{"id":53376,"date":"2018-08-21T10:47:35","date_gmt":"2018-08-21T02:47:35","guid":{"rendered":"http:\/\/www.fagao.me\/?p=53376"},"modified":"2018-08-21T10:47:35","modified_gmt":"2018-08-21T02:47:35","slug":"%e9%9d%a2%e8%af%95%e6%8a%95%e8%a1%8cpevc%e5%a6%82%e4%bd%95%e5%9c%a8%e9%9d%a2%e8%af%95%e5%ae%98%e9%9d%a2%e5%89%8d%e8%af%81%e6%98%8e%e8%87%aa%e5%b7%b1%e7%9a%84%e4%b8%9a%e5%8a%a1%e8%83%bd%e5%8a%9b-3","status":"publish","type":"post","link":"https:\/\/www.fagao.me\/p\/53376.htm","title":{"rendered":"\u9762\u8bd5\u6295\u884cPEVC\u5982\u4f55\u5728\u9762\u8bd5\u5b98\u9762\u524d\u8bc1\u660e\u81ea\u5df1\u7684\u4e1a\u52a1\u80fd\u529b"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.fagao.me\/images\/uploads\/2018_010.jpg\" alt=\"\"><\/p>\n<p><span style=\"font-size: 16px;\"><strong><span style=\"font-size: 16px;\">\u6691\u671f\u5b9e\u4e60\u751f\u7684\u6708\u85aa\u5c45\u7136\u53ef\u4ee5\u8fbe\u52303.8\u4e07\uff01<\/span><\/strong><\/span><span style=\"font-size: 16px;\">\u8fd9\u4e0d\u5355\u53d1\u751f\u5728\u81ea\u5a92\u4f53\u53f7\u4e2d\u7684\u8f6f\u6587\u4e2d\uff0c\u800c\u662f\u5207\u5b9e\u53d1\u751f\u5728\u6211\u4eec\u8eab\u8fb9\u3002<\/span><span style=\"font-size: 16px;\">\u636e\u77e5\u4e4e\u5927V\u7206\u51fa\u7684\u9ad8\u76db\u7684\u85aa\u8d44\u8868\u6765\u770b\uff0c<\/span><strong><span style=\"font-size: 16px;\">\u6691\u671f\u5b9e\u4e60\u751f\u7684\u6708\u85aa\u53ef\u4ee5\u8fbe\u52303.8\u4e07\uff0c<\/span><\/strong><span style=\"font-size: 16px;\">\u800c\u4e14\u5916\u8d44\u6295\u884c\u4e00\u822c\u91c7\u7528 Global Pay \u7684\u85aa\u8d44\u6807\u51c6\uff0c\u5982\u679c\u80fd\u591f\u62ff\u5230\u5916\u8d44\u6295\u884c\u7684 offer \u51e0\u4e4e\u610f\u5473\u774025\u5c81\u5b9e\u73b0\u5e74\u85aa\u767e\u4e07\u3002<\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u7f51\u4f20\u9ad8\u76db\u7684\u85aa\u8d44\u6807\u51c6<\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u5c31\u804c\u6295\u884c\u3001PE\u3001VC\u7b49\u9876\u7ea7\u91d1\u878d\u673a\u6784\u662f\u5927\u591a\u6570\u540c\u5b66\u7684\u7ec8\u6781\u68a6\u60f3\u3002\u5927\u884c\u4e13\u4e1a\u6b63\u89c4\u7684training\u3001\u5e73\u53f0\u3001\u9ad8\u7aef\u4eba\u8109\u7f51\uff0c\u65e0\u4e00\u4e0d\u5728\u662d\u793a\u7740\u6bd5\u4e1a\u5c31\u8fdb\u80fd\u6295\u884c\u662f\u4e00\u4e2a\u6781\u597d\u7684\u8d77\u70b9\u3002<\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u5185\u8d44\u6295\u884c\u7684\u65b0\u4eba\u9047\u4e0a\u8f83\u597d\u7684\u884c\u60c5\uff0c<\/span><strong><span style=\"font-size: 16px;\">Bonus \u751a\u81f3\u53ef\u4ee5\u62ff\u52303\u5e74\u7684\u85aa\u8d44\uff0c\u6bd5\u4e1a\u7b2c\u4e00\u5e74\u5c31\u53ef\u4ee5\u5b9e\u73b0\u5e74\u85aa\u767e\u4e07<\/span><\/strong><span style=\"font-size: 16px;\">\uff0c\u6709\u65f6\u5019\u8fd8\u4f1a\u7565\u8d85\u8fc7\u5916\u8d44\u6295\u884c\u7684\u5e74\u85aa\u6c34\u5e73\u3002PE\u3001VC\u7684\u6536\u5165\u60c5\u51b5\u548c\u6295\u884c\u7c7b\u4f3c\uff0c\u5168\u56fd20\u4e07 PE\/VC \u4ece\u4e1a\u8005\u7684\u5e73\u5747\u85aa\u916c\u6c34\u5e73\u4e3a30\u4e07\u81f390\u4e07\uff0c\u9879\u76ee\u7684\u5956\u91d1\u53ca\u5206\u6210\u771f\u7684\u53ef\u4ee5\u505a\u5230\u201c\u5f00\u5f20\u5403\u4e09\u5e74\u201d\u3002<\/span><\/p>\n<p><span><strong><span>\u6e05\u5317\u590d\u4ea4\u90fd\u4e0d\u4e00\u5b9a\u8981<\/span><\/strong><\/span><\/p>\n<p><span><strong><span>\u9876\u7ea7\u91d1\u878d\u673a\u6784\u7684\u62db\u8058\u8981\u6c42\u662f\u4ec0\u4e48<\/span><\/strong><\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u5916\u8d44\u6295\u884c\u5c97\u4f4d\u8981\u6c42<\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u5bf9\u4e8e\u60f3\u8981\u5728\u6bd5\u4e1a\u540e\u987a\u5229\u62ff\u5230\u9876\u7ea7\u91d1\u878d\u673a\u6784offer\u7684\u540c\u5b66\u6765\u8bf4\uff0c\u91d1\u878d\u6c42\u804c\u4e89\u6fc0\u70c8\u4e14\u95e8\u69db\u6781\u9ad8\uff1a<\/span><strong><span style=\"font-size: 16px;\">\u5373\u4f7f\u662f\u6e05\u5317\u590d\u4ea4\u3001\u56db\u5927\u8d22\u7ecf\u9662\u6821\u7684\u91d1\u878d\u9ad8\u6750\u751f<\/span><\/strong><span