{"id":4806,"date":"2023-09-28T09:39:09","date_gmt":"2023-09-28T06:39:09","guid":{"rendered":"https:\/\/datakapital.com\/blog\/?p=4806"},"modified":"2025-07-19T09:19:29","modified_gmt":"2025-07-19T06:19:29","slug":"xi-cin-borsasini-kontrol-ediyor","status":"publish","type":"post","link":"https:\/\/datakapital.com\/blog\/xi-cin-borsasini-kontrol-ediyor\/","title":{"rendered":"Xi, \u00c7in Borsas\u0131n\u0131 Kontrol Ediyor"},"content":{"rendered":"

Jilin Joinature Polymer 20 Eyl\u00fcl’de (\u00c7in Borsas\u0131<\/strong>) \u015eanghay Borsas\u0131’nda<\/a> ilk kez i\u015flem g\u00f6rmeye ba\u015flad\u0131\u011f\u0131nda, bu y\u0131l \u00c7in’in yerel piyasalar\u0131nda i\u015flem g\u00f6ren 200. \u015firket oldu. Bu \u015firketler toplamda 40 milyar dolar\u0131n \u00fczerinde para toplad\u0131. Bu mebla\u011f Wall Street’te toplanan miktar\u0131n iki kat\u0131ndan fazla ve k\u00fcresel toplam\u0131n neredeyse yar\u0131s\u0131na tekab\u00fcl ediyor. Xi ise \u00c7in borsas\u0131 i\u00e7in<\/strong> farkl\u0131 planlara sahip.<\/p>\n

Yine de \u00fclkenin CSI 300 endeksi Ocak ay\u0131ndan bu yana y\u00fczde 14 d\u00fc\u015ft\u00fc ve 2022’de be\u015fte bir oran\u0131nda geriledi. Japonya ve ABD gibi b\u00fcy\u00fck piyasalara k\u0131yasla daha d\u00fc\u015f\u00fck performans g\u00f6stermesinin nedeni olarak da yava\u015flayan b\u00fcy\u00fcme ve emlak sekt\u00f6r\u00fcndeki likidite krizi g\u00f6steriliyor.<\/p>\n

\u00c7in’de yeni \u015firketlere kucak a\u00e7an durgun piyasa, Ba\u015fkan Xi Jinping liderli\u011findeki Pekin’in politika de\u011fi\u015fikliklerinden kaynaklan\u0131yor. Xi Jinping, kontrol, ulusal g\u00fcvenlik ve teknolojik kendine yeterlilik \u00f6ncelikleriyle uyumlu sekt\u00f6rlere yat\u0131r\u0131m\u0131 art\u0131rmay\u0131 hedefliyor. Sermayeyi y\u00f6nlendirmek ve \u00c7in ekonomisini yeniden \u015fekillendirmek i\u00e7in borsalar kullan\u0131l\u0131yor.<\/p>\n

Goldman Sachs’\u0131n<\/a> \u00c7in hisse senedi stratejisti Kinger Lau’ya g\u00f6re, ekonomik zay\u0131fl\u0131k d\u00f6nemlerinde emlak piyasas\u0131n\u0131 canland\u0131rmaya veya altyap\u0131 in\u015fa etmeye y\u00f6nelik geleneksel yakla\u015f\u0131m \u00c7in’de art\u0131k etkili olmuyor. Bunun yerine, sermayeyi stratejik a\u00e7\u0131dan \u00f6nemli alanlara y\u00f6nlendirmek i\u00e7in a\u00e7\u0131k bir politika te\u015fviki ile halka arz piyasas\u0131na g\u00fc\u00e7l\u00fc bir odaklanma s\u00f6z konusu<\/p>\n

