»ù½ð¹ÜÀíÈË£º»ª°²»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾
»ù½ðÍйÜÈË£ºÖйúÃñÉúÒøÐйɷÝÓÐÏÞ¹«Ë¾
±¨¸æËͳöÈÕÆÚ£º¶þ©–Ò»ÆßÄê¶þÔ¶þÊ®°ËÈÕ¡ì1 ÖØÒªÌáʾ
1.1 ÖØÒªÌáʾ
»ù½ð¹ÜÀíÈ˵ĶÊ»ᡢ¶Ê±£Ö¤±¾±¨¸æËùÔØ×ÊÁϲ»´æÔÚÐé¼Ù¼ÇÔØ¡¢Îóµ¼ÐÔ³ÂÊö»òÖØ´óÒÅ©£¬²¢¶ÔÆäÄÚÈݵÄÕæʵÐÔ¡¢×¼È·ÐÔºÍÍêÕûÐԳе£¸ö±ð¼°Á¬´øµÄ·¨ÂÉÔðÈΡ£±¾Äê¶È±¨¸æÒѾÈý·ÖÖ®¶þÒÔÉ϶ÀÁ¢¶ÊÂÇ©×ÖͬÒ⣬²¢Óɶʳ¤Ç©·¢¡£
»ù½ðÍйÜÈËÖйúÃñÉúÒøÐйɷÝÓÐÏÞ¹«Ë¾¸ù¾Ý±¾»ù½ðºÏͬ¹æ¶¨£¬ÓÚ2017Äê3ÔÂ24ÈÕ¸´ºËÁ˱¾±¨¸æÖеIJÆÎñÖ¸±ê¡¢¾»Öµ±íÏÖ¡¢ÀûÈó·ÖÅäÇé¿ö¡¢²ÆÎñ»á¼Æ±¨¸æ¡¢Í¶×Ê×éºÏ±¨¸æµÈÄÚÈÝ£¬±£Ö¤¸´ºËÄÚÈݲ»´æÔÚÐé¼Ù¼ÇÔØ¡¢Îóµ¼ÐÔ³ÂÊö»òÕßÖØ´óÒÅ©¡£
»ù½ð¹ÜÀíÈ˳ÐŵÒÔ³ÏʵÐÅÓá¢ÇÚÃ㾡ÔðµÄÔÔò¹ÜÀíºÍÔËÓûù½ð×ʲú£¬µ«²»±£Ö¤»ù½ðÒ»¶¨Ó¯Àû¡£
»ù½ðµÄ¹ýÍùÒµ¼¨²¢²»´ú±íÆäδÀ´±íÏÖ¡£Í¶×ÊÓзçÏÕ£¬Í¶×ÊÕßÔÚ×÷³öͶ×ʾö²ßÇ°Ó¦×ÐϸÔĶÁ±¾»ù½ðµÄÕÐļ˵Ã÷Êé¼°Æä¸üС£
±¾Äê¶È±¨¸æÕªÒªÕª×ÔÄê¶È±¨¸æÕýÎÄ£¬Í¶×ÊÕßÓûÁ˽âÏêϸÄÚÈÝ£¬Ó¦ÔĶÁÄê¶È±¨¸æÕýÎÄ¡£
±¾±¨¸æÆÚ×Ô2016Äê9ÔÂ22ÈÕÆðÖÁ12ÔÂ31ÈÕÖ¹¡£
¡ì2 »ù½ð¼ò½é
2.1 »ù½ð»ù±¾Çé¿ö
»ù½ð¼ò³Æ
»ª°²Ð²Ƹ»»ìºÏ
»ù½ðÖ÷´úÂë
002033
½»Ò×´úÂë
002033
»ù½ðÔË×÷·½Ê½
ÆõÔ¼ÐÔ¿ª·Åʽ
»ù½ðºÏͬÉúЧÈÕ
2016Äê9ÔÂ22ÈÕ
»ù½ð¹ÜÀíÈË
»ª°²»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾
»ù½ðÍйÜÈË
ÖйúÃñÉúÒøÐйɷÝÓÐÏÞ¹«Ë¾
±¨¸æÆÚÄ©»ù½ð·Ý¶î×ܶî
1,000,587,185.08·Ý
ÏÂÊô·Ö¼¶»ù½ðµÄ»ù½ð¼ò³Æ
»ª°²Ð²Ƹ»»ìºÏA
»ª°²Ð²Ƹ»»ìºÏC
ÏÂÊô·Ö¼¶»ù½ðµÄ½»Ò×´úÂë
002033
002034
±¨¸æÆÚÄ©ÏÂÊô·Ö¼¶»ù½ðµÄ·Ý¶î×ܶî
500,561,452.05·Ý
500,025,733.03·Ý
2.2 »ù½ð²úƷ˵Ã÷
Ͷ×ÊÄ¿±ê
±¾»ù½ðÔÚÑϸñ¿ØÖÆ·çÏÕµÄÇ°ÌáÏ£¬Í¨¹ý´óÀà×ʲúµÄÓÅ»¯ÅäÖú͸߰²È«±ß¼ÊµÄ֤ȯ¾«Ñ¡£¬×·Çó³¬Ô½Òµ¼¨±È½Ï»ù×¼µÄͶ×ʻر¨ºÍ×ʲúµÄ³¤ÆÚÎȽ¡ÔöÖµ¡£
Ͷ×ʲßÂÔ
±¾»ù½ð²ÉÈ¡Ïà¶ÔÁé»îµÄ×ʲúÅäÖòßÂÔ£¬Í¨¹ý½«»ù½ð×ʲúÔÚȨÒæÀà¡¢¹Ì¶¨ÊÕÒæÀ๤¾ßÖ®¼äÁé»îÅäÖ㬲¢Êʵ±½èÓýðÈÚÑÜÉúÆ·µÄͶ×ÊÀ´×·Çó»ù½ð×ʲúµÄ³¤ÆÚÎȽ¡ÔöÖµ¡£ÔÚ¾ßÌå´óÀà×ʲúÅäÖùý³ÌÖУ¬±¾»ù½ð½«Ê¹Óö¨Á¿Ó붨ÐÔÏà½áºÏµÄÑо¿·½·¨¶Ôºê¹Û¾¼Ã¡¢¹ú¼ÒÕþ²ß¡¢×ʽðÃæºÍÊг¡ÇéÐ÷µÈ¿ÉÄÜÓ°Ïì֤ȯÊг¡µÄÖØÒªÒòËؽøÐÐÑо¿ºÍÔ¤²â£¬½áºÏʹÓù«Ë¾×ÔÖ÷Ñз¢µÄ¶àÒò×Ó¶¯Ì¬×ʲúÅäÖÃÄ£ÐÍ¡¢»ùÓÚͶ×ÊʱÖÓÀíÂÛµÄ×ʲúÅäÖÃÄ£Ð͵Ⱦ¼ÃÄ£ÐÍ£¬·ÖÎöºÍ±È½Ï¹ÉƱ¡¢Õ®È¯µÈÊг¡ºÍ²»Í¬½ðÈÚ¹¤¾ßµÄ·çÏÕÊÕÒæÌØÕ÷£¬È·¶¨ºÏÊʵÄ×ʲúÅäÖñÈÀý£¬¶¯Ì¬ÓÅ»¯Í¶×Ê×éºÏ
Òµ¼¨±È½Ï»ù×¼
40%¡ÁÉÏÖ¤50Ö¸ÊýÊÕÒæÂÊ£«60%¡ÁÖйúծȯ×ÜÖ¸ÊýÊÕÒæÂÊ
·çÏÕÊÕÒæÌØÕ÷
±¾»ù½ðΪ»ìºÏÐÍ»ù½ð£¬»ù½ðµÄ·çÏÕÓëÔ¤ÆÚÊÕÒæ¸ßÓÚծȯÐÍ»ù½ðºÍ»õ±ÒÊг¡»ù½ð¡¢µÍÓÚ¹ÉƱÐÍ»ù½ð£¬ÊôÓÚ֤ȯͶ×Ê»ù½ðÖеÄÖи߷çÏÕͶ×ÊÆ·ÖÖ¡£
2.3 »ù½ð¹ÜÀíÈ˺ͻù½ðÍйÜÈË
씀»ù½ð¹ÜÀíÈË
»ù½ðÍйÜÈË
Ãû³Æ
»ª°²»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾
ÖйúÃñÉúÒøÐйɷÝÓÐÏÞ¹«Ë¾
ÐÅÏ¢Åû¶¸ºÔðÈË
ÐÕÃû
Ç®öï
ÂÞ·Æ·Æ
ÁªÏµµç»°
021-38969999
010-58560666
µç×ÓÓÊÏä
qiankun@huaan.com.cn
tgbfxjdzx@cmbc.com.cn
¿Í»§·þÎñµç»°
4008850099
95568
´«Õæ
021-68863414
010-58560798
2.4 ÐÅÏ¢Åû¶·½Ê½
µÇÔØ»ù½ðÄê¶È±¨¸æÕªÒªµÄ¹ÜÀíÈË»¥ÁªÍøÍøÖ·
www.huaan.com.cn
»ù½ðÄê¶È±¨¸æ±¸Öõصã
ÉϺ£ÊÐÊÀ¼Í´óµÀ8ºÅÉϺ£¹ú½ðÖÐÐĶþÆÚ31²ã¡¢32²ã
¡ì3 Ö÷Òª²ÆÎñÖ¸±ê¡¢»ù½ð¾»Öµ±íÏÖ¼°ÀûÈó·ÖÅäÇé¿ö
3.1 Ö÷Òª»á¼ÆÊý¾ÝºÍ²ÆÎñÖ¸±ê
½ð¶îµ¥Î»£ºÈËÃñ±ÒÔª
3.1.1ÆÚ¼äÊý¾ÝºÍÖ¸±ê
