{"id":7292,"date":"2022-09-13T07:32:13","date_gmt":"2022-09-12T23:32:13","guid":{"rendered":"https:\/\/&#x51ef;&#x6377;&#x4f53;&#x80b2;&#x5a31;&#x4e50;\/femba\/?p=7292"},"modified":"2022-09-13T07:32:13","modified_gmt":"2022-09-12T23:32:13","slug":"%e6%9c%b1%e8%95%be%ef%bc%9a%e9%87%91%e8%9e%8d%e7%95%8c%e7%9a%84%e5%a5%b9%e5%8a%9b%e9%87%8f","status":"publish","type":"post","link":"https:\/\/&#x51ef;&#x6377;&#x4f53;&#x80b2;&#x5a31;&#x4e50;\/femba\/7292\/","title":{"rendered":"\u6731\u857e\uff1a\u91d1\u878d\u754c\u7684\u201c\u5979\u529b\u91cf\u201d"},"content":{"rendered":"\n<section data-role=\"outer\" class=\"article135\" label=\"edit by 135editor\"><hr style=\"border-style: solid;border-width: 1px 0 0;border-color: rgba(0,0,0,0.1);-webkit-transform-origin: 0 0;transform-origin: 0 0;transform: scale(1, 0.5);-webkit-transform: scale(1, 0.5);-moz-transform: scale(1, 0.5);-ms-transform: scale(1, 0.5);-o-transform: scale(1, 0.5);\"><p style=\"text-align:center;line-height: 1.75em;margin: 15px 8px;\" align=\"center\"><span style=\"color: rgb(136, 136, 136); font-size: 14px; letter-spacing: 1px; caret-color: red; font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;\">\u5973\u6027\u6295\u8d44\u4eba\u4e3a\u4f55\u80fd\u5e26\u6765\u8d85\u989d\u6536\u76ca\uff1f\u5973\u6027\u9ad8\u7ba1\u7684\u80fd\u91cf\u4f55\u5728\uff1f\u5728\u201c\u5979\u7ecf\u6d4e\u201d\u548c\u666e\u60e0\u91d1\u878d\u7684\u53cc\u91cd\u52a0\u6301\u4e0b\uff0c\u5973\u6027\u9700\u8981\u4ec0\u4e48\u6837\u7684\u91d1\u878d\u4ea7\u54c1\uff1f<\/span><\/p><hr style=\"border-style: solid;border-width: 1px 0 0;border-color: rgba(0,0,0,0.1);-webkit-transform-origin: 0 0;transform-origin: 0 0;transform: scale(1, 0.5);-webkit-transform: scale(1, 0.5);-moz-transform: scale(1, 0.5);-ms-transform: scale(1, 0.5);-o-transform: scale(1, 0.5);\"><section class=\"_135editor\" data-tools=\"135\u7f16\u8f91\u5668\" data-id=\"100661\"><section style=\"margin: 10px auto;text-align: center;\" class=\"\"><section style=\"display: flex;justify-content: center;align-items: center;\" class=\"\"><section class=\"assistant\" style=\"height: 2px; flex: 1 1 0%; background: rgb(192, 80, 77); overflow: hidden;\"><\/section><section style=\"box-sizing:border-box;width: 100px;height: 100px;border-radius: 100%;border: 2px solid #c0504d;padding: 3px;\"><img decoding=\"async\" style=\"max-width: 100% !important;box-sizing:border-box;vertical-align:inherit;width: 100%;display: block;border-radius: 100%;\" src=\"https:\/\/bcn.135editor.com\/files\/users\/1238\/12381243\/202209\/hgCbSCeB_POgu.jpg\" data-width=\"100%\" draggable=\"false\"><\/section><section class=\"assistant\" style=\"height: 2px; flex: 1 1 0%; background: rgb(192, 80, 77); overflow: hidden;\"><\/section><\/section><section class=\"135brush\" data-brushtype=\"text\" style=\"font-size: 16px;letter-spacing: 1.5px;padding: 4px 1em;color: #fff;background: #c0504d;display: inline-block;border-radius: 5px;margin-top: 1em;\"><strong>\u6731\u857e<\/strong><\/section><section class=\"135brush\" data-brushtype=\"text\" style=\"font-size: 14px; letter-spacing: 1.5px; padding: 10px 1em; color: rgb(51, 51, 51); box-sizing: border-box;\"><strong>\u590d\u65e6\u6cdb\u6d77\u56fd\u91d1\u4f1a\u8ba1\u5b66\u526f\u6559\u6388\uff08\u7ec8\u8eab\u6559\u804c\uff09<\/strong><\/section><section data-autoskip=\"1\" class=\"135brush\" style=\"text-align: center;line-height:1.75em;letter-spacing: 1.5px;font-size:14px;color:#333;\"><p style=\"max-inline-size: 100%; margin: 0px 8px; padding: 0px; clear: both; min-height: 1em; cursor: text; color: rgb(0, 0, 0); font-size: 17px; caret-color: rgb(255, 0, 0); text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; outline: none 0px !important; font-family: \u5fae\u8f6f\u96c5\u9ed1, &quot;Microsoft YaHei&quot;, sans-serif;\"><span style=\"max-inline-size: 100%; margin: 0px; padding: 0px; box-sizing: border-box !important; overflow-wrap: break-word !important; outline: none 0px !important; cursor: text; font-size: 14px; color: #595959;\">\u6731\u857e\u6559\u63882009\u5e74\u83b7\u5f97\u54e5\u4f26\u6bd4\u4e9a\u5927\u5b66\u54e5\u4f26\u6bd4\u4e9a\u5546\u5b66\u9662\u4f1a\u8ba1\u5b66\u535a\u58eb\u5b66\u4f4d\uff0c2001\u5e74\u83b7\u5f97\u6ce2\u58eb\u987f\u5927\u5b66\u91d1\u878d\u5b66\u7855\u58eb\u5b66\u4f4d\u3002\u7814\u7a76\u6d89\u53ca\u7406\u8bba\u548c\u5b9e\u8bc1\u516c\u53f8\u91d1\u878d\u3001\u6536\u8d2d\u548c\u517c\u5e76\uff0c\u4e0e\u91d1\u878d\u5e02\u573a\u76f8\u5173\u7684\u6cd5\u5f8b\u53ca\u76d1\u7ba1\u4f53\u7cfb\u7814\u7a76\uff0c\u80a1\u7968\u5e02\u573a\u6709\u6548\u6027\u7b49\u9886\u57df\u3002<\/span><\/p><p style=\"max-inline-size: 100%; margin: 0px 8px; padding: 0px; clear: both; min-height: 1em; cursor: text; color: rgb(0, 0, 0); font-size: 17px; caret-color: rgb(255, 0, 0); text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; outline: none 0px !important; font-family: \u5fae\u8f6f\u96c5\u9ed1, &quot;Microsoft YaHei&quot;, sans-serif;\"><br><\/p><section class=\"_135editor\" data-role=\"splitline\" data-tools=\"135\u7f16\u8f91\u5668\" data-id=\"103116\"><section style=\"margin: 10px auto; text-align: center; padding-bottom: 5px; box-sizing: border-box;\"><section style=\"display: flex;justify-content: center;align-items: