{"id":44464,"date":"2026-04-11T11:16:47","date_gmt":"2026-04-11T11:16:47","guid":{"rendered":"https:\/\/www.vtmarkets.com\/ar\/uncategorized\/44464\/"},"modified":"2026-04-11T11:16:47","modified_gmt":"2026-04-11T11:16:47","slug":"%d8%a7%d9%86%d8%aa%d8%b9%d8%a7%d8%b4-%d8%a7%d9%84%d8%b7%d8%b1%d9%88%d8%ad%d8%a7%d8%aa-%d8%a7%d9%84%d8%b9%d8%a7%d9%85%d8%a9-%d8%a7%d9%84%d8%a3%d9%88%d9%84%d9%8a%d8%a9-%d9%81%d9%8a-%d8%a7%d9%84%d8%b5","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/ar-mena\/opinion\/44464\/","title":{"rendered":"\u0627\u0646\u062a\u0639\u0627\u0634 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0627\u0644\u0639\u0627\u0645\u0629 \u0627\u0644\u0623\u0648\u0644\u064a\u0629 \u0641\u064a \u0627\u0644\u0635\u064a\u0646: \u0645\u062f\u0641\u0648\u0639 \u0628\u0627\u0644\u0627\u0628\u062a\u0643\u0627\u0631 \u0644\u0643\u0646\u0647 \u0645\u064f\u0646\u062a\u0642\u0649 \u0633\u064a\u0627\u0633\u064a\u0627\u064b"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/ar-mena\/wp-content\/uploads\/sites\/4\/2026\/05\/China-IPO-Surge-1024x573.png\" alt=\"\" class=\"wp-image-47289\"\/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>\u064a\u0639\u0627\u0648\u062f \u0633\u0648\u0642 <strong>\u0627\u0644\u0637\u0631\u062d \u0627\u0644\u0639\u0627\u0645 \u0627\u0644\u0623\u0648\u0644\u064a<\/strong> (\u0625\u062f\u0631\u0627\u062c \u0634\u0631\u0643\u0629 \u0648\u0628\u064a\u0639 \u0623\u0633\u0647\u0645\u0647\u0627 \u0644\u0644\u062c\u0645\u0647\u0648\u0631 \u0644\u0623\u0648\u0644 \u0645\u0631\u0629 \u0641\u064a \u0627\u0644\u0628\u0648\u0631\u0635\u0629) \u0641\u064a \u0627\u0644\u0635\u064a\u0646 \u0646\u0634\u0627\u0637\u0647\u060c \u0644\u0643\u0646 \u0644\u064a\u0633 \u0643\u0637\u0641\u0631\u0629 \u0633\u0648\u0642 \u062d\u0631\u0629 \u0645\u0639\u062a\u0627\u062f\u0629. \u0647\u0630\u0627 \u0627\u0644\u062a\u0639\u0627\u0641\u064a \u062a\u0642\u0648\u062f\u0647 \u0627\u0644\u0633\u064a\u0627\u0633\u0627\u062a \u0627\u0644\u062d\u0643\u0648\u0645\u064a\u0629\u060c \u0645\u0639 \u062a\u0631\u0643\u064a\u0632 \u0645\u0642\u0635\u0648\u062f \u0639\u0644\u0649 \u062a\u0645\u0648\u064a\u0644 \u0642\u0637\u0627\u0639\u0627\u062a \u0645\u062b\u0644 \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 \u0648\u0627\u0644\u0635\u0646\u0627\u0639\u0629 \u0627\u0644\u062a\u062d\u0648\u064a\u0644\u064a\u0629. \u0648\u0631\u063a\u0645 \u062a\u062f\u0641\u0642 \u0627\u0644\u0623\u0645\u0648\u0627\u0644\u060c \u0644\u0627 \u062a\u0632\u0627\u0644 \u0628\u0643\u064a\u0646 \u062a\u062d\u062f\u062f \u0645\u0646 \u064a\u062d\u0635\u0644 \u0639\u0644\u0649 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0648\u0628\u0623\u064a \u0634\u0631\u0648\u0637.<\/p>\n\n\n\n<p>\u0627\u0644\u0645\u0633\u0623\u0644\u0629 \u0644\u064a\u0633\u062a \u0645\u062c\u0631\u062f \u0639\u0648\u062f\u0629 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a\u061b \u0628\u0644 \u062a\u0648\u062c\u064a\u0647 \u0627\u0644\u0623\u0645\u0648\u0627\u0644 \u0625\u0644\u0649 \u0642\u0637\u0627\u0639\u0627\u062a \u062a\u0631\u0627\u0647\u0627 \u0627\u0644\u0635\u064a\u0646 \u0623\u0633\u0627\u0633\u064a\u0629 \u0644\u0646\u0645\u0648\u0647\u0627. \u0648\u064a\u0638\u0647\u0631 \u0630\u0644\u0643 \u0641\u064a \u062a\u0631\u0643\u064a\u0632 \u0628\u0643\u064a\u0646 \u0639\u0644\u0649 <strong>\u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 \u0627\u0644\u0645\u062a\u0642\u062f\u0645\u0629<\/strong> (\u062a\u0642\u0646\u064a\u0627\u062a \u0635\u0646\u0627\u0639\u064a\u0629 \u0648\u0639\u0644\u0645\u064a\u0629 \u0639\u0645\u064a\u0642\u0629 \u0645\u062b\u0644 \u0627\u0644\u0630\u0643\u0627\u0621 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a \u0648\u0627\u0644\u0631\u0642\u0627\u0626\u0642 \u0648\u0627\u0644\u0631\u0648\u0628\u0648\u062a\u0627\u062a). \u0627\u0644\u0647\u062f\u0641 \u0647\u0648 \u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0627\u0628\u062a\u0643\u0627\u0631 \u0648\u0644\u0643\u0646 \u0636\u0645\u0646 \u0636\u0648\u0627\u0628\u0637\u0647\u0627.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u062f\u0641\u0639 \u0625\u064a\u062c\u0627\u0628\u064a \u0644\u0644\u0627\u0628\u062a\u0643\u0627\u0631 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a<\/h2>\n\n\n\n<p>\u0627\u0644\u0623\u0631\u0642\u0627\u0645 \u0648\u0627\u0636\u062d\u0629: \u0628\u0644\u063a \u062c\u0645\u0639 \u0627\u0644\u0623\u0645\u0648\u0627\u0644 \u0639\u0628\u0631 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0641\u064a \u0627\u0644\u0635\u064a\u0646 \u0627\u0644\u0642\u0627\u0631\u064a\u0629 <strong>25.7 \u0645\u0644\u064a\u0627\u0631 \u064a\u0648\u0627\u0646 \u0641\u064a \u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u0623\u0648\u0644 2026<\/strong> \u0645\u0642\u0627\u0628\u0644 <strong>16.5 \u0645\u0644\u064a\u0627\u0631 \u064a\u0648\u0627\u0646<\/strong> \u0641\u064a \u0627\u0644\u0639\u0627\u0645 \u0627\u0644\u0633\u0627\u0628\u0642\u060c <a href=\"https:\/\/www.scmp.com\/business\/china-business\/article\/3348945\/china-ipos-jump-56-regulator-eases-restrictions-drive-tech-innovation\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u0628\u062d\u0633\u0628 \u0635\u062d\u064a\u0641\u0629 SCMP<\/a>. \u0648\u064a\u0639\u0648\u062f \u062c\u0632\u0621 \u0645\u0646 \u0627\u0644\u0632\u064a\u0627\u062f\u0629 \u0625\u0644\u0649 \u062a\u062e\u0641\u064a\u0641 \u0628\u0639\u0636 \u0627\u0644\u0642\u064a\u0648\u062f \u0628\u0647\u062f\u0641 \u062f\u0639\u0645 \u0627\u0644\u0627\u0628\u062a\u0643\u0627\u0631 \u0627\u0644\u062a\u0642\u0646\u064a. \u0643\u0645\u0627 \u0634\u0647\u062f\u062a \u0647\u0648\u0646\u063a \u0643\u0648\u0646\u063a <a href=\"https:\/\/kpmg.com\/cn\/en\/media\/press-releases\/2026\/04\/chinese-mainland-and-hk-ipo-markets-2026-q1-review-press-release.