2016Äê9ÔÂ22ÈÕ£¨»ù½ðºÏͬÉúЧÈÕ£©ÖÁ2016Äê12ÔÂ31ÈÕ
-
{year_t-2}
»ª°²Ð²Ƹ»»ìºÏA
»ª°²Ð²Ƹ»»ìºÏC
{cfid-fgi_JiJinJianCheng__A}{word_merge}
{cfid-fgi_JiJinJianCheng__2}{word_merge}{concurrence}
{cfid-fgi_JiJinJianCheng__A}{word_merge}
{cfid-fgi_JiJinJianCheng__2}{word_merge}{concurrence}
±¾ÆÚÒÑʵÏÖÊÕÒæ
-1,324,262.00
-509,543.87
{cfid-pt_BenQiLiRunKouJianBenQiGongYunJiaZhiBianDongSunYiHouDeJingE_t-1_A#merge}
{cfid-pt_BenQiLiRunKouJianBenQiGongYunJiaZhiBianDongSunYiHouDeJingE_t-1_2#merge}
{cfid-pt_BenQiLiRunKouJianBenQiGongYunJiaZhiBianDongSunYiHouDeJingE_t-2_A#merge}
{cfid-pt_BenQiLiRunKouJianBenQiGongYunJiaZhiBianDongSunYiHouDeJingE_t-2_2#merge}
±¾ÆÚÀûÈó
-1,133,084.75
-1,828,957.41
{cfid-pt_JiJinBenQiLiRun_t-1_A#merge}
{cfid-pt_JiJinBenQiLiRun_t-1_2#merge}
{cfid-pt_JiJinBenQiLiRun_t-2_A#merge}
{cfid-pt_JiJinBenQiLiRun_t-2_2#merge}
¼ÓȨƽ¾ù»ù½ð·Ý¶î±¾ÆÚÀûÈó
-0.0035
-0.0037
{cfid-pt_JiaQuanPingJunJiJinFenEBenQiLiRun_t-1_A#merge}
{cfid-pt_JiaQuanPingJunJiJinFenEBenQiLiRun_t-1_2#merge}
{cfid-pt_JiaQuanPingJunJiJinFenEBenQiLiRun_t-2_A#merge}
{cfid-pt_JiaQuanPingJunJiJinFenEBenQiLiRun_t-2_2#merge}
±¾ÆÚ¼ÓȨƽ¾ù¾»ÖµÀûÈóÂÊ
-0.35%
-0.37%
{cfid-pt_JiaQuanPingJunJingZhiLiRunLv_t-1_A#merge}
{cfid-pt_JiaQuanPingJunJingZhiLiRunLv_t-1_2#merge}
{cfid-pt_JiaQuanPingJunJingZhiLiRunLv_t-2_A#merge}
{cfid-pt_JiaQuanPingJunJingZhiLiRunLv_t-2_2#merge}
±¾ÆÚ»ù½ð·Ý¶î¾»ÖµÔö³¤ÂÊ
-0.30%
-0.40%
{cfid-pt_BenQiJiJinFenEJingZhiZengZhangLv_t-1_A#merge}
{cfid-pt_BenQiJiJinFenEJingZhiZengZhangLv_t-1_2#merge}
{cfid-pt_BenQiJiJinFenEJingZhiZengZhangLv_t-2_A#merge}
{cfid-pt_BenQiJiJinFenEJingZhiZengZhangLv_t-2_2#merge}
3.1.2ÆÚÄ©Êý¾ÝºÍÖ¸±ê
2016ÄêÄ©
2015ÄêÄ©
{onlyYear_t-2}ÄêÄ©
»ª°²Ð²Ƹ»»ìºÏA
»ª°²Ð²Ƹ»»ìºÏC
{cfid-fgi_JiJinJianCheng__A}{word_merge}
{cfid-fgi_JiJinJianCheng__2}{word_merge}{concurrence}
{cfid-fgi_JiJinJianCheng__A}{word_merge}
{cfid-fgi_JiJinJianCheng__2}{word_merge}{concurrence}
ÆÚÄ©¿É¹©·ÖÅä»ù½ð·Ý¶îÀûÈó
-0.0033
-0.0037
{cfid-pt_QiMoKeGongFenPeiJiJinFenELiRun_t-1_A#merge}
{cfid-pt_QiMoKeGongFenPeiJiJinFenELiRun_t-1_2#merge}
{cfid-pt_QiMoKeGongFenPeiJiJinFenELiRun_t-2_A#merge}
{cfid-pt_QiMoKeGongFenPeiJiJinFenELiRun_t-2_2#merge}
ÆÚÄ©»ù½ð×ʲú¾»Öµ
498,927,896.62
498,196,775.40
{cfid-pt_QiMoJiJinZiChanJingZhi_t-1_A#merge}
{cfid-pt_QiMoJiJinZiChanJingZhi_t-1_2#merge}
{cfid-pt_QiMoJiJinZiChanJingZhi_t-2_A#merge}
{cfid-pt_QiMoJiJinZiChanJingZhi_t-2_2#merge}
ÆÚÄ©»ù½ð·Ý¶î¾»Öµ
0.997
0.996
{cfid-pt_QiMoJiJinFenEJingZhi_t-1_A#merge}
{cfid-pt_QiMoJiJinFenEJingZhi_t-1_2#merge}
{cfid-pt_QiMoJiJinFenEJingZhi_t-2_A#merge}
{cfid-pt_QiMoJiJinFenEJingZhi_t-2_2#merge}
