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\u7b54\uff1a<\/b>\u90e8\u5206\u8bc1\u5238\u6295\u8d44\u57fa\u91d1\u89c4\u5b9a\u6295\u8d44\u8005\u5728\u8d2d\u4e70\u4efd\u989d\u7684\u540c\u65f6\u652f\u4ed8\u624b\u7eed\u8d39\uff0c\u8fd9\u7c7b\u6536\u8d39\u6a21\u5f0f\u88ab\u79f0\u4e3a\u524d\u7aef\u6536\u8d39\uff08\u7b80\u79f0\u524d\u6536\u8d39\uff09\uff1b\u800c\u6709\u4e9b\u8bc1\u5238\u6295\u8d44\u57fa\u91d1\u5219\u5141\u8bb8\u6295\u8d44\u8005\u5728\u8d2d\u4e70\u4efd\u989d\u65f6\u6682\u7f13\u7f34\u7eb3\u624b\u7eed\u8d39\uff0c\u5728\u8d4e\u56de\u4efd\u989d\u65f6\u6839\u636e\u6301\u6709\u57fa\u91d1\u7684\u5e74\u9650\u6765\u51b3\u5b9a\u662f\u5426\u8865\u4ea4\u624b\u7eed\u8d39\u4ee5\u53ca\u8865\u4ea4\u8d39\u7528\u5360\u8d44\u4ea7\u51c0\u503c\u7684\u6bd4\u4f8b\uff0c\u8fd9\u5c31\u662f\u6240\u8c13\u7684\u540e\u7aef\u6536\u8d39\uff08\u7b80\u79f0\u540e\u6536\u8d39\uff09\u3002<\/p>\n

\u95ee\uff1a\u8bc1\u5238\u6295\u8d44\u57fa\u91d1\u5982\u4f55\u5206\u7c7b\uff1f<\/strong><\/p>\n

\u7b54\uff1a<\/b>\u4f9d\u636e\u4e0d\u540c\u7684\u6807\u51c6\u548c\u65b9\u6cd5\uff0c\u53ef\u4ee5\u5c06\u6240\u6709\u7684\u8bc1\u5238\u6295\u8d44\u57fa\u91d1\u5f52\u7eb3\u6210\u4e0d\u540c\u7684\u7c7b\u522b\u3002\u76ee\u524d\u4e1a\u754c\u8f83\u4e3a\u6d41\u884c\u7684\u5206\u7c7b\u65b9\u5f0f\u5305\u62ec\u4ee5\u4e0b\u51e0\u79cd\uff1a<\/p>\n

\uff081\uff09\u6309\u7167\u8fd0\u4f5c\u65b9\u5f0f\uff0c\u57fa\u91d1\u53ef\u4ee5\u88ab\u5212\u5206\u6210\u5c01\u95ed\u5f0f\u548c\u5f00\u653e\u5f0f\u4e24\u5927\u7c7b\uff0c\u800c\u540e\u8005\u53c8\u53ef\u8fdb\u4e00\u6b65\u88ab\u5212\u5206\u6210\u4f20\u7edf\u5f00\u653e\u5f0f\u3001\u4ea4\u6613\u578b\u5f00\u653e\u5f0f\uff08ETF\uff09\u548c\u4e0a\u5e02\u578b\u5f00\u653e\u5f0f\uff08LOF\uff09\u4e09\u4e2a\u54c1\u79cd\u3002\u4e0d\u8fc7\u9700\u8981\u6307\u51fa\u7684\u662f\uff0cLOF\u662f\u5728\u56fd\u9645\u4e0a\u6bd4\u8f83\u5c11\u89c1\u7684\u4e00\u79cd\u57fa\u91d1\u8fd0\u4f5c\u65b9\u5f0f\u3002<\/p>\n

