{"id":2463043,"date":"2025-03-15T08:05:31","date_gmt":"2025-03-15T08:05:31","guid":{"rendered":"https:\/\/www.wacoca.com\/news\/2463043\/"},"modified":"2025-03-15T08:05:31","modified_gmt":"2025-03-15T08:05:31","slug":"%e7%84%a6%e7%82%b9%ef%bc%9a%e4%b8%ad%e5%9b%bd%e6%a0%aa%e3%80%81%e3%83%88%e3%83%a9%e3%83%b3%e3%83%97%e9%96%a2%e7%a8%8e%e3%81%a7%e5%86%8d%e3%81%b3%e3%80%8c%e5%81%89%e5%a4%a7%e3%80%8d%e3%81%ab%e3%80%80","status":"publish","type":"post","link":"https:\/\/www.wacoca.com\/news\/2463043\/","title":{"rendered":"\u7126\u70b9\uff1a\u4e2d\u56fd\u682a\u3001\u30c8\u30e9\u30f3\u30d7\u95a2\u7a0e\u3067\u518d\u3073\u300c\u5049\u5927\u300d\u306b\u3000\u907f\u96e3\u5148\u3067\u6ce8\u76ee\u9ad8\u307e\u308b | \u30ed\u30a4\u30bf\u30fc"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.wacoca.com\/news\/wp-content\/uploads\/2025\/03\/QLJIZD4DGNI6JPHEMFITIJAENY.jpg\"   width=\"4086\" height=\"2782\" alt=\"&#x7126;&#x70B9;&#xFF1A;&#x4E2D;&#x56FD;&#x682A;&#x3001;&#x30C8;&#x30E9;&#x30F3;&#x30D7;&#x95A2;&#x7A0E;&#x3067;&#x518D;&#x3073;&#x300C;&#x5049;&#x5927;&#x300D;&#x306B;&#x3000;&#x907F;&#x96E3;&#x5148;&#x3067;&#x6CE8;&#x76EE;&#x9AD8;&#x307E;&#x308B;\"\/><\/p>\n<p>    \u30c8\u30e9\u30f3\u30d7\u7c73\u5927\u7d71\u9818\uff08\u5de6\uff09\u306b\u3088\u308b\u8cbf\u6613\u6226\u4e89\u304c\u666f\u6c17\u5f8c\u9000\u61f8\u5ff5\u3092\u547c\u3073\u8d77\u3053\u3059\u4e2d\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u6295\u8cc7\u5bb6\u306f\u601d\u308f\u306c\u65b0\u305f\u306a\u907f\u96e3\u5834\u6240\u3092\u898b\u3064\u3051\u305f\u3002\u305d\u308c\u306f\u4e2d\u56fd\u682a\u3060\u3002\u53f3\u306f\u4e2d\u56fd\u306e\u7fd2\u8fd1\u5e73\u56fd\u5bb6\u4e3b\u5e2d\u3002\uff12\uff10\uff11\uff19\u5e74\uff16\u6708\u3001\u5927\u962a\u3067\u64ae\u5f71\uff08\uff12\uff10\uff12\uff15\u5e74\u3000\u30ed\u30a4\u30bf\u30fc\/Kevin Lamarque\uff09<\/p>\n<p>[\u30b7\u30f3\u30ac\u30dd\u30fc\u30eb\/\u9999\u6e2f \uff11\uff14\u65e5 \u30ed\u30a4\u30bf\u30fc] &#8211; \u30c8\u30e9\u30f3\u30d7\u7c73\u5927\u7d71\u9818\u306b\u3088\u308b\u8cbf\u6613\u6226\u4e89\u304c\u666f\u6c17\u5f8c\u9000\u61f8\u5ff5\u3092\u547c\u3073\u8d77\u3053\u3059\u4e2d\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u6295\u8cc7\u5bb6\u306f\u601d\u308f\u306c\u65b0\u305f\u306a\u907f\u96e3\u5834\u6240\u3092\u898b\u3064\u3051\u305f\u3002\u305d\u308c\u306f\u4e2d\u56fd\u682a\u3060\u3002<\/p>\n<p>\u9999\u6e2f\u306e\u6307\u6a19\u30cf\u30f3\u30bb\u30f3\u6307\u6570(.HSI), opens new tab\u306f\u3001\uff11\u6708\u306e\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u5c31\u4efb\u4ee5\u6765\uff11\uff17\uff05\u4e0a\u6607\u3002\u3053\u308c\u306b\u5bfe\u3057\u3066\u7c73\uff33\uff06\uff30\u7dcf\u5408\uff15\uff10\uff10\u7a2e(.SPX), opens new