»ù½ð¹ÜÀíÈË£º¸»¹ú»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾
»ù½ðÍйÜÈË£ºÖйú½¨ÉèÒøÐйɷÝÓÐÏÞ¹«Ë¾
¶þÁãÒ»¾ÅÄêʮһÔ ¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð ÕÐļ˵Ã÷Êé
1
Ŀ ¼
µÚÒ»²¿·Ö Ð÷ÑÔ ..........................................................................................................................4
µÚ¶þ²¿·Ö ÊÍÒå...........................................................................................................................5
µÚÈý²¿·Ö »ù½ð¹ÜÀíÈË............................................................................................................. 11
µÚËIJ¿·Ö »ù½ðÍйÜÈË.............................................................................................................24
µÚÎ岿·Ö Ïà¹Ø·þÎñ»ú¹¹.........................................................................................................28
µÚÁù²¿·Ö »ù½ðµÄļ¼¯.............................................................................................................30
µÚÆß²¿·Ö »ù½ðºÏͬµÄÉúЧ.....................................................................................................36
µÚ°Ë²¿·Ö »ù½ð·Ý¶îµÄÉ깺ÓëÊê»Ø......................................................................................... 37
µÚ¾Å²¿·Ö »ù½ðµÄͶ×Ê.............................................................................................................50
µÚÊ®²¿·Ö »ù½ðµÄ²Æ²ú.............................................................................................................58
µÚʮһ²¿·Ö »ù½ð×ʲú¹ÀÖµ.....................................................................................................59
µÚÊ®¶þ²¿·Ö »ù½ðµÄÊÕÒæÓë·ÖÅä............................................................................................. 65
µÚÊ®Èý²¿·Ö »ù½ð·ÑÓÃÓëË°ÊÕ.................................................................................................67
µÚÊ®ËIJ¿·Ö »ù½ðµÄ»á¼ÆÓëÉó¼Æ............................................................................................. 70
µÚÊ®Î岿·Ö »ù½ðµÄÐÅÏ¢Åû¶.................................................................................................71
µÚÊ®Áù²¿·Ö ·çÏÕ½Òʾ.............................................................................................................79
µÚÊ®Æß²¿·Ö »ù½ðºÏͬµÄ±ä¸ü¡¢ÖÕÖ¹ºÍ»ù½ð²Æ²úµÄÇåËã .....................................................84
µÚÊ®°Ë²¿·Ö »ù½ðºÏͬµÄÄÚÈÝÕªÒª......................................................................................... 86
µÚÊ®¾Å²¿·Ö »ù½ðÍйÜÐÒéµÄÄÚÈÝÕªÒª...............................................................................103
