四点半的个人主页 - 老虎社区

四点半

暂无个人介绍

IP属地：山东

9关注

10粉丝

1主题

0勋章

10-09 13:13

手续费高的离谱，谁敢频繁交易

香港证监会：香港交易所将发布有关延长股票交易时间的讨论文件

10-09 13:11

美国两房怎么崩盘的，这次也一样！

SpaceX、博通、甲骨文密集天量发债！美国债市“挤爆了”，“集中度越来越高，最终都受AI周期影响”

07-27

$长鑫科技(688825)$ 三天后就开始，你懂的！

07-23

做空了一亿股？

Ortex：空头因SpaceX股价下跌浮盈155亿美元

06-23

$SpaceX(SPCX)$ 马斯克的公司都是波动性大，这个人充满了争议！一个赌徒

06-05

$三倍做空半导体ETF-Direxion Daily(SOXS)$ 这个股票可以持仓吗？我的意思是可以过夜吗？

05-28

$上证指数(000001.SH)$ 这是往下跌的信号吗？

04-15

$意力国际(00585)$ 洗

04-02

$WTI原油主连 2605(CLmain)$ 伊朗和美国在演双簧，最后都得到利益！以色列被当枪使！

03-18

$MINIMAX-WP(00100)$ 奔着两千去

03-11

$健康160(02656)$ 看着这支票好像杀猪盘啊

02-23

$白银主连 2603(SImain)$ 这个量是什么情况？

02-18

$俊裕地基(01757)$ 一字断头刀

02-13

$黄金主连 2604(GCmain)$ 没有交易量是个什么情况？

02-04

$黄金主连 2604(GCmain)$ 可以开空了

01-27

$鸣鸣很忙(01768)$ 圈钱，一路下跌，最后退市，股民买单

2025-10-22

$黄金主连 2512(GCmain)$ 到头了，会回调，就一头往下走了

2025-10-13

$微黄金主连 2512(MGCmain)$ 交易量越来越大？！有空头止损？

2025-09-10

$Epsium Enterprise Ltd.(EPSM)$ 香港人就是牛

2025-09-10

$QMMM Holdings Limited.(QMMM)$ 空头死完了

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3583298926087197","uuid":"3583298926087197","gmtCreate":1620204901522,"gmtModify":1620204901522,"name":"四点半","pinyin":"sdbsidianban","introduction":"","introductionEn":"","signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":10,"headSize":9,"tweetSize":70,"questionSize":0,"limitLevel":999,"accountStatus":2,"level":{"id":3,"name":"书生虎","nameTw":"書生虎","represent":"努力向上","factor":"发布10条非转发主帖,其中5条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":1,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-3","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"偶像虎友","description":"加入老虎社区1500天","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.06.14","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":1,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"crmLevelSwitch":0,"location":"山东","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":616462713218064,"gmtCreate":1791522806396,"gmtModify":1791522809699,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"手续费高的离谱，谁敢频繁交易","listText":"手续费高的离谱，谁敢频繁交易","text":"手续费高的离谱，谁敢频繁交易","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/616462713218064","repostId":"1125017265","repostType":2,"repost":{"id":"1125017265","kind":"news","weMediaInfo":{"introduction":"快讯推送自媒体","home_visible":0,"media_name":"老虎快讯","id":"1061542828","head_image":"https://community-static.tradeup.com/news/6fb3c0336a0e7c79225e5feb8bd9d842"},"pubTimestamp":1791512621,"share":"https://www.laohunote.com/m/news/1125017265?lang=zh_CN&edition=full","pubTime":"2026-10-09 10:23","market":"hk","language":"zh","title":"香港证监会：香港交易所将发布有关延长股票交易时间的讨论文件","url":"https://stock-news.laohu8.com/highlight/detail?id=1125017265","media":"老虎快讯","summary":"香港证监会：香港交易所将发布有关延长股票交易时间的讨论文件","content":"<html><head></head><body><p style=\"text-align: left;\">香港证监会行政总裁梁凤仪周五在亚洲证券业与金融市场协会(ASIFMA)会议上发表讲话称，香港交易所将在第四季度发布一份关于延长交易时间的讨论文件。随着时间的推移，使用代币化货币和数码港元结算方式，可以支持更长时间的交易。香港交易所将尽快发布关于T+1结算的咨询结论，并确定目标实施日期。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f334dff60828a134188e01700afeffc\" data-align=\"center\" tg-width=\"956\" tg-height=\"1248\"/><span></span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/544266b440007781637c207eb07f059a\" data-align=\"center\" tg-width=\"914\" tg-height=\"1166\"/><span></span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09a2dd9973eb80dcef9731efc118ec3e\" data-align=\"center\" tg-width=\"928\" tg-height=\"1174\"/><span></span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f6086be4eb0c95c070b3cd8f6d6ff7a9\" data-align=\"center\" tg-width=\"862\" tg-height=\"722\"/><span></span></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>香港证监会：香港交易所将发布有关延长股票交易时间的讨论文件</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n香港证监会：香港交易所将发布有关延长股票交易时间的讨论文件\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/6fb3c0336a0e7c79225e5feb8bd9d842);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎快讯 </p>\n<p class=\"h-time\">2026-10-09 10:23</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">香港证监会行政总裁梁凤仪周五在亚洲证券业与金融市场协会(ASIFMA)会议上发表讲话称，香港交易所将在第四季度发布一份关于延长交易时间的讨论文件。随着时间的推移，使用代币化货币和数码港元结算方式，可以支持更长时间的交易。香港交易所将尽快发布关于T+1结算的咨询结论，并确定目标实施日期。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f334dff60828a134188e01700afeffc\" data-align=\"center\" tg-width=\"956\" tg-height=\"1248\"/><span></span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/544266b440007781637c207eb07f059a\" data-align=\"center\" tg-width=\"914\" tg-height=\"1166\"/><span></span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09a2dd9973eb80dcef9731efc118ec3e\" data-align=\"center\" tg-width=\"928\" tg-height=\"1174\"/><span></span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f6086be4eb0c95c070b3cd8f6d6ff7a9\" data-align=\"center\" tg-width=\"862\" tg-height=\"722\"/><span></span></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/38508134c6853c521e764dc952e7334a","relate_stocks":{"82800":"盈富基金-R","83115":"安硕恒生指数—R","03115":"安硕恒生指数","03419":"A GX恒指备兑","02800":"盈富基金","07200":"南方两倍做多恒指","07500":"南方两倍做空恒指","09115":"安硕恒生指数—U","00388":"香港交易所","HSI":"恒生指数","03037":"南方恒指ETF","07300":"南方一倍看空恒指"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125017265","content_text":"香港证监会行政总裁梁凤仪周五在亚洲证券业与金融市场协会(ASIFMA)会议上发表讲话称，香港交易所将在第四季度发布一份关于延长交易时间的讨论文件。随着时间的推移，使用代币化货币和数码港元结算方式，可以支持更长时间的交易。香港交易所将尽快发布关于T+1结算的咨询结论，并确定目标实施日期。","news_type":1,"symbols_score_info":{"82800":0.6,"83115":0.6,"09115":0.6,"07300":0.6,"03115":0.6,"00388":2,"03419":0.6,"07200":0.6,"07500":0.6,"03037":0.6,"02800":0.6,"HSI":2}},"isVote":1,"tweetType":1,"viewCount":49,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":616415755882536,"gmtCreate":1791522684079,"gmtModify":1791522686065,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"美国两房怎么崩盘的，这次也一样！","listText":"美国两房怎么崩盘的，这次也一样！","text":"美国两房怎么崩盘的，这次也一样！