{"id":18934,"date":"2014-05-08T16:05:04","date_gmt":"2014-05-08T08:05:04","guid":{"rendered":"http:\/\/buzzorange.com\/citiorange\/2014\/05\/08\/the-decline-and-fall-of-trading-as-a-money-maker-for-giant-banks\/"},"modified":"2014-05-08T16:05:04","modified_gmt":"2014-05-08T08:05:04","slug":"the-decline-and-fall-of-trading-as-a-money-maker-for-giant-banks","status":"publish","type":"post","link":"https:\/\/buzzorange.com\/citiorange\/2014\/05\/08\/the-decline-and-fall-of-trading-as-a-money-maker-for-giant-banks\/","title":{"rendered":"\u79d1\u6280\u6539\u8b8a\u4e86\u4e16\u754c\uff0c\u73fe\u5728\u5b83\u4e5f\u6b63\u5728\u985b\u8986\u9280\u884c\u9019\u500b\u8001\u820a\u7522\u696d"},"content":{"rendered":"<p style=\"text-align: center;\"><a href=\"https:\/\/farm6.staticflickr.com\/5081\/5198262078_7612e7c778_z.jpg\"><img loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/farm6.staticflickr.com\/5081\/5198262078_7612e7c778_z.jpg\" alt=\"\" width=\"512\" height=\"384\" \/><\/a><\/p>\n<blockquote style=\"color: #000000;\"><p>\u300c<strong>\u96fb\u5b50\u4ea4\u6613\u7684\u9032\u6b65\uff0c\u5305\u62ec\u76f8\u7576\u60e1\u610f\u7684\u9ad8\u5ea6\u983b\u7e41\u4ea4\u6613\uff0c\u8b93\u50b3\u7d71\u4e0a\u70ba\u4ea4\u6613\u80a1\u7968\u7684\u5ba2\u6236\u5a92\u5408\u4ea4\u6613\u9806\u5e8f\u7684\u751f\u610f\u8b8a\u5f97\u7121\u5229\u53ef\u5716<\/strong>\u3002\u300d<\/p>\n<p>\u300aBO\u300b\u7de8\u6309\uff1a\u96a8\u8457\u96fb\u5b50\u4ea4\u6613\u9032\u6b65\u3001\u73fe\u4ee3\u4eba\u8d8a\u4f86\u8d8a\u7fd2\u6163\u7528\u667a\u6167\u624b\u6a5f\u7b49\u5a92\u4ecb\u7372\u53d6\u8cc7\u8a0a\u3001\u64cd\u4f5c\u91d1\u878d\u4ea4\u6613\uff0c\u81f4\u4f7f\u9280\u884c\u696d\u6b63\u5728\u55aa\u5931\u5c08\u696d\u7684\u8173\u8272\u3001\u7372\u5229\u7684\u5de5\u5177\uff08\u624b\u7e8c\u8cbb\u7b49\uff09\u3002<\/p>\n<p>\u79d1\u6280\u6539\u8b8a\u4e16\u754c\u3001\u8edf\u9ad4\u5403\u6389\u4e16\u754c\uff1b\u4e0d\u7ba1\u4f60\u600e\u9ebc\u5f62\u5bb9\u9019\u5c31\u662f\u4e00\u5834\u9769\u547d\u3002\u5373\u4fbf\u8001\u820a\u3001\u9811\u56fa\u5982\u91d1\u878d\u696d\u4e5f\u4e0d\u5f97\u4e0d\u9762\u81e8\u9019\u6a23\u7684\u6311\u6230\u3002<\/p><\/blockquote>\n<p style=\"color: #000000;\">\u66fe\u7d93\u83ef\u723e\u8857\u4ea4\u6613\u54e1\u8cfa\u9322\u5c31\u8ddf\u5370\u9214\u7968\u4e00\u6a23\u5bb9\u6613\uff0c\u4f46\u5982\u4eca\u597d\u666f\u4e0d\u518d\uff0c\u4ea4\u6613\u7684\u5229\u6f64\u6b63\u5728\u4e0b\u964d\u3002<\/p>\n<p