µÚ¶þÊ®²¿·Ö »ù½ð·Ý¶î³ÖÓÐÈË·þÎñ....................................................................................... 117
µÚ¶þʮһ²¿·Ö ÕÐļ˵Ã÷Êé´æ·Å¼°Æä²éÔÄ·½Ê½ ................................................................... 119
µÚ¶þÊ®¶þ²¿·Ö ±¸²éÎļþ.......................................................................................................120
¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð ÕÐļ˵Ã÷Êé
2
ÖØÒªÌáʾ
¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð£¨ÒÔϼò³Æ
¡°±¾»ù½ð¡±£©ÒÑÓÚ 2019 Äê 7 Ô 24 ÈÕ»ñµÃÖйúÖ¤¼à»á×¼Óè×¢²áµÄÅú¸´£¨Ö¤¼àÐí¿É
¡¾2019¡¿1347 ºÅ£©¡£
»ù½ð¹ÜÀíÈ˱£Ö¤ÕÐļ˵Ã÷ÊéµÄÄÚÈÝÕæʵ¡¢×¼È·¡¢ÍêÕû¡£±¾ÕÐļ˵Ã÷Êé¾Öйú
Ö¤¼à»á×¢²á£¬µ«ÖйúÖ¤¼à»á¶Ô±¾»ù½ðļ¼¯µÄ×¢²á£¬²¢²»±íÃ÷Æä¶Ô±¾»ù½ðµÄͶ×ʼÛ
Öµ¡¢ÊÕÒæºÍÊг¡Ç°¾°µÈ×ö³öʵÖÊÐÔÅжϻòÕß±£Ö¤£¬Ò²²»±íÃ÷Ͷ×ÊÓÚ±¾»ù½ðûÓзç
ÏÕ¡£
±¾»ù½ðͶ×ÊÓÚ֤ȯÊг¡£¬»ù½ð¾»Öµ»áÒòΪ֤ȯÊг¡²¨¶¯µÈÒòËزúÉú²¨¶¯£¬Í¶
×ÊÕßÔÚͶ×ʱ¾»ù½ðÇ°£¬ÇëÈÏÕæÔĶÁ±¾ÕÐļ˵Ã÷Êé¡¢»ù½ðºÏͬ¡¢»ù½ð²úÆ·×ÊÁϸÅÒª
µÈÐÅÏ¢Åû¶Îļþ£¬×ÔÖ÷Åжϻù½ðµÄͶ×ʼÛÖµ£¬È«ÃæÈÏʶ±¾»ù½ð²úÆ·µÄ·çÏÕÊÕÒæÌØ
Õ÷ºÍ²úÆ·ÌØÐÔ£¬³ä·Ö¿¼ÂÇ×ÔÉíµÄ·çÏÕ³ÐÊÜÄÜÁ¦£¬ÀíÐÔÅжÏÊг¡£¬¶ÔÈϹº£¨»òÉ깺£©
»ù½ðµÄÒâÔ¸¡¢Ê±»ú¡¢ÊýÁ¿µÈͶ×ÊÐÐΪ×÷³ö¶ÀÁ¢¾ö²ß£¬»ñµÃ»ù½ðͶ×ÊÊÕÒ棬Òà×ÔÐÐ
³Ðµ£»ù½ðͶ×ÊÖгöÏֵĸ÷Àà·çÏÕ¡£Í¶×ʱ¾»ù½ð¿ÉÄÜÓöµ½µÄ·çÏÕ°üÀ¨£ºÖ¤È¯Êг¡Õû
Ìå»·¾³Òý·¢µÄϵͳÐÔ·çÏÕ£¬¸ö±ð֤ȯÌØÓеķÇϵͳÐÔ·çÏÕ£¬´óÁ¿Êê»Ø»ò±©µøµ¼ÖÂ
µÄÁ÷¶¯ÐÔ·çÏÕ£¬»ù½ðͶ×ʹý³ÌÖвúÉúµÄ²Ù×÷·çÏÕ£¬Òò½»ÊÕÎ¥Ô¼ºÍͶ×ÊծȯÒý·¢µÄ
ÐÅÓ÷çÏÕ£¬»ù½ðͶ×ʶÔÏóÓëͶ×ʲßÂÔÒýÖµÄÌØÓзçÏյȵȡ£»ù½ð¹ÜÀíÈËÌáÐÑͶ×Ê
Õß»ù½ðͶ×ʵġ°ÂòÕß×Ô¸º¡±ÔÔò£¬ÔÚͶ×ÊÕß×÷³öͶ×ʾö²ßºó£¬»ù½ðÔËӪ״¿öÓë»ù
½ð¾»Öµ±ä»¯ÒýÖµÄͶ×Ê·çÏÕ£¬ÓÉͶ×ÊÕß×ÔÐиºÔð¡£
±¾»ù½ðµÄÄ¿±ê ETF Ϊ¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù
½ð¡£±¾»ù½ðΪ ETF Áª½Ó»ù½ð£¬·çÏÕÓëÊÕÒæ¸ßÓÚ»ìºÏÐÍ»ù½ð¡¢Õ®È¯ÐÍ»ù½ðÓë»õ±Ò
Êг¡»ù½ð¡£±¾»ù½ðΪָÊý»ù½ð£¬¾ßÓÐÓë±êµÄÖ¸Êý¡¢ÒÔ¼°±êµÄÖ¸ÊýËù´ú±íµÄ¹ÉƱÊÐ
³¡ÏàËƵķçÏÕÊÕÒæÌØÕ÷¡£
Ͷ×ÊÓзçÏÕ£¬Í¶×ÊÕßÈϹº£¨»òÉ깺£©±¾»ù½ðʱӦÈÏÕæÔĶÁ±¾ÕÐļ˵Ã÷Êé¡£
»ù½ðµÄ¹ýÍùÒµ¼¨²¢²»Ô¤Ê¾ÆäδÀ´±íÏÖ£¬»ù½ð¹ÜÀíÈ˹ÜÀíµÄÆäËû»ù½ðµÄÒµ¼¨²¢
²»¹¹³É¶Ô±¾»ù½ðÒµ¼¨±íÏֵı£Ö¤¡£»ù½ð¹ÜÀíÈËÒÀÕÕ㡾¡Ö°ÊØ¡¢³ÏʵÐÅÓᢽ÷É÷ÇÚ
ÃãµÄÔÔò¹ÜÀíºÍÔËÓûù½ð²Æ²ú£¬µ«ÓÉÓÚ֤ȯ¡¢ÆÚ»õͶ×ʾßÓÐÒ»¶¨µÄ·çÏÕ£¬Òò´Ë¼È
²»±£Ö¤Í¶×ʱ¾»ù½ðÒ»¶¨Ó¯Àû£¬Ò²²»±£Ö¤»ù½ð·Ý¶î³ÖÓÐÈ˵Ä×îµÍÊÕÒæ¡£
±¾ÕÐļ˵Ã÷Êé¹ØÓÚ»ù½ð²úÆ·×ÊÁϸÅÒªµÄ±àÖÆ¡¢Åû¶¼°¸üеÈÄÚÈÝ£¬½«²»ÍíÓÚ¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð ÕÐļ˵Ã÷Êé
3
2020 Äê 9 Ô 1 ÈÕÆðÖ´ÐС£¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð ÕÐļ˵Ã÷Êé
4
µÚÒ»²¿·Ö Ð÷ÑÔ
±¾ÕÐļ˵Ã÷ÊéÒÀ¾Ý¡¶ÖлªÈËÃñ¹²ºÍ¹ú֤ȯͶ×Ê»ù½ð·¨¡·£¨ÒÔϼò³Æ¡°¡¶»ù½ð
·¨¡·¡±£©¡¢¡¶¹«¿ªÄ¼¼¯Ö¤È¯Í¶×Ê»ù½ðÔË×÷¹ÜÀí°ì·¨¡·£¨ÒÔϼò³Æ¡°¡¶ÔË×÷°ì·¨¡·¡±£©¡¢
¡¶Ö¤È¯Í¶×Ê»ù½ðÏúÊÛ¹ÜÀí°ì·¨¡·£¨ÒÔϼò³Æ¡°¡¶ÏúÊÛ°ì·¨¡·¡±£©¡¢¡¶¹«¿ªÄ¼¼¯Ö¤È¯
Ͷ×Ê»ù½ðÐÅÏ¢Åû¶¹ÜÀí°ì·¨¡·£¨ÒÔϼò³Æ¡°¡¶ÐÅÏ¢Åû¶°ì·¨¡·¡±£©¡¢¡¶¹«¿ªÄ¼¼¯¿ª