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/616415755882536","repostId":"2674881674","repostType":2,"repost":{"id":"2674881674","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1791507499,"share":"https://www.laohunote.com/m/news/2674881674?lang=zh_CN&edition=full","pubTime":"2026-10-09 08:58","market":"hk","language":"zh","title":"SpaceX、博通、甲骨文密集天量发债！美国债市“挤爆了”，“集中度越来越高，最终都受AI周期影响”","url":"https://stock-news.laohu8.com/highlight/detail?id=2674881674","media":"华尔街见闻","summary":"AI融资浪潮一周内催生逾1500亿美元债务需求，公开债市趋于饱和，被迫大量转向私募信贷和SPV。债市“挤出效应”已令10年期美债收益率重回5.31%、垃圾债CCC利差逼近1000基点历史关口。甲骨文五年期违约概率被市场定价超20%，SpaceX CDS四个月内近乎翻倍。高盛警告：AI借款方“愿意付任何代价”，最终买单的将是消费者、小企业乃至各国政府。","content":"<html><head></head><body><p style=\"text-align: left;\">AI军备竞赛正在将美国债市推向临界点。<a href=\"https://laohu8.com/S/SPCX\">SpaceX</a>、<a href=\"https://laohu8.com/S/600455\">博通</a>、甲骨文在不到一周内合计寻求逾1500亿美元融资，叠加此前已在路演的博通-Anthropic600亿美元债务，AI生态系统的借贷狂潮已令公开债券市场趋于饱和，迫使越来越多的交易转入私募信贷和表外特殊目的载体（SPV）。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a428853d14ce34cfc753cc2622fa44b1\" data-align=\"center\" tg-width=\"1024\" tg-height=\"711\"/><span></span></p><p style=\"text-align: left;\"><strong>这场融资浪潮正在重塑整个信用市场的风险定价。</strong>据彭博数据，今年超级大额科技债（单笔250亿美元以上）已达9笔，创历史纪录，科技板块成为近期信用市场表现最差的板块之一。与此同时，甲骨文五年期CDS飙升至261个基点的历史收盘高位，SpaceX五年期CDS突破197个基点再创纪录，就连全球市值最高的英伟达，其五年期违约概率也被市场定价在逾7%。</p><p style=\"text-align: left;\">高盛信贷策略师Rich Privorotsky将这一局面定性为“资本争夺战”，并警告<strong>“挤出效应可能是巨大的”</strong>——AI借款方愿意以高单位数利率借入资金，导致美国国债收益率承压上行，10年期美债收益率重回5.31%，30年期徘徊在5.70%附近。</p><p style=\"text-align: left;\">T. Rowe Price固定收益组合经理Steven Kohlenstein则直言：“风险越来越集中在一小群公司身上，最终都指向同一个AI投资周期，即便这些风险分散在不同发行人、不同板块和不同融资结构之中，相关性风险可能并未在当前估值中得到充分体现。”</p><h2 style=\"text-align: left;\">一周1500亿：三笔巨型交易同步涌现</h2><p style=\"text-align: left;\"><strong>本轮融资浪潮的规模之大、节奏之密，令市场措手不及。</strong></p><p style=\"text-align: left;\">据华尔街日报报道，博通过去数周一直在为OpenAI的定制AI芯片项目安排逾500亿美元融资，Apollo和<a href=\"https://laohu8.com/S/BX\">黑石</a>均在接洽之列。与此同时，博通上周已开始为Anthropic的420亿美元A类优先有担保债券启动银团分销，黑石另行主导180亿美元B类次级债券并自掏90亿美元。彭博确认了上述谈判，但指出&#34;尚未启动正式流程&#34;，两家公司可能寻求&#34;约300亿美元债务作为下一阶段融资&#34;。</p><p style=\"text-align: left;\">甲骨文方面，据华尔街日报，该公司正与Apollo和高盛洽谈，通过表外载体为大规模芯片采购融资——具体结构或为由外部投资者出资设立独立公司购买芯片，再租赁给甲骨文。<strong>这一安排的目的，据报道是帮助甲骨文&#34;避免自行借入更多资金，以控制债务成本&#34;。</strong> 1吉瓦数据中心的英伟达芯片成本约为500亿至600亿美元，甲骨文希望在今年内完成交易。</p><p style=\"text-align: left;\">SpaceX则寻求约100亿美元银行贷款加300亿美元投资级债券，用于购买英伟达芯片，Apollo牵头，Pimco亦在接触之中。值得注意的是，SpaceX今年6月以860亿美元估值完成IPO，两周后即发行250亿美元债券，此次若再融资400亿美元，<strong>四个月内累计债务融资将达650亿美元，相当于IPO募资额的76%。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d475823025fee0d811655d87a994437b\" data-align=\"center\" tg-width=\"1024\" tg-height=\"635\"/><span></span></p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">将三笔交易合并计算，加上博通-Anthropic交易，AI生态系统在约一周内排队等待的芯片债务规模已逾1500亿美元，甲骨文交易金额尚未披露。</p><h2 style=\"text-align: left;\">债市&#34;挤爆了&#34;：公开市场趋于饱和，私募信贷接棒</h2><p style=\"text-align: left;\"><strong>公开债券市场已接近承载极限，这是本轮融资大量转向私募信贷和SPV的根本原因。</strong></p><p style=\"text-align: left;\">据彭博数据，今年超大规模云服务商、数据中心及AI基础设施项目的投资级和高收益债券发行量<strong>已达至少3600亿美元，占全球债券销售总量的5.8%，是去年1.9%占比的三倍</strong>。高盛信贷策略师Adam Crook的统计口径更宽，将今年全球AI相关债务总发行量计为5750亿美元以上，超大规模云服务商仅占其中40%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3bd506be0875c7e415d3d339f019df87\" data-align=\"center\" tg-width=\"1024\" tg-height=\"592\"/><span></span></p><p style=\"text-align: left;\"><strong>华尔街日报对此直言不讳：</strong>云服务商为AI建设“发行了数千亿美元债券，将公开债务市场推至极限”。正因如此，新一轮融资绕开了债券承销台，转而通过Apollo、黑石等私募信贷机构以SPV形式完成。</p><p style=\"text-align: left;\"><strong>表外债务的堆积速度已超过表内债务。</strong>芯片SPV的特殊之处在于，其抵押品为图形处理器，折旧速度远快于建筑物，而部分结构以短期银行贷款对应15至19年租约，实质上是押注Oracle等公司能在2028至2032年以当前利差完成再融资。</p><p style=\"text-align: left;\">Apollo在本周三笔交易中均有参与，此前还涉足博通6月搭建的融资平台、xAI的Colossus融资以及英伟达8月推出的5000亿美元&#34;算力融资平台&#34;。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/486fb6c98a57fca360a9a53af1c9f6d7\" data-align=\"center\" tg-width=\"1024\" tg-height=\"724\"/><span></span></p><h2 style=\"text-align: left;\">CDS创纪录，信用风险重新定价</h2><p style=\"text-align: left;\"><strong>信用衍生品市场的反应比评级机构更为直接。</strong></p><p style=\"text-align: left;\">据彭博，甲骨文五年期CDS周四上涨约10.5个基点，收于261个基点的历史高位，市场隐含的五年违约概率已超过20%。SpaceX五年期CDS从约181个基点跳升至197个基点，创历史新高，较9月中旬上涨约30%，较6月IPO时的约110个基点几乎翻倍——<strong>评级机构仍给予BBB投资级评级，但CDS市场的定价已截然不同。</strong>SpaceX 2056年到期债券目前交易价格约为85美分。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a1b98f6b938446fc16b5d7fa384243fc\" data-align=\"center\" tg-width=\"1024\" tg-height=\"569\"/><span></span></p><p style=\"text-align: left;\"><strong>甲骨文的信用状况尤为值得关注。</strong>两周前，甲骨文2056年债券在“Jupiter项目”不可抗力事件后暴跌至历史低位，收益率超过8%，已宽于平均单B级垃圾债。其1.3吉瓦威斯康星州数据中心园区随后也出现问题。支撑甲骨文租赁数据中心的约800亿美元项目债务中，多笔Jupiter贷款已跌至89至91美分。</p><p style=\"text-align: left;\">博通五年期CDS周四扩大3个基点至136个基点，同样创历史纪录。</p><p style=\"text-align: left;\">Allspring Global Investments高级固定收益交易员Mark Clegg表示：</p><blockquote><p style=\"text-align: left;\">“每一次新的融资公告都像是又一个竞标者在争夺投资者的资产负债表，这造成了一年前难以想象的利差波动水平。有些天感觉市场每隔几小时就在召开紧急会议，重新定价AI建设规模。”</p></blockquote><h2 style=\"text-align: left;\">挤出效应蔓延：国债、垃圾债双双承压</h2><p style=\"text-align: left;\"><strong>AI融资浪潮的溢出效应已从科技信用市场蔓延至更广泛的资本市场。</strong></p><p style=\"text-align: left;\">路透专栏作者Wayne Cole指出，“主权借款人已不再是市场上的大块头，AI巨头正日益侵占其领地”，企业债竞争的前景推动亚洲交易时段10年期美债收益率重回5.31%，30年期收益率徘徊在5.70%附近。</p><p style=\"text-align: left;\">高盛的Privorotsky解释了其中逻辑：<strong>“如果你相信稀缺算力能产生20%至30%的复利内部收益率，你会很乐意以高单位数利率借款来建设它。但这对其他所有人——消费者、小企业，乃至那些在廉价资本时代构建资产负债表的政府——都造成了巨大压力。这或许可以解释为何实际收益率迟迟不肯下行。”</strong></p><p style=\"text-align: left;\"><strong>垃圾债市场的裂缝更为明显。</strong>据高盛信贷销售策略团队，美元CCC级利差周三收于998个基点，三个月内上涨219个基点，单月上涨123个基点，处于过去一年的第99百分位，距1000个基点仅差2个基点。与此同时，投资级指数利差维持在80个基点不变。