{"id":36749,"date":"2025-09-09T10:33:16","date_gmt":"2025-09-09T02:33:16","guid":{"rendered":"https:\/\/www.aprea.asia\/?p=36749"},"modified":"2025-09-09T11:06:06","modified_gmt":"2025-09-09T03:06:06","slug":"new-friction-index-reveals-how-operational-barriers-are-reshaping-asia-pacifics-131b-real-asset-boom","status":"publish","type":"post","link":"https:\/\/www.aprea.asia\/zh_hk\/new-friction-index-reveals-how-operational-barriers-are-reshaping-asia-pacifics-131b-real-asset-boom\/","title":{"rendered":"\u65b0\u7684\u6469\u64e6\u6307\u6578\u63ed\u793a\u4e86\u71df\u904b\u58c1\u58d8\u5982\u4f55\u91cd\u5851\u4e9e\u592a\u5730\u5340$131B\u7684\u5be6\u9ad4\u8cc7\u7522\u7e41\u69ae"},"content":{"rendered":"<p>\u8a72\u6307\u6578\u8ffd\u8e64\u5e02\u5834\u4e2d\u7684\u300c\u6469\u64e6\u300d\u4f86\u6e90\uff0c\u91cd\u9ede\u95dc\u6ce8\u7522\u696d\u8b8a\u5316\u548c\u65b0\u8208\u7684\u6295\u8cc7\u8005\u7b56\u7565\u3002.<\/p>\n\n\n\n<p><strong>\u65b0\u52a0\u5761\uff0c2025\u5e749\u67089\u65e5 <\/strong>\u5168\u7403\u9818\u5148\u7684\u57fa\u91d1\u670d\u52d9\u63d0\u4f9b\u8005Vistra\u8207\u4e9e\u592a\u623f\u5730\u7522\u5354\u6703\uff08APREA\uff09\u4eca\u65e5\u5171\u540c\u767c\u5e03\u4e86\u5176\u9996\u4efd\u8abf\u67e5\u5831\u544a\u3002&nbsp;<strong>Vistar\u57fa\u91d1\u89e3\u6c7a\u65b9\u6848\u6469\u64e6\u6307\u65782025<\/strong>, \u9019\u662f\u4e00\u672c\u95dc\u65bc\u4e9e\u592a\u5730\u5340\uff08APAC\uff09\u5be6\u9ad4\u8cc7\u7522\u6295\u8cc7\u6a5f\u6703\u548c\u71df\u904b\u969c\u7919\u7684\u7d9c\u5408\u6027\u767d\u76ae\u66f8\u3002.<\/p>\n\n\n\n<p>\u8a72\u5831\u544a\u532f\u96c6\u4e86\u4f86\u81ea 10 \u591a\u500b\u6838\u5fc3\u5e02\u5834 100 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class=\"wp-block-list\">\n<li><strong>\u76e3\u7ba1\u969c\u7919\uff1a<\/strong>&nbsp;\u6295\u8cc7\u8005\uff08\u5176\u4e2d 62% \u5728\u591a\u500b\u5e02\u5834\u958b\u5c55\u696d\u52d9\uff09\u9762\u81e8\u7684\u6700\u5927\u632b\u6298\u662f\u61c9\u5c0d\u8907\u96dc\u4e14\u4e0d\u660e\u78ba\u7684\u76e3\u7ba1\u3001\u653f\u6cbb\u98a8\u96aa\u3001\u7f3a\u4e4f\u900f\u660e\u5ea6\u548c\u4ea4\u6613\u4f86\u6e90\u56f0\u96e3\u3002.&nbsp;<\/li>\n\n\n\n<li><strong>\u6578\u64da\u900f\u660e\u5ea6\uff1a<\/strong>&nbsp;49% \u7684\u6295\u8cc7\u4eba\u8a8d\u70ba\uff0c\u53d6\u5f97\u4e9e\u592a\u5730\u5340\u6295\u8cc7\u7d44\u5408\u7684\u53ef\u9760\u5373\u6642\u7e3e\u6548\u6578\u64da\u300c\u56f0\u96e3\u300d\u6216\u300c\u975e\u5e38\u56f0\u96e3\u300d\u3002\u201c<\/li>\n\n\n\n<li><strong>\u5916\u5305\u9700\u6c42\uff1a<\/strong>&nbsp;62% \u7684\u6295\u8cc7\u8005\u5e0c\u671b\u5c07\u76e3\u7ba1\u5831\u544a\u5916\u5305\uff0c59% \u7684\u6295\u8cc7\u8005\u5c0b\u6c42 SPV \u7ba1\u7406\u65b9\u9762\u7684\u5e6b\u52a9\uff0c\u9019\u8868\u660e\u666e\u904d\u5b58\u5728\u4e0d\u6eff\u3002.