style=\"font-size: 16px;\">\uff0c\u4e5f\u8981\u503e\u5c3d\u5168\u529b\u4e3aoffer\u4e00\u6218\u2026<\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u4f46\u662f\u8bb8\u591a\u6765\u81ea Target School \u7684\u5b66\u751f\uff0c\u5728\u91d1\u878d\u673a\u6784\u7684\u9762\u8bd5\u91cc\u8fd8\u662f\u4f1a\u88ab\u5237\u6389\uff0c\u539f\u56e0\u5176\u5b9e\u5f88\u7b80\u5355\u3002<strong><span>\u8d22\u52a1\u5206\u6790\u3001\u4f30\u503c\u5efa\u6a21\u3001\u884c\u4e1a\u7814\u7a76<\/span><\/strong><span>\u7b49\u65b9\u9762\u7684\u80fd\u529b\u662f\u6574\u4e2a\u6c42\u804c\u4e2d\u89c2\u5bdf\u7684\u91cd\u70b9\u3002<\/span><\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u4f46\u8fd9\u4e9b\u4e1c\u897f\uff0c\u5b66\u6821\u4e0d\u6559\u3002<\/span><\/p>\n<p style=\"text-align: justify;\"><span>\uff08\u4e2d\u4fe1\uff09\u5229\u6da6\u8868\u7684\u7ed3\u6784\u662f\u4ec0\u4e48\u6837\u7684\uff1f<\/span><span style=\"font-size: 16px;\"><\/span><\/p>\n<p style=\"text-align: justify;\"><span>\uff08\u4e2d\u91d1\uff09\u4e00\u5bb6\u4f01\u4e1a<\/span><span>\u589e\u52a0100\u4e07\u5143\u56fa\u5b9a\u8d44\u4ea7\u6298\u65e7\uff0c\u4f1a\u5bf9\u4e09\u5f20\u8868\u6709\u4ec0\u4e48\u5f71\u54cd\uff1f<\/span><\/p>\n<p style=\"text-align: justify;\"><span>\uff08\u67d0FA\uff09\u4e3a\u4ec0\u4e48\u8ba1\u7b97 Enterprise Value \u7684\u65f6\u5019\u8981\u51cf\u53bb\u5408\u5e76\u62a5\u8868\u4e2d\u7684\u5c11\u6570\u80a1\u4e1c\u6743\u76ca\uff1f<\/span><\/p>\n<p style=\"text-align: justify;\"><span>\uff08\u67d0PE\uff09EV\/EBITDA \u4e0e EV\/EBIT\uff0c\u5206\u522b\u9002\u7528\u4e8e\u7ed9\u4ec0\u4e48\u6837\u7684\u884c\u4e1a\u4f30\u503c\uff1f\u4e3a\u4ec0\u4e48\uff1f<\/span><\/p>\n<p style=\"text-align: justify;\"><span>\uff08\u67d0\u5916\u8d44\u6295\u884c\uff09\u62ff\u4e00\u5bb6\u516c\u53f8\uff0c\u7ed9\u4e00\u4e9b\u6570\u636e\uff0c\u8981\u6c42\u505a\u8d22\u52a1\u62a5\u8868\u9884\u6d4b&#8230;<\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u4e00\u4f4d\u5728\u9999\u6e2f\u505a\u6295\u884c\u7684\u670b\u53cb\u8bf4\uff1a\u5f53\u5e74\u9ad8\u76db\u7b14\u8bd5\uff0c\u6709\u9053\u9898\u4f30\u503c\u5efa\u6a21\u6ca1\u5efa\u597d\uff0c\u56de\u60f3\u8d77\u6765\uff0c\u90a3\u65f6\u5019\u5c31\u8003\u4e86\u4e24\u56de\u4e8b\uff1a<\/span><strong><span style=\"font-size: 16px;\">\u770b\u61c2\u4e00\u4e2a\u884c\u4e1a\uff0c\u770b\u61c2\u4e00\u5bb6\u516c\u53f8\u3002<\/span><\/strong><\/p>\n<p><span style=\"font-size: 16px;\">\u786e\u5b9e\u662f\u8fd9\u6837\u7684\uff0c\u91d1\u878d\u62db\u8058\u770b\u8d77\u6765\u6ca1\u6709\u90a3\u4e48\u201c\u6807\u51c6\u5316\u201d\uff0c\u6709\u4e9b\u9762\u8bd5\u5b98\u662f\u9488\u5bf9\u8fc7\u5f80\u7684\u5b9e\u4e60\u7ecf\u5386\u95ee\u884c\u4e1a\uff0c\u6709\u7684\u9762\u8bd5\u5b98\u662f\u7ed9\u51fa\u4e00\u5b9a\u7684\u8d44\u6599\u95ee\u516c\u53f8\u3002<\/span><\/p>\n<blockquote>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\">\u4e00\u4f4d\u6765\u81ea\u9876\u5c16985\u9ad8\u6821\u7684\u540c\u5b66\u8bf4\uff1a\u5b9e\u4e60\u9762\u8bd5\u4e86\u51e0\u5bb6\u516c\u53f8\u624d\u77e5\u9053\uff0cDCF Model \u642d\u5efa\u3001\u5e38\u89c1\u4f30\u503c Multiples \u516c\u5f0f\u8fd9\u79cd\u5fc5\u8003\u7684\u95ee\u9898\uff0c\u5b66\u6821\u5374\u4e0d\u6559\u3002<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-size: 16px;\">\u66f4\u91cd\u8981\u7684\u662f\uff0c\u6ca1\u6709\u4eba\u80fd\u591f\u771f\u6b63\u603b\u7ed3\u51fa\u6210\u4e3a<\/span><strong><span style=\"font-size: 16px;\">\u4e00\u540d\u6295\u884c\/ PE \/ VC \u4f18\u79c0\u5206\u6790\u5e08\u7684\u6807\u51c6<\/span><\/strong><span style=\"font-size: 