1
ÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©
¸üÐÂÕÐļ˵Ã÷Êé
ÖØÒªÌáʾ
Ðųϻù½ð¹ÜÀíÓÐÏÞ¹«Ë¾¾ÖйúÖ¤¼à»áÅú×¼ÓÚ 2005 Äê 9 Ô 30 ÈÕ×¢²á³ÉÁ¢¡£ÒòÒµÎñ·¢Õ¹Ðè
Òª£¬¾¹ú¼Ò¹¤ÉÌ×ֺܾË×¼£¬¹«Ë¾Ãû³ÆÓÉ¡°Ðųϻù½ð¹ÜÀíÓÐÏÞ¹«Ë¾¡±±ä¸üΪ¡°ÖÐÐű£³Ï»ù½ð¹Ü
ÀíÓÐÏÞ¹«Ë¾¡±£¨ÒÔϼò³Æ¡°ÎÒ˾¡±£©£¬²¢ÓÉÉϺ£Êй¤ÉÌÐÐÕþ¹ÜÀí¾ÖÓÚ 2017 Äê 12 Ô 18 Èպ˷¢ÐÂ
µÄÓªÒµÖ´ÕÕ¡£
¸ù¾Ý¡¶ÖлªÈËÃñ¹²ºÍ¹úºÏͬ·¨¡·µÚÆßÊ®ÁùÌõµÄ¹æ¶¨£¬ºÏͬµ±ÊÂÈËÃû³Æ±ä¶¯²»Ó°ÏìºÏͬÒå
ÎñµÄÂÄÐС£±¾´ÎÎÒ˾Ãû³Æ±ä¸üºó£¬ÒÔ¡°Ðųϻù½ð¹ÜÀíÓÐÏÞ¹«Ë¾¡±»ò¡°ÖÐÐű£³Ï»ù½ð¹ÜÀíÓÐÏÞ
¹«Ë¾¡±Ç©ÊðµÄµÄ·¨ÂÉÎļþ£¨°üÀ¨µ«²»ÏÞÓÚ¹«Ë¾ºÏͬ¡¢¹«¸æµÈ£¬ÒÔϼò³Æ¡°Ô·¨ÂÉÎļþ¡±£©²»
ÊÜÈκÎÓ°Ï죬ÎÒ˾½«°´ÕÕÔ¼¶¨ÂÄÐÐȨÀûÒåÎñ¡£ÈçÔ·¨ÂÉÎļþ¼þ¶ÔÉúЧÌõ¼þ¡¢ÓÐЧÆÚÏÞ½øÐÐÌØ
±ð˵Ã÷µÄ£¬ÒÔÔ·¨ÂÉÎļþµÄ˵Ã÷Ϊ׼¡£
±¾»ù½ðļ¼¯ÉêÇëÒÑÓÚ 2011 Äê 9 Ô 16 ÈÕ»ñÖйúÖ¤¼à»áÖ¤¼àÐí¿É¡º2011¡»1477 ºÅÎĺË×¼¡£
±¾»ù½ð¹ÜÀíÈ˱£Ö¤ÕÐļ˵Ã÷ÊéµÄÄÚÈÝÕæʵ¡¢×¼È·¡¢ÍêÕû¡£±¾ÕÐļ˵Ã÷Êé¾ÖйúÖ¤¼à»áºË
×¼£¬µ«ÖйúÖ¤¼à»á¶Ô±¾»ù½ðļ¼¯µÄºË×¼£¬²¢²»±íÃ÷Æä¶Ô±¾»ù½ðµÄ¼ÛÖµºÍÊÕÒæ×÷³öʵÖÊÐÔÅжÏ
»ò±£Ö¤£¬Ò²²»±íÃ÷Ͷ×ÊÓÚ±¾»ù½ðûÓзçÏÕ¡£
±¾»ù½ð¹ÜÀíÈ˳ÐŵÒÀÕÕ㡾¡Ö°ÊØ¡¢³ÏʵÐÅÓᢽ÷É÷ÇÚÃãµÄÔÔò¹ÜÀíºÍÔËÓûù½ð²Æ²ú£¬µ«
²»±£Ö¤Í¶×ʱ¾»ù½ðÒ»¶¨Ó¯Àû£¬Ò²²»±£Ö¤×îµÍÊÕÒæ¡£µ±Í¶×ÊÕßÊê»Øʱ£¬ËùµÃ»ò»á¸ßÓÚ»òµÍÓÚͶ
×ÊÕßÏÈÇ°ËùÖ§¸¶µÄ½ð¶î¡£»ù½ð¹ÜÀíÈËÌáÐÑͶ×ÊÕß»ù½ðͶ×ʵġ°ÂòÕß×Ô¸º¡±ÔÔò£¬ÔÚ×÷³öͶ×Ê
¾ö²ßºó£¬»ù½ðÔËӪ״¿öÓë»ù½ð¾»Öµ±ä»¯ÒýÖµÄͶ×Ê·çÏÕ£¬ÓÉͶ×ÊÕß×ÔÐге£¡£
±¾»ù½ðͶ×ÊÓÚ¾³Íâ֤ȯÊг¡£¬»ù½ð¾»Öµ»áÒòΪ֤ȯÊг¡²¨¶¯µÈÒòËزúÉú²¨¶¯£¬Í¶×ÊÕ߸ù
¾ÝËù³ÖÓзݶîÏíÊÜ»ù½ðµÄÊÕÒ棬µ«Í¬Ê±Ò²Òª³Ðµ£ÏàÓ¦µÄͶ×Ê·çÏÕ¡£Í¶×ÊÕßÔÚͶ×ʱ¾»ù½ðÇ°£¬
ӦȫÃæÁ˽Ȿ»ù½ðµÄ²úÆ·ÌØÐÔ£¬³ä·Ö¿¼ÂÇ×ÔÉíµÄ·çÏÕ³ÐÊÜÄÜÁ¦£¬ÀíÐÔÅжÏÊг¡£¬²¢³Ðµ£»ù½ð
Ͷ×ÊÖгöÏֵĸ÷Àà·çÏÕ£¬°üÀ¨£ºÒòÕûÌåÕþÖΡ¢¾¼Ã¡¢Éç»áµÈ»·¾³ÒòËضÔ֤ȯ¼Û¸ñ²úÉúÓ°Ïì¶ø
ÐγɵÄϵͳÐÔ·çÏÕ£¬¸ö±ð֤ȯÌØÓеķÇϵͳÐÔ·çÏÕ£¬ÓÉÓÚ»ù½ðͶ×ÊÕßÁ¬Ðø´óÁ¿Êê»Ø»ù½ð²úÉú
µÄÁ÷¶¯ÐÔ·çÏÕ£¬»ù½ð¹ÜÀíÈËÔÚ»ù½ð¹ÜÀíʵʩ¹ý³ÌÖвúÉúµÄ»ù½ð¹ÜÀí·çÏÕ£¬¾³ÍâÊг¡ÌØÓеĻã
ÂÊ·çÏÕ¼°ÆäËûÌض¨·çÏյȡ£±¾»ù½ðÖ÷ҪͶ×ÊÈ«ÇòÉÌÆ·Àà»ù½ð£¬ÉÌÆ·¼Û¸ñ¾ßÓнϸߵIJ¨¶¯ÐÔ£¬
Òò´Ë£¬±¾»ù½ðÊôÓڽϸßÔ¤ÆÚ·çÏպͽϸßÔ¤ÆÚÊÕÒæµÄ֤ȯͶ×Ê»ù½ðÆ·ÖÖ¡£
ÔÚÉÏÊн»Ò×Æڼ䣬Èç¼ÌÐø½ÓÊÜÉ깺¿ÉÄܵ¼Ö±¾»ù½ðÍ»Æƹú¼ÒÍâ»ã¾ÖÅú×¼µÄÍâ»ã¶î¶È£¬±¾ÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©¸üÐÂÕÐļ˵Ã÷Êé
2
»ù½ð½«ÔÝÍ£É깺£¬ÓÉ´Ë¿ÉÄܵ¼Ö¶þ¼¶Êг¡¼Û¸ñ³öÏֽϴ󲨶¯¡£µ±±¾»ù½ðÒòÍâ»ã¶î¶ÈÔÒòÔÝÍ£
É깺ÆÚ¼ä³öÏÖÁ˽ϸߵÄÕÛÒç¼ÛÂÊ£¬ÕÛÒç¼ÛÂÊ¿ÉÄÜÒò¹ú¼ÒÍâ»ã¾ÖÅú×¼»ù½ð¹ÜÀíÈËÐÂÔöÍâ»ã¶î¶È
ÒÔ¼°±¾»ù½ð»Ö¸´É깺ҵÎñ¶ø´ó·ùËõС£¬Òà¿ÉÄܵ¼Ö±¾»ù½ð¶þ¼¶Êг¡¼Û¸ñ³öÏֽϴ󲨶¯¡£±¾»ù
½ð¶þ¼¶Êг¡ÊÕÅ̼ÛÕÛÒç¼ÛÂÊ¿ÉÄÜÒò´ó×ÚÉÌÆ·¼Û¸ñ²¨¶¯µÈÊг¡ÒòËØ·¢Éú½Ï´ó±ä¶¯¡£
µ±±¾»ù½ð³ÖÓÐÌض¨×ʲúÇÒ´æÔÚ»òDZÔÚ´ó¶îÊê»ØÉêÇëʱ£¬»ù½ð¹ÜÀíÈËÂÄÐÐÏàÓ¦³ÌÐòºó£¬¿É
ÒÔÆôÓòà´ü»úÖÆ£¬¾ßÌåÏê¼û»ù½ðºÏͬºÍ±¾ÕÐļ˵Ã÷Êé¡°²à´ü»úÖÆ¡±µÈÓйØÕ½ڡ£²à´ü»úÖÆʵ
Ê©Æڼ䣬»ù½ð¹ÜÀíÈ˽«¶Ô»ù½ð¼ò³Æ½øÐÐÌØÊâ±êʶ£¬²¢²»°ìÀí²à´üÕË»§µÄÉ깺Êê»Ø¡£Çë»ù½ð·Ý
¶î³ÖÓÐÈË×ÐϸÔĶÁÏà¹ØÄÚÈݲ¢¹Ø×¢±¾»ù½ðÆôÓòà´ü»úÖÆʱµÄÌض¨·çÏÕ¡£
»ù½ðµÄ¹ýÍùÒµ¼¨²¢²»Ô¤Ê¾ÆäδÀ´±íÏÖ¡£»ù½ð¹ÜÀíÈËËù¹ÜÀíµÄÆäËü»ù½ðµÄÒµ¼¨²¢²»¹¹³É¶Ô