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>\u300c\u907f\u96aa\u5929\u5802\u300d\u5e02\u5834\u51fa\u73fe\u610f\u60f3\u4e0d\u5230\u7684\u6469\u64e6<\/strong><\/p>\n\n\n\n<p>\u8a72\u6307\u6578\u6311\u6230\u4e86\u4eba\u5011\u7684\u523b\u677f\u5370\u8c61\uff0c\u63ed\u793a\u4e86\u5df2\u958b\u767c\u5e02\u5834\uff08\u901a\u5e38\u88ab\u8a8d\u70ba\u662f\u4f4e\u98a8\u96aa\u5e02\u5834\uff09\u4e2d\u5b58\u5728\u7684\u91cd\u5927\u71df\u904b\u6469\u64e6\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u65b0\u52a0\u5761\uff1a<\/strong>&nbsp;\u96d6\u7136\u6709 88% \u5bb6\u516c\u53f8\u56e0\u70ba\u90a3\u88e1\u7684\u7a69\u5b9a\u6027\u800c\u9078\u64c7\u5728\u90a3\u88e1\u904b\u71df\uff0c\u4f46\u6709 21% \u5bb6\u516c\u53f8\u8868\u793a\u57fa\u91d1\u7ba1\u7406\u65b9\u9762\u4eba\u624d\u77ed\u7f3a\u3002.<\/li>\n\n\n\n<li><strong>\u6fb3\u6d32\uff1a<\/strong>&nbsp;\u8207\u5b83\u300c\u5bb9\u6613\u300d\u7684\u540d\u8072\u76f8\u53cd\uff0c37% \u7684\u6295\u8cc7\u8005\u6307\u51fa\u5176\u7a05\u6536\u5236\u5ea6\u662f\u9032\u5165\u8a72\u9818\u57df\u7684\u4e00\u5927\u969c\u7919\u3002.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>\u5316\u89e3\u6096\u8ad6\uff1a\u4eba\u5de5\u667a\u6167\u3001ESG\u8207\u5728\u5730\u5c08\u696d\u77e5\u8b58<\/strong><\/p>\n\n\n\n<p>\u6295\u8cc7\u8005\u6b63\u5728\u900f\u904e\u5229\u7528\u65b0\u7684\u5de5\u5177\u548c\u7b56\u7565\u4f86\u9069\u61c9\u8b8a\u5316\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4eba\u5de5\u667a\u6167\u4f5c\u70ba\u8ce6\u80fd\u5de5\u5177\uff1a<\/strong>&nbsp;65% \u7684\u6295\u8cc7\u8005\u8a8d\u70ba\u4eba\u5de5\u667a\u6167\u5c0d\u514b\u670d\u4ea4\u6613\u64ae\u5408\u548c\u5e02\u5834\u60c5\u5831\u7684\u6469\u64e6\u6709\u6700\u5927\u7684\u5f71\u97ff\u3002.<\/li>\n\n\n\n<li><strong>ESG\u6574\u5408\uff1a<\/strong>&nbsp;65% \u5c07 ESG \u8996\u70ba\u201c\u91cd\u8981\u201d\u6216\u201c\u6975\u5176\u91cd\u8981\u201d\uff0c\u78ba\u8a8d\u4e86\u5176\u5c07\u5176\u4f5c\u70ba\u6838\u5fc3\u6295\u8cc7\u4efb\u52d9\u7684\u8209\u63aa\u3002.