{"id":251384,"date":"2021-09-10T09:27:51","date_gmt":"2021-09-10T01:27:51","guid":{"rendered":"\/\/m.catawbaoil.com\/251384.html"},"modified":"2021-09-10T09:27:51","modified_gmt":"2021-09-10T01:27:51","slug":"%e5%b4%94%e5%8e%86%ef%bc%9a%e8%b5%84%e9%87%91%e5%a6%82%e4%bd%95%e6%94%af%e6%8c%81%e5%ae%9e%e4%bd%93%ef%bc%8c%e8%bf%99%e6%ac%a1%e6%98%af%e5%90%a6%e4%b8%8d%e5%90%8c%ef%bc%9f","status":"publish","type":"post","link":"\/\/m.catawbaoil.com\/251384.html","title":{"rendered":"\u5d14\u5386\uff1a\u8d44\u91d1\u5982\u4f55\u652f\u6301\u5b9e\u4f53\uff0c\u8fd9\u6b21\u662f\u5426\u4e0d\u540c\uff1f"},"content":{"rendered":"<div>\n<p><p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><strong>\u672c\u6587\u8981\u70b9\uff1a<\/strong><\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u25a0<\/span><span style=\"font-size:12.0pt;\"> <\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u91d1\u878d\u652f\u6301\u7ecf\u6d4e\u6709\u4e24\u4e2a\u5173\u952e\u95ee\u9898\uff1a<\/span><span style=\"font-size:12.0pt;\"> <\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u4e00\u662f\u6574\u4f53\u878d\u8d44\u6761\u4ef6\u662f\u5426\u5bf9\u7ecf\u6d4e\u548c\u884c\u4e1a\u53d1\u5c55\u6784\u6210\u5236\u7ea6\uff1b\u4e8c\u662f\u82e5\u6709\u6b64\u5236\u7ea6\uff0c\u6240\u9700\u662f\u80a1\u6743\u8fd8\u662f\u503a\u6743\u3002\u8de8\u884c\u4e1a\u6570\u636e\u663e\u793a\uff0c\u56fd\u5185\u5927\u591a\u6570\u4f20\u7edf\u5236\u9020\u4e1a\u884c\u4e1a\u5df2\u5165\u6210\u719f\u671f\uff0c\u5185\u90e8\u878d\u8d44\u6761\u4ef6\uff08\u73b0\u91d1\u6d41\uff09\u6bd4\u5916\u90e8\u878d\u8d44\u5bf9\u4f01\u4e1a\u6269\u5f20\u66f4\u4e3a\u91cd\u8981\u3002\u76c8\u5229\u548c\u73b0\u91d1\u6d41\u6539\u5584\uff0c\u624d\u6709\u6301\u7eed\u7684\u6295\u8d44\u548c\u878d\u8d44\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u25a0<\/span><span style=\"font-size:12.0pt;\"> <\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5c11\u6570\u65b0\u5174\u884c\u4e1a\uff0c\u5305\u62ec\u4fe1\u606f\u6280\u672f\u8f6f\u4ef6\u548c\u533b\u836f\u7b49\u6280\u672f\u5bc6\u96c6\u578b\u884c\u4e1a\u5bf9\u5916\u90e8\u878d\u8d44\u8981\u6c42\u9ad8\u3002\u4f46\u8fd9\u4e9b\u9ad8\u589e\u957f\u884c\u4e1a\u6760\u6746\u7387\u666e\u904d\u975e\u5e38\u4f4e\uff0c\u5927\u591a\u4fdd\u6301\u51c0\u73b0\u91d1\u3002\u884c\u4e1a\u7279\u70b9\uff08\u73b0\u91d1\u6d41\u4e0d\u7a33\u5b9a<\/span><span style=\"font-size:12.0pt;\">\/<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u53ef\u4f9b\u62b5\u62bc\u7684\u8d44\u4ea7\u5c11\u7b49\uff09\u662f\u4f4e\u8d1f\u503a\u7684\u4e3b\u8981\u539f\u56e0\u3002\u6d77\u5185\u5916\u7ecf\u9a8c\u8868\u660e\u8fd9\u4e9b\u884c\u4e1a\u7684\u672a\u6765\u6269\u5f20\u66f4\u591a\u53d6\u51b3\u4e8e\u9884\u671f\u56de\u62a5\uff08<\/span><span style=\"font-size:12.0pt;\">hurdle rate<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\uff09\uff0c\u7efc\u5408\u6295\u8d44\u6210\u672c\uff0c\u4ee5\u53ca\u80a1\u6743\u6295\u8d44\u7684\u96be\u6613\uff0c\u800c\u975e\u66f4\u591a\u503a\u52a1\u6216\u66f4\u4f4e\u7684\u5229\u7387\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u25a0<\/span><span style=\"font-size:12.0pt;\"> <\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u8fc7\u5f80\u51e0\u5e74\u5236\u9020\u4e1a\u5728\u4fe1\u7528\u6536\u7d27\u7684\u73af\u5883\u4e0b\u5f97\u4ee5\u6269\u5927\u6295\u8d44\uff0c\u4e0e\u4e0a\u8ff0\u6295\u8d44\u5bf9\u4fe1\u8d37\u7684\u4f4e\u654f\u611f\u6027\u4e00\u81f4\u3002\u800c\u4fe1\u8d37\u4e0a\u884c\u4e2d\u7531\u4e8e\u589e\u91cf\u8d44\u91d1\u591a\u8fdb\u5165\u623f\u5730\u4ea7\u548c\u57fa\u5efa\uff0c\u5bf9\u5236\u9020\u4e1a\u6295\u8d44\u4ea7\u751f\u4e24\u65b9\u9762\u4e0d\u5229\u5f71\u54cd\u3002\u4e00\u662f\u571f\u5730\u4ef7\u683c\u4e0a\u5347\uff0c\u63a8\u5347\u7efc\u5408\u6295\u8d44\u6210\u672c\uff1b\u4e8c\u662f\u957f\u671f\u6295\u8d44\u5360\u6bd4\u5927\u5e45\u4e0a\u5347\uff0c\u8d44\u91d1\u94fe\u8d8b\u7d27\uff0c\u589e\u52a0\u4f01\u4e1a\u548c\u91d1\u878d\u884c\u4e1a\u6d41\u52a8\u6027\u538b\u529b\u3002\u6211\u4eec\u7684\u57fa\u51c6\u770b\u6cd5\u662f\u672c\u8f6e\u4fe1\u8d37\u53cd\u5f39\u65e8\u5728\u626d\u8f6c\u53bb\u5e74\u516c\u5171\u6295\u8d44\u7684\u5927\u5e45\u4e0b\u884c\uff0c\u4f46\u5e45\u5ea6\u6709\u9650\uff0c\u4ee5\u907f\u514d\u63a8\u5347\u571f\u5730\u4ef7\u683c\uff0c\u8d44\u91d1\u8131\u5b9e\u5411\u865a\uff0c\u50f5\u5c38\u4f01\u4e1a\u5ef6\u7eed\u7b49\u8d1f\u9762\u5f71\u54cd\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u25a0<\/span><span