±¾»ù½ðÒµ¼¨±íÏֵı£Ö¤¡£Í¶×ÊÓзçÏÕ£¬Í¶×ÊÕßÔÚÈϹº£¨»òÉ깺£©±¾»ù½ðʱӦÈÏÕæÔĶÁ±¾»ù½ð
µÄÕÐļ˵Ã÷Êé¡¢»ù½ðºÏͬ¼°»ù½ð²úÆ·×ÊÁϸÅÒª¡£
±¾¸üÐÂÕÐļ˵Ã÷Êé¸ù¾Ý±¾»ù½ð¹ÜÀíÈËÓÚ 2021 Äê 7 Ô 22 ÈÕÅû¶µÄ¡¶ÖÐÐű£³Ï»ù½ð¹ÜÀíÓÐ
ÏÞ¹«Ë¾¹ØÓÚÆìϲ¿·Ö»ù½ðÔö¼Ó²à´ü»úÖƲ¢Ð޸Ļù½ðºÏͬ¼°ÍйÜÐÒéµÄ¹«¸æ¡·ÐÞ¶©ÁËÏà¹ØÕÂ
½Ú£¬ÉÏÊö¸üÐÂÄÚÈÝ×Ô 2021 Äê 7 Ô 22 ÈÕÆðÉúЧ£¬»ù½ð¹ÜÀíÈËÏà¹ØÄÚÈÝÒ»²¢¸üУ»ÆäÓàËùÔØÄÚ
ÈݽØÖ¹ÈÕÈôÎÞÌرð˵Ã÷Ϊ 2021 Äê 4 Ô 26 ÈÕ£¬ÓйزÆÎñÊý¾ÝºÍ¾»Öµ±íÏÖ½ØÖ¹ÈÕΪ 2021 Äê 3
Ô 31 ÈÕ£¨Î´¾Éó¼Æ£©¡£
»ù½ð¹ÜÀíÈË£ºÖÐÐű£³Ï»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾
»ù½ðÍйÜÈË£ºÖйúÒøÐйɷÝÓÐÏÞ¹«Ë¾
ÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©¸üÐÂÕÐļ˵Ã÷Êé
Ŀ ¼
Ò»¡¢Ð÷ÑÔ ............................................................................................................................................ 2
¶þ¡¢ÊÍÒå ............................................................................................................................................ 2
Èý¡¢·çÏÕ½Òʾ ................................................................................................................................ 7
ËÄ¡¢»ù½ðµÄͶ×Ê ......................................................................................................................... 13
Îå¡¢»ù½ðµÄÒµ¼¨ ......................................................................................................................... 27
Áù¡¢»ù½ð¹ÜÀíÈË ......................................................................................................................... 29
Æß¡¢»ù½ðµÄļ¼¯ ......................................................................................................................... 35
°Ë¡¢»ù½ðºÏͬµÄÉúЧ .............................................................................................................. 35
¾Å¡¢»ù½ð·Ý¶îµÄÉÏÊн»Ò× ................................................................................................... 36
Ê®¡¢»ù½ð·Ý¶îµÄÉ깺ÓëÊê»Ø ............................................................................................. 37
ʮһ¡¢»ù½ðµÄתÍйܡ¢·Ç½»Ò×¹ý»§¡¢¶³½áÓëÖÊ ÑºµÈÒµÎñ .......................... 45
Ê®¶þ¡¢»ù½ðµÄ·ÑÓÃÓëË°ÊÕ ................................................................................................... 46
Ê®Èý¡¢»ù½ðµÄ²Æ²ú ................................................................................................................... 48
Ê®ËÄ¡¢»ù½ð×ʲú¹ÀÖµ .............................................................................................................. 49
Ê®Îå¡¢»ù½ðµÄÊÕÒæÓë·ÖÅä ................................................................................................... 51
