»ù½ð¹ÜÀíÈË£ºÖÐÒø»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾
»ù½ðÍйÜÈË£ºÕÐÉÌÒøÐйɷÝÓÐÏÞ¹«Ë¾
±¨¸æËͳöÈÕÆÚ£º¶þ©–Ò»ÁùÄê°ËÔ¶þÊ®ËÄÈÕ
ÖÐÒøÎȽ¡Ë«ÀûծȯÐÍ֤ȯͶ×Ê»ù½ð 2016Äê°ëÄê¶È±¨¸æ
µÚ 2Ò³¹² 46Ò³
1 ÖØÒªÌáʾ¼°Ä¿Â¼
1.1 ÖØÒªÌáʾ
»ù½ð¹ÜÀíÈ˵ĶÊ»ᡢ¶Ê±£Ö¤±¾±¨¸æËùÔØ×ÊÁϲ»´æÔÚÐé¼Ù¼ÇÔØ¡¢Îóµ¼ÐÔ³ÂÊö»òÖØ´óÒÅ©£¬²¢
¶ÔÆäÄÚÈݵÄÕæʵÐÔ¡¢×¼È·ÐÔºÍÍêÕûÐԳе£¸ö±ð¼°Á¬´øµÄ·¨ÂÉÔðÈΡ£±¾°ëÄê¶È±¨¸æÒѾÈý·ÖÖ®¶þÒÔÉÏ
¶ÀÁ¢¶ÊÂÇ©×ÖͬÒ⣬²¢Óɶʳ¤Ç©·¢¡£
»ù½ðÍйÜÈËÕÐÉÌÒøÐйɷÝÓÐÏÞ¹«Ë¾¸ù¾Ý±¾»ù½ðºÏͬ¹æ¶¨£¬ÓÚ 2016Äê 8Ô 22ÈÕ¸´ºËÁ˱¾±¨¸æÖÐ
µÄ²ÆÎñÖ¸±ê¡¢¾»Öµ±íÏÖ¡¢ÀûÈó·ÖÅäÇé¿ö¡¢²ÆÎñ»á¼Æ±¨¸æ¡¢Í¶×Ê×éºÏ±¨¸æµÈÄÚÈÝ£¬±£Ö¤¸´ºËÄÚÈݲ»´æ
ÔÚÐé¼Ù¼ÇÔØ¡¢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»ù
½ðµÄÕÐļ˵Ã÷Êé¼°Æä¸üС£
±¾±¨¸æÖвÆÎñ×ÊÁÏδ¾Éó¼Æ¡£
±¾±¨¸æÆÚ×Ô 2016Äê 1Ô 1ÈÕÆðÖÁ 6Ô 30ÈÕÖ¹¡£
ÖÐÒøÎȽ¡Ë«ÀûծȯÐÍ֤ȯͶ×Ê»ù½ð 2016Äê°ëÄê¶È±¨¸æ
µÚ 3Ò³¹² 46Ò³
1.2 Ŀ¼
1 ÖØÒªÌáʾ¼°Ä¿Â¼ ....................................................................................................................................... 2?
1.1 ÖØÒªÌáʾ .......................................................................................................................................... 2?
2 »ù½ð¼ò½é ................................................................................................................................................... 5?
2.1 »ù½ð»ù±¾Çé¿ö .................................................................................................................................. 5?
2.2 »ù½ð²úƷ˵Ã÷ .................................................................................................................................. 5?
2.3 »ù½ð¹ÜÀíÈ˺ͻù½ðÍйÜÈË .............................................................................................................. 5?
2.4 ÐÅÏ¢Åû¶·½Ê½ .................................................................................................................................. 6?
2.5 ÆäËûÏà¹Ø×ÊÁÏ .................................................................................................................................. 6?
3 Ö÷Òª²ÆÎñÖ¸±êºÍ»ù½ð¾»Öµ±íÏÖ ............................................................................................................... 6?
3.1 Ö÷Òª»á¼ÆÊý¾ÝºÍ²ÆÎñÖ¸±ê .............................................................................................................. 6?
3.2 »ù½ð¾»Öµ±íÏÖ .................................................................................................................................. 7?
4 ¹ÜÀíÈ˱¨¸æ ............................................................................................................................................... 9?
4.1 »ù½ð¹ÜÀíÈ˼°»ù½ð¾ÀíÇé¿ö .......................................................................................................... 9?
4.2 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ±¾»ù½ðÔË×÷×ñ¹æÊØÐÅÇé¿öµÄ˵Ã÷ ................................................................ 10?
4.3 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ¹«Æ½½»Ò×Çé¿öµÄרÏî˵Ã÷ ............................................................................ 11?
4.4 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ»ù½ðµÄͶ×ʲßÂÔºÍÒµ¼¨±íÏÖµÄ˵Ã÷ ............................................................ 11?
4.5 ¹ÜÀíÈ˶Ժê¹Û¾¼Ã¡¢Ö¤È¯Êг¡¼°ÐÐÒµ×ßÊƵļòÒªÕ¹Íû ............................................................ 13?
4.6 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ»ù½ð¹ÀÖµ³ÌÐòµÈÊÂÏîµÄ˵Ã÷ ........................................................................ 14?
4.7 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ»ù½ðÀûÈó·ÖÅäÇé¿öµÄ˵Ã÷ ............................................................................ 14?
4.8 ±¨¸æÆÚÄÚ¹ÜÀíÈ˶Ա¾»ù½ð³ÖÓÐÈËÊý»ò»ù½ð×ʲú¾»ÖµÔ¤¾¯ÇéÐεÄ˵Ã÷ .................................... 15?
5 ÍйÜÈ˱¨¸æ ............................................................................................................................................. 15?
5.1 ±¨¸æÆÚÄÚ±¾»ù½ðÍйÜÈË×ñ¹æÊØÐÅÇé¿öÉùÃ÷ ................................................................................ 15?
5.2 ÍйÜÈ˶Ա¨¸æÆÚÄÚ±¾»ù½ðͶ×ÊÔË×÷×ñ¹æÊØÐÅ¡¢¾»Öµ¼ÆËã¡¢ÀûÈó·ÖÅäµÈÇé¿öµÄ˵Ã÷ ............. 15?
5.3 ÍйÜÈ˶Ա¾°ëÄê¶È±¨¸æÖвÆÎñÐÅÏ¢µÈÄÚÈݵÄÕæʵ¡¢×¼È·ºÍÍêÕû·¢±íÒâ¼û ............................ 15?
6 °ëÄê¶È²ÆÎñ»á¼Æ±¨¸æ£¨Î´¾Éó¼Æ£© ..................................................................................................... 15?