center;\" hm_fix=\"402:367\"><section class=\"assistant\" style=\"height: 1px; background: rgb(227, 185, 138); flex: 1 1 0%; align-self: flex-end; margin-bottom: -5px; overflow: hidden;\"><\/section><section class=\"assistant\" style=\"box-sizing: border-box; height: 6px; width: 6px; border-radius: 100%; border: 1px solid rgb(227, 185, 138); overflow: hidden;\"><\/section><section class=\"assistant\" style=\"box-sizing: border-box; height: 6px; width: 6px; border-radius: 100%; border: 1px solid rgb(227, 185, 138); margin-left: 4px; overflow: hidden;\"><\/section><section class=\"assistant\" style=\"height: 1px; background: rgb(227, 185, 138); flex: 1 1 0%; align-self: flex-end; margin-bottom: -5px; overflow: hidden;\"><\/section><\/section><\/section><\/section><p style=\"max-inline-size: 100%; margin: 0px 8px; padding: 0px; clear: both; min-height: 1em; cursor: text; color: rgb(0, 0, 0); font-size: 17px; caret-color: rgb(255, 0, 0); text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; outline: none 0px !important; font-family: \u5fae\u8f6f\u96c5\u9ed1, &quot;Microsoft YaHei&quot;, sans-serif;\"><span style=\"max-inline-size: 100%; margin: 0px; padding: 0px; box-sizing: border-box !important; overflow-wrap: break-word !important; outline: none 0px !important; cursor: text; font-size: 14px; color: #595959;\"><\/span><\/p><p style=\"text-align: justify; max-inline-size: 100%; margin: 0px 8px; padding: 0px; clear: both; min-height: 1em; cursor: text; color: rgb(0, 0, 0); font-size: 17px; caret-color: rgb(255, 0, 0); text-decoration-thickness: initial; box-sizing: border-box !important; overflow-wrap: break-word !important; outline: none 0px !important; font-family: \u5fae\u8f6f\u96c5\u9ed1, &quot;Microsoft YaHei&quot;, sans-serif;\" align=\"justify\"><span style=\"caret-color: red; color: #595959; font-size: 14px; letter-spacing: 1px; text-indent: 29px;\">\u5728\u7ecf\u5386\u4e86\u4eba\u53e3\u7ed3\u6784\u3001\u7ecf\u6d4e\u6d3b\u52a8\u4e0e\u79d1\u6280\u591a\u6b21\u957f\u671f\u7684\u53d8\u9769\uff0c\u5168\u7403\u5973\u6027\u6536\u5165\u548c\u8d22\u5bcc\u6b63\u5728\u4ee5\u524d\u6240\u672a\u6709\u7684\u901f\u5ea6\u589e\u957f\u3002\u65b0\u4e00\u4ee3\u5973\u6027\u5448\u73b0\u51fa\u66f4\u9ad8\u7684\u5b66\u5386\u6c34\u5e73\u3001\u66f4\u5f3a\u7684\u804c\u4e1a\u81ea\u4fe1\u4ee5\u53ca\u66f4\u5927\u7684\u4e8b\u4e1a\u8ffd\u6c42\uff0c\u5973\u6027\u5728\u793e\u4f1a\u5404\u4e2a\u9886\u57df\u7684\u529b\u91cf\u4e0d\u53ef\u5ffd\u89c6\u3002\u800c\u5f53\u6211\u4eec\u5c06\u89c6\u89d2\u96c6\u4e2d\u5728\u91d1\u878d\u884c\u4e1a\u65f6\uff0c\u8fd9\u79cd\u201c\u5979\u529b\u91cf\u201d\u4e3b\u8981\u8868\u73b0\u5728\u5973\u6027\u6295\u8d44\u4eba\u7684\u51fa\u8272\u8868\u73b0\u3001\u5973\u6027\u9ad8\u7ba1\u5e26\u6765\u7684\u8d85\u989d\u6536\u76ca\u548c\u4e3a\u5973\u6027\u7814\u5236\u5e76\u5f00\u53d1\u7684\u91d1\u878d\u4ea7\u54c1\u3002<\/span><span style=\"caret-color: red; color: #595959; font-size: 14px; letter-spacing: 1px; text-indent: 29px;\">&nbsp;<\/span><br><\/p><\/section><\/section><\/section><section data-role=\"paragraph\" class=\"_135editor\"><p><br><\/p><\/section><p style=\"text-align:center;margin-left: 48px;margin-right: 48px;margin-bottom: 20px;\" align=\"center\"><img decoding=\"async\" class=\"\" data-backh=\"737\" data-backw=\"556\" data-before-oversubscription-url=\"https:\/\/mmbiz.qpic.cn\/mmbiz_jpg\/yibQvxUGaHWyibtW62mykoo4Qm4yokShqics4GicicS6V3Lqm17lGrcnXjZ1Wrs8aUGqL2GpZg8sjubbiargE2Z0mYIA\/0?wx_fmt=jpeg\" data-copyright=\"0\" data-s=\"300,640\" src=\"https:\/\/bcn.135editor.com\/uploadword\/12381243\/202209\/631fbc86-c0f4-41ed-b04d-310dac10006a.png\" data-type=\"jpeg\" style=\"box-sizing:border-box;vertical-align:inherit;width: 170px;height: 225px;\"><\/p><section class=\"mpa-template\" data-mpa-template-id=\"1612723\" data-mpa-color=\"null\" data-mpa-category=\"\u6536\u85cf\"><p style=\"text-align:center;margin: 15px 8px 5px;clear: both;min-height: 1em;color: rgb(51, 51, 51);font-size: 17px;letter-spacing: 0.544px;line-height: normal;\" align=\"center\"><span style=\"color: #AB1942;letter-spacing: 1px;\"><strong mpa-from-tpl=\"t\"><span style=\"color: #AB1942;font-size: 14px;letter-spacing: 1px;\"><strong mpa-from-tpl=\"t\" mpa-is-content=\"t\">\u5973\u6027\u6295\u8d44\u4eba\u548c\u9ad8\u7ba1\u7684\u201c\u5979\u80fd\u91cf\u201d<\/strong><\/span><\/strong><\/span><\/p><section class=\"\" data-css=\"border-color: initial;border-style: none;border-width: 0px;margin-top: 20px;padding: 0px\" style=\"color: rgb(51, 51, 51); font-size: 17px; text-align: justify; letter-spacing: 0.544px; height: 0px; overflow: hidden;\"><\/section><\/section><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"letter-spacing: 1px;font-size: 14px;color: #595959;\">\u968f\u7740\u73b0\u4ee3\u4fe1\u606f\u6280\u672f\u5728\u91d1\u878d\u4e1a\u7684\u5e7f\u6cdb\u5e94\u7528\u548c\u5973\u6027\u63a5\u53d7\u9ad8\u7b49\u6559\u80b2\u7684\u666e\u53ca\uff0c\u91d1\u878d\u4e1a\u7537\u5973\u4ece\u4e1a\u8005\u6280\u80fd\u4e0a\u7684\u5dee\u5f02\u8d8a\u6765\u8d8a\u5c0f\uff0c\u91d1\u878d\u4e1a\u5df2\u6210\u4e3a\u5973\u6027\u5c31\u4e1a\u7684\u7b2c\u4e09\u5927\u4f18\u52bf\u884c\u4e1a\uff0c\u5973\u6027\u4ece\u4e1a\u8005\u7684\u6bd4\u4f8b\u8d85\u8fc7\u4e00\u534a\u3002\u91d1\u878d\u4e1a\u5973\u6027\u5c31\u4e1a\u7edd\u5bf9\u6570\u867d\u7136\u8d85\u8fc7\u7537\u6027\uff0c\u4f46\u591a\u4ece\u4e8b\u67dc\u5458\u3001\u5ba2\u670d\u3001\u8425\u9500\u7b49\u57fa\u7840\u5de5\u4f5c\uff0c\u800c\u6295\u8d44\u3001\u7814\u53d1\u3001\u5b9a\u4ef7\u3001\u98ce\u63a7\u7b49\u6838\u5fc3\u548c\u5173\u952e\u5c97\u4f4d\u7684\u5973\u6027\u6bd4\u4f8b\u5219\u8f83\u4f4e\u3002\u80a1\u7968\u3001\u5916\u6c47\u3001\u9ec4\u91d1\u4ea4\u6613\u7b49\u91d1\u878d\u6295\u8d44\u9886\u57df\u66f4\u88ab\u8ba4\u4e3a\u662f\u7537\u6027\u6295\u8d44\u4eba\u7eb5\u60c5\u9a70\u9a8b\u7684\u6218\u573a\u548c\u5929\u4e0b\u3002<br><\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u7f3a\u4e4f\u72ec\u7acb\u6027\u548c\u5192\u9669\u7cbe\u795e\u3001\u76f8\u5bf9\u4e3b\u89c2\u3001\u6613\u53d7\u5230\u522b\u4eba\u7684\u5f71\u54cd\u548c\u652f\u914d\u3001\u8f83\u4e3a\u4fdd\u5b88\u548c\u5185\u5411\uff0c\u662f\u793e\u4f1a\u5bf9\u5973\u6027\u6027\u522b\u89d2\u8272\u7684\u523b\u677f\u5316\u5370\u8c61\u3002\u5973\u6027\u8f83\u4e3a\u4fdd\u5b88\u7684\u6295\u8d44\u98ce\u683c\u7684\u786e\u666e\u904d\u5b58\u5728\uff0c\u4f46\u793e\u4f1a\u5927\u4f17\u5f80\u5f80\u5c06\u6295\u8d44\u98ce\u683c\u4e0e\u6295\u8d44\u80fd\u529b\u6df7\u6dc6\uff0c\u9519\u8bef\u5730\u8ba4\u4e3a\u5973\u6027\u4e0d\u9002\u5408\u53c2\u4e0e\u91d1\u878d\u6295\u8d44\u3001\u5973\u6027\u4e13\u4e1a\u6295\u8d44\u4eba\u7684\u6295\u8d44\u80fd\u529b\u4ea6\u4e0d\u5982\u7537\u6027\u3002\u4e8b\u5b9e\u4e0a\uff0c\u56fd\u5185\u5916\u7814\u7a76\u666e\u904d\u8ba4\u4e3a\u7537\u5973\u6295\u8d44\u98ce\u683c\u5b58\u5728\u5dee\u5f02\uff0c\u4f46\u4e1a\u7ee9\u5e76\u65e0\u660e\u663e\u5dee\u5f02\uff0c\u5728\u4e0d\u540c\u7684\u5e02\u573a\u73af\u5883\u4e0b\u5404\u6709\u4f18\u52bf\u3002\u5973\u6027\u9ad8\u7ba1\u5728\u516c\u53f8\u4e2d\u66f4\u52a0\u8c28\u614e\u548c\u4fdd\u5b88\uff0c\u4ece\u800c\u5bf9\u516c\u53f8\u6cbb\u7406\u53ef\u80fd\u8fdb\u884c\u4e25\u683c\u76d1\u7763\u3002<\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u9ec4\u854a\uff082016\uff09\u57fa\u4e8e\u7b2c\u4e09\u5c4a\u65b0\u6d6a\u6295\u987e\u5927\u8d5b\u66a8\u9996\u5c4a\u4e92\u8054\u7f51\u5238\u5546\u7406\u8d22\u5e08\u7cbe\u82f1\u8d5b\u7684\u6240\u6709\u516c\u5f00\u6bd4\u8d5b\u6570\u636e\uff0c\u6bd4\u8f83\u7537\u6027\u4e0e\u5973\u6027\u6295\u8d44\u8005\u7684\u6295\u8d44\u98ce\u683c\u4e0e\u6295\u8d44\u80fd\u529b\u3002\u7ed3\u679c\u663e\u793a\uff0c\u7537\u5973\u9009\u624b\u5728\u6295\u8d44\u5927\u8d5b\u4e2d\u7684\u603b\u6536\u76ca\u662f\u6ca1\u6709\u663e\u8457\u5dee\u5f02\u7684\uff0c\u4f46\u7537\u9009\u624b\u7684\u4ea4\u6613\u9891\u7387\u9ad8\u51fa\u5973\u9009\u624b\u8fd120%\u3002\u8fd9\u8868\u660e\uff0c\u5728\u8bc1\u5238\u6295\u8d44\u9886\u57df\u7537\u5973\u6295\u8d44\u987e\u95ee\u7684\u6295\u8d44\u80fd\u529b\u6ca1\u6709\u663e\u8457\u5dee\u5f02\uff0c\u4f46\u6295\u8d44\u98ce\u683c\u6709\u6240\u4e0d\u540c\uff0c\u6ca1\u6709\u5b70\u4f18\u5b70\u52a3\u3002\u9ad8\u9e64\u7b49\uff082014\uff09\u7684\u76f8\u5173\u7814\u7a76\uff0c\u4e5f\u8868\u660e\u4e2d\u56fd\u516c\u52df\u57fa\u91d1\u7ecf\u7406\u4e2d\u5973\u6027\u6bd4\u7537\u6027\u66f4\u52a0\u5173\u6ce8\u5e02\u573a\u98ce\u9669\uff0c\u6ce8\u610f\u63a7\u5236\u5e02\u573a\u98ce\u9669\u6c34\u5e73\uff0c\u9002\u5408\u5e02\u573a\u98ce\u9669\u6c34\u5e73\u504f\u597d\u8f83\u4f4e\u7684\u6295\u8d44\u8005\u3002\u7f8e\u56fd\u5f97\u5dde\u519c\u5de5\u5927\u5b66\u7684\u4e00\u9879\u884c\u4e3a\u5b66\u91d1\u878d\u5b9e\u9a8c\u7814\u7a76\u7ed3\u679c\u4e5f\u663e\u793a\uff0c\u7537\u6027\u4e3b\u5bfc\u7684\u91d1\u878d\u5e02\u573a\u66f4\u5bb9\u6613\u4ea7\u751f\u6295\u673a\u6027\u6ce1\u6cab\uff0c\u5973\u6027\u4e3b\u5bfc\u7684\u91d1\u878d\u5e02\u573a\u66f4\u52a0\u5065\u5eb7\u548c\u7a33\u5b9a\u3002<\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u66f4\u6709\u8da3\u7684\u662f\uff0c\u7f8e\u56fd\u52a0\u5dde\u5927\u5b66\u7684\u4e24\u4f4d\u91d1\u878d\u6559\u6388Brad Barber\u548cTerrence Odean\u5199\u8fc7\u4e00\u7bc7\u540d\u4e3a\u300a\u7537\u5b69\u5bb9\u6613\u72af\u9519\u300b\uff08<em>Boys Will Be Boys<\/em>\uff09\u7684\u6587\u7ae0\u3002\u4ed6\u4eec\u8003\u5bdf\u4e86\u7f8e\u56fd35000\u4e2a\u5bb6\u5ead\u8de8\u5ea66\u5e74\uff081991-1997\u5e74\uff09\u7684\u80a1\u5e02\u6295\u8d44\u8868\u73b0\uff0c\u540c\u6837\u5f97\u51fa\u7537\u6027\u6295\u8d44\u8005\u6bd4\u5973\u6027\u6295\u8d44\u8005\u66f4\u613f\u610f\u627f\u62c5\u98ce\u9669\u3001\u5df2\u5a5a\u8005\u6bd4\u672a\u5a5a\u8005\u66f4\u503e\u5411\u4e8e\u89c4\u907f\u98ce\u9669\u7684\u7ed3\u8bba\u3002\u66f4\u91cd\u8981\u7684\u662f\uff0c\u4ed6\u4eec\u53d1\u73b0\u7537\u6027\u5728\u80a1\u5e02\u7684\u4ea4\u6613\u9891\u7387\u9ad8\u51fa\u5973\u6027\uff0c\u800c\u4e1a\u7ee9\u8868\u73b0\u53d7\u635f\u66f4\u5927\uff0c\u7279\u522b\u662f\u5355\u8eab\u7537\u6027\u4ea4\u6613\u9891\u7387\u9ad8\u51fa\u5355\u8eab\u5973\u602767%\uff0c\u4f46\u524d\u8005\u7684\u56de\u62a5\u5e73\u5747\u6bcf\u5e74\u4f4e\u4e8e\u540e\u80051.45\u4e2a\u767e\u5206\u70b9\u3002<\/span><\/p><p style=\"text-align:center;margin-left: 8px;margin-right: 8px;\" align=\"center\"><img decoding=\"async\" class=\"\" data-backh=\"354\" data-backw=\"556\" data-before-oversubscription-url=\"https:\/\/mmbiz.qpic.cn\/mmbiz_jpg\/yibQvxUGaHWyibtW62mykoo4Qm4yokShqicbNVxS6MVOSpbpmDFaefkjn7OSibYnSkOtEZybTaZQaYWicR5dCt9CSzg\/0?wx_fmt=jpeg\" data-copyright=\"0\" data-s=\"300,640\" src=\"https:\/\/bcn.135editor.com\/uploadword\/12381243\/202209\/631fbc9e-5dfc-4e97-8c13-3177ac10006a.png\" data-type=\"jpeg\" style=\"max-width: 