Ê®Áù¡¢»ù½ðµÄ»á¼ÆºÍ Éó ¼Æ ................................................................................................... 53
Ê®Æß¡¢»ù½ðµÄÐÅÏ¢Åû¶ ........................................................................................................ 53
Ê®°Ë¡¢²à´ü»úÖÆ ......................................................................................................................... 57
Ê®¾Å¡¢»ù½ðºÏͬµÄ±ä¸ü¡¢ÖÕÖ¹Óë»ù½ð²Æ²úµÄÇå Ëã ............................................. 1
¶þÊ®¡¢»ù½ðÍйÜÈË ..................................................................................................................... 2
¶þʮһ¡¢¾³ÍâÍйÜÈË ................................................................................................................ 3
¶þÊ®¶þ¡¢Ïà¹Ø·þÎñ»ú¹¹ .......................................................................................................... 8
¶þÊ®Èý¡¢»ù½ðºÏͬµÄÄÚÈÝÕªÒª ......................................................................................... 9
¶þÊ®ËÄ¡¢»ù½ðÍйÜÐÒéµÄÄÚÈÝÕªÒª ............................................................................ 19
¶þÊ®Îå¡¢¶Ô»ù½ð·Ý¶î³ÖÓÐÈ˵ķþÎñ ............................................................................ 28
¶þÊ®Áù ¡¢ Æä Ëû Ó¦ Åû ¶ Ê Ïî ................................................................................................... 29
¶þÊ®Æß¡¢ÕÐļ˵Ã÷Êé´æ·Å¼°²éÔÄ·½Ê½ ....................................................................... 31
¶þÊ®°Ë¡¢±¸²éÎļþ ................................................................................................................... 31
ÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©¸üÐÂÕÐļ˵Ã÷Êé
2
Ò»¡¢Ð÷ÑÔ
±¾ÕÐļ˵Ã÷ÊéÒÀ¾Ý¡¶ÖлªÈËÃñ¹²ºÍ¹ú֤ȯͶ×Ê»ù½ð·¨¡·£¨ÒÔϼò³Æ¡°¡¶»ù½ð·¨¡·¡±£©¡¢¡¶¹«¿ªÄ¼
¼¯Ö¤È¯Í¶×Ê»ù½ðÔË×÷¹ÜÀí°ì·¨¡·£¨ÒÔϼò³Æ¡°¡¶ÔË×÷°ì·¨¡·¡±£©¡¢¡¶Ö¤È¯Í¶×Ê»ù½ðÏúÊÛ¹ÜÀí°ì·¨¡·£¨ÒÔ
ϼò³Æ¡°¡¶ÏúÊÛ°ì·¨¡·¡±£©¡¢¡¶¹«¿ªÄ¼¼¯Ö¤È¯Í¶×Ê»ù½ðÐÅÏ¢Åû¶¹ÜÀí°ì·¨¡·£¨ÒÔϼò³Æ¡°¡¶ÐÅÏ¢Åû¶
°ì·¨¡·¡±£©¡¢¡¶¹«¿ªÄ¼¼¯¿ª·Åʽ֤ȯͶ×Ê»ù½ðÁ÷¶¯ÐÔ·çÏÕ¹ÜÀí¹æ¶¨¡·£¨ÒÔϼò³Æ¡¶Á÷¶¯ÐÔ·çÏÕ¹ÜÀí
¹æ¶¨¡·£©¡¢¡¶ºÏ¸ñ¾³ÄÚ»ú¹¹Í¶×ÊÕß¾³Íâ֤ȯͶ×ʹÜÀíÊÔÐа취¡·£¨ÒÔϼò³Æ¡°¡¶ÊÔÐа취¡·¡±£©¡¢¡¶¹Ø
ÓÚʵʩ¡´ºÏ¸ñ¾³ÄÚ»ú¹¹Í¶×ÊÕß¾³Íâ֤ȯͶ×ʹÜÀíÊÔÐа취¡µÓйØÎÊÌâµÄ֪ͨ¡·£¨ÒÔϼò³Æ¡°¡¶Í¨
Öª¡·¡±£©µÈÓйط¨ÂÉ·¨¹æÒÔ¼°¡¶ÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©»ù½ðºÏͬ¡·£¨ÒÔϼò³Æ
¡°»ù½ðºÏͬ¡±£©±àд¡£
±¾ÕÐļ˵Ã÷Êé²ûÊöÁËÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©£¨ÒÔϼò³Æ¡°»ù½ð¡±»ò¡°±¾
»ù½ð¡±£©µÄͶ×ÊÄ¿±ê¡¢²ßÂÔ¡¢·çÏÕ¡¢·ÑÂʵÈÓëͶ×ÊÕßͶ×ʾö²ßÓйصÄÈ«²¿±ØÒªÊÂÏͶ×ÊÕßÔÚ
×ö³öͶ×ʾö²ßÇ°Ó¦×ÐϸÔĶÁ±¾ÕÐļ˵Ã÷Êé¡£