6.1 ×ʲú¸ºÕ®±í .................................................................................................................................... 15?
6.2 ÀûÈó±í ............................................................................................................................................ 16?
6.3 ËùÓÐÕßȨÒ棨»ù½ð¾»Öµ£©±ä¶¯±í ................................................................................................ 17?
6.4 ±¨±í¸½×¢ ........................................................................................................................................ 18?
7 Ͷ×Ê×éºÏ±¨¸æ ......................................................................................................................................... 35?
7.1 ÆÚÄ©»ù½ð×ʲú×éºÏÇé¿ö ................................................................................................................ 35?
7.2±¨¸æÆÚÄ©°´ÐÐÒµ·ÖÀàµÄ¹ÉƱͶ×Ê×éºÏ ......................................................................................... 36?
7.3 ÆÚÄ©°´¹«ÔʼÛÖµÕ¼»ù½ð×ʲú¾»Öµ±ÈÀý´óСÅÅÐòµÄËùÓйÉƱͶ×ÊÃ÷ϸ .................................... 37?
7.4±¨¸æÆÚÄÚ¹ÉƱͶ×Ê×éºÏµÄÖØ´ó±ä¶¯ ............................................................................................. 37?
7.5 ÆÚÄ©°´Õ®È¯Æ·ÖÖ·ÖÀàµÄծȯͶ×Ê×éºÏ ........................................................................................ 39?
7.6ÆÚÄ©°´¹«ÔʼÛÖµÕ¼»ù½ð×ʲú¾»Öµ±ÈÀý´óСÅÅÐòµÄÇ°ÎåÃûծȯͶ×ÊÃ÷ϸ ................................. 39?
7.7 ÆÚÄ©°´¹«ÔʼÛÖµÕ¼»ù½ð×ʲú¾»Öµ±ÈÀý´óСÅÅÐòµÄËùÓÐ×ʲúÖ§³Ö֤ȯͶ×ÊÃ÷ϸ .................... 40?
7.8 ±¨¸æÆÚÄ©°´¹«ÔʼÛÖµÕ¼»ù½ð×ʲú¾»Öµ±ÈÀý´óСÅÅÐòµÄÇ°ÎåÃû¹ó½ðÊôͶ×ÊÃ÷ϸ .................... 40?
7.9 ÆÚÄ©°´¹«ÔʼÛÖµÕ¼»ù½ð×ʲú¾»Öµ±ÈÀý´óСÅÅÐòµÄÇ°ÎåÃûȨ֤Ͷ×ÊÃ÷ϸ ................................ 40?
7.10 ±¨¸æÆÚÄ©±¾»ù½ðͶ×ʵĹÉÖ¸ÆÚ»õ½»Ò×Çé¿ö˵Ã÷ ...................................................................... 40?
7.11±¨¸æÆÚÄ©±¾»ù½ðͶ×ʵĹúÕ®ÆÚ»õ½»Ò×Çé¿ö˵Ã÷ ....................................................................... 40?
7.12 Ͷ×Ê×éºÏ±¨¸æ¸½×¢ ...................................................................................................................... 40?
8 »ù½ð·Ý¶î³ÖÓÐÈËÐÅÏ¢ ............................................................................................................................. 41?
8.1 ÆÚÄ©»ù½ð·Ý¶î³ÖÓÐÈË»§Êý¼°³ÖÓÐÈ˽ṹ .................................................................................... 41?
ÖÐÒøÎȽ¡Ë«ÀûծȯÐÍ֤ȯͶ×Ê»ù½ð 2016Äê°ëÄê¶È±¨¸æ
µÚ 4Ò³¹² 46Ò³
8.2 ÆÚÄ©»ù½ð¹ÜÀíÈ˵ĴÓÒµÈËÔ±³ÖÓб¾»ù½ðµÄÇé¿ö ........................................................................ 41?
8.3ÆÚÄ©»ù½ð¹ÜÀíÈ˵ĴÓÒµÈËÔ±³ÖÓб¾¿ª·Åʽ»ù½ð·Ý¶î×ÜÁ¿Çø¼äµÄÇé¿ö ..................................... 41?
9 ¿ª·Åʽ»ù½ð·Ý¶î±ä¶¯ ............................................................................................................................. 42?
10 ÖØ´óʼþ½Òʾ ....................................................................................................................................... 42?
10.1 »ù½ð·Ý¶î³ÖÓÐÈË´ó»á¾öÒé .......................................................................................................... 42?
10.2 »ù½ð¹ÜÀíÈË¡¢»ù½ðÍйÜÈ˵ÄרÃÅ»ù½ðÍйܲ¿ÃŵÄÖØ´óÈËʱ䶯 .......................................... 42?
10.3 Éæ¼°»ù½ð¹ÜÀíÈË¡¢»ù½ð²Æ²ú¡¢»ù½ðÍйÜÒµÎñµÄËßËÏ .............................................................. 42?
10.4 »ù½ðͶ×ʲßÂԵĸıä .................................................................................................................. 42?
10.5 ±¨¸æÆÚÄÚ¸ÄƸ»á¼ÆʦÊÂÎñËùÇé¿ö .............................................................................................. 42?
10.6¹ÜÀíÈË¡¢ÍйÜÈ˼°Æä¸ß¼¶¹ÜÀíÈËÔ±ÊÜ»ü²é»ò´¦·£µÈÇé¿ö ....................................................... 42?
10.7 »ù½ð×âÓÃ֤ȯ¹«Ë¾½»Ò×µ¥ÔªµÄÓйØÇé¿ö .................................................................................. 43?
10.8 ÆäËûÖØ´óʼþ .............................................................................................................................. 45?
11 ±¸²éÎļþĿ¼ ....................................................................................................................................... 46?
11.1 ±¸²éÎļþĿ¼ .............................................................................................................................. 46?
11.2 ´æ·ÅµØµã ...................................................................................................................................... 46?
11.3 ²éÔÄ·½Ê½ ...................................................................................................................................... 46?