style=\"font-size:12.0pt;\"> <\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5bbd\u4fe1\u7528\u672a\u5fc5\u63d0\u5347\u4f01\u4e1a\u6295\u8d44\u3002\u5883\u5185\u5916\u7ecf\u9a8c\u8868\u660e\u51e0\u65b9\u9762\u63aa\u65bd\u6709\u52a9\u6301\u7eed\u5236\u9020\u4e1a\u7684\u590d\u82cf\uff0c\u5305\u62ec\uff1a<\/span><span style=\"font-size:12.0pt;\">1<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\uff09\u6301\u7eed\u7684\u4f9b\u7ed9\u4fa7\u6539\u9769\u4ee5\u652f\u6301\u4f01\u4e1a\u76c8\u5229\u7a7a\u95f4\u548c\u6295\u8d44\u56de\u62a5\uff0c<\/span><span style=\"font-size:12.0pt;\">2<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\uff09\u4ee5\u7a0e\u6536\u4f18\u60e0\u548c\u52a0\u5feb\u4f01\u4e1a\u8d44\u672c\u6298\u65e7\u7b49\u653f\u7b56\u4ee5\u63d0\u5347\u4f01\u4e1a\u7ecf\u8425\u73b0\u91d1\u6d41\u4fc3\u8fdb\u6295\u8d44\uff0c<\/span><span style=\"font-size:12.0pt;\">3<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\uff09\u62d3\u5bbd\u80a1\u6743\u878d\u8d44\u6e20\u9053\uff0c\u652f\u6301\u9ad8\u589e\u957f\u884c\u4e1a\u3002\u6295\u8d44\u56de\u62a5\u662f\u8d44\u91d1\u8fdb\u5165\u7684\u524d\u63d0\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u672c\u6587\u4e3a<\/span><span style=\"font-size:12.0pt;\">CF40<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u7279\u9080\u6210\u5458\uff0c\u5efa\u94f6\u56fd\u9645\u8bc1\u5238\u516c\u53f8\u9996\u5e2d\u7ecf\u6d4e\u5b66\u5bb6\u3001\u8463\u4e8b\u603b\u7ecf\u7406\u5d14\u5386\u5411\u4e2d\u56fd\u91d1\u878d\u56db\u5341\u4eba\u8bba\u575b\u72ec\u5bb6\u4f9b\u7a3f\uff0c\u672a\u7ecf\u8bb8\u53ef\u4e0d\u5f97\u8f6c\u8f7d\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><strong>\u4fe1\u7528\u5468\u671f\u53cd\u5f39<\/strong><\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u53bb\u5e74\u4e0b\u534a\u5e74\u4ee5\u6765\u91d1\u878d\u653f\u7b56\u9010\u6b65\u8f6c\u5411\uff0c\u4ee5\u671f\u7a33\u589e\u957f\u3002\u592e\u884c\u5728<\/span><span style=\"font-size:12.0pt;\">2019<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5e74\u521d\u5168\u9762\u4e0b\u8c03\u5b58\u6b3e\u51c6\u5907\u91d1\u7387<\/span><span style=\"font-size:12.0pt;\">100<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u4e2a\u57fa\u70b9\uff0c\u5e76\u6301\u7eed\u901a\u8fc7\u516c\u5f00\u5e02\u573a\u64cd\u4f5c\u6ce8\u5165\u6d41\u52a8\u6027\u3002\u4e00\u6708\u4ee5\u6765\uff0c\u94f6\u4fdd\u76d1\u4f1a\u6279\u51c6\u94f6\u884c\u53d1\u884c\u6c38\u7eed\u503a\u8865\u5145\u8d44\u672c\u91d1\uff0c\u592e\u884c\u4ea6\u63a8\u51fa\u65b0\u7684\u6d41\u52a8\u6027\u5de5\u5177\u2014\u592e\u884c\u7968\u636e\u4e92\u6362\u2014\u6765\u786e\u4fdd\u6c38\u7eed\u503a\u7684\u6d41\u52a8\u6027\uff0c\u901a\u8fc7\u5438\u5f15\u673a\u6784\u8d2d\u4e70\u6c38\u7eed\u503a\uff0c\u652f\u6301\u94f6\u884c\u589e\u539a\u8d44\u672c\u91d1\u548c\u6269\u8868\u3002\u4e00\u6708\u4efd\u65b0\u589e\u4fe1\u8d37\u8d85\u9884\u671f\u653e\u91cf\uff0c\u5305\u62ec\u793e\u4f1a\u878d\u8d44\u603b\u91cf\u548c\u5730\u65b9\u53d1\u503a\u5728\u5185\u7684\u603b\u4fe1\u8d37\u540c\u6bd4\u89e6\u5e95\u5927\u5e45\u53cd\u5f39\uff0c\u4f46\u540c\u65f6\u5957\u5229\u76f8\u5173\u7684\u7968\u636e\u878d\u8d44\u4e5f\u5f00\u59cb\u56de\u5347\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u8fc7\u53bb\u5341\u5e74\u56fd\u5185\u5df2\u6709\u4e09\u8f6e\u4fe1\u7528\u5468\u671f\uff0c\u671f\u95f4\u94f6\u884c\u4fe1\u8d37\u3001\u503a\u5238\u878d\u8d44\u3001\u975e\u6807\u878d\u8d44\u7b49\u4ea4\u66ff\u4e0a\u884c\uff1a<\/span><span style=\"font-size:12.0pt;\">2008-09<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5e74\u53d7\u56fd\u9645\u91d1\u878d\u5371\u673a\u5f71\u54cd\uff0c\u4fe1\u8d37\u5927\u5e45\u6269\u5f20\uff1a<\/span><span style=\"font-size:12.0pt;\">2010<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5e74\u5f00\u59cb\u653f\u5e9c\u6536\u7d27\u4fe1\u8d37\uff0c\u800c\u5f71\u5b50\u4fe1\u8d37\u4ee5\u4fe1\u6258\u8d37\u6b3e\u3001\u59d4\u6258\u8d37\u6b3e\u548c\u672a\u8d34\u73b0\u94f6\u884c\u627f\u5151\u6c47\u7968\u7b49\u5f62\u5f0f\u6d41\u5411\u878d\u8d44\u65b9\u3002<\/span><span style=\"font-size:12.0pt;\">2011<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5e74\u5168\u7403\u7ecf\u6d4e\u653e\u7f13\uff0c\u5e74\u5e95\u653f\u5e9c\u5f00\u59cb\u653e\u5bbd\u653f\u7b56\uff0c\u603b\u4fe1\u8d37\u4e0a\u626c\u3002<\/span><span