style=\"color: #000000;\">\u8a31\u591a\u5927\u578b\u9280\u884c\u6b63\u5728\u5f9e\u66fe\u7d93\u6709\u5229\u53ef\u5716\u7684\u4e8b\u696d\uff0c\u50cf\u662f\u4ea4\u6613\u8b49\u5238\u3001\u50b5\u5238\u3001\u671f\u8ca8\u7b49\u5404\u8272\u7684\u91d1\u878d\u884d\u751f\u5546\u54c1\u4e2d\u767c\u8d77\u4e00\u5834\u6065\u8fb1\u7684\u64a4\u9000\u3002<\/p>\n<p style=\"color: #000000;\">\u7f8e\u570b\u91d1\u878d\u696d\u4e94\u5927\u5de8\u982d\uff1a\u6469\u6839\u5927\u901a\u3001\u9ad8\u76db\u3001\u7f8e\u570b\u9280\u884c\u3001\u82b1\u65d7\u96c6\u5718\u3001\u6469\u6839\u53f2\u5766\u5229\uff0c\u5728 2014 \u5e74\u7b2c\u4e00\u5b63\u4e2d\u7372\u5f97\u4e86 216 \u5104\u7f8e\u5143\u7684\u7e3d\u4ea4\u6613\u6536\u76ca\uff0c\u9019\u6bd4\u524d\u4e00\u5e74\u5c11\u4e86 10%\uff0c\u800c\u4e14\u6bd4\u5728 2009 \u5e74\u91d1\u878d\u696d\u66fe\u9054\u5230\u7684\u6b77\u53f2\u9ad8\u5cf0 367 \u5104\u7f8e\u5143\u5c11\u4e86\u6574\u6574 41%\uff08\u9019\u6a23\u9a5a\u4eba\u7684\u6536\u76ca\u4f86\u81ea\u65bc\u7576\u6642\u6050\u614c\u7684\u6295\u8cc7\u8005\u5011\uff0c\u4ed6\u5011\u760b\u72c2\u7684\u6295\u5165\u63a8\u9ad8\u4e86\u4ea4\u6613\u91cf\uff0c\u540c\u6642\u4e5f\u70ba\u9280\u884c\u5e36\u4f86\u4e86\u4e0d\u5c11\u624b\u7e8c\u8cbb\u7684\u6536\u76ca\uff09\u3002<\/p>\n<p style=\"color: #000000;\">\u7c21\u8a00\u4e4b\uff0c\u525b\u525b\u63d0\u53ca\u7684\u9019\u4e9b\u300c\u4ea4\u6613\u300d\u5728\u5927\u578b\u9280\u884c\u696d\u52d9\u4f54\u7684\u6bd4\u4f8b\u5c07\u8d8a\u4f86\u8d8a\u5c11\u3002<\/p>\n<p style=\"text-align: center;\"><a href=\"\/\/qzprod.files.wordpress.com\/2014\/04\/average-quarterly-trading-revenues-at-largest-us-trading-firms-average-quarterly-trading-revenues-at-us-banks_chartbuilder-1.png?w=1024&amp;h=576\"><img loading=\"lazy\" class=\"aligncenter\" src=\"\/\/qzprod.files.wordpress.com\/2014\/04\/average-quarterly-trading-revenues-at-largest-us-trading-firms-average-quarterly-trading-revenues-at-us-banks_chartbuilder-1.png?w=1024&amp;h=576\" alt=\"\" width=\"574\" height=\"323\" \/><\/a><\/p>\n<ul style=\"color: #000000;\">\n<li><span style=\"color: #800000;\"><strong>\u5fd8\u4e86\u91d1\u878d\u4ea4\u6613\u4e2d\u7684\u300c\u56fa\u5b9a\u6536\u76ca\u3001\u8ca8\u5e63\u53ca\u5546\u54c1\u300d\u5427\uff01<\/strong><\/span><\/li>\n<\/ul>\n<p style=\"color: #000000;\">\u6211\u5011\u525b\u525b\u63d0\u53ca\u6b63\u5728\u300c\u6d88\u5931\u7684\u4ea4\u6613\u300d\uff0c\u5176\u4e2d\u53c8\u662f\u54ea\u4e9b\u90e8\u5206\u7684\u4ea4\u6613\u88ab\u6253\u64ca\u5f97\u6700\u56b4\u91cd\uff1f<\/p>\n<p style=\"color: #000000;\">\u662f FICC\uff08Fixed Income, Currencies and Commodities\uff09\uff0c\u4e5f\u5c31\u662f\u5728\u4e3b\u8981\u9280\u884c\u4e2d\u7684\u56fa\u5b9a\u6536\u76ca\u3001\u8ca8\u5e63\u3001\u671f\u8ca8\u4ea4\u6613\u7684\u90e8\u5206\u3002<\/p>\n<p style=\"color: #000000;\">\u9019\u500b\u9818\u57df\u5148\u524d\u66fe\u662f\u6469\u6839\u53f2\u5766\u5229\u3001\u9ad8\u76db\u7684\u4e3b\u8981\u7372\u5229\u5f15\u64ce\u4e4b\u4e00\uff0c\u4f46\u73fe\u5728\u9019\u500b\u60c5\u5f62\u5df2\u7d93\u6539\u8b8a\u4e86\u3002\u65b0\u7684\u6cd5\u5247\uff0d\u50cf\u662f\u4f0f\u514b\u723e\u6cd5\u5247\uff08<a href=\"\/\/wiki.mbalib.com\/zh-tw\/%E6%B2%83%E5%B0%94%E5%85%8B%E6%B3%95%E5%88%99\" target=\"_blank\" rel=\"noopener\">The Volcker Rule<\/a>\uff09\uff0c\u8feb\u4f7f\u9280\u884c\u6e1b\u5c11\u5728\u6295\u6a5f\u6027\u4ea4\u6613\u7684\u6295\u8cc7\u3002\u5176\u4ed6\u7684\u898f\u7bc4\uff0c\u50cf\u662f\u6240\u8b02\u7684<a href=\"\/\/zh.wikipedia.org\/wiki\/%E6%96%B0%E5%B7%B4%E5%A1%9E%E7%88%BE%E8%B3%87%E6%9C%AC%E5%8D%94%E5%AE%9A\" target=\"_blank\" rel=\"noopener\">\u65b0\u5df4\u585e\u723e\u8cc7\u672c\u5354\u5b9a<\/a>\uff08Basel \u2162 Capital Rules\uff09\uff0c\u9650\u5236\u4e86\u9280\u884c\u5728\u5b83\u5011\u6240\u8655\u7684\u5e02\u5834\u4f4d\u7f6e\u4e2d\uff0c\u53ef\u4ee5\u7528\u4f86\u589e\u52a0\u5728\u56de\u5831\u548c\u5192\u96aa\u4e0a\u7684\u501f\u7528\u8cc7\u91d1\u91cf\u3002<\/p>\n<p style=\"text-align: center;\"><a href=\"\/\/qzprod.files.wordpress.com\/2014\/04\/quarterly-revenues-from-fixed-income-sales-and-trading-goldman-morgan-stanley_chartbuilder.png?w=1024&amp;h=576\"><img loading=\"lazy\" class=\"aligncenter\" src=\"\/\/qzprod.files.wordpress.com\/2014\/04\/quarterly-revenues-from-fixed-income-sales-and-trading-goldman-morgan-stanley_chartbuilder.png?w=1024&amp;h=576\" alt=\"\" width=\"574\" height=\"323\" \/><\/a><\/p>\n<p style=\"color: #000000;\">\u6839\u64da\u7d00\u9304\uff0c\u9019\u4e26\u4e0d\u53ea\u662f\u4e00\u500b\u7f8e\u570b\u73fe\u8c61\uff0c\u8209\u4f8b\u4f86\u8aaa\uff0c\u82f1\u570b\u5df4\u514b\u840a\u9280\u884c\u548c\u5fb7\u610f\u5fd7\u9280\u884c\u7684\u4ea4\u6613\u6536\u76ca\u540c\u6a23\u5927\u5e45\u4e0b\u964d\uff08\u5982\u4e0b\u5716\uff09\u3002<\/p>\n<p