·Åʽ֤ȯͶ×Ê»ù½ðÁ÷¶¯ÐÔ·çÏÕ¹ÜÀí¹æ¶¨¡·£¨ÒÔϼò³Æ¡°¡¶Á÷¶¯ÐÔ·çÏÕ¹ÜÀí¹æ¶¨¡·¡±£©
ÒÔ¼°¡¶¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð»ù½ðºÏͬ¡·
£¨ÒÔϼò³Æ¡°»ù½ðºÏͬ¡±£©±àд¡£
»ù½ð¹ÜÀíÈ˳Ðŵ±¾ÕÐļ˵Ã÷Êé²»´æÔÚÈκÎÐé¼Ù¼ÇÔØ¡¢Îóµ¼ÐÔ³ÂÊö»òÕßÖØ´óÒÅ
©£¬²¢¶ÔÆäÕæʵÐÔ¡¢×¼È·ÐÔ¡¢ÍêÕûÐԳе£·¨ÂÉÔðÈΡ£±¾»ù½ðÊǸù¾Ý±¾ÕÐļ˵Ã÷Êé
ËùÔØÃ÷µÄ×ÊÁÏÉêÇëļ¼¯µÄ¡£±¾»ù½ð¹ÜÀíÈËûÓÐίÍлòÊÚȨÈκÎÆäËûÈËÌṩδÔÚ±¾
ÕÐļ˵Ã÷ÊéÖÐÔØÃ÷µÄÐÅÏ¢£¬»ò¶Ô±¾ÕÐļ˵Ã÷Êé×÷ÈκνâÊÍ»òÕß˵Ã÷¡£
±¾ÕÐļ˵Ã÷Êé¸ù¾Ý±¾»ù½ðµÄ»ù½ðºÏͬ±àд£¬²¢¾ÖйúÖ¤¼à»á×¢²á¡£»ù½ðºÏͬ
ÊÇÔ¼¶¨»ù½ðºÏͬµ±ÊÂÈËÖ®¼äȨÀû¡¢ÒåÎñµÄ·¨ÂÉÎļþ¡£»ù½ðͶ×ÊÕß×ÔÒÀ»ù½ðºÏͬȡ
µÃ»ù½ð·Ý¶î£¬¼´³ÉΪ»ù½ð·Ý¶î³ÖÓÐÈ˺ͻù½ðºÏͬµÄµ±ÊÂÈË£¬Æä³ÖÓлù½ð·Ý¶îµÄÐÐ
Ϊ±¾Éí¼´±íÃ÷Æä¶Ô»ù½ðºÏͬµÄ³ÐÈϺͽÓÊÜ£¬²¢°´ÕÕ¡¶»ù½ð·¨¡·¡¢»ù½ðºÏͬ¼°ÆäËû
Óйع涨ÏíÓÐȨÀû¡¢³Ðµ£ÒåÎñ¡£»ù½ðͶ×ÊÕßÓûÁ˽â»ù½ð·Ý¶î³ÖÓÐÈ˵ÄȨÀûºÍÒåÎñ£¬
Ó¦Ïêϸ²éÔÄ»ù½ðºÏͬ¡£¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð ÕÐļ˵Ã÷Êé
5
µÚ¶þ²¿·Ö ÊÍÒå
ÔÚ±¾ÕÐļ˵Ã÷ÊéÖгý·ÇÎÄÒâÁíÓÐËùÖ¸£¬ÏÂÁдÊÓï»ò¼ò³Æ¾ßÓÐÒÔϺ¬Ò壺
1¡¢»ù½ð»ò±¾»ù½ð£ºÖ¸¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù
½ðÁª½Ó»ù½ð
2¡¢»ù½ð¹ÜÀíÈË£ºÖ¸¸»¹ú»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾
3¡¢»ù½ðÍйÜÈË£ºÖ¸Öйú½¨ÉèÒøÐйɷÝÓÐÏÞ¹«Ë¾
4¡¢»ù½ðºÏͬ£ºÖ¸¡¶¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ð
Áª½Ó»ù½ð»ù½ðºÏͬ¡·¼°¶Ô»ù½ðºÏͬµÄÈκÎÓÐЧÐÞ¶©ºÍ²¹³ä
5¡¢ÍйÜÐÒ飺ָ»ù½ð¹ÜÀíÈËÓë»ù½ðÍйÜÈ˾ͱ¾»ù½ðÇ©¶©Ö®¡¶¸»¹úÖÐÖ¤ÑëÆó
´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ðÍйÜÐÒé¡·¼°¶Ô¸ÃÍйÜÐÒéµÄ
ÈκÎÓÐЧÐÞ¶©ºÍ²¹³ä
6¡¢ÕÐļ˵Ã÷Êé»ò±¾ÕÐļ˵Ã÷Ê飺ָ¡¶¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·Åʽ
Ö¸Êý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ðÕÐļ˵Ã÷Êé¡·¼°Æä¸üÐÂ
7¡¢»ù½ð·Ý¶î·¢ÊÛ¹«¸æ£ºÖ¸¡¶¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯ
Ͷ×Ê»ù½ðÁª½Ó»ù½ð»ù½ð·Ý¶î·¢ÊÛ¹«¸æ¡·
8¡¢·¨ÂÉ·¨¹æ£ºÖ¸ÖйúÏÖÐÐÓÐЧ²¢¹«²¼ÊµÊ©µÄ·¨ÂÉ¡¢ÐÐÕþ·¨¹æ¡¢¹æ·¶ÐÔÎļþ¡¢
˾·¨½âÊÍ¡¢ÐÐÕþ¹æÕÂÒÔ¼°ÆäËû¶Ô»ù½ðºÏͬµ±ÊÂÈËÓÐÔ¼ÊøÁ¦µÄ¾ö¶¨¡¢¾öÒ顢֪ͨµÈ
9¡¢¡¶»ù½ð·¨¡·£ºÖ¸ 2003 Äê 10 Ô 28 ÈÕ¾µÚÊ®½ìÈ«¹úÈËÃñ´ú±í´ó»á³£ÎñίԱ»á
µÚÎå´Î»áÒéͨ¹ý£¬¾ 2012 Äê 12 Ô 28 ÈÕµÚʮһ½ìÈ«¹úÈËÃñ´ú±í´ó»á³£ÎñίԱ»á
µÚÈýÊ®´Î»áÒéÐÞ¶©£¬×Ô 2013 Äê 6 Ô 1 ÈÕÆðʵʩ£¬²¢¾ 2015 Äê 4 Ô 24 ÈÕµÚÊ®¶þ
½ìÈ«¹úÈËÃñ´ú±í´ó»á³£ÎñίԱ»áµÚÊ®ËĴλáÒ顶ȫ¹úÈËÃñ´ú±í´ó»á³£ÎñίԱ»á¹Ø
ÓÚÐÞ¸Ä<ÖлªÈËÃñ¹²ºÍ¹ú¸Û¿Ú·¨>µÈÆß²¿·¨Âɵľö¶¨¡·ÐÞÕýµÄ¡¶ÖлªÈËÃñ¹²ºÍ¹ú
֤ȯͶ×Ê»ù½ð·¨¡·¼°°ä²¼»ú¹Ø¶ÔÆ䲻ʱ×ö³öµÄÐÞ¶©
10¡¢¡¶ÏúÊÛ°ì·¨¡·£ºÖ¸ÖйúÖ¤¼à»á 2013 Äê 3 Ô 15 ÈÕ°ä²¼¡¢Í¬Äê 6 Ô 1 ÈÕʵʩ
µÄ¡¶Ö¤È¯Í¶×Ê»ù½ðÏúÊÛ¹ÜÀí°ì·¨¡·¼°°ä²¼»ú¹Ø¶ÔÆ䲻ʱ×ö³öµÄÐÞ¶©
11¡¢¡¶ÐÅÏ¢Åû¶°ì·¨¡·£ºÖ¸ÖйúÖ¤¼à»á 2019 Äê 7 Ô 26 ÈÕ°ä²¼¡¢Í¬Äê 9 Ô 1 ÈÕ
ʵʩµÄ¡¶¹«¿ªÄ¼¼¯Ö¤È¯Í¶×Ê»ù½ðÐÅÏ¢Åû¶¹ÜÀí°ì·¨¡·¼°°ä²¼»ú¹Ø¶ÔÆ䲻ʱ×ö³öµÄ
ÐÞ¶©
12¡¢¡¶ÔË×÷°ì·¨¡·£ºÖ¸ÖйúÖ¤¼à»á 2014 Äê 7 Ô 7 ÈÕ°ä²¼¡¢Í¬Äê 8 Ô 8 ÈÕʵʩ¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð ÕÐļ˵Ã÷Êé
6
µÄ¡¶¹«¿ªÄ¼¼¯Ö¤È¯Í¶×Ê»ù½ðÔË×÷¹ÜÀí°ì·¨¡·¼°°ä²¼»ú¹Ø¶ÔÆ䲻ʱ×ö³öµÄÐÞ¶©