×¢£º1¡¢ËùÊö»ù½ðÒµ¼¨Ö¸±ê²»°üÀ¨³ÖÓÐÈËÈϹº»ò½»Ò×»ù½ðµÄ¸÷Ïî·ÑÓã¨ÀýÈ磺·â±Õʽ»ù½ð½»Ò×Ó¶½ð¡¢¿ª·Åʽ»ù½ðµÄÉ깺Êê»Ø·Ñ¡¢ºìÀûÔÙͶ×Ê·Ñ¡¢»ù½ðת»»·ÑµÈ£©£¬¼ÆÈë·ÑÓúóʵ¼ÊÊÕÒæˮƽҪµÍÓÚËùÁÐÊý×Ö¡£
2¡¢±¾ÆÚÒÑʵÏÖÊÕÒæÖ¸»ù½ð±¾ÆÚÀûÏ¢ÊÕÈ롢Ͷ×ÊÊÕÒæ¡¢ÆäËûÊÕÈ루²»º¬¹«ÔʼÛÖµ±ä¶¯ÊÕÒ棩¿Û³ýÏà¹Ø·ÑÓúóµÄÓà¶î£¬±¾ÆÚÀûÈóΪ±¾ÆÚÒÑʵÏÖÊÕÒæ¼ÓÉϱ¾ÆÚ¹«ÔʼÛÖµ±ä¶¯ÊÕÒæ¡£
3¡¢ÆÚÄ©¿É¹©·ÖÅäÀûÈó²ÉÓÃÆÚÄ©×ʲú¸ºÕ®±íÖÐδ·ÖÅäÀûÈóÓëδ·ÖÅäÀûÈóÖÐÒÑʵÏÖ²¿·ÖµÄÊëµÍÊý£¨ÎªÆÚÄ©Óà¶î£¬²»Êǵ±ÆÚ·¢ÉúÊý£©¡£
4¡¢±¾»ù½ðÓÚ2016Äê9ÔÂ22ÈÕ³ÉÁ¢¡£½ØÖ¹±¾±¨¸æÆÚÄ©£¬±¾»ù½ð³ÉÁ¢²»×ãÒ»Äê¡£
5¡¢ºÏͬÉúЧÈÕµ±ÄêµÄÖ÷Òª»á¼ÆÊý¾ÝºÍ²ÆÎñÖ¸±ê°´Êµ¼Ê´æÐøÆÚ¼ÆË㣬²»°´Õû¸ö×ÔÈ»Äê¶È½øÐÐÕÛËã¡£
3.2 »ù½ð¾»Öµ±íÏÖ
3.2.1 »ù½ð·Ý¶î¾»ÖµÔö³¤Âʼ°ÆäÓëͬÆÚÒµ¼¨±È½Ï»ù×¼ÊÕÒæÂʵıȽÏ
1£®»ª°²Ð²Ƹ»»ìºÏA£º
½×¶Î
·Ý¶î¾»ÖµÔö³¤ÂÊ¢Ù
·Ý¶î¾»ÖµÔö³¤Âʱê×¼²î¢Ú
Òµ¼¨±È½Ï»ù×¼ÊÕÒæÂÊ¢Û
Òµ¼¨±È½Ï»ù×¼ÊÕÒæÂʱê×¼²î¢Ü
¢Ù£¢Û
¢Ú£¢Ü
¹ýÈ¥3¸öÔÂ
-0.30%
0.08%
1.99%
0.49%
-2.29%
-0.41%
×Ô»ù½ð³ÉÁ¢ÆðÖÁ½ñ
-0.30%
0.07%
1.78%
0.48%
-2.08%
-0.41%
×¢£º±¾»ù½ðÒµ¼¨±È½Ï»ù×¼£º40%¡ÁÉÏÖ¤50Ö¸ÊýÊÕÒæÂÊ£«60%¡ÁÖйúծȯ×ÜÖ¸ÊýÊÕÒæÂÊ
±¾»ù½ðµÄͶ×Ê·¶Î§Îª¾ßÓÐÁ¼ºÃÁ÷¶¯ÐԵĽðÈÚ¹¤¾ß£¬°üÀ¨¹úÄÚÒÀ·¨·¢ÐÐÉÏÊеĹÉƱ£¨°üÀ¨ÖÐС°å¡¢´´Òµ°å¼°ÆäËû¾ÖйúÖ¤¼à»áºË×¼ÉÏÊеĹÉƱ£©¡¢È¨Ö¤¡¢¹ÉÖ¸ÆÚ»õµÈȨÒæÀà½ðÈÚ¹¤¾ß£¬Õ®È¯µÈ¹Ì¶¨ÊÕÒæÀà½ðÈÚ¹¤¾ß£¨°üÀ¨¹úÕ®¡¢ÑëÐÐƱ¾Ý¡¢½ðÈÚÕ®¡¢ÆóÒµÕ®¡¢¹«Ë¾Õ®¡¢´Î¼¶Õ®¡¢ÖÐСÆóҵ˽ļծ¡¢µØ·½Õþ¸®Õ®È¯¡¢ÖÐÆÚƱ¾Ý¡¢¿Éת»»Õ®È¯£¨º¬·ÖÀë½»Ò׿Éתծ£©¡¢¶ÌÆÚÈÚ×Êȯ¡¢×ʲúÖ§³Ö֤ȯ¡¢Õ®È¯»Ø¹º¡¢ÒøÐдæ¿îµÈ£©ÒÔ¼°·¨ÂÉ·¨¹æ»òÖйúÖ¤¼à»áÔÊÐí»ù½ðͶ×ʵÄÆäËû½ðÈÚ¹¤¾ß(µ«Ðë·ûºÏÖйúÖ¤¼à»áÏà¹Ø¹æ¶¨)¡£
±¾»ù½ð×éºÏͶ×ʱÈÀýΪ£º¹ÉƱռ»ù½ð×ʲúµÄ±ÈÀýΪ0-95%£»Ã¿¸ö½»Ò×ÈÕÈÕÖÕÔÚ¿Û³ý¹ÉÖ¸ÆÚ»õºÏÔ¼Ðè½ÉÄɵĽ»Ò×±£Ö¤½ðºó£¬Ó¦µ±±£³ÖÏÖ½ð»òÕßµ½ÆÚÈÕÔÚÒ»ÄêÒÔÄÚµÄÕþ¸®Õ®È¯²»µÍÓÚ»ù½ð×ʲú¾»ÖµµÄ5%¡£
2£®»ª°²Ð²Ƹ»»ìºÏC£º
½×¶Î
·Ý¶î¾»ÖµÔö³¤ÂÊ¢Ù
·Ý¶î¾»ÖµÔö³¤Âʱê×¼²î¢Ú
Òµ¼¨±È½Ï»ù×¼ÊÕÒæÂÊ¢Û
Òµ¼¨±È½Ï»ù×¼ÊÕÒæÂʱê×¼²î¢Ü
¢Ù£¢Û
¢Ú£¢Ü
¹ýÈ¥3¸öÔÂ
-0.40%
0.07%
1.99%
0.49%
-2.39%
-0.42%
×Ô»ù½ð³ÉÁ¢ÆðÖÁ½ñ
-0.40%
0.07%
1.78%
0.48%
-2.18%
-0.41%
3.2.2×Ô»ù½ðºÏͬÉúЧÒÔÀ´»ù½ð·Ý¶îÀۼƾ»ÖµÔö³¤Âʱ䶯¼°ÆäÓëͬÆÚÒµ¼¨±È½Ï»ù×¼ÊÕÒæÂʱ䶯µÄ±È½Ï
»ª°²Ð²Ƹ»Áé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð
×Ô»ù½ðºÏͬÉúЧÒÔÀ´·Ý¶îÀۼƾ»ÖµÔö³¤ÂÊÓëÒµ¼¨±È½Ï»ù×¼ÊÕÒæÂʵÄÀúÊ·×ßÊƶԱÈͼ
(2016Äê9ÔÂ22ÈÕÖÁ2016Äê12ÔÂ31ÈÕ)
1¡¢»ª°²Ð²Ƹ»»ìºÏA
/
2¡¢»ª°²Ð²Ƹ»»ìºÏC
/
3.2.3 ×Ô»ù½ðºÏͬÉúЧÒÔÀ´»ù½ðÿÄê¾»ÖµÔö³¤Âʼ°ÆäÓëͬÆÚÒµ¼¨±È½Ï»ù×¼ÊÕÒæÂʵıȽÏ
»ª°²Ð²Ƹ»Áé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð
×Ô»ù½ðºÏͬÉúЧÒÔÀ´¾»ÖµÔö³¤ÂÊÓëÒµ¼¨±È½Ï»ù×¼ÊÕÒæÂʵÄÖùÐζԱÈͼ
1¡¢»ª°²Ð²Ƹ»»ìºÏA
/
2¡¢»ª°²Ð²Ƹ»»ìºÏC
/
3.3 ¹ýÈ¥ÈýÄê»ù½ðµÄÀûÈó·ÖÅäÇé¿ö
±¾»ù½ð¹ýÈ¥ÈýÄêûÓÐÀûÈó·ÖÅä¡£
¡ì4 ¹ÜÀíÈ˱¨¸æ
4.1 »ù½ð¹ÜÀíÈ˼°»ù½ð¾ÀíÇé¿ö
4.1.1 »ù½ð¹ÜÀíÈ˼°Æä¹ÜÀí»ù½ðµÄ¾Ñé
»ª°²»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾¾ÖйúÖ¤¼à»áÖ¤¼à»ù½ð×Ö[1998]20ºÅÎÄÅú×¼ÓÚ1998Äê6ÔÂÉèÁ¢£¬ÊǹúÄÚÊ×Åú»ù½ð¹ÜÀí¹«Ë¾Ö®Ò»£¬×¢²á×ʱ¾1.5ÒÚÔªÈËÃñ±Ò£¬¹«Ë¾×ܲ¿ÉèÔÚÉϺ£Â½¼Ò×ì½ðÈÚóÒ×Çø¡£Ä¿Ç°µÄ¹É¶«ÎªÉϺ£µçÆø£¨¼¯ÍÅ£©×ܹ«Ë¾¡¢ÉϺ£¹ú¼ÊÐÅÍÐÓÐÏÞ¹«Ë¾¡¢ÉϺ£¹¤ÒµÍ¶×Ê£¨¼¯ÍÅ£©ÓÐÏÞ¹«Ë¾¡¢ÉϺ£½õ½¹ú¼ÊͶ×ʹÜÀíÓÐÏÞ¹«Ë¾ºÍ¹úÌ©¾ý°²Í¶×ʹÜÀí¹É·ÝÓÐÏÞ¹«Ë¾¡£