100% !important;box-sizing:border-box;vertical-align:inherit;width: 100%;height: auto;\"><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">Barber\u548cOdean\u5bf9\u8fd9\u4e00\u53d1\u73b0\u7ed9\u51fa\u7684\u89e3\u91ca\u662f\u7537\u6027\u5728\u91d1\u878d\u6295\u8d44\u9886\u57df\u6bd4\u5973\u6027\u4f53\u73b0\u51fa\u201c\u8fc7\u5ea6\u81ea\u4fe1\u201d\u7684\u884c\u4e3a\u504f\u5dee\uff0c\u4ed6\u4eec\u9ad8\u4f30\u81ea\u5df1\u9009\u80a1\u548c\u62e9\u65f6\u7684\u80fd\u529b\uff0c\u7ecf\u5e38\u4f4e\u4f30\u98ce\u9669\u3002\u8868\u73b0\u51fa\u6765\u7684\u662f\u8fc7\u5ea6\u9891\u7e41\u5730\u4e70\u5165\u5356\u51fa\uff08\u6362\u624b\u7387\u9ad8\uff09\uff0c\u4e0d\u4ec5\u72af\u9519\u8bef\u7684\u53ef\u80fd\u6027\u66f4\u5927\uff0c\u800c\u4e14\u8981\u4ed8\u51fa\u66f4\u9ad8\u7684\u4ea4\u6613\u6210\u672c\u3002<\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u7531\u6b64\u53ef\u4ee5\u770b\u51fa\uff0c\u7531\u4e8e\u5973\u6027\u8f83\u5c11\u9ad8\u4f30\u81ea\u5df1\u7684\u6295\u8d44\u80fd\u529b\uff0c\u5bf9\u98ce\u9669\u7684\u627f\u53d7\u5ea6\u8f83\u4f4e\uff0c\u5979\u4eec\u6784\u9020\u7684\u6295\u8d44\u7ec4\u5408\u7684\u6ce2\u52a8\u7387\u8f83\u4f4e\u3002\u800c\u4e14\uff0c\u76f8\u6bd4\u7537\u6027\uff0c\u5979\u4eec\u66f4\u503e\u5411\u4e8e\u5206\u6563\u5316\u6295\u8d44\uff0c\u5728\u9762\u5bf9\u8ffd\u6da8\u6740\u8dcc\u7684\u60c5\u5f62\u65f6\u5177\u5907\u66f4\u597d\u7684\u81ea\u63a7\u529b\u3002<\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u4ed6\u4eec\u5728\u53e6\u4e00\u9879\u7814\u7a76\u300a\u4ea4\u6613\u4e0d\u5229\u4e8e\u8d22\u5bcc\u589e\u957f\u300b\uff08<em>Trading Is Hazardous to Your Wealth<\/em>\uff09\u4e2d\u6307\u51fa\uff0c\u5bf9\u4e8e\u5bb6\u5ead\u7406\u8d22\u6765\u8bf4\uff0c\u6700\u5927\u7684\u516c\u5bb3\u662f\u201c\u8fc7\u5ea6\u4ea4\u6613\u201d\u3002\u901a\u8fc7\u5206\u679066465\u4e2a\u5bb6\u5ead\uff0c\u4ed6\u4eec\u53d1\u73b0\u5e74\u4ea4\u6613\u91cf\u8d8a\u9ad8\u7684\u6295\u8d44\u8005\u7684\u5b9e\u9645\u6295\u8d44\u6536\u76ca\u8d8a\u4f4e\uff0c\u4ea4\u6613\u6700\u9891\u7e41\u7684\u4e00\u6279\u6295\u8d44\u8005\u6536\u76ca\u7387\u6bd4\u5e02\u573a\u4f4e6\u4e2a\u767e\u5206\u70b9\u3002\u4ed6\u4eec\u4e3b\u8981\u6295\u8d44\u5728\u6ce2\u52a8\u7387\u5927\u7684\u5c0f\u516c\u53f8\u80a1, \u5e76\u6bcf\u5e74\u5c06\u5176\u6295\u8d44\u7ec4\u5408\u8c03\u657475%\u3002\u4ea4\u6613\u6700\u9891\u7e41\u7684\u6295\u8d44\u8005\u66f4\u559c\u6b22\u5192\u98ce\u9669\uff0c\u540c\u65f6\u4e5f\u5bb9\u6613\u5ffd\u7565\u4ea4\u6613\u6210\u672c\u3002\u8fd9\u4e5f\u662f\u5176\u6295\u8d44\u6536\u76ca\u4f4e\u4e8e\u6b63\u5e38\u6c34\u5e73\u7684\u4e24\u5927\u539f\u56e0\u3002<\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u8fd9\u4e00\u53d1\u73b0\u5f88\u91cd\u8981\uff0c\u56e0\u4e3a\u5728\u5df2\u5a5a\u5bb6\u5ead\uff0c\u867d\u7136\u8d26\u6237\u6240\u6709\u4eba\u662f\u4e08\u592b\uff08\u59bb\u5b50\uff09\uff0c\u4f46\u5b9e\u9645\u7ba1\u7406\u548c\u4ea4\u6613\u4eba\u5374\u53ef\u80fd\u662f\u59bb\u5b50\uff08\u4e08\u592b\uff09\u3002\u6839\u636e\u8fd9\u7bc7\u6587\u7ae0\u7684\u5206\u6790\u6765\u770b\uff0c\u5982\u679c\u5728\u4e00\u4e2a\u5bb6\u5ead\u91cc\u9762\u9009\u62e9\u5176\u4e2d\u4e00\u4eba\u4ea4\u6613\uff0c\u90a3\u4e48\u9009\u62e9\u5973\u6027\u53ef\u4ee5\u8ba9\u5bb6\u5ead\u7684\u6240\u6709\u8d44\u4ea7\u90fd\u8f83\u5c11\u5730\u53d7\u5230\u8fc7\u5ea6\u4ea4\u6613\u7684\u5f71\u54cd\u3002<\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u8bf8\u591a\u4e8b\u5b9e\u8bc1\u660e\u5973\u6027\u9886\u5bfc\u8005\u4e0d\u4ec5\u4ec5\u662f\u4f18\u79c0\u7684\u6295\u8d44\u8005\uff0c\u8fd8\u53ef\u80fd\u4e3a\u516c\u53f8\u80a1\u4e1c\u521b\u9020\u51fa\u66f4\u591a\u7684\u4ef7\u503c\u3002MSCI\u57282015\u5e7411\u6708\u53d1\u5e03\u7684\u4e00\u9879\u7814\u7a76\u663e\u793a\uff1aMSCI\u5168\u7403\u6307\u6570\u91cc\u62e5\u6709\u201c\u5973\u6027\u9886\u5bfc\u529b\u201d\u7684\u516c\u53f8\u57282009\u5e7412\u6708-2015\u5e748\u6708\u7684\u6bcf\u5e74\u5e73\u5747\u8d44\u672c\u56de\u62a5\u7387\u4e3a10.1%\uff0c\u800c\u4e0d\u5177\u5907\u8fd9\u4e9b\u7279\u5f81\u7684\u516c\u53f8\u7684\u6bcf\u5e74\u5e73\u5747\u8d44\u672c\u56de\u62a5\u7387\u4e3a7.4%\u3002<\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u540c\u6837\uff0c2012\u5e74\u745e\u58eb\u4fe1\u8d37\u7684\u7814\u7a76\u62a5\u544a\u53d1\u73b0\uff0c\u8463\u4e8b\u4f1a\u62e5\u6709\u81f3\u5c11\u4e00\u540d\u5973\u6027\u8463\u4e8b\u7684\u516c\u53f8\u80a1\u4ef7\u8868\u73b0\u597d\u8fc7\u5168\u90e8\u7531\u7537\u6027\u7ec4\u6210\u8463\u4e8b\u4f1a\u7684\u516c\u53f8\u80a1\u4ef7\uff0c\u5728\u5e02\u503c\u4f4e\u4e8e100\u4ebf\u7f8e\u5143\u7684\u516c\u53f8\u8868\u73b0\u66f4\u52a0\u660e\u663e\u3002\u4e0d\u4ec5\u5982\u6b64\uff0c\u524d\u8005\u5177\u6709\u66f4\u9ad8\u7684\u5e73\u5747\u8d44\u672c\u56de\u62a5\u7387\u3001\u66f4\u4f4e\u7684\u8d1f\u503a\u7387\u3001\u66f4\u9ad8\u7684\u5e02\u51c0\u7387\u548c\u66f4\u5feb\u7684\u6536\u5165\u589e\u901f\u30022018\u5e74\uff0c\u9ea6\u80af\u9521\u53d1\u5e03\u4e86\u4e00\u4efd\u5bf9\u4e9a\u6d32\u5973\u6027\u7684\u7814\u7a76\u6307\u51fa\uff0c\u9ad8\u7ba1\u56e2\u961f\u4e2d\u5973\u6027\u5360\u6700\u9ad8\u56db\u5206\u4f4d\u7684\u516c\u53f8\uff0cROE\u548cEBIT\u6bd4\u9ad8\u7ba1\u56e2\u961f\u6ca1\u6709\u5973\u6027\u7684\u516c\u53f8\u5206\u522b\u9ad8\u51fa44%\u548c117%\u3002<\/span><\/p><p