tab\u306f\u7d04\uff19\uff05\u5b89\u3060\u3002<\/p>\n<p>\u30d4\u30af\u30c6\u30fb\u30a2\u30bb\u30c3\u30c8\u30fb\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u306e\u9999\u6e2f\u99d0\u5728\u30b7\u30cb\u30a2\u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u3001\u30a2\u30f3\u30c7\u30a3\u30fb\u30a6\u30a9\u30f3\u6c0f\u306f\u3001\u6295\u8cc7\u5bb6\u306f\u300c\uff34\uff29\uff2e\uff21\uff08There is No Alternative to U.S. assets\uff1d\u7c73\u56fd\u8cc7\u7523\u306b\u4ee3\u308f\u308b\u3082\u306e\u306f\u306a\u3044\uff09\u300d\u304b\u3089\u300c\uff34\uff29\uff21\uff32\uff21\uff08There Is A Real Alternative\uff1d\u771f\u306e\u4ee3\u66ff\u304c\u3042\u308b\uff09\u300d\u3078\u3068\u79fb\u884c\u3057\u3066\u3044\u308b\u3068\u8a9e\u3063\u305f\u3002<\/p>\n<p>\uff1c\u30cf\u30a4\u30c6\u30af\u3051\u3093\u5f15\uff1e<\/p>\n<p>\u4e2d\u56fd\u682a\u306e\u4e0a\u6607\u306e\u5927\u90e8\u5206\u306f\u4eca\u5e74\u306b\u5165\u3063\u3066\u304b\u3089\uff12\uff19\uff05\u4e0a\u6607\u3057\u3066\u3044\u308b\u30cf\u30a4\u30c6\u30af\u682a(.HSTECH), opens new tab\u304c\u3051\u3093\u5f15\u3002\u5148\u9031\u306b\u306f\uff13\u5e74\u4ee5\u4e0a\u3076\u308a\u306e\u9ad8\u5024\u3092\u4ed8\u3051\u305f\u3002\u591a\u304f\u306e\u5f37\u6c17\u6d3e\u306f\u3053\u306e\u307b\u304b\u3001\u6d88\u8cbb\u95a2\u9023\u682a\u306a\u3069\u306b\u30c1\u30e3\u30f3\u30b9\u304c\u3042\u308b\u3068\u307f\u3066\u3044\u308b\u3002<\/p>\n<p>\u697d\u89b3\u8ad6\u306e\u4e3b\u306a\u7406\u7531\u306f\u5272\u5b89\u611f\u3060\u3002\uff12\uff10\uff12\uff11\u5e74\u306e\u9ad8\u5024\u3092\uff13\uff10\uff05\u4e0b\u56de\u3063\u3066\u304a\u308a\u3001\uff2c\uff33\uff25\uff27\u306e\u30c7\u30fc\u30bf\u306b\u3088\u308b\u3068\u3001\uff33\uff06\uff30\uff15\uff10\uff10\u306e\uff11\uff12\u30ab\u6708\u5148\u4e88\u60f3\u682a\u4fa1\u53ce\u76ca\u7387\uff08\uff30\uff25\uff32\uff09\u306f\uff12\uff10\u500d\u3060\u304c\u3001\u30cf\u30f3\u30bb\u30f3\u6307\u6570\u306f\uff17\u500d\u3060\u3002<\/p>\n<p>\u5272\u5b89\u306a\u306e\u306b\u306f\u7406\u7531\u304c\u3042\u308b\u3002\u30b3\u30ed\u30ca\u6d41\u884c\u671f\u306b\u304a\u3051\u308b\u653f\u5e9c\u306e\u30cf\u30a4\u30c6\u30af\u4f01\u696d\u53d6\u308a\u7de0\u307e\u308a\u3067\u591a\u304f\u306e\u6295\u8cc7\u5bb6\u304c\u75db\u624b\u3092\u8ca0\u3044\u3001\u4e0d\u52d5\u7523\u5e02\u5834\u3084\u666f\u6c17\u306b\u3082\u7591\u554f\u304c\u6b8b\u308b\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u4eba\u5de5\u77e5\u80fd\uff08\uff21\uff29\uff09\u65b0\u8208\u4f01\u696d\u30c7\u30a3\u30fc\u30d7\u30b7\u30fc\u30af\u306e\u885d\u6483\u3067\u30cf\u30a4\u30c6\u30af\u682a\u304c\u5927\u304d\u304f\u4e0a\u6607\u3059\u308b\u4e2d\u3001\u6295\u8cc7\u5bb6\u306f\u3055\u3089\u306a\u308b\u4e0a\u6607\u4f59\u5730\u304c\u3042\u308b\u3068\u6307\u6458\u3002\u4e2d\u56fd\u7d4c\u6e08\u306b\u3068\u3063\u3066\u9577\u3089\u304f\u8db3\u304b\u305b\u3068\u306a\u3063\u3066\u3044\u305f\u6d88\u8cbb\u306b\u3064\u3044\u3066\u3082\u3001\u62bc\u3057\u4e0a\u3052\u306e\u53ef\u80fd\u6027\u304c\u3042\u308b\u8ca1\u653f\u51fa