#US Stock Settlement

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US Market Advantages 2026-08-04

SEC宣布全面推行T+1结算制度，美股交易效率与资金周转优势再升级

2026年8月4日，美国证券交易委员会（SEC）宣布美股市场正式全面推行T+1结算制度，取代原有的T+2交割规则。此举大幅缩短了交易结算周期，显著提升了市场流动性与资金周转效率。相比A股及全球多数市场，美股在交易机制上的领先优势进一步凸显，

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US Market Advantages 2026-07-29

美股做空机制再升级：SEC新规提升透明度，凸显美股制度优势

2026年7月，美国证券交易委员会（SEC）宣布加强做空信息披露规则，要求对冲基金等机构更及时披露做空仓位。本文深度解读新规背景，对比美股与A股做空机制差异，分析美股做空制度在提升市场效率、保护投资者方面的优势，为投资者提供全球视野下的策略

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基本文件流程错误 SQL 调试

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/www/wwwroot/cjgpcs.cn/vendor/topthink/think-template/src/template/driver/File.php ( 2.41 KB )
/www/wwwroot/cjgpcs.cn/vendor/topthink/think-template/src/template/contract/DriverInterface.php ( 0.86 KB )
/www/wwwroot/cjgpcs.cn/vendor/topthink/think-orm/src/db/Raw.php ( 1.30 KB )
/www/wwwroot/cjgpcs.cn/app/common/model/Member.php ( 16.79 KB )
/www/wwwroot/cjgpcs.cn/vendor/topthink/framework/src/think/facade/Session.php ( 1.79 KB )
/www/wwwroot/cjgpcs.cn/app/common/paginator/Normal.php ( 0.11 KB )
/www/wwwroot/cjgpcs.cn/vendor/topthink/think-orm/src/paginator/driver/Bootstrap.php ( 5.48 KB )
/www/wwwroot/cjgpcs.cn/runtime/home/seadivicom/tmpl/cf05f5708809e74046d0f7847532d98a.php ( 23.54 KB )
/www/wwwroot/cjgpcs.cn/vendor/topthink/think-multi-app/src/Url.php ( 7.52 KB )
/www/wwwroot/cjgpcs.cn/vendor/topthink/framework/src/think/route/Url.php ( 14.05 KB )
/www/wwwroot/cjgpcs.cn/vendor/topthink/framework/src/think/Response.php ( 9.07 KB )
/www/wwwroot/cjgpcs.cn/vendor/topthink/framework/src/think/response/Html.php ( 0.97 KB )
/www/wwwroot/cjgpcs.cn/vendor/topthink/think-trace/src/Html.php ( 4.42 KB )