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u0627\u0631\u062a\u0641\u0627\u0639\u0627\u064b \u0643\u0628\u064a\u0631\u0627\u064b \u0641\u064a \u0646\u0634\u0627\u0637 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a<\/a>\u060c \u0625\u0630 \u0627\u0631\u062a\u0641\u0639\u062a \u0627\u0644\u0639\u0627\u0626\u062f\u0627\u062a <strong>231%<\/strong> \u0641\u064a 2025 \u0644\u062a\u0635\u0644 \u0625\u0644\u0649 <strong>37 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631<\/strong>.<\/p>\n\n\n\n<p>\u062a\u0623\u062a\u064a \u0632\u064a\u0627\u062f\u0629 \u0627\u0644\u0637\u0644\u0628\u0627\u062a \u063a\u0627\u0644\u0628\u0627\u064b \u0645\u0646 \u0642\u0637\u0627\u0639\u0627\u062a \u062a\u062a\u0648\u0627\u0641\u0642 \u0645\u0639 \u0623\u0648\u0644\u0648\u064a\u0627\u062a \u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0635\u064a\u0646\u064a\u0629: <strong>\u0627\u0644\u0631\u0642\u0627\u0626\u0642 \u0627\u0644\u0625\u0644\u0643\u062a\u0631\u0648\u0646\u064a\u0629 (\u0623\u0634\u0628\u0627\u0647 \u0627\u0644\u0645\u0648\u0635\u0644\u0627\u062a)\u060c \u0648\u0627\u0644\u0630\u0643\u0627\u0621 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a\u060c \u0648\u0627\u0644\u0631\u0648\u0628\u0648\u062a\u0627\u062a\u060c \u0648\u0627\u0644\u062a\u0642\u0646\u064a\u0629 \u0627\u0644\u062d\u064a\u0648\u064a\u0629<\/strong> (\u062a\u0637\u0628\u064a\u0642\u0627\u062a \u0639\u0644\u0645 \u0627\u0644\u0623\u062d\u064a\u0627\u0621 \u0641\u064a \u0627\u0644\u0623\u062f\u0648\u064a\u0629 \u0648\u0627\u0644\u062a\u0634\u062e\u064a\u0635). \u0647\u0630\u0647 \u0627\u0644\u0642\u0637\u0627\u0639\u0627\u062a \u0644\u0627 \u062a\u0645\u062a\u0644\u0643 \u0641\u0631\u0635 \u0646\u0645\u0648 \u0641\u0642\u0637\u060c \u0628\u0644 \u062a\u062d\u0645\u0644 \u0623\u0647\u0645\u064a\u0629 \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629.<\/p>\n\n\n\n<p>\u0647\u0630\u0627 \u0627\u0644\u0646\u0645\u0648 \u0627\u0644\u0645\u062f\u0641\u0648\u0639 \u0628\u0627\u0644\u0633\u064a\u0627\u0633\u0627\u062a \u064a\u0639\u0643\u0633 \u0631\u063a\u0628\u0629 \u0627\u0644\u062d\u0643\u0648\u0645\u0629 \u0641\u064a \u062f\u0639\u0645 \u0627\u0644\u062a\u0637\u0648\u0631 \u0627\u0644\u062a\u0642\u0646\u064a\u060c \u0644\u0643\u0646\u0647 \u064a\u0646\u062a\u062c \u0633\u0648\u0642\u0627\u064b \u0623\u0643\u062b\u0631 \u062a\u0646\u0638\u064a\u0645\u0627\u064b \u0648\u0627\u0646\u062a\u0642\u0627\u0626\u064a\u0629.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u0645\u0624\u0634\u0631 \u0627\u0644\u062b\u0642\u0629<\/h3>\n\n\n\n<p>\u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646\u060c \u062a\u0634\u064a\u0631 \u0625\u0639\u0627\u062f\u0629 \u0641\u062a\u062d \u0633\u0648\u0642 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0641\u064a \u0627\u0644\u0635\u064a\u0646 \u0625\u0644\u0649 \u062a\u062d\u0633\u0646 \u0627\u0644\u062b\u0642\u0629 \u0641\u064a \u0642\u0637\u0627\u0639\u0627\u062a \u0627\u0644\u062a\u0642\u0646\u064a\u0629 \u0648\u0627\u0644\u0627\u0628\u062a\u0643\u0627\u0631\u060c \u0648\u0625\u0646 \u0643\u0627\u0646\u062a \u0647\u0630\u0647 \u0627\u0644\u062b\u0642\u0629 \u0645\u0648\u062c\u0647\u0629 \u0628\u0627\u0644\u0633\u064a\u0627\u0633\u0627\u062a. \u0648\u062c\u0648\u062f <strong>\u0642\u0627\u0626\u0645\u0629 \u0643\u0628\u064a\u0631\u0629 \u0645\u0646 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0645\u0631\u0634\u062d\u0629 \u0644\u0644\u0637\u0631\u062d<\/strong> (\u0637\u0644\u0628\u0627\u062a \u0642\u064a\u062f \u0627\u0644\u0645\u0631\u0627\u062c\u0639\u0629 \u0642\u0628\u0644 \u0627\u0644\u0625\u062f\u0631\u0627\u062c) \u064a\u0639\u0646\u064a \u0646\u0634\u0627\u0637\u0627\u064b \u0641\u064a \u0633\u0648\u0642 \u0627\u0644\u062a\u0645\u0648\u064a\u0644\u060c \u0644\u0643\u0646\u0647 \u0644\u0627 \u064a\u0636\u0645\u0646 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0635\u0639\u0648\u062f \u0627\u0644\u0623\u0633\u0639\u0627\u0631. \u0627\u0644\u0633\u0624\u0627\u0644 \u0627\u0644\u0623\u0633\u0627\u0633\u064a: \u0647\u0644 \u062a\u062a\u062d\u0648\u0644 \u0627\u0644\u0637\u0644\u0628\u0627\u062a \u0625\u0644\u0649 \u0625\u062f\u0631\u0627\u062c\u0627\u062a \u0641\u0639\u0644\u064a\u0629\u061f \u0648\u0647\u0644 \u062a\u062d\u0627\u0641\u0638 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0639\u0644\u0649 \u0642\u064a\u0645\u062a\u0647\u0627 \u0628\u0639\u062f \u0627\u0644\u0625\u062f\u0631\u0627\u062c\u061f<\/p>\n\n\n\n<p>\u062f\u0648\u0631\u0629 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0642\u062f \u062a\u0624\u062b\u0631 \u0641\u064a <strong>\u0645\u0639\u0646\u0648\u064a\u0627\u062a \u0627\u0644\u0633\u0648\u0642<\/strong> (\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646) \u0648\u0627\u0647\u062a\u0645\u0627\u0645 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0628\u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u0645\u0631\u062a\u0628\u0637\u0629 \u0628\u0627\u0644\u0635\u064a\u0646\u060c \u062e\u0635\u0648\u0635\u0627\u064b \u0641\u064a <strong>\u0642\u0637\u0627\u0639\u0627\u062a \u0627\u0644\u0646\u0645\u0648<\/strong> (\u0642\u0637\u0627\u0639\u0627\u062a \u062a\u062a\u0648\u0633\u0639 \u0633\u0631\u064a\u0639\u0627\u064b \u0648\u062a\u0633\u062a\u0647\u062f\u0641 \u0632\u064a\u0627\u062f\u0629 \u0627\u0644\u0623\u0631\u0628\u0627\u062d \u0645\u0633\u062a\u0642\u0628\u0644\u0627\u064b \u0645\u062b\u0644 \u0627\u0644\u062a\u0642\u0646\u064a\u0629). \u0623\u062f\u0627\u0621 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0628\u0639\u062f \u0627\u0644\u0625\u062f\u0631\u0627\u062c \u0633\u064a\u062d\u062f\u062f \u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646 \u0627\u0644\u062a\u0641\u0627\u0624\u0644 \u0645\u0633\u062a\u062f\u0627\u0645\u0627\u064b \u0623\u0645 \u0645\u0624\u0642\u062a\u0627\u064b.