\u52d5\u3092\u671f\u5f85\u3067\u304d\u308b\u3053\u3068\u3082\u8ffd\u3044\u98a8\u3060\u3002<\/p>\n<p>\uff2a\uff30\u30e2\u30eb\u30ac\u30f3\u306b\u3088\u308b\u3068\u3001\u3053\u3053\u6570\u9031\u9593\u3067\u9999\u6e2f\u30c9\u30eb\u306b\u63db\u91d1\u3055\u308c\u305f\u7c73\u30c9\u30eb\u3084\u4e2d\u56fd\u4eba\u6c11\u5143\u304c\u904e\u53bb\u6700\u9ad8\u984d\u3092\u8a18\u9332\u3057\u3066\u304a\u308a\u3001\u9999\u6e2f\u682a\u306b\u8cc7\u91d1\u304c\u6d41\u5165\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.wacoca.com\/news\/wp-content\/uploads\/2025\/03\/1742025929_160_chart.png\" alt=\"Since the start of the year, Hong Kong's Hang Seng has surged while S&amp;P 500 has struggled.\"\/>Since the start of the year, Hong Kong&#8217;s Hang Seng has surged while S&amp;P 500 has struggled.<\/p>\n<p>\uff1c\u4e2d\u56fd\u306f\u5927\u4eba\uff1e<\/p>\n<p>\u30c8\u30e9\u30f3\u30d7\u6c0f\u304c\u95a2\u7a0e\u306a\u3069\u3067\u5e02\u5834\u3092\u52d5\u63fa\u3055\u305b\u308b\u4e2d\u3001\u4e2d\u56fd\u306f\u56fd\u5185\u7d4c\u6e08\u3068\u5e02\u5834\u306b\u5bfe\u3057\u3066\u666f\u6c17\u523a\u6fc0\u7b56\u3084\u652f\u63f4\u7b56\u3092\u6253\u3061\u51fa\u3057\u3066\u3044\u308b\u3002\uff12\u6708\u306b\u5317\u4eac\u3067\u958b\u50ac\u3055\u308c\u305f\u7fd2\u8fd1\u5e73\u56fd\u5bb6\u4e3b\u5e2d\u3068\u7d4c\u6e08\u754c\u30ea\u30fc\u30c0\u30fc\u3068\u306e\u4f1a\u5408\u306f\u6295\u8cc7\u5bb6\u3082\u597d\u611f\u3057\u305f\u3002<\/p>\n<p>\u30d4\u30af\u30c6\u30fb\u30a6\u30a7\u30eb\u30b9\u30fb\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u306e\u30a2\u30b8\u30a2\u62c5\u5f53\u30c1\u30fc\u30d5\u30b9\u30c8\u30e9\u30c6\u30b8\u30b9\u30c8\u3001\u30c9\u30f3\u30fb\u30c1\u30a7\u30f3\u6c0f\u306f\u300c\u4eca\u3084\u4e2d\u56fd\u306f\u5927\u4eba\u3060\u300d\u3068\u8a9e\u3063\u305f\u3002<\/p>\n<p>\u30e2\u30eb\u30ac\u30f3\u30fb\u30b9\u30bf\u30f3\u30ec\u30fc\u306e\u30c7\u30fc\u30bf\u306b\u3088\u308b\u3068\u3001\u5916\u56fd\u7c4d\u30d5\u30a1\u30f3\u30c9\u306e\u4e2d\u56fd\u682a\u3078\u306e\u6295\u8cc7\u984d\u306f\uff12\u6708\u306b\u306f\uff13\uff18\u5104\u30c9\u30eb\u306b\u9054\u3057\u305f\u3002\u305d\u308c\u307e\u3067\u306f\uff13\u30ab\u6708\u9023\u7d9a\u3067\u8cc7\u91d1\u304c\u5f15\u304d\u63da\u3052\u3089\u308c\u3066\u3044\u305f\u3002<\/p>\n<p>\u30c8\u30e9\u30f3\u30d7\u6c0f\u304c\u5730\u653f\u5b66\u7684\u30e9\u30a4\u30d0\u30eb\u3068\u3057\u3066\u3044\u308b\u4e2d\u56fd\u306e\u682a\u5f0f\u5e02\u5834\u304c\u4e0a\u6607\u3057\u3066\u3044\u308b\u3053\u3068\u306b\u3064\u3044\u3066\u3001\u76ae\u8089\u3060\u3068\u6307\u6458\u3059\u308b\u6295\u8cc7\u5bb6\u3082\u3044\u308b\u3002<\/p>\n<p>\u30d9\u30a2\u30fc\u30c9\u306e\u7c73\u56fd\u99d0\u5728\u6295\u8cc7\u30b9\u30c8\u30e9\u30c6\u30b8\u30b9\u30c8\u3001\u30ed\u30b9\u30fb\u30e1\u30a4\u30d5\u30a3\u30fc\u30eb\u30c9\u6c0f\u306f\u300c\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u5916\u56fd\u653