16px;\">\u3002\u5927\u90e8\u5206\u4ece\u4e1a\u8005\u53ea\u6709\u4e00\u4e9b\u96f6\u6563\u7684\u611f\u77e5\uff0c\u5374\u6ca1\u6709\u4e00\u4e2a\u5b8c\u6574\u7684\u4f53\u7cfb\u3002<\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u8bb8\u591a\u540c\u5b66\u4e0d\u53ef\u8c13\u4e0d\u52aa\u529b\uff0c\u5c06\u300a\u6295\u884c400\u95ee\u300b\u5237\u4e86\u597d\u51e0\u904d\uff0c\u9762\u8bd5\u7684\u65f6\u5019\u770b\u8d77\u6765\u4e5f\u80fd\u4e00\u95ee\u4e00\u7b54\u3002\u4f46\u5b9e\u9645\u4e0a\u6709\u6ca1\u6709\u771f\u7684\u505a\u8fc7\u4e1a\u52a1\uff0c\u9762\u8bd5\u5b98\u4e00\u773c\u5c31\u77e5\u9053\u4e86\u3002<\/span><\/p>\n<p><strong><span>\u9876\u5c16\u91d1\u878d\u673a\u6784\u62db\u52df\u7684\uff0c\u4e00\u5b9a\u662f\u521b\u9020\u4ef7\u503c\u7684\u4eba<\/span><\/strong><\/p>\n<p><strong><span>\u65e2\u4e0d\u662f\u5c0f\u767d\uff0c\u4e5f\u4e0d\u662f\u53ea\u6709\u7406\u8bba\u57fa\u7840\u7684\u5b66\u7a76<\/span><\/strong><\/p>\n<p><span style=\"font-size: 16px;\">&#8211; \u600e\u6837\u7ed9\u4e00\u5bb6 TMT \u516c\u53f8\u505a\u6536\u5165\u4e0e\u6210\u672c\u7684\u9884\u6d4b\uff1f<\/span><\/p>\n<p><span style=\"font-size: 16px;\">&#8211; \u600e\u6837\u5728\u5c3d\u804c\u8c03\u67e5\u4e2d\u53d1\u73b0\u6536\u5165\u865a\u589e\u3001\u6210\u672c\u5c11\u8bb0\u7b49\u95ee\u9898\uff1f<\/span><\/p>\n<p><span style=\"font-size: 16px;\">&#8211; \u6d77\u822a\u6536\u8d2d\u5e0c\u5c14\u987f\u9152\u5e97\uff0c\u80cc\u540e\u7684\u903b\u8f91\u662f\u4ec0\u4e48\uff1f<\/span><\/p>\n<p><span style=\"font-size: 16px;\">&#8211; DCF Model \u600e\u4e48\u642d\uff1f\u53ef\u6bd4\u4f30\u503c\u6cd5\u5982\u4f55\u8fd0\u7528\uff1f<\/span><\/p>\n<p><span style=\"font-size: 16px;\">&#8211; \u4e09\u5f20\u8868\u7684\u95e8\u9053\u6709\u591a\u6df1\uff1f\u5982\u4f55\u4ece\u7a7a\u767d\u5f00\u59cb\u642d\u5efa\u4e09\u5f20\u8868<\/span><\/p>\n<p><span style=\"font-size: 16px;\">&#8211; \u6ca1\u6709\u8fc7\u91d1\u878d\u5b9e\u4e60\u7684\u7ecf\u9a8c\uff0c\u5982\u4f55\u5728\u9762\u8bd5\u5b98\u9762\u524d\u8bc1\u660e\u81ea\u5df1\u7684\u4e1a\u52a1\u80fd\u529b\uff1f<\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u4e3a\u4e86\u5e2e\u52a9\u540c\u5b66\u4eec\u89e3\u7b54\u8fd9\u4e9b\u95ee\u9898\uff0c\u6211\u4eec\u9080\u8bf7\u62e5\u6709<\/span><strong><span style=\"font-size: 16px;\">\u9ad8\u76db\u3001UBS\u3001\u5fb7\u94f6\u3001JP Morgan\u3001\u4e2d\u91d1\u3001\u7533\u4e07\u5b8f\u6e90\u3001\u534e\u5174\u8d44\u672c\u3001\u8054\u60f3\u63a7\u80a1<\/span><\/strong><span style=\"font-size: 16px;\">\u7b49\u9876\u7ea7\u91d1\u878d\u673a\u6784\u804c\u4e1a\u7ecf\u5386\u7684\u5bfc\u5e08\u4e00\u8d77\uff0c\u7814\u53d1\u51fa\u201c\u4f18\u79c0\u91d1\u878d\u5206\u6790\u5e08\u6280\u80fd\u6846\u67b6\u201d\uff0c\u4e3a\u60f3\u8981\u8fdb\u5165\u9876\u7ea7\u6295\u884c\/PE\/VC\u7684\u6bd5\u4e1a\u751f\u548c\u91d1\u878d\u9886\u57df\u7684\u5e74\u8f7b\u804c\u4e1a\u4eba\u642d\u5efa\u5b8c\u6574\u7684\u5b9e\u52a1\u6280\u80fd\u4f53\u7cfb\u3002<\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u5728\u6b64\u57fa\u7840\u4e0a\uff0c\u8fd9\u6b3e<\/span><strong><span>\u6295\u884cPEVC\u6280\u80fd\u7cbe\u54c1\u8bfe\u7a0b<\/span><\/strong><span style=\"font-size: 16px;\">\u5e94\u8fd0\u800c\u751f\u3002<\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u8bfe\u7a0b\u5185\u5bb9\u6db5\u76d6\u8d22\u52a1\u62a5\u8868\u5206\u6790\u8fdb\u9636\u5b66\u4e60\u3001\u8d22\u52a1\u4f30\u503c\u5efa\u6a21\u5b9e\u6218\u3001<\/span><span style=\"font-size: 16px;\">\u884c\u4e1a\u7814\u7a76\u4e0e\u6295\u8d44\u5206\u6790\u5b9e\u6218\u4e09\u5927\u6a21\u5757\uff0c\u517111\u8282\u8bfe\u3002\u901a\u8fc7\u89c6\u9891\u76f4\u64ad\u76f4\u64ad\u3001\u7ebf\u4e0a\u7b54\u7591\u4ee5\u53ca\u5b9e\u6218\u6848\u4f8b\u4f5c\u4e1a\u7684\u5f62\u5f0f\uff0c\u786e\u4fdd\u5b66\u5458\u80fd\u591f\u5728<\/span><strong><span style=\"font-size: 16px;\">\u6295\u884c\/PE\/VC\u7b14\u9762\u8bd5\u548c\u5b9e\u9645\u5de5\u4f5c\u573a\u666f<\/span><\/strong><span style=\"font-size: 16px;\">\u4e2d\u719f\u7ec3\u5e94\u7528\u3002<\/span><\/p>\n<p><span><strong><span>\u6bcf\u8282\u8bfe\u7684\u5bfc\u5e08<\/span><\/strong><\/span><\/p>\n<p><span><strong><span>\u62e5\u6709\u6700\u9876\u7ea7\u7684\u91d1\u878d\u673a\u6784\u4ece\u4e1a\u7ecf\u5386<\/span><\/strong><\/span><\/p>\n<p><span style=\"font-size: 16px;\">&#8211; \u8bb2\u8d22\u52a1\u62a5\u8868\u5206\u6790\u7684\u5bfc\u5e08\u66fe\u662f\u4e2d\u56fd\u9876\u7ea7\u6295\u8d44\u94f6\u884c\u4e2d\u91d1\u516c\u53f8\u7684\u5206\u6790\u5e08\uff1b<\/span><\/p>\n<p><span