style=\"font-size:12.0pt;\">2013<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5e74\u518d\u6b21\u6536\u7d27\u3002<\/span><span style=\"font-size:12.0pt;\">2014<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5e74\u7684\u653f\u7b56\u653e\u677e\u671f\u95f4\uff0c\u503a\u5238\u53d1\u884c\u548c\u975e\u6807\u4ea4\u6613\u4e0a\u884c\uff0c\u63a8\u5347\u793e\u878d\u589e\u957f\u3002<\/span><span style=\"font-size:12.0pt;\">2016<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5e74\u4e0b\u534a\u5e74\u653f\u7b56\u5f3a\u8c03\u964d\u4f4e\u91d1\u878d\u98ce\u9669\u3002\u4f34\u968f\u201c\u8d44\u7ba1\u65b0\u89c4\u201d\u7684\u51fa\u53f0\uff0c<\/span><span style=\"font-size:12.0pt;\">2017-18<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5e74\u671f\u95f4\u91d1\u878d\u53bb\u6760\u6746\u660e\u663e\uff0c\u975e\u91d1\u878d\u4f01\u4e1a\u7684\u603b\u878d\u8d44\uff08\u4fe1\u8d37<\/span><span style=\"font-size:12.0pt;\">+<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u503a\u5238\uff09\u589e\u901f\u653e\u7f13\u3002<\/span><span style=\"font-size:12.0pt;\"> 2018<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5e74\u4e0b\u534a\u5e74\uff0c\u53d7\u8d38\u6613\u6218\u3001\u7ecf\u6d4e\u653e\u7f13\u7b49\u5f71\u54cd\uff0c\u653f\u7b56\u518d\u6b21\u8f6c\u5411\u652f\u6301\u7ecf\u6d4e\u7a33\u5b9a\u9884\u671f\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><strong>\u5236\u9020\u4e1a\u6295\u8d44\u5728\u8fc7\u53bb\u4e24\u5e74\u56de\u5347\uff0c<\/strong><\/span><span style=\"font-family:\u5b8b\u4f53;font-size:12pt;text-indent:24pt;\"><strong>\u53d7\u4fe1\u7528\u6536\u7d27\u5f71\u54cd\u4e0d\u5927<\/strong><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-family:\u5b8b\u4f53;font-size:12pt;text-indent:24pt;\"><strong><br \/> <\/strong><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u8fc7\u5f80\u51e0\u8f6e\u4fe1\u7528\u6269\u5f20\u4e3b\u8981\u53cd\u6620\u5728\u57fa\u5efa\u548c\u5730\u4ea7\u7684\u5927\u5e45\u56de\u6696\uff0c\u867d\u7136\u6709\u52a9\u4e8e\u7a33\u5b9a\u7ecf\u6d4e\u589e\u957f\uff0c\u4f46\u4fe1\u7528\u5bbd\u677e\u4e5f\u4ea7\u751f\u526f\u4f5c\u7528\uff0c\u4fc3\u4f7f\u653f\u5e9c\u5728\u653e\u677e\u653f\u7b56\u4e4b\u540e\u5f88\u5feb\u56de\u8c03\u3002\u56e0\u6b64\uff0c\u6838\u5fc3\u95ee\u9898\u662f\u672c\u8f6e\u653f\u7b56\u652f\u6301\u6548\u679c\u5982\u4f55\uff0c\u4e0e\u524d\u51e0\u8f6e\u5468\u671f\u6709\u4f55\u4e0d\u540c\uff1f<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5386\u53f2\u4e0a\u770b\uff0c\u65e0\u8bba\u662f\u8d27\u5e01\u523a\u6fc0\u8fd8\u662f\u7c7b\u8d22\u653f\u7684\u57fa\u5efa\u652f\u51fa\uff0c\u5bf9\u5236\u9020\u4e1a\u7684\u4e58\u6570\u6548\u5e94\u90fd\u6709\u9650\u3002\u6bd4\u5982<\/span><span style=\"font-size:12.0pt;\">2015-2016<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u653f\u7b56\u653e\u677e\uff0c\u867d\u7136\u57fa\u5efa\u5730\u4ea7\u4e0a\u5347\uff0c\u5236\u9020\u4e1a\u6295\u8d44\u5374\u6301\u7eed\u4e0b\u6ed1\u3002\u8bf4\u660e\u5efa\u7b51\u884c\u4e1a\u7684\u56de\u6696\u5bf9\u5236\u9020\u4e1a\u7684\u6269\u5f20\u5e26\u52a8\u4e0d\u5927\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><img decoding=\"async\" src=\"http:\/\/www.chinacef.cn\/public\/editor\/attached\/image\/20190303\/20190303183755_91818.png\" alt=\"\u5d14\u5386\uff1a\u8d44\u91d1\u5982\u4f55\u652f\u6301\u5b9e\u4f53\uff0c\u8fd9\u6b21\u662f\u5426\u4e0d\u540c\uff1f\" \/><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\">2017-2018<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5e74\u7684\u60c5\u5f62\u5219\u76f8\u53cd\uff1a\u867d\u7136\u653f\u7b56\u6536\u7d27\uff0c\u4fe1\u8d37\u4e0b\u884c\uff0c\u5236\u9020\u4e1a\u7684\u6295\u8d44\u5374\u5f97\u4ee5\u9006\u5e02\u5347\u6e29\uff08\u56fe<\/span><span style=\"font-size:12.0pt;\">1<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\uff09\uff0c\u662f<\/span><span style=\"font-size:12.0pt;\">2008<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5e74\u91d1\u878d\u5371\u673a\u6765\u7684\u9996\u6b21\u3002\u6bd4\u8f83\u660e\u663e\u7684\u662f\uff0c\u5c3d\u7ba1\u591a\u6570\u5236\u9020\u4e1a\u5728\u8fc7\u53bb\u4e09\u5e74\u6760\u6746\u7387\u4e0b\u964d\uff08\u8be6\u89c1\u5efa\u94f6\u56fd\u9645\u8bc1\u5238\uff1a\uff02\u5883\u5916\u4e2d\u8d44\u503a\uff1a\u7ed3\u6784\u6027\u53bb\u6760\u6746\u4e0b\u7684\u6295\u8d44\u673a\u4f1a\uff02\uff0c<\/span><span