{"id":38770,"date":"2026-07-08T11:56:28","date_gmt":"2026-07-08T10:56:28","guid":{"rendered":"https:\/\/smart.stream\/%e6%ac%a7%e6%b4%b2%e8%a1%8d%e7%94%9f%e5%93%81%e5%b8%82%e5%9c%ba%e5%b7%b2%e5%85%b7%e5%a4%87%e5%90%84%e9%a1%b9%e8%a6%81%e7%b4%a0%e3%80%82%e7%8e%b0%e5%9c%a8%ef%bc%8c%e5%ae%83%e4%bb%ac%e9%9c%80%e8%a6%81\/"},"modified":"2026-07-08T11:56:28","modified_gmt":"2026-07-08T10:56:28","slug":"european-derivatives-markets-have-the-pieces-now-they-need-the-foundation","status":"publish","type":"post","link":"https:\/\/smart.stream\/zh-hans\/european-derivatives-markets-have-the-pieces-now-they-need-the-foundation\/","title":{"rendered":"\u6b27\u6d32\u884d\u751f\u54c1\u5e02\u573a\u5df2\u5177\u5907\u5404\u9879\u8981\u7d20\u3002\u73b0\u5728\uff0c\u5b83\u4eec\u9700\u8981\u7684\u662f\u57fa\u7840\u3002"},"content":{"rendered":"<div class=\"right\">\n<p>\u4f5c\u8005\uff1aThejaswi Gopal\uff0cSmartstream \u5ba2\u6237\u53c2\u4e0e\u3001\u4ea4\u4ed8\u4e0e\u6cbb\u7406\uff08Smart Fees\uff09\u526f\u603b\u88c1<\/p>\n<p>6 \u6708 16 \u65e5\uff0c\u5728 FIA IDX 2026 \u4e0a\uff0c\u4e00\u7ec4\u4ea4\u6613\u6240\u9886\u5bfc\u8005\u9f50\u805a\u4e00\u5802\uff0c\u5171\u540c\u63a2\u8ba8\u6b27\u6d32\u91d1\u878d\u5e02\u573a\u591a\u5e74\u6765\u4e00\u76f4\u56f4\u7ed5\u7684\u4e00\u4e2a\u95ee\u9898\uff1a\u968f\u7740\u884d\u751f\u54c1\u5e02\u573a\u56e0\u6574\u5408\u3001\u4eba\u5de5\u667a\u80fd\u548c\u7ed3\u6784\u6027\u53d8\u9769\u800c\u91cd\u5851\uff0c\u6b27\u6d32\u5982\u4f55\u4fdd\u6301\u7ade\u4e89\u529b\uff1f<\/p>\n<p>\u4e13\u5bb6\u5c0f\u7ec4\u7684\u8868\u73b0\u975e\u5e38\u51fa\u8272\u3002Kay Swinburne \u7537\u7235\u592b\u4eba\u4ee5\u6743\u5a01\u7684\u59ff\u6001\u4e3b\u6301\u4e86\u4f1a\u8bae\uff0c\u6765\u81ea Eurex\u3001Euronext London\u3001LCH SA\u3001ICE Futures Europe \u548c\u6cd5\u56fd\u5df4\u9ece\u94f6\u884c\uff08BNP Paribas\uff09\u7684\u9886\u5bfc\u8005\u4eec\u5728\u539f\u672c\u53ef\u80fd\u6d41\u4e8e\u5916\u4ea4\u8f9e\u4ee4\u7684\u5bf9\u8bdd\u4e2d\u5c55\u73b0\u4e86\u771f\u8bda\u7684\u5766\u7387\u3002\u4f46\u4f5c\u4e3a\u4e00\u540d\u65e5\u5e38\u5904\u7406\u6b27\u6d32\u884d\u751f\u54c1\u80cc\u540e\u8fd0\u8425\u57fa\u7840\u8bbe\u65bd\u7684\u5de5\u4f5c\u4eba\u5458\uff0c\u5750\u5728\u4f1a\u573a\u4e2d\uff0c\u6211\u4e0d\u65ad\u6ce8\u610f\u5230\u4e00\u6761\u8d2f\u7a7f\u4ed6\u4eec\u51e0\u4e4e\u6240\u6709\u53d1\u8a00\u4e14\u59cb\u7ec8\u9690\u85cf\u5728\u8868\u8c61\u4e4b\u4e0b\u7684\u4e3b\u7ebf\uff1a\u6570\u636e\u57fa\u7840\u8bbe\u65bd\u3002\u5728\u8fd9\u4e00\u95ee\u9898\u5f97\u5230\u89e3\u51b3\u4e4b\u524d\uff0c\u8bae\u7a0b\u7684\u5176\u4ed6\u90e8\u5206\u90fd\u5c06\u505c\u6ede\u4e0d\u524d\u3002   <\/p>\n<\/div>\n<h4>\u788e\u7247\u5316\u5b58\u5728\u4e00\u4e2a\u9c9c\u4e3a\u4eba\u77e5\u7684\u8fd0\u8425\u5c42<\/h4>\n<div class=\"right\">\n<p>\u4e13\u5bb6\u5c0f\u7ec4\u5bf9\u788e\u7247\u5316\u7684\u754c\u5b9a\u662f\u6b63\u786e\u7684\u3002\u6b27\u6d32\u7684\u884d\u751f\u54c1\u4ea4\u6613\u6240\u5728 27 \u4e2a\u53f8\u6cd5\u7ba1\u8f96\u533a\u7684\u4e0d\u540c\u89c4\u5219\u4e0b\u8fd0\u884c\u3002\u5728\u591a\u4e2a\u573a\u6240\u4e0a\u5e02\u7684\u5de5\u5177\u4e0d\u53ef\u4e92\u6362\u3002\u8d27\u5e01\u9519\u914d\u589e\u52a0\u4e86\u6210\u672c\u3002\u7f8e\u56fd\u8d44\u672c\u5e02\u573a\u7684\u6d41\u52a8\u6027\u5927\u7ea6\u662f\u6b27\u6d32\u7684\u56db\u500d\uff0c\u90e8\u5206\u539f\u56e0\u662f\u7f8e\u56fd\u5c45\u6c11\u5c06\u5176\u8d22\u5bcc\u4e2d\u66f4\u9ad8\u6bd4\u4f8b\u7684\u90e8\u5206\u6301\u6709\u4e3a\u91d1\u878d\u8bc1\u5238\u3002    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   <\/p>\n<p>\u8fd9\u5e76\u975e\u5c0f\u4e8b\u3002\u5b83\u662f\u4e00\u4e2a\u6210\u672c\u4e58\u6570\uff0c\u4f1a\u51cf\u7f13\u968f\u540e\u7684\u6bcf\u4e00\u9879\u4e3e\u63aa\uff0c\u5305\u62ec\u4eba\u5de5\u667a\u80fd\u7684\u91c7\u7528\u3002\u5f53 CME \u548c CBOT \u5408\u5e76\u65f6\uff0c\u5ba2\u6237\u901a\u8fc7\u6d88\u9664\u91cd\u590d\u7684\u8ba2\u5355\u8def\u7531\u548c\u6570\u636e\u8fde\u63a5\u8282\u7701\u4e86\u5927\u91cf\u8d44\u91d1\u3002\u8fd9\u79cd\u6536\u76ca\u5e76\u975e\u6765\u81ea\u66f4\u4f4e\u7684\u8d39\u7528\uff0c\u800c\u662f\u6765\u81ea\u7edf\u4e00\u7684\u6570\u636e\u57fa\u7840\u8bbe\u65bd\u3002\u6b27\u6d32\u6b63\u5728\u8ffd\u6c42\u76d1\u7ba1\u534f\u8c03\uff0c\u4f46\u5c1a\u672a\u5bf9\u6570\u636e\u6807\u51c6\u5316\u505a\u51fa\u540c\u6837\u7684\u627f\u8bfa\uff0c\u800c\u8fd9\u4e24\u8005\u9700\u8981\u540c\u6b65\u63a8\u8fdb\u3002    <\/p>\n<\/div>\n<h4>\u57fa\u4e8e\u539f\u5219\u7684\u76d1\u7ba1\u53ef\u51cf\u5c11\u5408\u89c4\u5f00\u9500<\/h4>\n<div class=\"right\">\n<p>\u4e13\u5bb6\u5c0f\u7ec4\u63d0\u51fa\u4e86\u4e00\u4e2a\u503c\u5f97\u5f3a\u8c03\u7684\u89c2\u70b9\uff1a\u7f8e\u56fd\u5e76\u975e\u901a\u8fc7\u66f4\u5bbd\u677e\u7684\u76d1\u7ba1\u6765\u4e3b\u5bfc\u884d\u751f\u54c1\u5e02\u573a\uff0c\u800c\u662f\u901a\u8fc7\u6574\u5408\u3002\u5728\u4e00\u4e2a\u5e02\u573a\u4e2d\u7edf\u4e00\u5b9e\u65bd\u7684\u590d\u6742\u76d1\u7ba1\uff0c\u5176\u6784\u5efa\u6210\u672c\u8981\u4f4e\u4e8e\u540c\u4e00\u89c4\u5219\u7684 27 \u79cd\u53d8\u4f53\u3002  <\/p>\n<p>\u8ba9\u6211\u5370\u8c61\u6df1\u523b\u7684\u4f8b\u5b50\u662f\u80fd\u6e90\u5e02\u573a\u76d1\u7ba1\u3002\u6b27\u6d32\u76d1\u7ba1\u673a\u6784\u5bf9 