style=\"font-size: 16px;\">&#8211; \u8bb2\u8d22\u52a1\u62a5\u8868\u9884\u6d4b\u3001\u53ef\u6bd4\u4f30\u503c&amp; DCF Model \u642d\u5efa\u5b9e\u6218\u7684\u5bfc\u5e08\uff0c\u6765\u81ea\u5168\u7403\u6700\u597d\u7684\u534e\u5c14\u8857\u6295\u8d44\u94f6\u884c\u53cc\u5b50\u661f\u9ad8\u76db\u548c\u6469\u6839\u58eb\u4e39\u5229\uff1b<\/span><\/p>\n<p><span style=\"font-size: 16px;\">&#8211; \u8bb2\u6760\u6746\u6536\u8d2d LBO Model \u642d\u5efa\u5b9e\u6218\uff0c\u6211\u4eec\u9080\u8bf7\u7684\u5bfc\u5e08\u4eb2\u8eab\u53c2\u4e0e\u4ea4\u6613\u989d\u8d85\u8fc7150\u4ebf\u7f8e\u5143\u7684\u5927\u578b\u5e76\u8d2d\u3002<\/span><\/p>\n<p><strong><span>\u4e0d\u4ec5\u6709\u91d1\u878d\u884c\u4e1a\u5b9e\u4e60\u751f\u548c\u521d\u7ea7\u5458\u5de5\u5fc5\u5907\u5de5\u4f5c\u6280\u80fd<\/span><\/strong><\/p>\n<p><strong><span>\u8fd8\u6709\u591a\u4e2a\u5b9e\u6218\u6a21\u578b\u6295\u8d44\u4e0e\u4f30\u503c\u6a21\u578b\u6848\u4f8b\u4e0e\u7ec3\u4e60<\/span><\/strong><\/p>\n<p><span style=\"font-size: 16px;\">&#8211; \u6848\u4f8b\u6d89\u53ca\u97e9\u90fd\u8863\u820d\u3001\u638c\u8da3\u79d1\u6280\u3001\u8305\u53f0\u3001Atlassian\u3001\u4e03\u5929\u9152\u5e97LBO\u79c1\u6709\u5316\u3001\u6d77\u822a\u6536\u8d2d\u5e0c\u5c14\u987f\u9152\u5e97\u3001\u4f0a\u5229\uff0c\u5305\u62ec\u6d88\u8d39\u54c1\u3001TMT\u7b49\u70ed\u95e8\u884c\u4e1a\uff0c\u6d89\u53ca\u56fd\u5185\u4e0a\u5e02\u516c\u53f8\u3001\u4e2d\u6982\u80a1\u3001\u7f8e\u80a1\u4e0a\u5e02\u516c\u53f8<\/span><\/p>\n<p><span style=\"font-size: 16px;\">&#8211; \u8bfe\u7a0b\u6a21\u5757\u6db5\u76d6\u6210\u4e3a\u91d1\u878d\u884c\u4e1a\uff08\u6295\u884c\u5238\u5546\u3001PE\u3001VC\u3001FA\uff09\u5b9e\u4e60\u751f\u548c\u521d\u7ea7\u5458\u5de5\u6240\u9700\u8981\u7684\u5c3d\u804c\u8c03\u67e5\u3001\u8d22\u52a1\u4f30\u503c\u5efa\u6a21\u3001\u6295\u8d44\u5206\u6790\u548c\u5b9e\u52a1\u64cd\u4f5c\u80fd\u529b<\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u9664\u6b64\u4e4b\u5916\uff0c\u5b66\u5458\u8fd8\u5c06\u83b7\u5f97\u4e13\u4eab\u793c\u5305\uff0c\u5185\u542b\u6295\u884c\u5de5\u5177\u6a21\u677f\u3001\u6295\u8d44\u673a\u6784\u8d22\u52a1\u5206\u6790\u6846\u67b6\uff0c\u91d1\u878d\u673a\u6784\u5185\u90e8\u6a21\u578b\u52a9\u4f60\u89e3\u51b3\u5b9e\u64cd\u96be\u9898\u3002<\/span><\/p>\n<p><span><strong>\/\/ \u8bfe\u4ef6\u793a\u4f8b \/\/<\/strong><\/span><span style=\"font-size: 16px;\"><span><strong><span><\/span><\/strong><\/span><strong><\/strong><\/span><\/p>\n<p><span><strong>\/\/ \u5f80\u671f\u8bfe\u7a0b\u597d\u8bc4 \/\/<\/strong><strong><\/strong><strong><\/strong><\/span><\/p>\n<p><strong><span>\/\/ \u8fd9\u95e8\u8bfe\u7a0b\u9002\u5408\u6211\u5417\uff1f\/\/<\/span><\/strong><\/p>\n<blockquote>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\"><strong><span>\u6211\u662f\u91d1\u878d\u4e13\u4e1a\u7684\u5b66\u751f\uff0c\u662f\u4e0d\u662f\u5c31\u4e0d\u9700\u8981\u5b66\u4e60\u4e86\uff1f<\/span><\/strong><\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-size: 16px;\">\u91d1\u878d\u884c\u4e1a\u5168\u804c\u6c42\u804c\uff0c\u975e\u5e38\u5f3a\u8c03\u5b9e\u64cd\u80fd\u529b\uff0c\u4e00\u822c\u90fd\u662f\u5728\u4e4b\u524d\u9700\u8981\u67092-3\u4efd\u76f8\u5173\u7684\u5b9e\u4e60\u7ecf\u9a8c\uff0c\u5149\u4f9d\u9760\u597d\u5b66\u5386\u5c31\u8fdb\u5165\u6838\u5fc3\u90e8\u95e8\u7684\u53ef\u80fd\u6027\u8f83\u4f4e\u3002\u56e0\u6b64\u5927\u90e8\u5206\u60f3\u8981\u8fdb\u5165\u91d1\u878d\u884c\u4e1a\u7684\u540c\u5b66\uff0c\u4ece\u5927\u4e8c\u5c31\u8981\u51c6\u5907\u76f8\u5173\u5b9e\u4e60\u3002\u5b9e\u9645\u9762\u8bd5\u4e2d\uff0c\u4e00\u822c\u7b14\u9762\u8bd5\u90fd\u662f\u76f4\u63a5\u8003\u5bdf\u5de5\u4f5c\u4e2d\u6240\u9700\u8981\u7684\u5b9e\u64cd\u6280\u80fd\uff0c\u6bd4\u5982\u8d22\u52a1\u5206\u6790\u3001\u6570\u636e\u641c\u96c6\u5206\u6790\u3001\u5bf9\u516c\u53f8\u7684\u5206\u6790\u3001\u8d22\u52a1\u4f30\u503c\u5efa\u6a21\u7b49\uff0c\u8fd9\u4e9b\u770b\u91cd\u7684\u90fd\u662f\u5b9e\u52a1\uff0c\u800c\u975e\u77e5\u8bc6\u3002\u800c\u4e14\u5f88\u591a\u7b14\u9762\u8bd5\u7684\u5185\u5bb9\u5b66\u6821\u5e76\u4e0d\u4f1a\u6559\u3002<\/span><\/p>\n<blockquote>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\"><strong><span>\u6211\u662f\u975e\u91d1\u878d\u4e13\u4e1a\u7684\u5b66\u751f\uff0c\u662f\u4e0d\u662f\u542c\u4e0d\u61c2\uff1f<\/span><\/strong><\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-size: 