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u0648\u0635\u0648\u0644 \u0645\u064f\u062f\u0627\u0631 \u0648\u0631\u0642\u0627\u0628\u0629 \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629<\/h2>\n\n\n\n<p>\u0642\u062f \u062a\u0628\u062f\u0648 \u0632\u064a\u0627\u062f\u0629 \u0646\u0634\u0627\u0637 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0625\u0634\u0627\u0631\u0629 \u0625\u064a\u062c\u0627\u0628\u064a\u0629\u060c \u0644\u0643\u0646 \u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u064a\u0647\u0627 \u0644\u064a\u0633 \u0645\u0641\u062a\u0648\u062d\u0627\u064b \u0644\u0644\u062c\u0645\u064a\u0639. \u0627\u0644\u0635\u064a\u0646 \u062a\u062f\u064a\u0631 \u0645\u0646 \u064a\u0645\u0643\u0646\u0647 \u0627\u0644\u0625\u062f\u0631\u0627\u062c \u0648\u0628\u0623\u064a \u0634\u0631\u0648\u0637.<\/p>\n\n\n\n<p>\u062a\u0648\u0627\u062c\u0647 <strong>\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0631\u0650\u062f-\u062a\u0634\u0650\u0628 (Red-chip)<\/strong> (\u0634\u0631\u0643\u0627\u062a \u0645\u0631\u062a\u0628\u0637\u0629 \u0628\u0627\u0644\u0635\u064a\u0646 \u0644\u0643\u0646\u0647\u0627 \u0645\u0633\u062c\u0644\u0629 \u062e\u0627\u0631\u062c\u0647\u0627 \u0648\u063a\u0627\u0644\u0628\u0627\u064b \u062a\u064f\u062f\u0631\u062c \u0641\u064a \u0647\u0648\u0646\u063a \u0643\u0648\u0646\u063a) \u062a\u062f\u0642\u064a\u0642\u0627\u064b \u0623\u0643\u0628\u0631. <a href=\"https:\/\/www.scmp.com\/business\/banking-finance\/article\/3346903\/chinas-tightened-listing-rules-some-red-chips-hong-kong-raise-concerns\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u0648\u062a\u062f\u0641\u0639 \u0627\u0644\u062c\u0647\u0627\u062a \u0627\u0644\u0645\u0646\u0638\u0645\u0629 \u0628\u0639\u0636 \u0647\u0630\u0647 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0625\u0644\u0649 \u0625\u0639\u0627\u062f\u0629 \u0647\u064a\u0643\u0644\u0629<\/a> (\u062a\u0639\u062f\u064a\u0644 \u0627\u0644\u0628\u0646\u064a\u0629 \u0627\u0644\u0642\u0627\u0646\u0648\u0646\u064a\u0629 \u0648\u0627\u0644\u0645\u0644\u0643\u064a\u0629) \u0642\u0628\u0644 \u0627\u0644\u0625\u062f\u0631\u0627\u062c \u0641\u064a \u0647\u0648\u0646\u063a \u0643\u0648\u0646\u063a\u060c \u0628\u0633\u0628\u0628 \u0645\u062e\u0627\u0648\u0641 \u062a\u062a\u0639\u0644\u0642 \u0628\u0648\u0636\u0648\u062d \u0627\u0644\u0645\u0644\u0643\u064a\u0629 \u0648\u0627\u0644\u0627\u0644\u062a\u0632\u0627\u0645 \u0628\u0627\u0644\u0623\u0646\u0638\u0645\u0629. \u0648\u0631\u063a\u0645 \u0623\u0646 \u0630\u0644\u0643 \u064a\u0628\u062f\u0648 \u0645\u0642\u064a\u062f\u0627\u064b\u060c \u0641\u0625\u0646\u0647 \u064a\u0647\u062f\u0641 \u0625\u0644\u0649 \u0634\u0641\u0627\u0641\u064a\u0629 \u0623\u0639\u0644\u0649 \u0648<strong>\u062d\u0648\u0643\u0645\u0629<\/strong> \u0623\u0641\u0636\u0644 (\u0642\u0648\u0627\u0639\u062f \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0634\u0631\u0643\u0629 \u0648\u0627\u0644\u0631\u0642\u0627\u0628\u0629 \u0639\u0644\u064a\u0647\u0627 \u0644\u062d\u0645\u0627\u064a\u0629 \u0627\u0644\u0645\u0633\u0627\u0647\u0645\u064a\u0646).<\/p>\n\n\n\n<p>\u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0646\u0641\u0633\u0647\u060c \u062a\u0634\u062f\u062f \u0627\u0644\u062c\u0647\u0627\u062a \u0627\u0644\u0645\u0646\u0638\u0645\u0629 \u0641\u064a \u0647\u0648\u0646\u063a \u0643\u0648\u0646\u063a \u0627\u0644\u0642\u0648\u0627\u0639\u062f \u0639\u0644\u0649 <strong>\u0631\u0639\u0627\u0629 \u0627\u0644\u0637\u0631\u062d<\/strong> (\u0627\u0644\u0628\u0646\u0648\u0643 \u0623\u0648 \u0627\u0644\u0645\u0624\u0633\u0633\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u062a\u064a \u062a\u062f\u064a\u0631 \u0639\u0645\u0644\u064a\u0629 \u0627\u0644\u0637\u0631\u062d \u0648\u062a\u062a\u062d\u0642\u0642 \u0645\u0646 \u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0627\u0644\u0634\u0631\u0643\u0629)\u060c \u0645\u0639 \u0632\u064a\u0627\u062f\u0629 <a href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/china-restricts-overseas-incorporated-firms-hong-kong-ipos-bloomberg-news-2026-03-17\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u0641\u062d\u0635 \u0645\u0633\u062a\u0646\u062f\u0627\u062a \u0627\u0644\u0625\u062f\u0631\u0627\u062c<\/a>. \u0647\u0630\u0627 \u064a\u0636\u0645\u0646 \u0627\u0633\u062a\u064a\u0641\u0627\u0621 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0644\u0645\u0639\u0627\u064a\u064a\u0631 \u0645\u062d\u062f\u062f\u0629\u060c \u0644\u0643\u0646\u0647 \u064a\u0639\u0646\u064a \u0623\u064a\u0636\u0627\u064b \u0631\u0642\u0627\u0628\u0629 \u0623\u0642\u0648\u0649 \u0639\u0644\u0649 \u0628\u0646\u064a\u0629 \u0627\u0644\u0633\u0648\u0642.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u062e\u0637\u0648\u0629 \u0646\u062d\u0648 \u0627\u0644\u0627\u0628\u062a\u0643\u0627\u0631 \u0645\u0639 \u0642\u062f\u0631 \u0645\u0646 \u0627\u0644\u062d\u0630\u0631<\/h2>\n\n\n\n<p>\u0631\u063a\u0645 \u0627\u0644\u0642\u064a\u0648\u062f \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a\u0629\u060c \u0647\u0646\u0627\u0643 \u062c\u0627\u0646\u0628 \u0625\u064a\u062c\u0627\u0628\u064a \u0644\u0639\u0648\u062f\u0629 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0628\u0634\u0643\u0644 \u0645\u064f\u062f\u0627\u0631. \u062a\u0648\u062c\u064a\u0647 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0625\u0644\u0649 \u0635\u0646\u0627\u0639\u0627\u062a \u0645\u0647\u0645\u0629 \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u064b \u0642\u062f \u064a\u062f\u0639\u0645 \u0627\u0644\u0627\u0628\u062a\u0643\u0627\u0631 \u0648\u064a\u0639\u0632\u0632 \u0627\u0644\u0646\u0645\u0648 \u0639\u0644\u0649 \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0637\u0648\u064a\u0644. \u062f\u0639\u0645 \u0627\u0644\u0633\u064a\u0627\u0633\u0627\u062a \u0644\u0644\u062a\u0642\u0646\u064a\u0629 \u0648\u0627\u0644\u0635\u0646\u0627\u0639\u0629 \u0627\u0644\u0645\u062a\u0642\u062f\u0645\u0629 \u064a\u062c\u0639\u0644 \u0633\u0648\u0642 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0623\u062f\u0627\u0629 \u0644\u062a\u0648\u062c\u064a\u0647 \u0627\u0644\u0645\u0648\u0627\u0631\u062f \u0625\u0644\u0649 \u062d\u064a\u062b \u0627\u0644\u062d\u0627\u062c\u0629.<\/p>\n\n\n\n<p>\u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646\u060c \u0627\u0644\u0635\u0648\u0631\u0629 \u0645\u062a\u0648\u0627\u0632\u0646\u0629: \u0631\u0642\u0627\u0628\u0629 \u0623\u0643\u0628\u0631 \u0645\u0646 \u0627\u0644\u062f\u0648\u0644\u0629\u060c \u0644\u0643\u0646 \u0627\u0644\u062a\u0631\u0643\u064a\u0632 \u0639\u0644\u0649 \u0627\u0644\u0627\u0628\u062a\u0643\u0627\u0631 \u0642\u062f \u064a\u0628\u0642\u064a \u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0635\u064a\u0646\u064a\u0629 \u0636\u0645\u0646 \u0645\u0646\u0627\u0637\u0642 \u0627\u0644\u0646\u0645\u0648. \u0648\u0645\u0639 \u0627\u0646\u062a\u0642\u0627\u0644 \u0627\u0644\u0643\u0641\u0627\u0621\u0627\u062a \u0646\u062d\u0648 \u0645\u0646\u0638\u0648\u0645\u0629 \u0627\u0644\u062a\u0642\u0646\u064a\u0629 \u0641\u064a \u0627\u0644\u0635\u064a\u0646\u060c \u0642\u062f \u062a\u0631\u062a\u0641\u0639 \u062c\u0627\u0630\u0628\u064a\u0629 \u0627\u0644\u0628\u0644\u0627\u062f \u0644\u0644\u0643\u0641\u0627\u0621\u0627\u062a \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629\u060c \u062e\u0635\u0648\u0635\u0627\u064b \u0641\u064a \u0627\u0644\u0630\u0643\u0627\u0621 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a \u0648\u0627\u0644\u0631\u0648\u0628\u0648\u062a\u0627\u062a.<\/p>\n\n\n\n<p>\u062a\u0634\u064a\u0631 \u0639\u0648\u062f\u0629 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0625\u0644\u0649 \u0623\u0646 \u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0635\u064a\u0646\u064a\u0629 \u062a\u062a\u062d\u0631\u0643 \u0628\u0645\u0627 \u064a\u062a\u0645\u0627\u0634\u0649 \u0645\u0639 \u062e\u0637\u0637 \u0627\u0644\u0646\u0645\u0648 \u0637\u0648\u064a\u0644\u0629 \u0627\u0644\u0623\u062c\u0644\u060c \u062e\u0635\u0648\u0635\u0627\u064b \u0641\u064a <strong>\u0642\u0637\u0627\u0639\u0627\u062a \u0627\u0644\u062a\u0642\u0646\u064a\u0629 \u0627\u0644\u0645\u062a\u0642\u062f\u0645\u0629<\/strong>\u060c \u0645\u0627 \u0642\u062f \u064a\u062e\u0644\u0642 \u0641\u0631\u0635\u0627\u064b \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646.<\/p>\n\n\n\n<p>\u0646\u0648\u0641\u0631 \u0644\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 <a href=\"https:\/\/www.vtmarkets.com\/tools\/?utmsource=Opinion\">\u0623\u062f\u0648\u0627\u062a<\/a>\u060c \u0648<a href=\"https:\/\/www.vtmarkets.com\/Insights\/\">\u062a\u062d\u0644\u064a\u0644\u0627\u062a<\/a>\u060c \u0648<a href=\"https:\/\/www.vtmarkets.com\/platforms\/?utmsource=Opinion\">\u0642\u062f\u0631\u0627\u062a \u062a\u0646\u0641\u064a\u0630 \u0627\u0644\u0635\u0641\u0642\u0627\u062a<\/a> \u0644\u0645\u0648\u0627\u0643\u0628\u0629 \u0647\u0630\u0647 \u0627\u0644\u062a\u062d\u0648\u0644\u0627\u062a\u060c \u0648\u0627\u0644\u0645\u0633\u0627\u0639\u062f\u0629 \u0639\u0644\u0649 \u0627\u0644\u0627\u0633\u062a\u0639\u062f\u0627\u062f \u0644\u0644\u062a\u063a\u064a\u0631\u0627\u062a \u0627\u0644\u0645\u0647\u0645\u0629 \u0641\u064a \u0627\u0644\u0633\u0648\u0642. <strong><a href=\"http:\/\/www.vtmarkets.com\/trade-now?utm_source=Opinion\">\u0627\u0646\u0636\u0645 \u0625\u0644\u0649 \u0645\u0646\u0635\u062a\u0646\u0627 \u0627\u0644\u064a\u0648\u0645<\/a>.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u0645\u0627 \u0627\u0644\u0630\u064a \u064a\u0647\u0645 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646\u061f<\/h2>\n\n\n\n<p>\u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646\u060c \u064a\u0624\u062b\u0631 \u0630\u0644\u0643 \u0645\u0628\u0627\u0634\u0631\u0629 \u0641\u064a \u0643\u064a\u0641\u064a\u0629 \u062a\u0642\u064a\u064a\u0645 \u0627\u0644\u062a\u0639\u0631\u0636 \u0644\u0623\u0635\u0648\u0644 \u0645\u0631\u062a\u0628\u0637\u0629 \u0628\u0627\u0644\u0635\u064a\u0646. \u0641\u0639\u0627\u062f\u0629\u064b \u0645\u0627 \u064a\u0634\u064a\u0631 \u0646\u0634\u0627\u0637 \u0633\u0648\u0642 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0625\u0644\u0649 \u062a\u062d\u0633\u0646 \u0627\u0644\u062b\u0642\u0629\u060c \u062d\u062a\u0649 \u0644\u0648 \u0643\u0627\u0646\u062a \u0647\u0630\u0647 \u0627\u0644\u062b\u0642\u0629 \u0645\u0648\u062c\u0647\u0629.