ICE TTF \u5929\u7136\u6c14\u57fa\u51c6\u91c7\u7528\u4e86\u57fa\u4e8e\u539f\u5219\u7684\u65b9\u6cd5\uff0c\u907f\u514d\u4e86\u53ef\u80fd\u635f\u5bb3\u5e02\u573a\u529f\u80fd\u7684\u6307\u4ee4\u6027\u5e72\u9884\u3002\u8fd9\u624d\u662f\u6709\u6548\u7684\u65b9\u5411\u3002\u4e0d\u662f\u51cf\u5c11\u89c4\u5219\uff0c\u800c\u662f\u5236\u5b9a\u66f4\u6e05\u6670\u7684\u89c4\u5219\uff0c\u8ba9\u4f01\u4e1a\u80fd\u591f\u627e\u5230\u81ea\u5df1\u7684\u5408\u89c4\u8def\u5f84\uff0c\u800c\u4e0d\u662f\u56f4\u7ed5\u7279\u5b9a\u7684\u56fd\u5bb6\u89e3\u91ca\u8fdb\u884c\u6784\u5efa\u3002   <\/p>\n<p>\u4ece\u8fd0\u8425\u89d2\u5ea6\u6765\u770b\uff0c\u76d1\u7ba1\u900f\u660e\u5ea6\u6bd4\u76d1\u7ba1\u6570\u91cf\u66f4\u5177\u6210\u672c\u6548\u76ca\u3002\u8de8\u53f8\u6cd5\u7ba1\u8f96\u533a\u7684\u5355\u4e00\u3001\u660e\u786e\u7684\u8981\u6c42\u53ef\u4ee5\u51cf\u5c11\u76ee\u524d\u6bcf\u5bb6\u5f00\u5c55\u8de8\u5883\u884d\u751f\u54c1\u4e1a\u52a1\u7684\u6b27\u6d32\u94f6\u884c\u6240\u627f\u62c5\u7684\u5408\u89c4\u5f00\u9500\uff0c\u5e76\u76f4\u63a5\u589e\u52a0\u4ea4\u6613\u540e\u8fd0\u8425\u6210\u672c\u3002 <\/p>\n<\/div>\n<h4>\u771f\u6b63\u7684 AI \u524d\u63d0\u6761\u4ef6\u6b63\u88ab\u5ffd\u89c6<\/h4>\n<div class=\"right\">\n<p>\u4e13\u5bb6\u5c0f\u7ec4\u5173\u4e8e\u4eba\u5de5\u667a\u80fd\u7684\u8ba8\u8bba\u975e\u5e38\u7280\u5229\u3002\u5173\u4e8e\u201c\u5224\u65ad\u529b\u800c\u975e\u6570\u636e\u624d\u662f\u73b0\u5728\u7684\u7a00\u7f3a\u8d44\u6e90\u201d\u7684\u89c2\u5bdf\u5b8c\u5168\u6b63\u786e\u3002\u90a3\u4e9b\u4ece\u4eba\u5de5\u667a\u80fd\u4e2d\u83b7\u5f97\u771f\u6b63\u4ef7\u503c\u7684\u4f01\u4e1a\uff0c\u662f\u90a3\u4e9b\u5229\u7528\u5b83\u65e9\u671f\u68c0\u6d4b\u5fae\u5f31\u4fe1\u53f7\u7684\u4f01\u4e1a\uff1a\u8fd0\u8425\u6469\u64e6\u7684\u7d2f\u79ef\u3001\u6d41\u52a8\u6027\u7684\u8f6c\u79fb\u3001\u76f8\u5173\u6027\u7684\u53d8\u5316\uff0c\u800c\u8fd9\u4e9b\u53d8\u5316\u5982\u679c\u7531\u4eba\u7c7b\u6765\u5bdf\u89c9\u5219\u8017\u65f6\u592a\u957f\u3002  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<\/p>\n<p>\u4e13\u5bb6\u5c0f\u7ec4\u8fd8\u7b80\u8981\u63d0\u5230\u4e86\u6b63\u5728\u53d1\u751f\u7684\u6210\u672c\u63a7\u5236\u8f6c\u53d8\uff1a\u4e8b\u5b9e\u8bc1\u660e\uff0c\u672c\u5730\u90e8\u7f72\u7684\u4eba\u5de5\u667a\u80fd\u6bd4\u5927\u89c4\u6a21\u57fa\u4e8e\u4e91\u7684 Token \u6d88\u8017\u8981\u4fbf\u5b9c\u5f97\u591a\u3002\u5728 2025 \u5e74\u884c\u52a8\u8fc5\u901f\u7684\u4f01\u4e1a\u73b0\u5728\u6b63\u8f6c\u5411\u9488\u5bf9\u7279\u5b9a use case \u7684\u4e13\u7528\u6a21\u578b\uff0c\u56e0\u4e3a\u5927\u89c4\u6a21\u901a\u7528\u4e91\u7aef\u4eba\u5de5\u667a\u80fd\u7684\u7ecf\u6d4e\u6548\u76ca\u5e76\u4e0d\u7406\u60f3\u3002\u90a3\u4e9b\u80fd\u4ece\u884d\u751f\u54c1\u4e1a\u52a1\u4e2d\u83b7\u5f97\u771f\u6b63\u4ef7\u503c\u7684\u4f01\u4e1a\uff0c\u662f\u90a3\u4e9b\u5c06\u6570\u636e\u8d28\u91cf\u89c6\u4e3a\u524d\u63d0\u800c\u975e\u4e8b\u540e\u8865\u6551\u7684\u4f01\u4e1a\u3002  <\/p>\n<\/div>\n<h4>\u62b5\u62bc\u54c1\u6548\u7387\u662f\u672a\u88ab\u5145\u5206\u5229\u7528\u7684\u8d44\u672c\u6760\u6746<\/h4>\n<div class=\"right\">\n<p>\u4e13\u5bb6\u5c0f\u7ec4\u63d0\u51fa\u7684\u4e00\u4e2a\u66f4\u5177\u5b9e\u9645\u610f\u4e49\u7684\u89c2\u5bdf\u6d89\u53ca\u8d44\u672c\u7ea6\u675f\u3002\u7f8e\u56fd\u94f6\u884c\u6b63\u5411\u6b27\u6d32\u56fa\u5b9a\u6536\u76ca\u5e02\u573a\u6295\u5165\u5927\u91cf\u8d44\u672c\u3002\u6b27\u6d32\u53c2\u4e0e\u8005\u7684\u673a\u4f1a\u4e0d\u5728\u4e8e\u5bfb\u627e\u66f4\u591a\u8d44\u672c\uff0c\u800c\u5728\u4e8e\u901a\u8fc7\u66f4\u597d\u7684\u62b5\u62bc\u54c1\u6d41\u52a8\u6027\u548c\u4fdd\u8bc1\u91d1\u4f18\u5316\u6765\u7f13\u89e3\u8d44\u4ea7\u8d1f\u503a\u8868\u538b\u529b\u3002  <\/p>\n<p>\u5b9e\u65f6\u62b5\u62bc\u54c1\u52a8\u5458\u3001\u8de8 CCP 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class=\"right\">\n<p>\u4e13\u5bb6\u5c0f\u7ec4\u6db5\u76d6\u7684\u6bcf\u4e2a\u8bdd\u9898\u90fd\u8d2f\u7a7f\u7740\u4e00\u6761\u4e3b\u7ebf\uff1a\u62e5\u6709\u5e72\u51c0\u3001\u6807\u51c6\u5316\u4e14\u6cbb\u7406\u826f\u597d\u7684\u6570\u636e\u7684\u4f01\u4e1a\uff0c\u5728\u6240\u6709\u65b9\u9762\u90fd\u4f1a\u8fdb\u5c55\u5f97\u66f4\u5feb\uff1a\u4eba\u5de5\u667a\u80fd\u7684\u91c7\u7528\u3001\u62b5\u62bc\u54c1\u4f18\u5316\u3001\u5ef6\u957f\u4ea4\u6613\u65f6\u95f4\u3001\u65b0\u4ea7\u54c1\u652f\u6301\u3002\u800c\u4ecd\u5728\u8de8\u573a\u6240\u7ba1\u7406\u788e\u7247\u5316\u6570\u636e\u7684\u4f01\u4e1a\u5c06\u7ee7\u7eed\u652f\u4ed8\u201c\u8fd0\u8425\u7a0e\u201d\u3002 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\u7684\u8d39\u7528\u7ba1\u7406\u89e3\u51b3\u65b9\u6848\uff0c\u65e8\u5728\u81ea\u52a8\u6267\u884c\u590d\u6742\u591a\u573a\u6240\u4e1a\u52a1\u4e2d\u7684\u4ea4\u6613\u6240\u3001\u7ecf\u7eaa\u5546\u548c\u4ea4\u6613\u5bf9\u624b\u8d39\u7528\u7684\u6838\u5bf9\u4e0e\u7ba1\u7406\u3002\u5b83\u4e3a\u4f01\u4e1a\u63d0\u4f9b\u4e86\u53ef\u89c1\u6027\u548c\u63a7\u5236\u529b\uff0c\u4ee5\u6355\u6349\u8ba1\u8d39\u9519\u8bef\u3001\u51cf\u5c11\u624b\u52a8\u5f00\u9500\uff0c\u5e76\u5728\u6b27\u6d32\u884d\u751f\u54c1\u5e02\u573a\u8d39\u7528\u7ed3\u6784\u4e0d\u65ad\u53d8\u5316\u7684\u8fc7\u7a0b\u4e2d\u4fdd\u6301\u540c\u6b65\u3002 <\/p>\n<p>\u6211\u4eec\u4e0e\u5168\u7403\u524d 