16px;\">\u4e0a\u9762\u7684\u7b14\u9762\u8bd5\u95ee\u9898\uff0c\u5bf9\u4e8e\u975e\u91d1\u878d\u884c\u4e1a\u7684\u540c\u5b66\uff0c\u5b8c\u5168\u6ca1\u6709\u76f8\u5173\u7684\u8bfe\u7a0b\u548c\u9879\u76ee\u7ecf\u9a8c\uff0c\u5728\u9762\u8bd5\u4e2d\u9762\u5bf9\u8fd9\u4e9b\u95ee\u9898\uff0c\u5f88\u96be\u56de\u7b54\u3002\u5bf9\u4e8e\u975e\u91d1\u878d\u4e13\u4e1a\u7684\u5b66\u751f\u6765\u8bf4\uff0c\u8fd9\u6b21\u8bfe\u7a0b\u662f\u4e00\u6b21\u96be\u5f97\u7684\u673a\u4f1a\uff0c\u7cfb\u7edf\u5730\u5b66\u4e60\u91d1\u878d\u884c\u4e1a\u77e5\u8bc6\uff0c\u4e86\u89e3\u91d1\u878d\u884c\u4e1a\u5b9e\u52a1\u3002<\/span><\/p>\n<blockquote>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\"><strong><span>\u6211\u6ca1\u6709\u8fc7\u91d1\u878d\u5b9e\u4e60\u7ecf\u5386\uff0c\u600e\u4e48\u529e\uff1f<\/span><\/strong><\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-size: 16px;\">\u91d1\u878d\u7b2c\u4e00\u4efd\u76f8\u5173\u5b9e\u4e60\uff0c\u4e00\u822c\u4e0d\u8981\u6c42\u4e4b\u524d\u6709\u592a\u591a\u5b9e\u4e60\u7ecf\u9a8c\uff0c\u4f46\u662f\u5f80\u5f80\u4f1a\u9700\u8981\u5e94\u8058\u8005\u5728\u8fc7\u5f80\u7ecf\u5386\u6709\u4e00\u4e9b\u7b80\u5355\u7684\u76f8\u5173\u7ecf\u9a8c\uff0c\u6bd4\u5982\u505a\u8fc7\u67d0\u4e2a\u516c\u53f8\u7684\u8d22\u52a1\u5206\u6790\u548c\u4f30\u503c\uff0c\u6216\u8005\u67d0\u4e2a\u884c\u4e1a\u7684\u884c\u4e1a\u7814\u7a76\uff0c\u5bf9\u91d1\u878d\u6709\u4e00\u5b9a\u4e86\u89e3\u3002\u672c\u6b21\u8bfe\u7a0b\u80fd\u591f\u544a\u8bc9\u4f60\u7406\u8bba\u65b9\u6cd5\uff0c\u4e5f\u4f1a\u5e26\u4f60\u8fdb\u884c\u6848\u4f8b\u5b9e\u64cd\uff0c\u8ba9\u4f60\u5728\u9762\u8bd5\u4e2d\u6709\u8bdd\u53ef\u8bf4\u3002<\/span><\/p>\n<blockquote>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\"><strong><span>\u6211\u5df2\u7ecf\u5728\u5de5\u4f5c\uff0c\u60f3\u8981\u8f6c\u884c\u8fdb\u5165\u91d1\u878d\u884c\u4e1a\uff0c\u53ef\u4ee5\u5417\uff1f<\/span><\/strong><\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-size: 16px;\">\u5bf9\u4e8e\u5728\u804c\u4eba\u58eb\u800c\u8a00\uff0c\u884c\u4e1a\u8ba4\u77e5\u6216\u8005\u4e13\u4e1a\u80cc\u666f\u5927\u591a\u4e0d\u662f\u95ee\u9898\u3002\u4f46\u662f\u4e0d\u4e86\u89e3\u91d1\u878d\u884c\u4e1a\u7684\u57fa\u7840\u6280\u80fd\uff0c\u6bd4\u5982\u4f30\u503c\u5efa\u6a21\u3001\u6295\u8d44\u5206\u6790\u3001\u8d22\u52a1\u5c3d\u8c03\u7b49\u3002\u5f88\u591a\u4eba\u4f1a\u9009\u62e9\u8003 CPA\u3001CFA \uff0c\u4f46\u662f\u5b9e\u9645\u6848\u4f8b\u5e94\u7528\u8f83\u5c11\uff0c\u4e0e\u5b9e\u9645\u5de5\u4f5c\u6709\u6781\u5927\u7684\u8131\u8282\uff1b\u6709\u4e9b\u4eba\u5df2\u7ecf\u5728\u5c0f\u7684\u673a\u6784\u5de5\u4f5c\uff0c\u4f46\u7f3a\u5c11\u7cfb\u7edf\u6027\u57f9\u8bad\uff0c\u8fd9\u6b21\u8bfe\u7a0b\u4f1a\u5e2e\u52a9\u4f60\u77e5\u9053\u6700\u9876\u5c16\u673a\u6784\u7684\u4f30\u503c\u5efa\u6a21\u548c\u5206\u6790\u6846\u67b6\u662f\u600e\u6837\u505a\u7684\u3002<\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u672c\u6b21\u8bfe\u7a0b\u4e0d\u9002\u5408\u5728\u9876\u7ea7\u91d1\u878d\u673a\u6784\uff08\u5238\u5546\u6295\u884c\u3001\u79c1\u52df\u57fa\u91d1\u3001\u516c\u52df\u57fa\u91d1\uff09\uff0c\u4ece\u4e8b\u524d\u53f0\u6838\u5fc3\u90e8\u95e8\uff08\u6295\u884c\u90e8\u3001\u56fa\u5b9a\u6536\u76ca\u3001\u884c\u4e1a\u7814\u7a76\u3001\u6295\u8d44\u7b49\uff091\u5e74\u4ee5\u4e0a\u7684\u4e13\u4e1a\u4eba\u58eb\u3002<\/span><\/p>\n<blockquote>\n<p style=\"text-align: justify;\"><strong><span>\u5982\u679c\u4f60\u662f\u804c\u95ee\u8001\u5b66\u5458<\/span><\/strong><span style=\"font-size: 16px;\"><\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-size: 16px;\">\u5b66\u4e60\u8fc7<\/span><strong><span style=\"font-size: 