ÖÐÒøÎȽ¡Ë«ÀûծȯÐÍ֤ȯͶ×Ê»ù½ð 2016Äê°ëÄê¶È±¨¸æ
µÚ 5Ò³¹² 46Ò³
2 »ù½ð¼ò½é
2.1 »ù½ð»ù±¾Çé¿ö
»ù½ðÃû³Æ ÖÐÒøÎȽ¡Ë«ÀûծȯÐÍ֤ȯͶ×Ê»ù½ð
»ù½ð¼ò³Æ ÖÐÒøË«Àûծȯ
»ù½ðÖ÷´úÂë 163811
½»Ò×´úÂë 163811
»ù½ðÔË×÷·½Ê½ ÆõÔ¼ÐÍ¿ª·Åʽ
»ù½ðºÏͬÉúЧÈÕ 2010Äê 11Ô 24ÈÕ
»ù½ð¹ÜÀíÈË ÖÐÒø»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾
»ù½ðÍйÜÈË ÕÐÉÌÒøÐйɷÝÓÐÏÞ¹«Ë¾
±¨¸æÆÚÄ©»ù½ð·Ý¶î×ܶî 2,855,646,433.03·Ý
»ù½ðºÏͬ´æÐøÆÚ ²»¶¨ÆÚ
ÏÂÊô·Ö¼¶»ù½ðµÄ»ù½ð¼ò³Æ ÖÐÒøË«Àûծȯ A ÖÐÒøË«Àûծȯ B
ÏÂÊô·Ö¼¶»ù½ðµÄ½»Ò×´úÂë 163811 163812
±¨¸æÆÚÄ©ÏÂÊô·Ö¼¶»ù½ðµÄ·Ý¶î×ܶî 2,443,212,376.08·Ý 412,434,056.95·Ý
2.2 »ù½ð²úƷ˵Ã÷
Ͷ×ÊÄ¿±ê ÔÚ¿ØÖÆ·çÏպͱ£³Ö×ʲúÁ÷¶¯ÐÔµÄÇ°ÌáÏ£¬¶ÔºËÐĹ̶¨ÊÕÒæÀà×ʲú¸¨ÒÔȨÒæÀà×ʲúÔöÇ¿ÐÔÅäÖã¬ÓÅ»¯×ʲú½á¹¹£¬×·Çó»ù½ð×ʲúµÄ³¤ÆÚÎȽ¡ÔöÖµ¡£
Ͷ×ʲßÂÔ
±¾»ù½ð½«Í¨¹ý¡°×ÔÉ϶øÏ¡±µÄ·½·¨½øÐÐ×ʲúÅäÖᢾÃÆÚÅäÖá¢ÆÚÏ޽ṹÅäÖá¢
ÀàÊôÅäÖ㬽áºÏ¡°×Ô϶øÉÏ¡±µÄ¸öȯ¡¢¸ö¹ÉÑ¡Ôñ£¬»ý¼«ÔËÓöàÖÖ×ʲú¹ÜÀíÔö
Öµ²ßÂÔ£¬Å¬Á¦ÊµÏÖͶ×ÊÄ¿±ê¡£
Òµ¼¨±È½Ï»ù×¼ Öйúծȯ×ÛºÏÈ«¼ÛÖ¸Êý
·çÏÕÊÕÒæÌØÕ÷ ±¾»ù½ðÊôÓÚծȯÐÍ»ù½ð£¬ÆäÔ¤ÆÚ·çÏÕÊÕÒæµÍÓÚ¹ÉƱÐÍ»ù½ðºÍ»ìºÏÐÍ»ù½ð£¬¸ßÓÚ»õ±ÒÊг¡»ù½ð¡£
2.3 »ù½ð¹ÜÀíÈ˺ͻù½ðÍйÜÈË
ÏîÄ¿ »ù½ð¹ÜÀíÈË »ù½ðÍйÜÈË
Ãû³Æ ÖÐÒø»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾ ÕÐÉÌÒøÐйɷÝÓÐÏÞ¹«Ë¾
ЊϢÅû¶
¸ºÔðÈË
ÐÕÃû ѦÎÄ³É ÕÅÑà
ÁªÏµµç»° 021-38834999 0755-83199084
µç×ÓÓÊÏä clientservice@bocim.com Yan_zhang@cmbchina.com
¿Í»§·þÎñµç»° 021-38834788 400-888-5566 95555
´«Õæ 021-68873488 0755-83195201
×¢²áµØÖ· ÉϺ£ÊÐÒø³ÇÖз200ºÅÖÐÒø´óÏÃ45²ã
ÉîÛÚÊÐÉîÄÏ´óµÀ7088 ºÅÕÐÉÌ
ÒøÐдóÏÃ
°ì¹«µØÖ· ÉϺ£ÊÐÒø³ÇÖз200ºÅÖÐÒø´óÏÃ26²ã¡¢45²ã
ÉîÛÚÊÐÉîÄÏ´óµÀ7088ºÅÕÐÉÌÒø
ÐдóÏÃ
ÓÊÕþ±àÂë 200120 518040
·¨¶¨´ú±íÈË °×Ö¾ÖÐ Àºì
ÖÐÒøÎȽ¡Ë«ÀûծȯÐÍ֤ȯͶ×Ê»ù½ð 2016Äê°ëÄê¶È±¨¸æ
µÚ 6Ò³¹² 46Ò³
2.4 ÐÅÏ¢Åû¶·½Ê½
±¾»ù½ðÑ¡¶¨µÄÐÅÏ¢Åû¶±¨Ö½Ãû³Æ ÉϺ£Ö¤È¯±¨¡¢Öйú֤ȯ±¨
µÇÔØ»ù½ð°ëÄê¶È±¨¸æÕýÎĵĹÜÀíÈË»¥ÁªÍøÍøÖ· http://www.bocim.com
»ù½ð°ëÄê¶È±¨¸æ±¸Öõصã ÉϺ£ÊÐÒø³ÇÖз 200ºÅÖÐÒø´óÏà 26²ã
2.5 ÆäËûÏà¹Ø×ÊÁÏ
ÏîÄ¿ Ãû³Æ °ì¹«µØÖ·
×¢²áµÇ¼Ç»ú¹¹ Öйú֤ȯµÇ¼Ç½áËãÓÐÏÞÔðÈι«Ë¾ ±±¾©ÊÐÎ÷³ÇÇø̫ƽÇÅ´ó½Ö 17ºÅ
3 Ö÷Òª²ÆÎñÖ¸±êºÍ»ù½ð¾»Öµ±íÏÖ
3.1 Ö÷Òª»á¼ÆÊý¾ÝºÍ²ÆÎñÖ¸±ê
½ð¶îµ¥Î»£ºÈËÃñ±ÒÔª
3.1.1ÆÚ¼äÊý¾ÝºÍÖ¸±ê
±¨¸æÆÚ£¨2016Äê 1Ô 1ÈÕÖÁ 2016Äê 6Ô 30ÈÕ£©
ÖÐÒøË«Àûծȯ A ÖÐÒøË«Àûծȯ B
±¾ÆÚÒÑʵÏÖÊÕÒæ 83,603,366.94 16,780,847.66
±¾ÆÚÀûÈó -4,889,732.85 -24,040,558.20
¼ÓȨƽ¾ù»ù½ð·Ý¶î±¾ÆÚÀûÈó -0.0017 -0.0377
±¾ÆÚ¼ÓȨƽ¾ù¾»ÖµÀûÈóÂÊ -0.12% -2.63%
±¾ÆÚ»ù½ð·Ý¶î¾»ÖµÔö³¤ÂÊ 0.20% 0.00%