<\/p>\n\n\n\n<p>\u0648\u062c\u0648\u062f <strong>\u0642\u0627\u0626\u0645\u0629 \u0643\u0628\u064a\u0631\u0629 \u0645\u0646 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a<\/strong> \u0648\u062d\u062f\u0647 \u0644\u0627 \u064a\u0639\u0646\u064a \u0628\u0627\u0644\u0636\u0631\u0648\u0631\u0629 \u0635\u0639\u0648\u062f\u0627\u064b. \u0641\u0647\u0648 \u064a\u062f\u0639\u0645 \u0627\u0644\u0645\u0639\u0646\u0648\u064a\u0627\u062a \u0641\u0642\u0637 \u0625\u0630\u0627 \u062a\u062d\u0648\u0644\u062a \u0627\u0644\u0637\u0644\u0628\u0627\u062a \u0625\u0644\u0649 \u0625\u062f\u0631\u0627\u062c\u0627\u062a \u0641\u0639\u0644\u064a\u0629 \u0628\u0648\u062a\u064a\u0631\u0629 \u0645\u0633\u062a\u0642\u0631\u0629.<\/p>\n\n\n\n<p>\u0645\u0631\u062d\u0644\u0629 \u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u0641\u062a\u062d \u0647\u064a \u0627\u0644\u0628\u062f\u0627\u064a\u0629 \u0641\u0642\u0637. \u0627\u0644\u0645\u0631\u062d\u0644\u0629 \u0627\u0644\u062a\u0627\u0644\u064a\u0629 \u0633\u062a\u062d\u062f\u062f \u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u0627\u0644\u0645\u0639\u0646\u0648\u064a\u0627\u062a \u0633\u062a\u0642\u0648\u0649 \u0623\u0645 \u0633\u062a\u062a\u0631\u0627\u062c\u0639. \u0648\u0645\u0646 \u0647\u0646\u0627\u060c \u0639\u0644\u0649 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0645\u062a\u0627\u0628\u0639\u0629 \u0639\u0648\u0627\u0645\u0644 \u0645\u062d\u062f\u062f\u0629:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u062a\u062d\u0648\u0644 \u0627\u0644\u0642\u0627\u0626\u0645\u0629 \u0625\u0644\u0649 \u0625\u062f\u0631\u0627\u062c\u0627\u062a<\/strong>: \u0647\u0644 \u062a\u062a\u062d\u0648\u0644 \u0637\u0644\u0628\u0627\u062a \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0625\u0644\u0649 \u0625\u062f\u0631\u0627\u062c\u0627\u062a \u0645\u0646\u062a\u0638\u0645\u0629\u061f \u0648\u0645\u0627 \u0633\u0631\u0639\u0629 \u0627\u0646\u062a\u0642\u0627\u0644 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0645\u0646 \u0645\u0631\u062d\u0644\u0629 \u0627\u0644\u0637\u0631\u062d \u0627\u0644\u0645\u062e\u0637\u0637 \u0625\u0644\u0649 \u0635\u0641\u0642\u0627\u062a \u0641\u0639\u0644\u064a\u0629\u061f<br><\/li>\n\n\n\n<li><strong>\u0642\u064a\u0627\u062f\u0629 \u0627\u0644\u0642\u0637\u0627\u0639\u0627\u062a<\/strong>: \u0647\u0644 \u0633\u062a\u0638\u0644 <strong>\u0627\u0644\u0631\u0642\u0627\u0626\u0642 \u0627\u0644\u0625\u0644\u0643\u062a\u0631\u0648\u0646\u064a\u0629 \u0648\u0627\u0644\u0630\u0643\u0627\u0621 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a \u0648\u0627\u0644\u062a\u0642\u0646\u064a\u0629 \u0627\u0644\u062d\u064a\u0648\u064a\u0629<\/strong> \u0641\u064a \u0635\u062f\u0627\u0631\u0629 \u0627\u0644\u0625\u062f\u0631\u0627\u062c\u0627\u062a\u061f \u0647\u0630\u0627 \u064a\u0639\u0646\u064a \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u062a\u0631\u0643\u064a\u0632 \u0627\u0644\u0633\u064a\u0627\u0633\u0627\u062a \u0639\u0644\u0649 \u0647\u0630\u0647 \u0627\u0644\u0635\u0646\u0627\u0639\u0627\u062a.<br><\/li>\n\n\n\n<li><strong>\u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0627\u0644\u062a\u0634\u062f\u062f \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a<\/strong>: \u0643\u064a\u0641 \u0633\u062a\u0624\u062b\u0631 \u0625\u0635\u0644\u0627\u062d\u0627\u062a <a href=\"https:\/\/www.chinadaily.com.cn\/a\/202603\/07\/WS69ab7d35a310d6866eb3c485.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">STAR \u0648ChiNext<\/a> (\u0645\u0646\u0635\u0627\u062a \u0625\u062f\u0631\u0627\u062c \u0641\u064a \u0627\u0644\u0635\u064a\u0646 \u062a\u0631\u0643\u0632 \u0639\u0644\u0649 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0627\u0628\u062a\u0643\u0627\u0631 \u0648\u0627\u0644\u0646\u0645\u0648) \u0639\u0644\u0649 \u0633\u0631\u0639\u0629 \u0648\u062c\u0648\u062f\u0629 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0639\u0644\u0649 \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0637\u0648\u064a\u0644\u061f \u0625\u0630\u0627 \u0623\u062f\u062a \u0627\u0644\u0625\u0635\u0644\u0627\u062d\u0627\u062a \u0625\u0644\u0649 \u0645\u0648\u0627\u0641\u0642\u0627\u062a \u0623\u0633\u0631\u0639 <a href=\"https:\/\/www.chinadailyhk.com\/hk\/article\/629980\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u0648\u0645\u0639\u0627\u064a\u064a\u0631 \u0642\u0628\u0648\u0644 \u0623\u0648\u0633\u0639<\/a>\u060c \u0641\u0642\u062f \u064a\u0643\u0648\u0646 \u0630\u0644\u0643 \u0645\u0624\u0634\u0631\u0627\u064b \u0625\u064a\u062c\u0627\u0628\u064a\u0627\u064b.<br><\/li>\n\n\n\n<li><strong>\u0623\u062f\u0627\u0621 \u0645\u0627 \u0628\u0639\u062f \u0627\u0644\u0637\u0631\u062d<\/strong>: \u0642\u0648\u0629 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0628\u0639\u062f \u0627\u0644\u0625\u062f\u0631\u0627\u062c (\u062d\u0631\u0643\u0629 \u0627\u0644\u0633\u0647\u0645 \u0628\u0639\u062f \u0625\u062f\u0631\u0627\u062c\u0647 \u0641\u064a \u0627\u0644\u0633\u0648\u0642) \u062a\u0624\u0643\u062f \u0627\u0644\u062b\u0642\u0629 \u0627\u0644\u0641\u0639\u0644\u064a\u0629. \u0648\u0625\u0630\u0627 \u0636\u0639\u0641 \u0627\u0644\u0623\u062f\u0627\u0621 \u0628\u0639\u062f \u0627\u0644\u0625\u062f\u0631\u0627\u062c\u060c \u0641\u0642\u062f \u064a\u0639\u0646\u064a \u0623\u0646 \u0627\u0644\u0645\u0639\u0646\u0648\u064a\u0627\u062a \u0623\u0636\u0639\u0641 \u0645\u0645\u0627 \u0628\u062f\u062a \u0639\u0644\u064a\u0647.