16px;\">\u5546\u79d1\u6280\u80fd\u8bfe\/\u9876\u5c16\u54a8\u8be2\u5fc5\u5907\u6280\u80fd\u8bfe<\/span><\/strong><span style=\"font-size: 16px;\">\u7684\u540c\u5b66\uff1a<\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u5bf9\u4e8e\u5f88\u591a\u5728\u54a8\u8be2\u3001\u56db\u5927\u5b9e\u4e60\u6216\u8005\u6b63\u5f0f\u5de5\u4f5c\u7684\u540c\u5b66\uff0c\u6295\u884c\u3001PE\u3001VC\u7b49\u91d1\u878d\u673a\u6784\u56e0\u4e3a\u66f4\u53ef\u89c2\u7684\u85aa\u916c\u56de\u62a5\uff0c\u4e00\u76f4\u6709\u7740\u5f88\u5927\u7684\u5438\u5f15\u529b\u3002 \u4f46\u662f\u8fd9\u4e9b\u9876\u5c16\u91d1\u878d\u673a\u6784\u5728\u7b14\u9762\u8bd5\u548c\u5b9e\u9645\u5de5\u4f5c\u4e2d\uff0c\u6240\u4ee5\u8981\u6c42\u7684\u5c3d\u804c\u8c03\u67e5\u3001\u4f30\u503c\u5efa\u6a21\u3001Teaser\u5199\u4f5c\u7b49\u80fd\u529b\uff0c\u662f\u54a8\u8be2\u884c\u4e1a\u80cc\u666f\u7684\u7ecf\u5386\u65e0\u6cd5\u63d0\u4f9b\u7684\u3002 <\/span><\/p>\n<p><span style=\"font-size: 16px;\">\u804c\u95ee\u9080\u8bf7\u4e86\u5168\u660e\u661f\u91d1\u878d\u5bfc\u5e08\u9635\u5bb9\uff0c\u5bfc\u5e08\u5168\u804c\u7ecf\u5386\u8986\u76d6\u9ad8\u76db\u3001\u6469\u6839\u53f2\u4e39\u5229\u3001UBS\u3001\u5fb7\u610f\u5fd7\u94f6\u884c\u3001\u8054\u60f3\u63a7\u80a1\u3001\u4e2d\u91d1\u3001\u534e\u5174\u8d44\u672c\uff0c\u8bfe\u7a0b\u5185\u5bb9\u8986\u76d6\u6295\u884c\u3001PE\u3001VC\u5b9e\u9645\u5de5\u4f5c\u6240\u5fc5\u987b\u7684\u4f30\u503c\u5efa\u6a21\u3001\u8d22\u52a1\u5c3d\u8c03\u3001\u6295\u8d44\u5206\u6790\u7b49\u6280\u80fd\uff0c\u591a\u4e2a\u771f\u5b9e\u4f30\u503c\u6848\u4f8b\u4ece\u6d77\u822a\u5e76\u8d2d\u5e0c\u5c14\u987f\u7684\u5206\u6790\u5230\u8305\u53f0\u4f30\u503c\u5efa\u6a21\uff0c\u5e2e\u52a9\u5927\u5bb6\u66f4\u597d\u5730\u5e94\u5bf9\u91d1\u878d\u673a\u6784\u7684\u7b14\u9762\u8bd5\u548c\u5b9e\u9645\u5de5\u4f5c\u3002<\/span><\/p>\n<p><strong><span>\/\/ \u5173\u4e8e\u8fd9\u95e8\u8bfe\u7a0b \/\/<\/span><\/strong><\/p>\n<blockquote>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\"><span>1. \u4e0a\u8bfe\u901a\u77e5\uff1a<\/span><span>\u5b66\u5458\u901a\u8fc7\u4e8c\u7ef4\u7801\u8fdb\u884c\u8bfe\u7a0b\u8d2d\u4e70\uff0c\u5e76\u9700\u8981\u586b\u5199\u201c\u90ae\u7bb1\u201d\u3001\u201c\u7535\u8bdd\u201d\u7b49\u8054\u7cfb\u65b9\u5f0f\u3002\u8bfe\u7a0b\u7fa4\u4f1a\u6709\u73ed\u4e3b\u4efb\u63d0\u524d\u901a\u77e5\u5927\u5bb6\u4e0a\u8bfe\u65b9\u5f0f<\/span><\/span><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\"><span>2. \u8bfe\u7a0b\u6750\u6599\uff1a<\/span><span>\u5bfc\u5e08\u63d0\u53ca\u7684\u53c2\u8003\u8d44\u6599\u3001\u4e66\u76ee\u7b49\uff0c\u804c\u95ee\u56e2\u961f\u4f1a\u7edf\u4e00\u4e0a\u4f20\u5230\u7f51\u76d8\uff0c\u5728\u8d2d\u4e70\u540e\uff0c\u5b66\u5458\u53ef\u4ee5\u5728\u8bfe\u7a0b\u8bf4\u660e\u4e2d\u770b\u5230\u7f51\u76d8\u94fe\u63a5<\/span><\/span><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\"><span>3. \u8bfe\u7a0b\u53cd\u9988\uff1a<\/span><span>\u5173\u4e8e\u8bfe\u7a0b\u3001\u4f5c\u4e1a\u7b49\u5185\u5bb9\u4e0a\u7684\u7591\u95ee\u53ef\u4ee5\u901a\u8fc7\u5728\u76f4\u64ad\u8bfe\u4e0a\u7684\u7b54\u7591\u76f4\u63a5\u4e0e\u5bfc\u5e08\u4e92\u52a8\u4ea4\u6d41<\/span><\/span><\/p>\n<\/blockquote>\n<p style=\"text-align: center;\"><span style=\"font-size: 16px;\"><strong><span>\/\/ \u8bfe\u7a0b\u8be6\u60c5 \/\/<\/span><\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\"><span><strong>\u8bfe\u7a0b\u65f6\u95f4\uff1a<\/strong><\/span><span>2018\u5e745\u6708\u4e2d\u4e0b\u65ec\u5f00\u59cb\uff08\u5177\u4f53\u65f6\u95f4\u4f1a\u5728\u8d2d\u4e70\u8bfe\u7a0b\u540e\u901a\u8fc7\u5fae\u4fe1\u7fa4\u7ec4\u548c\u670d\u52a1\u53f7\u8fdb\u884c\u901a\u77e5\uff09<\/span><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\"><strong><span>\u8bfe\u7a0b\u5bb9\u91cf\uff1a<\/span><\/strong><span>\u5171\u8ba13\u5927\u6a21\u5757\uff0c11\u8282\u76f4\u64ad+\u5f55\u64ad\u8bfe\u7a0b\uff0c\u76f4\u64ad\u7ed3\u675f\u540e\u53ef\u89c2\u770b\u5f55\u64ad<\/span><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\"><strong>\u5b66\u4e60\u5f62\u5f0f\uff1a<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\">\u5f