3.1.2ÆÚÄ©Êý¾ÝºÍÖ¸±ê ±¨¸æÆÚÄ©(2016Äê 6Ô 30ÈÕ) ÖÐÒøË«Àûծȯ A ÖÐÒøË«Àûծȯ B
ÆÚÄ©¿É¹©·ÖÅäÀûÈó 939,190,804.93 146,296,526.73
ÆÚÄ©¿É¹©·ÖÅä»ù½ð·Ý¶îÀûÈó 0.3844 0.3547
ÆÚÄ©»ù½ð×ʲú¾»Öµ 3,653,631,243.37 603,910,796.02
ÆÚÄ©»ù½ð·Ý¶î¾»Öµ 1.495 1.464
3.1.3ÀÛ¼ÆÆÚÄ©Ö¸±ê ±¨¸æÆÚÄ©(2016Äê 6Ô 30ÈÕ) ÖÐÒøË«Àûծȯ A ÖÐÒøË«Àûծȯ B
»ù½ð·Ý¶îÀۼƾ»ÖµÔö³¤ÂÊ 49.50% 46.40%
×¢£º1¡¢ËùÊö»ù½ðÒµ¼¨Ö¸±ê²»°üÀ¨³ÖÓÐÈËÈϹº»ò½»Ò×»ù½ðµÄ¸÷Ïî·ÑÓ㬼ÆÈë·ÑÓúóʵ¼ÊÊÕÒæˮƽ
ÒªµÍÓÚËùÁÐÊý×Ö¡£
2¡¢±¾ÆÚÒÑʵÏÖÊÕÒæÖ¸»ù½ð±¾ÆÚÀûÏ¢ÊÕÈ롢Ͷ×ÊÊÕÒæ¡¢ÆäËûÊÕÈ루²»º¬¹«ÔʼÛÖµ±ä¶¯ÊÕÒ棩¿Û³ý
Ïà¹Ø·ÑÓúóµÄÓà¶î£¬±¾ÆÚÀûÈóΪ±¾ÆÚÒÑʵÏÖÊÕÒæ¼ÓÉϱ¾ÆÚ¹«ÔʼÛÖµ±ä¶¯ÊÕÒæ¡£ÆÚÄ©¿É¹©·ÖÅäÊÕÒ棬
²ÉÓÃÆÚÄ©×ʲú¸ºÕ®±íÖÐδ·ÖÅäÀûÈóÓëδ·ÖÅäÀûÈóÖÐÒÑʵÏÖ²¿·ÖµÄÊëµÍÊý£¨ÎªÆÚÄ©Óà¶î£©£¬¼´Èç¹ûÆÚ
ĩδ·ÖÅäÀûÈ󣨱¨±íÊý£¬ÏÂͬ£©µÄδʵÏÖ²¿·ÖΪÕýÊý£¬ÔòÆÚÄ©¿É¹©·ÖÅäÀûÈóµÄ½ð¶îΪÆÚĩδ·ÖÅäÀû
ÈóµÄÒÑʵÏÖ²¿·Ö£¬Èç¹ûÆÚĩδ·ÖÅäÀûÈóµÄδʵÏÖ²¿·ÖΪ¸ºÊý£¬ÔòÆÚÄ©¿É¹©·ÖÅäÀûÈóµÄ½ð¶îΪÆÚĩδ
·ÖÅäÀûÈó£¨ÒÑʵÏÖ²¿·Ö¿Û³ýδʵÏÖ²¿·Ö£©¡£
ÖÐÒøÎȽ¡Ë«ÀûծȯÐÍ֤ȯͶ×Ê»ù½ð 2016Äê°ëÄê¶È±¨¸æ
µÚ 7Ò³¹² 46Ò³
3.2 »ù½ð¾»Öµ±íÏÖ
3.2.1 »ù½ð·Ý¶î¾»ÖµÔö³¤Âʼ°ÆäÓëͬÆÚÒµ¼¨±È½Ï»ù×¼ÊÕÒæÂʵıȽÏ
ÖÐÒøË«Àûծȯ A
½×¶Î ·Ý¶î¾»ÖµÔö³¤ÂÊ¢Ù
·Ý¶î¾»ÖµÔö
³¤Âʱê×¼²î
¢Ú
Òµ¼¨±È½Ï»ù
×¼ÊÕÒæÂÊ¢Û
Òµ¼¨±È½Ï»ù
×¼ÊÕÒæÂʱê
×¼²î¢Ü
¢Ù£¢Û ¢Ú£¢Ü
¹ýÈ¥Ò»¸öÔ 1.49% 0.25% 0.36% 0.04% 1.13% 0.21%
¹ýÈ¥Èý¸öÔ 1.56% 0.28% -0.52% 0.07% 2.08% 0.21%
¹ýÈ¥Áù¸öÔ 0.20% 0.44% -0.21% 0.07% 0.41% 0.37%
¹ýÈ¥Ò»Äê 4.33% 0.49% 2.74% 0.07% 1.59% 0.42%
¹ýÈ¥ÈýÄê 25.95% 0.36% 5.74% 0.09% 20.21% 0.27%
×Ô»ù½ðºÏͬÉú
ЧÆðÖÁ½ñ 49.50% 0.32% 9.75% 0.09% 39.75% 0.23%
ÖÐÒøË«Àûծȯ B
½×¶Î ·Ý¶î¾»ÖµÔö³¤ÂÊ¢Ù
·Ý¶î¾»ÖµÔö
³¤Âʱê×¼²î
¢Ú
Òµ¼¨±È½Ï»ù
×¼ÊÕÒæÂÊ¢Û
Òµ¼¨±È½Ï»ù
×¼ÊÕÒæÂʱê
×¼²î¢Ü
¢Ù£¢Û ¢Ú£¢Ü
¹ýÈ¥Ò»¸öÔ 1.46% 0.27% 0.36% 0.04% 1.10% 0.23%
¹ýÈ¥Èý¸öÔ 1.53% 0.29% -0.52% 0.07% 2.05% 0.22%
¹ýÈ¥Áù¸öÔ 0.00% 0.44% -0.21% 0.07% 0.21% 0.37%
¹ýÈ¥Ò»Äê 3.90% 0.49% 2.74% 0.07% 1.16% 0.42%
¹ýÈ¥ÈýÄê 24.49% 0.36% 5.74% 0.09% 18.75% 0.27%
×Ô»ù½ðºÏͬÉú
ЧÆðÖÁ½ñ 46.40% 0.32% 9.75% 0.09% 36.65% 0.23%
3.2.2 ×Ô»ù½ðºÏͬÉúЧÒÔÀ´»ù½ð·Ý¶îÀۼƾ»ÖµÔö³¤Âʱ䶯¼°ÆäÓëͬÆÚÒµ¼¨±È½Ï»ù×¼ÊÕÒæÂʱ䶯µÄ±È
½Ï
ÖÐÒøÎȽ¡Ë«ÀûծȯÐÍ֤ȯͶ×Ê»ù½ð
·Ý¶îÀۼƾ»ÖµÔö³¤ÂÊÓëÒµ¼¨±È½Ï»ù×¼ÊÕÒæÂÊÀúÊ·×ßÊƶԱÈͼ
£¨2010Äê 11Ô 24ÈÕÖÁ 2016Äê 6Ô 30ÈÕ£©
ÖÐÒøË«Àûծȯ A
ÖÐÒøË«Àû
×¢£º
¸÷ÏîͶ×Ê
±ÈÀý²»µÍ
»ù½ð»¹¿É
»áÔÊÐí»ù
ծȯ B
°´»ù½ðºÏͬ
±ÈÀýÒÑ´ïµ½
ÓÚ»ù½ð×ʲú
Ͷ×ÊÓÚÒ»¼¶
½ðͶ×ʵķÇ
¹æ¶¨£¬±¾»ù
»ù½ðºÏͬµÚ
µÄ 80%£¬ÏÖ
Êг¡Ð¹ÉÉê
¹Ì¶¨ÊÕÒæÀà
µÚ
½ð×Ô»ù½ðºÏ