\uff082\uff09\u6309\u7167\u8d44\u91d1\u7684\u4e3b\u8981\u8d44\u4ea7\u914d\u7f6e\u72b6\u51b5\uff0c\u57fa\u91d1\u53ef\u4ee5\u88ab\u5212\u5206\u6210\u8d27\u5e01\u5e02\u573a\u578b\u3001\u56fa\u5b9a\u6536\u76ca\uff08\u6216\u503a\u5238\uff09\u578b\u3001\u5e73\u8861\u578b\uff08\u6216\u6df7\u5408\u578b\uff09\u3001\u504f\u80a1\u578b\u4ee5\u53ca\u80a1\u7968\u578b\u3002\u6b64\u5916\uff0c\u8fd1\u4e9b\u5e74\u5728\u6d77\u5916\u9010\u6e10\u6d41\u884c\u7684\u751f\u547d\u5468\u671f\uff08\u6216\u81ea\u52a8\u5bfc\u822a\uff09\u57fa\u91d1\u4e5f\u5f00\u59cb\u88ab\u56fd\u5185\u57fa\u91d1\u7ba1\u7406\u516c\u53f8\u5f15\u8fdb\uff0c\u8fd9\u7c7b\u57fa\u91d1\u7684\u8d44\u4ea7\u914d\u7f6e\u81ea\u52a8\u6839\u636e\u6295\u8d44\u8005\u7684\u9884\u671f\u9000\u4f11\u5e74\u9650\u9010\u6b65\u7531\u504f\u80a1\u578b\u5411\u5e73\u8861\u578b\u548c\u503a\u5238\u578b\u8fc7\u6e21\u3002<\/p>\n

\uff083\uff09\u6309\u7167\u6295\u8d44\u7ecf\u7406\u7ba1\u7406\u8d44\u4ea7\u7684\u65b9\u5f0f\uff0c\u57fa\u91d1\u53ef\u4ee5\u88ab\u5212\u5206\u6210\u4e3b\u52a8\u578b\u548c\u88ab\u52a8\u578b\u4e24\u7c7b\u3002\u4e3b\u52a8\u578b\u57fa\u91d1\u7ecf\u7406\u8bd5\u56fe\u901a\u8fc7\u5728\u8fdb\u51fa\u5e02\u573a\u7684\u65f6\u673a\u548c\u5177\u4f53\u5238\u79cd\u7684\u9009\u62e9\u4e0a\u53d6\u5f97\u6bd4\u5927\u5e02\u66f4\u4e3a\u4f18\u5f02\u7684\u6218\u7ee9\u3002\u88ab\u52a8\u578b\u57fa\u91d1\u7684\u7ecf\u7406\u5219\u4ee5\u590d\u5236\u6240\u8ddf\u8e2a\u57fa\u51c6\u6307\u6570\u7684\u6536\u76ca\u548c\u98ce\u9669\u4e3a\u81ea\u5df1\u7684\u6295\u8d44\u76ee\u6807\u3002\u88ab\u52a8\u578b\u57fa\u91d1\u901a\u5e38\u7b80\u79f0\u4e3a\u6307\u6570\u57fa\u91d1\u3002<\/p>\n

\uff084\uff09\u6309\u7167\u6295\u8d44\u4eba\u6216\u8005\u76ee\u6807\u6295\u8d44\u4ea7\u54c1\u7684\u53f8\u6cd5\u5c5e\u5730\uff0c\u57fa\u91d1\u8fd8\u53ef\u88ab\u5212\u5206\u6210\u4e13\u4f9b\u56fd\u5185\u6295\u8d44\u8005\u6295\u8d44\u5883\u5185\u4e0a\u5e02\u8bc1\u5238\u7684\u56fd\u5185\u57fa\u91d1\u3001\u4e13\u4f9b\u56fd\u5185\u6295\u8d44\u8005\u6295\u8d44\u5883\u5916\u4e0a\u5e02\u8bc1\u5238\u7684\u5408\u683c\u5883\u5185\u673a\u6784\u6295\u8d44\u4eba\uff08Qualified Domestic Institutional Investor\uff0c\u7b80\u79f0QDII\uff09\u57fa\u91d1\u3001\u4e13\u4f9b\u5883\u5916\u6295\u8d44\u8005\u6295\u8d44\u5883\u5185\u4e0a\u5e02\u8bc1\u5238\u7684\u5408\u683c\u5883\u5916\u673a\u6784\u6295\u8d44\u4eba\uff08Qualified Foreign Institutional Investor\uff0c\u7b80\u79f0QFII\uff09\u57fa\u91d1\u7b49\u4e09\u5927\u7c7b\u3002<\/p>\n

\u95ee\uff1a\u5f00\u653e\u5f0f\u57fa\u91d1\u548c\u5c01\u95ed\u5f0f\u57fa\u91d1\u6709\u4f55\u533a\u522b\uff1f<\/strong><\/p>\n