style=\"font-size:12.0pt;\">2018<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5e74<\/span><span style=\"font-size:12.0pt;\">10<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u6708\uff09\uff0c\u591a\u884c\u4e1a\u8d44\u672c\u652f\u51fa\u5374\u6709\u6240\u56de\u6696\uff0c\u4e14\u5404\u884c\u4e1a\u7684\u8d44\u672c\u652f\u51fa\u56de\u5347\u4e0e\u76c8\u5229\u589e\u957f\u5bc6\u5207\u76f8\u5173\uff08\u56fe<\/span><span style=\"font-size:12.0pt;\">2<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\uff09\uff0c\u8868\u660e\u5916\u90e8\u878d\u8d44\u6761\u4ef6\u5e76\u672a\u5bf9\u65b0\u7684\u8d44\u672c\u652f\u51fa\u5468\u671f\u9020\u6210\u5236\u7ea6\u3002\u5728\u4f9b\u7ed9\u9762\u6574\u5408\uff0c\u76c8\u5229\u80fd\u529b\u590d\u82cf\u7684\u6761\u4ef6\u4e0b\uff0c\u5236\u9020\u4e1a\u7684\u5229\u6da6\u7a7a\u95f4\u548c\u6295\u8d44\u56de\u62a5\u90fd\u6709\u6240\u4e0a\u5347\uff0c\u652f\u6301\u4e86\u65b0\u4e00\u8f6e\u8d44\u672c\u652f\u51fa\u5468\u671f\u7684\u840c\u82bd\u3002\u4f01\u4e1a\u503a\u52a1\u8d1f\u62c5\u4e0b\u964d\uff0c\u4e5f\u4e3a\u63d0\u5347\u8d44\u672c\u652f\u51fa\u521b\u9020\u4e86\u7a7a\u95f4\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><img decoding=\"async\" src=\"http:\/\/www.chinacef.cn\/public\/editor\/attached\/image\/20190303\/20190303183804_15361.png\" alt=\"\u5d14\u5386\uff1a\u8d44\u91d1\u5982\u4f55\u652f\u6301\u5b9e\u4f53\uff0c\u8fd9\u6b21\u662f\u5426\u4e0d\u540c\uff1f\" \/><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><strong>\u4f20\u7edf\u884c\u4e1a\u5185\u90e8\u878d\u8d44\u4e3a\u4e3b\uff0c<\/strong><\/span><span style=\"text-indent:24pt;font-size:12pt;font-family:\u5b8b\u4f53;\"><strong>\u76c8\u5229<\/strong><\/span><span style=\"text-indent:24pt;font-size:12pt;\"><strong>\/<\/strong><\/span><span style=\"text-indent:24pt;font-size:12pt;font-family:\u5b8b\u4f53;\"><strong>\u73b0\u91d1\u6d41\u7684\u6539\u5584\u6bd4\u5916\u90e8\u878d\u8d44\u6761\u4ef6\u91cd\u8981<\/strong><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"text-indent:24pt;font-size:12pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u653e\u677e\u4fe1\u8d37\u80fd\u5426\u652f\u6301\u4f01\u4e1a\u8fdb\u4e00\u6b65\u6269\u5f20\uff1f\u4fe1\u7528\u653e\u677e\u652f\u6301\u4f01\u4e1a\u6295\u8d44\u7684\u524d\u63d0\u662f\u4f01\u4e1a\u6295\u8d44\u5bf9\u4fe1\u7528\u73af\u5883\u6709\u8f83\u5f3a\u654f\u611f\u5ea6\uff0c\u5176\u4e2d\u6709\u4e24\u4e2a\u5173\u952e\u95ee\u9898\uff1a<\/span><span style=\"font-size:12.0pt;\"> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u4e00\u662f\u6574\u4f53\u91d1\u878d\u6761\u4ef6\u662f\u5426\u5bf9\u7ecf\u6d4e\u548c\u884c\u4e1a\u53d1\u5c55\u6784\u6210\u5236\u7ea6\uff1b<\/span><span style=\"font-size:12.0pt;\">Ranjan <\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u548c<\/span><span style=\"font-size:12.0pt;\"> Zingales<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\uff08<\/span><span style=\"font-size:12.0pt;\">1998<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\uff09\u66fe\u4ee5\u7f8e\u56fd\u7684\u4f01\u4e1a\u4e3a\u57fa\u51c6\uff0c\u53d1\u73b0\u4e0d\u540c\u884c\u4e1a\u5bf9\u5916\u90e8\u878d\u8d44\u7684\u4f9d\u8d56\u7a0b\u5ea6\u5dee\u522b\u5f88\u5927\uff0c\u6bd4\u5982\uff0c\u957f\u671f\u53d1\u5c55\u6f5c\u529b\u5927\uff0c\u5185\u90e8\u73b0\u91d1\u6d41\u8f83\u5c11\u7684\u884c\u4e1a\uff08\u4f8b\u5982\u5236\u836f\u4e1a\uff09\u7684\u5916\u90e8\u878d\u8d44\u4f9d\u8d56\u7a0b\u5ea6\u6700\u9ad8\uff0c\u800c\u6210\u719f\u548c\u73b0\u91d1\u6d41\u76f8\u5bf9\u5145\u88d5\u7684\u884c\u4e1a\uff08\u4f8b\u5982\u70df\u8349\u4e1a\uff09\u7684\u878d\u8d44\u4f9d\u8d56\u7a0b\u5ea6\u8f83\u4f4e\u751a\u81f3\u4e3a\u8d1f\uff0c\u4f01\u4e1a\u5185\u90e8\u73b0\u91d1\u6d41\u53ef\u5168\u90e8\u8986\u76d6\u6295\u8d44\u652f\u51fa\u3002\u7814\u7a76\u6307\u51fa\uff0c\u884c\u4e1a\u7684\u5916\u90e8\u878d\u8d44\u4f9d\u8d56\u53d6\u51b3\u4e8e\u884c\u4e1a\u7684\u6280\u672f\u6210\u719f\u5ea6\uff0c\u4e0d\u53d7\u56fd\u5bb6\u56e0\u7d20\u548c\u5730\u7406\u4f4d\u7f6e\u5f71\u54cd\u3002\u8d35\u658c\u5a01\u7b49\uff08<\/span><span