<\/li>\n\n\n\n<li><strong>\u7b56\u7565\u8f49\u8b8a\uff1a<\/strong>&nbsp;\u50b3\u7d71\u7684\u57fa\u91d1\u6a21\u5f0f\u6b63\u5728\u74e6\u89e3\u3002\u6295\u8cc7\u8005\u8d8a\u4f86\u8d8a\u591a\u5730\u5c0b\u6c42\u76f4\u63a5\u6536\u8cfc\u3001\u5408\u8cc7\u4ee5\u53ca\u6295\u8cc7\u5be6\u9ad4\u8cc7\u7522\u71df\u904b\u516c\u53f8\uff0c\u4ee5\u7372\u5f97\u63a7\u5236\u6b0a\u4e26\u964d\u4f4e\u71df\u904b\u98a8\u96aa\u3002.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>\u4e9e\u592a\u6295\u8cc7\u65b0\u6846\u67b6<\/strong><\/p>\n\n\n\n<p>\u8a72\u6307\u6578\u7684\u4e00\u500b\u7368\u7279\u8f38\u51fa\u662f\u300c\u6a5f\u6703-\u6469\u64e6\u300d\u8c61\u9650\uff0c\u5b83\u4e26\u975e\u6309\u7167\u50b3\u7d71\u7684\u5df2\u958b\u767c\u5e02\u5834\/\u65b0\u8208\u5e02\u5834\u5283\u5206\uff0c\u800c\u662f\u6839\u64da\u5e02\u5834\u6f5b\u529b\u8207\u71df\u904b\u8907\u96dc\u6027\u9032\u884c\u5206\u985e\uff08\u4f8b\u5982\uff0c\u9999\u6e2f=\u9ad8\u6a5f\u6703\u3001\u4f4e\u6469\u64e6\uff1b\u5370\u5ea6=\u9ad8\u6a5f\u6703\u3001\u9ad8\u6469\u64e6\uff09\u3002\u9019\u70ba\u6295\u8cc7\u8005\u6839\u64da\u5176\u98a8\u96aa\u627f\u53d7\u80fd\u529b\u548c\u71df\u904b\u80fd\u529b\u9032\u884c\u8cc7\u672c\u914d\u7f6e\u63d0\u4f9b\u4e86\u7d30\u7dfb\u7684\u6307\u5c0e\u3002.<\/p>\n\n\n\n<p>\u201c\u5118\u7ba1\u6295\u8cc7\u898f\u6a21\u5275\u4e0b\u6b77\u53f2\u65b0\u9ad8\uff0c\u4f46\u6211\u5011\u7684\u6307\u6578\u986f\u793a\uff0c\u71df\u904b\u6469\u64e6\u6b63\u5728\u63a8\u52d5\u884c\u696d\u8f49\u578b\u548c\u6295\u8cc7\u8005\u65b0\u7b56\u7565\u7684\u51fa\u73fe\uff0c\u201d <strong>Abdel Hmitti\uff0cVistra Fund Solutions\u7e3d\u88c1<\/strong>. \u300c\u6210\u529f\u4e0d\u518d\u50c5\u50c5\u5728\u65bc\u9078\u5c0d\u8cc7\u7522\uff1b\u66f4\u5728\u65bc\u64c1\u6709\u99d5\u99ad\u96a8\u4e4b\u800c\u4f86\u7684\u8907\u96dc\u904b\u71df\u74b0\u5883\u7684\u5c08\u696d\u77e5\u8b58\u3002\u5c0d\u65bc\u64c1\u6709\u6b63\u78ba\u6d1e\u5bdf\u529b\u548c\u5408\u4f5c\u5925\u4f34\uff08\u5305\u62ec\u672c\u5730\u5c08\u696d\u77e5\u8b58\u3001\u6280\u8853\u548c\u9748\u6d3b\u7684\u57fa\u91d1\u7d50\u69cb\uff09\u7684\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u904b\u71df\u6469\u64e6\u53ef\u4ee5\u8f49\u5316\u70ba\u7af6\u722d\u512a\u52e2\u3002\u589e\u9577\u6f5b\u529b\u5de8\u5927\u3002\u201c<\/p>\n\n\n\n<p><strong>Sigrid Zialcita\uff0cAPREA \u9996\u5e2d\u57f7\u884c\u5b98<\/strong>, 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\u5b8c\u6574\u7248&nbsp;<em>Vistra Fund Solutions 2025\u5e74\u6469\u64e6\u6307\u6578\uff1a\u4e9e\u592a\u5730\u5340\u5be6\u9ad4\u8cc7\u7522\u7684\u6295\u8cc7\u6a5f\u6703\u8207\u6311\u6230<\/em>&nbsp;\u767d\u76ae\u66f8\u53ef\u4f9b\u4e0b\u8f09 <a href=\"https:\/\/www.vistra.com\/funds\/vistra-fund-solutions-friction-index-2025\">\u9019\u88e1<\/a>.