13¡¢¡¶Á÷¶¯ÐÔ·çÏÕ¹ÜÀí¹æ¶¨¡·£ºÖ¸ÖйúÖ¤¼à»á 2017 Äê 8 Ô 31 ÈÕ°ä²¼¡¢Í¬Äê
10 Ô 1 ÈÕʵʩµÄ¡¶¹«¿ªÄ¼¼¯¿ª·Åʽ֤ȯͶ×Ê»ù½ðÁ÷¶¯ÐÔ·çÏÕ¹ÜÀí¹æ¶¨¡·¼°°ä²¼
»ú¹Ø¶ÔÆ䲻ʱ×ö³öµÄÐÞ¶©
14¡¢ÖйúÖ¤¼à»á£ºÖ¸Öйú֤ȯ¼à¶½¹ÜÀíίԱ»á
15¡¢ÒøÐÐÒµ¼à¶½¹ÜÀí»ú¹¹£ºÖ¸ÖйúÈËÃñÒøÐкÍ/»òÖйúÒøÐб£Ïռල¹ÜÀíί
Ô±»á
16¡¢»ù½ðºÏͬµ±ÊÂÈË£ºÖ¸ÊÜ»ù½ðºÏͬԼÊø£¬¸ù¾Ý»ù½ðºÏͬÏíÓÐȨÀû²¢³Ðµ£Òå
ÎñµÄ·¨ÂÉÖ÷Ì壬°üÀ¨»ù½ð¹ÜÀíÈË¡¢»ù½ðÍйÜÈ˺ͻù½ð·Ý¶î³ÖÓÐÈË
17¡¢¸öÈËͶ×ÊÕߣºÖ¸ÒÀ¾ÝÓйط¨ÂÉ·¨¹æ¹æ¶¨¿ÉͶ×ÊÓÚ֤ȯͶ×Ê»ù½ðµÄ×ÔÈ»ÈË
18¡¢»ú¹¹Í¶×ÊÕߣºÖ¸ÒÀ·¨¿ÉÒÔͶ×Ê֤ȯͶ×Ê»ù½ðµÄ¡¢ÔÚÖлªÈËÃñ¹²ºÍ¹ú¾³ÄÚ
ºÏ·¨µÇ¼Ç²¢´æÐø»ò¾ÓйØÕþ¸®²¿ÃÅÅú×¼ÉèÁ¢²¢´æÐøµÄÆóÒµ·¨ÈË¡¢ÊÂÒµ·¨ÈË¡¢Éç»á
ÍÅÌå»òÆäËû×éÖ¯
19¡¢ºÏ¸ñ¾³Íâ»ú¹¹Í¶×ÊÕߣºÖ¸·ûºÏ¡¶ºÏ¸ñ¾³Íâ»ú¹¹Í¶×ÊÕß¾³ÄÚ֤ȯͶ×ʹÜÀí
°ì·¨¡·¼°Ïà¹Ø·¨ÂÉ·¨¹æ¹æ¶¨¿ÉÒÔͶ×ÊÓÚÔÚÖйú¾³ÄÚÒÀ·¨Ä¼¼¯µÄ֤ȯͶ×Ê»ù½ðµÄÖÐ
¹ú¾³ÍâµÄ»ú¹¹Í¶×ÊÕß
20¡¢ÈËÃñ±ÒºÏ¸ñ¾³Íâ»ú¹¹Í¶×ÊÕߣºÖ¸°´ÕÕ¡¶ÈËÃñ±ÒºÏ¸ñ¾³Íâ»ú¹¹Í¶×ÊÕß¾³ÄÚ
֤ȯͶ×ÊÊÔµã°ì·¨¡·¼°Ïà¹Ø·¨ÂÉ·¨¹æ¹æ¶¨£¬ÔËÓÃÀ´×Ô¾³ÍâµÄÈËÃñ±Ò×ʽð½øÐо³ÄÚ
֤ȯͶ×ʵľ³Íâ·¨ÈË
21¡¢Í¶×ÊÈË¡¢Í¶×ÊÕߣºÖ¸¸öÈËͶ×ÊÕß¡¢»ú¹¹Í¶×ÊÕß¡¢ºÏ¸ñ¾³Íâ»ú¹¹Í¶×ÊÕß¡¢
ÈËÃñ±ÒºÏ¸ñ¾³Íâ»ú¹¹Í¶×ÊÕßÒÔ¼°·¨ÂÉ·¨¹æ»òÖйúÖ¤¼à»áÔÊÐí¹ºÂò֤ȯͶ×Ê»ù½ð
µÄÆäËûͶ×ÊÈ˵ĺϳÆ
22¡¢»ù½ð·Ý¶î³ÖÓÐÈË£ºÖ¸ÒÀ»ù½ðºÏͬºÍÕÐļ˵Ã÷ÊéºÏ·¨È¡µÃ»ù½ð·Ý¶îµÄͶ×Ê
ÈË
23¡¢»ù½ðÏúÊÛÒµÎñ£ºÖ¸»ù½ð¹ÜÀíÈË»òÏúÊÛ»ú¹¹Ðû´«Íƽé»ù½ð£¬·¢ÊÛ»ù½ð·Ý¶î£¬
°ìÀí»ù½ð·Ý¶îµÄÉ깺¡¢Êê»Ø¡¢×ª»»¡¢×ªÍйܼ°¶¨ÆÚ¶¨¶îͶ×ʵÈÒµÎñ
24¡¢ÏúÊÛ»ú¹¹£ºÖ¸¸»¹ú»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾ÒÔ¼°·ûºÏ¡¶ÏúÊÛ°ì·¨¡·ºÍÖйúÖ¤¼à
»á¹æ¶¨µÄÆäËûÌõ¼þ£¬È¡µÃ»ù½ðÏúÊÛÒµÎñ×ʸñ²¢Óë»ù½ð¹ÜÀíÈËÇ©¶©ÁË»ù½ðÏúÊÛ·þÎñ
ÐÒ飬°ìÀí»ù½ðÏúÊÛÒµÎñµÄ»ú¹¹¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð ÕÐļ˵Ã÷Êé
7
25¡¢µÇ¼ÇÒµÎñ£ºÖ¸»ù½ðµÇ¼Ç¡¢´æ¹Ü¡¢¹ý»§¡¢ÇåËãºÍ½áËãÒµÎñ£¬¾ßÌåÄÚÈÝ°üÀ¨
Ͷ×ÊÈË»ù½ðÕË»§µÄ½¨Á¢ºÍ¹ÜÀí¡¢»ù½ð·Ý¶îµÇ¼Ç¡¢»ù½ðÏúÊÛÒµÎñµÄÈ·ÈÏ¡¢ÇåËãºÍ½á
Ëã¡¢´úÀí·¢·ÅºìÀû¡¢½¨Á¢²¢±£¹Ü»ù½ð·Ý¶î³ÖÓÐÈËÃû²áºÍ°ìÀí·Ç½»Ò×¹ý»§µÈ
26¡¢µÇ¼Ç»ú¹¹£ºÖ¸°ìÀíµÇ¼ÇÒµÎñµÄ»ú¹¹¡£»ù½ðµÄµÇ¼Ç»ú¹¹Îª¸»¹ú»ù½ð¹ÜÀíÓÐ
ÏÞ¹«Ë¾»ò½ÓÊܸ»¹ú»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾Î¯ÍдúΪ°ìÀíµÇ¼ÇÒµÎñµÄ»ú¹¹
27¡¢»ù½ðÕË»§£ºÖ¸µÇ¼Ç»ú¹¹ÎªÍ¶×ÊÈË¿ªÁ¢µÄ¡¢¼Ç¼Æä³ÖÓеġ¢»ù½ð¹ÜÀíÈËËù
¹ÜÀíµÄ»ù½ð·Ý¶îÓà¶î¼°Æä±ä¶¯Çé¿öµÄÕË»§
28¡¢»ù½ð½»Ò×ÕË»§£ºÖ¸ÏúÊÛ»ú¹¹ÎªÍ¶×ÊÈË¿ªÁ¢µÄ¡¢¼Ç¼Ͷ×ÊÈËͨ¹ý¸ÃÏúÊÛ»ú
¹¹°ìÀíÈϹº¡¢É깺¡¢Êê»Ø¡¢×ª»»¼°×ªÍйܵÈÒµÎñ¶øÒýÆðµÄ»ù½ð·Ý¶î±ä¶¯¼°½áÓàÇé
¿öµÄÕË»§
29¡¢»ù½ðºÏͬÉúЧÈÕ£ºÖ¸»ù½ðļ¼¯´ïµ½·¨ÂÉ·¨¹æ¹æ¶¨¼°»ù½ðºÏͬ¹æ¶¨µÄÌõ¼þ£¬
»ù½ð¹ÜÀíÈËÏòÖйúÖ¤¼à»á°ìÀí»ù½ð±¸°¸ÊÖÐøÍê±Ï£¬²¢»ñµÃÖйúÖ¤¼à»áÊéÃæÈ·ÈϵÄ
ÈÕÆÚ
30¡¢»ù½ðºÏͬÖÕÖ¹ÈÕ£ºÖ¸»ù½ðºÏͬ¹æ¶¨µÄ»ù½ðºÏͬÖÕÖ¹ÊÂÓɳöÏֺ󣬻ù½ð²Æ
²úÇåËãÍê±Ï£¬ÇåËã½á¹û±¨ÖйúÖ¤¼à»á±¸°¸²¢ÓèÒÔ¹«¸æµÄÈÕÆÚ
31¡¢»ù½ðļ¼¯ÆÚ£ºÖ¸×Ô»ù½ð·Ý¶î·¢ÊÛÖ®ÈÕÆðÖÁ·¢ÊÛ½áÊøÖ®ÈÕÖ¹µÄÆڼ䣬×
²»µÃ³¬¹ý 3 ¸öÔÂ
32¡¢´æÐøÆÚ£ºÖ¸»ù½ðºÏͬÉúЧÖÁÖÕÖ¹Ö®¼äµÄ²»¶¨ÆÚÆÚÏÞ
33¡¢¹¤×÷ÈÕ£ºÖ¸ÉϺ£Ö¤È¯½»Ò×Ëù¡¢ÉîÛÚ֤ȯ½»Ò×ËùµÄÕý³£½»Ò×ÈÕ
34¡¢T ÈÕ£ºÖ¸ÏúÊÛ»ú¹¹Ôڹ涨ʱ¼äÊÜÀíͶ×ÊÈËÉ깺¡¢Êê»Ø»òÆäËûÒµÎñÉêÇëµÄ