style=\"font-size:12.0pt;\">2013<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\uff09\u9488\u5bf9\u4e2d\u56fd\u7684\u7814\u7a76\u7ed3\u679c\u4e5f\u4e0e\u6b64\u4e00\u81f4\u3002\u56e0\u6b64\uff0c\u524d\u8ff0\u7814\u7a76\u53ef\u4f9b\u8861\u91cf\u5728\u6211\u56fd\u4e0d\u540c\u884c\u4e1a\u53d7\u5916\u90e8\u878d\u8d44\u7ea6\u675f\u7684\u7a0b\u5ea6\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u4e8c\u662f\u82e5\u878d\u8d44\u6761\u4ef6\u5bf9\u884c\u4e1a\u53d1\u5c55\u4ea7\u751f\u5236\u7ea6\uff0c\u80a1\u6743\u8fd8\u662f\u503a\u6743\u878d\u8d44\u66f4\u4e3a\u4e3b\u8981\u3002\u7efc\u5408\u8d77\u6765\uff0c\u5982\u679c\u884c\u4e1a\u5bf9\u878d\u8d44\u4f9d\u8d56\u5ea6\u9ad8\uff0c\u4e14\u4ee5\u503a\u6743\u4e3a\u4e3b\uff0c\u4fe1\u8d37\u653e\u677e\u4f1a\u652f\u6301\u884c\u4e1a\u6269\u5f20\uff0c\u53cd\u4e4b\u4fe1\u8d37\u5219\u4f5c\u7528\u6709\u9650\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u6211\u4eec\u5c06\u56fd\u5185\u4e3b\u8981\u5236\u9020\u4e1a\u6309\u5176\u8d44\u672c\u652f\u51fa\u4e2d\u5bf9\u5916\u90e8\u878d\u8d44\u7684\u4f9d\u8d56\u4ee5\u4e00\u534a\u4e3a\u754c\u5206\u4e3a\u9ad8\u3001\u4f4e\u4e24\u7c7b\uff0c\u540c\u65f6\u8861\u91cf\u5176\u6760\u6746\u7387\uff08\u56fe<\/span><span style=\"font-size:12.0pt;\">3<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\uff09\u3002\u5bf9\u5927\u90e8\u5206\u4f20\u7edf\u884c\u4e1a\u800c\u8a00\uff0c\u5305\u62ec\u8f7b\u91cd\u5de5\u4e1a\uff0c\u673a\u68b0\u7b49\uff0c\u5185\u90e8\u878d\u8d44\uff08\u5373\u73b0\u91d1\u6d41\uff09\u5360\u4e3b\u5bfc\u5730\u4f4d\u3002\u5185\u90e8\u878d\u8d44\u6761\u4ef6\u7684\u6539\u5584\u5bf9\u4f01\u4e1a\u6269\u5f20\u5f71\u54cd\u66f4\u5927\u3002\u800c\u5176\u4e2d\u91c7\u77ff\uff0c\u94a2\u94c1\u7b49\u5bf9\u5916\u878d\u8d44\u4f9d\u8d56\u4e0d\u8db3\u603b\u4f53\u6295\u8d44\u7684<\/span><span style=\"font-size:12.0pt;\">1\/3<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\uff0c\u867d\u7136\u6760\u6746\u7387\u8f83\u9ad8\uff0c\u76c8\u5229\u548c\u73b0\u91d1\u6d41\u5bf9\u6295\u8d44\u800c\u8a00\u4ecd\u662f\u7b2c\u4e00\u4f4d\u7684\u3002\u5728\u53e6\u5916\u4e00\u7aef\uff0c\u4fe1\u606f\u6280\u672f\u8f6f\u4ef6\u548c\u533b\u836f\u7b49\u6280\u672f\u5bc6\u96c6\u578b\u884c\u4e1a\u5bf9\u5916\u90e8\u878d\u8d44\u8981\u6c42\u9ad8\u3002\u4f46\u8fd9\u4e9b\u884c\u4e1a\u7684\u8d1f\u503a\u7387\u901a\u5e38\u8f83\u4f4e\u751a\u81f3\u4e3a\u51c0\u73b0\u91d1\u6d41\u884c\u4e1a\uff0c\u56e0\u6b64\u6295\u8d44\u5bf9\u501f\u8d37\u7684\u6761\u4ef6\u4e5f\u5e76\u4e0d\u654f\u611f\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><img decoding=\"async\" src=\"http:\/\/www.chinacef.cn\/public\/editor\/attached\/image\/20190303\/20190303183817_28607.png\" alt=\"\u5d14\u5386\uff1a\u8d44\u91d1\u5982\u4f55\u652f\u6301\u5b9e\u4f53\uff0c\u8fd9\u6b21\u662f\u5426\u4e0d\u540c\uff1f\" \/><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><strong>\u9ad8\u6280\u672f\u884c\u4e1a\u9700\u8981\u5916\u90e8\u878d\u8d44\uff0c<\/strong><\/span><span style=\"font-family:\u5b8b\u4f53;font-size:12pt;text-indent:24pt;\"><strong>\u4f46\u6760\u6746\u4f7f\u7528\u5c11\uff0c\u80a1\u6743\u878d\u8d44\u91cd\u8fc7\u503a\u6743\u878d\u8d44<\/strong><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-family:\u5b8b\u4f53;font-size:12pt;text-indent:24pt;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5bf9\u9ad8\u6280\u672f\u9ad8\u589e\u957f\u884c\u4e1a\u7684\u6709\u6548\u652f\u6301\u662f\u91d1\u878d\u4fc3\u8fdb\u53d1\u5c55\u7684\u5173\u952e\u3002\u8fd9\u4e9b\u884c\u4e1a\u5927\u90fd\u4fdd\u6301\u4f4e\u6760\u6746\uff0c\u5e76\u666e\u904d\u51c0\u73b0\u91d1\uff08\u4e0a\u5e02\u516c\u53f8\u4e2d\u8fd9\u4e9b\u884c\u4e1a\u51c0\u73b0\u91d1\u516c\u53f8\u6570\u76ee\u5360\u6bd4\u9ad8\u8fbe<\/span><span style=\"font-size:12.0pt;\">60-80%<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\uff09\uff0c\u6709\u591a\u65b9\u539f\u56e0\uff0c\u5305\u62ec\u65b0\u5174\u4ea7\u4e1a\u73b0\u91d1\u6d41\u4e0d\u7a33\u5b9a\uff0c\u8f7b\u8d44\u4ea7\u884c\u4e1a\u62b5\u62bc\u4e0d\u8db3\u7b49\u3002\u5bf9\u4e8e\u8fd9\u4e9b\u884c\u4e1a\u800c\u8a00\uff0c\u9884\u671f\u6295\u8d44\u56de\u62a5\uff08<\/span><span style=\"font-size:12.0pt;\">hurdlerate<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\uff09\u548c\u80a1\u672c\u878d\u8d44\u96be\u6613\u548c\u6210\u672c\uff0c\u800c\u975e\u5229\u7387\u6210\u672c\uff0c\u662f\u4f01\u4e1a\u6295\u8d44\u4e0e\u5426\u7684\u51b3\u5b9a\u56e0\u7d20\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u6d77\u5916\u7ecf\u9a8c\u53ef\u505a\u501f\u9274\u3002\u91d1\u878d\u5371\u673a\u4ee5\u6765\u5c3d\u7ba1\u5168\u7403\u5229\u7387\u8d85\u4f4e\uff0c\u4f01\u4e1a\u6295\u8d44\u5374\u5e76\u672a\u56e0\u6b64\u800c\u5927\u5e45\u63d0\u5347\u3002\u7f8e\u8054\u50a8\u7684\u4e00\u7bc7\u95ee\u5377\u8c03\u67e5\u7684\u5206\u6790\u53d1\u73b0\uff0c\u4f01\u4e1a\u666e\u904d\u8ba4\u4e3a\uff1a\u4fe1\u8d37\u6210\u672c\u5df2\u7ecf\u8db3\u591f\u4f4e\u800c\u4e14\u4f01\u4e1a\u672c\u8eab\u6709\u73b0\u91d1\u7559\u5b58\u3002\u65b0\u6295\u8d44\u51b3\u5b9a\u53d6\u51b3\u4e8e\u9884\u671f\u6295\u8d44\u56de\u62a5\u7387\uff08<\/span><span