style=\"text-align:center;margin-left: 8px;margin-right: 8px;\" align=\"center\"><img decoding=\"async\" class=\"\" data-backh=\"370\" data-backw=\"556\" data-before-oversubscription-url=\"https:\/\/mmbiz.qpic.cn\/mmbiz_jpg\/yibQvxUGaHWyibtW62mykoo4Qm4yokShqicoPVWRMSNDUDORY63z36RhNiaWIlib6PpPrJmPzWRXykbF53PrfSg4bqw\/0?wx_fmt=jpeg\" data-copyright=\"0\" data-s=\"300,640\" src=\"https:\/\/bcn.135editor.com\/uploadword\/12381243\/202209\/631fbcac-c650-43b1-9ac0-30ffac10006a.png\" data-type=\"jpeg\" style=\"max-width: 100% !important;box-sizing:border-box;vertical-align:inherit;width: 100%;height: auto;\"><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u9999\u6e2f\u5927\u5b66\u7684\u7814\u7a76\u8005\u901a\u8fc7\u9006\u5411\u8bc1\u660e\u7684\u65b9\u6cd5\uff0c\u53d1\u73b0\u5373\u4f7f\u5728\u9ad8\u6807\u51c6\u7684\u63a7\u5236\u4e0b\uff0c\u56e0\u4e3a\u75be\u75c5\u548c\u610f\u5916\u4e8b\u4ef6\u5bfc\u81f4\u5973\u6027\u8463\u4e8b\u7a81\u7136\u53bb\u4e16\u7684\u516c\u53f8\u80a1\u4ef7\u5728\u77ed\u671f\u548c\u957f\u671f\u7684\u4e0b\u8dcc\u76f8\u5bf9\u4e8e\u7537\u6027\u8463\u4e8b\u7684\u7a81\u7136\u53bb\u4e16\u66f4\u52a0\u660e\u663e\u3002\u4e5f\u5c31\u662f\u8bf4\u5e02\u573a\u8ba4\u4e3a\u5973\u6027\u8463\u4e8b\u80fd\u4e3a\u516c\u53f8\u521b\u9020\u51fa\u66f4\u9ad8\u7684\u4ef7\u503c\u3002&nbsp;<\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u6b64\u5916\uff0c\u674e\u4e16\u521a\uff082013\uff09\u4ee52007-2011\u5e74\u6caa\u6df1\u4ea4\u6613\u6240\u4e0a\u5e02\u7684\u516c\u53f8\u4e3a\u5bf9\u8c61\uff0c\u53d1\u73b0\u4e2d\u56fd\u4f01\u4e1a\u7684\u5973\u6027\u9ad8\u7ba1\u80fd\u591f\u663e\u8457\u5730\u6291\u5236\u4e0a\u5e02\u516c\u53f8\u7684\u8fc7\u5ea6\u6295\u8d44\u884c\u4e3a\uff0c\u800c\u8fc7\u5ea6\u6295\u8d44\u884c\u4e3a\u88ab\u8bc1\u660e\u4f1a\u663e\u8457\u964d\u4f4e\u4e0a\u5e02\u516c\u53f8\u7684\u4f01\u4e1a\u4ef7\u503c\u3002Huang\u548cKisgen\uff082013\uff09\u53d1\u73b0\u7537\u6027\u9ad8\u7ba1\u6bd4\u5973\u6027\u9ad8\u7ba1\u66f4\u52a0\u5bb9\u6613\u8fc7\u5ea6\u81ea\u4fe1\u3002\u7537\u6027\u9ad8\u7ba1\u4f1a\u8fdb\u884c\u66f4\u591a\u7684\u517c\u5e76\u6d3b\u52a8\uff0c\u53d1\u884c\u66f4\u591a\u503a\u52a1\u3002\u800c\u5e02\u573a\u5bf9\u7537\u6027\u9ad8\u7ba1\u53d1\u8d77\u7684\u517c\u5e76\u6d3b\u52a8\u4f3c\u4e4e\u5e76\u4e0d\u50cf\u5bf9\u5973\u6027\u9ad8\u7ba1\u7684\u90a3\u4e48\u770b\u597d\uff0c\u5e02\u573a\u5e73\u5747\u6536\u76ca\u6bd4\u5973\u6027\u9ad8\u7ba1\u6240\u53d1\u8d77\u7684\u517c\u5e76\u4f4e2%\u3002\u5e02\u573a\u5bf9\u7537\u6027\u9ad8\u7ba1\u53d1\u884c\u503a\u52a1\u7684\u53cd\u5e94\u4e5f\u6bd4\u5973\u6027\u9ad8\u7ba1\u7684\u5dee\u3002&nbsp;<\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px 20px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u53e6\u5916\uff0c\u5728\u91d1\u878d\u5371\u673a\u7b49\u7279\u6b8a\u65f6\u671f\uff0c\u7537\u5973\u91d1\u878d\u6216\u5b9e\u4f53\u6295\u8d44\u884c\u4e3a\u4e5f\u5177\u6709\u663e\u8457\u5dee\u5f02\u3002\u7814\u7a76\u666e\u904d\u8ba4\u4e3a\uff0c\u5973\u6027\u5728\u91d1\u878d\u5371\u673a\u4e2d\u6295\u8d44\u66f4\u4e3a\u7a33\u5065\uff0c\u6709\u5229\u4e8e\u5ea6\u8fc7\u5371\u673a\uff0c\u82e5\u5973\u6027\u7ba1\u7406\u4eba\u6bd4\u4f8b\u9ad8\u5219\u6709\u5229\u4e8e\u516c\u53f8\u6cbb\u7406\uff0c\u80fd\u591f\u6291\u5236\u8fc7\u5ea6\u6295\u8d44\u548c\u8fdd\u89c4\u884c\u4e3a\u3002\u56e0\u4e3a\u5973\u6027\u5728\u6295\u8d44\u51b3\u7b56\u65b9\u9762\u901a\u5e38\u6bd4\u8f83\u8c28\u614e\uff0c\u5f88\u5c11\u5c06\u6240\u6709\u7b79\u7801\u653e\u5230\u6709\u9650\u7684\u4e00\u4e24\u4e2a\u6295\u8d44\u9879\u76ee\u4e0a\u3002\u867d\u7136\u5728\u7ecf\u6d4e\u9ad8\u901f\u53d1\u5c55\u7684\u65f6\u4ee3\uff0c\u7f3a\u4e4f\u5192\u9669\u7cbe\u795e\u6216\u8bb8\u662f\u5973\u6027\u7ecf\u7406\u4eba\u7684\u5f31\u70b9\uff0c\u4f46\u9762\u5bf9\u91d1\u878d\u6d77\u5578\u7684\u88ad\u51fb\uff0c\u8fd9\u5374\u6210\u4e3a\u62ef\u6551\u4f01\u4e1a\u7684\u4f18\u52bf\u3002<\/span><\/p><section class=\"mpa-template\" data-mpa-template-id=\"1612723\" data-mpa-color=\"null\" data-mpa-category=\"\u6536\u85cf\"><p style=\"text-align:center;margin: 15px 8px 5px;clear: both;min-height: 1em;color: rgb(51, 51, 51);font-size: 17px;letter-spacing: 0.544px;line-height: normal;\" align=\"center\"><span style=\"color: #AB1942;letter-spacing: 1px;\"><strong mpa-from-tpl=\"t\"><span style=\"color: #AB1942;font-size: 14px;letter-spacing: 1px;\"><strong mpa-from-tpl=\"t\" mpa-is-content=\"t\">\u91ca\u653e\u201c\u5979\u80fd\u91cf\u201d<\/strong><\/span><\/strong><\/span><\/p><section class=\"\" data-css=\"border-color: initial;border-style: none;border-width: 0px;margin-top: 20px;padding: 0px\" style=\"color: rgb(51, 51, 51);font-size: 17px;text-align: justify;letter-spacing: 0.544px;\"><section data-css=\"border-color: initial;border-style: none;border-width: 0px;position: static\" class=\"\"><p style=\"text-align:center;margin: 5px 8px;clear: both;min-height: 1em;line-height: normal;\" align=\"center\"><span style=\"letter-spacing: 1px;\"><strong mpa-from-tpl=\"t\"><\/strong><\/span><\/p><\/section><\/section><\/section><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"letter-spacing: 1px;font-size: 14px;color: #595959;\">\u6b63\u56e0\u4e3a\u5973\u6027\u9ad8\u7ba1\u3001\u5973\u6027\u6295\u8d44\u8005\u80fd\u4e3a\u80a1\u4e1c\u548c\u5bb6\u5ead\u521b\u9020\u66f4\u591a\u4ef7\u503c\uff0c\u201c\u5979\u529b\u91cf\u201d\u6b63\u52bf\u4e0d\u53ef\u6321\u5730\u5728\u91d1\u878d\u884c\u4e1a\u5d1b\u8d77\u3002\u5728\u4e92\u8054\u7f51\u79d1\u6280\u65f6\u4ee3\u80cc\u666f\u4e0b\uff0c\u5973\u6027\u62e5\u6709\u66f4\u591a\u673a\u4f1a\u3002\u5728\u521b\u65b0\u521b\u4e1a\u548c\u8d44\u672c\u9886\u57df\uff0c\u8d8a\u6765\u8d8a\u591a\u7684\u5973\u6027\u9010\u6e10\u5d2d\u9732\u5934\u89d2\uff0c\u95ea\u8000\u5149\u8292\u3002<br><\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u590d\u65e6\u5927\u5b66\u6821\u53cb\u6c6a\u65b0\u82bd\u5728\u770b\u6e05\u4e86\u5916\u8d44\u6295\u884c\u7ade\u4e89\u4f18\u52bf\u4e0d\u518d\u7684\u8d8b\u52bf\u4e4b\u540e\uff0c\u653e\u5f03\u4e86\u745e\u58eb\u4fe1\u8d37\uff08\u9999\u6e2f\uff09\u9996\u5e2d\u4ee3\u8868\u7684\u804c\u4f4d\uff0c\u521b\u7acb\u201c\u7f8e\u4e3d\u5883\u754c\u201d\u57fa\u91d1\u516c\u53f8\uff0c\u4e13\u6ce8\u4e8e\u6295\u8d44\u6b27\u6d32\u201c\u5c0f\u800c\u7f8e\u201d\u7684\u4f01\u4e1a\uff0c\u5e76\u5e2e\u52a9\u5176\u5f15\u5165\u4e2d\u56fd\u5e02\u573a\u3002\u516c\u53f8\u540d\u5b57\u5c31\u6765\u6e90\u4e8e\u5173\u4e8e\u535a\u5f08\u8bba\u5b66\u8005\u7ea6\u7ff0\u00b7\u7eb3\u4ec0\u7684\u8457\u540d\u7535\u5f71<em>Beautiful&nbsp;Mind<\/em>\u3002\u521b\u4e1a\u7684\u5ff5\u5934\u540c\u6837\u6765\u81ea\u5728\u6295\u884c\u65f6\u7684\u5e02\u573a\u89c2\u5bdf\u3002\u5979\u53d1\u73b0\u81ea\u5df1\u6240\u4ee3\u8868\u7684\u94f6\u884c\u8fdb\u884c\u7684\u90fd\u662f\u5927\u989d\u4ea4\u6613\uff0c\u5374\u5728\u4e2d\u5c0f\u578b\u6c11\u8425\u4f01\u4e1a\u8fd9\u4e00\u5757\u5c0f\u4ea4\u6613\u4e0a\u6709\u6240\u7a7a\u7f3a\u3002\u201c\u65f6\u4ee3\u9020\u5c31\u4e86\u673a\u9047\uff0c\u91d1\u878d\u5e02\u573a\u5927\u8d77\u5927\u843d\uff0c\u8981\u505a\u5408\u9002\u7684\u4e8b\uff0c\u5e76\u975e\u8d8a\u5927\u8d8a\u597d\u3002\u201d<\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u65e0\u72ec\u6709\u5076\uff0c\u548c\u8baf\u7f51\u539f\u526f\u603b\u88c1\u949f\u5efa\u6587\u5728\u770b\u5b8c\u597d\u53cb\u63a8\u8350\u7684\u6851\u5fb7\u4f2f\u683c\u7684\u300a\u5411\u524d\u4e00\u6b65\u300b\u540e\uff0c\u4eff\u4f5b\u66f4\u786e\u5b9a\u81ea\u5df1\u9002\u5408\u5e72\u7684\u4e8b\u60c5\uff0c\u4e8e\u662f\u6bc5\u7136\u51b3\u5b9a\u63a5\u53d7\u4e00\u4e2a\u57fa\u91d1\u7684\u6295\u8d44\uff0c\u521b\u7acb\u4e86\u201c\u79fb\u6c11\u5e2e\u201d\u3002\u201c\u521b\u4e1a\u662f\u4e00\u79cd\u4fee\u884c\uff0c\u5bf9\u8eab\u5fc3\u90fd\u662f\u975e\u5e38\u597d\u7684\u4fee\u884c\u3002\u5f88\u7c7b\u4f3c\u4e8e\u6211\u6700\u559c\u6b22\u7684\u8fd0\u52a8\u2014\u2014\u5f92\u6b65\uff0c\u4e0d\u4ec5\u9700\u8981\u70ed\u60c5\u3001\u6fc0\u60c5\u66f4\u9700\u8981\u97e7\u52b2\u3001\u575a\u6301\uff0c\u4e00\u4e2a\u4e2a\u5e73\u65e5\u91cc\u65e0\u6cd5\u770b\u5230\u7684\u7f8e\u4e3d\u98ce\u666f\uff0c\u5c31\u662f\u4e00\u8def\u4e0a\u5bf9\u81ea\u5df1\u6700\u5927\u7684\u7292\u8d4f\uff0c\u5c31\u5982\u540c\u521b\u4e1a\u8def\u4e0a\u6536\u83b7\u7684\u5404\u79cd\u9636\u6bb5\u6027\u7684\u7a81\u7834\u548c\u6210\u529f\u3002\u201d\u5728\u5979\u770b\u6765\uff0c\u4ece\u5973\u6027\u7684\u6210\u957f\u6765\u770b\uff0c\u5979\u4eec\u88ab\u6321\u5728\u5916\u9762\u7684\u7b2c\u4e00\u9053\u574e\u662f\u81ea\u5df1\u3002\u4e0d\u5c11\u804c\u573a\u5973\u6027\u88ab\u5f88\u591a\u5185\u5fc3\u7684\u4e1c\u897f\u7275\u7eca\u4f4f\u3002\u5973\u6027\u5728\u804c\u4e1a\u53d1\u5c55\u4e2d\u786e\u5b9e\u6709\u5f88\u591a\u52a3\u52bf\uff0c\u6bd4\u5982\u751f\u80b2\u4f1a\u4f7f\u804c\u573a\u5973\u6027\u7684\u7ade\u4e89\u529b\u51cf\u5f31\u3002\u4e0d\u8fc7\u5728\u5982\u4eca\u7684\u804c\u573a\u4eba\u4eec\u8d8a\u6765\u8d8a\u8ba4\u53ef\u5973\u6027\u6709\u522b\u4e8e\u7537\u6027\u7684\u4f18\u52bf\uff0c\u4f01\u4e1a\u4f1a\u66f4\u613f\u610f\u9009\u62e9\u652f\u6301\u5973\u6027\u7684\u6210\u957f\u3002\u5c24\u5176\u662f40\u5c81\u4ee5\u540e\uff0c\u5973\u6027\u4e00\u65e6\u77e5\u9053\u81ea\u5df1\u60f3\u8981\u4ec0\u4e48\uff0c\u4f1a\u91ca\u653e\u6e90\u6e90\u4e0d\u65ad\u7684\u80fd\u91cf\u3002<\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">2016\u5e74\u7684\u65f6\u5019\uff0c\u666e\u534e\u6c38\u9053\u4f5c\u4e3a\u9876\u5c16\u7684\u670d\u52a1\u673a\u6784\uff0c\u5973\u6027\u5408\u4f19\u4eba\u6bd4\u4f8b\u7ea6\u4e3a13%\u30022018\u5e74\uff0c\u516c\u53f8\u5728\u4e2d\u56fd\u5185\u5730\u548c\u9999\u6e2f\u664b\u5347\u768454\u4f4d\u5408\u4f19\u4eba\u4e2d\uff0c22\u4f4d\u4e3a\u5973\u6027\uff0c\u7ea6\u536041%\u3002\u6839\u636e\u666e\u534e\u6c38\u9053\u5408\u4f19\u4eba\u9ec4\u4fca\u8363\u7684\u5206\u4eab\uff0c\u516c\u53f8\u57282019\u5e74\u4f0a\u59cb\u5b9e\u884c\u5f39\u6027\u5de5\u4f5c\u5236\uff0c\u53ea\u8981\u6ca1\u6709\u5ba2\u6237\u7684\u4f1a\u8bae\uff0c\u53ef\u4ee5\u81ea\u5df1\u9009\u62e9\u4e0a\u73ed\u5730\u70b9\uff0c\u8fd9\u7ed9\u5973\u6027\u96c7\u5458\u63d0\u4f9b\u4e86\u7075\u6d3b\u652f\u914d\u7684\u65f6\u95f4\u548c\u7a7a\u95f4\u3002\u4f01\u4e1a\u901a\u8fc7\u8fd9\u6837\u7684\u63a2\u7d22\uff0c\u91ca\u653e\u5973\u6027\u6f5c\u5728\u7684\u80fd\u91cf\u3002<\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px 20px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u54c1\u724c\u4e2d\u56fd\u4ea7\u4e1a\u8054\u76df\u4e3b\u5e2d\u827e\u4e30\u66fe\u5bf9\u201c\u5979\u529b\u91cf\u201d\u8fdb\u884c\u8fc7\u89e3\u8bfb\u3002\u201c\u5979\u529b\u91cf\u201d\u4e0d\u4ec5\u5305\u542b\u5973\u6027\u672c\u8eab\u7684\u529b\u91cf\uff0c\u8fd8\u5305\u62ec\u5973\u6027\u548c\u7537\u6027\u878d\u5408\u7684\u529b\u91cf\u3001\u5973\u6027\u5bf9\u7537\u6027\u6fc0\u52b1\u7684\u529b\u91cf\u3002\u7f8e\u56fd\u4e00\u9879\u6709\u8da3\u7684\u7814\u7a76\u53d1\u73b0\uff08Conqvist