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0379c4dbf5b3966f508fb7f1348dd15c\" data-align=\"center\" tg-width=\"1024\" tg-height=\"592\"/><span></span></p><p style=\"text-align: left;\">摩根大通TMT首席专家Brian Heavey今早也指出，SpaceX债券融资&#34;持续对政府债券形成压力&#34;，罗素指数在过去20个交易日中有17个交易日跑输纳斯达克——这在股票市场讲述的是同一个故事：<strong>做多人工智能，做空所有需要贷款的人。</strong></p><h2 style=\"text-align: left;\">两条出路，一个悬念</h2><p style=\"text-align: left;\"><strong>高盛的Privorotsky将当前局面归结为一个二元分叉：</strong></p><blockquote><p style=\"text-align: left;\">其一，AI产生足够的有机现金流，逐步实现自我融资，这使得下一季度超大规模云服务商的财报至关重要；其二，资本在其他领域遭到配给，经济中的薄弱环节开始断裂。</p></blockquote><p style=\"text-align: left;\">他补充道：“我们或许已经在CCC利差中看到了这一过程的开端。”</p><p style=\"text-align: left;\">Wavelength Capital Management首席投资官Andrew Dassori则指出，企业拥有庞大且不断增长的算力融资需求，但随着竞争加剧和潜在监管收紧，收入增长面临放缓风险，“市场正在适应这些条件，你可以从利差走势和波动率视角中看到这一点”。</p><p style=\"text-align: left;\">目前，甲骨文已是整个AI信用链条中被市场视为最薄弱的一环——其自身资产负债表已无法支撑廉价融资，不得不“租用”Apollo的资产负债表。OpenAI和Anthropic本就没有可言的资产负债表，SpaceX则在四个月内三度叩响资本市场大门。</p><p style=\"text-align: left;\"><strong>一笔为名为“墨西哥辣椒”芯片项目安排的500亿美元贷款，或许是对这场AI融资狂潮最生动的注脚。</strong></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SpaceX、博通、甲骨文密集天量发债！美国债市“挤爆了”，“集中度越来越高，最终都受AI周期影响”</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSpaceX、博通、甲骨文密集天量发债！美国债市“挤爆了”，“集中度越来越高，最终都受AI周期影响”\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-10-09 08:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">AI军备竞赛正在将美国债市推向临界点。<a href=\"https://laohu8.com/S/SPCX\">SpaceX</a>、<a href=\"https://laohu8.com/S/600455\">博通</a>、甲骨文在不到一周内合计寻求逾1500亿美元融资，叠加此前已在路演的博通-Anthropic600亿美元债务，AI生态系统的借贷狂潮已令公开债券市场趋于饱和，迫使越来越多的交易转入私募信贷和表外特殊目的载体（SPV）。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a428853d14ce34cfc753cc2622fa44b1\" data-align=\"center\" tg-width=\"1024\" tg-height=\"711\"/><span></span></p><p style=\"text-align: left;\"><strong>这场融资浪潮正在重塑整个信用市场的风险定价。</strong>据彭博数据，今年超级大额科技债（单笔250亿美元以上）已达9笔，创历史纪录，科技板块成为近期信用市场表现最差的板块之一。与此同时，甲骨文五年期CDS飙升至261个基点的历史收盘高位，SpaceX五年期CDS突破197个基点再创纪录，就连全球市值最高的英伟达，其五年期违约概率也被市场定价在逾7%。</p><p style=\"text-align: left;\">高盛信贷策略师Rich Privorotsky将这一局面定性为“资本争夺战”，并警告<strong>“挤出效应可能是巨大的”</strong>——AI借款方愿意以高单位数利率借入资金，导致美国国债收益率承压上行，10年期美债收益率重回5.31%，30年期徘徊在5.70%附近。</p><p style=\"text-align: left;\">T. Rowe Price固定收益组合经理Steven Kohlenstein则直言：“风险越来越集中在一小群公司身上，最终都指向同一个AI投资周期，即便这些风险分散在不同发行人、不同板块和不同融资结构之中，相关性风险可能并未在当前估值中得到充分体现。”</p><h2 style=\"text-align: left;\">一周1500亿：三笔巨型交易同步涌现</h2><p style=\"text-align: left;\"><strong>本轮融资浪潮的规模之大、节奏之密，令市场措手不及。</strong></p><p style=\"text-align: left;\">据华尔街日报报道，博通过去数周一直在为OpenAI的定制AI芯片项目安排逾500亿美元融资，Apollo和<a href=\"https://laohu8.com/S/BX\">黑石</a>均在接洽之列。与此同时，博通上周已开始为Anthropic的420亿美元A类优先有担保债券启动银团分销，黑石另行主导180亿美元B类次级债券并自掏90亿美元。彭博确认了上述谈判，但指出&#34;尚未启动正式流程&#34;，两家公司可能寻求&#34;约300亿美元债务作为下一阶段融资&#34;。</p><p style=\"text-align: left;\">甲骨文方面，据华尔街日报，该公司正与Apollo和高盛洽谈，通过表外载体为大规模芯片采购融资——具体结构或为由外部投资者出资设立独立公司购买芯片，再租赁给甲骨文。<strong>这一安排的目的，据报道是帮助甲骨文&#34;避免自行借入更多资金，以控制债务成本&#34;。</strong> 1吉瓦数据中心的英伟达芯片成本约为500亿至600亿美元，甲骨文希望在今年内完成交易。</p><p style=\"text-align: left;\">SpaceX则寻求约100亿美元银行贷款加300亿美元投资级债券，用于购买英伟达芯片，Apollo牵头，Pimco亦在接触之中。值得注意的是，SpaceX今年6月以860亿美元估值完成IPO，两周后即发行250亿美元债券，此次若再融资400亿美元，<strong>四个月内累计债务融资将达650亿美元，相当于IPO募资额的76%。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d475823025fee0d811655d87a994437b\" data-align=\"center\" tg-width=\"1024\" tg-height=\"635\"/><span></span></p><p style=\"text-align: left;\"></p><p style=\"text-align: left;\">将三笔交易合并计算，加上博通-Anthropic交易，AI生态系统在约一周内排队等待的芯片债务规模已逾1500亿美元，甲骨文交易金额尚未披露。</p><h2 style=\"text-align: left;\">债市&#34;挤爆了&#34;：公开市场趋于饱和，私募信贷接棒</h2><p style=\"text-align: left;\"><strong>公开债券市场已接近承载极限，这是本轮融资大量转向私募信贷和SPV的根本原因。</strong></p><p style=\"text-align: left;\">据彭博数据，今年超大规模云服务商、数据中心及AI基础设施项目的投资级和高收益债券发行量<strong>已达至少3600亿美元，占全球债券销售总量的5.8%，是去年1.9%占比的三倍</strong>。高盛信贷策略师Adam Crook的统计口径更宽，将今年全球AI相关债务总发行量计为5750亿美元以上，超大规模云服务商仅占其中40%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3bd506be0875c7e415d3d339f019df87\" data-align=\"center\" tg-width=\"1024\" tg-height=\"592\"/><span></span></p><p style=\"text-align: left;\"><strong>华尔街日报对此直言不讳：</strong>云服务商为AI建设“发行了数千亿美元债券，将公开债务市场推至极限”。正因如此，新一轮融资绕开了债券承销台，转而通过Apollo、黑石等私募信贷机构以SPV形式完成。</p><p style=\"text-align: left;\"><strong>表外债务的堆积速度已超过表内债务。</strong>芯片SPV的特殊之处在于，其抵押品为图形处理器，折旧速度远快于建筑物，而部分结构以短期银行贷款对应15至19年租约，实质上是押注Oracle等公司能在2028至2032年以当前利差完成再融资。</p><p style=\"text-align: left;\">Apollo在本周三笔交易中均有参与，此前还涉足博通6月搭建的融资平台、xAI的Colossus融资以及英伟达8月推出的5000亿美元&#34;算力融资平台&#34;。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/486fb6c98a57fca360a9a53af1c9f6d7\" data-align=\"center\" tg-width=\"1024\" tg-height=\"724\"/><span></span></p><h2 style=\"text-align: left;\">CDS创纪录，信用风险重新定价</h2><p style=\"text-align: left;\"><strong>信用衍生品市场的反应比评级机构更为直接。</strong></p><p style=\"text-align: left;\">据彭博，甲骨文五年期CDS周四上涨约10.5个基点，收于261个基点的历史高位，市场隐含的五年违约概率已超过20%。SpaceX五年期CDS从约181个基点跳升至197个基点，创历史新高，较9月中旬上涨约30%，较6月IPO时的约110个基点几乎翻倍——<strong>评级机构仍给予BBB投资级评级，但CDS市场的定价已截然不同。</strong>SpaceX 2056年到期债券目前交易价格约为85美分。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a1b98f6b938446fc16b5d7fa384243fc\" data-align=\"center\" tg-width=\"1024\" tg-height=\"569\"/><span></span></p><p style=\"text-align: left;\"><strong>甲骨文的信用状况尤为值得关注。</strong>两周前，甲骨文2056年债券在“Jupiter项目”不可抗力事件后暴跌至历史低位，收益率超过8%，已宽于平均单B级垃圾债。其1.3吉瓦威斯康星州数据中心园区随后也出现问题。支撑甲骨文租赁数据中心的约800亿美元项目债务中，多笔Jupiter贷款已跌至89至91美分。</p><p style=\"text-align: left;\">博通五年期CDS周四扩大3个基点至136个基点，同样创历史纪录。</p><p style=\"text-align: left;\">Allspring Global Investments高级固定收益交易员Mark Clegg表示：</p><blockquote><p style=\"text-align: left;\">“每一次新的融资公告都像是又一个竞标者在争夺投资者的资产负债表，这造成了一年前难以想象的利差波动水平。有些天感觉市场每隔几小时就在召开紧急会议，重新定价AI建设规模。”</p></blockquote><h2 style=\"text-align: left;\">挤出效应蔓延：国债、垃圾债双双承压</h2><p style=\"text-align: left;\"><strong>AI融资浪潮的溢出效应已从科技信用市场蔓延至更广泛的资本市场。</strong></p><p style=\"text-align: left;\">路透专栏作者Wayne Cole指出，“主权借款人已不再是市场上的大块头，AI巨头正日益侵占其领地”，企业债竞争的前景推动亚洲交易时段10年期美债收益率重回5.31%，30年期收益率徘徊在5.70%附近。