Ê®¶þ²¿·Ö£¨
½ð»òÕßµ½ÆÚ
¹º¡¢³ÖÓпÉ
½ðÈÚÆ·ÖÖ£¬
ÖÐÒø
8Ò³¹² 46Ò³
ͬÉúЧÆð 6
¶þ£©µÄ¹æ¶¨
ÈÕÔÚÒ»ÄêÒÔ
תծת¹ÉËù
ÉÏÊö·Ç¹Ì¶¨
ÎȽ¡Ë«ÀûÕ®
¸öÔÂÄÚΪ½¨²Ö
£¬¼´±¾»ù½ð¶Ô
ÄÚµÄÕþ¸®Õ®È¯
µÃ¹ÉƱ¡¢¶þ¼¶
ÊÕÒæÀà½ðÈÚ
ȯÐÍ֤ȯͶ×Ê»ù
ÆÚ£¬½ØÖÁ½¨
ծȯµÈ¹Ì¶¨
²»µÍÓÚ»ù½ð
Êг¡¹ÉƱÒÔ
Æ·ÖÖµÄͶ×ʱÈ
½ð 2016Äê°ë
²Ö½áÊøʱ±¾
ÊÕÒæÀàÆ·ÖÖ
×ʲú¾»ÖµµÄ
¼°È¨Ö¤µÈÖÐ
ÀýºÏ¼Æ²»³¬
Äê¶È±¨¸æ
»ù½ðµÄ
µÄͶ×Ê
5%£»±¾
¹úÖ¤¼à
¹ý»ù½ð
ÖÐÒøÎȽ¡Ë«ÀûծȯÐÍ֤ȯͶ×Ê»ù½ð 2016Äê°ëÄê¶È±¨¸æ
µÚ 9Ò³¹² 46Ò³
×ʲúµÄ 20%¡£
4 ¹ÜÀíÈ˱¨¸æ
4.1 »ù½ð¹ÜÀíÈ˼°»ù½ð¾ÀíÇé¿ö
4.1.1 »ù½ð¹ÜÀíÈ˼°Æä¹ÜÀí»ù½ðµÄ¾Ñé
ÖÐÒø»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾Ç°ÉíΪÖÐÒø¹ú¼Ê»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾£¬ÓÚ 2004Äê 8Ô 12ÈÕÕýʽ³ÉÁ¢£¬ÓÉ
ÖÐÒø¹ú¼ÊºÍÃÀÁÖͶ×ʹÜÀíºÏ×Ê×齨£¨2006 Äê 9 Ô 29 ÈÕÃÀÁÖͶ×ʹÜÀíÓÐÏÞ¹«Ë¾Óë±´À³µÂͶ×ʹÜÀíÓÐ
ÏÞ¹«Ë¾ºÏ²¢£¬ºÏ²¢ºóй«Ë¾Ãû³ÆΪ¡°±´À³µÂͶ×ʹÜÀíÓÐÏÞ¹«Ë¾¡±£©¡£2007Äê 12Ô 25ÈÕ£¬¾Öйú֤ȯ
¼à¶½¹ÜÀíίԱ»áÅú¸´£¬Í¬ÒâÖйúÒøÐйɷÝÓÐÏÞ¹«Ë¾Ö±½Ó¿Ø¹ÉÖÐÒø»ù½ð¡£¹«Ë¾×¢²áµØΪÖйúÉϺ£ÊУ¬
×¢²á×ʱ¾ÎªÒ»ÒÚÔªÈËÃñ±Ò£¬ÆäÖÐÖйúÒøÐÐÓµÓÐ 83.5£¥µÄ¹ÉȨ£¬±´À³µÂͶ×ʹÜÀíÓµÓÐ 16.5£¥µÄ¹ÉȨ¡£
½ØÖÁ 2016Äê 6Ô 30ÈÕ£¬±¾¹ÜÀíÈ˹²¹ÜÀíÁùÊ®ÁùÖ»¿ª·Åʽ֤ȯͶ×Ê»ù½ð£ºÖÐÒøÖйú¾«Ñ¡»ìºÏÐÍ¿ª·Å
ʽ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒø»õ±ÒÊг¡Ö¤È¯Í¶×Ê»ù½ð¡¢ÖÐÒø³ÖÐøÔö³¤»ìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÊÕÒæ»ìºÏ
ÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒø¶¯Ì¬²ßÂÔ»ìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÎȽ¡ÔöÀûծȯÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÐÐ
ÒµÓÅÑ¡Áé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÖÐÖ¤ 100 Ö¸ÊýÔöÇ¿ÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÀ¶³ï¾«Ñ¡Áé»î
ÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒø¼ÛÖµ¾«Ñ¡Áé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÎȽ¡Ë«ÀûծȯÐÍ֤ȯ
Ͷ×Ê»ù½ð¡¢ÖÐÒøÈ«Çò²ßÂÔ֤ȯͶ×Ê»ù½ð£¨FOF£©¡¢ÉÏÖ¤¹úÓÐÆóÒµ 100 ½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù
½ð¡¢ÖÐÒøתծÔöǿծȯÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÖÐСÅ̳ɳ¤»ìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÐÅÓÃÔöÀûծȯ
ÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒø»¦Éî 300µÈȨÖØÖ¸Êý֤ȯͶ×Ê»ù½ð(LOF)¡¢ÖÐÒøÖ÷Ìâ²ßÂÔ»ìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢
ÖÐÒø±£±¾»ìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÀí²Æ 14ÌìծȯÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÀí²Æ 60ÌìծȯÐÍ·¢Æðʽ
