APEC后的新博弈格局

APEC 7.21112011247.1457.270 20111290 Z0017101 1..........................................................................................1 1.1..............................................................................11.2..........................................................................21.2.1.............................................................................................21.2.2.............................................................................................31.2.3.............................................................................................3 2.................................................................................................4 2.1-..................................................................42.2.......................................................................42.2.1.....................................................................................42.2.2.....................................................................................52.2.3..................................................................................72.2.4..................................................................................82.3..................................................................................82.3.1...................................................................82.3.2...............................................................9 3........................................................................................10 3.1.................................................................103.2...................................................................................143.3..........................................................15 1.1.1..................................................................................................11.1.1202311131117.................................................................................................................................21.1.2.....................................................................22.1.1...............................................................................................42.2.1..........................................................42.2.2..............................................................42.2.3..........................................................52.2.4................................................................................62.2.5%..............................................................72.2.6.....................................................................72.2.7NDFUSDCNH.........................................................................82.2.8USDCNY25Delta%..........................82.3.1...............................................92.3.2.........................................................................92.3.3...............................................92.3.4.........................................................................93.3.12023.11.20-11.24............................151.................................172%..................................................................183...................................................194Shibor%............................................................................195SOFR%.............................................................................19 6%.................................................................................20 7....................................................................................20 1. 1.1 202311 131117CFETSBIS SDR1110 16:30 10CPICPI3.2%3.3%3.7%CPI0.1%0.4%CPI4%4.1%4.1%CPI0.2%0.3%0.3%CPI12FOMC1010 USDCNHUSDCNYBloomberg 1.2 1.2.1 10897.21112011247.1457.270 1.2.2 1.2.3 2. 2.1- 11177.172843 Refinitiv Bloomberg 2.2 2.2.1 2.2.2 10480.59101061.7%67.2%9910 2.2.3 2.2.4 1117NDF7.0575290USDCNY25Delta91 2.3 2.3.1 111723127.2041815457297 Bloomberg 2.3.2 111723127.225959323975 Bloomberg 3. 3.1 1.1073841058M210.3%1.5101.8591081.561.2810374.179.3% 2.101040 3.104.6%0.17.6%2.17.7%0.85%1-102.9%9.3%7.8% 1089 4.20 5.1070566721.1%4792679 6.202310115161205720231-101285761317402023101604168020231-101830718750 7.20231033737 3.2 3.3 APEC / 136310008400 8888 910www.nanhua.net603093