博🚆(bo)时🏣(shi)基🌕(ji)金🚗(jin) 混🕰(hun)合🏴(he)资🌌(zi)产🛫(chan)投🚯(tou)资🏡(zi)部🖇(bu) 基🎡(ji)金🙆(jin)经📄(jing)理🚠(li) 高🎃(gao)晖🔪(hui) 　　近🍄(jin)期💖(qi)，可👏(ke)转🤥(zhuan)债🧢(zhai)市📈(shi)场🗣(chang)波✍(bo)动🐻(dong)剧🚀(ju)烈🔠(lie)，低🛂(di)价🧖(jia)转🖍(zhuan)债📝(zhai)跌📆(die)幅🌗(fu)较🦆(jiao)大🧣(da)
日🎰(ri)前👨(qian)，博🈵(bo)时👥(shi)基🧗(ji)金🤳(jin)混🐫(hun)合♿(he)资🚙(zi)产💸(chan)投💏(tou)资⛩(zi)部🗣(bu)基🎴(ji)金😃(jin)经🖌(jing)理🚭(li)高🔬(gao)晖🗄(hui)就⛳(jiu)如💕(ru)何🦏(he)看🏞(kan)待🚭(dai)最❣(zui)近🛒(jin)低🥐(di)价📈(jia)转✳(zhuan)债👸(zhai)行🕞(xing)情👸(qing)、把🚡(ba)控🗼(kong)可㊙(ke)转🕍(zhuan)债🛄(zhai)的🏅(de)信🔄(xin)用🗄(yong)风🙅(feng)险⏮(xian)等🏉(deng)热🌤(re)点🕗(dian)话🈹(hua)题🚗(ti)进💻(jin)行🧣(xing)了🏽(le)深🔮(shen)入🚛(ru)分🖕(fen)析🥗(xi)。 　　Q：如🎆(ru)何🥞(he)看🈶(kan)待🕳(dai)最🎊(zui)近🗃(jin)低🏪(di)价👧(jia)转🕺(zhuan)债🧦(zhai)的🍛(de)行🎃(xing)情🦆(qing)？ 　　答💒(da)：近Ⓜ(jin)期🧠(qi)低🕹(di)价🏴(jia)转🎃(zhuan)债👤(zhai)跌🌱(die)幅📼(fu)较🗨(jiao)大🏰(da)，不🛍(bu)少🏞(shao)高🏿(gao)YTM品👃(pin)种🛴(zhong)甚🚳(shen)至💙(zhi)大👊(da)幅🏚(fu)跌📆(die)破😭(po)债🗾(zhai)底🙌(di)。我♿(wo)们🈹(men)认🧕(ren)为🐺(wei)，一🚊(yi)方🍙(fang)面🐌(mian)由🛥(you)于💨(yu)退🌒(tui)市🐛(shi)监🖲(jian)管🆒(guan)趋🕉(qu)严⏺(yan)，权😆(quan)益👦(yi)市🎈(shi)场🎞(chang)近🐊(jin)期🚴(qi)持🗃(chi)续📭(xu)发🏘(fa)酵🌽(jiao)个🧑(ge)股⏸(gu)退🕞(tui)市🙋(shi)担🔵(dan)忧🏠(you)，由🌡(you)于🍁(yu)正♉(zheng)股➡(gu)退🕝(tui)市🎹(shi)转📭(zhuan)债🆔(zhai)将🍨(jiang)跟🌈(gen)随⛹(sui)摘🕍(zhai)牌📋(pai)转➗(zhuan)板🍒(ban)，因🌗(yin)此🐱(ci)权🔞(quan)益⏬(yi)市🏪(shi)场🔢(chang)的🏰(de)担🙍(dan)忧🐛(you)或🔴(huo)向👺(xiang)转📲(zhuan)债🥄(zhai)蔓🌒(man)延♿(yan)。 　　另💫(ling)一🌩(yi)方🕶(fang)面🍨(mian)，经👍(jing)历🧥(li)三🕤(san)年🎎(nian)疫🏼(yi)情🗝(qing)，宏🎏(hong)观🌿(guan)经🚓(jing)济🐎(ji)仍🌸(reng)处🎃(chu)于👇(yu)弱👪(ruo)复🏹(fu)苏✋(su)状🎨(zhuang)态🌝(tai)，不💖(bu)少🥛(shao)行😿(xing)业👵(ye)景㊙(jing)气🗄(qi)度🏎(du)下👒(xia)滑💇(hua)，少🍟(shao)部💿(bu)分🚭(fen)公🕗(gong)司✳(si)经👵(jing)营🌿(ying)杠🎏(gang)杆🏐(gan)偏🕤(pian)高😱(gao)，债🎡(zhai)务🐳(wu)压💄(ya)力🖨(li)较🧔(jiao)大💩(da)，叠📟(die)加🚪(jia)近🛸(jin)期🐏(qi)交🌌(jiao)易👞(yi)所🐀(suo)针📒(zhen)对🍳(dui)年🧀(nian)报⏬(bao)财🤜(cai)务♈(wu)指😟(zhi)标💁(biao)异⚓(yi)常🙊(chang)下🍞(xia)发👯(fa)问🕣(wen)询🍋(xun)函🌔(han)，以🌚(yi)及🈲(ji)评🎟(ping)级📌(ji)机👘(ji)构🈲(gou)密⭐(mi)集🎞(ji)调🛶(tiao)整🔝(zheng)评🦐(ping)级🚯(ji)，市🕊(shi)场🕉(chang)开📖(kai)始💝(shi)演👈(yan)绎🤭(yi)对🐭(dui)部🍟(bu)分🏩(fen)个🐓(ge)券🕜(quan)信🤵(xin)用🖥(yong)风🛌(feng)险🈵(xian)的🐠(de)担🔃(dan)忧😇(you)。预📨(yu)计🐹(ji)后🚑(hou)续👠(xu)随🛹(sui)着🌉(zhe)交📆(jiao)易♐(yi)所🙈(suo)问🏼(wen)询🐫(xun)、评👧(ping)级🌸(ji)调🍪(tiao)整👭(zheng)的🗯(de)结🧞(jie)束🧢(shu)，行🚪(xing)情👴(qing)将🍫(jiang)逐🗾(zhu)步📗(bu)企🎀(qi)稳🥋(wen)，我😛(wo)们🔉(men)也🐺(ye)将🌳(jiang)在📇(zai)严🆚(yan)格🚚(ge)把🧕(ba)控👋(kong)信🥀(xin)用⌛(yong)风🎼(feng)险🎐(xian)的🐒(de)基📴(ji)础🕕(chu)上🚺(shang)，结✅(jie)合🚝(he)下👷(xia)修🧦(xiu)条💠(tiao)款🤥(kuan)的🍺(de)博📍(bo)弈✔(yi)，挖💼(wa)掘✖(jue)其🤹(qi)中🔹(zhong)的🥕(de)错🌑(cuo)杀🎛(sha)机🛒(ji)会🥇(hui)。 　　Q：如💩(ru)何🎂(he)把🎵(ba)控💜(kong)可🍂(ke)转📕(zhuan)债🏇(zhai)的🗓(de)信👊(xin)用⭐(yong)风🐃(feng)险👵(xian)？ 　　答👽(da)：可👧(ke)转🎑(zhuan)债🆘(zhai)信🐸(xin)用✏(yong)风🤹(feng)险🌯(xian)主♊(zhu)要⚓(yao)包➕(bao)括🧢(kuo)本♒(ben)息🐟(xi)无🚎(wu)法😺(fa)兑😊(dui)付🧣(fu)带🌵(dai)来🖐(lai)的⛎(de)偿👶(chang)债🐲(zhai)风🚟(feng)险🦈(xian)、正🔍(zheng)股🎣(gu)退🉐(tui)市❓(shi)风🐺(feng)险⚡(xian)以🌜(yi)及🙈(ji)重🍛(zhong)整🗼(zheng)风🥣(feng)险📟(xian)。 　　由👖(you)于🏮(yu)历🍤(li)史🏟(shi)上🏽(shang)大♈(da)部😋(bu)分🗃(fen)转💓(zhuan)债🚞(zhai)以😶(yi)转🐎(zhuan)股🗯(gu)形⬛(xing)式📖(shi)退🙄(tui)出🐎(chu)，本🛩(ben)息🕘(xi)无🐖(wu)法🏒(fa)偿🌺(chang)付🛑(fu)的🤡(de)情👷(qing)况🈺(kuang)较💳(jiao)少🤕(shao)，转😇(zhuan)债🎖(zhai)信🥟(xin)用🏗(yong)风📡(feng)险😭(xian)更😩(geng)多👇(duo)体😀(ti)现🔋(xian)为🏤(wei)退🥦(tui)市🌔(shi)风🔁(feng)险😺(xian)。