<\/li>\n<\/ul>\n\n\n\n<p>\u0633\u062a\u062d\u062f\u062f \u0647\u0630\u0647 \u0627\u0644\u0639\u0648\u0627\u0645\u0644 \u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u0639\u0648\u062f\u0629 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0633\u062a\u0642\u0648\u062f \u0625\u0644\u0649 \u0642\u0648\u0629 \u0623\u0648\u0633\u0639 \u0641\u064a \u0627\u0644\u0633\u0648\u0642 \u0623\u0645 \u0625\u0644\u0649 \u062a\u0631\u0627\u062c\u0639 \u0627\u0644\u0645\u0639\u0646\u0648\u064a\u0627\u062a.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u0645\u0627 \u0627\u0644\u0630\u064a \u064a\u062c\u0628 \u0645\u0631\u0627\u0642\u0628\u062a\u0647\u061f<\/h2>\n\n\n\n<p>\u0627\u0644\u0645\u0647\u0645 \u0644\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0647\u0648 \u0645\u062a\u0627\u0628\u0639\u0629 \u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u0642\u0627\u0626\u0645\u0629 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u062a\u062a\u062d\u0648\u0644 \u0625\u0644\u0649 \u0635\u0641\u0642\u0627\u062a \u0641\u0639\u0644\u064a\u0629\u060c \u0648\u0645\u0627 \u0625\u0630\u0627 \u0638\u0644\u062a \u0642\u0637\u0627\u0639\u0627\u062a \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 \u0627\u0644\u0645\u062a\u0642\u062f\u0645\u0629 \u0641\u064a \u0627\u0644\u0648\u0627\u062c\u0647\u0629. \u0648\u0645\u0639 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0646\u0645\u0648 \u0627\u0644\u0635\u064a\u0646 \u0627\u0644\u0642\u0627\u0626\u0645 \u0639\u0644\u0649 \u0627\u0644\u0627\u0628\u062a\u0643\u0627\u0631\u060c \u0633\u064a\u0639\u0643\u0633 \u0623\u062f\u0627\u0621 <a href=\"https:\/\/www.vtmarkets.com\/indices\/?utmsource=Opinion\" target=\"_blank\" rel=\"noopener\" title=\"\">\u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0645\u0631\u062a\u0628\u0637\u0629 \u0628\u0627\u0644\u0635\u064a\u0646<\/a> \u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u0645\u0639\u0646\u0648\u064a\u0627\u062a \u062a\u062c\u0627\u0647 \u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0635\u064a\u0646\u064a\u0629.<\/p>\n\n\n\n<p>\u0641\u064a VT Markets\u060c \u0646\u0648\u0641\u0631 \u0639\u0642\u0648\u062f \u0627\u0644\u0641\u0631\u0648\u0642\u0627\u062a \u0639\u0644\u0649 \u0645\u062c\u0645\u0648\u0639\u0629 \u0645\u0646 <strong>\u0627\u0644\u0645\u0646\u062a\u062c\u0627\u062a \u0627\u0644\u0645\u0631\u062a\u0628\u0637\u0629 \u0628\u0627\u0644\u0635\u064a\u0646 \u0648\u0647\u0648\u0646\u063a \u0643\u0648\u0646\u063a<\/strong>. \u0648<strong>\u0639\u0642\u0648\u062f \u0627\u0644\u0641\u0631\u0648\u0642\u0627\u062a (CFDs)<\/strong> \u0647\u064a \u0623\u062f\u0648\u0627\u062a \u062a\u062a\u064a\u062d \u0627\u0644\u0645\u0636\u0627\u0631\u0628\u0629 \u0639\u0644\u0649 \u062d\u0631\u0643\u0629 \u0627\u0644\u0633\u0639\u0631 \u062f\u0648\u0646 \u0627\u0645\u062a\u0644\u0627\u0643 \u0627\u0644\u0623\u0635\u0644 \u0645\u0628\u0627\u0634\u0631\u0629. \u0648\u062a\u0634\u0645\u0644:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>CHINA50 (China A50 Index Cash CFD)<\/strong>: <br>\u0645\u0624\u0634\u0631 \u0645\u0647\u0645 \u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0635\u064a\u0646\u064a\u0629 \u0627\u0644\u0643\u0628\u0631\u0649\u060c \u0648\u064a\u062a\u0623\u062b\u0631 \u0628\u0627\u0644\u0638\u0631\u0648\u0641 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0627\u0644\u0639\u0627\u0645\u0629\u060c \u0648\u062a\u063a\u064a\u0631\u0627\u062a \u0627\u0644\u0633\u064a\u0627\u0633\u0627\u062a\u060c \u0648\u0645\u0639\u0646\u0648\u064a\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u062a\u062c\u0627\u0647 \u0623\u0643\u0628\u0631 \u0627\u0644\u0634\u0631\u0643\u0627\u062a.<\/td><td><strong>CHINA50ft (CHINA50 Future)<\/strong>: <br><strong>\u0639\u0642\u062f \u0645\u0633\u062a\u0642\u0628\u0644\u064a<\/strong> (\u0627\u062a\u0641\u0627\u0642 \u0644\u0634\u0631\u0627\u0621 \u0623\u0648 \u0628\u064a\u0639 \u0623\u0635\u0644 \u0641\u064a \u062a\u0627\u0631\u064a\u062e \u0644\u0627\u062d\u0642 \u0628\u0633\u0639\u0631 \u0645\u062d\u062f\u062f) \u064a\u0639\u0643\u0633 \u0623\u062f\u0627\u0621 \u0623\u0643\u0628\u0631 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0641\u064a \u0627\u0644\u0635\u064a\u0646\u060c \u0648\u064a\u0645\u0646\u062d \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0637\u0631\u064a\u0642\u0629 \u0644\u0644\u0627\u0633\u062a\u0641\u0627\u062f\u0629 \u0645\u0646 \u062a\u062d\u0631\u0643\u0627\u062a \u0623\u0633\u0647\u0645 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0642\u064a\u0627\u062f\u064a\u0629.<\/td><td><strong>CHINAH (Hong Kong China H-shares Cash)<\/strong>: <br>\u0645\u0646\u062a\u062c \u064a\u062a\u062a\u0628\u0639 \u0634\u0631\u0643\u0627\u062a \u0635\u064a\u0646\u064a\u0629 \u0645\u062f\u0631\u062c\u0629 \u0641\u064a \u0647\u0648\u0646\u063a \u0643\u0648\u0646\u063a\u060c \u0645\u0627 \u064a\u0648\u0641\u0631 \u062a\u0639\u0631\u0636\u0627\u064b \u0644\u0623\u062f\u0627\u0621 \u0647\u0630\u0647 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0641\u064a \u0645\u0631\u0643\u0632 \u0645\u0627\u0644\u064a \u0639\u0627\u0644\u0645\u064a \u0645\u0647\u0645.<\/td><\/tr><tr><td><strong>HK50 (Hang Seng Index Cash CFD)<\/strong>: <br>\u064a\u0645\u062b\u0644 <a href=\"https:\/\/www.vtmarkets.com\/discover\/what-is-the-hang-seng-index\/?utmsource=Opinion\" target=\"_blank\" rel=\"noopener\" title=\"\">\u0645\u0624\u0634\u0631 \u0647\u0627\u0646\u063a \u0633\u0646\u063a<\/a>\u060c \u0648\u064a\u0642\u062f\u0645 \u0635\u0648\u0631\u0629 \u0639\u0627\u0645\u0629 \u0639\u0646 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0645\u062f\u0631\u062c\u0629 \u0641\u064a \u0647\u0648\u0646\u063a \u0643\u0648\u0646\u063a\u060c \u0648\u064a\u064f\u0633\u062a\u062e\u062f\u0645 \u0643\u0645\u0642\u064a\u0627\u0633 \u0644\u062b\u0642\u0629 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0641\u064a \u0623\u0633\u0647\u0645 \u0647\u0648\u0646\u063a \u0643\u0648\u0646\u063a.