style=\"text-align: center;\"><a href=\"\/\/qzprod.files.wordpress.com\/2014\/04\/barclays-and-deutsche-bank-s-fixed-income-revenues-barclays-deutsche_chartbuilder.png?w=1024&amp;h=576\"><img loading=\"lazy\" class=\"aligncenter\" src=\"\/\/qzprod.files.wordpress.com\/2014\/04\/barclays-and-deutsche-bank-s-fixed-income-revenues-barclays-deutsche_chartbuilder.png?w=1024&amp;h=576\" alt=\"\" width=\"614\" height=\"346\" \/><\/a><\/p>\n<ul style=\"color: #000000;\">\n<li><span style=\"color: #800000;\"><strong>\u9664\u4e86 FICC \u4e4b\u5916\uff0c\u671f\u8ca8\u540c\u6a23\u53d7\u5230\u4e86\u5f71\u97ff<\/strong><\/span><\/li>\n<\/ul>\n<p style=\"color: #000000;\">\u65b0\u7684\u898f\u5b9a\u540c\u6a23\u5c0d\u671f\u8ca8\u4ea4\u6613\u4e8b\u696d\u9020\u6210\u5f71\u97ff\u3002<\/p>\n<p style=\"color: #000000;\">\u5728 2012 \u81f3 2013 \u5e74\u9593\uff0c\u6839\u64da\u671f\u8ca8\u4ea4\u6613\u5e02\u5834\u7814\u7a76\u516c\u53f8<a href=\"\/\/www.coalition.com\/history.html?_ga=1.89534619.1018870919.1393823677\" target=\"_blank\" rel=\"noopener\">\u00a0Coalition<\/a>\u00a0\u6700\u65b0\u7684\u5168\u5e74\u8cc7\u6599\uff0c\u5728\u5927\u578b\u9280\u884c\u7684\u671f\u8ca8\u4ea4\u6613\u6536\u76ca\u4e0b\u964d\u4e86 18%\u3002\u4f5c\u70ba\u9280\u884c FICC \u6536\u76ca\u7684\u4e00\u90e8\u4efd\uff0c\u671f\u8ca8\u5728\u6536\u76ca\u4e2d\u4f54\u7684\u6bd4\u4f8b\u5f9e 2008 \u5e74\u5927\u7d04\u6709 30% \u7e2e\u6e1b\u5230\u7d04 6% \u7684\u4efd\u984d\u3002<\/p>\n<p style=\"text-align: center;\"><a href=\"\/\/qzprod.files.wordpress.com\/2014\/04\/screen-shot-2014-05-02-at-11-28-02-am.png?w=1024&amp;h=441\"><img loading=\"lazy\" class=\"aligncenter\" src=\"\/\/qzprod.files.wordpress.com\/2014\/04\/screen-shot-2014-05-02-at-11-28-02-am.png?w=1024&amp;h=441\" alt=\"\" width=\"717\" height=\"309\" \/><\/a><\/p>\n<p style=\"color: #000000;\">\u9019\u662f\u70ba\u4ec0\u9ebc\u5462\uff1f\u5176\u5be6\u662f\u540c\u6a23\u7684\u539f\u56e0\uff0c<strong>\u88ab\u8a2d\u8a08\u4f86\u6e1b\u5c11\u9280\u884c\u98a8\u96aa\u6295\u8cc7\u7684\u6cd5\u898f\u4f7f\u5f97\u9019\u4e9b\u4e8b\u696d\u8b8a\u5f97\u7121\u5229\u53ef\u5716<\/strong>\u3002<\/p>\n<p style=\"color: #000000;\">\u7ba1\u7406\u8005\u5c0d\u65bc\u4e00\u4e9b\u5be6\u9ad4\u5546\u54c1\u671f\u8ca8\u4ea4\u6613\u7684\u4f5c\u6cd5\u4e26\u4e0d\u6eff\u610f\uff0c\u9019\u4e9b\u505a\u6cd5\u6307\u7684\u662f\u7576\u4e00\u4e9b\u91d1\u878d\u4ea4\u6613\u6a5f\u69cb\u4e0d\u53ea\u662f\u5728\u7d19\u4e0a\u4ea4\u6613\u8cc7\u7522\uff0c\u9084\u540c\u6642\u8cfc\u8cb7\u4e26\u5b58\u653e\u5927\u91cf\u7684\u7a00\u6709\u91d1\u5c6c\uff0c\u50cf\u662f\u92c1\u3002<\/p>\n<p style=\"color: #000000;\">\u9019\u4e9b\u64cd\u4f5c\u5728\u8fd1\u5e74\u4f86\u53d7\u5230\u8d8a\u4f86\u8d8a\u56b4\u683c\u7684\u76e3\u7763\uff0c\u800c\u9280\u884c\u5011\u4f3c\u4e4e\u7686\u9810\u898b\u4e86\u9019\u500b\u60c5\u5f62\u3002<\/p>\n<p style=\"color: #000000;\">\u6469\u6839\u5927\u901a\u548c\u6469\u6839\u53f2\u5766\u5229\u65e9\u5c31\u5df2\u7d93\u516c\u5e03\u4e86\u4ed6\u5011\u7684\u5be6\u9ad4\u5546\u54c1\u671f\u8ca8\u4ea4\u6613\u7684\u92b7\u552e\u7d00\u9304\u3002\u5df4\u514b\u840a\u5728 4 \u6708 22 \u65e5\u4e5f\u5ba3\u5e03\u5c07\u8a08\u756b\u64a4\u51fa\u5927\u90e8\u5206\u7684\u671f\u8ca8\u4ea4\u6613\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u9ad8\u76db\u537b\u5c07\u6301\u7e8c\u5176\u5728\u671f\u8ca8\u4ea4\u6613\u7684\u696d\u52d9\u3002<\/p>\n<ul style=\"color: #000000;\">\n<li><span style=\"color: #800000;\"><strong>\u90a3\u300c\u80a1\u7968\u4ea4\u6613\u300d\u5462\uff0c\u5b83\u4e5f\u9762\u81e8\u4e86\u5371\u6a5f\u55ce\uff1f<\/strong><\/span><\/li>\n<\/ul>\n<p style=\"color: #000000;\">\u5728\u904e\u53bb\u5e7e\u5e74\u4f86\uff0c\u9280\u884c\u548c\u5927\u578b\u6a5f\u69cb\u6295\u8cc7\u8005\u5982\u5171\u540c\u57fa\u91d1\u9593\u8cb7\u8ce3\u5927\u91cf\u80a1\u7968\u7684\u50b3\u7d71\u4e8b\u696d\uff0c\u6b63\u5728\u6210\u70ba\u5176\u7e3d\u9ad4\u4e8b\u696d\u4e2d\u8f03\u5c0f\u7684\u90e8\u5206\u3002\u80a1\u7968\u4ea4\u6613\u91cf\u5728 2009 \u9054\u5230\u9802\u9ede\u4e4b\u5f8c\u5c31\u958b\u59cb\u9032\u5165\u4e86\u4f4e\u8ff7\u7684\u72c0\u614b\uff0c\u800c\u9019\u610f\u5473\u8457\u624b\u7e8c\u8cbb\u5c07\u6e1b\u5c11\u3002<\/p>\n<p style=\"text-align: center;\"><a href=\"\/\/qzprod.files.wordpress.com\/2014\/04\/percentage-difference-in-stock-equity-volumes-from-prior-year-percentage-change-from-previous-year_chartbuilder.png?w=1024&amp;h=576\"><img loading=\"lazy\" class=\"aligncenter\" src=\"\/\/qzprod.files.wordpress.com\/2014\/04\/percentage-difference-in-stock-equity-volumes-from-prior-year-percentage-change-from-previous-year_chartbuilder.png?w=1024&amp;h=576\" alt=\"\" width=\"614\" height=\"346\" \/><\/a><\/p>\n<p style=\"color: #000000;\">\u4f46\u9019\u4e26\u4e0d\u53ea\u662f\u610f\u5473\u8457\u91cf\u7684\u6e1b\u5c11\uff0c\u6295\u8cc7\u9280\u884c\u00a0<a href=\"\/\/www.sandleroneill.com\/\" target=\"_blank\" rel=\"noopener\">Sandler O\u2019Neill\u00a0<\/a>\u7684\u5206\u6790\u5e2b Jeff Harte\u00a0\u8aaa\uff1a\u300c\u5728\u4ea4\u6613\u65b9\u9762\u7684\u79d1\u6280\u9032\u6b65\u8b93\u6210\u672c\u964d\u4f4e\uff0c\u6240\u4ee5\u9280\u884c\u5728\u4ea4\u6613\u7684\u7372\u5229\u964d\u4f4e\u3002\u300d\u63db\u8a00\u4e4b\uff0c<strong>\u5728\u96fb\u5b50\u4ea4\u6613\u7684\u9032\u6b65\uff0c\u5305\u62ec\u76f8\u7576\u60e1\u610f\u7684\u9ad8\u5ea6\u983b\u7e41\u4ea4\u6613\uff0c\u8b93\u50b3\u7d71\u4e0a\u70ba\u4ea4\u6613\u80a1\u7968\u7684\u5ba2\u6236\u5a92\u5408\u4ea4\u6613\u9806\u5e8f\u7684\u751f\u610f\u8b8a\u5f97\u7121\u5229\u53ef\u5716<\/strong>\u3002<\/p>\n<ul style=\"color: #000000;\">\n<li><span style=\"color: #800000;\"><strong>\u6574\u500b\u91d1\u878d\u696d\uff0c\u5982\u4eca\u662f\u66f4\u52a0\u5b89\u5168\u537b\u4e0d\u8ff7\u4eba<\/strong><\/span><\/li>\n<\/ul>\n<p style=\"color: #000000;\">\u7e2e\u6e1b\u4e2d\u7684\u4ea4\u6613\u4e8b\u696d\u662f\u4e00\u500b\u5927\u7684\u6539\u8b8a\uff0c\u4f46\u9019\u4e26\u975e\u4e0d\u80fd\u9810\u671f\u3002<\/p>\n<p style=\"color: #000000;\">\u5f9e\u5927\u7684\u65b9\u9762\u4f86\u8aaa\uff0c\u9019\u4e9b\u65b0\u5236\u5ea6\u662f\u70ba\u4e86\u4f7f\u91d1\u878d\u9ad4\u7cfb\u5728\u5168\u7403\u91d1\u878d\u5371\u6a5f\u7684\u9918\u6ce2\u4e2d\u66f4\u52a0\u5065\u5168\uff0c\u4f46\u9019\u4e9b\u65b0\u5236\u5ea6\u540c\u6642\u4e5f\u5e36\u4f86\u4e86\u300c\u524a\u5f31\u4ea4\u6613\u300d\u7684\u81ea\u7136\u767c\u5c55\u3002\u9019\u5c0d\u90a3\u4e9b\u7528\u9280\u884c\u8cc7\u91d1\u505a\u8ced\u6ce8\u4f86\u8cfa\u9322\u7684\u4ea4\u6613\u54e1\u800c\u8a00\uff0c\u6216\u8a31\u662f\u4e00\u500b\u58de\u6d88\u606f\uff08\u96d6\u7136\u5982\u679c\u4ed6\u5011\u8db3\u5920\u512a\u79c0\uff0c\u4ed6\u5011\u7e3d\u80fd\u5728\u5c0d\u6c96\u57fa\u91d1\u627e\u5230\u4e00\u4efd\u5de5\u4f5c\uff09\u3002\u800c\u9019\u5c0d\u90a3\u4e9b\u5728\u5371\u6a5f\u524d\u62ff\u4e86\u4e0d\u5c11\u7a2e\u80a1\u5229\u7684\u9280\u884c\u80a1\u4efd\u6301\u6709\u8005\u4f86\u8aaa\uff0c\u540c\u6a23\u4e5f\u662f\u500b\u58de\u6d88\u606f\uff08\u5c24\u5176\u662f\u5c0d\u82b1\u65d7\u96c6\u5718\u7684\u6295\u8cc7\u8005\uff09\u3002<\/p>\n<p style=\"color: #000000;\">\u4f46\u5c0d\u6574\u9ad4\u7d93\u6fdf\u4f86\u8aaa\uff0c\u5065\u5168\u7684\u5e02\u5834\u8b93\u4ea4\u6613\u7684\u56de\u5831\u63d0\u9ad8\u3002<\/p>\n<p style=\"color: #000000;\">\uff08\u8cc7\u6599\u4f86\u6e90\uff1a<a href=\"\/\/qz.com\/201858\/the-decline-and-fall-of-trading-as-a-money-maker-for-giant-banks\/\" target=\"_blank\" rel=\"noopener\">Quartz<\/a>\uff1b\u5716\u7247\u4f86\u6e90\uff1a<a href=\"https:\/\/www.flickr.com\/photos\/sacharules\/5198262078\/sizes\/z\/\" target=\"_blank\" rel=\"noopener\">sachman75<\/a>\uff0cCC Licensed\uff09<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u300c\u96fb\u5b50\u4ea4\u6613\u7684\u9032\u6b65\uff0c\u5305\u62ec\u76f8\u7576\u60e1\u610f\u7684\u9ad8\u5ea6\u983b\u7e41\u4ea4\u6613\uff0c\u8b93\u50b3\u7d71\u4e0a\u70ba\u4ea4\u6613\u80a1\u7968\u7684\u5ba2\u6236\u5a92\u5408\u4ea4\u6613\u9806\u5e8f\u7684\u751f\u610f\u8b8a\u5f97\u7121\u5229\u53ef\u5716\u3002\u300d \u300aBO\u300b\u7de8\u6309\uff1a\u96a8\u8457\u96fb\u5b50\u4ea4\u6613\u9032\u6b65\u3001\u73fe\u4ee3\u4eba\u8d8a\u4f86\u8d8a\u7fd2\u6163\u7528\u667a\u6167\u624b\u6a5f\u7b49\u5a92\u4ecb\u7372\u53d6\u8cc7\u8a0a\u3001\u64cd\u4f5c\u91d1\u878d\u4ea4\u6613\uff0c\u81f4\u4f7f\u9280[&#8230;]<\/p>\n","protected":false},"author":319,"featured_media":40620,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[4801,29449,275],"_links":{"self":[{"href":"https:\/\/buzzorange.com\/citiorange\/wp-json\/wp\/v2\/posts\/18934"}],"collection":[{"href":"https:\/\/buzzorange.com\/citiorange\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buzzorange.com\/citiorange\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buzzorange.com\/citiorange\/wp-json\/wp\/v2\/users\/319"}],"replies":[{"embeddable":true,"href":"https:\/\/buzzorange.com\/citiorange\/wp-json\/wp\/v2\/comments?post=18934"}],"version-history":[{"count":0,"href":"https:\/\/buzzorange.com\/citiorange\/wp-json\/wp\/v2\/posts\/18934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buzzorange.com\/citiorange\/wp-json\/wp\/v2\/media\/40620"}],"wp:attachment":[{"href":"https:\/\/buzzorange.com\/citiorange\/wp-json\/wp\/v2\/media?parent=18934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buzzorange.com\/citiorange\/wp-json\/wp\/v2\/categories?post=18934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buzzorange.com\/citiorange\/wp-json\/wp\/v2\/tags?post=18934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}