根🗡(gen)据😩(ju)沪🎗(hu)深🈂(shen)交🧣(jiao)易🈳(yi)所⏫(suo)股🥗(gu)票❄(piao)上🚆(shang)市🔌(shi)相⛰(xiang)关🛡(guan)规👓(gui)则🎖(ze)，上🏞(shang)市🐇(shi)公👟(gong)司🛠(si)可🙈(ke)能🍔(neng)触🐓(chu)发👉(fa)交📘(jiao)易👰(yi)类🥑(lei)、财🦉(cai)务🧖(wu)类🎉(lei)、规🛬(gui)范🈲(fan)类🍺(lei)、重🗒(zhong)大🍡(da)违🐇(wei)法🚏(fa)类😥(lei)等🎃(deng)多🙀(duo)种🕣(zhong)退🔃(tui)市🔉(shi)情🎂(qing)形⏫(xing)而⚾(er)被🐁(bei)终👴(zhong)止💣(zhi)上⚓(shang)市🐹(shi)。其❎(qi)中📕(zhong)，目🥛(mu)前🍀(qian)较😮(jiao)为💕(wei)常🌈(chang)见🙍(jian)的📉(de)是🍝(shi)交⚓(jiao)易📳(yi)类🐧(lei)退🌝(tui)市🤬(shi)情🍕(qing)形📁(xing)“连🍟(lian)续🥋(xu)20个🚬(ge)交🏋(jiao)易🥡(yi)日🙆(ri)的🦒(de)每🕌(mei)日🦓(ri)股🌒(gu)票🌏(piao)收🔞(shou)盘🍢(pan)价🧐(jia)低🍆(di)于⚫(yu)1元🎸(yuan)”。投🔜(tou)资🔳(zi)者🤾(zhe)可🏚(ke)以🔟(yi)结✔(jie)合🐉(he)退🔉(tui)市💃(shi)相⏭(xiang)关👸(guan)标🎡(biao)准👙(zhun)对💩(dui)正💥(zheng)股💴(gu)进🦂(jin)行🕤(xing)筛🌆(shai)查🏷(zha)。 　　此⛱(ci)外🐵(wai)，正🕙(zheng)股🦊(gu)财🔋(cai)务🖐(wu)资🎴(zi)质🔂(zhi)与🤱(yu)偿🧓(chang)债🤤(zhai)能🐔(neng)力📞(li)也💯(ye)会📂(hui)引🌛(yin)发🏣(fa)转🚠(zhuan)债🕦(zhai)估🈹(gu)值🦂(zhi)波🙀(bo)动🆒(dong)dui 🐭(dui)yu 🕙(yu)cai 📀(cai)wu 🦂(wu)lei 😦(lei)zhi 🍷(zhi)biao ⭐(biao)de 🏃(de)shai 🎵(shai)zha 🔭(zha)，jing 🕥(jing)zi ➿(zi)chan 🦊(chan)wei 😱(wei)fu 💢(fu)、lian 🛅(lian)xu 🎐(xu)kui 🈺(kui)sun 👾(sun)qie 🐪(qie)ying 🐮(ying)shou 💬(shou)gui 👎(gui)mo 🕟(mo)jiao 🐆(jiao)di 🛑(di)bing 🛹(bing)lian 🥝(lian)xu 🐦(xu)xia 🦈(xia)hua 🧀(hua)de 🍛(de)gong ♈(gong)si 😱(si)huo 💲(huo)zhi 🎾(zhi)de ⛪(de)yin ✅(yin)qi 🍖(qi)guan 🛫(guan)zhu 👺(zhu)。tong ✡(tong)shi 🆚(shi)，jian 🏿(jian)yi 🕵(yi)mi 👟(mi)qie ☔(qie)guan 🚪(guan)zhu 🧢(zhu)jiao 💞(jiao)yi 🖕(yi)suo 👒(suo)guan 🥙(guan)zhu 🐯(zhu)han 😺(han)、wen 🏃(wen)xun 🐷(xun)han 🚙(han)、xin ⏳(xin)yong 🎦(yong)ping 🏯(ping)ji 🌎(ji)gong 🐭(gong)si 🈵(si)fa 😎(fa)bu 🥠(bu)guan 😻(guan)zhu 😱(zhu)shi 📑(shi)xiang 👯(xiang)deng 👥(deng)guan 🏳(guan)jian 🥪(jian)xin 🔃(xin)xi 🥫(xi)。