100 \u5f3a\u94f6\u884c\u4e2d\u7684 70 \u5bb6\u5408\u4f5c\u3002\u6a21\u5f0f\u662f\u4e00\u81f4\u7684\uff1a\u5728\u521b\u65b0\u65b9\u9762\u8fdb\u5c55\u6700\u5feb\u7684\u4e1a\u52a1\uff0c\u662f\u90a3\u4e9b\u5df2\u7ecf\u89e3\u51b3\u4e86\u5e95\u5c42\u6570\u636e\u89c4\u8303\u95ee\u9898\u7684\u4e1a\u52a1\u3002 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[&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":38771,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[1],"tags":[],"global_tag":[904,818,374,75,905,270],"class_list":["post-38770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","global_tag-07-july-2026","global_tag-818","global_tag-blogs","global_tag-smart-fees","global_tag-thejaswi-gopal","global_tag-tlm-fees-and-expense-management"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Smartstream \u7684 Smart Fees \u526f\u603b\u88c1\u63a2\u8ba8\u4e86 FIA IDX 2026 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On-premises AI is also proving significantly cheaper than cloud-based token consumption at scale, making data discipline a financial as well as operational priority.\" } }, { \"@type\": \"Question\", \"name\": \"How does principle-based regulation reduce post-trade operating costs?\", \"acceptedAnswer\": { \"@type\": \"Answer\", \"text\": \"A single, consistently applied regulatory requirement is cheaper to build for than 27 national variations of the same rule. Principle-based regulation, as applied to the ICE TTF gas benchmark, reduces the compliance overhead that currently sits inside every European bank running cross-border derivatives operations.\" } }, { \"@type\": \"Question\", \"name\": \"How can European firms reduce capital consumption through collateral management?\", \"acceptedAnswer\": { \"@type\": \"Answer\", \"text\": \"Real-time collateral mobilisation, cross-CCP netting, and haircut optimisation reduce balance sheet pressure without waiting for regulatory relief. 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Now They Need the Foundation.","description":"Smartstream VP Thejaswi Gopal argues that data infrastructure fragmentation limits AI adoption, collateral efficiency, and fee management in European derivatives, drawing on FIA IDX 2026 insights.","image":"https:\/\/smart.stream\/wp-content\/uploads\/2026\/07\/2026-07-08-blog-smart-fees.png","keywords":"","author":{"name":"#author_name","url":"#author_url"},"dates":{"include":true,"datePublished":"","dateModified":""}}},"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"BlogPosting","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"seo_analyzer_scan_date":"2026-07-08 