<\/td><td><strong>HK50ft (HK50 Future)<\/strong>: <br>\u0645\u0646\u062a\u062c \u0645\u0633\u062a\u0642\u0628\u0644\u064a \u0639\u0644\u0649 \u0645\u0624\u0634\u0631 \u0647\u0627\u0646\u063a \u0633\u0646\u063a\u060c \u0648\u064a\u062a\u064a\u062d \u0644\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0628\u0627\u0633\u062a\u062e\u062f\u0627\u0645 <strong>\u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629<\/strong> (\u0622\u0644\u064a\u0629 \u062a\u0633\u0645\u062d \u0628\u0641\u062a\u062d \u0635\u0641\u0642\u0629 \u0623\u0643\u0628\u0631 \u0645\u0646 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0645\u062a\u0627\u062d \u0645\u0642\u0627\u0628\u0644 \u0645\u062e\u0627\u0637\u0631 \u0623\u0639\u0644\u0649).<\/td><td><strong>HKTECH (Hang Seng TECH Index CFD)<\/strong>: <br>\u064a\u0631\u0643\u0632 \u0639\u0644\u0649 \u0642\u0637\u0627\u0639 \u0627\u0644\u062a\u0642\u0646\u064a\u0629 \u0641\u064a \u0647\u0648\u0646\u063a \u0643\u0648\u0646\u063a\u060c \u0648\u064a\u062a\u064a\u062d \u0627\u0644\u062a\u0639\u0631\u0636 \u0644\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062a\u0642\u0646\u064a\u0629 \u0627\u0644\u0643\u0628\u0631\u0649 \u0641\u064a \u0627\u0644\u0645\u0646\u0637\u0642\u0629.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<!-- TradingView Widget BEGIN -->\n<div class=\"tradingview-widget-container\">\n  <div class=\"tradingview-widget-container__widget\"><\/div>\n  <script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/external-embedding\/embed-widget-tickers.js\" async>\n  {\n  \"symbols\": [\n    {\n      \"proName\": \"VANTAGE:CHINA50\",\n      \"title\": \"China A50 Index Cash CFD (USD)\"\n    },\n    {\n      \"proName\": \"VANTAGE:CHINA50FT\",\n      \"title\": \"CHINA50 Future\"\n    },\n    {\n      \"proName\": \"ICMARKETS:CHINAH\",\n      \"title\": \"Hong Kong China H-shares Cash\"\n    }\n  ],\n  \"colorTheme\": \"dark\",\n  \"locale\": \"en\",\n  \"largeChartUrl\": \"\",\n  \"isTransparent\": false,\n  \"showSymbolLogo\": true\n}\n  <\/script>\n<\/div>\n<!-- TradingView Widget END -->\n<!-- TradingView Widget BEGIN -->\n<div class=\"tradingview-widget-container\">\n  <div class=\"tradingview-widget-container__widget\"><\/div>\n  <div class=\"tradingview-widget-copyright\"><a href=\"https:\/\/www.tradingview.com\/markets\/\" rel=\"noopener nofollow\" target=\"_blank\"><span class=\"blue-text\">CFD Assets Tradable at VT<\/span><\/a><span class=\"trademark\"> by TradingView<\/span><\/div>\n  <script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/external-embedding\/embed-widget-tickers.js\" async>\n  {\n  \"symbols\": [\n    {\n      \"proName\": \"VANTAGE:HK50\",\n      \"title\": \"Hang Seng Index Cash CFD (HKD)\"\n    },\n    {\n      \"proName\": \"VANTAGE:HK50FT\",\n      \"title\": \"HK50 Future\"\n    },\n    {\n      \"proName\": \"VANTAGE:HKTECH\",\n      \"title\": \"Hang Seng TECH Index CASH CFD (HKD)\"\n    }\n  ],\n  \"colorTheme\": \"dark\",\n  \"locale\": \"en\",\n  \"largeChartUrl\": \"\",\n  \"isTransparent\": false,\n  \"showSymbolLogo\": true\n}\n  <\/script>\n<\/div>\n<!-- TradingView Widget END -->\n\n\n\n<p><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><\/p>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"><summary>\u0627\u0646\u0642\u0631 \u0644\u0644\u062a\u0630\u0643\u064a\u0631 \u0627\u0644\u0633\u0631\u064a\u0639!<\/summary>\n<p><strong>1. \u0645\u0627 \u0627\u0644\u0642\u0637\u0627\u0639\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u0642\u0648\u062f \u0639\u0648\u062f\u0629 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0641\u064a \u0627\u0644\u0635\u064a\u0646\u061f<\/strong><\/p>\n\n\n\n<p>\u062a\u0642\u0648\u062f \u0639\u0648\u062f\u0629 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0641\u064a \u0627\u0644\u0635\u064a\u0646 \u0642\u0637\u0627\u0639\u0627\u062a \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627\u060c \u0628\u0645\u0627 \u0641\u064a \u0630\u0644\u0643 \u0627\u0644\u0631\u0642\u0627\u0626\u0642 \u0627\u0644\u0625\u0644\u0643\u062a\u0631\u0648\u0646\u064a\u0629 \u0648\u0627\u0644\u0630\u0643\u0627\u0621 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a \u0648\u0627\u0644\u0631\u0648\u0628\u0648\u062a\u0627\u062a\u060c \u0625\u0636\u0627\u0641\u0629 \u0625\u0644\u0649 \u0627\u0644\u062a\u0642\u0646\u064a\u0629 \u0627\u0644\u062d\u064a\u0648\u064a\u0629 \u0648\u0627\u0644\u0631\u0639\u0627\u064a\u0629 \u0627\u0644\u0635\u062d\u064a\u0629\u060c \u0628\u0645\u0627 \u064a\u062a\u0645\u0627\u0634\u0649 \u0645\u0639 \u0647\u062f\u0641 \u0628\u0643\u064a\u0646 \u0644\u062a\u0639\u0632\u064a\u0632 \u0627\u0644\u0627\u0639\u062a\u0645\u0627\u062f \u0639\u0644\u0649 \u0627\u0644\u0630\u0627\u062a.