jian 👍(jian)guan 🕰(guan)guan 🍄(guan)zhu 🎨(zhu)dian 🍗(dian)fu 🐙(fu)gai 😽(gai)jing 💆(jing)ying 🐭(ying)zhuang 🐣(zhuang)kuang 🤵(kuang)、cai 📹(cai)wu 🆔(wu)zhi 🤮(zhi)biao ⏬(biao)、qian 🔪(qian)qi 🔗(qi)hui 🛋(hui)ji 🍦(ji)cha 🖨(cha)cuo 🏏(cuo)bian 🦅(bian)geng 🔯(geng)、gong 🎭(gong)si 😅(si)zhi 🐎(zhi)li 💏(li)、ke 😄(ke)zhuan 🌴(zhuan)zhai 💟(zhai)yu 🍍(yu)e 🍷(e)zhan ♏(zhan)zheng 🚰(zheng)gu ⏩(gu)shi 👬(shi)zhi 🔕(zhi)bi 🍷(bi)li 🔯(li)、ke 💻(ke)zhuan 🐚(zhuan)zhai ❇(zhai)ke 🐆(ke)xia 🐼(xia)xiu 🏬(xiu)kong ✨(kong)jian 🔀(jian)deng 🥩(deng)duo 🖕(duo)ge ♑(ge)wei 🍝(wei)du 🔑(du)jin 💽(jin)xing 👘(xing)feng 🎆(feng)xian 📷(xian)pai 🌄(pai)zha 🤠(zha)。 　　Q：jiao 📎(jiao)yi ❄(yi)ke 🔑(ke)zhuan 🔑(zhuan)zhai 🌁(zhai)ETFde 📒(de)you 📁(you)shi 🎏(shi)shi 🍫(shi)shen 🚔(shen)me 🚬(me)？ 　　da 🐕(da)：gen 👟(gen)zong 🖱(zong)zhi ⏺(zhi)shu 😍(shu)dai 🐐(dai)biao 🐙(biao)xing 🔇(xing)qiang 💉(qiang)，li 📷(li)ru 🕣(ru)bo 🔺(bo)shi 📎(shi)ke 🍜(ke)zhuan 🏄(zhuan)zhai 😉(zhai)ETFgen 📤(gen)zong 😤(zong)zhong 🏒(zhong)zheng 💖(zheng)ke 😛(ke)zhuan 💍(zhuan)zhai 🎳(zhai)ji 🎡(ji)ke 😑(ke)jiao 📹(jiao)huan 🌪(huan)zhai 🍫(zhai)quan 🏤(quan)zhi 🏫(zhi)shu 📂(shu)，gai 🌺(gai)zhi 💤(zhi)shu 🗣(shu)yang 🚿(yang)ben 🐢(ben)fan 🎾(fan)wei 😀(wei)guang 🧗(guang)fan 🎟(fan)，geng 👆(geng)neng 🔁(neng)dai 🚰(dai)biao 😴(biao)zhuan 📊(zhuan)zhai 👝(zhai)shi 🏐(shi)chang 🍼(chang)xing 🅰(xing)qing 👑(qing)。 　　er 💠(er)shi 👟(shi)jin 🥎(jin)mi 🗯(mi)gen 📏(gen)zong 🛑(zong)zhi 🐌(zhi)shu ⏯(shu)，ru 🌝(ru)bo 💋(bo)shi 🚼(shi)ke 🐂(ke)zhuan 🥦(zhuan)zhai 😣(zhai)ETFzi 👥(zi)cheng 👕(cheng)li ⬆(li)yi 🌜(yi)來🤖(來)bao ♓(bao)chi 🐎(chi)dui 💱(dui)zhi 😺(zhi)shu 💦(shu)de 🌯(de)jin ⏭(jin)mi 🍿(mi)gen 🕔(gen)zong 🦂(zong)，shi 🌉(shi)xian 🐍(xian)jiao 💢(jiao)xiao 🛢(xiao)wu 🤔(wu)cha 🏛(cha)。 　　