f\u5e9c\u306b\u8ab2\u3057\u3066\u3044\u308b\u5727\u529b\u306f\u5b9f\u969b\u306e\u3068\u3053\u308d\u3001\u591a\u304f\u306e\u5834\u5408\u3067\u305d\u308c\u3089\u306e\u56fd\u3005\u306e\u30a2\u30a6\u30c8\u30d1\u30d5\u30a9\u30fc\u30e0\u306b\u3064\u306a\u304c\u3063\u3066\u3044\u308b\u300d\u3068\u8a71\u3059\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.wacoca.com\/news\/wp-content\/uploads\/2025\/03\/1742025930_234_chart.png\" alt=\"Monthly flows into overseas China\/Hong Kong equity funds in $ million\"\/>Monthly flows into overseas China\/Hong Kong equity funds in $ million<\/p>\n<p>\uff1c\u306a\u304a\u30c8\u30e9\u30a6\u30de\uff1e<\/p>\n<p>\u3068\u306f\u3044\u3048\u3001\u7c73\u56fd\u3068\u306e\u8cbf\u6613\u6226\u4e89\u306e\u518d\u71c3\u306f\u3001\u4e2d\u56fd\u306e\u4f01\u696d\u60c5\u5831\u958b\u793a\u57fa\u6e96\u3092\u5de1\u308b\u61f8\u5ff5\u3084\u30c7\u30d5\u30ec\u5727\u529b\u3068\u3068\u3082\u306b\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\u306e\u91cd\u3057\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<p>\u6628\u5e74\uff19\u6708\u306b\u4e2d\u56fd\u653f\u5e9c\u304c\u666f\u6c17\u523a\u6fc0\u7b56\u3092\u6253\u3061\u51fa\u3057\u3066\u682a\u4fa1\u306f\u6025\u4f38\u3057\u305f\u304c\u3001\u3059\u3050\u306b\u5931\u901f\u3057\u305f\u3002<\/p>\n<p>\u30d4\u30af\u30c6\u306e\u30c1\u30a7\u30f3\u6c0f\u306f\u3001\u304b\u3064\u3066\u6295\u8cc7\u4e0d\u9069\u3068\u3055\u308c\u3066\u3044\u305f\u4e2d\u56fd\u682a\u306b\u3064\u3044\u3066\u300c\u4eba\u3005\u306f\u306a\u304a\u30c8\u30e9\u30a6\u30de\u304c\u3042\u308b\u300d\u3068\u8a9e\u3063\u305f\u3002<\/p>\n<p data-testid=\"Body\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__base__22dCE body__small_body__2vQyf article-body__element__2p5pI article-body__trust-badge__D_brm\">\u79c1\u305f\u3061\u306e\u884c\u52d5\u898f\u7bc4\uff1a\u30c8\u30e0\u30bd\u30f3\u30fb\u30ed\u30a4\u30bf\u30fc\u300c\u4fe1\u983c\u306e\u539f\u5247\u300d, opens new tab<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.wacoca.com\/news\/wp-content\/uploads\/2025\/03\/https:\/\/cloudfront-us-east-2.images.arcpublishing.com\/reuters\/H24NV3AFCZCWPC463OG3JRYY7U.jpg\"\/><\/p>\n<p data-testid=\"Body\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__extra_small__1Mw6v body__base__22dCE body__extra_small_body__3QTYe author-bio__description__3uv33\">Summer Zhen specializes in hedge funds and financial markets in Asia. She has over a decade of experience in financial journalism and the finance industry. She is based in Hong Kong. Before joining Reuters, Summer was an investor relations professional at a hedge fund and worked as a business reporter for the South China Morning Post.  