CONNECT:[ UseTime:0.001149s ] mysql:host=127.0.0.1;port=3306;dbname=cjgpcs;charset=utf8mb4
SHOW FULL COLUMNS FROM `g3ys_config` [ RunTime:0.002597s ]
SELECT `value` FROM `g3ys_config` WHERE `name` = 'timezone' AND `subsite_id` = '51' LIMIT 1 [ RunTime:0.000904s ]
SHOW FULL COLUMNS FROM `g3ys_route` [ RunTime:0.002831s ]
SELECT * FROM `g3ys_route` WHERE ( `subsite_id` = '51' OR `subsite_id` = '0' ) AND `module` = 'home' AND `status` = 1 ORDER BY `sort` DESC,`id` ASC [ RunTime:0.000859s ]
SHOW FULL COLUMNS FROM `g3ys_theme` [ RunTime:0.003038s ]
SELECT `paginator` FROM `g3ys_theme` WHERE `module` = 'home' AND `name` = 'seadivicom' AND `subsite_id` = '51' LIMIT 1 [ RunTime:0.000646s ]
SHOW FULL COLUMNS FROM `g3ys_lang` [ RunTime:0.002988s ]
SELECT * FROM `g3ys_lang` WHERE `subsite_id` = 51 AND ( ( LOWER(name) = 'en-us' ) OR `subtag` = 'en-us' ) AND `status` = 1 ORDER BY `id` ASC LIMIT 1 [ RunTime:0.001176s ]
SHOW FULL COLUMNS FROM `g3ys_member` [ RunTime:0.004092s ]
SELECT * FROM `g3ys_member` WHERE `id` = 0 AND `subsite_id` = '51' LIMIT 1 [ RunTime:0.000886s ]
SHOW FULL COLUMNS FROM `g3ys_tags` [ RunTime:0.002163s ]
SELECT * FROM `g3ys_tags` WHERE `name` = 'settlement-mechanism-t2' AND `status` = 1 AND `subsite_id` IN (0,51) ORDER BY FIELD(subsite_id,51,0) LIMIT 1 [ RunTime:0.000831s ]
SHOW FULL COLUMNS FROM `g3ys_tags_lang` [ RunTime:0.001764s ]
SELECT * FROM `g3ys_tags_lang` WHERE `tags_id` = 692 AND `subsite_id` = 51 AND `lang` = 'en-us' [ RunTime:0.000820s ]
SHOW FULL COLUMNS FROM `g3ys_document` [ RunTime:0.014994s ]
SELECT COUNT(*) AS think_count FROM `g3ys_document` WHERE `subsite_id` IN (0,51) AND `status` = '1' AND `model_id` = 2 AND ( FIND_IN_SET('692', tags) ) [ RunTime:0.005530s ]
SELECT `id`,`name`,`title`,`description`,`pic`,`category_id`,`create_time`,`document_type` FROM `g3ys_document` WHERE `subsite_id` IN (0,51) AND `status` = '1' AND `model_id` = 2 AND ( FIND_IN_SET('692', tags) ) ORDER BY `sort` DESC,`id` DESC LIMIT 0,10 [ RunTime:0.013608s ]
SELECT * FROM `g3ys_route` WHERE ( `subsite_id` = '51' OR `subsite_id` = '0' ) AND `module` = 'home' AND `status` = 1 ORDER BY `sort` DESC,`id` ASC [ RunTime:0.004139s ]
SHOW TABLES LIKE 'g3ys_category_lang' [ RunTime:0.008006s ]
SHOW FULL COLUMNS FROM `g3ys_category_lang` [ RunTime:0.004784s ]
SELECT * FROM `g3ys_category_lang` WHERE `subsite_id` = '51' AND `category_id` = '2151' AND `lang` = 'en-us' LIMIT 1 [ RunTime:0.001546s ]
SELECT * FROM `g3ys_category_lang` WHERE `subsite_id` = '51' AND `category_id` = '2150' AND `lang` = 'en-us' LIMIT 1 [ RunTime:0.001237s ]
SELECT * FROM `g3ys_category_lang` WHERE `subsite_id` = '51' AND `category_id` = '2149' AND `lang` = 'en-us' LIMIT 1 [ RunTime:0.001484s ]
SELECT * FROM `g3ys_category_lang` WHERE `subsite_id` = '51' AND `category_id` = '2148' AND `lang` = 'en-us' LIMIT 1 [ RunTime:0.000847s ]
SHOW FULL COLUMNS FROM `g3ys_ad_location` [ RunTime:0.004467s ]
SELECT * FROM `g3ys_ad_location` WHERE `name` = 'ad-full' AND `subsite_id` = '51' AND `status` = 1 LIMIT 1 [ RunTime:0.002000s ]
SHOW FULL COLUMNS FROM `g3ys_ad` [ RunTime:0.007814s ]
SELECT * FROM `g3ys_ad` WHERE `subsite_id` = '51' AND `ad_location_id` = '124' AND `status` = 1 AND `device` IN ('all','pc') AND ( `start_time` = 0 OR `start_time` <= 1786586324 ) AND ( `end_time` = 0 OR `end_time` >= 1786586324 ) ORDER BY `sort` DESC,`id` DESC [ RunTime:0.001777s ]
SHOW FULL COLUMNS FROM `g3ys_ad_lang` [ RunTime:0.004998s ]
SELECT * FROM `g3ys_ad_lang` WHERE `ad_id` = 124 AND `subsite_id` = '51' AND `lang` = 'en-us' [ RunTime:0.001989s ]
SHOW FULL COLUMNS FROM `g3ys_ad_lang` [ RunTime:0.005849s ]