Yat\u0131r\u0131m bankas\u0131 CLSA’n\u0131n \u00c7in Ger\u00e7eklik Ara\u015ft\u0131rmas\u0131 Ba\u015fkan\u0131 Lance Noble, bu yeni yakla\u015f\u0131m\u0131n teknolojik at\u0131l\u0131mlar\u0131 h\u0131zland\u0131rmak ve \u00c7in’in Bat\u0131’ya olan ba\u011f\u0131ml\u0131l\u0131\u011f\u0131n\u0131 azaltmak i\u00e7in \u00e7e\u015fitli sekt\u00f6rlerden gelen kaynaklar\u0131 koordine etmeye odakland\u0131\u011f\u0131n\u0131 s\u00f6yl\u00fcyor. Bu kapsamda h\u00fck\u00fcmet, sanayi, finans, \u00fcniversiteler ve ara\u015ft\u0131rma laboratuarlar\u0131 inovasyonu te\u015fvik etmek i\u00e7in birlikte \u00e7al\u0131\u015f\u0131yor.<\/p>\n

Ancak piyasalar\u0131 devletin \u00f6nceliklerine hizmet eder hale getirmek, ge\u00e7mi\u015f y\u00f6netimlerden ve Xi’nin 2012’de parti lideri olduktan sonra benimsedi\u011fi piyasa yanl\u0131s\u0131 tutumdan b\u00fcy\u00fck bir sapma anlam\u0131na geliyor. \u015eanghay’daki Fudan \u00dcniversitesi Ekonomi Fak\u00fcltesi Dekan\u0131 Zhang Jun\u2019a g\u00f6re, bu \u00f6nlemler ve reformlar, nispeten piyasa odakl\u0131 bir piyasa mekanizmas\u0131 kurmaya y\u00f6nelik \u00f6nceki zihniyete ters d\u00fc\u015f\u00fcyor ve politika rehberli\u011fi ile piyasa beklentileri aras\u0131nda b\u00fcy\u00fck bir bo\u015fluk yarat\u0131yor.<\/p>\n

Bunun yan\u0131 s\u0131ra, \u00c7in’in halka arz yat\u0131r\u0131mc\u0131lar\u0131n\u0131 yeni listelemeleri hevesle desteklemeye ikna etmenin ya da b\u00fcy\u00fck varl\u0131k y\u00f6neticileri ve sigortac\u0131lar\u0131 \u00e7ip \u00fcreticileri veya elektrikli ara\u00e7 \u00fcreticilerine uzun vadeli yat\u0131r\u0131mc\u0131 olmaya te\u015fvik etmenin, s\u0131radan vatanda\u015f i\u00e7in emlak ve altyap\u0131 yat\u0131r\u0131mlar\u0131n\u0131n sa\u011flad\u0131\u011f\u0131 t\u00fcrden bir i\u015f ve servet yarat\u0131m\u0131yla sonu\u00e7lanaca\u011f\u0131n\u0131n garantisi de yok.<\/p>\n

“B\u00fcy\u00fck Fikir”<\/h4>\n

Yakla\u015f\u0131k bir y\u0131l \u00f6nce Xi, Pekin’de toplanan \u00fcst d\u00fczey liderlere, \u00c7in’in stratejik alanlardaki at\u0131l\u0131mlar\u0131 h\u0131zland\u0131rmak i\u00e7in “b\u00fcy\u00fck bilimsel ve teknolojik yenilikler konusunda parti ve devlet liderli\u011fini g\u00fc\u00e7lendirerek, piyasa mekanizmalar\u0131n\u0131n rol\u00fcn\u00fc tam anlam\u0131yla oynayarak” “yeni bir b\u00fct\u00fcn ulus sistemini” harekete ge\u00e7irmesi gerekti\u011fini s\u00f6yledi.<\/p>\n

“Yeni ulus sistemi\u201d ndeki “yeni” ifadesi ve “piyasa mekanizmalar\u0131 “na yap\u0131lan at\u0131f Xi’nin vizyonunu \u00c7in’i 1949’dan 1976’ya kadar y\u00f6neten Mao Zedong’un vizyonundan ay\u0131r\u0131yor. Mao’nun orijinal “b\u00fct\u00fcn ulus sistemi” Sovyet tarz\u0131 yukar\u0131dan a\u015fa\u011f\u0131ya ekonomik planlamay\u0131, uydular ve n\u00fckleer silahlar dahil teknolojik ilerlemeleri i\u00e7erirken kitleler i\u00e7in refah getirmiyordu.<\/p>\n