½ØÖÁ2016Äê12ÔÂ31ÈÕ£¬¹«Ë¾ÆìϹ²¹ÜÀí»ª°²´´Ð»ìºÏ¡¢»ª°²ÖйúA¹ÉÔöÇ¿Ö¸Êý¡¢»ª°²ÏÖ½ð¸»Àû»õ±Ò¡¢»ª°²±¦ÀûÅäÖûìºÏ¡¢»ª°²ºêÀû»ìºÏ¡¢»ª°²ÖÐСÅ̳ɳ¤»ìºÏ¡¢»ª°²²ßÂÔÓÅÑ¡»ìºÏ¡¢»ª°²ºËÐÄÓÅÑ¡»ìºÏ¡¢»ª°²Îȶ¨ÊÕÒæծȯ¡¢»ª°²¶¯Ì¬Áé»î»ìºÏ¡¢»ª°²Ç¿»¯ÊÕÒæծȯ¡¢»ª°²ÐÐÒµÂÖ¶¯»ìºÏ¡¢»ª°²ÉÏÖ¤180ETF¡¢»ª°²ÉÏÖ¤180ETFÁª½Ó¡¢»ª°²ÉÏÖ¤ÁúÍ·ETF¡¢»ª°²ÉÏÖ¤ÁúÍ·ETFÁª½Ó¡¢»ª°²Éý¼¶Ö÷Ìâ»ìºÏ¡¢»ª°²ÎȹÌÊÕÒæծȯ¡¢»ª°²¿Éתծ¡¢»ª°²ÉîÖ¤300Ö¸Êý£¨LOF£©¡¢»ª°²¿Æ¼¼¶¯Á¦»ìºÏ¡¢»ª°²ÐÅÓÃËļ¾ºìծȯ¡¢»ª°²Ïã¸Û¾«Ñ¡¹ÉƱ¡¢»ª°²´óÖлªÉý¼¶¹ÉƱ¡¢»ª°²±êÆÕʯÓÍÖ¸Êý»ù½ð£¨QDII-LOF£©¡¢»ª°²ÔÂÔÂöζÌÆÚÀí²Æծȯ¡¢»ª°²¼¾¼¾öζÌÆÚÀí²Æծȯ¡¢»ª°²Ô°²öζÌÆÚÀí²Æծȯ¡¢»ª°²»¦Éî300Ö¸Êý·Ö¼¶¡¢»ª°²ÄæÏò²ßÂÔ»ìºÏ¡¢»ª°²ÈÕÈÕöλõ±Ò¡¢»ª°²°²ÐÄÊÕÒæծȯ¡¢»ª°²ÐÅÓÃÔöǿծȯ¡¢»ª°²´¿Õ®¡¢»ª°²±£±¾»ìºÏ¡¢»ª°²Ë«Õ®ÌíÀûծȯ¡¢»ª°²°²ÐÅÏû·Ñ»ìºÏ¡¢»ª°²ÄÉ˹´ï¿Ë100Ö¸Êý¡¢»ª°²»Æ½ðÒ×ETF¡¢»ª°²»Æ½ðETFÁª½Ó¡¢»ª°²»¦Éî300Á¿»¯ÔöÇ¿¡¢»ª°²ÄêÄêºìծȯ¡¢»ª°²Éú̬ÓÅÏÈ»ìºÏ¡¢»ª°²ÖÐ֤ϸ·ÖÒ½Ò©ETF¡¢»ª°²´ó¹úо¼Ã¹ÉƱ¡¢»ª°²Ð»îÁ¦»ìºÏ¡¢»ª°²°²Ë³Áé»îÅäÖûìºÏ¡¢»ª°²»ã²Æͨ»õ±Ò¡¢»ª°²¹ú¼ÊÁúÍ·£¨DAX£©ETF¡¢»ª°²¹ú¼ÊÁúÍ·£¨DAX£©ETFÁª½Ó¡¢»ª°²ÖÐ֤ϸ·ÖÒ½Ò©ETFÁª½Ó¡¢»ª°²°²ÏíÁé»îÅäÖûìºÏ¡¢»ª°²ÄêÄêÓ¯¶¨ÆÚ¿ª·Åծȯ¡¢»ª°²ÎïÁªÍøÖ÷Ìâ¹ÉƱ¡¢»ª°²ÐÂ˿·Ö÷Ìâ¹ÉƱ¡¢»ª°²Ð¶¯Á¦Áé»îÅäÖûìºÏ¡¢»ª°²ÖÇÄÜ×°±¸Ö÷Ìâ¹ÉƱ¡¢»ª°²Ã½Ì廥ÁªÍø»ìºÏ¡¢»ª°²Ð»úÓö±£±¾»ìºÏ¡¢»ª°²ÐÂÓÅÑ¡Áé»îÅäÖûìºÏ¡¢»ª°²Ð»ر¨Áé»îÅäÖûìºÏ¡¢»ª°²ÖÐ֤ȫָ֤ȯָÊý·Ö¼¶¡¢»ª°²ÖÐÖ¤ÒøÐÐÖ¸Êý·Ö¼¶¡¢»ª°²¹úÆó¸Ä¸ïÖ÷Ìâ»ìºÏ¡¢»ª°²ÌíÒÃÑøÀÏ»ìºÏ·¢Æðʽ¡¢»ª°²´´Òµ°å50Ö¸Êý·Ö¼¶¡¢»ª°²ÐÂÀÖÏí±£±¾»ìºÏ¡¢»ª°²°²Òæ±£±¾»ìºÏ¡¢»ª°²Àֻݱ£±¾»ìºÏ¡¢»ª°²°²¿µ±£±¾»ìºÏ¡¢»ª°²°²»ª±£±¾»ìºÏ¡¢»ª°²»¦¸ÛÉîÍâÑÓÔö³¤»ìºÏ¡¢»ª°²È«ÇòÃÀÔªÊÕÒæծȯ¡¢»ª°²°²ìû±£±¾»ìºÏ¡¢»ª°²È«ÇòÃÀԪƱϢծȯ¡¢»ª°²´´Òµ°å50ETF¡¢»ª°²°²½ø±£±¾»ìºÏ·¢Æðʽ¡¢»ª°²¾ÛÀû18¸öÔ¶¨¿ªÕ®¡¢»ª°²ÖÇÔö¾«Ñ¡Áé»îÅäÖûìºÏ¡¢»ª°²Ð²Ƹ»Áé»îÅäÖûìºÏ¡¢»ª°²°²ÈóÁé»îÅäÖûìºÏ¡¢»ª°²î£Ïí¶¨¿ª»ìºÏ·¢Æðʽ¡¢»ª°²ÐÂÏ£ÍûÁé»îÅäÖûìºÏ¡¢»ª°²¶¦·áծȯ·¢Æðʽ¡¢»ª°²ÐÂÈðÀûÁé»îÅäÖûìºÏ¡¢»ª°²ÐÂÌ©ÀûÁé»îÅäÖûìºÏ¡¢»ª°²ÐºãÀûÁé»îÅäÖûìºÏ¡¢»ª°²Ê¼þÇý¶¯Á¿»¯²ßÂÔ»ìºÏ¡¢»ª°²Ð·áÀûÁé»îÅäÖûìºÏµÈ89Ö»¿ª·Åʽ»ù½ð¡£¹ÜÀí×ʲú¹æÄ£´ïµ½1632.85ÒÚÔªÈËÃñ±Ò¡£
4.1.2 »ù½ð¾Àí£¨»ò»ù½ð¾ÀíС×飩¼°»ù½ð¾ÀíÖúÀíµÄ¼ò½é
ÐÕÃû
Ö°Îñ
Èα¾»ù½ðµÄ»ù½ð¾Àí£¨ÖúÀí£©ÆÚÏÞ
֤ȯ´ÓÒµÄêÏÞ
˵Ã÷
ÈÎÖ°ÈÕÆÚ
ÀëÈÎÈÕÆÚ
Öì²ÅÃô
±¾»ù½ðµÄ»ù½ð¾Àí
2016-09-22
-
9Äê
½ðÈÚ¹¤³Ì˶ʿ£¬¾ßÓлù½ð´ÓÒµ×ʸñÖ¤Ê飬9Äê»ù½ðÐÐÒµ´ÓÒµ¾Àú¡£2007Äê7ÔÂÓ¦½ìÉú±ÏÒµ½øÈ뻪°²»ù½ð£¬ÀúÈνðÈÚ¹¤³Ì²¿·çÏÕ¹ÜÀíÔ±¡¢²úÆ·¾Àí¡¢¹Ì¶¨ÊÕÒ沿Ñо¿Ô±¡¢»ù½ð¾ÀíÖúÀíµÈÖ°Îñ¡£2014Äê11ÔÂÆðͬʱµ£Èλª°²ÔÂÔÂöζÌÆÚÀí²ÆծȯÐÍ֤ȯͶ×Ê»ù½ð¡¢»ª°²»ã²Æͨ»õ±ÒÊг¡»ù½ð¡¢»ª°²¼¾¼¾öζÌÆÚÀí²ÆծȯÐÍ֤ȯͶ×Ê»ù½ð¡¢»ª°²Ë«Õ®ÌíÀûծȯÐÍ֤ȯͶ×Ê»ù½ð¡¢»ª°²Ô°²öζÌÆÚÀí²ÆծȯÐÍ֤ȯͶ×Ê»ù½ðµÄ»ù½ð¾Àí¡£2015Äê5ÔÂÆðͬʱµ£Èα¾»ù½ðµÄ»ù½ð¾Àí¡£2016Äê4ÔÂÆð£¬Í¬Ê±µ£Èλª°²°²ìû±£±¾»ìºÏÐÍ֤ȯͶ×Ê»ù½ðµÄ»ù½ð¾Àí¡£2016Äê9ÔÂÆð£¬Í¬Ê±µ£Èα¾»ù½ðµÄ»ù½ð¾Àí¡£2016Äê11ÔÂÆð£¬Í¬Ê±µ£Èλª°²ÐÂÏ£ÍûÁé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ðµÄ»ù½ð¾Àí£»2016Äê12ÔÂÆð£¬Í¬Ê±µ£Èλª°²ÐÂÌ©ÀûÁé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ðµÄ»ù½ð¾Àí¡£