\u7b54\uff1a<\/b>\u4e24\u8005\u7684\u4e3b\u8981\u533a\u522b\u5728\u4e8e\u5f00\u653e\u5f0f\u57fa\u91d1\u7684\u6295\u8d44\u8005\u5728\u5356\u51fa\u57fa\u91d1\u65f6\u7684\u4ea4\u6613\u5bf9\u624b\u662f\u57fa\u91d1\uff0c\u800c\u5c01\u95ed\u5f0f\u57fa\u91d1\u7684\u4ea4\u6613\u5bf9\u624b\u662f\u5176\u4ed6\u6295\u8d44\u8005\u3002\u5728\u7f8e\u56fd\u7b49\u5883\u5916\u5e02\u573a\uff0c\u5c01\u95ed\u5f0f\u57fa\u91d1\u4e3b\u8981\u88ab\u7528\u6765\u6295\u8d44\u5e02\u653f\u503a\u5238\u3001\u65b0\u5174\u5e02\u573a\u8bc1\u5238\u7b49\u6d41\u52a8\u6027\u8f83\u5dee\u7684\u8bc1\u5238\u3002\u57fa\u91d1\u5c01\u95ed\u540e\u6295\u8d44\u7ecf\u7406\u53ef\u4ee5\u4e0d\u53d7\u6295\u8d44\u8005\u62bd\u56de\u8d44\u91d1\u7684\u538b\u529b\uff0c\u4ece\u800c\u4fdd\u8bc1\u6295\u8d44\u7ec4\u5408\u7684\u957f\u671f\u6536\u76ca\u4e0d\u53d7\u5230\u6295\u8d44\u8005\u7684\u77ed\u671f\u6d41\u52a8\u6027\u9700\u6c42\u7684\u5f71\u54cd\u3002<\/p>\n

\u5728\u6211\u56fd\uff0c\u5c01\u95ed\u5f0f\u57fa\u91d1\u662f\u4f5c\u4e3a\u6574\u4e2a\u57fa\u91d1\u4ea7\u4e1a\u7684\u8bd5\u9a8c\u4ea7\u54c1\u88ab\u63a8\u51fa\u6765\uff0c\u5176\u8bb8\u591a\u7684\u7279\u5f81\u5e76\u4e0d\u5b8c\u5168\u7b49\u540c\u4e8e\u56fd\u5916\u5c01\u95ed\u5f0f\u57fa\u91d1\u7684\u3002\u540c\u65f6\uff0c\u56fd\u5185\u7684\u5f00\u653e\u5f0f\u57fa\u91d1\u4e5f\u5904\u4e8e\u8d77\u6b65\u9636\u6bb5\uff0c\u540c\u6837\u5177\u6709\u4e2d\u56fd\u7684\u4e00\u4e9b\u7279\u8272\u3002\u76ee\u524d\uff0c\u4e2d\u56fd\u7684\u5f00\u653e\u5f0f\u57fa\u91d1\u548c\u5c01\u95ed\u5f0f\u57fa\u91d1\u7684\u533a\u522b\u4e3b\u8981\u662f\uff1a<\/p>\n

\uff081\uff09\u5408\u540c\u5b58\u7eed\u671f\u9650\u4e0d\u540c\u3002\u73b0\u6709\u5c01\u95ed\u5f0f\u57fa\u91d1\u7684\u5b58\u7eed\u671f\u6700\u957f\u53ea\u670915\u5e74\uff0c\u800c\u5f00\u653e\u5f0f\u57fa\u91d1\u901a\u5e38\u662f\u65e0\u9650\u5b58\u7eed\u7684\u3002<\/p>\n

\uff082\uff09\u57fa\u91d1\u7684\u4efd\u989d\u89c4\u6a21\u4e0d\u540c\u3002\u5c01\u95ed\u5f0f\u57fa\u91d1\u7684\u53d1\u884c\u7ed3\u675f\u540e\u5176\u4efd\u989d\u5c06\u5728\u5e02\u573a\u4e0a\u4ea4\u6613\u8f6c\u8ba9\uff0c\u5176\u7ea2\u5229\u4ee5\u73b0\u91d1\u53d1\u653e\uff0c\u5e0c\u671b\u518d\u6295\u8d44\u7684\u6295\u8d44\u8005\u53ea\u80fd\u901a\u8fc7\u4e8c\u7ea7\u5e02\u573a\u4ece\u5176\u4ed6\u6295\u8d44\u8005\u624b\u4e2d\u8d2d\u4e70\u66f4\u591a\u4efd\u989d\u3002\u56e0\u6b64\uff0c\u5c3d\u7ba1\u4ee5\u51c0\u503c\u8ba1\u7b97\u51fa\u7684\u5c01\u95ed\u5f0f\u57fa\u91d1\u7684\u8d44\u4ea7\u89c4\u6a21\u4f1a\u6bcf\u65e5\u53d8\u52a8\uff0c\u4f46\u662f\u5176\u4efd\u989d\u89c4\u6a21\u5c06\u5728\u5c01\u95ed\u671f\u5185\u4fdd\u6301\u4e0d\u53d8\u3002\u53cd\u89c2\u5f00\u653e\u5f0f\u57fa\u91d1\uff0c\u6295\u8d44\u8005\u53ef\u4ee5\u5728\u6bcf\u4e2a\u5f00\u653e\u65e5\u5411\u57fa\u91d1\u7533\u8bf7\u7533\u8d2d\u6216\u8005\u8d4e\u56de\u57fa\u91d1\u5355\u4f4d\uff0c\u56e0\u6b64\u65e0\u8bba\u662f\u4ee5\u51c0\u503c\u8fd8\u662f\u4ee5\u4efd\u989d\u8ba1\u7b97\uff0c\u5f00\u653e\u5f0f\u57fa\u91d1\u5728\u4e0d\u540c\u5f00\u653e\u65e5\u7684\u89c4\u6a21\u53ef\u80fd\u5b8c\u5168\u4e0d\u540c\u3002<\/p>\n