Yukar\u0131daki resim ise Xi Jinping’in Mart ay\u0131nda Pekin’deki B\u00fcy\u00fck Halk Salonu’nda Ulusal Halk Kongresi’nin kapan\u0131\u015f oturumunda yapt\u0131\u011f\u0131 konu\u015fman\u0131n g\u00f6r\u00fcnt\u00fcs\u00fc. Xi, \u015eangay ve Shenzhen piyasalar\u0131nda hangi \u015firketlerin yer alaca\u011f\u0131na karar veriyor.<\/p>\n

Xi Jinping’in h\u00fck\u00fcmetin \u00fcst kademelerinde inovasyona odaklanmas\u0131, yerel y\u00f6netimlerin b\u00f6lgesel \u00e7ip \u00fcreticilerine yapt\u0131\u011f\u0131 bir dizi ba\u015far\u0131s\u0131z giri\u015fim sermayesi tarz\u0131 yat\u0131r\u0131m\u0131n ve \u00c7in’in yar\u0131 iletken stratejisinde kilit bir oyuncu olan Ulusal Entegre Devre End\u00fcstrisi Yat\u0131r\u0131m Fonu’ndaki yolsuzluk iddialar\u0131n\u0131n ard\u0131ndan geldi.<\/p>\n

Fon, politika hedefleri ile yat\u0131r\u0131m getirilerini dengelemeyi ama\u00e7lam\u0131\u015f ancak d\u00fc\u015f\u00fck maliyetli ve karl\u0131 \u00e7ip tasar\u0131m \u015firketlerini s\u0131k s\u0131k finanse ederken, \u00fcst d\u00fczey \u00c7inli \u00e7ip \u00fcreticilerinin Koreli, Tayvanl\u0131 ve di\u011fer yabanc\u0131 rakiplerini yakalamas\u0131na yard\u0131mc\u0131 olmad\u0131\u011f\u0131 i\u00e7in ele\u015ftirilere maruz kalm\u0131\u015ft\u0131. Xi’nin konu\u015fmalar\u0131nda ve \u00fcst d\u00fczey Kom\u00fcnist parti dergilerinde yay\u0131nlanan makalelerde “yeni b\u00fct\u00fcn ulus sistemine” yap\u0131lan at\u0131flar, bunun \u00c7in’in bilim ve teknoloji alan\u0131ndaki gelece\u011fini \u015fekillendirmek i\u00e7in \u00f6nemli bir \u00f6ncelik oldu\u011funun alt\u0131n\u0131 \u00e7izmektedir. \u00c7in’in borsalar\u0131n\u0131<\/a> kapatan Mao’nun aksine Xi, ekonomik b\u00fcy\u00fcmenin itici g\u00fcc\u00fc olarak emlak ve altyap\u0131 geli\u015fimine olan ba\u011f\u0131ml\u0131l\u0131\u011f\u0131 azaltmak i\u00e7in yerel hisse senedi piyasalar\u0131n\u0131 kullanmay\u0131 hedefliyor.<\/p>\n