ËÕÓñƽ
±¾»ù½ðµÄ»ù½ð¾Àí
2016-09-22
-
19Äê
»õ±ÒÒøÐÐ˶ʿ£¬19Äê֤ȯ¡¢»ù½ðÐÐÒµ´ÓÒµ¾Àú¡£ÔøÈκ£Í¨Ö¤È¯ÓÐÏÞÔðÈι«Ë¾Í¶×ÊÒøÐв¿ÏîÄ¿¾Àí£»½»Í¨ÒøÐÐÍйܲ¿Äڿؼà²ìºÍÊг¡ÍØÕ¹²¿¾Àí;Öе°²Áª±£ÏÕÓÐÏÞ¹«Ë¾Í¶×ʲ¿²¿ÃžÀí£»¹úÁª°²»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾»ù½ð¾Àí¡£2011Äê2Ô¼ÓÈ뻪°²»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾¡£2011Äê7ÔÂÆðµ£Èλª°²Ç¿»¯ÊÕÒæծȯÐÍ֤ȯͶ×Ê»ù½ðµÄ»ù½ð¾Àí£»2011Äê12ÔÂÆðͬʱµ£Èλª°²ÐÅÓÃËļ¾ºìծȯÐÍ֤ȯͶ×Ê»ù½ðµÄ»ù½ð¾Àí£»2013Äê2ÔÂÆðµ£Èλª°²´¿Õ®Õ®È¯ÐÍ·¢Æðʽ֤ȯͶ×Ê»ù½ðµÄ»ù½ð¾Àí¡£2013Äê11ÔÂÆðͬʱµ£Èλª°²ÄêÄêºì¶¨ÆÚ¿ª·ÅծȯÐÍ֤ȯͶ×Ê»ù½ðµÄ»ù½ð¾Àí¡£2014Äê4ÔÂÆðͬʱµ£Èα¾»ù½ðµÄ»ù½ð¾Àí¡£2015Äê1ÔÂÆðµ£Èλª°²°²ÏíÁé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ðµÄ»ù½ð¾Àí¡£2016Äê9ÔÂÆð£¬Í¬Ê±µ£Èα¾»ù½ðµÄ»ù½ð¾Àí¡£
×¢£º´Ë´¦µÄÈÎÖ°ÈÕÆÚºÍÀëÈÎÈÕÆÚ¾ùÖ¸¹«Ë¾×÷³ö¾ö¶¨Ö®ÈÕ£¬¼´ÒÔ¹«¸æÈÕΪ׼¡£Ö¤È¯´ÓÒµµÄº¬Òå×ñ´ÓÐÐҵлᡶ֤ȯҵ´ÓÒµÈËÔ±×ʸñ¹ÜÀí°ì·¨¡·µÄÏà¹Ø¹æ¶¨¡£
4.2 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ±¾»ù½ðÔË×÷×ñ¹æÊØÐÅÇé¿öµÄ˵Ã÷
±¾±¨¸æÆÚÄÚ£¬±¾»ù½ð¹ÜÀíÈËÑϸñ×ñÊØ¡¶Ö¤È¯Í¶×Ê»ù½ð·¨¡·µÈÓйط¨ÂÉ·¨¹æ¼°»ù½ðºÏͬ¡¢ÕÐļ˵Ã÷ÊéµÈÓйػù½ð·¨ÂÉÎļþµÄ¹æ¶¨£¬±¾×ųÏʵÐÅÓá¢ÇÚÃ㾡ÔðµÄÔÔò¹ÜÀíºÍÔËÓûù½ð×ʲú£¬ÔÚ¿ØÖÆ·çÏÕµÄÇ°ÌáÏ£¬Îª»ù½ð·Ý¶î³ÖÓÐÈËıÇó×î´óÀûÒ棬²»´æÔÚÎ¥·¨Î¥¹æ»òδÂÄÐлù½ðºÏͬ³ÐŵµÄÇéÐΡ£
4.3 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ¹«Æ½½»Ò×Çé¿öµÄרÏî˵Ã÷
4.3.1 ¹«Æ½½»Ò×ÖƶȺͿØÖÆ·½·¨
¸ù¾ÝÖйúÖ¤¼à»á¡¶Ö¤È¯Í¶×Ê»ù½ð¹ÜÀí¹«Ë¾¹«Æ½½»Ò×ÖƶÈÖ¸µ¼Òâ¼û¡·£¬¹«Ë¾Öƶ¨ÁË¡¶»ª°²»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾¹«Æ½½»Ò×¹ÜÀíÖƶȡ·£¬½«·â±Õʽ»ù½ð¡¢¿ª·Åʽ»ù½ð¡¢Ìض¨¿Í»§×ʲú¹ÜÀí×éºÏ¼°ÆäËûͶ×Ê×éºÏ×ʲúÔÚÑо¿·ÖÎö¡¢Í¶×ʾö²ß¡¢½»Ò×Ö´Ðеȷ½ÃæÈ«²¿ÄÉÈ빫ƽ½»Ò×¹ÜÀíÖС£¿ØÖÆ´ëÊ©°üÀ¨£ºÔÚÑо¿»·½Ú£¬Ñо¿Ô±ÔÚΪ¹«Ë¾¹ÜÀíµÄ¸÷ÀàͶ×Ê×éºÏÌṩÑо¿ÐÅÏ¢¡¢Í¶×ʽ¨Òé¹ý³ÌÖУ¬Ê¹Óó¿»á·¢ÑÔ¡¢Óʼþ·¢ËÍ¡¢µÇ¼ÔÚÑо¿±¨¸æ¹ÜÀíϵͳÖеȷ½Ê½À´È·±£¸÷ÀàͶ×Ê×éºÏ¾Àí¿ÉÒÔ¹«Æ½ÏíÓÐÐÅÏ¢»ñÈ¡»ú»á¡£ÔÚͶ×Ê»·½Ú£¬¹«Ë¾¸÷Ͷ×Ê×éºÏ¾Àí¸ù¾ÝͶ×Ê×éºÏµÄ·ç¸ñºÍͶ×ʲßÂÔ£¬Öƶ¨²¢ÑϸñÖ´Ðн»Ò×¾ö²ß¹æÔò£¬ÒÔ±£Ö¤¸÷Ͷ×Ê×éºÏ½»Ò×¾ö²ßµÄ¿Í¹ÛÐԺͶÀÁ¢ÐÔ¡£Í¬Ê±ÑϸñÖ´ÐÐͶ×ʾö²ßίԱ»á¡¢Í¶×Ê×ܼࡢͶ×Ê×éºÏ¾ÀíµÈ¸÷Ͷ×ʾö²ßÖ÷ÌåÊÚȨ»úÖÆ£¬Í¶×Ê×éºÏ¾ÀíÔÚÊÚȨ·¶Î§ÄÚ×ÔÖ÷¾ö²ß£¬³¬¹ýͶ×ÊȨÏ޵IJÙ×÷ÐèÒª¾¹ýÑϸñµÄÉóÅú³ÌÐò¡£ÔÚ½»Ò×»·½Ú£¬¹«Ë¾ÊµÐÐÇ¿Öƹ«Æ½½»Ò×»úÖÆ£¬È·±£¸÷Ͷ×Ê×éºÏÏíÓй«Æ½µÄ½»Ò×Ö´Ðлú»á¡££¨1£© ½»Ò×Ëù¶þ¼¶Êг¡ÒµÎñ£¬×ñѼ۸ñÓÅÏÈ¡¢Ê±¼äÓÅÏÈ¡¢±ÈÀý·ÖÅä¡¢×ÛºÏƽºâµÄ¿ØÖÆÔÔò£¬ÊµÏÖͬһʱ¼äÏ´ïÖ¸ÁîµÄͶ×Ê×éºÏÔÚ½»Ò×ʱ»úÉϵĹ«Æ½ÐÔ¡££¨2£© ½»Ò×ËùÒ»¼¶Êг¡ÒµÎñ£¬Í¶×Ê×éºÏ¾Àí°´ÒâÔ¸¶ÀÁ¢½øÐÐÒµÎñÉ걨£¬¼¯Öн»Òײ¿ÒÔͶ×Ê×éºÏÃûÒå¶ÔÍâ½øÐÐÉ걨¡£Èô¸ÃÒµÎñÒÔ¹«Ë¾ÃûÒå½øÐÐÉ걨ÓëÖÐÇ©£¬Ôò°´Êµ¼ÊÖÐÇ©Çé¿öÒÔ¼Û¸ñÓÅÏÈ¡¢±ÈÀý·ÖÅäÔÔò½øÐзÖÅä¡£ÈôÖÐÇ©Á¿¹ýСÎÞ·¨ºÏÀí½øÐбÈÀý·ÖÅ䣬ÇÒÒÔ¹«Ë¾ÃûÒå»ñµÃ£¬ÔòͶ×ʲ¿ÃÅÔںϹæ¼à²ìÔ±¼à¶½²ÎÓëÏ£¬½øÐй«Æ½ÐÉÌ·ÖÅä¡££¨3£© ÒøÐмäÊг¡ÒµÎñ×ñÑÖ¸Áîʱ¼äÓÅÏÈÔÔò£¬Ïȵ½ÏÈѯ¼ÛµÄ¿ØÖÆÔÔò¡£Í¨¹ýÄÚ²¿¹²Í¬µÄiwindȺ£¬·¢²¼Ñ¯¼ÛÐèÇóºÍ½á¹û£¬×öµ½ÐÅÏ¢¹«¿ª¡£ÈôÊǶà¸öͶ×Ê×éºÏ½øÐÐÒ»¼¶Êг¡Í¶±ê£¬Ôò¸÷Ͷ×Ê×éºÏ¾ÀíÐëÒÔ¸÷Ͷ×Ê×éºÏÃûÒåÏò¼¯Öн»Òײ¿Ï´ïͶ×ÊÒâÏò£¬½»Ò×Ô±ÒԴ˽øÐÐͶ±ê£¬ÒÔÈ·±£ÖÐÇ©½á¹ûÓëͶ×Ê×éºÏͶ±êÒâÏòÒ»Ò»¶ÔÓ¦¡£ÈôÖÐÇ©Á¿¹ýСÎÞ·¨ºÏÀí½øÐбÈÀý·ÖÅ䣬ÇÒÒÔ¹«Ë¾ÃûÒå»ñµÃ£¬ÔòͶ×ʲ¿ÃÅÔÚ·çÏÕ¹ÜÀí²¿Í¶×ʼල²ÎÓëÏ£¬½øÐй«Æ½ÐÉÌ·ÖÅä¡£½»Ò×¼à¿Ø¡¢·ÖÎöÓëÆÀ¹À»·½Ú£¬¹«Ë¾·çÏÕ¹ÜÀí²¿¶Ô¹«Ë¾Æìϵĸ÷Ͷ×Ê×éºÏͶ×ʾ³ÄÚ֤ȯÊг¡ÉÏÊн»Ò×µÄͶ×ÊÆ·ÖÖ¡¢½øÐг¡ÍâµÄ·Ç¹«¿ª·¢ÐйÉƱÉ깺¡¢ÒÔ¹«Ë¾ÃûÒå½øÐеÄծȯһ¼¶Êг¡É깺¡¢²»Í¬Í¶×Ê×éºÏͬÈÕºÍÁÙ½ü½»Ò×Èյķ´Ïò½»Ò×ÒÔ¼°¿ÉÄܵ¼Ö²»¹«Æ½½»Ò׺ÍÀûÒæÊäË͵ÄÒì³£½»Ò×ÐÐΪ½øÐмà¿Ø£¬¸ù¾ÝÊг¡¹«ÈϵĵÚÈý·½ÐÅÏ¢£¨È磺ÖÐÕ®µÇµÄծȯ¹ÀÖµ£©£¬¶¨ÆÚ¶Ô¸÷Ͷ×Ê×éºÏÓë½»Ò׶ÔÊÖÖ®¼äÒé¼Û½»Ò׵Ľ»Ò×¼Û¸ñ¹«ÔÊÐÔ½øÐÐÉó²é£¬¶Ô²»Í¬Í¶×Ê×éºÏÁÙ½ü½»Ò×ÈÕµÄͬÏò½»Ò׵Ľ»Ò×ʱ»úºÍ½»Ò×¼Û²î½øÐзÖÎö¡£
4.3.2 ¹«Æ½½»Ò×ÖƶȵÄÖ´ÐÐÇé¿ö
±¾±¨¸æÆÚÄÚ£¬¹«Ë¾¹«Æ½½»Ò×ÖƶÈ×ÜÌåÖ´ÐÐÇé¿öÁ¼ºÃ¡£
±¾»ù½ð¹ÜÀíÈËͨ¹ýͳ¼Æ¼ìÑéµÄ·½·¨¶Ô¹ÜÀíµÄ²»Í¬Í¶×Ê×éºÏ£¬ÔÚ²»Í¬Ê±¼ä´°Ï£¨ÈÕÄÚ¡¢3ÈÕÄÚ¡¢5ÈÕÄÚ£©µÄ±¾Äê¶ÈͬÏò½»Ò×¼Û²î½øÐÐÁËרÏî·ÖÎö£¬Î´·¢ÏÖÎ¥·´¹«Æ½½»Ò×ÔÔòµÄÒì³£Çé¿ö¡£
4.3.3 Òì³£½»Ò×ÐÐΪµÄרÏî˵Ã÷
¸ù¾ÝÖйúÖ¤¼à»á¡¶Ö¤È¯Í¶×Ê»ù½ð¹ÜÀí¹«Ë¾¹«Æ½½»Ò×ÖƶÈÖ¸µ¼Òâ¼û¡·£¬¹«Ë¾ºÏ¹æ¼à²ì»üºË²¿»áͬ»ù½ðͶ×Ê¡¢½»Òײ¿ÃÅÌÖÂÛÖƶ¨Á˹«Ä¼»ù½ð¡¢×¨»§Õë¶Ô¹ÉƱ¡¢Õ®È¯¡¢»Ø¹ºµÈͶ×ÊÆ·ÖÖÔÚ½»Ò×Ëù¼°ÒøÐмäµÄͬÈÕ·´Ïò½»Ò׿ØÖƹæÔò£¬²¢ÔÚͶ×ÊϵͳÖнøÐÐÁËÉèÖã¬ÊµÏÖÁËÍêÈ«µÄϵͳ¿ØÖÆ¡£Í¬Ê±¼ÓÇ¿Á˶Իù½ð¡¢×¨»§¼äµÄͬÈÕ·´Ïò½»Ò׵ļà¿ØÓë¸ôÈÕ·´Ïò½»Ò׵ļì²é£»·çÏÕ¹ÜÀí²¿¿ª·¢ÁËͬÏò½»Ò×·ÖÎöϵͳ£¬¶ÔÏà¹ØͬÏò½»Ò×Ö¸±ê½øÐгÖÐø¼à¿Ø£¬²¢¶¨ÆÚ¶Ô×éºÏ¼äµÄͬÏò½»Ò×ÐÐΪ½øÐÐÁËÖصã·ÖÎö¡£
±¾±¨¸æÆÚÄÚ£¬Òò×éºÏÁ÷¶¯ÐÔ¹ÜÀí»òͶ×ʲßÂÔµ÷ÕûÐèÒª£¬³ýÖ¸Êý»ù½ðÒÔÍâµÄËùÓÐͶ×Ê×éºÏ²ÎÓëµÄ½»Ò×Ëù¹«¿ª¾º¼Û½»Ò×ÖУ¬Í¬ÈÕ·´Ïò½»Ò׳ɽ»½ÏÉٵĵ¥±ß½»Ò×Á¿³¬¹ý¸Ã֤ȯµ±Èճɽ»Á¿µÄ5%µÄ´ÎÊýΪ9´Î£¬Î´³öÏÖÒì³£½»Òס£
4.4 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ»ù½ðµÄͶ×ʲßÂÔºÍÒµ¼¨±íÏÖµÄ˵Ã÷
4.4.1±¨¸æÆÚÄÚ»ù½ðͶ×ʲßÂÔºÍÔË×÷·ÖÎö
Öйú¾¼Ã¼ÌÐø¿ªÊ¼³ÊÏÖ³öÖÜÆÚ¸´Ëյļ£Ïó£¬×ªÐÍ¡¢Éý¼¶µÄÇ÷ÊÆÒ²²»¶Ï·¢½Í£¬Í¨Ëõ̬ÊƲ»¶ÏÏû³ý£¬·¿µØ²úÁìÓò¹ýÈÈÊܵ½Õþ²ßѹÖÆ¡£
Öйú¾¼ÃÖÜÆÚ¸´ËÕµÄÖ÷ÒªÁ¦Á¿ÊDzúÄÜ¡¢¿â´æµ÷Õû»ù±¾µ½Î»¡£Ò»·½Ã棬³ÖÐøµÄ²»¾°Æøµ¼ÖÂÆóÒµ×Ô·¢È¥¿â´æ¡¢È¥²úÄÜ£»ÁíÒ»·½Ã棬»·±£Ô¼Êø²»¶Ï¼ÓÇ¿£¬Õþ¸®Í¨¹ýÌá¸ßÄܺġ¢¼¼Êõ±ê×¼£¬ÒÔ¼°Í¨¹ýÐÐÕþÊÖ¶ÎÈ¥²úÄÜ£¬Ò²Çý¶¯²úÄܵ÷Õû¼ÓËÙ¡£¶øÐèÇó·½ÃæÏà¶ÔƽÎÈ¡£¹©ÇóµÄ±ä»¯»ýÀÛµ½Ò»¶¨³Ì¶È£¬¹©Çóȱ¿Ú¿ªÊ¼Äæת£¬²¢±íÏÖΪ¹¤ÒµÆ·¼Û¸ñ»ØÉý¡¢ÀûÂÊ»ØÉý¡£
¹úÍâ·½Ã棬ŷÃÀ¾¼Ã¼ÌÐøκÍÔö³¤£¬È«ÇòÕþ²ß¿ò¼Ü´Ó»õ±ÒÕþ²ß¿ªÊ¼×ªÏò²ÆÕþÕþ²ß£¬´¨ÆÕµ±Ñ¡´Ì¼¤ÃÀ¹úͨÕÍÔ¤ÆÚ̧¸ß¡¢ÀûÂÊ»ØÉý
ÔÚÉÏÊöÒòËØ×÷ÓÃÏ£¬Õ®È¯Êг¡ÏÈÑïºóÒÖ£¬³¤¶ËÀûÂÊÕ®ÊÕÒæÂÊÔÚÉÏ°ëÄêÕðµ´ÉÏÐкó³ÖÐø»ØÂä²¢´´±¾ÂÖÅ£Êе͵㣬Êг¡²»¶ÏÅÝÄ»¯£¬Ëļ¾¶Èºó³Ê¿Ö»ÅÐÔµ÷Õû£¬ÐÅÓ÷çÏÕʼþÔÚ¶þ¼¾¶È¼¯Öб¬·¢£¬ÐÅÓÃÕ®Êг¡´ó·ùµ÷Õû£¬Èý¼¾¶ÈºóÔÚ¡°×ʲú»Ä¡±±³¾°ÏÂÐÅÓÃÕ®¼ÌÐøÊܵ½×·Åõ£¬ÊÕÒæÂÊ´ó·ùÏÂÐУ¬ÐÅÓÃÀû²î½øÒ»²½ÊÕÕ£¬Ö±ÖÁËļ¾¶ÈÔÚÕ®ÔÖºÍÁ÷¶¯ÐÔÊÕ½ôÓ°ÏìÏ´ó·ùµ÷Õû£»¹ÉƱÊг¡Õ·ùÕðµ´£¬¸ö¹É·Ö»¯Ã÷ÏÔ£¬Ò»Ð©´«Í³ÐÐÒµ¹ÉƱÉÏÕÇ£¬³É³¤¹ÉÕûÌå³Ðѹ£¬ÄêÄ©ÊÜ»õ±ÒÊг¡×ʽðÒì³£²¨¶¯Ó°Ïì½ðÈڹɳöÏÖϵø¡£
±¾»ù½ðÔÚ±¨¸æÆÚÄÚÏà¶Ô½÷É÷£¬¿ØÖÆÁËծȯ²Ö룬¶Ì¾ÃÆÚÅäÖã¬ÔÚծȯÊг¡´óµ÷ÕûÖÐϳ·ÓÐÏÞ¡£¹ÉƱҲÊʶȽ¨²Ö£¬Í¬Ê±»ý¼«²ÎÓëÁ˹ÉƱһ¼¶Êг¡É깺£¬Ôöºñ»ù½ðÒµ¼¨¡£