¿ª·ÅÈÕ
35¡¢T+n ÈÕ£ºÖ¸×Ô T ÈÕÆðµÚ n ¸ö¹¤×÷ÈÕ(²»°üº¬ T ÈÕ)£¬n Ϊ×ÔÈ»Êý
36¡¢¿ª·ÅÈÕ£ºÖ¸ÎªÍ¶×ÊÈË°ìÀí»ù½ð·Ý¶îÉ깺¡¢Êê»Ø»òÆäËûÒµÎñµÄ¹¤×÷ÈÕ
37¡¢¿ª·Åʱ¼ä£ºÖ¸¿ª·ÅÈÕ»ù½ð½ÓÊÜÉ깺¡¢Êê»Ø»òÆäËû½»Ò×µÄʱ¼ä¶Î
38¡¢¡¶ÒµÎñ¹æÔò¡·£ºÖ¸¡¶¸»¹ú»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾¿ª·Åʽ»ù½ðÒµÎñ¹æÔò¡·£¬Êǹæ
·¶»ù½ð¹ÜÀíÈËËù¹ÜÀíµÄ¿ª·Åʽ֤ȯͶ×Ê»ù½ðµÇ¼Ç·½ÃæµÄÒµÎñ¹æÔò£¬ÓÉ»ù½ð¹ÜÀíÈË
ºÍͶ×ÊÈ˹²Í¬×ñÊØ
39¡¢ÈϹº£ºÖ¸ÔÚ»ù½ðļ¼¯ÆÚÄÚ£¬Í¶×ÊÈ˸ù¾Ý»ù½ðºÏͬºÍÕÐļ˵Ã÷ÊéµÄ¹æ¶¨Éê
Ç빺Âò»ù½ð·Ý¶îµÄÐÐΪ¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð ÕÐļ˵Ã÷Êé
8
40¡¢É깺£ºÖ¸»ù½ðºÏͬÉúЧºó£¬Í¶×ÊÈ˸ù¾Ý»ù½ðºÏͬºÍÕÐļ˵Ã÷ÊéµÄ¹æ¶¨Éê
Ç빺Âò»ù½ð·Ý¶îµÄÐÐΪ
41¡¢Êê»Ø£ºÖ¸»ù½ðºÏͬÉúЧºó£¬»ù½ð·Ý¶î³ÖÓÐÈË°´»ù½ðºÏͬºÍÕÐļ˵Ã÷Êé¹æ
¶¨µÄÌõ¼þÒªÇ󽫻ù½ð·Ý¶î¶Ò»»ÎªÏÖ½ðµÄÐÐΪ
42¡¢ÏúÊÛ·þÎñ·Ñ£ºÖ¸±¾»ù½ðÓÃÓÚ³ÖÐøÏúÊۺͷþÎñ»ù½ð·Ý¶î³ÖÓÐÈ˵ķÑÓ㬸Ã
±Ê·ÑÓôӻù½ð²Æ²úÖмÆÌᣬÊôÓÚ»ù½ðµÄÓªÔË·ÑÓÃ
43¡¢A Àà»ù½ð·Ý¶î£ºÖ¸ÔÚͶ×ÊÕßÈϹº/É깺»ù½ðʱÊÕÈ¡ÈϹº/É깺·ÑÓ㬲¢²»
ÔÙ´Ó±¾Àà±ð»ù½ð×ʲúÖмÆÌáÏúÊÛ·þÎñ·ÑµÄ»ù½ð·Ý¶î
44¡¢C Àà»ù½ð·Ý¶î£ºÖ¸´Ó±¾Àà±ð»ù½ð×ʲúÖмÆÌáÏúÊÛ·þÎñ·Ñ£¬²»ÊÕÈ¡ÈϹº/
É깺·ÑÓõĻù½ð·Ý¶î
45¡¢»ù½ðת»»£ºÖ¸»ù½ð·Ý¶î³ÖÓÐÈË°´ÕÕ»ù½ðºÏͬºÍ»ù½ð¹ÜÀíÈ˽ìʱÓÐЧ¹«¸æ
¹æ¶¨µÄÌõ¼þ£¬ÉêÇ뽫Æä³ÖÓлù½ð¹ÜÀíÈ˹ÜÀíµÄ¡¢Ä³Ò»»ù½ðµÄ»ù½ð·Ý¶îת»»Îª»ù½ð
¹ÜÀíÈ˹ÜÀíµÄÆäËû»ù½ð»ù½ð·Ý¶îµÄÐÐΪ
46¡¢×ªÍйܣºÖ¸»ù½ð·Ý¶î³ÖÓÐÈËÔÚ±¾»ù½ðµÄ²»Í¬ÏúÊÛ»ú¹¹Ö®¼äʵʩµÄ±ä¸üËù
³Ö»ù½ð·Ý¶îÏúÊÛ»ú¹¹µÄ²Ù×÷
47¡¢¶¨ÆÚ¶¨¶îͶ×ʼƻ®£ºÖ¸Í¶×ÊÈËͨ¹ýÓйØÏúÊÛ»ú¹¹Ìá³öÉêÇ룬Լ¶¨Ã¿ÆÚÉê
¹ºÈÕ¡¢¿Û¿î½ð¶î¼°¿Û¿î·½Ê½£¬ÓÉÏúÊÛ»ú¹¹ÓÚÿÆÚÔ¼¶¨¿Û¿îÈÕÔÚͶ×ÊÈËÖ¸¶¨ÒøÐÐÕË
»§ÄÚ×Ô¶¯Íê³É¿Û¿î¼°ÊÜÀí»ù½ðÉ깺ÉêÇëµÄÒ»ÖÖͶ×Ê·½Ê½
48¡¢¾Þ¶îÊê»Ø£ºÖ¸±¾»ù½ðµ¥¸ö¿ª·ÅÈÕ£¬»ù½ð¾»Êê»ØÉêÇë(Êê»ØÉêÇë·Ý¶î×ÜÊý
¼ÓÉÏ»ù½ðת»»ÖÐת³öÉêÇë·Ý¶î×ÜÊýºó¿Û³ýÉ깺ÉêÇë·Ý¶î×ÜÊý¼°»ù½ðת»»ÖÐתÈë
ÉêÇë·Ý¶î×ÜÊýºóµÄÓà¶î)³¬¹ýÉÏÒ»¿ª·ÅÈÕ»ù½ð×ܷݶîµÄ 10%
49¡¢Ôª£ºÖ¸ÈËÃñ±ÒÔª
50¡¢»ù½ðÊÕÒ棺ָ»ù½ðͶ×ÊËùµÃºìÀû¡¢¹ÉÏ¢¡¢Õ®È¯ÀûÏ¢¡¢ÂòÂô֤ȯ¼Û²î¡¢Òø
Ðдæ¿îÀûÏ¢¡¢ÒÑʵÏÖµÄÆäËûºÏ·¨ÊÕÈë¼°ÒòÔËÓûù½ð²Æ²ú´øÀ´µÄ³É±¾ºÍ·ÑÓõĽÚÔ¼
51¡¢»ù½ð×ʲú×ÜÖµ£ºÖ¸»ù½ðÓµÓеĸ÷ÀàÓмÛ֤ȯ¡¢ÒøÐдæ¿î±¾Ï¢¡¢»ù½ðÓ¦ÊÕ
¿îÏî¼°ÆäËû×ʲúµÄ¼ÛÖµ×ܺÍ
52¡¢»ù½ð×ʲú¾»Öµ£ºÖ¸»ù½ð×ʲú×ÜÖµ¼õÈ¥»ù½ð¸ºÕ®ºóµÄ¼ÛÖµ
53¡¢»ù½ð·Ý¶î¾»Öµ£ºÖ¸¼ÆËãÈÕ»ù½ð×ʲú¾»Öµ³ýÒÔ¼ÆËãÈÕ»ù½ð·Ý¶î×ÜÊý
54¡¢»ù½ð×ʲú¹ÀÖµ£ºÖ¸¼ÆËãÆÀ¹À»ù½ð×ʲúºÍ¸ºÕ®µÄ¼ÛÖµ£¬ÒÔÈ·¶¨»ù½ð×ʲú¾»¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð ÕÐļ˵Ã÷Êé
9
ÖµºÍ»ù½ð·Ý¶î¾»ÖµµÄ¹ý³Ì
55¡¢Ö¸¶¨Ã½½é£ºÖ¸ÖйúÖ¤¼à»áÖ¸¶¨µÄÓÃÒÔ½øÐÐÐÅÏ¢Åû¶µÄÈ«¹úÐÔ±¨¿¯¼°Ö¸¶¨
»¥ÁªÍøÍøÕ¾£¨°üÀ¨»ù½ð¹ÜÀíÈËÍøÕ¾¡¢»ù½ðÍйÜÈËÍøÕ¾¡¢ÖйúÖ¤¼à»á»ù½ðµç×ÓÅû¶
ÍøÕ¾£©µÈý½é
56¡¢Á÷¶¯ÐÔÊÜÏÞ×ʲú£ºÖ¸ÓÉÓÚ·¨ÂÉ·¨¹æ¡¢¼à¹Ü¡¢ºÏͬ»ò²Ù×÷ÕÏ°µÈÔÒòÎÞ·¨
ÒÔºÏÀí¼Û¸ñÓèÒÔ±äÏÖµÄ×ʲú£¬°üÀ¨µ«²»ÏÞÓÚµ½ÆÚÈÕÔÚ 10 ¸ö½»Ò×ÈÕÒÔÉϵÄÄæ»Ø¹º
ÓëÒøÐж¨ÆÚ´æ¿î£¨º¬ÐÒéÔ¼¶¨ÓÐÌõ¼þÌáǰ֧ȡµÄÒøÐдæ¿î£©¡¢Í£ÅƹÉƱ¡¢Á÷ͨÊÜ
ÏÞµÄйɼ°·Ç¹«¿ª·¢ÐйÉƱ¡¢×ʲúÖ§³Ö֤ȯ¡¢Òò·¢ÐÐÈËÕ®ÎñÎ¥Ô¼ÎÞ·¨½øÐÐתÈûò
½»Ò×µÄծȯµÈ
57¡¢°Ú¶¯¶¨¼Û»úÖÆ£ºÖ¸µ±¿ª·Åʽ»ù½ðÔâÓö´ó¶îÉ깺Êê»Øʱ£¬Í¨¹ýµ÷Õû»ù½ð·Ý