±¾»ù½ð¹ÜÀíÈ˳Ðŵ±¾ÕÐļ˵Ã÷Êé²»´æÔÚÈκÎÐé¼Ù¼ÇÔØ¡¢Îóµ¼ÐÔ³ÂÊö»òÖØ´óÒÅ©£¬²¢¶ÔÆäÕæ
ʵÐÔ¡¢×¼È·ÐÔ¡¢ÍêÕûÐԳе£·¨ÂÉÔðÈΡ£
±¾»ù½ðÊǸù¾Ý±¾ÕÐļ˵Ã÷ÊéËùÔØÃ÷µÄ×ÊÁÏÉêÇëļ¼¯µÄ¡£±¾»ù½ð¹ÜÀíÈËûÓÐίÍлòÊÚȨÈκÎ
ÆäËûÈËÌṩδÔÚ±¾ÕÐļ˵Ã÷ÊéÖÐÔØÃ÷µÄÐÅÏ¢£¬»ò¶Ô±¾ÕÐļ˵Ã÷Êé×÷ÈκνâÊÍ»òÕß˵Ã÷¡£
±¾ÕÐļ˵Ã÷Êé¸ù¾Ý±¾»ù½ðµÄ»ù½ðºÏͬ±àд£¬²¢¾ÖйúÖ¤¼à»áºË×¼¡£»ù½ðºÏͬÊÇÔ¼¶¨»ù½ðµ±
ÊÂÈËÖ®¼äȨÀû¡¢ÒåÎñµÄ·¨ÂÉÎļþ¡£»ù½ðͶ×ÊÕß×ÔÒÀ»ù½ðºÏͬȡµÃ»ù½ð·Ý¶î£¬¼´³ÉΪ»ù½ð·Ý¶î³Ö
ÓÐÈ˺ͻù½ðºÏͬµ±ÊÂÈË£¬Æä³ÖÓлù½ð·Ý¶îµÄÐÐΪ±¾Éí¼´±íÃ÷Æä¶Ô»ù½ðºÏͬµÄ³ÐÈϺͽÓÊÜ£¬²¢°´
ÕÕ¡¶»ù½ð·¨¡·¡¢»ù½ðºÏͬ¼°ÆäËûÓйع涨ÏíÓÐȨÀû¡¢³Ðµ£ÒåÎñ¡£»ù½ðͶ×ÊÕßÓûÁ˽Ȿ»ù½ð·Ý¶î
³ÖÓÐÈ˵ÄȨÀûºÍÒåÎñ£¬Ó¦Ïêϸ²éÔÄ»ù½ðºÏͬ¡£
¶þ¡¢ÊÍÒå
¡¶ÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©ÕÐļ˵Ã÷Êé¡·ÖУ¬³ý·ÇÎÄÒâÁíÓÐËùÖ¸£¬ÏÂÁдÊ
Óï»ò¼ò³Æ¾ßÓÐÈçϺ¬Ò壺
»ù½ð»ò±¾»ù½ð£º Ö¸ÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©£»
»ù½ðºÏͬ£º Ö¸¡¶ÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©»ù½ðºÏͬ¡·¼°
¶Ô¸ÃºÏͬµÄÈκÎÓÐЧÐÞ¶©ºÍ²¹³ä£»
ÕÐļ˵Ã÷Êé»ò±¾ÕÐļ˵Ã÷
Ê飺
Ö¸¡¶ÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©ÕÐļ˵Ã÷Êé¡·
¼°Æä¸üУ»
ÍйÜÐÒ飺 Ö¸¡¶ÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©ÍйÜÐÒé¡·¼°ÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©¸üÐÂÕÐļ˵Ã÷Êé
3
ÆäÈκÎÓÐЧÐÞ¶©ºÍ²¹³ä£»
·¢ÊÛ¹«¸æ£º Ö¸¡¶ÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©·¢ÊÛ¹«¸æ¡·£»
Öйú£º Ö¸ÖлªÈËÃñ¹²ºÍ¹ú£¨½öΪ»ù½ðºÏͬĿµÄ£¬²»°üÀ¨ÖйúÏã¸ÛÌØ
±ðÐÐÕþÇø¡¢°ÄÃÅÌرðÐÐÕþÇø¼°Ì¨ÍåµØÇø£©£»
ÒµÎñ¹æÔò£º Ö¸ÖÐÐű£³Ï»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾¡¢ÉîÛÚ֤ȯ½»Ò×ËùºÍÖйú֤ȯ
µÇ¼Ç½áËãÓÐÏÞÔðÈι«Ë¾µÄÏà¹ØÒµÎñ¹æÔò£»
ÖйúÖ¤¼à»á£º Ö¸Öйú֤ȯ¼à¶½¹ÜÀíίԱ»á£»
ÖйúÒø¼à»á£º Ö¸ÖйúÒøÐÐÒµ¼à¶½¹ÜÀíίԱ»á£»
Íâ¹Ü¾Ö£º Ö¸¹ú¼ÒÍâ»ã¹ÜÀí¾Ö£»
¡¶»ù½ð·¨¡·£º Ö¸¡¶ÖлªÈËÃñ¹²ºÍ¹ú֤ȯͶ×Ê»ù½ð·¨¡·£»
¡¶ÐÅÏ¢Åû¶°ì·¨¡·£º Ö¸ÖйúÖ¤¼à»á 2019 Äê 7 Ô 26 ÈÕ°ä²¼¡¢Í¬Äê 9 Ô 1 ÈÕʵʩµÄ
¡¶¹«¿ªÄ¼¼¯Ö¤È¯Í¶×Ê»ù½ðÐÅÏ¢Åû¶¹ÜÀí°ì·¨¡·¼°°ä²¼»ú¹Ø¶Ô
Æ䲻ʱ×ö³öµÄÐÞ¶©£»
¡¶Á÷¶¯ÐÔ·çÏÕ¹ÜÀí¹æ¶¨¡·£º Ö¸¡¶¹«¿ªÄ¼¼¯¿ª·Åʽ֤ȯͶ×Ê»ù½ðÁ÷¶¯ÐÔ·çÏÕ¹ÜÀí¹æ¶¨¡·£»
Ôª£º ÈçÎÞÌØÖ¸£¬Ö¸ÈËÃñ±Ò£»
»ù½ðºÏͬµ±ÊÂÈË£º Ö¸ÊÜ»ù½ðºÏͬԼÊø£¬¸ù¾Ý»ù½ðºÏͬÏíÊÜȨÀû²¢³Ðµ£ÒåÎñµÄ·¨
ÂÉÖ÷Ì壬°üÀ¨»ù½ð¹ÜÀíÈË¡¢»ù½ðÍйÜÈ˺ͻù½ð·Ý¶î³ÖÓÐÈË£»
»ù½ð¹ÜÀíÈË£º Ö¸ÖÐÐű£³Ï»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾£»
»ù½ðÍйÜÈË£º Ö¸ÖйúÒøÐйɷÝÓÐÏÞ¹«Ë¾£»
¾³ÍâÍйÜÈË£º Ö¸»ù½ðÍйÜÈËίÍеġ¢¸ºÔð»ù½ð¾³Íâ²Æ²úµÄ±£¹Ü¡¢´æ¹Ü¡¢Çå
ËãµÈÒµÎñµÄ½ðÈÚ»ú¹¹£»
Ͷ×ʹËÎÊ£º ÊÇÖ¸·ûºÏ¡¶ÊÔÐа취¡·¹æ¶¨µÄÌõ¼þ£¬¸ù¾Ý»ù½ð¹ÜÀíÈËÓëÆäÇ©
¶©µÄºÏͬΪ»ù½ð¹ÜÀíÈ˾³Íâ֤ȯͶ×ÊÌṩ֤ȯÂòÂô½¨Òé»òͶ
×Ê×éºÏ¹ÜÀíµÈ·þÎñ²¢È¡µÃÊÕÈëµÄ¾³Íâ½ðÈÚ»ú¹¹¡£»ù½ð¹ÜÀíÈË
ÓÐȨ¸ù¾Ý»ù½ðÔË×÷Çé¿öÑ¡Ôñ¡¢¸ü»»»ò³·ÏúͶ×ʹËÎÊ£»
µÇ¼ÇÒµÎñ£º Ö¸±¾»ù½ðµÇ¼Ç¡¢´æ¹Ü¡¢ÇåËãºÍ½»ÊÕÒµÎñ£¬¾ßÌåÄÚÈÝ°üÀ¨Í¶×Ê
Õß»ù½ðÕË»§¹ÜÀí¡¢»ù½ð·Ý¶îµÇ¼Ç¡¢ÇåËã¼°»ù½ð½»Ò×È·ÈÏ¡¢·¢
·ÅºìÀû¡¢½¨Á¢²¢±£¹Ü»ù½ð·Ý¶î³ÖÓÐÈËÃû²áµÈ£»
µÇ¼Ç»ú¹¹£º Ö¸°ìÀí±¾»ù½ðµÇ¼ÇÒµÎñµÄ»ú¹¹¡£±¾»ù½ðµÄµÇ¼Ç»ú¹¹ÎªÖÐÐű£