֤ȯͶ×Ê»ù½ð¡¢ÖÐÒø´¿Õ®Õ®È¯ÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÀí²Æ 7ÌìծȯÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÀí²Æ 30Ìì
ծȯÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÎȽ¡ÌíÀûծȯÐÍ·¢Æðʽ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒø±êÆÕÈ«Çò¾«Ñ¡×ÔÈ»×ÊÔ´µÈȨ
ÖØÖ¸Êý֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÏû·ÑÖ÷Ìâ»ìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÃÀÀöÖйú»ìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐ
ÒøÊ¢Àû´¿Õ®Ò»Ä궨ÆÚ¿ª·ÅծȯÐÍ֤ȯͶ×Ê»ù½ð£¨LOF£©¡¢ÖÐÒøлر¨Áé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢
ÖÐÒø»¥Àû·Ö¼¶Õ®È¯ÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒø»ÝÀû´¿Õ®°ëÄ궨ÆÚ¿ª·ÅծȯÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÖиߵÈ
¼¶Õ®È¯ÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÀí²Æ 21 ÌìծȯÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÓÅÐãÆóÒµ»ìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢
ÖÐÒø»îÆÚ±¦»õ±ÒÊг¡»ù½ð¡¢ÖÐÒø¶à²ßÂÔÁé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒø½¡¿µÉú»î»ìºÏÐÍ֤ȯͶ
×Ê»ù½ð¡¢ÖÐÒø¾ÛÀû·Ö¼¶Õ®È¯ÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøнǮ°ü»õ±ÒÊг¡»ù½ð¡¢ÖÐÒø²úÒµÕ®Ò»Ä궨ÆÚ¿ª·Å
ծȯÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøо¼ÃÁé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒø°²ÐĻر¨°ëÄ궨ÆÚ¿ª·Åծȯ
ÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÑо¿¾«Ñ¡Áé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøºãÀû°ëÄ궨ÆÚ¿ª·ÅծȯÐÍ֤ȯ
Ͷ×Ê»ù½ð¡¢ÖÐÒøж¯Á¦¹ÉƱÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøºê¹Û²ßÂÔÁé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÐÂ
Ç÷ÊÆÁé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÖÇÄÜÖÆÔì¹ÉƱÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒø»¥ÁªÍø+¹ÉƱÐÍ֤ȯͶ
ÖÐÒøÎȽ¡Ë«ÀûծȯÐÍ֤ȯͶ×Ê»ù½ð 2016Äê°ëÄê¶È±¨¸æ
µÚ 10Ò³¹² 46Ò³
×Ê»ù½ð¡¢ÖÐÒø¹úÓÐÆóҵծծȯÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøвƸ»Áé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÐÂ
»úÓöÁé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÕ½ÂÔÐÂÐ˲úÒµ¹ÉƱÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒø»ú¹¹ÏÖ½ð¹ÜÀí»õ