</p><p style=\"text-align: left;\">高盛的Privorotsky解释了其中逻辑：<strong>“如果你相信稀缺算力能产生20%至30%的复利内部收益率，你会很乐意以高单位数利率借款来建设它。但这对其他所有人——消费者、小企业，乃至那些在廉价资本时代构建资产负债表的政府——都造成了巨大压力。这或许可以解释为何实际收益率迟迟不肯下行。”</strong></p><p style=\"text-align: left;\"><strong>垃圾债市场的裂缝更为明显。</strong>据高盛信贷销售策略团队，美元CCC级利差周三收于998个基点，三个月内上涨219个基点，单月上涨123个基点，处于过去一年的第99百分位，距1000个基点仅差2个基点。与此同时，投资级指数利差维持在80个基点不变。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0379c4dbf5b3966f508fb7f1348dd15c\" data-align=\"center\" tg-width=\"1024\" tg-height=\"592\"/><span></span></p><p style=\"text-align: left;\">摩根大通TMT首席专家Brian Heavey今早也指出，SpaceX债券融资&#34;持续对政府债券形成压力&#34;，罗素指数在过去20个交易日中有17个交易日跑输纳斯达克——这在股票市场讲述的是同一个故事：<strong>做多人工智能，做空所有需要贷款的人。</strong></p><h2 style=\"text-align: left;\">两条出路，一个悬念</h2><p style=\"text-align: left;\"><strong>高盛的Privorotsky将当前局面归结为一个二元分叉：</strong></p><blockquote><p style=\"text-align: left;\">其一，AI产生足够的有机现金流，逐步实现自我融资，这使得下一季度超大规模云服务商的财报至关重要；其二，资本在其他领域遭到配给，经济中的薄弱环节开始断裂。</p></blockquote><p style=\"text-align: left;\">他补充道：“我们或许已经在CCC利差中看到了这一过程的开端。”</p><p style=\"text-align: left;\">Wavelength Capital Management首席投资官Andrew Dassori则指出，企业拥有庞大且不断增长的算力融资需求，但随着竞争加剧和潜在监管收紧，收入增长面临放缓风险，“市场正在适应这些条件，你可以从利差走势和波动率视角中看到这一点”。</p><p style=\"text-align: left;\">目前，甲骨文已是整个AI信用链条中被市场视为最薄弱的一环——其自身资产负债表已无法支撑廉价融资，不得不“租用”Apollo的资产负债表。OpenAI和Anthropic本就没有可言的资产负债表，SpaceX则在四个月内三度叩响资本市场大门。</p><p style=\"text-align: left;\"><strong>一笔为名为“墨西哥辣椒”芯片项目安排的500亿美元贷款，或许是对这场AI融资狂潮最生动的注脚。</strong></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/2c35c8a27605936ee42c5dc8842ec36a","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3783234","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2674881674","content_text":"AI军备竞赛正在将美国债市推向临界点。SpaceX、博通、甲骨文在不到一周内合计寻求逾1500亿美元融资，叠加此前已在路演的博通-Anthropic600亿美元债务，AI生态系统的借贷狂潮已令公开债券市场趋于饱和，迫使越来越多的交易转入私募信贷和表外特殊目的载体（SPV）。这场融资浪潮正在重塑整个信用市场的风险定价。据彭博数据，今年超级大额科技债（单笔250亿美元以上）已达9笔，创历史纪录，科技板块成为近期信用市场表现最差的板块之一。与此同时，甲骨文五年期CDS飙升至261个基点的历史收盘高位，SpaceX五年期CDS突破197个基点再创纪录，就连全球市值最高的英伟达，其五年期违约概率也被市场定价在逾7%。高盛信贷策略师Rich Privorotsky将这一局面定性为“资本争夺战”，并警告“挤出效应可能是巨大的”——AI借款方愿意以高单位数利率借入资金，导致美国国债收益率承压上行，10年期美债收益率重回5.31%，30年期徘徊在5.70%附近。T. Rowe Price固定收益组合经理Steven Kohlenstein则直言：“风险越来越集中在一小群公司身上，最终都指向同一个AI投资周期，即便这些风险分散在不同发行人、不同板块和不同融资结构之中，相关性风险可能并未在当前估值中得到充分体现。”一周1500亿：三笔巨型交易同步涌现本轮融资浪潮的规模之大、节奏之密，令市场措手不及。据华尔街日报报道，博通过去数周一直在为OpenAI的定制AI芯片项目安排逾500亿美元融资，Apollo和黑石均在接洽之列。与此同时，博通上周已开始为Anthropic的420亿美元A类优先有担保债券启动银团分销，黑石另行主导180亿美元B类次级债券并自掏90亿美元。彭博确认了上述谈判，但指出\"尚未启动正式流程\"，两家公司可能寻求\"约300亿美元债务作为下一阶段融资\"。甲骨文方面，据华尔街日报，该公司正与Apollo和高盛洽谈，通过表外载体为大规模芯片采购融资——具体结构或为由外部投资者出资设立独立公司购买芯片，再租赁给甲骨文。这一安排的目的，据报道是帮助甲骨文\"避免自行借入更多资金，以控制债务成本\"。 1吉瓦数据中心的英伟达芯片成本约为500亿至600亿美元，甲骨文希望在今年内完成交易。SpaceX则寻求约100亿美元银行贷款加300亿美元投资级债券，用于购买英伟达芯片，Apollo牵头，Pimco亦在接触之中。值得注意的是，SpaceX今年6月以860亿美元估值完成IPO，两周后即发行250亿美元债券，此次若再融资400亿美元，四个月内累计债务融资将达650亿美元，相当于IPO募资额的76%。将三笔交易合并计算，加上博通-Anthropic交易，AI生态系统在约一周内排队等待的芯片债务规模已逾1500亿美元，甲骨文交易金额尚未披露。债市\"挤爆了\"：公开市场趋于饱和，私募信贷接棒公开债券市场已接近承载极限，这是本轮融资大量转向私募信贷和SPV的根本原因。据彭博数据，今年超大规模云服务商、数据中心及AI基础设施项目的投资级和高收益债券发行量已达至少3600亿美元，占全球债券销售总量的5.8%，是去年1.9%占比的三倍。高盛信贷策略师Adam Crook的统计口径更宽，将今年全球AI相关债务总发行量计为5750亿美元以上，超大规模云服务商仅占其中40%。华尔街日报对此直言不讳：云服务商为AI建设“发行了数千亿美元债券，将公开债务市场推至极限”。正因如此，新一轮融资绕开了债券承销台，转而通过Apollo、黑石等私募信贷机构以SPV形式完成。表外债务的堆积速度已超过表内债务。芯片SPV的特殊之处在于，其抵押品为图形处理器，折旧速度远快于建筑物，而部分结构以短期银行贷款对应15至19年租约，实质上是押注Oracle等公司能在2028至2032年以当前利差完成再融资。Apollo在本周三笔交易中均有参与，此前还涉足博通6月搭建的融资平台、xAI的Colossus融资以及英伟达8月推出的5000亿美元\"算力融资平台\"。CDS创纪录，信用风险重新定价信用衍生品市场的反应比评级机构更为直接。据彭博，甲骨文五年期CDS周四上涨约10.5个基点，收于261个基点的历史高位，市场隐含的五年违约概率已超过20%。SpaceX五年期CDS从约181个基点跳升至197个基点，创历史新高，较9月中旬上涨约30%，较6月IPO时的约110个基点几乎翻倍——评级机构仍给予BBB投资级评级，但CDS市场的定价已截然不同。SpaceX 2056年到期债券目前交易价格约为85美分。甲骨文的信用状况尤为值得关注。两周前，甲骨文2056年债券在“Jupiter项目”不可抗力事件后暴跌至历史低位，收益率超过8%，已宽于平均单B级垃圾债。其1.3吉瓦威斯康星州数据中心园区随后也出现问题。支撑甲骨文租赁数据中心的约800亿美元项目债务中，多笔Jupiter贷款已跌至89至91美分。博通五年期CDS周四扩大3个基点至136个基点，同样创历史纪录。Allspring Global Investments高级固定收益交易员Mark Clegg表示：“每一次新的融资公告都像是又一个竞标者在争夺投资者的资产负债表，这造成了一年前难以想象的利差波动水平。有些天感觉市场每隔几小时就在召开紧急会议，重新定价AI建设规模。”挤出效应蔓延：国债、垃圾债双双承压AI融资浪潮的溢出效应已从科技信用市场蔓延至更广泛的资本市场。路透专栏作者Wayne Cole指出，“主权借款人已不再是市场上的大块头，AI巨头正日益侵占其领地”，企业债竞争的前景推动亚洲交易时段10年期美债收益率重回5.31%，30年期收益率徘徊在5.70%附近。高盛的Privorotsky解释了其中逻辑：“如果你相信稀缺算力能产生20%至30%的复利内部收益率，你会很乐意以高单位数利率借款来建设它。但这对其他所有人——消费者、小企业，乃至那些在廉价资本时代构建资产负债表的政府——都造成了巨大压力。这或许可以解释为何实际收益率迟迟不肯下行。”垃圾债市场的裂缝更为明显。据高盛信贷销售策略团队，美元CCC级利差周三收于998个基点，三个月内上涨219个基点，单月上涨123个基点，处于过去一年的第99百分位，距1000个基点仅差2个基点。与此同时，投资级指数利差维持在80个基点不变。摩根大通TMT首席专家Brian Heavey今早也指出，SpaceX债券融资\"持续对政府债券形成压力\"，罗素指数在过去20个交易日中有17个交易日跑输纳斯达克——这在股票市场讲述的是同一个故事：做多人工智能，做空所有需要贷款的人。两条出路，一个悬念高盛的Privorotsky将当前局面归结为一个二元分叉：其一，AI产生足够的有机现金流，逐步实现自我融资，这使得下一季度超大规模云服务商的财报至关重要；其二，资本在其他领域遭到配给，经济中的薄弱环节开始断裂。他补充道：“我们或许已经在CCC利差中看到了这一过程的开端。”Wavelength Capital Management首席投资官Andrew Dassori则指出，企业拥有庞大且不断增长的算力融资需求，但随着竞争加剧和潜在监管收紧，收入增长面临放缓风险，“市场正在适应这些条件，你可以从利差走势和波动率视角中看到这一点”。目前，甲骨文已是整个AI信用链条中被市场视为最薄弱的一环——其自身资产负债表已无法支撑廉价融资，不得不“租用”Apollo的资产负债表。OpenAI和Anthropic本就没有可言的资产负债表，SpaceX则在四个月内三度叩响资本市场大门。一笔为名为“墨西哥辣椒”芯片项目安排的500亿美元贷款，或许是对这场AI融资狂潮最生动的注脚。","news_type":1,"symbols_score_info":{"MARS":0.6,"SPCQ":0.6,"WSPC":0.6,"SPCM":0.6,"ORCX":0.6,"AVGC":0.6,"AVGW":0.6,"AVGX":0.6,"LOFF":0.6,"AVGU":0.6,"SSPC":0.6,"ORAC":0.6,"QTOC":1.5,"SPAL":1.5,"SPCG":0.6,"ORCL":2,"SPAX":0.6,"SPCX":1.5,"XOVR":1.5,"AIPO":1.5,"CHAT":1.5,"ORCU":0.6,"AVGG":0.6,"UFO":0.6,"WARP":0.6,"ORCS":0.6,"SPCH":0.6,"ELOL":0.6,"SPCU":1.5,"VTHR":1.5,"SNK":1.5,"YSPC":0.6,"DSPC":0.6,"XOVL":0.6,"AVS":0.6,"ORCZ":0.6,"ORBX":0.6,"AVGO":2,"ARTY":1.5,"AVL":0.6,"SPCF":0.6,"AGIX":1.5,"LOFD":0.6}},"isVote":1,"tweetType":1,"viewCount":28,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":590332226245408,"gmtCreate":1785125592100,"gmtModify":1785125594129,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/688825\">$长鑫科技(688825)$ </a> 三天后就开始，你懂的！","listText":"<a href=\"https://laohu8.com/S/688825\">$长鑫科技(688825)$ </a> 三天后就开始，你懂的！","text":"$长鑫科技(688825)$ 三天后就开始，你懂的！