SELECT * FROM `g3ys_route` WHERE ( `subsite_id` = '51' OR `subsite_id` = '0' ) AND `module` = 'home' AND `status` = 1 ORDER BY `sort` DESC,`id` ASC [ RunTime:0.001334s ]
SELECT * FROM `g3ys_route` WHERE ( `subsite_id` = '51' OR `subsite_id` = '0' ) AND `module` = 'home' AND `status` = 1 ORDER BY `sort` DESC,`id` ASC [ RunTime:0.002313s ]
SHOW FULL COLUMNS FROM `g3ys_total` [ RunTime:0.006017s ]
SELECT * FROM `g3ys_total` WHERE `target_id` = '6146' LIMIT 1 [ RunTime:0.001067s ]
SELECT * FROM `g3ys_route` WHERE ( `subsite_id` = '51' OR `subsite_id` = '0' ) AND `module` = 'home' AND `status` = 1 ORDER BY `sort` DESC,`id` ASC [ RunTime:0.001088s ]
SELECT * FROM `g3ys_route` WHERE ( `subsite_id` = '51' OR `subsite_id` = '0' ) AND `module` = 'home' AND `status` = 1 ORDER BY `sort` DESC,`id` ASC [ RunTime:0.001227s ]
SELECT * FROM `g3ys_route` WHERE ( `subsite_id` = '51' OR `subsite_id` = '0' ) AND `module` = 'home' AND `status` = 1 ORDER BY `sort` DESC,`id` ASC [ RunTime:0.001136s ]
SELECT * FROM `g3ys_total` WHERE `target_id` = '5896' LIMIT 1 [ RunTime:0.000888s ]
SELECT * FROM `g3ys_route` WHERE ( `subsite_id` = '51' OR `subsite_id` = '0' ) AND `module` = 'home' AND `status` = 1 ORDER BY `sort` DESC,`id` ASC [ RunTime:0.000982s ]
SELECT * FROM `g3ys_ad_location` WHERE `name` = 'ad-right' AND `subsite_id` = '51' AND `status` = 1 LIMIT 1 [ RunTime:0.001173s ]
SELECT * FROM `g3ys_ad` WHERE `subsite_id` = '51' AND `ad_location_id` = '125' AND `status` = 1 AND `device` IN ('all','pc') AND ( `start_time` = 0 OR `start_time` <= 1786586324 ) AND ( `end_time` = 0 OR `end_time` >= 1786586324 ) ORDER BY `sort` DESC,`id` DESC [ RunTime:0.001516s ]
SELECT * FROM `g3ys_ad_lang` WHERE `ad_id` = 125 AND `subsite_id` = '51' AND `lang` = 'en-us' [ RunTime:0.001021s ]
SELECT * FROM `g3ys_tags` WHERE `subsite_id` = 51 AND `status` = 1 ORDER BY `sort` DESC,`id` DESC LIMIT 15 [ RunTime:0.002731s ]
SELECT * FROM `g3ys_tags_lang` WHERE `tags_id` IN (694,692,689,687,684,682,681,679,678,676,675,673,671,669,668) AND `subsite_id` = 51 AND `lang` = 'en-us' [ RunTime:0.002867s ]
SELECT * FROM `g3ys_route` WHERE ( `subsite_id` = '51' OR `subsite_id` = '0' ) AND `module` = 'home' AND `status` = 1 ORDER BY `sort` DESC,`id` ASC [ RunTime:0.001409s ]
SELECT * FROM `g3ys_route` WHERE ( `subsite_id` = '51' OR `subsite_id` = '0' ) AND `module` = 'home' AND `status` = 1 ORDER BY `sort` DESC,`id` ASC [ RunTime:0.001267s ]
SELECT * FROM `g3ys_route` WHERE ( `subsite_id` = '51' OR `subsite_id` = '0' ) AND `module` = 'home' AND `status` = 1 ORDER BY `sort` DESC,`id` ASC [ RunTime:0.003706s ]
SELECT * FROM `g3ys_route` WHERE ( `subsite_id` = '51' OR `subsite_id` = '0' ) AND `module` = 'home' AND `status` = 1 ORDER BY `sort` DESC,`id` ASC [ RunTime:0.002633s ]
SELECT * FROM `g3ys_route` WHERE ( `subsite_id` = '51' OR `subsite_id` = '0' ) AND `module` = 'home' AND `status` = 1 ORDER BY `sort` DESC,`id` ASC [ RunTime:0.001085s ]
SELECT * FROM `g3ys_route` WHERE ( `subsite_id` = '51' OR `subsite_id` = '0' ) AND `module` = 'home' AND `status` = 1 ORDER BY `sort` DESC,`id` ASC [ RunTime:0.001604s ]
SELECT * FROM `g3ys_tags` WHERE `subsite_id` = 51 AND `status` = 1 ORDER BY `sort` DESC,`id` DESC LIMIT 8 [ RunTime:0.007837s ]
SELECT * FROM `g3ys_tags_lang` WHERE `tags_id` IN (694,692,689,687,684,682,681,679) AND `subsite_id` = 51 AND `lang` = 'en-us' [ RunTime:0.002282s ]
SELECT * FROM `g3ys_route` WHERE ( `subsite_id` = '51' OR `subsite_id` = '0' ) AND `module` = 'home' AND `status` = 1 ORDER BY `sort` DESC,`id` ASC [ RunTime:0.001352s ]
SELECT * FROM `g3ys_route` WHERE ( `subsite_id` = '51' OR `subsite_id` = '0' ) AND `module` = 'home' AND `status` = 1 ORDER BY `sort` DESC,`id` ASC [ RunTime:0.002318s ]

0.479729s