san 👒(san)shi 💣(shi)chi 🛋(chi)cang 🙏(cang)tou ⏭(tou)ming 🕙(ming)：ke 👥(ke)zhuan 🔗(zhuan)zhai ✋(zhai)ETFyi 🌍(yi)gen 🙎(gen)zong 🚝(zong)zhi ⏫(zhi)shu 👣(shu)wei 👓(wei)zhu 😢(zhu)，xiang 🌯(xiang)dui 📷(dui)qi 🐐(qi)ta 🔘(ta)ke 🧖(ke)zhuan 📼(zhuan)zhai 😕(zhai)zhu 🙈(zhu)dong 📺(dong)guan 🎲(guan)li 🆗(li)xing 🏿(xing)ji 🥔(ji)jin 🥂(jin)chi 🔽(chi)cang 🕎(cang)geng 🛳(geng)tou 🌜(tou)ming 〽(ming)。 　　si 🍐(si)shi 🐶(shi)feng 😙(feng)xian 🛢(xian)fen 🦈(fen)san 🕺(san)，chan 🥌(chan)pin 🍽(pin)yun 🚃(yun)zuo 🎠(zuo)shi 🐄(shi)cai 📎(cai)yong 🤚(yong)le ❓(le)you ⏲(you)hua 🤞(hua)fu 🌩(fu)zhi 🔸(zhi)ce ⏸(ce)lve 🦎(lve)，neng 📘(neng)gou 🛡(gou)you 🔸(you)xiao 🕖(xiao)fen ⛲(fen)san 📨(san)dan 🐗(dan)yi 🕦(yi)quan 📜(quan)zhong 📅(zhong)、dan ⏸(dan)yi 🐟(yi)xing 🕤(xing)ye 🍎(ye)suo 🎐(suo)dai 🦑(dai)lai 🍪(lai)de 👭(de)feng 😱(feng)xian 🥢(xian)，bing 🔭(bing)ji 🎛(ji)shi ⏭(shi)gui 🌥(gui)bi 🔦(bi)ge 😴(ge)bie 🍦(bie)xia 💈(xia)ci ♏(ci)quan 🎴(quan)、nu 🔃(nu)li 🍒(li)ti 🔹(ti)gao 🎣(gao)chan 🏋(chan)pin 👶(pin)shou ♐(shou)yi 💍(yi)。 　　wu 🍱(wu)shi 💯(shi)chan ➕(chan)pin 🦊(pin)fei 🤚(fei)lv 🕖(lv)di 🏖(di)，jiao ⬆(jiao)yi 📔(yi)ling 🐕(ling)huo 🚑(huo)：guan 👩(guan)li 🚘(li)fei 🕍(fei)、tuo 🥏(tuo)guan 💆(guan)fei 🧀(fei)liang 🏢(liang)xiang 🗯(xiang)fei 🗄(fei)lv 🔱(lv)he 🌡(he)ji 😫(ji)mei 🌂(mei)nian 🎈(nian)0.2%。chang 👓(chang)nei 🐋(nei)T+0jiao 😻(jiao)yi 🕰(yi)fang ⛑(fang)shi 🚬(shi)ling 🧗(ling)huo ❎(huo)qie 🍾(qie)liu 🏼(liu)dong 🥩(dong)xing ⛓(xing)chong 🎦(chong)yu 👠(yu)。 　　Q：jie 🤗(jie)zhi 🚨(zhi)6yue 🏹(yue)24ri 🚾(ri)，bo 🔉(bo)shi 💯(shi)ke 🏅(ke)zhuan 🍌(zhuan)zhai ❇(zhai)ETFgui 🛄(gui)mo 📌(mo)tu 🚈(tu)po ♎(po)110yi 🌋(yi)yuan 😀(yuan)da 💯(da)guan 🖨(guan)。bo 📉(bo)shi 🚼(shi)ji 🍫(ji)jin 🐂(jin)ke 🐌(ke)zhuan 🙋(zhuan)zhai 🚎(zhai)ji 🙉(ji)jin 🏛(jin)gui 🐰(gui)mo 🛋(mo)xun 👣(xun)su 👅(su)ti ❤(ti)sheng ❕(sheng)de ♓(de)yuan 📩(yuan)yin 🌊(yin)shi 🦔(shi)shen 🏂(shen)me 🐢(me)？ 　　