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/590332226245408","isVote":1,"tweetType":1,"viewCount":1354,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":588938907505088,"gmtCreate":1784815342407,"gmtModify":1784815344195,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"做空了一亿股？","listText":"做空了一亿股？","text":"做空了一亿股？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/588938907505088","repostId":"1199972188","repostType":4,"repost":{"id":"1199972188","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1784808394,"share":"https://www.laohunote.com/m/news/1199972188?lang=zh_CN&edition=full","pubTime":"2026-07-23 20:06","market":"us","language":"zh","title":"Ortex：空头因SpaceX股价下跌浮盈155亿美元","url":"https://stock-news.laohu8.com/highlight/detail?id=1199972188","media":"老虎资讯综合","summary":"根据分析机构Ortex Technologies截至周二的数据，自航天与人工智能公司 $SpaceX(SPCX)$（SPCX）于6月中旬完成首次公开募股（IPO）以来，做空该公司股票的投资者因股价跌破IPO发行价，目前已获得约155亿美元的账面浮盈。沽空者（Short Sellers）的操作方式是借入股票后卖出，并在未来以更低的价格买回归还，从而赚取其中的价差利润。","content":"<html><head></head><body><p style=\"text-align: left;\">根据分析机构Ortex Technologies截至周二的数据，自航天与人工智能公司 <a href=\"https://laohu8.com/S/SPCX\">SpaceX</a>（SPCX）于6月中旬完成首次公开募股（IPO）以来，做空该公司股票的投资者因股价跌破IPO发行价，目前已获得约155亿美元的账面浮盈。</p><p style=\"text-align: left;\">沽空者（Short Sellers）的操作方式是借入股票后卖出，并在未来以更低的价格买回归还，从而赚取其中的价差利润。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7d0dc13cbfa4940bafcd072fd1c99f28\" data-align=\"center\" data-image-type=\"kline\" tg-width=\"560\" tg-height=\"240\"/><span></span></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ortex：空头因SpaceX股价下跌浮盈155亿美元</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOrtex：空头因SpaceX股价下跌浮盈155亿美元\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-07-23 20:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">根据分析机构Ortex Technologies截至周二的数据，自航天与人工智能公司 <a href=\"https://laohu8.com/S/SPCX\">SpaceX</a>（SPCX）于6月中旬完成首次公开募股（IPO）以来，做空该公司股票的投资者因股价跌破IPO发行价，目前已获得约155亿美元的账面浮盈。</p><p style=\"text-align: left;\">沽空者（Short Sellers）的操作方式是借入股票后卖出，并在未来以更低的价格买回归还，从而赚取其中的价差利润。</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7d0dc13cbfa4940bafcd072fd1c99f28\" data-align=\"center\" data-image-type=\"kline\" tg-width=\"560\" tg-height=\"240\"/><span></span></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f16a7a67d0d2e6f1e72c43b8fe10d226","relate_stocks":{"SPCM":"2倍做多SpaceX ETF-Tradr","SPCG":"2倍做空SpaceX ETF-Tradr","LOFF":"2倍做多SpaceX ETF-Direxion","SNK":"2倍做空SpaceX ETF-GraniteShares","SPCU":"2倍做多SpaceX ETF-Defiance","SPCX":"SPAC and New Issue ETF","SPCQ":"2倍做空SpaceX ETF-Defiance","SPCH":"2倍做多SpaceX ETF-Leverage Shares","SPAL":"2倍做多Space X ETF-GraniteShares","SSPC":"2倍做空SpaceX ETF-Leverage Shares","SPAX":"2倍做多SPACEX ETF-T-REX","SPCF":"2倍做多SpaceX ETF-ProShares"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199972188","content_text":"根据分析机构Ortex Technologies截至周二的数据，自航天与人工智能公司 SpaceX（SPCX）于6月中旬完成首次公开募股（IPO）以来，做空该公司股票的投资者因股价跌破IPO发行价，目前已获得约155亿美元的账面浮盈。沽空者（Short Sellers）的操作方式是借入股票后卖出，并在未来以更低的价格买回归还，从而赚取其中的价差利润。","news_type":1,"symbols_score_info":{"SNK":0.6,"SPAL":0.6,"SPCF":0.6,"SPCX":2,"LOFF":0.6,"SPAX":0.6,"SPCM":0.6,"SPCQ":0.6,"SSPC":0.6,"SPCU":0.6,"SPCG":0.6,"SPCH":0.6}},"isVote":1,"tweetType":1,"viewCount":1910,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":578423203860800,"gmtCreate":1782225805854,"gmtModify":1782226321440,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/SPCX\">$SpaceX(SPCX)$ </a> 马斯克的公司都是波动性大，这个人充满了争议！一个赌徒","listText":"<a href=\"https://laohu8.com/S/SPCX\">$SpaceX(SPCX)$ </a> 马斯克的公司都是波动性大，这个人充满了争议！一个赌徒","text":"$SpaceX(SPCX)$ 马斯克的公司都是波动性大，这个人充满了争议！一个赌徒","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/578423203860800","isVote":1,"tweetType":1,"viewCount":2011,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3561649565466203","authorId":"3561649565466203","name":"Huan娱","avatar":"https://static.tigerbbs.com/f1f0e6d86680b202c05ed56a4c11e9bb","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3561649565466203","idStr":"3561649565466203"},"content":"1⃣️一句废话2⃣️你又懂了？","text":"1⃣️一句废话2⃣️你又懂了？","html":"1⃣️一句废话2⃣️你又懂了？"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":571782157428328,"gmtCreate":1780619518054,"gmtModify":1780623421382,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/SOXS\">$三倍做空半导体ETF-Direxion Daily(SOXS)$&nbsp;</a> 这个股票可以持仓吗？我的意思是可以过夜吗？","listText":"<a href=\"https://laohu8.com/S/SOXS\">$三倍做空半导体ETF-Direxion Daily(SOXS)$&nbsp;</a> 这个股票可以持仓吗？我的意思是可以过夜吗？","text":"$三倍做空半导体ETF-Direxion Daily(SOXS)$ 这个股票可以持仓吗？我的意思是可以过夜吗？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/571782157428328","isVote":1,"tweetType":1,"viewCount":3677,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":569087405597432,"gmtCreate":1779941648698,"gmtModify":1779941895915,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/000001.SH\">$上证指数(000001.SH)$&nbsp;</a> 这是往下跌的信号吗？","listText":"<a href=\"https://laohu8.com/S/000001.SH\">$上证指数(000001.SH)$&nbsp;</a> 这是往下跌的信号吗？","text":"$上证指数(000001.SH)$ 这是往下跌的信号吗？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/569087405597432","isVote":1,"tweetType":1,"viewCount":1939,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":553586068141752,"gmtCreate":1776187447078,"gmtModify":1776187448956,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/00585\">$意力国际(00585)$ </a> 洗","listText":"<a href=\"https://laohu8.com/S/00585\">$意力国际(00585)$ </a> 洗","text":"$意力国际(00585)$ 洗","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/553586068141752","isVote":1,"tweetType":1,"viewCount":3776,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":549355432372192,"gmtCreate":1775141885191,"gmtModify":1775143290518,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/FUT/CLmain\">$WTI原油主连 2605(CLmain)$&nbsp;</a> 伊朗和美国在演双簧，最后都得到利益！