¶î¾»ÖµµÄ·½Ê½£¬½«»ù½ðµ÷ÕûͶ×Ê×éºÏµÄÊг¡³å»÷³É±¾·ÖÅä¸øʵ¼ÊÉ깺¡¢Êê»ØµÄͶ
×ÊÕߣ¬´Ó¶ø¼õÉÙ¶Ô´æÁ¿»ù½ð·Ý¶î³ÖÓÐÈËÀûÒæµÄ²»ÀûÓ°Ï죬ȷ±£Í¶×ÊÈ˵ĺϷ¨È¨Òæ
²»ÊÜË𺦲¢µÃµ½¹«Æ½¶Ô´ý
58¡¢²»¿É¿¹Á¦£ºÖ¸»ù½ðºÏͬµ±ÊÂÈ˲»ÄÜÔ¤¼û¡¢²»ÄܱÜÃâÇÒ²»ÄÜ¿Ë·þµÄ¿Í¹ÛÊÂ
¼þ
59¡¢ETF Áª½Ó»ù½ð£ºÖ¸½«¾ø´ó¶àÊý»ù½ð²Æ²úͶ×ÊÓÚÄ¿±ê ETF£¬ÓëÄ¿±ê ETF
µÄͶ×ÊÄ¿±êÀàËÆ£¬½ôÃܸú×ÙÒµ¼¨±È½Ï»ù×¼£¬×·Çó¸ú×ÙÆ«Àë¶ÈºÍ¸ú×ÙÎó²î×îС»¯£¬
²ÉÓÿª·ÅʽÔË×÷·½Ê½µÄ»ù½ð£¬¼ò³Æ¡°Áª½Ó»ù½ð¡±
60¡¢Ä¿±ê ETF£ºÖ¸ÁíÒ»»ñÖйúÖ¤¼à»á×¢²áµÄ½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ð
£¨ÒÔϼò³Æ¡°¸Ã ETF¡±£©£¬¸Ã ETF ºÍ±¾»ù½ðËù¸ú×ٵıêµÄÖ¸ÊýÏàͬ£¬²¢ÇÒ£¬¸Ã ETF
µÄͶ×ÊÄ¿±êºÍ±¾»ù½ðµÄͶ×ÊÄ¿±êÀàËÆ£¬±¾»ù½ðÖ÷ҪͶ×ÊÓڸà ETF ÒÔÇó´ïµ½Í¶×Ê
Ä¿±ê¡£±¾»ù½ðÑ¡Ôñ¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðΪĿ±ê
ETF
61¡¢±êµÄÖ¸Êý£ºÖ¸ÖÐÖ¤Ö¸ÊýÓÐÏÞ¹«Ë¾±àÖƲ¢·¢²¼µÄÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯Ö¸Êý¼°
ÆäδÀ´¿ÉÄÜ·¢ÉúµÄ±ä¸ü
62¡¢×ªÈÚ֤ͨȯ³ö½èÒµÎñ£ºÖ¸»ù½ðÒÔÒ»¶¨µÄ·ÑÂÊͨ¹ý֤ȯ½»Ò×Ëù×ÛºÏÒµÎñƽ
̨ÏòÖйú֤ȯ½ðÈڹɷÝÓÐÏÞ¹«Ë¾³ö½è֤ȯ£¬Öйú֤ȯ½ðÈڹɷÝÓÐÏÞ¹«Ë¾µ½Æڹ黹
Ëù½è֤ȯ¼°ÏàӦȨÒæ²¹³¥²¢Ö§¸¶·ÑÓõÄÒµÎñ
63¡¢»ù½ð²úÆ·×ÊÁϸÅÒª£ºÖ¸¡¶¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯ¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð ÕÐļ˵Ã÷Êé
10
Ͷ×Ê»ù½ðÁª½Ó»ù½ð»ù½ð²úÆ·×ÊÁϸÅÒª¡·¼°Æä¸üи»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð ÕÐļ˵Ã÷Êé
11
µÚÈý²¿·Ö »ù½ð¹ÜÀíÈË
Ò»¡¢»ù½ð¹ÜÀíÈ˸ſö
Ãû³Æ£º¸»¹ú»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾
×¢²áµØÖ·£ºÖйú£¨ÉϺ££©×ÔÓÉóÒ×ÊÔÑéÇøÊÀ¼Í´óµÀ 1196 ºÅÊÀ¼Í»ã°ì¹«Â¥¶þ
×ù 27-30 ²ã
°ì¹«µØÖ·£ºÖйú£¨ÉϺ££©×ÔÓÉóÒ×ÊÔÑéÇøÊÀ¼Í´óµÀ 1196 ºÅÊÀ¼Í»ã°ì¹«Â¥¶þ
×ù 27-30 ²ã
·¨¶¨´ú±íÈË£ºÅ᳤½
×ܾÀí£º³Â¸ê
³ÉÁ¢ÈÕÆÚ£º1999 Äê 4 Ô 13 ÈÕ
µç»°£º£¨021£©20361818
´«Õ棺£¨021£©20361616
ÁªÏµÈË£ºÕÔçø
×¢²á×ʱ¾£º5.2 ÒÚÔªÈËÃñ±Ò
¹ÉȨ½á¹¹£¨½ØÖ¹ÓÚ 2019 Äê 8 Ô 20 ÈÕ£©£º
¹É¶«Ãû³Æ ³ö×ʱÈÀý
º£Í¨Ö¤È¯¹É·ÝÓÐÏÞ¹«Ë¾ 27.775%
ÉêÍòºêԴ֤ȯÓÐÏÞ¹«Ë¾ 27.775%
¼ÓÄôóÃÉÌØÀû¶ûÒøÐÐ 27.775%
ɽ¶«Ê¡¹ú¼ÊÐÅÍйɷÝÓÐÏÞ¹«Ë¾ 16.675%
¹«Ë¾ÉèÁ¢ÁËͶ×ʾö²ßίԱ»áºÍ·çÏÕ¿ØÖÆίԱ»áµÈרҵίԱ»á¡£Í¶×ʾö²ßίԱ
»á¸ºÔðÖƶ¨»ù½ðͶ×ʵÄÖØ´ó¾ö²ßºÍͶ×Ê·çÏÕ¹ÜÀí¡£·çÏÕ¿ØÖÆίԱ»á¸ºÔð¹«Ë¾ÈÕ³£
ÔË×÷µÄ·çÏÕ¿ØÖƺ͹ÜÀí¹¤×÷£¬È·±£¹«Ë¾ÈÕ³£¾Óª»î¶¯·ûºÏÏà¹Ø·¨ÂÉ·¨¹æºÍÐÐÒµ¼à
¹Ü¹æÔò£¬·À·¶ºÍ»¯½âÔË×÷·çÏÕ¡¢ºÏ¹æÓëµÀµÂ·çÏÕ¡£
¹«Ë¾Ä¿Ç°ÏÂÉè¶þÊ®°Ë¸ö²¿ÃÅ¡¢Èý¸ö·Ö¹«Ë¾ºÍ¶þ¸ö×Ó¹«Ë¾£¬·Ö±ðÊÇ£ºÈ¨ÒæͶ×Ê
²¿¡¢¹Ì¶¨ÊÕÒæͶ×ʲ¿¡¢¹Ì¶¨ÊÕÒæר»§Í¶×ʲ¿¡¢¹Ì¶¨ÊÕÒæÐÅÓÃÑо¿²¿¡¢¹Ì¶¨ÊÕÒæ²ß
ÂÔÑо¿²¿¡¢¶àÔª×ʲúͶ×ʲ¿¡¢Á¿»¯Í¶×ʲ¿¡¢º£ÍâȨÒæͶ×ʲ¿¡¢È¨Òæר»§Í¶×ʲ¿¡¢
ÑøÀϽðͶ×ʲ¿¡¢È¨ÒæÑо¿²¿¡¢¼¯Öн»Òײ¿¡¢»ú¹¹ÒµÎñ²¿¡¢ÑøÀϽðÒµÎñ²¿¡¢ÒøÐÐÒµ
Îñ²¿¡¢»ú¹¹·þÎñ²¿¡¢ÁãÊÛÒµÎñ²¿¡¢ÓªÏú¹ÜÀí²¿¡¢¿Í»§·þÎñ²¿¡¢µç×ÓÉÌÎñ²¿¡¢Õ½ÂÔ¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð ÕÐļ˵Ã÷Êé
12
Óë²úÆ·²¿¡¢ºÏ¹æ»üºË²¿¡¢·çÏÕ¹ÜÀí²¿¡¢¼Æ»®²ÆÎñ²¿¡¢ÈËÁ¦×ÊÔ´²¿¡¢×ۺϹÜÀí²¿£¨¶
Ê»á°ì¹«ÊÒ£©¡¢ÐÅÏ¢¼¼Êõ²¿¡¢ÔËÓª²¿¡¢±±¾©·Ö¹«Ë¾¡¢³É¶¼·Ö¹«Ë¾¡¢¹ãÖÝ·Ö¹«Ë¾¡¢