³Ï»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾»ò½ÓÊÜÖÐÐű£³Ï»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾Î¯ÍÐ
´úΪ°ìÀí±¾»ù½ðµÇ¼ÇÒµÎñµÄ»ú¹¹£»
Ͷ×ÊÕߣº Ö¸¸öÈËͶ×ÊÕß¡¢»ú¹¹Í¶×ÊÕߺͷ¨ÂÉ·¨¹æ»òÖйúÖ¤¼à»áÔÊÐí¹º
Âò֤ȯͶ×Ê»ù½ðµÄÆäËûͶ×ÊÕߣ»
¸öÈËͶ×ÊÕߣº Ö¸ÄêÂú 18 ÖÜË꣬ÒÀ¾ÝÖлªÈËÃñ¹²ºÍ¹úÓйط¨ÂÉ·¨¹æ¿ÉÒÔͶ×ÊÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©¸üÐÂÕÐļ˵Ã÷Êé
4
ÓÚ֤ȯͶ×Ê»ù½ðµÄ×ÔÈ»ÈË£»
»ú¹¹Í¶×ÊÕߣº Ö¸ÔÚÖйú¾³ÄںϷ¨×¢²áµÇ¼Ç»ò¾ÓÐȨÕþ¸®²¿ÃÅÅú×¼ÉèÁ¢ºÍÓÐ
Ч´æÐø²¢ÒÀ·¨¿ÉÒÔͶ×ÊÓÚ֤ȯͶ×Ê»ù½ðµÄÆóÒµ·¨ÈË¡¢ÊÂÒµ·¨
ÈË¡¢Éç»áÍÅÌå»òÆäËû×éÖ¯£»
»ù½ð·Ý¶î³ÖÓÐÈË£º Ö¸ÒÀÕÐļ˵Ã÷ÊéºÍ»ù½ðºÏͬºÏ·¨È¡µÃ±¾»ù½ð»ù½ð·Ý¶îµÄͶ×Ê
Õߣ»
»ù½ðļ¼¯ÆÚ£º Ö¸»ù½ðºÏͬºÍÕÐļ˵Ã÷ÊéÖÐÔØÃ÷£¬²¢¾ÖйúÖ¤¼à»áºË×¼µÄ»ù
½ð·Ý¶îļ¼¯ÆÚÏÞ£¬×Ô»ù½ð·Ý¶î·¢ÊÛÖ®ÈÕÆð×²»³¬¹ýÈý¸öÔ£»
»ù½ðºÏͬÉúЧÈÕ£º »ù½ðļ¼¯´ïµ½·¨Âɹ涨¼°»ù½ðºÏͬԼ¶¨µÄÌõ¼þ£¬»ù½ð¹ÜÀíÈË
ƸÇë·¨¶¨»ú¹¹Ñé×ʲ¢°ìÀíÍê±Ï»ù½ðºÏͬ±¸°¸ÊÖÐø,»ñµÃÖйú
Ö¤¼à»áÊéÃæÈ·ÈÏÖ®ÈÕ£»
´æÐøÆÚ£º Ö¸»ù½ðºÏͬÉúЧÖÁÖÕÖ¹Ö®¼äµÄ²»¶¨ÆÚÆÚÏÞ£»
ÈÕ/Ì죺 Ö¸¹«ÀúÈÕ£»
Ô£º Ö¸¹«ÀúÔ£»
¹¤×÷ÈÕ£º Ö¸ÉϺ£Ö¤È¯½»Ò×ËùºÍÉîÛÚ֤ȯ½»Ò×ËùµÄÕý³£½»Ò×ÈÕ£»
¿ª·ÅÈÕ£º Ö¸»ù½ð¹ÜÀíÈËָΪͶ×ÊÕß°ìÀí»ù½ðÉ깺¡¢Êê»ØµÈÒµÎñµÄ¹¤×÷
ÈÕ£»
ÈϹº£º Ö¸ÔÚ»ù½ðļ¼¯ÆÚÄÚ£¬Í¶×ÊÕß°´ÕÕ»ù½ðºÏͬµÄ¹æ¶¨ÉêÇ빺Âò±¾
»ù½ð»ù½ð·Ý¶îµÄÐÐΪ£»
É깺£º Ö¸ÔÚ»ù½ðºÏͬÉúЧºóµÄ´æÐøÆڼ䣬Ͷ×ÊÕßÉêÇ빺Âò±¾»ù½ð»ù
½ð·Ý¶îµÄÐÐΪ£»
Êê»Ø£º Ö¸ÔÚ»ù½ðºÏͬÉúЧºóµÄ´æÐøÆڼ䣬»ù½ð·Ý¶î³ÖÓÐÈË°´»ù½ðºÏ
ͬ¹æ¶¨µÄÌõ¼þÒªÇó»ù½ð¹ÜÀíÈËÂô³ö±¾»ù½ð»ù½ð·Ý¶îµÄÐÐΪ£»
»ù½ðת»»£º Ö¸»ù½ð·Ý¶î³ÖÓÐÈË°´»ù½ð¹ÜÀíÈ˹涨µÄÌõ¼þ£¬ÉêÇ뽫Æä³ÖÓÐ
µÄ»ù½ð¹ÜÀíÈ˹ÜÀíµÄijһ»ù½ðµÄ»ù½ð·Ý¶îת»»Îª»ù½ð¹ÜÀíÈË
¹ÜÀíµÄÆäËû»ù½ðµÄ»ù½ð·Ý¶îµÄÐÐΪ£»
Ͷ×ÊÖ¸Á Ö¸»ù½ð¹ÜÀíÈË»òÆäίÍеĵÚÈý·½»ú¹¹ÔÚÔËÓûù½ð²Æ²ú½øÐÐͶ
×Êʱ£¬Ïò»ù½ðÍйÜÈË·¢³öµÄ×ʽ𻮲¦¼°ÊµÎïȯµ÷²¦µÈÖ¸Á
´úÏú»ú¹¹£º Ö¸·ûºÏ¡¶ÏúÊÛ°ì·¨¡·ºÍÖйúÖ¤¼à»á¹æ¶¨µÄÆäËûÌõ¼þ£¬È¡µÃ»ù
½ð´úÏúÒµÎñ×ʸñ£¬²¢½ÓÊÜ»ù½ð¹ÜÀíÈËίÍдúΪ°ìÀí±¾»ù½ðÈÏ
¹º¡¢É깺¡¢Êê»ØºÍÆäËû»ù½ðÒµÎñµÄ»ú¹¹£»ÒÔ¼°È¡µÃ»ù½ð´úÏú
ÒµÎñ×ʸñ¡¢¿ÉÒÔͨ¹ýÉîÛÚ֤ȯ½»Ò×Ëù½»Ò×ϵͳ°ìÀí»ù½ðÏúÊÛ
ÒµÎñµÄÉîÛÚ֤ȯ½»Ò×Ëù»áÔ±µ¥Î»£»
»áÔ±µ¥Î»£º Ö¸¾ßÓлù½ð´úÏúÒµÎñ×ʸñµÄÉîÛÚ֤ȯ½»Ò×Ëù»áÔ±µ¥Î»£» ÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©¸üÐÂÕÐļ˵Ã÷Êé
5
ÏúÊÛ»ú¹¹£º Ö¸»ù½ð¹ÜÀíÈ˼°±¾»ù½ð´úÏú»ú¹¹£»
»ù½ðÏúÊÛÍøµã£º Ö¸»ù½ð¹ÜÀíÈ˵ÄÖ±ÏúÖÐÐļ°»ù½ð´úÏú»ú¹¹µÄ´úÏúÍøµã£»
Ö¸¶¨Ã½½é£º Ö¸ÖйúÖ¤¼à»áÖ¸¶¨µÄÓÃÒÔ½øÐÐÐÅÏ¢Åû¶µÄÈ«¹úÐÔ±¨¿¯¼°Ö¸¶¨
»¥ÁªÍøÍøÕ¾£¨°üÀ¨»ù½ð¹ÜÀíÈËÍøÕ¾¡¢»ù½ðÍйÜÈËÍøÕ¾¡¢Öйú
Ö¤¼à»á»ù½ðµç×ÓÅû¶ÍøÕ¾£©µÈý½é£»
»ù½ðÕË»§£º ָע²áµÇ¼Ç»ú¹¹Îª»ù½ðͶ×ÊÕß¿ªÁ¢µÄ¼Ç¼Æä³ÖÓеÄÓɸÃ×¢²á
µÇ¼Ç»ú¹¹°ìÀí×¢²áµÇ¼ÇµÄ»ù½ð·Ý¶îÓà¶î¼°Æä±ä¶¯Çé¿öµÄÕË
»§£»
½»Ò×ÕË»§£º Ö¸ÏúÊÛ»ú¹¹ÎªÍ¶×ÊÕß¿ªÁ¢µÄ¼Ç¼Ͷ×ÊÕßͨ¹ý¸ÃÏúÊÛ»ú¹¹°ìÀí
ÈϹº¡¢É깺¡¢Êê»Ø¡¢×ª»»¼°×ªÍйܵÈÒµÎñ¶øÒýÆðµÄ»ù½ð·Ý¶î
µÄ±ä¶¯¼°½áÓàÇé¿öµÄÕË»§£»
ÉîÛÚ֤ȯÕË»§£º Ö¸ÔÚÖйú֤ȯµÇ¼Ç½áËãÓÐÏÞÔðÈι«Ë¾ÉîÛÚ·Ö¹«Ë¾¿ªÉèµÄÉîÛÚ
֤ȯ½»Ò×ËùÈËÃñ±ÒÆÕͨ¹ÉƱÕË»§»ò֤ȯͶ×Ê»ù½ðÕË»§£¬Í¶×Ê
Õßͨ¹ýÉîÛÚ֤ȯ½»Ò×Ëù½»Ò×ϵͳ°ìÀí»ù½ð½»Òס¢É깺¡¢Êê»Ø