4.4.2±¨¸æÆÚÄÚ»ù½ðµÄÒµ¼¨±íÏÖ
½ØÖÁ2016Äê12ÔÂ31ÈÕ£¬»ª°²ÄêÄêÓ¯A·Ý¶î¾»ÖµÎª0.997Ôª£¬C·Ý¶î¾»ÖµÎª0.996Ôª£»»ª°²ÄêÄêÓ¯A·Ý¶î¾»ÖµÔö³¤ÂÊΪ-0.30%£¬Í¬ÆÚÒµ¼¨±È½Ï»ù×¼Ôö³¤ÂÊΪ1.78%¡£ C·Ý¶î¾»ÖµÔö³¤ÂÊΪ-0.40%£¬Í¬ÆÚÒµ¼¨±È½Ï»ù×¼Ôö³¤ÂÊΪ1.78%¡£
4.5 ¹ÜÀíÈ˶Ժê¹Û¾¼Ã¡¢Ö¤È¯Êг¡¼°ÐÐÒµ×ßÊƵļòÒªÕ¹Íû
ÎÒÃÇÈÏΪÖйú¾¼ÃÕýÔÚ½øÈëÒ»ÂÖ¾°Æø»ØÉýÖÜÆÚ¡£¹ýÈ¥¼¸Äê¾¼ÃÏÂÐн׶Σ¬ÔÚÊг¡ÌÔÌ»úÖƺÍÕþ¸®¼ÓÇ¿»·±£ÄܺÄË«Öؼ·Ñ¹Ï£¬´«Í³ÐÐÒµ¸ñ¾Ö³öÏÖÖØ´ó±ä»¯£¬ÕûÌåÓÐЧ²úÄܵõ½¿ØÖÆ£¬²úÆ·µÄ¼¯Öжȴó·ùÌá¸ß£¬²úÄܹýÊ£µÄѹÁ¦Öð²½Ïû³ý£¬¿â´æ±»Ñ¹ÖƵ½¼«µÍˮƽ¡£Ëæ×ÅÐèÇóÔöËÙÖð²½Æ½ÎÈÏÂÀ´¶ø²úÄÜÔöËÙ¼ÌÐø¹ßÐÔÏ»¬£¬±ß¼Ê²ú³öȱ¿ÚÒѾ¿ªÊ¼Äæת¡£ÕâÖÖÄæתÀ¶¯¹¤ÒµÆ·¼Û¸ñ´ó·ù»ØÉý¡¢¹¤ÒµÆóÒµÀûÈó´ó·ù»ØÉý¡£Ëæ×ÅÆóÒµÀûÈóµÄ»ØÉý£¬²¹¿â´æÄËÖÁÉ豸¿ªÖ§ÔٶȻîÔ¾£¬½«ÐγÉÕý·´À¡¡£
·¿µØ²úÊÇ·ñ»áÍÏÀÛ¾¼ÃÊÇÊг¡¹Ø×¢µÄÖص㡣ÎÒÃÇÈÏΪÖйú·¿µØ²úÊг¡µÄÅÝÄÊÇÌåÖÆÐÔ¡¢½á¹¹ÐԵģ¬Ëæ×ÅÕþ²ß¶Ô¡°·¿×ÓÊÇסµÄ¶ø²»Êdz´µÄ¡±Õâ¸ö¶¨Î»Ã÷È·£¬´ÓÐèÇóºÍ¹©¸ø¸÷·½Ãæ¼ÓÒÔµ÷¿Ø£¬ÎÒÃÇÈÏΪ·¿µØ²ú¶Ô¾¼ÃµÄÍÏÀÛ¿ÉÄܲ¢²»ÑÏÖØ¡£
ÖÐÃÀ¾¼Ã¹ØϵÊÇδÀ´²»È·¶¨ÐÔµÄÖØÒªÀ´Ô´¡£´¨ÆյĶԻªÕþ²ß»¹²»ÇåÎú£¬´æÔÚ¶Ô¿¹µÄ¿ÉÄÜ£¬ÐèÒªÃÜÇиú×Ù¡£ÁíÍ⣬ŷÖÞÖ÷Òª¹ú¼ÒµÄ´óÑ¡Ò²ÊÇ¿ÉÄܵġ°ºÚÌì¶ì¡±±¬·¢µØ¡£
×ܵÄÀ´Ëµ£¬ÎÒÃÇÈÏΪÖйú¾¼Ã½«¼ÌÐøÔÚÔöËÙ»ù±¾Æ½ÎÈ¡¢¹©ÇóÖð²½Æ½ºâ¡¢½á¹¹²»¶ÏÉý¼¶¡¢ÖƶÈÎȲ½±ä¸ïµÄ´ó¿ò¼ÜÏÂÔËÐС£ÏàÓ¦µØ£¬ÎÒÃÇÈÏΪÊг¡½«¼ÌÐø³ÊÏֽṹÐÔÐÐÇ飺´«Í³²úÒµÖеÄÓÅÊÆÆóÒµÔÚ²úÄÜÊÕËõ¡¢¼Û¸ñ»ØÉýÒÔ¼°»ý¼«½øÐвúÒµÕûºÏµÄÇý¶¯Ï£¬Ó¯Àû¼ÌÐø¸ÄÉÆ£»ÐÂÐËÐÐÒµÓÅÐ㹫˾½«¼ÌÐø±£³Ö¸ßÔö³¤£¬ÕâЩ¹«Ë¾µÄ¹ÉƱÈç¹û¹ÀÖµºÏÀí£¬Ôò¹É¼ÛÈÔÈ»¾ßÓÐÎȶ¨ÉÏÑïµÄÖÐÆÚÇ÷ÊÆ¡£Óë´Ëͬʱ£¬Ã»ÓкËÐľºÕùÁ¦¡¢²»ÊÊӦתÐ͵Ĵ«Í³ÐÐÒµ¹«Ë¾£¬ÒÔ¼°ÐÂÐËÐÐÒµÖоºÕùÁ¦²»×ã¡¢¹ÉƱ¹ÀÖµÅÝÄÈÔºÜÃ÷ÏԵĹ«Ë¾£¬½«Ëæ×Åʱ¼äµÄÁ÷ÊŶø±»Ö¤Î±£¬¹É¼ÛÕðµ´ÏÂÐС£
ÈËÃñ±Ò»ãÂÊÊÇδÀ´¹Ø×¢µÄ½ðÈÚÖ¸±ê½¹µã¡£ÈËÃñ±Ò»ãÂʺÎʱÆóÎÈ£¬¶ÔÓÚÎȶ¨½ðÈÚÊг¡µÄÔ¤Æڷdz£ÖØÒª¡£
±¾»ù½ð½«¿ØÖƹÉƱ²Ö룬×Ô϶øÉÏÑ¡¹ÉΪÖ÷£¬¹Ø×¢¹©¸ø²à¸Ä¸ï¡¢Õ®×ª¹ÉºÍ¹úÆó¸Ä¸ïµÈÖ÷ÌâÐÔͶ×Ê»ú»á£¬Í¬Ê±»ý¼«²ÎÓë¹ÉƱһ¼¶Êг¡É깺¡£
±¾»ù½ð½«±ü³ÐÎȽ¡¡¢×¨ÒµµÄͶ×ÊÀíÄÇÚÃ㾡ÔðµØά»¤³ÖÓÐÈ˵ÄÀûÒæ¡£
4.6 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ»ù½ð¹ÀÖµ³ÌÐòµÈÊÂÏîµÄ˵Ã÷
1¡¢¹ÀÖµÕþ²ß¼°ÖØ´ó±ä»¯
ÎÞ¡£
2¡¢¹ÀÖµÕþ²ßÖØ´ó±ä»¯¶Ô»ù½ð×ʲú¾»Öµ¼°µ±ÆÚËðÒæµÄÓ°Ïì
ÎÞ¡£
3¡¢ÓйزÎÓë¹ÀÖµÁ÷³Ì¸÷·½¼°ÈËÔ±µÄÖ°Ôð·Ö¹¤¡¢×¨ÒµÊ¤ÈÎÄÜÁ¦ºÍÏà¹Ø¹¤×÷¾ÀúµÄÃèÊö
£¨1£©¹«Ë¾·½Ãæ
¹«Ë¾½¨Á¢»ù½ð¹ÀֵίԱ»á£¬×é³ÉÈËÔ±°üÀ¨£º»ù½ðͶ×ʲ¿¼æÈ«ÇòͶ×ʲ¿¸ß¼¶×ܼࡢͶ×ÊÑо¿²¿¸ß¼¶×ܼࡢ¹Ì¶¨ÊÕÒ沿×ܼࡢָÊýͶ×ʲ¿¸ß¼¶×ܼࡢ»ù½ðÔËÓª²¿×ܾÀí¼°Ïà¹Ø¸ºÔðÈËÔ±¡£
Ö÷ÒªÖ°Ôð°üÀ¨£ºÖ¤È¯·¢Ðлú¹¹·¢ÉúÁËÑÏÖØÓ°Ïì֤ȯ¼Û¸ñµÄÖØ´óʼþʱ£¬¸ºÔðÆÀ¹ÀÖØ´óʼþ¶ÔͶ×ÊÆ·ÖÖ¼ÛÖµµÄÓ°Ïì³Ì¶È¡¢ÆÀ¹À¶Ô»ù½ð¹ÀÖµµÄÓ°Ïì³Ì¶È¡¢È·¶¨²ÉÓõĹÀÖµ·½·¨¡¢È·¶¨¸Ã֤ȯµÄ¹«ÔʼÛÖµ£»Í¬Ê±½«²ÉÓÃÈ·¶¨µÄ·½·¨ÒÔ¼°²ÉÓø÷½·¨¶ÔÏà¹Ø֤ȯ¹ÀÖµºóÓë»ù½ðµÄÍйÜÒøÐнøÐйµÍ¨¡£
Ïà¹ØÈËԱרҵʤÈÎÄÜÁ¦¼°¹¤×÷¾Àú:
ÎÌÆôÉ£¬»ù½ðͶ×ʲ¿¼æÈ«ÇòͶ×ʲ¿¸ß¼¶×ܼ࣬×ܾÀíÖúÀí£¬¹¤Òµ¹¤³Ìѧ˶ʿ¡£ÔøÔŲ́ÍåJP֤ȯÈνðÈÚ²úÒµ·ÖÎöʦ¼°Í¶×ʾÀí£¬Ì¨ÍåĦ¸ù¸»ÁÖÃ÷ͶÐÅͶ×ʹÜÀí²¿Èλù½ð¾Àí£¬Ì¨ÍåÖÐÐÅ֤ȯͶ×Ê×ܼàÖúÀí£¬Ì¨Íå±£µÂÐÅͶÐÅÈλù½ð¾Àí¡£2008Äê4Ô¼ÓÈ뻪°²»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾£¬ÏÖÈλª°²Ïã¸Û¾«Ñ¡¹ÉƱ¡¢»ª°²´óÖлªÉý¼¶¹ÉƱ¡¢»ª°²´ó¹úо¼Ã¹ÉƱ¡¢»ª°²ÎïÁªÍøÖ÷Ìâ¹ÉƱµÄ»ù½ð¾Àí£¬»ª°²»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾×ܾÀíÖúÀí¡¢»ù½ðͶ×ʲ¿¼æÈ«ÇòͶ×ʲ¿¸ß¼¶×ܼࡣ