±ÒÊг¡»ù½ð¡¢ÖÐÒøÃÀԪծծȯÐÍ֤ȯͶ×Ê»ù½ð(QDII)¡¢ÖÐÒøÎȽø±£±¾»ìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒø±¦
ÀûÁé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÈðÀûÁé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÕäÀûÁé»îÅäÖûìºÏ
ÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøöÎÀûÁé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÒæÀûÁé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢
ÖÐÒøÔ£ÀûÁé»îÅäÖûìºÏÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøºÏÀûծȯÐÍ֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÌÚÀûÁé»îÅäÖûìºÏÐÍ
֤ȯͶ×Ê»ù½ð¡¢ÖÐÒøÓÀÀû°ëÄ궨ÆÚ¿ª·ÅծȯÐÍ֤ȯͶ×Ê»ù½ð£¬Í¬Ê±¹ÜÀí×Ŷà¸öÌض¨¿Í»§×ʲú¹ÜÀíͶ
×Ê×éºÏ¡£
4.1.2 »ù½ð¾Àí£¨»ò»ù½ð¾ÀíС×飩¼°»ù½ð¾ÀíÖúÀíµÄ¼ò½é
ÐÕÃû Ö°Îñ
Èα¾»ù½ðµÄ»ù½ð¾Àí£¨Öú
Àí£©ÆÚÏÞ Ö¤È¯´ÓÒµÄêÏÞ ËµÃ÷ ÈÎÖ°ÈÕÆÚ ÀëÈÎÈÕÆÚ
ÞÉÅôÖÞ
±¾»ù½ðµÄ»ù½ð
¾Àí¡¢ÖÐÒøÔö
Àû»ù½ð»ù½ð¾
Àí¡¢ÖÐÒøÐÅÓÃ
ÔöÀû»ù½ð»ù½ð
¾Àí¡¢ÖÐÒø»¥
Àû·Ö¼¶»ù½ð»ù
½ð¾Àí¡¢ÖÐÒø
»ÝÀû´¿Õ®»ù½ð
»ù½ð¾Àí¡¢¹«
˾¹Ì¶¨ÊÕÒæͶ
×ʲ¿×ܾÀí
2010-11-24 - 16
ÖÐÒø»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾¹Ì¶¨ÊÕÒæ
Ͷ×ʲ¿×ܾÀí£¬¶ÊÂ×ܾÀí(MD)£¬
Àíѧ˶ʿ¡£ÔøÈÎÖйúÒøÐÐ×ÜÐÐÈ«Çò
½ðÈÚÊг¡²¿Õ®È¯¸ß¼¶½»Ò×Ô±¡£2009
Äê¼ÓÈëÖÐÒø»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾£¬
2010Äê 5ÔÂÖÁ 2011Äê 9ÔÂÈÎÖÐÒø
»õ±Ò»ù½ð»ù½ð¾Àí£¬2010 Äê 6 ÔÂ
ÖÁ½ñÈÎÖÐÒøÔöÀû»ù½ð»ù½ð¾Àí£¬
2010Äê 11ÔÂÖÁ½ñÈÎÖÐÒøË«Àû»ù½ð
»ù½ð¾Àí£¬2012 Äê 3 ÔÂÖÁ½ñÈÎÖÐ
ÒøÐÅÓÃÔöÀû»ù½ð»ù½ð¾Àí,2013Äê
9 ÔÂÖÁ½ñÈÎÖÐÒø»¥Àû·Ö¼¶Õ®È¯»ù
½ð»ù½ð¾Àí£¬2013Äê 11ÔÂÖÁ½ñÈÎ
ÖÐÒø»ÝÀû´¿Õ®»ù½ð»ù½ð¾Àí¡£¾ßÓÐ
16 Äê֤ȯ´ÓÒµÄêÏÞ¡£¾ß±¸»ù½ð´Ó
Òµ×ʸñ¡£
×¢£º1¡¢Ê×Èλù½ð¾ÀíµÄ¡°ÈÎÖ°ÈÕÆÚ¡±Îª»ù½ðºÏͬÉúЧÈÕ£¬·ÇÊ×Èλù½ð¾ÀíµÄ¡°ÈÎÖ°ÈÕÆÚ¡±Îª¸ù¾Ý¹«
˾¾ö¶¨È·¶¨µÄƸÈÎÈÕÆÚ£¬»ù½ð¾ÀíµÄ¡°ÀëÈÎÈÕÆÚ¡±¾ùΪ¸ù¾Ý¹«Ë¾¾ö¶¨È·¶¨µÄ½âƸÈÕÆÚ£»
2¡¢Ö¤È¯´ÓÒµÄêÏ޵ļÆËã±ê×¼¼°º¬Òå×ñ´Ó¡¶Ö¤È¯Òµ´ÓÒµÈËÔ±×ʸñ¹ÜÀí°ì·¨¡·µÄÏà¹Ø¹æ¶¨¡£
4.2 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ±¾»ù½ðÔË×÷×ñ¹æÊØÐÅÇé¿öµÄ˵Ã÷
±¾±¨¸æÆÚÄÚ£¬±¾»ù½ð¹ÜÀíÈËÑϸñ×ñÊØ¡¶Ö¤È¯Í¶×Ê»ù½ð·¨¡·¡¢ÖйúÖ¤¼à»áµÄÓйعæÔòºÍÆäËûÓйØ
·¨ÂÉ·¨¹æµÄ¹æ¶¨£¬Ñϸñ×ñѱ¾»ù½ðºÏͬ£¬±¾×ųÏʵÐÅÓá¢ÇÚÃ㾡ÔðµÄÔÔò¹ÜÀíºÍÔËÓûù½ð×ʲú£¬ÔÚ
Ñϸñ¿ØÖÆ·çÏյĻù´¡ÉÏ£¬Îª»ù½ð·Ý¶î³ÖÓÐÈËıÇó×î´óÀûÒæ¡£
±¾±¨¸æÆÚÄÚ£¬±¾»ù½ðÔË×÷ºÏ·¨ºÏ¹æ£¬ÎÞË𺦻ù½ð·Ý¶î³ÖÓÐÈËÀûÒæµÄÐÐΪ¡£
ÖÐÒøÎȽ¡Ë«ÀûծȯÐÍ֤ȯͶ×Ê»ù½ð 2016Äê°ëÄê¶È±¨¸æ
µÚ 11Ò³¹² 46Ò³
4.3 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ¹«Æ½½»Ò×Çé¿öµÄרÏî˵Ã÷
4.3.1 ¹«Æ½½»Ò×ÖƶȵÄÖ´ÐÐÇé¿ö