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>2. \u0643\u064a\u0641 \u062a\u0646\u0638\u0645 \u0627\u0644\u062d\u0643\u0648\u0645\u0629 \u0627\u0644\u0635\u064a\u0646\u064a\u0629 \u0639\u0645\u0644\u064a\u0629 \u0627\u0644\u0637\u0631\u062d \u0627\u0644\u0639\u0627\u0645 \u0627\u0644\u0623\u0648\u0644\u064a\u061f<\/strong><\/p>\n\n\n\n<p>\u0644\u0627 \u062a\u0643\u062a\u0641\u064a \u0627\u0644\u062d\u0643\u0648\u0645\u0629 \u0628\u0625\u0639\u0627\u062f\u0629 \u0641\u062a\u062d \u0627\u0644\u0633\u0648\u0642. \u0628\u0644 \u062a\u0648\u062c\u0647 \u062a\u062f\u0641\u0642\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0646\u062d\u0648 \u0642\u0637\u0627\u0639\u0627\u062a \u0645\u062d\u062f\u062f\u0629 \u0639\u0628\u0631 \u062a\u062d\u062f\u064a\u062f \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0645\u0624\u0647\u0644\u0629 \u0644\u0644\u0625\u062f\u0631\u0627\u062c\u060c \u0648\u0645\u0631\u0627\u0642\u0628\u0629 \u0627\u0644\u0647\u064a\u0627\u0643\u0644 \u0627\u0644\u0645\u0633\u062c\u0644\u0629 \u062e\u0627\u0631\u062c \u0627\u0644\u0635\u064a\u0646 (\u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u064f\u0633\u062c\u0644 \u0642\u0627\u0646\u0648\u0646\u064a\u0627\u064b \u0641\u064a \u062f\u0648\u0644 \u0623\u062e\u0631\u0649)\u060c \u0648\u062a\u0634\u062f\u064a\u062f \u0645\u0639\u0627\u064a\u064a\u0631 \u0627\u0644\u0627\u0644\u062a\u0632\u0627\u0645 \u0628\u0627\u0644\u0623\u0646\u0638\u0645\u0629.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>3. \u0645\u0627 \u0623\u062b\u0631 \u0639\u0648\u062f\u0629 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0639\u0644\u0649 \u0645\u0639\u0646\u0648\u064a\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646\u061f<\/strong><\/p>\n\n\n\n<p>\u062a\u0634\u064a\u0631 \u0639\u0648\u062f\u0629 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0625\u0644\u0649 \u062a\u062d\u0633\u0646 \u0627\u0644\u062b\u0642\u0629 \u0641\u064a \u0627\u0644\u0646\u0645\u0648 \u0627\u0644\u0645\u062f\u0641\u0648\u0639 \u0628\u0627\u0644\u062a\u0642\u0646\u064a\u0629\u060c \u062e\u0635\u0648\u0635\u0627\u064b \u0641\u064a \u0627\u0644\u0642\u0637\u0627\u0639\u0627\u062a \u0627\u0644\u0645\u062f\u0639\u0648\u0645\u0629 \u0628\u0627\u0644\u0633\u064a\u0627\u0633\u0627\u062a. \u0644\u0643\u0646 \u0646\u062c\u0627\u062d \u0630\u0644\u0643 \u064a\u0639\u062a\u0645\u062f \u0639\u0644\u0649 \u062a\u062d\u0648\u0644 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0625\u0644\u0649 \u0625\u062f\u0631\u0627\u062c\u0627\u062a \u0648\u0635\u0641\u0642\u0627\u062a \u0641\u0639\u0644\u064a\u0629.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>4. \u0643\u064a\u0641 \u064a\u0645\u0643\u0646 \u0644\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0627\u0644\u0627\u0633\u062a\u0641\u0627\u062f\u0629 \u0645\u0646 \u062a\u0639\u0627\u0641\u064a \u0633\u0648\u0642 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0627\u0644\u0635\u064a\u0646\u064a\u0629 \u0639\u0628\u0631 VT Markets\u061f<\/strong><\/p>\n\n\n\n<p>\u064a\u0645\u0643\u0646 \u0644\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0627\u0644\u0648\u0635\u0648\u0644 \u0625\u0644\u0649 \u0645\u0624\u0634\u0631\u0627\u062a \u0645\u0631\u062a\u0628\u0637\u0629 \u0628\u0627\u0644\u0635\u064a\u0646 \u0645\u062b\u0644 China50 \u0648China50FT \u0648CHINAH\u060c \u0648\u0647\u064a \u062a\u0639\u0643\u0633 \u0627\u062a\u062c\u0627\u0647\u0627\u062a \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0648\u0645\u0639\u0646\u0648\u064a\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u062a\u062c\u0627\u0647 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0645\u062f\u0631\u062c\u0629 \u0641\u064a \u0627\u0644\u0635\u064a\u0646 \u0648\u0647\u0648\u0646\u063a \u0643\u0648\u0646\u063a.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>5. \u0647\u0644 \u0633\u064a\u0638\u0644 \u0633\u0648\u0642 \u0627\u0644\u0637\u0631\u0648\u062d\u0627\u062a \u0641\u064a \u0627\u0644\u0635\u064a\u0646 \u062e\u0627\u0636\u0639\u0627\u064b \u0644\u0644\u062a\u0648\u062c\u064a\u0647 \u0627\u0644\u0633\u064a\u0627\u0633\u064a\u061f<\/strong><\/p>\n<\/details>\n\n<p>\n\n<p><strong>\u0627\u0628\u062f\u0623 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0622\u0646 &#8211; \u0627\u0646\u0642\u0631 <a href=\"https:\/\/www.vtmarkets.com\/ar\/trade-now\/\">\u0647\u0646\u0627<\/a> \u0644\u0641\u062a\u062d \u062d\u0633\u0627\u0628 \u062d\u0642\u064a\u0642\u064a \u0641\u064a VT Markets <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u0639\u0648\u062f\u0629 \u0642\u0648\u064a\u0629 \u0644\u0637\u0631\u062d \u0627\u0644\u0623\u0633\u0647\u0645 \u0628\u0627\u0644\u0635\u064a\u0646\u2026 \u0644\u0643\u0646 \u0628\u0648\u0635\u0644\u0629 \u0628\u0643\u064a\u0646 \u0647\u064a \u0627\u0644\u0645\u062d\u0631\u0643: \u062c\u0645\u0639 25.7 \u0645\u0644\u064a\u0627\u0631 \u064a\u0648\u0627\u0646 \u0628\u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u0623\u0648\u0644 2026\u060c \u0648\u062a\u0645\u0648\u064a\u0644 \u0645\u0648\u062c\u0647 \u0644\u0644\u0631\u0642\u0627\u0626\u0642 \u0648\u0627\u0644\u0630\u0643\u0627\u0621 \u0627\u0644\u0627\u0635\u0637\u0646\u0627\u0639\u064a\u060c \u0645\u0639 \u062a\u062f\u0642\u064a\u0642 \u062a\u0646\u0638\u064a\u0645\u064a \u0648\u0627\u0646\u062a\u0642\u0627\u0626\u064a\u0629 \u0635\u0627\u0631\u0645\u0629.<\/p>\n","protected":false},"author":87,"featured_media":44463,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49],"tags":[],"class_list":["post-44464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/posts\/44464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/comments?post=44464"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/posts\/44464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/media\/44463"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/media?parent=44464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/categories?post=44464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/ar-mena\/wp-json\/wp\/v2\/tags?post=44464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}