Mao Zedong’un ‘b\u00fct\u00fcn ulus sistemi’ Sovyet tarz\u0131 yukar\u0131dan a\u015fa\u011f\u0131ya ekonomik planlamay\u0131 gerektirmi\u015f, uydular ve n\u00fckleer silahlar dahil teknolojik ilerlemeler sa\u011flam\u0131\u015f ancak kitleler i\u00e7in refah getirmedi\u011fi s\u00f6ylenmi\u015fti. Bu durum, partinin \u00fcst d\u00fczey kadrolar\u0131n\u0131n halka arzlar\u0131 h\u0131zland\u0131r\u0131rken ekonomik b\u00fcy\u00fcmeyi yeniden canland\u0131rmak i\u00e7in b\u00fcy\u00fck \u00f6l\u00e7ekli emlak ve altyap\u0131 te\u015fvikleri konusunda neden isteksiz davrand\u0131klar\u0131n\u0131 a\u00e7\u0131klamaktad\u0131r. Onlar\u0131n g\u00f6z\u00fcnde, eski oyun kitab\u0131na geri d\u00f6nmek sadece bor\u00e7 y\u00fckl\u00fc gayrimenkul geli\u015ftiricileri i\u00e7in ka\u00e7\u0131n\u0131lmaz bir hesapla\u015fmay\u0131 erteleyecek ve yeni bir \u00c7in ekonomisine planlanan ge\u00e7i\u015fi geciktirecektir.<\/p>\n

Goldman’dan Lau, bu de\u011fi\u015fimin anahtar\u0131n\u0131n yar\u0131 iletken \u00fcretimi, biyoteknoloji ve elektrikli ara\u00e7lar gibi sekt\u00f6rlerdeki \u015firketlerin halka a\u00e7\u0131lmas\u0131 oldu\u011funu s\u00f6yl\u00fcyor. Borsa yat\u0131r\u0131mc\u0131lar\u0131n\u0131n deste\u011fiyle bu \u015firketler \u00f6l\u00e7eklerini b\u00fcy\u00fctebilir ve \u00c7in’in k\u00fc\u00e7\u00fclen emlak piyasas\u0131n\u0131n geride b\u0131rakt\u0131\u011f\u0131 bo\u015flu\u011fu doldurmak i\u00e7in gereken t\u00fcketici harcamalar\u0131ndaki b\u00fcy\u00fcmeye yard\u0131mc\u0131 olabilir.<\/p>\n

Ye\u015fil I\u015f\u0131k, K\u0131rm\u0131z\u0131 I\u015f\u0131k<\/h4>\n

Xi’nin y\u00f6netimi, h\u00fck\u00fcmetin y\u00f6nlendirme fonlar\u0131ndan b\u00fcy\u00fck miktarlarda paray\u0131 devletin \u00f6ncelikleriyle uyumlu halka arz \u00f6ncesi \u015firketlere y\u00f6nlendiriyor. Birbiriyle ba\u011flant\u0131l\u0131 iki sistem arac\u0131l\u0131\u011f\u0131yla d\u00fc\u015f\u00fck \u00f6ncelikli sekt\u00f6rlerdeki \u015firketlerin halka arzlar\u0131n\u0131 cayd\u0131r\u0131rken, \u015eanghay ve Shenzhen’deki halka arzlar\u0131 h\u0131zland\u0131r\u0131yorlar.<\/p>\n

\u015eubat ay\u0131nda uygulamaya konulan \u00fclke \u00e7ap\u0131ndaki “kayda dayal\u0131” listeleme sistemi, her bir halka arz ba\u015fvurusu i\u00e7in \u00c7in Menkul K\u0131ymetler D\u00fczenleme Komisyonu taraf\u0131ndan yap\u0131lan uzun resmi inceleme s\u00fcrecini ortadan kald\u0131rarak \u00c7in’in borsa listeleme s\u00fcrecini daha \u015feffaf hale getirdi.<\/p>\n