¸ù¾ÝÖйúÖ¤¼à»á°ä²¼µÄ¡¶Ö¤È¯Í¶×Ê»ù½ð¹ÜÀí¹«Ë¾¹«Æ½½»Ò×ÖƶÈÖ¸µ¼Òâ¼û¡·£¬¹«Ë¾Öƶ¨ÁË¡¶ÖÐÒø
»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾¹«Æ½½»Ò×¹ÜÀí°ì·¨¡·£¬½¨Á¢ÁË¡¶Ð¹Éѯ¼ÛÉ깺ºÍ²ÎÓ빫¿ªÔö·¢¹ÜÀí°ì·¨¡·¡¢¡¶Õ®
ȯѯ¼ÛÉ깺¹ÜÀí°ì·¨¡·¡¢¡¶¼¯Öн»Ò×¹ÜÀí°ì·¨¡·µÈ¹«Æ½½»Ò×Ïà¹ØÖƶÈÌåϵ£¬Í¨¹ýÖƶÈÈ·±£²»Í¬Í¶×Ê
×éºÏÔÚͶ×ʹÜÀí»î¶¯Öеõ½¹«Æ½¶Ô´ý£¬Ñϸñ·À·¶²»Í¬Í¶×Ê×éºÏÖ®¼ä½øÐÐÀûÒæÊäËÍ¡£¹«Ë¾½¨Á¢ÁËͶ×Ê
¾ö²ßίԱ»áÁ쵼ϵÄͶ×ʾö²ß¼°ÊÚȨÖƶȣ¬ÒÔ¿Æѧ¹æ·¶µÄͶ×ʾö²ßÌåϵ£¬²ÉÓü¯Öн»Ò×¹ÜÀí¼ÓÇ¿½»
Ò×Ö´Ðл·½ÚµÄÄÚ²¿¿ØÖÆ£¬Í¨¹ý¹¤×÷Öƶȡ¢Á÷³ÌºÍ¼¼ÊõÊֶα£Ö¤¹«Æ½½»Ò×ÔÔòµÄʵÏÖ£»Í¨¹ý½¨Á¢²ã¼¶
Í걸µÄ¹«Ë¾Ö¤È¯³Ø¼°×éºÏ·ç¸ñ¿â£¬ÍêÉƸ÷Àà¾ßÌå×ʲú¹ÜÀíÒµÎñ×éÖ¯½á¹¹£¬¹æ·¶¸÷ÏîÒµÎñÖ®¼äµÄ¹Øϵ£¬
ÔÚ±£Ö¤¸÷Ͷ×Ê×éºÏ¼È¾ßÓÐÏà¶Ô¶ÀÁ¢ÐÔµÄͬʱ£¬È·±£ÆäÔÚ»ñµÃͶ×ÊÐÅÏ¢¡¢Í¶×ʽ¨ÒéºÍʵʩͶ×ʾö²ß·½
ÃæÏíÓй«Æ½µÄ»ú»á£»Í¨¹ý¶ÔÒì³£½»Ò×ÐÐΪµÄʵʱ¼à¿Ø¡¢·ÖÎöÆÀ¹À¡¢¼à²ì»üºËºÍÐÅÏ¢Åû¶ȷ±£¹«Æ½½»
Ò×¹ý³ÌºÍ½á¹ûµÄÓÐЧ¼à¶½¡£
±¾±¨¸æÆÚÄÚ£¬±¾¹«Ë¾Ñϸñ×ñÊØ·¨ÂÉ·¨¹æ¹ØÓÚ¹«Æ½½»Ò×µÄÏà¹Ø¹æ¶¨£¬È·±£±¾¹«Ë¾¹ÜÀíµÄ²»Í¬Í¶×Ê
×éºÏÔÚÊÚȨ¡¢Ñо¿·ÖÎö¡¢Í¶×ʾö²ß¡¢½»Ò×Ö´ÐС¢Òµ¼¨ÆÀ¹ÀµÈͶ×ʹÜÀí»î¶¯ºÍ»·½ÚµÃµ½¹«Æ½¶Ô´ý¡£¸÷
Ͷ×Ê×éºÏ¾ùÑϸñ°´ÕÕ·¨ÂÉ¡¢·¨¹æºÍ¹«Ë¾ÖƶÈÖ´ÐÐͶ×ʽ»Ò×£¬±¾±¨¸æÆÚÄÚδ·¢ÉúÒì³£½»Ò×ÐÐΪ¡£
4.3.2 Òì³£½»Ò×ÐÐΪµÄרÏî˵Ã÷
±¾±¨¸æÆÚÄÚ£¬±¾»ù½ðδ·¢ÏÖÒì³£½»Ò×ÐÐΪ¡£
±¾±¨¸æÆÚÄÚ£¬»ù½ð¹ÜÀíÈËδ·¢ÉúËùÓÐͶ×Ê×éºÏ²ÎÓëµÄ½»Ò×Ëù¹«¿ª¾º¼ÛͬÈÕ·´Ïò½»Ò׳ɽ»½ÏÉÙµÄ
µ¥±ß½»Ò×Á¿³¬¹ý¸Ã֤ȯµ±Èճɽ»Á¿µÄ 5%µÄÇé¿ö¡£
4.4 ¹ÜÀíÈ˶Ա¨¸æÆÚÄÚ»ù½ðµÄͶ×ʲßÂÔºÍÒµ¼¨±íÏÖµÄ˵Ã÷
4.4.1±¨¸æÆÚÄÚ»ù½ðͶ×ʲßÂÔºÍÔË×÷·ÖÎö
1. ºê¹Û¾¼Ã·ÖÎö
¹úÍ⾼÷½Ã棬ȫÇò¾¼Ã²½Èë½ÏΪÎȶ¨µ«»ºÂýµÄ¸´ËÕͨµÀ£¬ÃÀ¹úÈÔÊDZíÏÖÏà¶Ô½ÏºÃµÄ¾¼ÃÌå¡£
´ÓÁìÏÈÖ¸±êÀ´¿´£¬ÉÏ°ëÄêÃÀ¹ú ISM ÖÆÔìÒµ PMI Ö¸Êý»ºÂý»ØÉýÖÁ 53.2 ˮƽ£¬¾ÍÒµÊг¡ÕûÌå¸ÄÉÆ£¬Ê§
ÒµÂÊÎȶ¨ÔÚ 4.9%×óÓÒ¡£ÉÏ°ëÄêÅ·ÔªÇø¾¼ÃÑÓÐøÈõÊƸ´ËÕ̬ÊÆ£¬ÖÆÔìÒµ PMI Ö¸ÊýС·ù»ØÂäÖÁ 51.9 ¸½
½ü£¬CPIͬ±ÈÔöËÙС·ùÉÏÐÐÖÁ 0.1%×óÓÒ£»²»¹ý£¬ÊÜÓ¢¹ú¹«Í¶ÍÑÅ·µÄ¸ºÃæ³å»÷£¬Å·ÃËͳ¼Æ¾ÖÊý¾ÝÏÔʾ
6 Ô·ݵķþÎñÒµ¡¢ÁãÊÛÒµºÍ½¨ÖþÒµÐÅÐÄÃ÷ÏÔ¶ñ»¯£¬Ïû·ÑÕßÒ²±äµÃ¸üΪ±¯¹Û¡£×ÛºÏÀ´¿´£¬ÃÀ¹úÈÔÊÇÈ«
Çò¸´ËÕÇ°¾°×îºÃµÄ¾¼ÃÌ壬ÊÜÃÀÁª´¢¼ÓÏ¢Ô¤ÆÚ·´¸´Ó°Ï죬ÃÀÔªÖ¸ÊýÔÚ 94-96×óÓÒµÄÇø¼äÕ·ù²¨¶¯¡£
¹úÄÚ¾¼Ã·½Ã棬ÔÚÇ°ÆÚ¡°ÎÈÔö³¤¡±Õþ²ß´Ì¼¤¼°¹ú¼Ê´ó×ÚÉÌÆ·¼Û¸ñ½×¶ÎÐÔÉÏÐеÄÄÚÍâÒòËØÓ°ÏìÏ£¬
¾¼ÃÁìÏÈÖ¸±êÕûÌåÈÔÊÇÕðµ´×ßÈõ£¬ÏÂÐÐѹÁ¦²¢Î´Ïû³ý¡£¾ßÌåÀ´¿´£¬¶þ¼¾¶ÈÁìÏÈÖ¸±êÖÆÔìÒµ PMI»ºÂý
ÖÐÒøÎȽ¡Ë«ÀûծȯÐÍ֤ȯͶ×Ê»ù½ð 2016Äê°ëÄê¶È±¨¸æ
µÚ 12Ò³¹² 46Ò³
ÏÂÐÐÖÁ 50.0µÄÈÙ¿ÝÏ߸½½ü£¬Í¬²½Ö¸±ê¹¤ÒµÔö¼Óֵͬ±ÈÔöËÙ 1-6 ÔÂÀÛ¼ÆÔö³¤ 6.0%£¬ÈÔ´¦ÓڽϵÍˮƽ¡£
´Ó¾¼ÃÔö³¤¶¯Á¦À´¿´£¬À¶¯¾¼ÃµÄÈý¼ÝÂí³µÒÔÏ»¬ÎªÖ÷£º1-6ÔÂÏû·ÑÔöËÙС·ù»ØÂäÖÁ 10.3%£¬6Ô³ö
¿ÚÔöËÙ¼ÌÐøÏ»¬Ö