\uff083\uff09\u4ea4\u6613\u65b9\u5f0f\u4e0d\u540c\u3002\u9664\u4e86\u57fa\u91d1\u6210\u7acb\u65f6\u7684\u521d\u59cb\u8ba4\u8d2d\u4ee5\u5916\uff0c\u5c01\u95ed\u5f0f\u57fa\u91d1\u5747\u5728\u4ea4\u6613\u6240\u4e0a\u5e02\u4ea4\u6613\uff0c\u56e0\u6b64\u6295\u8d44\u8005\u9700\u8981\u50cf\u4e70\u5356\u80a1\u7968\u4e00\u6837\u6765\u4ea4\u6613\u5b83\u4eec\uff1b\u4e0d\u5305\u62ecETF\u548cLOF\u7684\u5176\u4ed6\u5f00\u653e\u5f0f\u57fa\u91d1\u901a\u5e38\u4e0d\u4e0a\u5e02\uff0c\u6295\u8d44\u8005\u6295\u8d44\u65f6\u7528\u73b0\u91d1\u76f4\u63a5\u4ece\u57fa\u91d1\u90a3\u91cc\u4e70\u8fdb\u4efd\u989d\uff0c\u5373\u8ba4\u8d2d\u6216\u7533\u8d2d\u57fa\u91d1\u4efd\u989d\u4ea4\u6613\uff0c\u5957\u73b0\u65f6\u76f4\u63a5\u5c06\u57fa\u91d1\u4efd\u989d\u8fd8\u7ed9\u57fa\u91d1\u6362\u6210\u73b0\u91d1\uff0c\u5373\u8d4e\u56de\u57fa\u91d1\u4efd\u989d\u4ea4\u6613\u3002<\/p>\n

\uff084\uff09\u4ea4\u6613\u4ef7\u683c\u751f\u6210\u673a\u5236\u4e0d\u540c\u3002\u5c01\u95ed\u5f0f\u57fa\u91d1\u7684\u4ef7\u683c\u7531\u8bc1\u5238\u4ea4\u6613\u6240\u5bf9\u6295\u8d44\u8005\u7684\u53eb\u4e70\u4ef7\u548c\u53eb\u5356\u4ef7\u8fdb\u884c\u64ae\u5408\u540e\u786e\u5b9a\uff0c\u56e0\u6b64\u5176\u4ef7\u683c\u7531\u5e02\u573a\u7684\u9700\u6c42\u51b3\u5b9a\uff0c\u5e76\u6709\u53ef\u80fd\u4f4e\u4e8e\u3001\u7b49\u4e8e\u6216\u8005\u5927\u4e8e\u57fa\u91d1\u4efd\u989d\u7684\u51c0\u503c\uff1b\u800c\u6295\u8d44\u8005\u7533\u8d2d\u6216\u8005\u8d4e\u56de\u7684\u5f00\u653e\u5f0f\u57fa\u91d1\u7684\u4ef7\u683c\u5219\u7b49\u540c\u4e8e\u4ee5\u6295\u8d44\u7ec4\u5408\u8bc1\u5238\u7684\u5f53\u65e5\u6536\u5e02\u4ef7\u683c\u8ba1\u7b97\u51fa\u7684\u57fa\u91d1\u51c0\u503c\u3002\u6240\u4ee5\u4e0d\u96be\u770b\u51fa\uff0c\u5728\u6bcf\u4e00\u4ea4\u6613\u65e5\u91cc\uff0c\u5c01\u95ed\u5f0f\u57fa\u91d1\u7684\u4ea4\u6613\u4ef7\u683c\u662f\u8fde\u7eed\u53d8\u52a8\u7684\uff0c\u800c\u5f00\u653e\u5f0f\u57fa\u91d1\u7684\u4ef7\u683c\u5219\u662f\u552f\u4e00\u7684\u3002<\/p>\n