ÑîÃ÷£¬Í¶×ÊÑо¿²¿¸ß¼¶×ܼ࣬Ñо¿ÉúѧÀú¡£ÔøÔÚÉϺ£ÒøÐдÓÊÂÐÅ´ûÔ±¡¢½»Ò×Ô±¼°·çÏÕ¹ÜÀí¡£2004Äê10Ô½øÈ뻪°²»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾£¬µ£ÈÎÑо¿·¢Õ¹²¿ºê¹ÛÑо¿Ô±£¬ÏÖÈλª°²²ßÂÔÓÅÑ¡»ìºÏ¡¢»ª°²»¦¸ÛÉîÍâÑÓÔö³¤»ìºÏ¡¢»ª°²°²ìû±£±¾µÄ»ù½ð¾Àí£¬Í¶×ÊÑо¿²¿¸ß¼¶×ܼࡣ
ºØÌΣ¬½ðÈÚѧ˶ʿ£¬¹Ì¶¨ÊÕÒ沿×ܼࡣÔøÈ㤳Ç֤ȯÓÐÏÞÔðÈι«Ë¾Õ®È¯Ñо¿Ô±£¬»ª°²»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾Õ®È¯Ñо¿Ô±¡¢Õ®È¯Í¶×Ê·çÏÕ¹ÜÀíÔ±¡¢¹Ì¶¨ÊÕÒæͶ×ʾÀí¡£ÏÖÈλª°²ÏÖ½ð¸»Àû»õ±Ò¡¢»ª°²Îȶ¨ÊÕÒæծȯ¡¢»ª°²¿Éתծ¡¢»ª°²ÔÂÔÂöζÌÆÚÀí²Æ¡¢»ª°²¼¾¼¾öζÌÆÚÀí²Æ¡¢»ª°²Ô°²öζÌÆÚÀí²Æ¡¢»ª°²ÐÅÓÃÔöǿծȯ¡¢»ª°²Ë«Õ®ÌíÀûծȯ¡¢»ª°²»ã²Æͨ»õ±Ò¡¢»ª°²ÄêÄêÓ¯¶¨ÆÚ¿ª·Åʽծȯ¡¢»ª°²Ð»ر¨Áé»îÅäÖᢻª°²ÐÂÀÖÏí±£±¾¡¢»ª°²Àֻݱ£±¾¡¢»ª°²°²»ª±£±¾¡¢»ª°²°²½ø±£±¾¡¢»ª°²ÐÂÏ£Íû»ìºÏ¡¢»ª°²î£Ïí¶¨¿ª»ìºÏµÄ»ù½ð¾Àí£¬¹Ì¶¨ÊÕÒ沿×ܼࡣ
ÐíÖ®Ñ壬ָÊýͶ×ʲ¿¸ß¼¶×ܼà, Àíѧ²©Ê¿£¬CQF(¹ú¼ÊÊýÁ¿½ðÈÚ¹¤³Ìʦ)¡£ÔøÔڹ㷢֤ȯºÍÖÐɽ´óѧ¾¼Ã¹ÜÀíѧԺ²©Ê¿ºóÁ÷¶¯Õ¾´ÓʽðÈÚ¹¤³Ì¹¤×÷£¬2005Äê¼ÓÈ뻪°²»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾£¬ÔøÈÎÑо¿·¢Õ¹²¿ÊýÁ¿²ßÂÔ·ÖÎöʦ£¬ÏÖÈλª°²ÉÏÖ¤180ETF¼°»ª°²ÉÏÖ¤180ETFÁª½Ó¡¢»ª°²ÉîÖ¤300Ö¸Êý£¨LOF£©¡¢»ª°²Ò׸»»Æ½ðETF¼°Áª½Ó¡¢»ª°²ÖÐ֤ȫָ֤ȯ¹«Ë¾Ö¸Êý·Ö¼¶¡¢»ª°²ÖÐÖ¤ÒøÐÐÖ¸Êý·Ö¼¶¡¢»ª°²´´Òµ°å50Ö¸Êý·Ö¼¶¡¢»ª°²´´Òµ°å50ETFµÄ»ù½ð¾Àí£¬Ö¸ÊýͶ×ʲ¿¸ß¼¶×ܼࡣ
³ÂÁÖ£¬»ù½ðÔËÓª²¿×ܾÀí£¬¹¤É̹ÜÀí˶ʿ£¬¸ß¼¶»á¼Æʦ£¬CPAÖйú×¢²á»á¼Æʦлá·ÇÖ´Òµ»áÔ±¡£ÔøÔÚ°²ÓÀ´ó»ª»á¼ÆʦÊÂÎñËù¹¤×÷£¬2004Äê11Ô¼ÓÈ뻪°²»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾£¬ÔøÈβÆÎñºËË㲿¸±×ܼࡢ¹«Ë¾²ÆÎñ²¿×ܾÀí£¬ÏÖÈλù½ðÔËÓª²¿×ܾÀí¡£
£¨2£©ÍйÜÒøÐÐ
ÍйÜÒøÐиù¾Ý·¨ÂÉ·¨¹æÒªÇóÂÄÐйÀÖµ¼°¾»Öµ¼ÆËãµÄ¸´ºËÔðÈΣ¬²¢ÇÒÈÏÕæºË²é¹«Ë¾²ÉÓõĹÀÖµÕþ²ßºÍ³ÌÐò¡£
£¨3£©»á¼ÆʦÊÂÎñËù
¶ÔÏà¹Ø¹ÀֵģÐÍ¡¢¼ÙÉè¼°²ÎÊýµÄÊʵ±ÐÔ³ö¾ßÉóºËÒâ¼ûºÍ±¨¸æ¡£
4¡¢»ù½ð¾Àí²ÎÓë»ò¾ö¶¨¹ÀÖµµÄ³Ì¶È
±¾»ù½ðµÄ»ù½ð¾Àíδ²ÎÓë»ù½ðµÄ¹ÀÖµ¡£
5¡¢²ÎÓë¹ÀÖµÁ÷³Ì¸÷·½Ö®¼ä´æÔÚµÄÈκÎÖØ´óÀûÒæ³åÍ»
²ÎÓë¹ÀÖµÁ÷³Ì¸÷·½Ö®¼äÎÞÈκÎÖØ´óÀûÒæ³åÍ»¡£
6¡¢ÒÑÇ©Ô¼µÄÈκζ¨¼Û·þÎñµÄÐÔÖÊÓë³Ì¶ÈµÈÐÅÏ¢
ÎÞ¡£
4.7 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ»ù½ðÀûÈó·ÖÅäÇé¿öµÄ˵Ã÷
±¾±¨¸æÆÚ²»½øÐÐÊÕÒæ·ÖÅä¡£
4.8 ±¨¸æÆÚÄÚ¹ÜÀíÈ˶Ա¾»ù½ð³ÖÓÐÈËÊý»ò»ù½ð×ʲú¾»ÖµÔ¤¾¯ÇéÐεÄ˵Ã÷
±¾»ù½ð±¨¸æÆÚÄÚ²»´æÔÚ»ù½ð³ÖÓÐÈËÊýµÍÓÚ200ÈË»ò»ù½ð×ʲú¾»ÖµµÍÓÚ5000ÍòÔªµÄÇéÐΡ£
¡ì5 ÍйÜÈ˱¨¸æ
5.1 ±¨¸æÆÚÄÚ±¾»ù½ðÍйÜÈË×ñ¹æÊØÐÅÇé¿öÉùÃ÷
±¾±¨¸æÆÚÄÚ£¬±¾»ù½ðÍйÜÈËÔÚ¶Ô»ª°²Ð²Ƹ»Áé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ðµÄÍйܹý³ÌÖУ¬Ñϸñ×ñÊØ¡¶Ö¤È¯Í¶×Ê»ù½ð·¨¡·¼°ÆäËû·¨ÂÉ·¨¹æºÍ»ù½ðºÏͬ¡¢ÍйÜÐÒéµÄÓйع涨£¬ÒÀ·¨°²È«±£¹ÜÁË»ù½ð²Æ²ú£¬²»´æÔÚË𺦻ù½ð·Ý¶î³ÖÓÐÈËÀûÒæµÄÐÐΪ£¬ÍêÈ«¾¡Ö°¾¡ÔðµØÂÄÐÐÁË»ù½ðÍйÜÈËÓ¦¾¡µÄÒåÎñ¡£
5.2 ÍйÜÈ˶Ա¨¸æÆÚÄÚ±¾»ù½ðͶ×ÊÔË×÷×ñ¹æÊØÐÅ¡¢¾»Öµ¼ÆËã¡¢ÀûÈó·ÖÅäµÈÇé¿öµÄ˵Ã÷
±¾±¨¸æÆÚÄÚ£¬°´ÕÕÏà¹Ø·¨ÂÉ·¨¹æºÍ»ù½ðºÏͬ¡¢ÍйÜÐÒéµÄÓйع涨£¬±¾ÍйÜÈ˶