style=\"font-size:12.0pt;\">hurdle rate<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\uff09\u3002\u53ea\u6709\u6295\u8d44\u56de\u62a5\u9ad8\u4e8e\u9884\u671f\u7684\u95e8\u69db\uff0c\u4f01\u4e1a\u624d\u4f1a\u6295\u8d44\u3002\u9ad8\u6210\u957f\u4f01\u4e1a\u7684\u9884\u671f\u56de\u62a5\u7387\u95e8\u69db\u4e5f\u8f83\u9ad8\uff0c\u8fdc\u9ad8\u4e8e\u4f01\u4e1a\u501f\u8d37\u5229\u7387\uff0c\u6295\u8d44\u4e0e\u5426\u4e0e\u5229\u7387\u53d8\u52a8\u5173\u7cfb\u4e0d\u5927\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u7efc\u4e0a\uff0c\u884c\u4e1a\u53d1\u5c55\u9636\u6bb5\u548c\u878d\u8d44\u7279\u70b9\u51b3\u5b9a\u4e86\u5236\u9020\u4e1a\u6269\u5f20\u5bf9\u4fe1\u8d37\u73af\u5883\u5e76\u4e0d\u654f\u611f\uff0c\u4e5f\u8bf4\u660e\u4e3a\u4f55\u8fc7\u53bb\u4e24\u5e74\u7684\u4fe1\u8d37\u6536\u7d27\u5e76\u672a\u6291\u5236\u5236\u9020\u4e1a\u6295\u8d44\u7684\u590d\u82cf\u3002\u6211\u4eec\u4f30\u7b97\u56fd\u5185<\/span><span style=\"font-size:12.0pt;\">4\/5<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u4ee5\u4e0a\uff08\u5360\u5236\u9020\u4e1a\u6295\u8d44\u7684\u4efd\u989d\uff09\u7684\u5236\u9020\u4e1a\uff0c\u5305\u62ec\u5927\u591a\u6570\u8f7b\u5de5\u4e1a\uff0c\u673a\u68b0\u548c\u4e0a\u6e38\u884c\u4e1a\uff0c\u90fd\u662f\u5185\u90e8\u878d\u8d44\u4e3a\u4e3b\u3002\u4e0e\u5916\u90e8\u878d\u8d44\u76f8\u6bd4\uff0c\u5229\u6da6\u548c\u73b0\u91d1\u6d41\u662f\u66f4\u91cd\u8981\u7684\u5236\u7ea6\u56e0\u7d20\u3002\u5176\u4f59\u9ad8\u6210\u957f\u884c\u4e1a\uff08\u901a\u4fe1\u6280\u672f\u3001\u8ba1\u7b97\u673a\u3001\u533b\u836f\u7b49\uff09\u867d\u7136\u4f9d\u9760\u5916\u90e8\u878d\u8d44\u8fdb\u884c\u6269\u5f20\uff0c\u4f46\u5bf9\u80a1\u6743\u7684\u9700\u6c42\u5927\u8fc7\u503a\u6743\u3002\u6570\u636e\u663e\u793a\uff0c\u9ad8\u6210\u957f\u884c\u4e1a\u8fd1\u5e74\u6765\u4ecd\u4fdd\u6301\u5e74\u5747<\/span><span style=\"font-size:12.0pt;\">10-15%<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u7684\u7a33\u5065\u8d44\u672c\u652f\u51fa\u589e\u957f\uff0c\u4e0e\u884c\u4e1a\u524d\u666f\uff0c\u4f4e\u6760\u6746\uff0c\u548c\u73b0\u91d1\u5145\u88d5\u7b49\u7279\u70b9\u4e00\u81f4\uff0c\u800c\u4f20\u7edf\u884c\u4e1a\u6295\u8d44\u5219\u5728<\/span><span style=\"font-size:12.0pt;\">2017-18<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5e74\u5ea6\u53d7\u76ca\u4e8e\u76c8\u5229\u6709\u6240\u56de\u5347\uff0c\u5747\u672a\u53d7\u4fe1\u8d37\u6536\u7d27\u7684\u5f71\u54cd\uff08\u56fe<\/span><span style=\"font-size:12.0pt;\">4<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\uff09\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><img decoding=\"async\" src=\"http:\/\/www.chinacef.cn\/public\/editor\/attached\/image\/20190303\/20190303183834_44542.png\" alt=\"\u5d14\u5386\uff1a\u8d44\u91d1\u5982\u4f55\u652f\u6301\u5b9e\u4f53\uff0c\u8fd9\u6b21\u662f\u5426\u4e0d\u540c\uff1f\" \/><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><strong>\u4fe1\u7528\u6269\u5f20\u9700\u8c28\u614e\uff0c<\/strong><\/span><span style=\"font-family:\u5b8b\u4f53;font-size:12pt;text-indent:24pt;\"><strong>\u9632\u6b62\u5bf9\u5236\u9020\u4e1a\u7684\u8d1f\u9762\u51b2\u51fb<\/strong><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-family:\u5b8b\u4f53;font-size:12pt;text-indent:24pt;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5b9e\u4f53\u7ecf\u6d4e\u5bf9\u4fe1\u8d37\u9700\u6c42\u6709\u9650\uff0c\u56e0\u6b64\u5728\u4fe1\u8d37\u5927\u5e45\u4e0a\u5347\u671f\u95f4\uff0c\u589e\u91cf\u8d44\u91d1\u4ee5\u8fdb\u5165\u57fa\u5efa\u548c\u5730\u4ea7\u4e3a\u4e3b\u3002\u6211\u4eec\u5bf9\u94f6\u884c\u4fe1\u8d37\u3001\u4fe1\u6258\u3001\u5883\u5185\u503a\u5238\u3001\u5883\u5916\u503a\u5238\u7b49\u5404\u7c7b\u878d\u8d44\u6e20\u9053\u7684\u884c\u4e1a\u6784\u6210\u53ca\u5468\u671f\u8d70\u52bf\u505a\u4e86\u68b3\u7406\u3002\u4f8b\u5982<\/span><span style=\"font-size:12.0pt;\">2014<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5230<\/span><span