\uff085\uff09\u4ea4\u6613\u65f6\u95f4\u4e0d\u540c\u3002\u5c01\u95ed\u5f0f\u57fa\u91d1\u7684\u4ea4\u6613\u65f6\u95f4\u540c\u4ea4\u6613\u6240\u7684\u4ea4\u6613\u65e5\u65f6\u95f4\u89c4\u5b9a\u4e00\u81f4\uff0c\u5728\u6b64\u65f6\u95f4\u91cc\u6295\u8d44\u8005\u53ef\u4ee5\u968f\u65f6\u4e70\u8fdb\u6216\u8005\u5356\u51fa\u57fa\u91d1\u4efd\u989d\uff08\u53d7T\uff0b1\u56de\u8f6c\u4ea4\u6613\u9650\u5236\uff09\uff0c\u8fd9\u5c31\u662f\u6240\u8c13\u7684\u5c01\u95ed\u5f0f\u57fa\u91d1\u7684\u8fde\u7eed\u4ea4\u6613\u7279\u5f81\uff1b\u5c3d\u7ba1\u5f00\u653e\u5f0f\u57fa\u91d1\u7684\u6295\u8d44\u8005\u53ef\u4ee5\u5728\u7533\u8d2d\u8d4e\u56de\u5f00\u653e\u65e5\u7684\u4efb\u4f55\u4ea4\u6613\u65f6\u95f4\u4e0b\u8fbe\u6307\u4ee4\uff0c\u4f46\u662f\u6240\u6709\u7684\u4ea4\u6613\u6307\u4ee4\u5747\u5728\u4ea4\u6613\u6240\u6536\u5e02\u4ee5\u540e\u6309\u57fa\u91d1\u51c0\u503c\u8fd9\u4e00\u4e2a\u4ef7\u683c\u6210\u4ea4\u3002<\/p>\n

\uff086\uff09\u4ea4\u6613\u6210\u672c\u4e0d\u540c\u3002\u5c01\u95ed\u5f0f\u57fa\u91d1\u7684\u4ea4\u6613\u624b\u7eed\u8d39\u7531\u6bcf\u4e00\u5bb6\u8bc1\u5238\u5546\u7684\u4f63\u91d1\u6807\u51c6\u51b3\u5b9a\uff1b\u800c\u5f00\u653e\u5f0f\u57fa\u91d1\u7684\u6700\u9ad8\u8ba4\u8d2d\u3001\u7533\u8d2d\u6216\u8005\u8d4e\u56de\u624b\u7eed\u8d39\u7531\u57fa\u91d1\u5408\u540c\u4e8b\u5148\u7ea6\u5b9a\u3002<\/p>\n

\u95ee\uff1a\u8bc1\u5238\u6295\u8d44\u57fa\u91d1\u54ea\u4e9b\u4fe1\u606f\u62ab\u9732\u6587\u4ef6\u503c\u5f97\u6295\u8d44\u8005\u5173\u6ce8\uff1f<\/strong><\/p>\n

\u7b54\uff1a<\/b>\u6839\u636e\u300a\u57fa\u91d1\u6cd5\u300b\u548c\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u300a\u8bc1\u5238\u6295\u8d44\u57fa\u91d1\u4fe1\u606f\u62ab\u9732\u7ba1\u7406\u529e\u6cd5\u300b\uff0c\u6211\u56fd\u7684\u8bc1\u5238\u6295\u8d44\u57fa\u91d1\u9700\u8981\u5728\u4e00\u5b9a\u7684\u65f6\u9650\u91cc\u5411\u6295\u8d44\u8005\u62ab\u9732\u5b9a\u671f\u516c\u544a\u548c\u975e\u5b9a\u671f\u516c\u544a\u4e24\u5927\u7c7b\u4fe1\u606f\u3002\u5bf9\u4e8e\u6295\u8d44\u8005\u6765\u8bf4\uff0c\u6240\u6709\u7684\u516c\u544a\u90fd\u662f\u91cd\u8981\u7684\uff0c\u4f46\u662f\uff0c\u8981\u6c42\u6295\u8d44\u77e5\u8bc6\u3001\u65f6\u95f4\u548c\u7cbe\u529b\u90fd\u6709\u9650\u7684\u6295\u8d44\u8005\u6d88\u5316\u5438\u6536\u6240\u6709\u7684\u516c\u544a\u4fe1\u606f\u663e\u7136\u662f\u4e0d\u73b0\u5b9e\u7684\u3002\u4ee5\u4e0b\u975e\u5b9a\u671f\u516c\u544a\u9700\u8981\u6295\u8d44\u8005\u7279\u522b\u6ce8\u610f\uff1a<\/p>\n