10:56:38","breadcrumb_settings":null,"limit_modified_date":false,"open_ai":null,"ai":{"faqs":[],"keyPoints":[],"schemas":[],"titles":[],"descriptions":[],"socialPosts":{"email":{"subject":"","preview":"","content":""},"linkedin":[],"twitter":[],"facebook":[],"instagram":[]}},"created":"2026-07-08 10:59:59","updated":"2026-07-08 11:00:00"},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/smart.stream\/zh-hans\/\" title=\"Home\">Home<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">|<\/span><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/smart.stream\/category\/uncategorised\/\" title=\"Uncategorised\">Uncategorised<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">|<\/span><span class=\"aioseo-breadcrumb\">\n\t\u6b27\u6d32\u884d\u751f\u54c1\u5e02\u573a\u5df2\u5177\u5907\u5404\u9879\u8981\u7d20\u3002\u73b0\u5728\uff0c\u5b83\u4eec\u9700\u8981\u7684\u662f\u57fa\u7840\u3002\n<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/smart.stream\/zh-hans\/"},{"label":"Uncategorised","link":"https:\/\/smart.stream\/category\/uncategorised\/"},{"label":"\u6b27\u6d32\u884d\u751f\u54c1\u5e02\u573a\u5df2\u5177\u5907\u5404\u9879\u8981\u7d20\u3002\u73b0\u5728\uff0c\u5b83\u4eec\u9700\u8981\u7684\u662f\u57fa\u7840\u3002","link":"https:\/\/smart.stream\/zh-hans\/european-derivatives-markets-have-the-pieces-now-they-need-the-foundation\/"}],"_links":{"self":[{"href":"https:\/\/smart.stream\/zh-hans\/wp-json\/wp\/v2\/posts\/38770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.stream\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.stream\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.stream\/zh-hans\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.stream\/zh-hans\/wp-json\/wp\/v2\/comments?post=38770"}],"version-history":[{"count":0,"href":"https:\/\/smart.stream\/zh-hans\/wp-json\/wp\/v2\/posts\/38770\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smart.stream\/zh-hans\/wp-json\/wp\/v2\/media\/38771"}],"wp:attachment":[{"href":"https:\/\/smart.stream\/zh-hans\/wp-json\/wp\/v2\/media?parent=38770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.stream\/zh-hans\/wp-json\/wp\/v2\/categories?post=38770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.stream\/zh-hans\/wp-json\/wp\/v2\/tags?post=38770"},{"taxonomy":"global_tag","embeddable":true,"href":"https:\/\/smart.stream\/zh-hans\/wp-json\/wp\/v2\/global_tag?post=38770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}