and Yu , 2017,<em> JFE<\/em>\uff09, \u7f8e\u56fd\u5927\u578b\u4e0a\u5e02\u516c\u53f8\u9ad8\u7ba1\u7684\u7ba1\u7406\u884c\u4e3a\u4f1a\u53d7\u5230\u5973\u513f\u51fa\u751f\u7684\u5f71\u54cd\u3002\u5f53\u4e00\u4e2a\u516c\u53f8CEO\u6709\u4e86\u5973\u513f\u4e4b\u540e\uff0c\u8be5\u4f01\u4e1a\u7684\u4f01\u4e1a\u793e\u4f1a\u8d23\u4efb\u6392\u540d\u76f8\u6bd4\u4e8e\u4e2d\u578b\u516c\u53f8\u5c06\u4f1a\u63d0\u9ad89.1%\uff0c\u5373\u5973\u513f\u7684\u51fa\u751f\u8ba9CEO\u66f4\u52a0\u5173\u6ce8\u4f01\u4e1a\u7684\u793e\u4f1a\u8d23\u4efb\uff0c\u5e76\u4e14\u8fd9\u79cd\u73b0\u8c61\u5728\u7537\u6027CEO\u4e2d\u66f4\u52a0\u663e\u8457\u3002\u8fd8\u6709\u7814\u7a76\u53d1\u73b0\uff08Roussanov and Savor , 2014\uff0c<em>MS<\/em>\uff09\uff0c\u5355\u8eabCEO\u8ffd\u6c42\u66f4\u6fc0\u8fdb\u7684\u6295\u8d44\u7b56\u7565\uff0c\u5176\u7ba1\u7406\u7684\u4f01\u4e1a\u7684\u80a1\u7968\u6536\u76ca\u8868\u73b0\u51fa\u66f4\u9ad8\u7684\u6ce2\u52a8\u7387\uff0c\u800c\u5a5a\u59fb\u80fd\u591f\u5f71\u54cdCEO\u7684\u504f\u597d\uff0c\u4f7f\u5176\u53d8\u5f97\u4e0d\u90a3\u4e48\u6fc0\u8fdb\u3002\u8fd9\u4e9b\u7814\u7a76\u5747\u4ece\u4fa7\u9762\u53cd\u6620\u4e86\u201c\u5979\u529b\u91cf\u201d\u7684\u5f71\u54cd\u3002<\/span><\/p><section class=\"mpa-template\" data-mpa-template-id=\"1612723\" data-mpa-color=\"null\" data-mpa-category=\"\u6536\u85cf\"><p style=\"text-align:center;margin: 15px 8px 5px;clear: both;min-height: 1em;color: rgb(51, 51, 51);font-size: 17px;letter-spacing: 0.544px;line-height: normal;\" align=\"center\"><span style=\"color: #AB1942;letter-spacing: 1px;\"><strong mpa-from-tpl=\"t\"><span style=\"color: #AB1942;font-size: 14px;letter-spacing: 1px;\"><strong mpa-from-tpl=\"t\" mpa-is-content=\"t\">\u201c\u5979\u7ecf\u6d4e\u201d\u4e0b\u7684\u91d1\u878d\u4ea7\u54c1<\/strong><\/span><\/strong><\/span><\/p><section class=\"\" data-css=\"border-color: initial;border-style: none;border-width: 0px;margin-top: 20px;padding: 0px\" style=\"color: rgb(51, 51, 51); font-size: 17px; text-align: justify; letter-spacing: 0.544px; height: 0px; overflow: hidden;\"><\/section><\/section><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"letter-spacing: 1px;font-size: 14px;color: #595959;\">\u201c\u5973\u6027\u7ecf\u6d4e\u201d\u56db\u5b57\u662f\u8236\u6765\u54c1\uff0c\u6700\u65e9\u6765\u6e90\u4e8e\u82f1\u56fd \u300a\u7ecf\u6d4e\u5b66\u4eba\u300b\u6742\u5fd7\uff0c\u662f\u5728\u63cf\u7ed8\u5168\u7403\u5973\u6027\u5bf9\u7ecf\u6d4e\u53d1\u5c55\u7684\u8d21\u732e\u65f6\u63d0\u5230\u7684\u3002\u5982\u679c\u8bf4\u201c\u5973\u6027\u7ecf\u6d4e\u201d\u662f\u4ece\u6027\u522b\u4e0a\u63a2\u8ba8\u5973\u6027\u6d88\u8d39\uff0c\u90a3\u4e48\u201c\u5979\u7ecf\u6d4e\u201d\u5219\u66f4\u591a\u5f3a\u8c03\u72ec\u7acb\u7684\u4e2a\u4f53\u7684\u6d88\u8d39\u80fd\u529b\u3002<br><\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u201c\u5979\u7ecf\u6d4e\u201d\u662f\u6307\u968f\u7740\u5973\u6027\u7ecf\u6d4e\u548c\u793e\u4f1a\u5730\u4f4d\u63d0\u9ad8\uff0c\u56f4\u7ed5\u7740\u5973\u6027\u7406\u8d22\u3001\u6d88\u8d39\u800c\u5f62\u6210\u7684\u7279\u6709\u7684\u7ecf\u6d4e\u5708\u548c\u7ecf\u6d4e\u73b0\u8c61\u3002\u9488\u5bf9\u201c\u5979\u7ecf\u6d4e\u201d\uff0c\u8d8a\u6765\u8d8a\u591a\u7684\u5546\u5bb6\u5f00\u59cb\u4ece\u5973\u6027\u7684\u89c6\u89d2\u6765\u7814\u5236\u5e76\u5f00\u53d1\u65b0\u7684\u91d1\u878d\u4ea7\u54c1\u3002\u8fd9\u4e9b\u91d1\u878d\u4ea7\u54c1\u53c8\u53ef\u4ee5\u7ec6\u5206\u4e3a\u4e24\u4e2a\u65b9\u5411\uff1a\u57fa\u4e8e\u5973\u6027\u6d88\u8d39\u7279\u5f81\u548c\u57fa\u4e8e\u5973\u6027\u7406\u8d22\u7279\u5f81\u3002<\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u73b0\u4ee3\u5973\u6027\u62e5\u6709\u4e86\u66f4\u591a\u7684\u6536\u5165\u548c\u66f4\u591a\u7684\u673a\u4f1a\uff0c\u5979\u4eec\u5d07\u5c1a\u201c\u5de5\u4f5c\u662f\u4e3a\u4e86\u66f4\u597d\u5730\u4eab\u53d7\u751f\u6d3b\u201d\uff0c\u6210\u4e3a\u6d88\u8d39\u7684\u91cd\u8981\u7fa4\u4f53\u3002\u7279\u522b\u662f\u5728\u7f8e\u5bb9\u3001\u5065\u5eb7\u7ba1\u7406\u3001\u6bcd\u5a74\u3001\u7f51\u7edc\u8d2d\u7269\u3001\u5a5a\u604b\u3001\u793e\u4ea4\u7b49\u7ec6\u5206\u6d88\u8d39\u9886\u57df\uff0c\u201c\u5979\u7ecf\u6d4e\u201d\u589e\u957f\u6b63\u5728\u5f62\u6210\uff0c\u5bf9\u56fd\u6c11\u7ecf\u6d4e\u7684\u62c9\u52a8\u4f5c\u7528\u65e5\u76ca\u663e\u8457\uff0c\u5df2\u7ecf\u6210\u4e3a\u4e00\u9053\u9753\u4e3d\u7684\u98ce\u666f\u7ebf\u30022018\u5e74\u300a\u4e2d\u56fd\u5bb6\u5ead\u7cbe\u660e\u6d88\u8d39\u62a5\u544a\u300b\u7684\u6570\u636e\u663e\u793a\uff0c\u8fd170%\u7684\u4e00\u7ebf\u57ce\u5e02\u5973\u6027\u4f1a\u8d1f\u8d23\u5168\u90e8\u5bb6\u5ead\u8d2d\u7269\uff0c\u5305\u62ec\u4e3a\u4f34\u4fa3\u3001\u7236\u6bcd\u91c7\u8d2d\u670d\u88c5\u914d\u9970\u3001\u4e2a\u62a4\u5316\u5986\u7b49\u4ea7\u54c1\u3002\u968f\u7740\u79fb\u52a8\u4e92\u8054\u7f51\u7684\u5d1b\u8d77\uff0c\u4ee5\u53ca\u79fb\u52a8\u7aef\u5973\u6027\u7528\u6237\u5360\u6bd4\u6301\u7eed\u63d0\u5347\u8d85\u8fc7\u534a\u6570\uff0c\u5973\u6027\u8f83\u5f3a\u7684\u6d88\u8d39\u80fd\u529b\u548c\u5929\u7136\u70ed\u8877\u5206\u4eab\u7684\u5c5e\u6027\u8ba9\u5973\u6027\u7535\u