以色列被当枪使！","listText":"<a href=\"https://laohu8.com/FUT/CLmain\">$WTI原油主连 2605(CLmain)$&nbsp;</a> 伊朗和美国在演双簧，最后都得到利益！以色列被当枪使！","text":"$WTI原油主连 2605(CLmain)$ 伊朗和美国在演双簧，最后都得到利益！以色列被当枪使！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/549355432372192","isVote":1,"tweetType":1,"viewCount":2228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":543789081916136,"gmtCreate":1773811296596,"gmtModify":1773811298376,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/00100\">$MINIMAX-WP(00100)$ </a> 奔着两千去","listText":"<a href=\"https://laohu8.com/S/00100\">$MINIMAX-WP(00100)$ </a> 奔着两千去","text":"$MINIMAX-WP(00100)$ 奔着两千去","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/543789081916136","isVote":1,"tweetType":1,"viewCount":1702,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":541431464719264,"gmtCreate":1773211017581,"gmtModify":1773211019872,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/02656\">$健康160(02656)$ </a> 看着这支票好像杀猪盘啊","listText":"<a href=\"https://laohu8.com/S/02656\">$健康160(02656)$ </a> 看着这支票好像杀猪盘啊","text":"$健康160(02656)$ 看着这支票好像杀猪盘啊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/541431464719264","isVote":1,"tweetType":1,"viewCount":2600,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":535911642556032,"gmtCreate":1771856891183,"gmtModify":1771856892974,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/FUT/SImain\">$白银主连 2603(SImain)$&nbsp;</a> 这个量是什么情况？","listText":"<a href=\"https://laohu8.com/FUT/SImain\">$白银主连 2603(SImain)$&nbsp;</a> 这个量是什么情况？","text":"$白银主连 2603(SImain)$ 这个量是什么情况？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/535911642556032","isVote":1,"tweetType":1,"viewCount":2376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":533995008381768,"gmtCreate":1771390760441,"gmtModify":1771390762277,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01757\">$俊裕地基(01757)$ </a> 一字断头刀","listText":"<a href=\"https://laohu8.com/S/01757\">$俊裕地基(01757)$ </a> 一字断头刀","text":"$俊裕地基(01757)$ 一字断头刀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/533995008381768","isVote":1,"tweetType":1,"viewCount":4236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":532043996440208,"gmtCreate":1770912642639,"gmtModify":1770912644490,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/FUT/GCmain\">$黄金主连 2604(GCmain)$&nbsp;</a> 没有交易量是个什么情况？","listText":"<a href=\"https://laohu8.com/FUT/GCmain\">$黄金主连 2604(GCmain)$&nbsp;</a> 没有交易量是个什么情况？","text":"$黄金主连 2604(GCmain)$ 没有交易量是个什么情况？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/532043996440208","isVote":1,"tweetType":1,"viewCount":2803,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":529011893678432,"gmtCreate":1770184544082,"gmtModify":1770184545885,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/FUT/GCmain\">$黄金主连 2604(GCmain)$&nbsp;</a> 可以开空了","listText":"<a href=\"https://laohu8.com/FUT/GCmain\">$黄金主连 2604(GCmain)$&nbsp;</a> 可以开空了","text":"$黄金主连 2604(GCmain)$ 可以开空了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/529011893678432","isVote":1,"tweetType":1,"viewCount":2468,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":526253984403736,"gmtCreate":1769504107591,"gmtModify":1769504471475,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01768\">$鸣鸣很忙(01768)$ </a> 圈钱，一路下跌，最后退市，股民买单","listText":"<a href=\"https://laohu8.com/S/01768\">$鸣鸣很忙(01768)$ </a> 圈钱，一路下跌，最后退市，股民买单","text":"$鸣鸣很忙(01768)$ 圈钱，一路下跌，最后退市，股民买单","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/526253984403736","isVote":1,"tweetType":1,"viewCount":3393,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3479274691172880","authorId":"3479274691172880","name":"DreamBig572","avatar":"https://static.laohu8.com/picture14","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3479274691172880","idStr":"3479274691172880"},"content":"坑爹公司，股民血本无归！","text":"坑爹公司，股民血本无归！","html":"坑爹公司，股民血本无归！"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":491997058761592,"gmtCreate":1761137645258,"gmtModify":1761137647118,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/FUT/GCmain\">$黄金主连 2512(GCmain)$&nbsp;</a> 到头了，会回调，就一头往下走了","listText":"<a href=\"https://laohu8.com/FUT/GCmain\">$黄金主连 2512(GCmain)$&nbsp;</a> 到头了，会回调，就一头往下走了","text":"$黄金主连 2512(GCmain)$ 到头了，会回调，就一头往下走了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/491997058761592","isVote":1,"tweetType":1,"viewCount":2741,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":488994244600368,"gmtCreate":1760369262925,"gmtModify":1760369264630,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/FUT/MGCmain\">$微黄金主连 2512(MGCmain)$&nbsp;</a> 交易量越来越大？！有空头止损？","listText":"<a href=\"https://laohu8.com/FUT/MGCmain\">$微黄金主连 2512(MGCmain)$&nbsp;</a> 交易量越来越大？！有空头止损？","text":"$微黄金主连 2512(MGCmain)$ 交易量越来越大？！有空头止损？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/488994244600368","isVote":1,"tweetType":1,"viewCount":2164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":476871610098448,"gmtCreate":1757446176990,"gmtModify":1757454469663,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/EPSM\">$Epsium Enterprise Ltd.(EPSM)$ </a> 香港人就是牛","listText":"<a href=\"https://laohu8.com/S/EPSM\">$Epsium Enterprise Ltd.(EPSM)$ </a> 香港人就是牛","text":"$Epsium Enterprise Ltd.(EPSM)$ 香港人就是牛","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/476871610098448","isVote":1,"tweetType":1,"viewCount":4187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":476863952224728,"gmtCreate":1757444279475,"gmtModify":1757444280673,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/QMMM\">$QMMM Holdings Limited.(QMMM)$ </a> 空头死完了","listText":"<a href=\"https://laohu8.com/S/QMMM\">$QMMM Holdings Limited.(QMMM)$ </a> 空头死完了","text":"$QMMM Holdings Limited.