¸»¹ú×ʲú¹ÜÀí£¨Ïã¸Û£©ÓÐÏÞ¹«Ë¾¡¢¸»¹ú×ʲú¹ÜÀí£¨ÉϺ££©ÓÐÏÞ¹«Ë¾¡£
ȨÒæͶ×ʲ¿£º¸ºÔðȨÒæÀà»ù½ð²úÆ·µÄͶ×ʹÜÀí£»¹Ì¶¨ÊÕÒæͶ×ʲ¿£º¸ºÔð¹Ì¶¨
ÊÕÒæÀ๫ļ²úÆ·ºÍ·Ç¹Ì¶¨ÊÕÒæÀ๫ļ²úÆ·µÄծȯ²¿·Ö£¨°üÀ¨¹«Ë¾×ÔÓÐ×ʽðµÈ£©µÄ
Ͷ×ʹÜÀí£»¹Ì¶¨ÊÕÒæר»§Í¶×ʲ¿£º¸ºÔðÒ»¶ÔÒ»¡¢Ò»¶Ô¶àµÈ·Ç¹«Ä¼¹Ì¶¨ÊÕÒæÀàר»§
µÄͶ×ʹÜÀí£»¹Ì¶¨ÊÕÒæÐÅÓÃÑо¿²¿£º½¨Á¢ºÍÍêÉÆծȯÐÅÓÃÆÀ¼¶Ìåϵ£¬¿ªÕ¹ÐÅÓÃÑÐ
¾¿µÈ£¬Îª¹«Ë¾¹Ì¶¨ÊÕÒæÀàͶ×ʾö²ßÌṩÑо¿Ö§³Ö£»¹Ì¶¨ÊÕÒæ²ßÂÔÑо¿²¿£º¿ªÕ¹¹Ì
¶¨ÊÕÒæͶ×ʲßÂÔÑо¿£¬Í³Ò»¹Ì¶¨ÊÕÒæͶ×ÊÖÐ̨¹ÜÀí£¬Îª¹«Ë¾¹Ì¶¨ÊÕÒæÀàͶ×ʾö²ß
ºÍÖ´ÐÐÌṩ·¢Õ¹½¨Òé¡¢Ñо¿Ö§³ÖºÍ·çÏÕ¿ØÖÆ£»¶àÔª×ʲúͶ×ʲ¿£º¸ù¾Ý·¨ÂÉ·¨¹æ¡¢
¹«Ë¾¹æÕÂÖƶȡ¢ÆõÔ¼ÒªÇó£¬ÔÚÊÚȨ·¶Î§ÄÚ£¬¸ºÔð FOF »ù½ðͶ×ÊÔË×÷ºÍ¿ç×ʲú¡¢¿ç
Æ·ÖÖ¡¢¿ç²ßÂԵĶàÔª×ʲúÅäÖòúÆ·µÄͶ×ʹÜÀí£»Á¿»¯Í¶×ʲ¿£º¸ºÔð¹«Ë¾ÓйØÁ¿»¯
Ͷ×ʹÜÀíÒµÎñ£»º£ÍâȨÒæͶ×ʲ¿£º¸ºÔð¹«Ë¾ÔÚÖйú¾³Í⣨º¬Ïã¸Û£©µÄȨÒæͶ×ʹÜ
Àí£»È¨Òæר»§Í¶×ʲ¿£º¸ºÔðÉç±£¡¢±£ÏÕ¡¢QFII¡¢Ò»¶ÔÒ»¡¢Ò»¶Ô¶àµÈ·Ç¹«Ä¼È¨ÒæÀà
ר»§µÄͶ×ʹÜÀí£»ÑøÀϽðͶ×ʲ¿£º¸ºÔðÑøÀϽð£¨ÆóÒµÄê½ð¡¢Ö°ÒµÄê½ð¡¢»ù±¾ÑøÀÏ
½ð¡¢Éç±£µÈ£©¼°ÀàÑøÀϽðר»§µÈ²úÆ·µÄͶ×ʹÜÀí£»È¨ÒæÑо¿²¿£º¸ºÔðÐÐÒµÑо¿¡¢
ÉÏÊй«Ë¾Ñо¿ºÍºê¹ÛÑо¿µÈ£»¼¯Öн»Òײ¿£º¸ºÔðͶ×ʽ»Ò׺ͷçÏÕ¿ØÖÆ£»»ú¹¹ÒµÎñ
²¿£º¸ºÔð±£ÏÕ¡¢²ÆÎñ¹«Ë¾¡¢ÉÏÊй«Ë¾¡¢Ö÷Ȩ²Æ¸»»ù½ð¡¢»ù½ð»á¡¢È¯ÉÌ¡¢ÐÅÍС¢Ë½
ļ¡¢Í¬ÒµÑøÀϽð¹ÜÀíÈË¡¢Í¬Òµ¹«Ä¼»ù½ð FOF¡¢º£Íâ¿Í»§µÈ¿ÍȺµÄÏúÊÛÓë·þÎñ£»Ñø
ÀϽðÒµÎñ²¿£º¸ºÔðÑøÀϽðµÚÒ»¡¢µÚ¶þÖ§Öù¿Í»§¡¢¹²Í¬²ÎÓëµÚÈýÖ§Öù¿Í»§µÄÏúÊÛÓë
·þÎñ£»ÒøÐÐÒµÎñ²¿£º¸ºÔðÒøÐпͻ§µÄ½ðÈÚÊг¡²¿¡¢Í¬Òµ²¿¡¢×ʲú¹ÜÀí²¿¡¢Ë½ÈËÒø
Ðв¿µÈ²¿ÃÅ·Ç´úÏúÏúÊÛÓë·þÎñ£»»ú¹¹·þÎñ²¿£º¸ºÔðе÷Èý¸ö»ú¹¹ÏúÊÛ²¿ÃŶԽӹ«
˾×ÊÔ´£¬ÊµÏÖÏîÄ¿ÂäµØ£¬Ìṩרҵ֧³ÖºÍÏîÄ¿¹ÜÀí,¶Ô¹«Ë¾ÒÑÓлú¹¹¿Í»§½øÐгÖ
Ðøרҵ·þÎñ£»ÁãÊÛÒµÎñ²¿£º¹ÜÀí»ª¶«ÓªÏúÖÐÐÄ¡¢»ªÖÐÓªÏúÖÐÐÄ¡¢¹ã¶«ÓªÏúÖÐÐÄ¡¢
ÉîÛÚÓªÏúÖÐÐÄ¡¢±±¾©ÓªÏúÖÐÐÄ¡¢¶«±±ÓªÏúÖÐÐÄ¡¢Î÷²¿ÓªÏúÖÐÐÄ¡¢»ª±±ÓªÏúÖÐÐÄ£¬
¸ºÔð¹«Ä¼»ù½ðµÄÁãÊÛÒµÎñ£»ÓªÏú¹ÜÀí²¿£º¸ºÔðÓªÏú¼Æ»®µÄÄⶨºÍÂäʵ¡¢Æ·Åƽ¨Éè
ºÍý½é¹Øϵ¹ÜÀí£¬ÎªÁãÊۺͻú¹¹ÒµÎñÍŶӡ¢×Ó¹«Ë¾µÈÌṩһվʽÏúÊÛÖ§³Ö£»¿Í»§
·þÎñ²¿£ºÄⶨ¿Í»§·þÎñ²ßÂÔ£¬Öƶ¨¿Í»§·þÎñ¹æ·¶£¬½¨Éè¿Í»§·þÎñÍŶӣ¬Ìá¸ß¿Í»§
ÂúÒâ¶È£¬ÊÕ¼¯¿Í»§ÐÅÏ¢£¬·ÖÎö¿Í»§ÐèÇó£¬Ö§³Ö¹«Ë¾¾ö²ß£»µç×ÓÉÌÎñ²¿£º¸ºÔð»ù½ð¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð ÕÐļ˵Ã÷Êé
13
µç×ÓÉÌÎñ·¢Õ¹Ç÷ÊÆ·ÖÎö£¬Äⶨ²¢Âäʵ¹«Ë¾µç×ÓÉÌÎñ·¢Õ¹²ßÂÔºÍʵʩϸÔò£¬ÓÐЧÍÆ
½ø¹«Ë¾µç×ÓÉÌÎñÒµÎñ£»Õ½ÂÔÓë²úÆ·²¿£º¸ºÔ𿪷¢¡¢Î¬»¤¹«Ä¼ºÍ·Ç¹«Ä¼²úÆ·£¬ÐÖú
¹ÜÀí²ãÑо¿¡¢Öƶ¨¡¢Âäʵ¡¢µ÷Õû¹«Ë¾·¢Õ¹Õ½ÂÔ£¬½¨Á¢Êý¾ÝËѼ¯¡¢·ÖÎöƽ̨£¬Îª¹«
˾Ͷ×ʾö²ß¡¢ÏúÊÛ¾ö²ß¡¢ÒµÎñ·¢Õ¹¡¢¼¨Ð§·ÖÎöµÈÌṩÕûºÏµÄÊý¾ÝÖ§³Ö£»ºÏ¹æ»üºË
²¿£ºÂÄÐкϹæÉó²é¡¢ºÏ¹æ¼ì²é¡¢ºÏ¹æ×Éѯ¡¢·´Ï´Ç®¡¢ºÏ¹æÐûµ¼ÓëÅàѵ¡¢ºÏ¹æ¼à²â
µÈºÏ¹æ¹ÜÀíÖ°ÄÜ£¬¿ªÕ¹ÄÚ²¿Éó¼Æ£¬¹ÜÀíÐÅÏ¢Åû¶¡¢·¨ÂÉÊÂÎñµÈ£»·çÏÕ¹ÜÀí²¿£ºÖ´
Ðй«Ë¾ÕûÌå·çÏÕ¹ÜÀí²ßÂÔ£¬Ç£Í·Äⶨ¹«Ë¾·çÏÕ¹ÜÀíÖƶÈÓëÁ÷³Ì£¬×éÖ¯¿ªÕ¹·çÏÕʶ
±ð¡¢ÆÀ¹À¡¢±¨¸æ¡¢¼à²âÓëÓ¦¶Ô£¬¸ºÔð¹«Ë¾Æìϸ÷Ͷ×Ê×éºÏºÏ¹æ¼à¿ØµÈ£»ÐÅÏ¢¼¼Êõ
²¿£º¸ºÔðÈí¼þ¿ª·¢Óëϵͳά»¤µÈ£»ÔËÓª²¿£º¸ºÔð»ù½ð»á¼ÆÓëÇåË㣻¼Æ»®²ÆÎñ²¿£º
¸ºÔð¹«Ë¾²ÆÎñ¼Æ»®Óë¹ÜÀí£»ÈËÁ¦×ÊÔ´²¿£º¸ºÔðÈËÁ¦×ÊÔ´¹æ»®Óë¹ÜÀí£»×ۺϹÜÀí²¿
£¨¶Ê»á°ì¹«ÊÒ£©£º¸ºÔð¹«Ë¾¶Ê»áÈÕ³£ÊÂÎñ¡¢¹«Ë¾ÎÄÃعÜÀí¡¢¹«Ë¾£¨ÄÚ²¿£©Ðû