D\u00fczenleyicilerin \u00c7inli yat\u0131r\u0131m bankalar\u0131na hangi t\u00fcr \u015firketlerin borsaya kote olmas\u0131 gerekti\u011fi konusunda gayri resmi tavsiyelerde bulundu\u011fu perde arkas\u0131ndaki “trafik \u0131\u015f\u0131\u011f\u0131” sistemi de ayn\u0131 derecede \u00f6nemli. \u00d6rne\u011fin i\u00e7ecek \u00fcreticileri, kafe ve restoran zincirleri “k\u0131rm\u0131z\u0131 \u0131\u015f\u0131k” alarak halka a\u00e7\u0131lmalar\u0131 fiilen yasaklan\u0131rken, stratejik a\u00e7\u0131dan \u00f6nemli sekt\u00f6rler “ye\u015fil \u0131\u015f\u0131k” al\u0131yor. \u00c7in Menkul K\u0131ymetler D\u00fczenleme Komisyonu, soruldu\u011funda trafik \u0131\u015f\u0131\u011f\u0131 iddialar\u0131 hakk\u0131nda yorum yapmad\u0131. \u015eanghay’daki b\u00fcy\u00fck bir arac\u0131 kurumun y\u00f6neticisine g\u00f6re, yetkililer y\u00fcksek teknoloji \u00fcretimi, yenilenebilir enerji kaynaklar\u0131 ve yeni ekonomiyle ilgili di\u011fer sekt\u00f6rler gibi stratejik sekt\u00f6rlerin halka a\u00e7\u0131lmas\u0131, sermaye art\u0131rmas\u0131 ve geli\u015fmesi i\u00e7in a\u00e7\u0131k\u00e7a bask\u0131 yap\u0131yor. Bu sekt\u00f6rlerdeki halka a\u00e7\u0131lmalar h\u0131zla ilerlerken, politika yap\u0131c\u0131lar\u0131n \u00f6nceliklerine uymayan \u015firketler halka a\u00e7\u0131lmak i\u00e7in yat\u0131r\u0131m bankas\u0131 deste\u011fi bulmakta zorlan\u0131yor.<\/p>\n

Bu yakla\u015f\u0131m, halka a\u00e7\u0131lan \u015firket hisselerinin i\u015flemlerin ilk birka\u00e7 g\u00fcn\u00fcnde fiyatlar kayda de\u011fer bir \u015fekilde y\u00fckseldi\u011finde kar elde etmeyi uman yat\u0131r\u0131mc\u0131lar taraf\u0131ndan hemen sat\u0131lmas\u0131 halinde zorluklarla gebedir. D\u00fczenleyiciler, \u00c7inli yat\u0131r\u0131m bankalar\u0131n\u0131n ve halka arzlara kat\u0131lan di\u011fer kurumsal yat\u0131r\u0131mc\u0131lar\u0131n hisse senedi satmalar\u0131na izin verilmeyen “kilitleme” s\u00fcrelerini uzatarak bu riske kar\u015f\u0131 \u00f6nlem ald\u0131lar.<\/p>\n

Pacific Securities’de analist olan Xia Mi’ang, “Bu yat\u0131r\u0131mc\u0131lar\u0131 daha uzun s\u00fcre kilitli tutmak hisse fiyatlar\u0131n\u0131 istikrarl\u0131 tutar,” diyor. “Bu durum borsaya kote \u015firketleri karl\u0131l\u0131klar\u0131n\u0131 art\u0131rmaya odaklanmaya itecek ve [halka arz] yat\u0131r\u0131mc\u0131lar\u0131n\u0131n temett\u00fc getirilerinden yararlanmalar\u0131na izin verirken yat\u0131r\u0131m risklerini \u00fcstlenmelerini sa\u011flayacakt\u0131r.\u201d<\/p>\n

D\u00fczenleyiciler ayr\u0131ca, \u00f6zellikle bir \u015firketin hisselerinin ihra\u00e7 fiyat\u0131n\u0131n alt\u0131na d\u00fc\u015fmesi ya da hissedarlar\u0131na temett\u00fc \u00f6dememesi durumunda, \u015firket i\u00e7erisindeki ki\u015filerin – ister y\u00f6neticiler, ister halka arz \u00f6ncesi destek\u00e7iler ya da s\u00f6zde \u00e7apa yat\u0131r\u0131mc\u0131lar olsun – hisselerini satma kabiliyetlerini k\u0131s\u0131tlama getirdi.<\/p>\n