\uff081\uff09\u300a\u57fa\u91d1\u62db\u52df\u8bf4\u660e\u4e66\u300b\u53ca\u5176\u66f4\u65b0\u7248\u672c\uff0c\u5c24\u5176\u662f\u5176\u4e2d\u5173\u4e8e\u57fa\u91d1\u7684\u5173\u8054\u5404\u65b9\u3001\u8fd0\u4f5c\u65b9\u5f0f\u3001\u6210\u672c\u8d39\u7387\u3001\u6295\u8d44\u76ee\u6807\u3001\u6295\u8d44\u7b56\u7565\u3001\u6295\u8d44\u8303\u56f4\u3001\u5206\u7ea2\u653f\u7b56\u7b49\u5173\u952e\u4fe1\u606f\u3002<\/p>\n

\uff082\uff09\u4efd\u989d\u6301\u6709\u4eba\u5927\u4f1a\u53ec\u96c6\u516c\u544a\u53ca\u51b3\u8bae\u516c\u544a\u3002\u8be5\u7c7b\u516c\u544a\u901a\u5e38\u610f\u5473\u7740\u57fa\u91d1\u5728\u672c\u8d28\u4e0a\u53d1\u751f\u4e86\u53d8\u5316\u3002<\/p>\n

\uff083\uff09\u57fa\u91d1\u6709\u5173\u66f4\u6362\u57fa\u91d1\u7ecf\u7406\u7684\u516c\u544a\uff0c\u7279\u522b\u662f\u57fa\u91d1\u7ecf\u7406\u53d8\u52a8\u7684\u539f\u56e0\u4ee5\u53ca\u5bf9\u65b0\u57fa\u91d1\u7ecf\u7406\u7684\u4ecb\u7ecd\u90e8\u5206\u3002<\/p>\n

\uff084\uff09\u57fa\u91d1\u7684\u5206\u7ea2\u516c\u544a\uff0c\u5c24\u5176\u662f\u6709\u5173\u9664\u606f\u548c\u7ea2\u5229\u518d\u6295\u8d44\u7684\u65e5\u671f\u53ca\u9650\u5236\u7b49\u3002
\n\u81f3\u4e8e\u5b63\u5ea6\u3001\u534a\u5e74\u53ca\u5e74\u5ea6\u7b49\u5b9a\u671f\u62a5\u544a\uff0c\u6295\u8d44\u8005\u4e3b\u8981\u9700\u8981\u7559\u610f\u5176\u4e2d\u6709\u5173\u6295\u8d44\u7ec4\u5408\u7684\u53d8\u52a8\u4ee5\u53ca\u57fa\u91d1\u7ecf\u7406\u6709\u5173\u6295\u8d44\u7ee9\u6548\u7684\u5f52\u56e0\u5206\u6790\u548c\u5bf9\u672a\u6765\u7684\u5c55\u671b\u90e8\u5206\u3002<\/p>\n

\u95ee\uff1a\u4ec0\u4e48\u662f\u57fa\u91d1\u7684\u5355\u4f4d\u51c0\u503c\u548c\u5355\u4f4d\u7d2f\u8ba1\u51c0\u503c\uff1f<\/strong><\/p>\n