µÈÒµÎñʱÐè³ÖÓÐÉîÛÚ֤ȯÕË»§£»
T ÈÕ£º Ö¸ÏúÊÛ»ú¹¹ÊÜÀíͶ×ÊÕßÉ깺¡¢Êê»Ø»òÆäËûÒµÎñÉêÇëµÄ¿ª·ÅÈÕ£»
T+n ÈÕ£º Ö¸×Ô T ÈÕÆðµÚ n ¸ö¹¤×÷ÈÕ£¨²»°üÀ¨ T ÈÕ£©
ÏúÊÛ³¡Ëù£º Ö¸³¡ÍâÏúÊÛ³¡ËùºÍ³¡ÄÚ½»Ò׳¡Ëù£¬·Ö±ð¼ò³Æ³¡ÍâºÍ³¡ÄÚ£»
³¡Í⣺ Ö¸ÒÔ½»Ò×Ëù¿ª·Åʽ»ù½ð½»Ò×ϵͳÒÔÍâµÄ·½Ê½¡¢Í¨¹ýÏúÊÛ»ú¹¹
°ìÀí»ù½ðÏúÊÛÒµÎñµÄ³¡Ëù£»
³¡ÄÚ£º Ö¸ÒÔ½»Ò×Ëù¿ª·Åʽ»ù½ð½»Ò×ϵͳµÄ·½Ê½¡¢Í¨¹ýÏúÊÛ»ú¹¹°ìÀí
»ù½ðÏúÊÛÒµÎñµÄ³¡Ëù£»
·¢ÊÛ£º Ö¸ÔÚ±¾»ù½ðļ¼¯ÆÚÄÚ£¬ÏúÊÛ»ú¹¹ÏòͶ×ÊÕßÏúÊÛ±¾»ù½ð·Ý¶îµÄ
ÐÐΪ£»
µÇ¼Çϵͳ£º Ö¸Öйú֤ȯµÇ¼Ç½áËãÓÐÏÞÔðÈι«Ë¾¿ª·Åʽ»ù½ðµÇ¼Çϵͳ£»
֤ȯµÇ¼Ç½áËãϵͳ£º Ö¸Öйú֤ȯµÇ¼Ç½áËãÓÐÏÞÔðÈι«Ë¾ÉîÛÚ·Ö¹«Ë¾Ö¤È¯µÇ¼Ç½áËã
ϵͳ£»
ÉÏÊн»Ò×£º Ö¸»ù½ðºÏͬÉúЧºóͶ×ÊÕßͨ¹ý³¡ÄÚ»áÔ±µ¥Î»ÒÔ¼¯Öоº¼ÛµÄ·½
ʽÂòÂô»ù½ð·Ý¶îµÄÐÐΪ£»
ϵͳÄÚתÍйܣº Ö¸»ù½ð·Ý¶î³ÖÓÐÈ˽«³ÖÓеĻù½ð·Ý¶îÔÚ×¢²áµÇ¼ÇϵͳÄÚ²»Í¬
ÏúÊÛ»ú¹¹£¨Íøµã£©Ö®¼ä»ò֤ȯµÇ¼Ç½áËãϵͳÄÚ²»Í¬»áÔ±µ¥Î»
£¨Ï¯Î»£©Ö®¼ä½øÐÐתÍйܵÄÐÐΪ£»
¿çϵͳתµÇ¼Ç£º Ö¸»ù½ð·Ý¶î³ÖÓÐÈ˽«³ÖÓеĻù½ð·Ý¶îÔÚ×¢²áµÇ¼ÇϵͳºÍ֤ȯ
µÇ¼Ç½áËãϵͳ¼ä½øÐÐתµÇ¼ÇµÄÐÐΪ£» ÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©¸üÐÂÕÐļ˵Ã÷Êé
6
»ù½ðÀûÈó£º Ö¸»ù½ðÀûÏ¢ÊÕÈ롢Ͷ×ÊÊÕÒæ¡¢¹«ÔʼÛÖµ±ä¶¯ÊÕÒæºÍÆäËûÊÕÈë
¿Û³ýÏà¹Ø·ÑÓúóµÄÓà¶î£»»ù½ðÒÑʵÏÖÊÕÒæÖ¸»ù½ðÀûÈó¼õÈ¥¹«
ÔʼÛÖµ±ä¶¯ÊÕÒæºóµÄÓà¶î£»
»ù½ð×ʲú×ÜÖµ£º Ö¸»ù½ð¹ºÂòµÄ¸÷Àà֤ȯ¡¢ÒøÐдæ¿î±¾Ï¢¡¢Ó¦ÊÕÉ깺¿îÒÔ¼°Æä
Ëû×ʲúµÈÐÎʽ´æÔڵĻù½ð²Æ²úµÄ¼ÛÖµ×ܺͣ»
»ù½ð×ʲú¾»Öµ£º Ö¸»ù½ð×ʲú×ÜÖµ¼õÈ¥»ù½ð¸ºÕ®ºóµÄ¼ÛÖµ£»
»ù½ð·Ý¶î¾»Öµ£º Ö¸ÒÔ¼ÆËãÈÕ»ù½ð×ʲú¾»Öµ³ýÒÔ¼ÆËãÈÕ»ù½ð·Ý¶î×ܶîºóµÃ³öµÄ
»ù½ð·Ý¶î²Æ²ú¾»Öµ£»
»ù½ð×ʲú¹ÀÖµ£º Ö¸¼ÆËãÆÀ¹À»ù½ð×ʲúºÍ¸ºÕ®µÄ¼ÛÖµ£¬ÒÔÈ·¶¨»ù½ð×ʲú¾»ÖµºÍ
»ù½ð·Ý¶î¾»ÖµµÄ¹ý³Ì£»
·¨ÂÉ·¨¹æ£º Ö¸ÖлªÈËÃñ¹²ºÍ¹úÏÖÐÐÓÐЧµÄ·¨ÂÉ¡¢ÐÐÕþ·¨¹æ¡¢Ë¾·¨½âÊÍ¡¢
µØ·½·¨¹æ¡¢µØ·½¹æÕ¡¢²¿ÃŹæÕ¼°ÆäËû¹æ·¶ÐÔÎļþÒÔ¼°¶ÔÓÚ
¸ÃµÈ·¨ÂÉ·¨¹æµÄ²»Ê±Ð޸ĺͲ¹³ä£»
¹«Ë¾ÐÐΪÐÅÏ¢: ָ֤ȯ·¢ÐÐÈËËù¹«¸æµÄ»á»ò½«»áÓ°Ïìµ½»ù½ð×ʲúµÄ¼ÛÖµ¼°È¨
ÒæµÄÈκÎδÍê³É»òÒÑÍê³ÉµÄÐж¯£¬¼°ÆäËûÓë±¾»ù½ð³Ö²Ö֤ȯ
ËùͶ×ʵķ¢Ðй«Ë¾ÓйصÄÖØ´óÐÅÏ¢£¬°üÀ¨µ«²»ÏÞÓÚȨÒæÅÉ·¢¡¢
Åä¹É¡¢ÌáÇ°Êê»ØµÈÐÅÏ¢£»
²»¿É¿¹Á¦£º Ö¸Èκβ»ÄÜÔ¤¼û¡¢²»ÄܱÜÃâ¡¢²»ÄÜ¿Ë·þµÄ¿Í¹ÛÇé¿ö£¬°üÀ¨µ«
²»ÏÞÓÚ¡¶»ù½ð·¨¡·¼°ÆäËûÓйط¨ÂÉ·¨¹æ¼°ÖØ´óÕþ²ßµ÷Õû¡¢Ì¨
·ç¡¢ºéË®¡¢µØÕð¡¢Á÷Ðв¡¼°ÆäËû×ÔÈ»ÔÖº¦£¬Õ½Õù¡¢É§ÂÒ¡¢»ð
ÔÖ¡¢Õþ¸®Õ÷ÓᢽäÑÏ¡¢Ã»ÊÕ¡¢¿Ö²ÀÖ÷ÒåÐÐΪ¡¢Í»·¢Í£µç»òÆä
ËûÍ»·¢Ê¼þ¡¢Ö¤È¯½»Ò׳¡Ëù·ÇÕý³£ÔÝÍ£»òÍ£Ö¹½»Ò×µÈʼþ£»
»ù½ð²úÆ·×ÊÁϸÅÒª£º Ö¸¡¶ÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©»ù½ð²úÆ·×ÊÁÏ
¸ÅÒª¡·¼°Æä¸üУ»
²à´ü»úÖÆ£º Ö¸½«»ù½ðͶ×Ê×éºÏÖеÄÌض¨×ʲú´ÓÔÓÐÕË»§·ÖÀëÖÁÒ»¸öרÃÅ
ÕË»§½øÐд¦ÖÃÇåË㣬ĿµÄÔÚÓÚÓÐЧ¸ôÀë²¢»¯½â·çÏÕ£¬È·±£Í¶
×ÊÕߵõ½¹«Æ½¶Ô´ý£¬ÊôÓÚÁ÷¶¯ÐÔ·çÏÕ¹ÜÀí¹¤¾ß¡£²à´ü»úÖÆʵ
Ê©Æڼ䣬ÔÓÐÕË»§³ÆΪÖ÷´üÕË»§£¬×¨ÃÅÕË»§³ÆΪ²à´üÕË»§£»
Ìض¨×ʲú£º °üÀ¨£º£¨Ò»£©Î޿ɲο¼µÄ»îÔ¾Êг¡¼Û¸ñÇÒ²ÉÓùÀÖµ¼¼ÊõÈÔµ¼
Ö¹«ÔʼÛÖµ´æÔÚÖØ´ó²»È·¶¨ÐÔµÄ×ʲú£»£¨¶þ£©°´Ì¯Óà³É±¾¼Æ
Á¿ÇÒ¼ÆÌá×ʲú¼õÖµ×¼±¸ÈÔµ¼ÖÂ×ʲú¼ÛÖµ´æÔÚÖØ´ó²»È·¶¨ÐÔµÄ
×ʲú£»£¨Èý£©ÆäËû×ʲú¼ÛÖµ´æÔÚÖØ´ó²»È·¶¨ÐÔµÄ×ʲú¡£
ÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©¸üÐÂÕÐļ˵Ã÷Êé
7
Èý ¡¢ ·çÏÕ½Òʾ