55\u64ad\uff1a\u901a\u8fc7\u5fae\u4fe1\u670d\u52a1\u53f7\uff08\u804c\u95ee\u5206\u9662\u5e3d\uff09\u6536\u542c<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\">\u76f4\u64ad\uff1a\u8bed\u97f3\uff0bPPT\uff0b\u5bfc\u5e08\u4e92\u52a8\u7b54\u7591<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\">\u4f5c\u4e1a\uff1a\u6bcf\u6b21\u8bfe\u7a0b\u66f4\u65b0\u540e\uff0c\u5c06\u901a\u8fc7\u670d\u52a1\u53f7\u53d1\u5e03\u5b9e\u6218\u4f5c\u4e1a<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\">\u542c\u8bfe\u5f62\u5f0f\uff1a\u624b\u673a\u3001\u7535\u8111\u5747\u53ef\u76f4\u63a5\u767b\u5f55\u542c\u8bfe<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\"><strong>\u8d2d\u4e70\u65b9\u5f0f\uff1a<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\">\u957f\u6309\u6587\u7ae0\u5e95\u90e8\u4e8c\u7ef4\u7801\u652f\u4ed8\u62a5\u540d\u5373\u53ef\uff0c\u4ed8\u6b3e\u65f6\u9700\u8981\u540c\u5b66\u4eec\u586b\u5199\u201c\u59d3\u540d\u201d\u3001\u201c\u5fae\u4fe1\u53f7\u201d\u3001\u201c\u90ae\u7bb1\u201d\u3001\u201c\u7535\u8bdd\u201d\u7b49\u4fe1\u606f\u3002\u6ce8\u610f\uff1a\u4ee5\u4e0a\u4e2a\u4eba\u4fe1\u606f\uff0c\u804c\u95ee\u4ec5\u4f5c\u4e3a\u7528\u6237\u8054\u7edc\u4f7f\u7528\u3002<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\"><span>\u62a5\u540d\u540e\u53ef\u5728<strong><span>\u201c\u804c\u95ee\u5206\u9662\u5e3d\u201d-\u201c\u8ba2\u9605\u9891\u9053\u201d-\u201c\u9891\u9053\u9996\u9875\u201d-\u201c\u6295\u884cPEVC\u8bfe\u7a0b\u201d<\/span><\/strong>\u3002\u8bfe\u7a0b\u4e13\u680f\u4e2d\u7684<strong><span>\u201c*<\/span><\/strong><\/span><strong><span>\u5fc5\u8bfb-\u8d2d\u4e70\u540e\u7eed\u64cd\u4f5c\u6307\u5357<\/span><\/strong><strong><span>\u201d<\/span><\/strong><span>\u4f1a\u6307\u793a\u64cd\u4f5c\u8fdb\u884c\u626b\u7801\u9a8c\u8bc1\u5165\u7fa4\uff0c\u52a0\u5165\u73ed\u7ea7\u7fa4\u540e\u6309\u7167\u73ed\u4e3b\u4efb\u63d0\u793a\u7b49\u5f85\u6b63\u5f0f\u5f00\u8bfe\u5373\u53ef\u3002<\/span><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 16px;\">\u8bfe\u7a0b\u4ef7\u683c<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 16px;\">\u539f\u4ef71099\u5143 \/\u4eba <\/span><\/p>\n<p style=\"text-align: center;\"><span><strong>\u5f53\u524d\u7279\u60e0\u4ef7779\u5143<\/strong><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 16px;\">5\u670820\u65e523:59\u4e4b\u524d\u6709\u6548<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\">\u4f18\u60e0\u4e00\uff1a\u6269\u6563\u8fd4\u73b0\uff0c\u5982\u679c\u4f60\u79ef\u6781\u53c2\u4e0e\u5ba3\u4f20\u672c\u6b21\u6d3b\u52a8\uff0c\u5c06\u83b7\u5f97<\/span><span><strong><span>30\u5143<\/span><\/strong><\/span><span style=\"font-size: 16px;\">\u8fd4\u73b0\u5177\u4f53\u64cd\u4f5c\u6b65\u9aa4\u8bf7\u770b\u7fa4\u516c\u544a<\/span><span style=\"font-size: 16px;\"><\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"font-size: 16px;\">\u516d\u4eba\u6210\u56e2\u4f18\u60e050\u5143\uff01<\/span><\/strong><span style=\"font-size: 16px;\">\uff08\u5982\u679c\u4f60\u5df2\u7ecf\u627e\u5230\u4e866\u4e2a\u5c0f\u4f19\u4f34\u4e00\u8d77\u62a5\u540d\uff0c\u9700\u8981\u63d0\u524d\u6dfb\u52a0\u804c\u95ee\u5de5\u4f5c\u53f7\uff1azhiwencat\uff0c\u786e\u8ba4\u56e2\u8d2d\u6210\u529f\uff09<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\">\u4f18\u60e0\u4e09\uff1a\u8001\u5b66\u5458\u4f18\u60e050\u5143\uff0c\u51e1\u8d2d\u4e70\u8fc7\u804c\u95ee\u5fae\u8bfe\u7684\u8001\u5b66\u5458\u8d2d\u4e70\u540e\u8fdb\u5165\u4ed8\u8d39\u7fa4\u586b\u5199\u8fd4\u73b0\u8868\u5355\uff0c\u53ef\u83b750\u5143\u8fd4\u73b0\u4f18\u60e0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\">\u4f18\u60e0\u56db\uff1a\u9080\u8bf7\u8fd4\u73b0\uff0c\u8d2d\u4e70\u540e\u751f\u6210\u81ea\u5df1\u7684\u9080\u8bf7\u5361\u7247\uff0c\u9080\u8bf7\u597d\u53cb\u8d2d\u4e70<\/span><strong><span style=\"font-size: 16px;\">\u83b7\u5f97\u989d\u5916\u8fd4\u73b0<\/span><\/strong><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 16px;\"><\/span><span style=\"font-size: 