(QMMM)$ 空头死完了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/476863952224728","isVote":1,"tweetType":1,"viewCount":6715,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3470662065407748","authorId":"3470662065407748","name":"我要拿个锤","avatar":"https://static.tigerbbs.com/abeb7db2507a575db086cf9b28b2b032","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3470662065407748","idStr":"3470662065407748"},"content":"这玩意怎么买空阿？","text":"这玩意怎么买空阿？","html":"这玩意怎么买空阿？"}],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":355678965620952,"gmtCreate":1727845151615,"gmtModify":1727845152942,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/HSI\">$恒生指数(HSI)$&nbsp;</a> 趁着大涨一定要多赚钱，接下来就一定会有经济危机！","listText":"<a href=\"https://laohu8.com/S/HSI\">$恒生指数(HSI)$&nbsp;</a> 趁着大涨一定要多赚钱，接下来就一定会有经济危机！","text":"$恒生指数(HSI)$ 趁着大涨一定要多赚钱，接下来就一定会有经济危机！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/355678965620952","isVote":1,"tweetType":1,"viewCount":3497,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3436781399541111","authorId":"3436781399541111","name":"顺势而为2007","avatar":"https://static.tigerbbs.com/c0f43c6f15f7107128ed8c27ede2d8bb","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3436781399541111","idStr":"3436781399541111"},"content":"狗腿子们，使劲拉吧","text":"狗腿子们，使劲拉吧","html":"狗腿子们，使劲拉吧"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":650284870,"gmtCreate":1679303232990,"gmtModify":1679303235350,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01563\">$友联租赁(01563)$ &nbsp;</a>这妥妥的庄股，太明显！出完货或者直接空单砸下来获利！","listText":"<a href=\"https://laohu8.com/S/01563\">$友联租赁(01563)$ &nbsp;</a>这妥妥的庄股，太明显！出完货或者直接空单砸下来获利！","text":"$友联租赁(01563)$ 这妥妥的庄股，太明显！出完货或者直接空单砸下来获利！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/650284870","isVote":1,"tweetType":1,"viewCount":4544,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":665768619,"gmtCreate":1667512688232,"gmtModify":1667512745600,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/HUDI\">$华迪国际(HUDI)$</a>我在30.5空的两手，赚一千多没出，赔了两千四","listText":"<a href=\"https://laohu8.com/S/HUDI\">$华迪国际(HUDI)$</a>我在30.5空的两手，赚一千多没出，赔了两千四","text":"$华迪国际(HUDI)$我在30.5空的两手，赚一千多没出，赔了两千四","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":10,"repostSize":0,"link":"https://laohu8.com/post/665768619","isVote":1,"tweetType":1,"viewCount":5869,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4113813581552580","authorId":"4113813581552580","name":"未来者","avatar":"https://static.tigerbbs.com/94b29de8d6a14022aee71d57268537eb","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4113813581552580","idStr":"4113813581552580"},"content":"我个菜鸟都知道股票做多不做空","text":"我个菜鸟都知道股票做多不做空","html":"我个菜鸟都知道股票做多不做空"},{"author":{"id":"4113813581552580","authorId":"4113813581552580","name":"未来者","avatar":"https://static.tigerbbs.com/94b29de8d6a14022aee71d57268537eb","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4113813581552580","idStr":"4113813581552580"},"content":"我个菜鸟都知道做多不做空","text":"我个菜鸟都知道做多不做空","html":"我个菜鸟都知道做多不做空"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":334175321436320,"gmtCreate":1722618715365,"gmtModify":1722633217790,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/NIPG\">$星竞威武(NIPG)$ </a> 这种垃圾都能上市，真是他妈的韭菜太多了！","listText":"<a href=\"https://laohu8.com/S/NIPG\">$星竞威武(NIPG)$ </a> 这种垃圾都能上市，真是他妈的韭菜太多了！","text":"$星竞威武(NIPG)$ 这种垃圾都能上市，真是他妈的韭菜太多了！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/334175321436320","isVote":1,"tweetType":1,"viewCount":4046,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4131409357956500","authorId":"4131409357956500","name":"ruan_7128","avatar":"https://static.tigerbbs.com/8ad7f9c1716c3dead55c9cc240346dcb","crmLevel":7,"crmLevelSwitch":1,"authorIdStr":"4131409357956500","idStr":"4131409357956500"},"content":"是的，一点没错，典型的垃圾！","text":"是的，一点没错，典型的垃圾！","html":"是的，一点没错，典型的垃圾！"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":623475674,"gmtCreate":1671634518399,"gmtModify":1671634519362,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/WNW\">$美物科技有限公司(WNW)$ &nbsp;</a>空了三十一手，挣了八毛跑了","listText":"<a href=\"https://laohu8.com/S/WNW\">$美物科技有限公司(WNW)$ &nbsp;</a>空了三十一手，挣了八毛跑了","text":"$美物科技有限公司(WNW)$ 空了三十一手，挣了八毛跑了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":11,"repostSize":0,"link":"https://laohu8.com/post/623475674","isVote":1,"tweetType":1,"viewCount":16125,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3515011594842388","authorId":"3515011594842388","name":"A奋斗的小伙","avatar":"https://static.tigerbbs.com/168020f4df431739e6e5f896695658c8","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3515011594842388","idStr":"3515011594842388"},"content":"有人在做空","text":"有人在做空","html":"有人在做空"},{"author":{"id":"3481600953196341","authorId":"3481600953196341","name":"cdcd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3481600953196341","idStr":"3481600953196341"},"content":"感觉都是散户在抛","text":"感觉都是散户在抛","html":"感觉都是散户在抛"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":476871610098448,"gmtCreate":1757446176990,"gmtModify":1757454469663,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/EPSM\">$Epsium Enterprise Ltd.(EPSM)$ </a> 香港人就是牛","listText":"<a href=\"https://laohu8.com/S/EPSM\">$Epsium Enterprise Ltd.(EPSM)$ </a> 香港人就是牛","text":"$Epsium Enterprise Ltd.(EPSM)$ 香港人就是牛","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/476871610098448","isVote":1,"tweetType":1,"viewCount":4187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":569087405597432,"gmtCreate":1779941648698,"gmtModify":1779941895915,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/000001.SH\">$上证指数(000001.SH)$&nbsp;</a> 这是往下跌的信号吗？","listText":"<a href=\"https://laohu8.com/S/000001.SH\">$上证指数(000001.SH)$&nbsp;</a> 这是往下跌的信号吗？","text":"$上证指数(000001.SH)$ 这是往下跌的信号吗？