style=\"font-size:12.0pt;\">2016<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5e74\u7684\u4fe1\u8d37\u63d0\u901f\u53d7\u57fa\u5efa\u548c\u623f\u5730\u4ea7\u4e24\u4e2a\u884c\u4e1a\u62c9\u52a8\uff0c\u4e3b\u8981\u901a\u8fc7\u4fe1\u6258\u3001\u503a\u5238\u7b49\u6e20\u9053\u6295\u5411\u76f8\u5173\u9886\u57df\u3002\u800c<\/span><span style=\"font-size:12.0pt;\">2017\/2018<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5e74\u653f\u7b56\u6536\u7d27\u4e0b\uff0c\u53d7\u5f71\u54cd\u7684\u4e5f\u4e3b\u8981\u662f\u91d1\u878d\u6760\u6746\u53ca\u57fa\u5efa\u76f8\u5173\u503a\u5238<\/span><span style=\"font-size:12.0pt;\">,<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u4fe1\u6258\u6295\u8d44\u7b49\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u8d44\u91d1\u5927\u5e45\u914d\u7f6e\u8fdb\u5165\u57fa\u5efa\u548c\u5730\u4ea7\u5bf9\u5236\u9020\u4e1a\u4ea7\u751f\u4e24\u4e2a\u8d1f\u9762\u6548\u679c\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u4e00\u662f\u4fe1\u7528\u5468\u671f\u63a8\u5347\u571f\u5730\u6210\u672c\u3002\u571f\u5730\u4ef7\u683c\uff08\u8c03\u6574\u901a\u80c0\u56e0\u7d20\uff09\u5728\u4fe1\u8d37\u6269\u5f20\u65f6\u52a0\u901f\u4e0a\u5347\uff0c\u5728\u4fe1\u8d37\u653e\u7f13\u65f6\u51cf\u901f\uff08\u56fe<\/span><span style=\"font-size:12.0pt;\">5<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\uff09\u3002\u91d1\u878d\u5371\u673a\u4ee5\u6765\u4f01\u4e1a\u9762\u5bf9\u7684\u5b9e\u9645\u878d\u8d44\u6210\u672c\uff08\u8c03\u6574\u901a\u80c0\u56e0\u7d20\uff09\u4e0b\u964d\u4e86<\/span><span style=\"font-size:12.0pt;\">2<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u4e2a\u767e\u5206\u70b9\uff0c\u4f46\u5b9e\u9645\u571f\u5730\u6210\u672c\uff08\u8c03\u6574\u901a\u80c0\u56e0\u7d20\uff09\u5219\u4e0a\u5347<\/span><span style=\"font-size:12.0pt;\">30%<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u3002\u4fe1\u7528\u4e0a\u884c\u6216\u8bb8\u7f13\u89e3\u90e8\u5206\u4f01\u4e1a\u7684\u878d\u8d44\u56f0\u96be\uff0c\u4f46\u63a8\u5347\u4e86\u5168\u793e\u4f1a\u7684\u571f\u5730\u6210\u672c\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u4e8c\u662f\u8d44\u91d1\u94fe\u666e\u904d\u62c9\u957f\u3002\u57fa\u5efa\uff0f\u5730\u4ea7\u6295\u8d44\u4e0a\u884c\u671f\uff0c\u5de5\u4e1a\u4f01\u4e1a\u5e94\u6536\u8d26\u6b3e\u5468\u8f6c\u7387\u591a\u4e0b\u964d\uff08\u56fe<\/span><span style=\"font-size:12.0pt;\">6<\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\uff09\uff0c\u4e0e\u5efa\u7b51\u76f8\u5173\u884c\u4e1a\u56de\u6b3e\u671f\u957f\uff0c\u73b0\u91d1\u6d41\u5f31\u7684\u7279\u70b9\u6709\u5173\u3002\u5bbd\u4fe1\u7528\u53cd\u800c\u62c9\u957f\u8d44\u91d1\u94fe\u8fd9\u4e00\u73b0\u8c61\u6216\u8bb8\u8ba9\u4eba\u60ca\u8bb6\uff1a\u6df1\u5c42\u539f\u56e0\u662f\u4fe1\u7528\u5468\u671f\u4e0a\u884c\u4e2d\u571f\u5730\u8d27\u5e01\u5316\u901f\u5ea6\u4e0a\u5347\uff0c\u957f\u671f\u501f\u6b3e\u7684\u9700\u6c42\u589e\u52a0\u8d85\u8fc7\u4e86\u6d41\u52a8\u6027\u7684\u6539\u5584\uff0c\u5373\u4f7f\u76f4\u63a5\u53d7\u76ca\u7684\u5efa\u7b51\u884c\u4e1a\u8d44\u91d1\u94fe\u90fd\u4f1a\u8d8b\u7d27\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u8d44\u4ea7\u6d41\u52a8\u6027\u4e0b\u964d\u5bf9\u91d1\u878d\u884c\u4e1a\u4e5f\u6709\u5f71\u54cd\u3002\u4fe1\u8d37\u76f8\u5173\u7684\u4e24\u65b9\u9762\u98ce\u9669\u4e2d\uff08\u8be6\u89c1\uff0c\u5efa\u94f6\u56fd\u9645\u8bc1\u5238\uff1a\u201c\u503a\u8f6c\u80a1\uff0d\u7ec6\u8282\u51b3\u5b9a\u6210\u8d25\u201d\uff0c\uff12\uff10\uff11\uff16\u5e74\uff14\u6708\uff09\uff0c\u4ea7\u80fd\u8fc7\u5269\u884c\u4e1a\u7684\u9ad8\u6760\u6746\u548c\u5c3e\u90e8\u98ce\u9669\u5df2\u6709\u660e\u663e\u4e0b\u964d\uff0c\u4f01\u4e1a\u4fe1\u7528\u8d44\u8d28\u660e\u663e\u597d\u8f6c\u3002\u4f46\u7531\u4e8e\u8d44\u91d1\u6301\u7eed\u8fdb\u5165\u57fa\u5efa\u7b49\u957f\u671f\u6295\u8d44\u9886\u57df\uff0c\u6d41\u52a8\u6027\u98ce\u9669\u6301\u7eed\uff1a\u6211\u4eec\u4f30\u7b97\uff0c\u76ee\u524d\u91d1\u878d\u4f53\u7cfb\u4e2d\u4e00\u534a\u4ee5\u4e0a\u7684\u4fe1\u8d37\u5df2\u8fdb\u5165\u623f\u5730\u4ea7\u548c\u57fa\u5efa\u9886\u57df\uff0c\u6bd4\u4e94\u5e74\u524d\u4e09\u5206\u4e4b\u4e00\u7684\u5360\u6bd4\u5927\u5e45\u4e0a\u5347\u3002\u8fd9\u4e9b\u9ad8\u6760\u6746\u90e8\u95e8\u5229\u7387\u654f\u611f\u5ea6\u8f83\u9ad8\u3002\u518d\u878d\u8d44\u98ce\u9669\u8f83\u4e3a\u7a81\u51fa\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><img