\u7b54\uff1a<\/b>\u57fa\u91d1\u7684\u51c0\u503c\u662f\u6307\u6295\u8d44\u8005\u6240\u6301\u6709\u57fa\u91d1\u5185\u5728\u4ef7\u503c\uff0c\u5176\u8ba1\u7b97\u65b9\u6cd5\u4e3a\uff1a\u7528\u6536\u5e02\u4ef7\uff08\u5c01\u95ed\u5f0f\u57fa\u91d1\u7528\u5e73\u5747\u4ef7\uff09\u8861\u91cf\u7684\u6295\u8d44\u7ec4\u5408\u4e2d\u6240\u6709\u8bc1\u5238\u7684\u4ef7\u503c\u4e4b\u548c\u51cf\u53bb\u57fa\u91d1\u5e94\u4ed8\u7684\u7ba1\u7406\u8d39\u7b49\u8d1f\u503a\u7684\u4f59\u503c\u3002\u7528\u57fa\u91d1\u7684\u603b\u51c0\u503c\u518d\u9664\u4ee5\u57fa\u91d1\u4efd\u989d\u603b\u6570\u5c31\u53ef\u5f97\u5230\u57fa\u91d1\u7684\u5355\u4f4d\u51c0\u503c\u3002\u57fa\u91d1\u5355\u4f4d\u51c0\u503c\u7684\u8ba1\u7b97\u516c\u5f0f\u4e3a\uff1a<\/p>\n

\u5355\u4f4d\u51c0\u503c =\uff08\u57fa\u91d1\u603b\u8d44\u4ea7 \u2013 \u57fa\u91d1\u603b\u8d1f\u503a\uff09\/ \u57fa\u91d1\u4efd\u989d\u603b\u6570<\/p>\n

\u57fa\u91d1\u7684\u5355\u4f4d\u7d2f\u8ba1\u51c0\u503c\u662f\u5f53\u524d\u5355\u4f4d\u51c0\u503c\u548c\u6240\u6709\u5386\u53f2\u5355\u4f4d\u7ea2\u5229\u76f8\u52a0\u540e\u7684\u603b\u548c\u3002\u57fa\u91d1\u5355\u4f4d\u7d2f\u8ba1\u51c0\u503c\u7684\u8ba1\u7b97\u516c\u5f0f\u4e3a\uff1a<\/p>\n

\u5355\u4f4d\u7d2f\u8ba1\u51c0\u503c = \u5f53\u524d\u57fa\u91d1\u5355\u4f4d\u51c0\u503c + \u6bcf\u5355\u4f4d\u57fa\u91d1\u7d2f\u8ba1\u5206\u7ea2<\/p>\n

\u95ee\uff1a\u4ec0\u4e48\u662f\u57fa\u91d1\u7684\u5355\u4f4d\u51c0\u503c\u589e\u957f\u7387\u548c\u7d2f\u8ba1\u51c0\u503c\u589e\u957f\u7387\uff1f<\/strong><\/p>\n

\u7b54\uff1a<\/b>\u57fa\u91d1\u7684\u5355\u4f4d\u51c0\u503c\u589e\u957f\u7387\u662f\u6307\u67d0\u4e00\u65f6\u95f4\u6bb5\u91cc\u57fa\u91d1\u7684\u671f\u672b\u5355\u4f4d\u51c0\u503c\u76f8\u5bf9\u4e8e\u671f\u521d\u5355\u4f4d\u51c0\u503c\u7684\u589e\u957f\u5e45\u5ea6\u3002\u6839\u636e\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u7684\u6709\u5173\u89c4\u5b9a\uff0c\u57fa\u91d1\u7684\u5355\u4f4d\u51c0\u503c\u589e\u957f\u7387\u8ba1\u7b97\u516c\u5f0f\u4e3a\uff1a<\/p>\n

\u672c\u671f\u5355\u4f4d\u57fa\u91d1\u51c0\u503c\u589e\u957f\u7387 =\uff08\u672c\u671f\u7b2c\u4e00\u6b21\u5206\u7ea2\u6216\u6269\u52df\u524d\u5355\u4f4d\u57fa\u91d1\u8d44\u4ea7\u51c0\u503c\u00f7\u671f\u521d\u5355\u4f4d\u57fa\u91d1\u8d44\u4ea7\u51c0\u503c\uff09\u00d7\uff08\u672c\u671f\u7b2c\u4e8c\u6b21\u5206\u7ea2\u6216\u6269\u52df\u524d\u5355\u4f4d\u57fa\u91d1\u8d44\u4ea7\u51c0\u503c\u00f7\u672c\u671f\u7b2c\u4e00\u6b21\u5206\u7ea2\u6216\u6269\u52df\u540e\u5355\u4f4d\u57fa\u91d1\u8d44\u4ea7\u51c0\u503c\uff09\u00d7\u2026\u2026 \u00d7\uff08\u671f\u672b\u5355\u4f4d\u57fa\u91d1\u8d44\u4ea7\u51c0\u503c\u00f7\u672c\u671f\u6700\u540e\u4e00\u6b21\u5206\u7ea2\u6216\u6269\u52df\u540e\u5355\u4f4d\u57fa\u91d1\u8d44\u4ea7\u51c0\u503c\uff09\uff0d1<\/p>\n