16px;\">\u9080\u8bf7\u8fd4\u73b0\u754c\u9762\u5982\u56fe<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 16px;\"><strong><span>\/\/ Q&amp;A \/\/<\/span><\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"font-size: 16px;\">\u8fd9\u4e9b\u8bfe\u7a0b\u6211\u53ef\u4ee5\u91cd\u590d\u542c\u5417<\/span><\/strong><span style=\"font-size: 16px;\"><strong><span>\uff1f<\/span><\/strong><\/span><\/p>\n<blockquote>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\">\u4e00\u822c\u5b66\u5458\u6240\u6709\u8bfe\u7a0b\u7ed3\u675f\u540e6\u4e2a\u6708\u5185\u90fd\u53ef\u4ee5\u65e0\u9650\u6b21\u542c\u5f55\u64ad<\/span><\/p>\n<\/blockquote>\n<p style=\"text-align: justify;\"><strong><span style=\"font-size: 16px;\">\u8fd9\u4e9b\u8bfe\u7a0b\u6211\u53ef\u4ee5\u9000\u6b3e\u5417\uff1f<\/span><\/strong><\/p>\n<blockquote>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px;\">\u672c\u8bfe\u7a0b\u4e3a\u4e00\u6b21\u6027\u4ed8\u6b3e\uff0c\u65e0\u9700\u7f34\u7eb3\u5176\u5b83\u4efb\u4f55\u8d39\u7528\uff0c\u5728\u7b2c\u4e00\u8282\u8bfe\u66f4\u65b0\u540e48\u5c0f\u65f6\u5185\u53ef\u7533\u8bf7\u9000\u6b3e\uff0c48\u5c0f\u65f6\u540e\u4e0d\u4e88\u9000\u6b3e\uff0c\u62a5\u540d\u524d\u8bf7\u8c28\u614e\u8003\u8651\u3002<\/span><\/p>\n<\/blockquote>\n<p><strong><span style=\"font-size: 16px;\">\u3010\u8bfe\u524d\u54a8\u8be2\u3011<\/span><\/strong><span style=\"font-size: 16px;\">\u5982\u679c\u4f60\u6709\u5176\u4ed6\u76f8\u5173\u95ee\u9898\uff0c\u53ef\u4ee5\u52a0\u8bfe\u7a0b\u987e\u95ee\u5fae\u4fe1(zhiwencat)\u54a8\u8be2\u76f8\u5173\u4e8b\u5b9c\u3002<\/span><\/p>\n<p><span style=\"font-size: 16px;\"><strong><span style=\"font-size: 16px;\">\/\/ \u62a5\u540d\u4e8c\u7ef4\u7801 \/\/<\/span><\/strong><\/span><\/p>\n<p>\u53d1\u7a3f\u7f51\u8f6f\u6587\u4ee3\u5199\u3001\u5fae\u4fe1\u8425\u9500\u3001\u5fae\u535a\u8425\u9500\u3001\u62a5\u7eb8\u5e7f\u544a\u3001\u89c6\u9891\u7f6e\u9876\u3001\u767e\u5ea6\u95ee\u7b54\u7b49\u591a\u79cd\u4e92\u8054\u7f51\u5e7f\u544a\u884c\u4e1a\u3002\u53d1\u7a3f\u7f51\u5e73\u53f0\u6709\u4e0a\u5343\u5a92\u4ecb\u7f16\u8f91\u3001\u4e13\u4e1a\u5199\u624b\u3001\u6bb5\u5b50\u624b\u3001\u8425\u9500\u4e13\u5bb6\uff0c\u4e3a\u4f01\u4e1a\u3001\u516c\u5171\u673a\u6784\u548c\u4e2a\u4eba\u63d0\u4f9b\u5b9a\u5236\u5316\u7684\u89e3\u51b3\u65b9\u6848\uff0c\u5c06\u521b\u610f\u3001\u667a\u6167\u3001\u6280\u80fd\u8f6c\u5316\u4e3a\u5546\u4e1a\u4ef7\u503c\u548c\u793e\u4f1a\u4ef7\u503c\u3002\u53d1\u7a3f\u7f51\u5e73\u53f0\u51ed\u501f\u591a\u5e74\u7684\u7f51\u7edc\u8d44\u6e90\u548c\u5ba2\u6237\u8d44\u6e90\u79ef\u7d2f\uff0c\u53d1\u5c55\u9065\u9065\u9886\u5148\u540c\u884c\u4e1a\u5176\u4ed6\u8f6f\u6587\u5e73\u53f0\u3002<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6691\u671f\u5b9e\u4e60\u751f\u7684\u6708\u85aa\u5c45\u7136\u53ef\u4ee5\u8fbe\u52303.8\u4e07\uff01\u8fd9\u4e0d\u5355\u53d1\u751f\u5728\u81ea\u5a92\u4f53\u53f7\u4e2d\u7684\u8f6f\u6587\u4e2d\uff0c\u800c\u662f\u5207\u5b9e\u53d1\u751f\u5728\u6211\u4eec\u8eab\u8fb9\u3002\u636e\u77e5\u4e4e\u5927V\u7206\u51fa\u7684 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[148],"class_list":["post-53376","post","type-post","status-publish","format-standard","hentry","category-news","tag-148"],"_links":{"self":[{"href":"https:\/\/www.fagao.me\/p\/wp-json\/wp\/v2\/posts\/53376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fagao.me\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fagao.me\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fagao.me\/p\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fagao.me\/p\/wp-json\/wp\/v2\/comments?post=53376"}],"version-history":[{"count":0,"href":"https:\/\/www.fagao.me\/p\/wp-json\/wp\/v2\/posts\/53376\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.fagao.me\/p\/wp-json\/wp\/v2\/media?parent=53376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fagao.me\/p\/wp-json\/wp\/v2\/categories?post=53376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fagao.me\/p\/wp-json\/wp\/v2\/tags?post=53376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}