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>\u5982\u9700\u4e86\u89e3\u66f4\u591a\u4fe1\u606f\uff0c\u8acb\u806f\u7e6b\uff1a&nbsp;<\/p>\n\n\n\n<p><strong>\u827e\u8389\u91d1&nbsp;<\/strong><br><a href=\"mailto:media.enquiries@vistra.com\">media.enquiries@vistra.com<\/a><\/p>\n\n\n\n<p><strong>\u7f85\u5fb7\u91cc\u6208\u00b7\u5fb7\u62c9\u4f69\u7d0d<\/strong><strong><br><\/strong><a href=\"mailto:rodrigo.delapena@aprea.asia\">rodrigo.delapena@aprea.asia<\/a>&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>\u95dc\u65bcVistra&nbsp;<\/strong><\/p>\n\n\n\n<p>Vistra \u662f\u4e00\u5bb6\u9818\u5148\u7684\u5546\u696d\u670d\u52d9\u63d0\u4f9b\u5546\uff0c\u81f4\u529b\u65bc\u5e6b\u52a9\u516c\u53f8\u548c\u79c1\u52df\u80a1\u6b0a\u57fa\u91d1\u5728\u6574\u500b\u696d\u52d9\u548c\u6295\u8cc7\u751f\u547d\u9031\u671f\u4e2d\u5be6\u73fe\u6210\u9577\u3002.<\/p>\n\n\n\n<p>\u5728Vistra\uff0c, <strong>\u6211\u5011\u7684\u76ee\u6a19\u662f\u9032\u6b65<\/strong>. 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<a href=\"https:\/\/www.vistra.com\/\">vistra.com<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>\u95dc\u65bc APREA&nbsp;<\/strong><\/p>\n\n\n\n<p>2025\u5e74\u5c0d\u4e9e\u592a\u5be6\u9ad4\u8cc7\u7522\u5354\u6703\uff08APREA\uff09\u800c\u8a00\u610f\u7fa9\u975e\u51e1\uff0c\u56e0\u70ba\u6211\u5011\u8fce\u4f86\u4e86\u6210\u7acb20\u9031\u5e74\uff0c20\u5e74\u4f86\uff0c\u6211\u5011\u59cb\u7d42\u81f4\u529b\u65bc\u63a8\u52d5\u4e9e\u592a\u5730\u5340\u6a5f\u69cb\u5be6\u9ad4\u8cc7\u7522\u7522\u696d\u7684\u767c\u5c55\u3002\u904e\u53bb\u4e8c\u5341\u5e74\u4f86\uff0cAPREA\u5df2\u767c\u5c55\u6210\u70ba\u4e9e\u592a\u5730\u5340\u9996\u5c48\u4e00\u6307\u7684\u884c\u696d\u4ee3\u8868\u6a5f\u69cb\uff0c\u5176\u6d3b\u8e8d\u6703\u54e1\u6db5\u84cb\u5168\u7403\u6a5f\u69cb\u6295\u8cc7\u8005\u548c\u8cc7\u7522\u7ba1\u7406\u516c\u53f8\u3001\u958b\u767c\u5546\u3001\u623f\u5730\u7522\u6295\u8cc7\u4fe1\u8a17\u57fa\u91d1\uff08REITs\uff09\u3001\u9000\u4f11\u57fa\u91d1\u3001\u4fdd\u96aa\u516c\u53f8\u3001\u4e3b\u6b0a\u8ca1\u5bcc\u57fa\u91d1\u3001\u5bb6\u65cf\u8fa6\u516c\u5ba4\u5e73\u53f0\u4ee5\u53ca\u9867\u554f\u516c\u53f8\u3002\u6211\u5011\u5728\u4e9e\u592a\u5730\u5340\u8a2d\u6709\u4e03\u500b\u5206\u6703\uff0c\u6db5\u84cb\u65b0\u52a0\u5761\u3001\u4e2d\u570b\u3001\u5370\u5ea6\u3001\u65e5\u672c\u3001\u9999\u6e2f\u3001\u6fb3\u6d32\u53ca\u5176\u4ed6\u5e02\u