Bu de\u011fi\u015fikliklerin a\u00e7\u0131klanmas\u0131n\u0131n ertesi g\u00fcn\u00fc, \u015eangay ve Shenzhen’de i\u015flem g\u00f6ren en az 10 \u015firket, i\u00e7eridekiler taraf\u0131ndan planlanan hisse elden \u00e7\u0131karma i\u015flemlerini iptal etti. Tepon Securities taraf\u0131ndan yeni kurallar\u0131n etkisi \u00fczerine yap\u0131lan bir analiz, \u00c7in’de borsada i\u015flem g\u00f6ren t\u00fcm \u015firketlerin neredeyse yar\u0131s\u0131n\u0131n art\u0131k en az\u0131ndan baz\u0131 hissedarlar\u0131n\u0131n hisselerini elden \u00e7\u0131karamayaca\u011f\u0131n\u0131 g\u00f6sterdi.<\/p>\n","protected":false},"excerpt":{"rendered":"

Jilin Joinature Polymer 20 Eyl\u00fcl’de (\u00c7in Borsas\u0131) \u015eanghay Borsas\u0131’nda ilk kez i\u015flem g\u00f6rmeye ba\u015flad\u0131\u011f\u0131nda, bu y\u0131l \u00c7in’in yerel piyasalar\u0131nda i\u015flem g\u00f6ren 200. \u015firket oldu. Bu \u015firketler toplamda 40 milyar dolar\u0131n \u00fczerinde para toplad\u0131. Bu mebla\u011f Wall Street’te toplanan miktar\u0131n iki kat\u0131ndan fazla ve k\u00fcresel toplam\u0131n neredeyse yar\u0131s\u0131na tekab\u00fcl ediyor. Xi ise \u00c7in borsas\u0131 i\u00e7in farkl\u0131<\/p>\n","protected":false},"author":12,"featured_media":4809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,49,48],"tags":[440,438,439,441],"class_list":{"0":"post-4806","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jeoekonomik-makro-veriler","8":"category-jeopolitik-risk-analizi","9":"category-kuresel-trendler","10":"tag-cin-ekonomisi","11":"tag-jilin-joinature-polymer","12":"tag-sangay-borsasi","13":"tag-tekn"},"better_featured_image":{"id":4809,"alt_text":"\u00c7in Borsas\u0131","caption":"","description":"","media_type":"image","media_details":{"width":640,"height":640,"file":"2023\/09\/Jilin-Joinature-Polymer-1.jpg","filesize":59051,"sizes":{"medium":{"file":"Jilin-Joinature-Polymer-1-300x300.jpg","width":300,"height":300,"mime-type":"image\/jpeg","filesize":15370,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2023\/09\/Jilin-Joinature-Polymer-1-300x300.jpg"},"thumbnail":{"file":"Jilin-Joinature-Polymer-1-150x150.jpg","width":150,"height":150,"mime-type":"image\/jpeg","filesize":5549,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2023\/09\/Jilin-Joinature-Polymer-1-150x150.jpg"},"bunyad-small":{"file":"Jilin-Joinature-Polymer-1-150x150.jpg","width":150,"height":150,"mime-type":"image\/jpeg","filesize":5549,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2023\/09\/Jilin-Joinature-Polymer-1-150x150.jpg"},"bunyad-medium":{"file":"Jilin-Joinature-Polymer-1-450x450.jpg","width":450,"height":450,"mime-type":"image\/jpeg","filesize":30297,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2023\/09\/Jilin-Joinature-Polymer-1-450x450.jpg"}},"image_meta":{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0","keywords":[]}},"post":4806,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2023\/09\/Jilin-Joinature-Polymer-1.jpg"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/posts\/4806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/comments?post=4806"}],"version-history":[{"count":4,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/posts\/4806\/revisions"}],"predecessor-version":[{"id":5386,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/posts\/4806\/revisions\/5386"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/media\/4809"}],"wp:attachment":[{"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/media?parent=4806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/categories?post=4806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/tags?post=4806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}