\u5176\u4e2d\uff1a<\/div>\n
\uff081\uff09\u5206\u7ea2\u524d\u5355\u4f4d\u57fa\u91d1\u8d44\u4ea7\u51c0\u503c\u6309\u9664\u606f\u65e5\u524d\u4e00\u4ea4\u6613\u65e5\u7684\u5355\u4f4d\u57fa\u91d1\u8d44\u4ea7\u51c0\u503c\u8ba1\u7b97<\/div>\n
\uff082\uff09\u5206\u7ea2\u540e\u5355\u4f4d\u57fa\u91d1\u8d44\u4ea7\u51c0\u503c = \u5206\u7ea2\u524d\u5355\u4f4d\u57fa\u91d1\u8d44\u4ea7\u51c0\u503c\uff0d\u5355\u4f4d\u5206\u7ea2\u91d1\u989d<\/div>\n
\uff083\uff09\u6269\u52df\u524d\u5355\u4f4d\u57fa\u91d1\u8d44\u4ea7\u51c0\u503c = \u5b9e\u6536\u57fa\u91d1\u9664\u6743\u65e5\u524d\u4e00\u4ea4\u6613\u65e5\u57fa\u91d1\u8d44\u4ea7\u51c0\u503c\u00f7\u6269\u52df\u524d\u57fa\u91d1\u603b\u4efd\u989d<\/div>\n
\uff084\uff09\u6269\u52df\u540e\u5355\u4f4d\u57fa\u91d1\u8d44\u4ea7\u51c0\u503c =\uff08\u5b9e\u6536\u57fa\u91d1\u9664\u6743\u65e5\u524d\u4e00\u4ea4\u6613\u65e5\u57fa\u91d1\u8d44\u4ea7\u51c0\u503c + \u6269\u52df\u91d1\u989d +\u6269\u52df\u671f\u95f4\u51bb\u7ed3\u5229\u606f + \u6269\u52df\u8d39\u7ed3\u4f59\uff09\u00f7 \u6269\u52df\u540e\u57fa\u91d1\u603b\u4efd\u989d<\/div>\n\uff085\uff09\u7b97\u671f\u5185\u6210\u7acb\u57fa\u91d1\u7684\u671f\u521d\u5355\u4f4d\u57fa\u91d1\u8d44\u4ea7\u51c0\u503c\uff1d\uff08\u6210\u7acb\u65e5\u5b9e\u6536\u57fa\u91d1 + \u672a\u6298\u4e3a\u57fa\u91d1\u4efd\u989d\u7684\u53d1\u884c\u671f\u95f4\u51bb\u7ed3\u5229\u606f + \u5c01\u95ed\u5f0f\u57fa\u91d1\u7684\u53d1\u884c\u8d39\u7ed3\u4f59\uff09\u00f7 \u6210\u7acb\u65e5\u57fa\u91d1\u5355\u4f4d\u603b\u4efd\u989d<\/p>\n

\u57fa\u91d1\u7d2f\u8ba1\u51c0\u503c\u589e\u957f\u7387\u662f\u6307\u7efc\u5408\u8003\u8651\u4e0d\u540c\u5e74\u4efd\u7684\u57fa\u91d1\u51c0\u503c\u589e\u957f\u7387\u7684\u590d\u5408\u589e\u957f\u7387\u3002\u6839\u636e\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u7684\u6709\u5173\u89c4\u5b9a\uff0c\u5355\u4f4d\u57fa\u91d1\u7d2f\u8ba1\u51c0\u503c\u589e\u957f\u7387\u7684\u8ba1\u7b97\u516c\u5f0f\u4e3a\uff1a<\/p>\n

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<\/p>\n

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Read More<\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.jsvest.com.cn\/index.php?rest_route=\/wp\/v2\/posts\/4038"}],"collection":[{"href":"http:\/\/www.jsvest.com.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.jsvest.com.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.jsvest.com.cn\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"http:\/\/www.jsvest.com.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4038"}],"version-history":[{"count":1,"href":"http:\/\/www.jsvest.com.cn\/index.php?rest_route=\/wp\/v2\/posts\/4038\/revisions"}],"predecessor-version":[{"id":4042,"href":"http:\/\/www.jsvest.com.cn\/index.php?rest_route=\/wp\/v2\/posts\/4038\/revisions\/4042"}],"wp:attachment":[{"href":"http:\/\/www.jsvest.com.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.jsvest.com.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4038"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.jsvest.com.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}