5834\u3002\u6211\u5011\u7684\u6703\u54e1\u7ba1\u7406\u7684\u5be6\u9ad4\u8cc7\u7522\u7e3d\u984d\u8d85\u904e20\u5146\u7f8e\u5143\uff0c\u4e26\u5229\u7528APREA\u5e73\u53f0\uff0c\u5728\u4e9e\u592a\u5730\u5340\u4e43\u81f3\u5168\u7403\u7bc4\u570d\u5167\u63a8\u5ee3\u623f\u5730\u7522\u548c\u57fa\u790e\u8a2d\u65bd\uff0c\u4f7f\u5176\u6210\u70ba\u9996\u9078\u7684\u6295\u8cc7\u8cc7\u7522\u985e\u5225\u3002.<\/p>\n\n\n\n<p>\u5982\u9700\u4e86\u89e3\u66f4\u591a\u95dc\u65bcAPREA\u7684\u4fe1\u606f\uff0c\u8acb\u8a2a\u554f <a href=\"https:\/\/www.aprea.asia\/zh_hk\/\">aprea.asia<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The Index tracks sources of \u201cfriction\u201d across markets, highlighting sector shifts and emerging strategies for investors. Singapore, 9 September 2025 \u2013 Vistra, a leading global fund services provider, in partnership with the Asia Pacific Real Assets Association (APREA), today announced the findings of their inaugural&nbsp;Vistra Fund Solutions Friction Index 2025, a comprehensive white paper on <a href=\"https:\/\/www.aprea.asia\/zh_hk\/new-friction-index-reveals-how-operational-barriers-are-reshaping-asia-pacifics-131b-real-asset-boom\/\" class=\"more-link\">\u2026<span class=\"screen-reader-text\">  \u65b0\u7684\u6469\u64e6\u6307\u6578\u63ed\u793a\u4e86\u71df\u904b\u58c1\u58d8\u5982\u4f55\u91cd\u5851\u4e9e\u592a\u5730\u5340$131B\u7684\u5be6\u9ad4\u8cc7\u7522\u7e41\u69ae<\/span><\/a><\/p>","protected":false},"author":4380,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-36749","post","type-post","status-publish","format-standard","hentry","category-media-centre"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Friction Index reveals how operational barriers are reshaping Asia Pacific\u2019s $131B real asset boom - Asia Pacific Real Assets Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aprea.asia\/zh_hk\/new-friction-index-reveals-how-operational-barriers-are-reshaping-asia-pacifics-131b-real-asset-boom\/\" \/>\n<meta property=\"og:locale\" content=\"zh_HK\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Friction Index reveals how operational barriers are reshaping Asia Pacific\u2019s $131B real asset boom - Asia Pacific Real Assets Association\" \/>\n<meta property=\"og:description\" content=\"The Index tracks sources of \u201cfriction\u201d across markets, highlighting sector shifts and emerging strategies for investors. 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