Ͷ×ʱ¾»ù½ðµÄ·çÏÕÖ÷Òª·ÖΪÈçÏÂÈýÀࣺһÊdzÖÓб¾»ù½ðËùÃæÁÙµÄÌØÓзçÏÕ£¬°üÀ¨ÉÌÆ·Êг¡
·çÏÕ¡¢Í¶×ÊʵÎïÉÌÆ· ETF ·çÏÕ¡¢Í¶×ÊÉÌÆ·ÑÜÉúÆ· ETF ·çÏÕ¡¢Í¶×ÊºÏ³É ETF ·çÏյȣ»¶þÊǾ³Íâ
Ͷ×ÊËùÉæ¼°µÄÒ»°ãÐÔÊг¡·çÏÕ£¬°üÀ¨º£ÍâÊг¡·çÏÕ¡¢»ãÂÊ·çÏÕ¡¢¾¼ÃÖÜÆÚ·çÏÕ¡¢ÕþÖηçÏÕ¡¢Ë°
Îñ·çÏյȣ»ÈýÊDZ¾»ù½ð»¹´æÔÚÖ÷¶¯¹ÜÀíµÄ¿ª·Åʽ»ù½ðËù¹ÌÓеÄÒ»°ã·çÏÕ£¬°üÀ¨Á÷¶¯ÐÔ·çÏÕ¡¢Éê
¹ºÊê»Øδ֪¼Û·çÏÕ¡¢Í¶×ʹÜÀíÈË·çÏÕ¡¢¼¼ÊõÀà·çÏյȡ£
£¨Ò»£©³ÖÓб¾»ù½ðËùÃæÁÙµÄÌØÓзçÏÕ
1¡¢ÉÌÆ·Êг¡·çÏÕ
±¾»ù½ðµÄºËÐÄ·çÏÕ±©Â¶ÎªÉÌÆ·×ʲú¡£ÉÌÆ·¼Û¸ñµÄÀúÊ·²¨¶¯ÐԽϴ󡣽ØÖÁ 2010 ÄêÄ©£¬ÒÔ±ê
×¼ÆÕ¶û¸ßÊ¢ÉÌÆ·Ö¸ÊýϵÁÐΪ´ú±íµÄÉÌÆ·×ÜÌå¼Û¸ñÔÚ¹ýȥʮÄêµÄÄ껯²¨¶¯ÂÊ´ïµ½ÁËÔ¼ 26.7%¡£·Ö
Àà±ðÒÀ´ÎÀ´¿´£¬ÄÜÔ´Àà¡¢»ù´¡½ðÊô¡¢¹ó½ðÊôÓëÅ©²úÆ·ÉÌÆ·¼Û¸ñ²¨¶¯ÂÊ·Ö±ðΪ 35.0%£¬25.7%£¬
22.3%£¬19.6%¡£
ÉÌÆ·µÄ¸ß²¨¶¯ÂÊÖ÷ÒªÀ´×ÔÒÔϼ¸¸ö·½Ã棺ÉÌÆ·¼Û¸ñ¶Ô¾¼ÃÖÜÆڵı仯·´Ó³Ãô¸Ð£¬ºê¹Û¾¼Ã
µÄ¸´ËÕ¡¢¹ýÈÈ¡¢ÖÍÕͺÍË¥Í˵ĸüµü´ø¶¯ÁËÉÌÆ·¼Û¸ñµÄÖÜÆÚÐÔ²¨¶¯£»´ó×ÚÉÌÆ·¶àΪÓëÈËÀàÐèÇóÏ¢
Ï¢Ïà¹ØµÄ×ÊÔ´Æ·£¬¹©¸øÓÐÏÞ¶øÐèÇóÎÞÏÞ£¬Ê±³£Êܵ½¸÷Àà»ù±¾ÃæÒòËصijå»÷£»½ðÈÚ´´ÐºÍÈ«ÇòÁ÷
¶¯ÐÔ¹ýÊ££¬Ê¹µÃ´óÁ¿´øÓÐͶ»úÐÔÖʵÄ×ʱ¾½ø³öÉÌÆ·Êг¡£¬¼Ó¾çÁËÉÌÆ·¼Û¸ñµÄ²¨¶¯¡£
2¡¢Í¶×ÊʵÎïÉÌÆ· ETF ËùÃæÁٵķçÏÕ
ʵÎïÉÌÆ· ETF ͨ¹ý³ÖÓÐʵÎïÉÌÆ·À´»ñÈ¡ÉÌÆ·ÔöÖµµÄÊÕÒ棬Ͷ×Ê´ËÀà²úÆ·µÄ·çÏÕ°üÀ¨£ºÊµÎï
ÉÌÆ·Ïà¶ÔÓÚÉÌÆ·Àà½ðÊôÑÜÉú¹¤¾ß¶øÑÔ£¬Á÷¶¯ÐÔ²îÇÒ±äÏÖÀ§ÄÑ£¬Èç¹ûÔÚ¶Ìʱ¼äÄÚ½øÐдóÁ¿µÄÂòÈë
Âô³ö²Ù×÷£¬³å»÷³É±¾½Ï´ó£»ÊµÎïÉÌÆ·Óб»Ë𻵡¢µÁÇÔ¡¢¸¯Ê´µÄ·çÏÕ£»ÊµÎïÉÌÆ· ETF ±¾ÉíµÄ×Ê
²úÍйÜÈËÆƲúÒà»á¶Ô»ù½ð×ʲúÔì³ÉÓ°Ïì¡£
3¡¢Í¶×ÊÉÌÆ·ÑÜÉúÆ· ETF ËùÃæÁٵķçÏÕ
ÉÌÆ·ÑÜÉúÆ· ETF ͨ¹ý³ÖÓÐÑÜÉúÆ·ºÏԼģÄâÉÌÆ·ÏÖ»õ¼Û¸ñÉÏÕǵÄÊÕÒ棬Ͷ×Ê´ËÀà²úÆ·µÄ·çÏÕ
°üÀ¨£ºÉÌÆ·ÑÜÉúÆ· ETF Ö÷Ҫͨ¹ý³ÖÓÐÆÚ»õ¡¢ÆÚȨµÈÑÜÉúÆ·ºÏÔ¼À´¸´ÖÆÏÖ»õÊг¡±íÏÖ£¬µ¼Ö ETF
¾»Öµ±íÏÖÓëÉÌÆ·ÏÖ»õ¼Û¸ñ×ßÊÆ·¢ÉúÆ«²î£»ÉÏÊöËù³ÖÑÜÉúÆ·ºÏÔ¼Èç¹ûͨ¹ý¹ñÃ棨OTC£©Êг¡½»Ò×£¬
¿ÉÄܲúÉú¶ÔÊÖ·½µÄÐÅÓÃÎ¥Ô¼·çÏÕ£»ÑÜÉúƷͶ×Êͨ³£¾ßÓнϸߵĸܸËÐÔ£¬»ù´¡×ʲú΢СµÄ¼Û¸ñ±ä
»¯¿ÉÄÜ»á¸øͶ×ÊÈË´øÀ´ÄÑÒÔ³ÐÊܵÄÏÂÐзçÏÕ£¬ÉõÖÁÒý·¢Æ½²Ö£»½ðÈÚÑÜÉúÆ·µÄÐéÄâÐԺ͸´ÔÓÐÔÒ²
Òþº¬×Ÿ÷ÖÖ¹ÜÀí·çÏպͲÙ×÷·çÏÕ¡£
¶ÔÓÚͶ×ÊÓÚÉÌÆ·ÆÚ»õºÏÔ¼µÄ ETF ¶øÑÔ£¬ÔÚ½üÆÚºÏÔ¼ÁÙ½üµ½ÆÚʱÐèÒª½øÐл»²Ö²Ù×÷£¨¼´Âô³ö
½üÆÚºÏÔ¼£¬ÂòÈëÔ¶ÆÚºÏÔ¼£©£¬¹¹³É»»²Ö·çÏÕ¡£ÀýÈ磬Èô´ËʱÉÌÆ·µÄÆÚÏ޽ṹ³ÊÏÖΪÕýÏòÊг¡
£¨contango£¬¼´Ô¶ÆÚÆÚ»õºÏÔ¼¼Û¸ñ¸ßÓÚ½üÆÚÆÚ»õºÏÔ¼¼Û¸ñ£©£¬»»²Ö²Ù×÷¿ÉÄܵ¼Ö¸ûù½ð²Æ²ú·¢Éú
Ëðʧ£¬²¢Ê¹µÃ»ù½ð¾»ÖµÔö³¤ÂʵÍÓÚÉÌÆ·ÏÖ»õ¼Û¸ñÔö³¤ÂÊ¡£
4¡¢Í¶×ÊºÏ³É ETF ËùÃæÁٵķçÏÕ ÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©¸üÐÂÕÐļ˵Ã÷Êé
8
º£ÍâÊг¡ÖдæÔÚÒ»ÖÖºÏ³É ETF£¬´ËÀà ETF ²¢·Çͨ¹ýÕæÕý³ÖÓÐÖ¸Êý³É·Ö×ʲú£¬¶øÊÇͨ¹ý³ÖÓÐ
ÑÜÉúÆ·ºÏÔ¼£¨»¥»»µÈ£©»ò½á¹¹»¯²úÆ·µÈ¸÷ÖÖ¹ñ̨ʽ¹¤¾ß»ñÈ¡Ö¸ÊýµÄÊÕÒæ¡£ÓÉÓÚ²»ÊdzÖÓÐÖ¸Êý³É
·ÖÀ´¸´ÖÆÖ¸Êý£¬¶øÊÇÓë¶ÔÊÖ·½Ô¼¶¨ÒÔÒ»¶¨µÄ·½Ê½»»È¡Ö¸ÊýÊÕÒ棬Òò´Ë£¬´ËÀà ETF ´æÔÚ׎ÏΪ
ÏÔÖøµÄ¶ÔÊÖ·½·çÏÕ£¬¼´¶ÔÊÖ·½³öÏÖÎ¥Ô¼µ¼Ö¸à ETF ÎÞ·¨È«¶î»ñµÃÖ¸ÊýÊÕÒæÉõÖÁËðʧ²¿·Ö»òÈ«
²¿±¾½ðµÄ·çÏÕ¡£ÁíÍ⣬¹ñ̨ʽ¹¤¾ß²»ÊÜÖÐÑë½áËã»ú¹¹µÄÐÅÓõ£±££¬ÇÒÒ»°ã²»½øÐÐÿÈÕ¶¢Êм°½á
Ë㣬Ҳ¿ÉÄܼӾç³ÖÓдËÀà ETF µÄDZÔÚÎ¥Ô¼·çÏÕ¡£
5¡¢¶þ¼¶Êг¡Í¶×Ê ETF ËùÃæÁÙµÄÕÛÒç¼Û·çÏÕ