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/569087405597432","isVote":1,"tweetType":1,"viewCount":1939,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":217124923474104,"gmtCreate":1694032051597,"gmtModify":1694032055175,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/HKIT\">$海天网络(HKIT)$ &nbsp;</a>还是没钱，有钱不怕赔，在30.50空了八手，到了33止损完，赔了1300，又在31.2空了三手，拿到15块钱跑了，还不敢多空！没胆色！做盘白搭","listText":"<a href=\"https://laohu8.com/S/HKIT\">$海天网络(HKIT)$ &nbsp;</a>还是没钱，有钱不怕赔，在30.50空了八手，到了33止损完，赔了1300，又在31.2空了三手，拿到15块钱跑了，还不敢多空！没胆色！做盘白搭","text":"$海天网络(HKIT)$ 还是没钱，有钱不怕赔，在30.50空了八手，到了33止损完，赔了1300，又在31.2空了三手，拿到15块钱跑了，还不敢多空！没胆色！做盘白搭","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/217124923474104","isVote":1,"tweetType":1,"viewCount":7410,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574983440358017","authorId":"3574983440358017","name":"那还好积极","avatar":"https://static.tigerbbs.com/82bfad086e3397856baec2c8346c93fc","crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3574983440358017","idStr":"3574983440358017"},"content":"8手怎么是陪1300？ 不是2000吗","text":"8手怎么是陪1300？ 不是2000吗","html":"8手怎么是陪1300？ 不是2000吗"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":476863952224728,"gmtCreate":1757444279475,"gmtModify":1757444280673,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/QMMM\">$QMMM Holdings Limited.(QMMM)$ </a> 空头死完了","listText":"<a href=\"https://laohu8.com/S/QMMM\">$QMMM Holdings Limited.(QMMM)$ </a> 空头死完了","text":"$QMMM Holdings Limited.(QMMM)$ 空头死完了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/476863952224728","isVote":1,"tweetType":1,"viewCount":6715,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3470662065407748","authorId":"3470662065407748","name":"我要拿个锤","avatar":"https://static.tigerbbs.com/abeb7db2507a575db086cf9b28b2b032","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3470662065407748","idStr":"3470662065407748"},"content":"这玩意怎么买空阿？","text":"这玩意怎么买空阿？","html":"这玩意怎么买空阿？"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":616462713218064,"gmtCreate":1791522806396,"gmtModify":1791522809699,"author":{"id":"3583298926087197","authorId":"3583298926087197","name":"四点半","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583298926087197","idStr":"3583298926087197"},"themes":[],"title":"","htmlText":"手续费高的离谱，谁敢频繁交易","listText":"手续费高的离谱，谁敢频繁交易","text":"手续费高的离谱，谁敢频繁交易","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/616462713218064","repostId":"1125017265","repostType":2,"repost":{"id":"1125017265","kind":"news","weMediaInfo":{"introduction":"快讯推送自媒体","home_visible":0,"media_name":"老虎快讯","id":"1061542828","head_image":"https://community-static.tradeup.com/news/6fb3c0336a0e7c79225e5feb8bd9d842"},"pubTimestamp":1791512621,"share":"https://www.laohunote.com/m/news/1125017265?lang=zh_CN&edition=full","pubTime":"2026-10-09 10:23","market":"hk","language":"zh","title":"香港证监会：香港交易所将发布有关延长股票交易时间的讨论文件","url":"https://stock-news.laohu8.com/highlight/detail?id=1125017265","media":"老虎快讯","summary":"香港证监会：香港交易所将发布有关延长股票交易时间的讨论文件","content":"<html><head></head><body><p style=\"text-align: left;\">香港证监会行政总裁梁凤仪周五在亚洲证券业与金融市场协会(ASIFMA)会议上发表讲话称，香港交易所将在第四季度发布一份关于延长交易时间的讨论文件。随着时间的推移，使用代币化货币和数码港元结算方式，可以支持更长时间的交易。香港交易所将尽快发布关于T+1结算的咨询结论，并确定目标实施日期。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f334dff60828a134188e01700afeffc\" data-align=\"center\" tg-width=\"956\" tg-height=\"1248\"/><span></span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/544266b440007781637c207eb07f059a\" data-align=\"center\" tg-width=\"914\" tg-height=\"1166\"/><span></span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09a2dd9973eb80dcef9731efc118ec3e\" data-align=\"center\" tg-width=\"928\" tg-height=\"1174\"/><span></span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f6086be4eb0c95c070b3cd8f6d6ff7a9\" data-align=\"center\" tg-width=\"862\" tg-height=\"722\"/><span></span></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>香港证监会：香港交易所将发布有关延长股票交易时间的讨论文件</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n香港证监会：香港交易所将发布有关延长股票交易时间的讨论文件\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/6fb3c0336a0e7c79225e5feb8bd9d842);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎快讯 </p>\n<p class=\"h-time\">2026-10-09 10:23</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">香港证监会行政总裁梁凤仪周五在亚洲证券业与金融市场协会(ASIFMA)会议上发表讲话称，香港交易所将在第四季度发布一份关于延长交易时间的讨论文件。随着时间的推移，使用代币化货币和数码港元结算方式，可以支持更长时间的交易。香港交易所将尽快发布关于T+1结算的咨询结论，并确定目标实施日期。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f334dff60828a134188e01700afeffc\" data-align=\"center\" tg-width=\"956\" tg-height=\"1248\"/><span></span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/544266b440007781637c207eb07f059a\" data-align=\"center\" tg-width=\"914\" tg-height=\"1166\"/><span></span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09a2dd9973eb80dcef9731efc118ec3e\" data-align=\"center\" tg-width=\"928\" tg-height=\"1174\"/><span></span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f6086be4eb0c95c070b3cd8f6d6ff7a9\" data-align=\"center\" tg-width=\"862\" tg-height=\"722\"/><span></span></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/38508134c6853c521e764dc952e7334a","relate_stocks":{"82800":"盈富基金-R","83115":"安硕恒生指数—R","03115":"安硕恒生指数","03419":"A GX恒指备兑","02800":"盈富基金","07200":"南方两倍做多恒指","07500":"南方两倍做空恒指","09115":"安硕恒生指数—U","00388":"香港交易所","HSI":"恒生指数","03037":"南方恒指ETF","07300":"南方一倍看空恒指"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125017265","content_text":"香港证监会行政总裁梁凤仪周五在亚洲证券业与金融市场协会(ASIFMA)会议上发表讲话称，香港交易所将在第四季度发布一份关于延长交易时间的讨论文件。随着时间的推移，使用代币化货币和数码港元结算方式，可以支持更长时间的交易。香港交易所将尽快发布关于T+1结算的咨询结论，并确定目标实施日期。","news_type":1,"symbols_score_info":{"82800":0.6,"83115":0.6,"09115":0.6,"07300":0.6,"03115":0.6,"00388":2,"03419":0.6,"07200":0.6,"07500":0.6,"03037":0.6,"02800":0.6,"HSI":2}},"isVote":1,"tweetType":1,"viewCount":49,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}