decoding=\"async\" src=\"http:\/\/www.chinacef.cn\/public\/editor\/attached\/image\/20190303\/20190303183850_57478.png\" alt=\"\u5d14\u5386\uff1a\u8d44\u91d1\u5982\u4f55\u652f\u6301\u5b9e\u4f53\uff0c\u8fd9\u6b21\u662f\u5426\u4e0d\u540c\uff1f\" \/><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><strong>\u8d44\u91d1\u5982\u4f55\u8fdb\u5165\u5b9e\u4f53\uff1f<\/strong><\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u5bbd\u8d27\u5e01\u548c\u5bbd\u4fe1\u7528\u9075\u5faa\u9006\u5468\u671f\u64cd\u4f5c\u7684\u653f\u7b56\u601d\u8def\uff1a\u5728\u7ecf\u6d4e\u4e0b\u884c\u671f\u8bd5\u56fe\u901a\u8fc7\u964d\u4f4e\u878d\u8d44\u6210\u672c\u548c\u4fe1\u7528\u5468\u671f\u7684\u6269\u5f20\uff0c\u4ee5\u63d0\u632f\u4f01\u4e1a\u6295\u8d44\u5e76\u6269\u5927\u751f\u4ea7\uff0c\u63a8\u52a8\u7ecf\u6d4e\u590d\u82cf\u548c\u5c31\u4e1a\u3002\u4f46\u8fc7\u5f80\u7ecf\u9a8c\u770b\uff0c\u5efa\u7b51\u884c\u4e1a\u7684\u56de\u6696\u5bf9\u5236\u9020\u4e1a\u7684\u4e58\u6570\u6548\u5e94\u6709\u9650\uff0c\u76ee\u524d\u60c5\u51b5\u4e5f\u96be\u4ee5\u4f9d\u9760\u57fa\u5efa\u5730\u4ea7\u7684\u5927\u5e45\u62c9\u52a8\u652f\u6301\u5236\u9020\u4e1a\u7684\u590d\u82cf\u3002\u53e6\u5916\u5236\u9020\u4e1a\u6295\u8d44\u5bf9\u4fe1\u8d37\u6761\u4ef6\u654f\u611f\u5ea6\u4f4e\u3002\u4fe1\u8d37\u8fc7\u5ea6\u5bbd\u677e\u53cd\u800c\u4ea7\u751f\u8d44\u91d1\u8131\u5b9e\u5411\u865a\uff0c\u571f\u5730\u6210\u672c\u4e0a\u5347\u7b49\u8d1f\u6548\u679c\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u524d\u8ff0\u5206\u6790\u4e5f\u8868\u660e\uff0c\u5b8f\u89c2\u653f\u7b56\u652f\u6301\u80fd\u5426\u4ea7\u751f\u957f\u6548\uff0c\u63a8\u5347\u5236\u9020\u4e1a\u4ea7\u80fd\u6269\u5f20\u53d6\u51b3\u4e8e\u51e0\u65b9\u9762\uff1a<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u4e00\u662f\u6301\u7eed\u7684\u4f9b\u7ed9\u9762\u8c03\u6574\u3002\u5bf9\u4e8e\u591a\u6570\u5236\u9020\u4e1a\u800c\u8a00\uff0c\u4ea7\u4e1a\u5468\u671f\u6bd4\u91d1\u878d\u5468\u671f\u66f4\u91cd\u8981\u3002\u4e0e\u8fc7\u5f80\u4fe1\u8d37\u653e\u677e\u540e\u4f01\u4e1a\u503a\u4fe1\u7528\u5229\u5dee\u5927\u5e45\u6536\u7a84\u4e0d\u540c\uff0c\u53bb\u5e74\u4e0b\u534a\u5e74\u4ee5\u6765\u4f4e\u8d44\u8d28\u4f01\u4e1a\u7684\u4fe1\u7528\u5229\u5dee\u4ecd\u5728\u52a0\u5927\uff0c\u8bf4\u660e\u524a\u51cf\u8fc7\u5269\u4ea7\u80fd\uff0c\u964d\u4f4e\u9690\u6027\u62c5\u4fdd\uff0c\u589e\u5f3a\u4f9b\u7ed9\u7ea6\u675f\u7b49\u56e0\u7d20\u4ecd\u5728\u63a8\u52a8\u884c\u4e1a\u7684\u6301\u7eed\u6574\u5408\uff0c\u6709\u5229\u4e2d\u957f\u671f\u884c\u4e1a\u524d\u666f\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u4e8c\uff0c<\/span><span style=\"font-size:12.0pt;\"> <\/span><span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u7531\u4e8e\u5927\u591a\u6570\u5236\u9020\u4e1a\u6269\u5f20\u5bf9\u4e8e\u76c8\u5229\u524d\u666f\u548c\u7ecf\u8425\u6027\u73b0\u91d1\u6d41\u66f4\u4e3a\u654f\u611f\u3002\u964d\u4f4e\u6574\u4f53\u6295\u8d44\u6210\u672c\uff0c\u7279\u522b\u662f\u571f\u5730\u6210\u672c\uff0c\u5e76\u4ee5\u51cf\u7a0e\uff0c\u52a0\u5feb\u6298\u65e7\u7b49\u8d22\u653f\u624b\u6bb5\u65b9\u5f0f\u63d0\u5347\u4f01\u4e1a\u7684\u7ecf\u8425\u73b0\u91d1\u6d41\u5bf9\u5236\u9020\u4e1a\u6295\u8d44\u7684\u6548\u679c\u5e94\u597d\u8fc7\u538b\u4f4e\u5229\u7387\u7684\u8d27\u5e01\u6027\u624b\u6bb5\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;font-family:\u5b8b\u4f53;\">\u4e09\uff0c\u7531\u4e8e\u6210\u957f\u6027\u7684\u884c\u4e1a\u591a\u6570\u4fdd\u6301\u8f83\u4f4e\u6760\u6746\u7387\u751a\u81f3\u662f\u51c0\u73b0\u91d1\uff0c\u5f00\u62d3\u80a1\u6743\u878d\u8d44\u6e20\u9053\u662f\u91d1\u878d\u652f\u6301\u7ecf\u6d4e\u7684\u91cd\u8981\u4e00\u73af\u3002\u6295\u8d44\u7684\u9884\u671f\u56de\u62a5\u662f\u8d44\u91d1\u8fdb\u5165\u7684\u524d\u63d0\u3002<\/span><span style=\"font-size:12.0pt;\"><\/span> <\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u672c\u6587\u8981\u70b9\uff1a \u25a0 \u91d1\u878d\u652f\u6301\u7ecf\u6d4e\u6709\u4e24\u4e2a\u5173\u952e\u95ee\u9898\uff1a \u4e00\u662f\u6574\u4f53\u878d\u8d44\u6761\u4ef6\u662f\u5426\u5bf9\u7ecf\u6d4e\u548c\u884c\u4e1a\u53d1\u5c55\u6784\u6210\u5236\u7ea6\uff1b\u4e8c\u662f\u82e5\u6709\u6b64\u5236\u7ea6\uff0c\u6240...<\/p>\n<p class=\"more-link-wrap\"><a href=\"\/\/m.catawbaoil.com\/251384.html\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;\u5d14\u5386\uff1a\u8d44\u91d1\u5982\u4f55\u652f\u6301\u5b9e\u4f53\uff0c\u8fd9\u6b21\u662f\u5426\u4e0d\u540c\uff1f&rdquo;<\/span> 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