en\/wp-json\/wp\/v2\/comments?post=2974"}],"version-history":[{"count":12,"href":"https:\/\/hongxiangsecuritieshk.com\/en\/wp-json\/wp\/v2\/posts\/2974\/revisions"}],"predecessor-version":[{"id":3054,"href":"https:\/\/hongxiangsecuritieshk.com\/en\/wp-json\/wp\/v2\/posts\/2974\/revisions\/3054"}],"wp:attachment":[{"href":"https:\/\/hongxiangsecuritieshk.com\/en\/wp-json\/wp\/v2\/media?parent=2974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hongxiangsecuritieshk.com\/en\/wp-json\/wp\/v2\/categories?post=2974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hongxiangsecuritieshk.com\/en\/wp-json\/wp\/v2\/tags?post=2974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}