ÓÉÓÚ ETF Êг¡¼Û¸ñÊܵ½¶þ¼¶Êг¡ÐèÇóºÍ¹©¸øµÄÓ°Ï죬 ETF ¶þ¼¶Êг¡¼Û¸ñ¿ÉÄÜÓë¸Ã»ù½ð×Ê
²ú¾»Öµ²»Í¬¡£Òò´Ë£¬Èôͨ¹ý¶þ¼¶Êг¡±äÏÖ¿ÉÄÜËæÖ®²úÉúÕÛÒç¼Û·çÏÕ¡£
6¡¢Í¶×Ê·ÇÉÏÊй«Ä¼»ù½ðʱËùÃæÁÙµÄÖ÷¶¯·çÏÕ
µ±»ù½ðͶ×ÊÓÚ·ÇÉÏÊй«Ä¼»ù½ðʱËùÔ̺¬µÄ·çÏÕ°üÀ¨£º»ù½ð¹ÜÀíÈ˶ԵÚÈý·½»ù½ð²»¾ßÓÐʵÖÊ
Ó°ÏìÁ¦£¬±êµÄ»ù½ðµÄͶ×Ê·ç¸ñ¼°Î´À´·çÏÕÊÕÒæÌØÕ÷¿ÉÄÜÆ«ÀëÆäͶ×ÊÄ¿±ê£¬¶øÖÂʹĸ»ù½ðµÄͶ×Ê
ʧЧ£»»ù½ð¹ÜÀíÈ˶ԵÚÈý·½»ù½ðµÄÆÀ¹À´ó¶àÀ´×ÔÓÚ¹«¿ªÅû¶ÐÅÏ¢£¬ÕâЩÐÅÏ¢ÍùÍùÊÇÖͺóµÄ£¬²¢
ÇÒ´æÔÚËùÌṩÐÅÏ¢ÓëÊÂʵ²»·û»ò·ÇÊÂʵȫ²¿µÄÇé¿ö¡£ÁíÍ⣬»ù½ðÖлù½ðµÄ»ù½ð¹ÜÀíÈËÔÚ¹¹½¨
FOF Ͷ×Ê×éºÏµÄʱºò£¬¶Ô»ù½ðµÄÑ¡ÔñÔںܴóµÄ³Ì¶ÈÉÏÒÀ¿¿ÁË»ù½ðµÄ¹ýÍùÒµ¼¨¡£µ«ÊÇ»ù½ðµÄ¹ýÍù
Òµ¼¨ÍùÍù²»ÄÜ´ú±í»ù½ðδÀ´µÄ±íÏÖ£¬ËùÒÔ¿ÉÄÜÒýÆðÒ»¶¨µÄ·çÏÕ¡£
7¡¢ÉÏÊн»Ò×¼°Íâ»ã¶î¶ÈÏÞÖÆÒýÖµÄÌØÊâ·çÏÕ
£¨1£©ÔÚÏà¹ØÌõ¼þ³ÉÊìµÄÇé¿öÏ£¬±¾»ù½ð¹ÜÀíÈ˽«ÔÚ»ù½ðºÏͬÉúЧºó 6 ¸öÔÂÄÚÏòÉîÛÚ֤ȯ
½»Ò×ËùÉêÇëÉÏÊн»Ò×£¬¼´±¾»ù½ð²»»áÔÚºÏͬÉúЧºóÁ¢¼´ÉÏÊн»Ò×£¬½ìʱͶ×ÊÕß½ö¿Éͨ¹ýÊê»Ø»ù
½ð·Ý¶î½øÐбäÏÖ¡£¼´Ê¹ÔÚ»ù½ðÉÏÊÐÆڼ䣬¿ÉÄÜÒòÐÅÏ¢Åû¶µÈÔÒòµ¼Ö»ù½ðÍ£ÅÆ£¬Í¶×ÊÈËÔÚÍ£ÅÆ
ÆÚ¼äÒ಻ÄÜÂòÂô»ù½ð£»
£¨2£©ÔÚÉÏÊн»Ò×Æڼ䣬Èç¼ÌÐø½ÓÊÜÉ깺¿ÉÄܵ¼ÖÂÍ»Æƹú¼ÒÍâ»ã¾ÖÅú×¼µÄÍâ»ã¶î¶È£¬±¾»ù
½ð½«ÔÝÍ£É깺£¬ÓÉ´Ë¿ÉÄܵ¼Ö¶þ¼¶Êг¡¼Û¸ñ³öÏֽϴ󲨶¯£»
£¨3£©µ±±¾»ù½ðÒòÍâ»ã¶î¶ÈÔÒòÔÝÍ£É깺ÆÚ¼ä³öÏÖÁ˽ϸߵÄÕÛÒç¼ÛÂÊ£¬ÕÛÒç¼ÛÂÊ¿ÉÄÜÒò¹ú
¼ÒÍâ»ã¾ÖÅú×¼»ù½ð¹ÜÀíÈËÐÂÔöÍâ»ã¶î¶ÈÒÔ¼°±¾»ù½ð»Ö¸´É깺ҵÎñ¶ø´ó·ùËõС£¬Òà¿ÉÄܵ¼Ö±¾»ù
½ð¶þ¼¶Êг¡¼Û¸ñ³öÏֽϴ󲨶¯£»
£¨4£©±¾»ù½ð¶þ¼¶Êг¡ÊÕÅ̼ÛÕÛÒç¼ÛÂÊ¿ÉÄÜÒò´ó×ÚÉÌÆ·¼Û¸ñ²¨¶¯µÈÊг¡ÒòËØ·¢Éú½Ï´ó±ä¶¯£»
£¨5£©»ù½ð¿ÉÄÜÒòÉÏÊкó½»Ò׶ÔÊÖ²»×ãµ¼Ö»ù½ð¶þ¼¶Êг¡½»Ò×µÄÁ÷¶¯ÐÔ·çÏÕ£»
£¨6£©µ±»ù½ð·Ý¶î³ÖÓÐÈ˽«·Ý¶îתÏò³¡Íâ½»Ò׺óµ¼Ö³¡ÄڵĻù½ð·Ý¶î»ò³ÖÓÐÈËÊý²»Âú×ãÉÏ
ÊÐÌõ¼þʱ£¬±¾»ù½ð´æÔÚÔÝÍ£ÉÏÊлòÖÕÖ¹ÉÏÊеĿÉÄÜ¡£
£¨¶þ£©¾³ÍâͶ×ÊËùÉæ¼°µÄÒ»°ãÐÔÊг¡·çÏÕ
1¡¢º£ÍâÊг¡·çÏÕ
ÓÉÓÚ±¾»ù½ðΪ¾³ÍâͶ×Ê»ù½ð£¬Òò´Ë»ù½ðµÄͶ×ÊЧÒ潫Êܵ½¸÷¹ú»ãÂÊ¡¢Ë°·¨¡¢Õþ¸®Õþ²ß¡¢¶Ô
ÍâóÒס¢½áËã¡¢ÍйܵȶàÖÖÒòËصÄÓ°Ïì¡£º£ÍâÐí¶à֤ȯ½»Ò×Êг¡¶ÔÿÈÕ֤ȯ½»Ò×¼Û¸ñ²¢ÎÞÕǵøÐųÏÈ«ÇòÉÌÆ·Ö÷Ìâ֤ȯͶ×Ê»ù½ð£¨LOF£©¸üÐÂÕÐļ˵Ã÷Êé
9
·ùÉÏÏÂÏ޵Ĺ涨£¬Òò´ËÕâЩ¹ú¼Ò»òµØÇø֤ȯµÄÿÈÕÕǵø·ù¿Õ¼äÏà¶Ô½Ï´ó¡£´ËÍ⣬º£ÍâͶ×ʵijÉ
±¾¡¢º£ÍâÊг¡µÄ²¨¶¯ÐÔ¿ÉÄÜ»á¸ßÓÚ±¾¹úÊг¡£¬Ò²´æÔÚÒ»¶¨·çÏÕ¡£
2¡¢»ãÂÊ·çÏÕ
±¾»ù½ðµÄÉ깺ºÍÊê»ØÒÔÈËÃñ±Ò¼Æ¼Û£¬¶ø±êµÄ×ʲúµÄͶ×ÊÐëÒÔµ±µØ»õ±Ò½øÐУ¬»ãÂʱ䶯£¨Èç
ÈËÃñ±Ò¶ÔÃÀÔªºÍÅ·ÔªÉýÖµ£©½«»áÓ°Ïìµ½ÒÔÈËÃñ±Ò¼Æ¼ÛµÄ×ʲú¾»Öµ£¬´Ó¶ø²úÉú»ã¶ÒËðÒæ¡£
3¡¢¾¼ÃÖÜÆÚ·çÏÕ
ºê¹Û¾¼ÃµÄÔËÐгÊÏÖÃ÷ÏÔµÄÖÜÆÚÐÔÌØÕ÷£¬Ò»¸öÍêÕûµÄ¾¼ÃÖÜÆÚͨ³£·ÖΪ¸´ËÕ¡¢¹ýÈÈ¡¢ÖÍÕÍ
ÒÔ¼°Ë¥ÍËËĸö½×¶Î¡£×÷ΪǿÖÜÆÚÀà×ʲú£¬´ó×ÚÉÌÆ·¼Û¸ñ»áËæ×ÅÊÀ½ç¾¼ÃµÄÖÜÆÚÐÔ²¨¶¯²úÉú¾çÁÒ
±ä»¯£»ÇÒÔÚ²»Í¬µÄ·¢Õ¹½×¶Î£¬Í¬Ò»ÉÌÆ·Ç°ºó¼°²»Í¬ÉÌÆ·Ö®¼äµÄͶ×ʱíÏÖ´æÔڽϴó²îÒ죬´Ó¶ø¶Ô
ÉÌƷͶ×ʹ¹³É·çÏÕ¡£
4¡¢ÕþÖηçÏÕ
±¾»ù½ðËùͶ×ʵÄÉÌÆ·×ʲúÍùÍùÊܵ½ÆäÖ÷Òª²ú³ö¹ú¡¢Ïû·Ñ¹ú¼°ÆäËûÖ÷ÒªÕþÖξ¼ÃÌåµÄÕþ¾ÖÇé
ÊÆËùÓ°Ïì¡£Òòµ±µØÕþÖξÖÊƱ仯£¨Èç°Õ¹¤¡¢±©¶¯¡¢Õ½ÕùµÈ£©»ò·¨ÂÉ·¨¹æµÄ±ä¶¯£¬¿ÉÄܵ¼ÖÂÊг¡
µÄ½Ï´ó²¨¶¯£¬´Ó¶ø¸ø»ù½ðÊÕÒæÒÔ¼°»ù½ð×ʲúÔì³É²»ÀûÓ°Ïì¡£´ËÍ⣬±¾»ù½ðµÄ¾³ÍâͶ×ÊÊг¡ËùÔÚ
¹ú¼Ò»òµØÇø¿ÉÄܻ᲻ʱ²ÉȡijЩ¹ÜÖÆ´ëÊ©£¬Èç×ʱ¾»òÍâ»ã¹ÜÖƵȣ¬´Ó¶ø¶Ô»ù½ðµÄͶ×ÊÊÕÒæ´øÀ´
Ö±½Ó»ò¼ä½ÓµÄÓ°Ïì¡£
5¡¢Ë