´«¡¢ÐÅÏ¢µ÷ÑС¢ÐÐÕþºóÇÚ¹ÜÀíµÈ¹¤×÷£»¸»¹ú×ʲú¹ÜÀí£¨Ïã¸Û£©ÓÐÏÞ¹«Ë¾£ºÖ¤È¯½»
Òס¢¾Í֤ȯÌṩÒâ¼ûºÍÌṩ×ʲú¹ÜÀí£»¸»¹ú×ʲú¹ÜÀí£¨ÉϺ££©ÓÐÏÞ¹«Ë¾£º¾ÓªÌØ
¶¨¿Í»§×ʲú¹ÜÀíÒÔ¼°ÖйúÖ¤¼à»áÈϿɵÄÆäËûÒµÎñ¡£
½ØÖ¹µ½ 2019 Äê 7 Ô 31 ÈÕ£¬¹«Ë¾ÓÐÔ±¹¤ 464 ÈË£¬ÆäÖÐ 70%ÒÔÉϾßÓÐ˶ʿÒÔÉÏ
ѧÀú¡£
¶þ¡¢Ö÷ÒªÈËÔ±Çé¿ö
1¡¢¶Ê»á³ÉÔ±
Å᳤½ÏÈÉú£¬¶Ê³¤£¬Ñо¿ÉúѧÀú¡£ÏÖÈκ£Í¨Ö¤È¯¹É·ÝÓÐÏÞ¹«Ë¾¸±×ܾÀí¡£
ÀúÈÎÉϺ£Íò¹ú֤ȯ¹«Ë¾Ñо¿²¿Ñо¿Ô±¡¢Õ¢±±ÓªÒµ²¿×ܾÀíÖúÀí¡¢×ܾÀí£¬ÉêÒøÍò
¹ú֤ȯ¹«Ë¾Õ¢±±ÓªÒµ²¿×ܾÀí¡¢Õã½¹ÜÀí×ܲ¿¸±×ܾÀí¡¢¾¼Í×ܲ¿¸±×ܾÀí£¬»ª
±¦ÐÅÍÐͶ×ÊÓÐÏÞÔðÈι«Ë¾Í¶×Ê×ܼ࣬»ª±¦ÐËÒµ»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾¶Ê¼æ×ܾÀí¡£
³Â¸êÏÈÉú£¬¶Ê£¬×ܾÀí£¬Ñо¿ÉúѧÀú¡£ÀúÈιúÌ©¾ý°²Ö¤È¯ÓÐÏÞÔðÈι«Ë¾ÑÐ
¾¿ËùÑо¿Ô±£¬¸»¹ú»ù½ð¹ÜÀíÓÐÏÞ¹«Ë¾Ñо¿Ô±¡¢»ù½ð¾Àí¡¢Ñо¿²¿×ܾÀí¡¢×ܾÀí
ÖúÀí¡¢¸±×ܾÀí£¬2005 Äê 4 ÔÂÖÁ 2014 Äê 4 ÔÂÈθ»¹úÌìÒæ¼Ûֵ֤ȯͶ×Ê»ù½ð»ù½ð
¾Àí¡£
Âó³ÂÍñ·ÒŮʿ£¨Constance Mak£©£¬¶Ê£¬ÎÄѧ¼°ÉÌѧѧʿ£¬¼ÓÄôóÌØÐí»á¼Æ
ʦ¡£ÏÖÈÎ BMO ½ðÈÚ¼¯ÍÅÑÇÖÞÒµÎñ×ܾÀí£¨General Manager, Asia, International,
BMO Financial Group£©£¬ÖмÓóÒ×ÀíÊ»á¶ÊºͼÓÄôóÖÐÎĵçÊǪ́¹ËÎÊÍŵijÉÔ±¡£¸»¹úÖÐÖ¤ÑëÆó´´ÐÂÇý¶¯½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð ÕÐļ˵Ã÷Êé
14
ÀúÈÎ St. Margaret¡¯s College ½Ìʦ£¬¼ÓÄôó±ÏÂíÍþ(KPMG)»á¼ÆÊÂÎñËùµÄºÏ»ïÈË¡£
·½ÈÙÒåÏÈÉú£¬¶Ê£¬²©Ê¿£¬Ñо¿ÉúѧÀú£¬¸ß¼¶»á¼Æʦ¡£ÏÖÈÎÉêÍòºêԴ֤ȯÓÐ
ÏÞ¹«Ë¾¸±×ܾÀí¡¢²ÆÎñ×ܼࡢÊ×ϯ·çÏÕ¹Ù¡¢¶Ê»áÃØÊé¡£ÀúÈα±¾©ÓÃÓѵç×Ó²ÆÎñ
¼¼ÊõÓÐÏÞ¹«Ë¾Ñо¿ËùÐÅÏ¢ÖÐÐĸ±Ö÷ÈΣ¬ÏÃÃÅ´óѧ¹¤É̹ÜÀí½ÌÓýÖÐÐĸ±½ÌÊÚ£¬Öйú
ÈËÃñÒøÐÐÉîÛÚ¾¼ÃÌØÇø·ÖÐÐ(ÉîÛÚÊÐÖÐÐÄÖ§ÐÐ)»á¼Æ´¦¸±´¦³¤£¬ÖйúÈËÃñÒøÐÐÉîÛÚ
ÊÐÖÐÐÄÖ§ÐзÇÒøÐнðÈÚ»ú¹¹´¦´¦³¤£¬ÖйúÒøÐÐÒµ¼à¶½¹ÜÀíίԱ»áÉîÛÚ¼à¹Ü¾Ö²ÆÎñ
»á¼Æ´¦´¦³¤¡¢¹úÓÐÒøÐмà¹Ü´¦´¦³¤£¬ÉêÒøÍò¹ú֤ȯ¹É·ÝÓÐÏÞ¹«Ë¾²ÆÎñ×ܼࡣ
ÕÅОüÏÈÉú£¬¶Ê£¬Ñо¿ÉúѧÀú¡£ÏÖÈκ£Í¨Ö¤È¯¹É·ÝÓÐÏÞ¹«Ë¾²ÆÎñ×ܼࡢº£
ͨ¹ú¼Ê¿Ø¹ÉÓÐÏÞ¹«Ë¾¸±×ܾÀí¼æ²ÆÎñ×ܼࡣÀúÈκ£Í¨Ö¤È¯ÓÐÏÞ¹«Ë¾²ÆÎñ»á¼Æ²¿Ô±
¹¤¡¢¼Æ»®²ÆÎñ²¿×ʲú¹ÜÀí²¿¸±¾Àí/¾Àí¡¢º£Í¨¹ú¼Ê֤ȯ¼¯ÍÅÓÐÏÞ¹«Ë¾Ê×ϯ²ÆÎñ
¹Ù¡¢º£Í¨¹ú¼Ê¿Ø¹ÉÓÐÏÞ¹«Ë¾Ê×ϯ·çÏÕ¹Ù¡£
Edgar Normund Legzdins ÏÈÉú£¬¶Ê£¬±¾¿ÆѧÀú£¬¼ÓÄôóÌØÐí»á¼Æʦ¡£ÏÖ
ÈÎ BMO ½ðÈÚ¼¯ÍŹú¼ÊÒµÎñÈ«Çò×ܲã¨SVP & Managing Director, International,
BMO Financial Group£©¡£1980 ÄêÖÁ 1984 ÄêÔÚ Coopers & Lybrand µ£ÈÎÉó¼Æ¹¤×÷£»
1984 Äê¼ÓÈë¼ÓÄôó BMO ÒøÐнðÈÚ¼¯ÍÅÃÉÌØÀû¶ûÒøÐС£
ÕÅ¿ÆÏÈÉú£¬¶Ê£¬±¾¿ÆѧÀú£¬¾¼Ãʦ¡£ÏÖÈÎɽ¶«Ê¡¹ú¼ÊÐÅÍйɷÝÓÐÏÞ¹«Ë¾¹Ì
ÓÐÒµÎñ¹ÜÀí²¿×ܾÀí¡£ÀúÈÎɽ¶«Ê¡¹ú¼ÊÐÅÍйɷÝÓÐÏÞ¹«Ë¾»ù½ð´û¿î²¿ÒµÎñÔ±¡¢»ù
½ðͶ×ʲ¿ÒµÎñÔ±¡¢»ù½¨»ù½ð¹ÜÀí²¿ÒµÎñÔ±¡¢»ù½¨»ù½ð¹ÜÀí²¿ÐÅÍоÀí¡¢»ù½¨»ù½ð
¹ÜÀí²¿¸±×ܾÀí¡¢¹ÌÓÐÒµÎñ¹ÜÀí²¿¸±×ܾÀí¡£
ºÎ×ÚºÀÏÈÉú£¬¶Ê£¬Ë¶Ê¿¡£ÏÖÈÎÉêÍòºêԴ֤ȯÓÐÏÞ¹«Ë¾¼Æ»®²ÆÎñ¹ÜÀí×ܲ¿×Ü
¾Àí¡£ÀúÈÎÈËÃñÒøÐÐÉϺ£ÊÐÐì»ãÇø°ìÊ´¦¼Æ»®ÐÅ´û¿Æ¡¢×éÖ¯¿Æ¿ÆÔ±£»¹¤ÉÌÒøÐÐÐì
»ãÇø°ìÊ´¦½¨¹úÎ÷··ÖÀí´¦µ³Ö§²¿´úÊé¼Ç¡¢µ³Ö§²¿Êé¼Ç¼æ·ÖÀí´¦¸±Ö÷ÈΣ¨Ö÷³Ö¹¤
×÷£©£»ÉϺ£ÉêÒø֤ȯ¹«Ë¾²Æ»á²¿Ô±¹¤£»ÉϺ£ÉêÒø֤ȯ¹«Ë¾ÆÖ¶«¹«Ë¾²Æ»á²¿³ï±¸¸º
ÔðÈË£»ÉϺ£ÉêÒø֤ȯ¹«Ë¾ÆÖ¶«¹«Ë¾²Æ»á²¿¸±¾Àí¡¢¾Àí£»ÉêÒøÍò¹ú֤ȯ¹É·ÝÓÐÏÞ
¹«Ë¾ÆÖ¶«·Ö¹«Ë¾²Æ»á²¿¾Àí¡¢ÉêÒøÍò¹úÖ¤È