da 🐊(da)：yi 📽(yi)fang ⛰(fang)mian 🥄(mian)，zai 📟(zai)di 😨(di)li 🐃(li)lv 🦋(lv)huan 🏨(huan)jing 🔯(jing)xia 📣(xia)，zi 📘(zi)chan 🏪(chan)huang 💳(huang)ge 🙉(ge)ju ⌛(ju)yan 🔡(yan)xu 🔄(xu)，zhuan 💗(zhuan)zhai 🏒(zhai)shi 👘(shi)chang 😿(chang)dang ♐(dang)qian ♎(qian)de 😕(de)chun 🆒(chun)zhai 🏑(zhai)yi 💪(yi)jia 📧(jia)lv 🛩(lv)shui 🦑(shui)ping 🗽(ping)bu 💈(bu)gao 👫(gao)，tong 📞(tong)shi 😡(shi)quan 🌼(quan)yi 🐢(yi)shi ♈(shi)chang 🔀(chang)ye 👛(ye)chu 🤢(chu)yu 🖍(yu)di 📃(di)bu 👽(bu)qu 😣(qu)yu ♌(yu)，xiang ✖(xiang)jiao 🔢(jiao)yu ❓(yu)xin 🆎(xin)yong 🌨(yong)zhai 🥞(zhai)er 💕(er)yan 😵(yan)ju 🧖(ju)you 🍑(you)bu 😕(bu)cuo 🏁(cuo)de 🍝(de)pei 🚇(pei)zhi 🕥(zhi)jia 🍨(jia)zhi 🌾(zhi)。 　　ling 💤(ling)yi 🍑(yi)fang 🧠(fang)mian 🖇(mian)，zhuan ♿(zhuan)zhai ⌚(zhai)shi 🐏(shi)chang 🧢(chang)jin 💶(jin)qi 🍝(qi)xin 📝(xin)yong 🤵(yong)feng 🛬(feng)xian 📋(xian)you 🚇(you)suo 🥤(suo)fa ⛔(fa)jiao 🤖(jiao)，die 🌮(die)po 🔤(po)mian 🗽(mian)zhi 🔖(zhi)zhuan 🐢(zhuan)zhai 🥁(zhai)shu ⏹(shu)liang 🎢(liang)zeng 🛄(zeng)jia 🐕(jia)，bu 🧓(bu)fen 🔟(fen)ji 💚(ji)gou 😁(gou)chu 👦(chu)yu 🤒(yu)gui 🅾(gui)bi ✍(bi)ge 🛏(ge)quan 😑(quan)feng 🔳(feng)xian 🐁(xian)kao 🕳(kao)lv 🤸(lv)，tong 🆓(tong)guo 🔟(guo)zhuan ❎(zhuan)zhai 🛒(zhai) ETF can 🆚(can)yu 👎(yu)zhuan 🚡(zhuan)zhai 🚨(zhai)shi 🧢(shi)chang 🍟(chang)，xiang 👂(xiang)jiao 🔢(jiao)yu 🙋(yu)zhu 🚄(zhu)dong 🌚(dong)guan 🍒(guan)li 🕜(li)xing 🚵(xing)zhuan ♐(zhuan)zhai 😜(zhai)ji 📕(ji)jin 🚍(jin)，ETF de 🎴(de)chi ⛅(chi)cang 🌒(cang)geng 👑(geng)fen 🤳(fen)san 🎥(san)、tou 🌟(tou)ming 🍐(ming)，pian 👁(pian)zhai 🍊(zhai)shu 🤥(shu)xing 🦖(xing)ye 🛅(ye)geng 🌠(geng)qiang 🖕(qiang)，jin 💹(jin)yi 🛑(yi)nian 🗡(nian)biao 🛫(biao)xian 🕝(xian)you 😯(you)yu 🚙(yu)tong 🔄(tong)qi 🏑(qi)wan 🕷(wan)de ⬛(de)ke 😌(ke)zhuan 📊(zhuan)zhai 📔(zhai)ji ❌(ji)jin ⏺(jin)zhi 🍴(zhi)shu 😸(shu)。