She was the winner of Best Young Reporter at the 2014 Hong Kong News Awards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30c8\u30e9\u30f3\u30d7\u7c73\u5927\u7d71\u9818\uff08\u5de6\uff09\u306b\u3088\u308b\u8cbf\u6613\u6226\u4e89\u304c\u666f\u6c17\u5f8c\u9000\u61f8\u5ff5\u3092\u547c\u3073\u8d77\u3053\u3059\u4e2d\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u6295\u8cc7\u5bb6\u306f\u601d\u308f\u306c\u65b0\u305f\u306a\u907f\u96e3\u5834\u6240\u3092\u898b\u3064\u3051\u305f\u3002\u305d\u308c\u306f\u4e2d\u56fd\u682a\u3060\u3002\u53f3\u306f\u4e2d\u56fd\u306e\u7fd2\u8fd1\u5e73\u56fd\u5bb6\u4e3b\u5e2d\u3002\uff12\uff10\uff11\uff19\u5e74\uff16\u6708\u3001\u5927\u962a\u3067\u64ae\u5f71\uff08\uff12\uff10\uff12\uff15\u5e74\u3000\u30ed\u30a4\u30bf\u30fc\/Kevin <\/p>\n","protected":false},"author":2,"featured_media":2463044,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[762757],"tags":[392636,762691,762764,762760,14869,762699,762712,762713,762767,6782,527890,19496,763053,534347,762772,766118,766117,766116,762794,762892,102465,762700,762762,77593,589033,762717,762718,762915,135664,762724,762725,762726,762727,762684,762685,763055,762798,762777,211237,762697,762688,783141,783142,762815,238274,496517,762802,688579,762690,762679,99360,48489,705736,89874,396003,578],"class_list":{"0":"post-2463043","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-fund","9":"tag-amers","10":"tag-anlins","11":"tag-anv","12":"tag-asia","13":"tag-asxpac","14":"tag-bisv","15":"tag-bisv08","16":"tag-bojj","17":"tag-business","18":"tag-business-news","19":"tag-ca","20":"tag-camer","21":"tag-cn","22":"tag-dbt","23":"tag-destnojpbsm","24":"tag-destnojptpm","25":"tag-destnojpztm","26":"tag-dli","27":"tag-easia","28":"tag-eco","29":"tag-emrg","30":"tag-erep","31":"tag-fes","32":"tag-fin","33":"tag-fins","34":"tag-fins08","35":"tag-frx","36":"tag-gen","37":"tag-invbis","38":"tag-invm","39":"tag-invm1","40":"tag-invs08","41":"tag-jfor","42":"tag-jln","43":"tag-latam","44":"tag-lif","45":"tag-mce","46":"tag-mx","47":"tag-namer","48":"tag-news1","49":"tag-pfin","50":"tag-pinv","51":"tag-plcy","52":"tag-pol","53":"tag-potus","54":"tag-soci","55":"tag-stx","56":"tag-topcmb","57":"tag-topnws","58":"tag-trd","59":"tag-trf","60":"tag-trn","61":"tag-us","62":"tag-wash","63":"tag-578"},"share_on_mastodon":{"url":"https:\/\/wakoka.com\/@news\/114165419549594205","error":""},"_links":{"self":[{"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/posts\/2463043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/comments?post=2463043"}],"version-history":[{"count":0,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/posts\/2463043\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/media\/2463044"}],"wp:attachment":[{"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/media?parent=2463043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/categories?post=2463043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/tags?post=2463043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}