5546\u53d1\u5c55\u5f97\u5982\u706b\u5982\u837c\uff0c\u8fd9\u4e5f\u8ba9\u201c\u5979\u7ecf\u6d4e\u201d\u7684\u793e\u4f1a\u5f71\u54cd\u529b\u5f97\u4ee5\u4e0d\u65ad\u63d0\u9ad8\u3002<\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u5b89\u6c38\u7684\u4e00\u4efd\u7814\u7a76\u62a5\u544a\u663e\u793a\uff0c\u9884\u8ba1\u52302028\u5e74\uff0c\u5168\u7403\u53ef\u81ea\u7531\u652f\u914d\u652f\u51fa\u4e2d\u768475%\u5c06\u7531\u5973\u6027\u638c\u63a7\u3002<\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u76f8\u6bd4\u7537\u6027\u559c\u6b22\u80a1\u7968\u3001\u57fa\u91d1\u7b49\u9ad8\u98ce\u9669\u9ad8\u6536\u76ca\u6295\u8d44\u54c1\u79cd\uff0c\u5973\u6027\u4f18\u5148\u8003\u8651\u7684\u662f\u5bb6\u5ead\u8d22\u5bcc\u7684\u5b89\u5168\u6027\uff0c\u66f4\u504f\u5411\u73b0\u91d1\u7ba1\u7406\u7c7b\u3001\u5b9a\u671f\u56fa\u5b9a\u6536\u76ca\u7c7b\u6295\u8d44\u4ea7\u54c1\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u5973\u6027\u7406\u8d22\u9700\u6c42\u4e0e\u5bb6\u5ead\u8d22\u5bcc\u7ba1\u7406\u4e5f\u5b58\u5728\u7740\u5343\u4e1d\u4e07\u7f15\u7684\u8054\u7cfb\uff0c\u6bd4\u5982\u4e0d\u5c11\u5973\u6027\u4f1a\u5c06\u672a\u6765\u5bb6\u5ead\u89c4\u5212\u4f5c\u4e3a\u81ea\u5df1\u6295\u8d44\u51b3\u7b56\u7684\u91cd\u8981\u8003\u91cf\uff0c\u8003\u8651\u4ea7\u54c1\u7684\u5b89\u5168\u6027\u3001\u6536\u76ca\u6027\u548c\u6d41\u52a8\u6027\u3002\u5728\u5177\u4f53\u7684\u7406\u8d22\u6e20\u9053\u9009\u62e9\u65b9\u9762\uff0c\u5973\u6027\u6295\u8d44\u4e8e\u80a1\u5e02\u3001\u623f\u5730\u4ea7\u7b49\u8d44\u4ea7\u7684\u6bd4\u4f8b\u8f83\u4e4b\u7537\u6027\u66f4\u4f4e\uff0c\u4f46\u9009\u62e9\u94f6\u884c\u5b58\u6b3e\u7684\u6bd4\u4f8b\u5219\u6bd4\u7537\u6027\u9ad8\u51fa5%\u3002\u5979\u4eec\u5728\u9009\u8d2d\u7406\u8d22\u4ea7\u54c1\u65f6\u4f1a\u517c\u987e\u5b50\u5973\u6d77\u5916\u7559\u5b66\u3001\u6295\u8d44\u79fb\u6c11\u3001\u9ad8\u7aef\u533b\u7597\u5065\u5eb7\u7ba1\u7406\u7b49\u5bb6\u5ead\u89c4\u5212\u9700\u8981\u3002\u53e6\u5916\uff0c\u201c2018\u5e74\u4e2d\u56fd\u65b0\u5bcc\u4eba\u7fa4\u8d22\u5bcc\u5065\u5eb7\u6307\u6570\u201d\u62a5\u544a\u7ed3\u679c\u663e\u793a\uff0c\u5973\u6027\u5bf9\u4e13\u4e1a\u7406\u8d22\u987e\u95ee\u7684\u5f00\u653e\u5ea6\u4ee5\u53ca\u63a5\u53d7\u5ea6\u9ad8\u4e8e\u7537\u6027\u3002&nbsp;BCG \u5973\u6027\u8d22\u5bcc\u7ba1\u7406\u8c03\u7814\u6570\u636e\u663e\u793a\uff0c62%\u4e2d\u56fd\u5973\u6027\u638c\u63e1\u7740\u5bb6\u5ead\u8d22\u5bcc\u7ba1\u7406\u7684\u51b3\u7b56\u6743\uff0c\u540c\u65f672%\u7684\u53d7\u8bbf\u8005\u5e0c\u671b\u6709\u4e3a\u5973\u6027\u5b9a\u5236\u7684\u91d1\u878d\u670d\u52a1\u3002<\/span><\/p><p style=\"line-height: 1.75em;margin: 15px 8px 25px;\"><span style=\"font-size: 14px;color: #595959;letter-spacing: 1px;\">\u4f46\u4e0e\u6b64\u5bf9\u5e94\u7684\u662f\uff0c\u5f53\u524d\u91d1\u878d\u5e02\u573a\u80fd\u6ee1\u8db3\u5973\u6027\u4e13\u5c5e\u7a33\u5065\u7406\u8d22\u9700\u6c42\u7684\u91d1\u878d\u4ea7\u54c1\u670d\u52a1\u5e76\u4e0d\u591a\u3002\u8fd9\u610f\u5473\u7740\uff0c\u901a\u8fc7\u5973\u6027\u8d22\u5bcc\u7ba1\u7406\u4f5c\u4e3a\u5165\u53e3\u62d3\u5c55\u5bb6\u5ead\u8d22\u5bcc\u7ba1\u7406\u4e1a\u52a1\uff0c\u5c06\u662f\u4e00\u4e2a\u5168\u65b0\u7684\u201c\u98ce\u53e3\u201d\uff0c\u8fd9\u4e5f\u662f\u4e00\u7247\u5c1a\u672a\u5145\u5206\u5f00\u62d3\u7684\u8d22\u5bcc\u7ba1\u7406\u65b0\u91d1\u77ff\u3002\u4e00\u65b9\u9762\uff0c\u5973\u6027\u5728\u7a33\u5065\u6295\u8d44\u3001\u6d77\u5916\u7559\u5b66\u3001\u6295\u8d44\u79fb\u6c11\u3001\u9ad8\u7aef\u533b\u7597\u5065\u5eb7\u7ba1\u7406\u3001\u5bb6\u5ead\u957f\u8fdc\u8d22\u5bcc\u89c4\u5212\u7b49\u65b9\u9762\u7684\u9700\u6c42\u65fa\u76db\uff0c\u7ed9\u53cc\u65b9\u5728\u91d1\u878d\u4ea7\u54c1\u670d\u52a1\u534f\u540c\u521b\u65b0\u65b9\u9762\u63d0\u4f9b\u5e7f\u9614\u7684\u5408\u4f5c\u7a7a\u95f4\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u968f\u7740\u4e92\u8054\u7f51\u7406\u8d22\u65f6\u4ee3\u6765\u4e34\uff0c\u5973\u6027\u5bf9\u5728\u7ebf\u8d22\u5bcc\u7ba1\u7406\u64cd\u4f5c\u4fbf\u6377\u6027\u7684\u8981\u6c42\u8d8a\u6765\u8d8a\u9ad8\u3002\u53cc\u65b9\u53ef\u4ee5\u53d1\u6325\u5404\u81ea\u5728\u5ba2\u6237\u4f53\u9a8c\u3001\u91d1\u878d\u79d1\u6280\u3001\u4ea7\u54c1\u670d\u52a1\u591a\u5143\u5316\u3001\u4eba\u5de5\u667a\u80fd\u3001\u5927\u6570\u636e\u5206\u6790\u3001\u98ce\u9669\u7ba1\u7406\u65b9\u9762\u7684\u4f18\u52bf\uff0c\u63d0\u4f9b\u5973\u6027\u4e13\u5c5e\u7684\u5728\u7ebf\u4ea7\u54c1\u9884\u7ea6\u3001\u5b58\u91cf\u7406\u8d22\u4ea7\u54c1\u67e5\u8be2\u3001\u6295\u8d44\u7ec4\u5408\u6536\u76ca\u7387\u67e5\u8be2\u3001\u7406\u8d22\u4ea7\u54c1\u73b0\u91d1\u6d41\u9884\u6d4b\u3001\u4ea7\u54c1\u81ea\u52a8\u6295\u8d44\u8d4e\u56de\u7b49\u591a\u5143\u5316\u670d\u52a1\uff0c\u6ee1\u8db3\u5973\u6027\u53ca\u5176\u5bb6\u5ead\u591a\u5143\u5316\u3001\u4e2a\u6027\u5316\u7684\u8d22\u5bcc\u7ba1\u7406\u9700\u6c42\u3002\u4e0d\u5c11\u91d1\u878d\u673a\u6784\u5df2\u7ecf\u4ed8\u8bf8\u884c\u52a8\uff0c\u4f8b\u5982\u552f\u54c1\u91d1\u878d\u4e0e\u4ea4\u901a\u94f6\u884c\u5ba3\u5e03\u8fbe\u6210\u5168\u9762\u6218\u7565\u5408\u4f5c\uff0c\u5251\u6307\u524d\u666f\u5e7f\u9614\u7684\u65b0\u84dd\u6d77\u5e02\u573a\u2014\u2014\u5973\u6027\u53ca\u5bb6\u5ead\u6d88\u8d39\u4e0e\u8d22\u5bcc\u7ba1\u7406\u9700\u6c42\u3002&nbsp;<\/span><\/p><\/section>\n","protected":false},"excerpt":{"rendered":"<p>\u5973\u6027\u6295\u8d44\u4eba\u4e3a\u4f55\u80fd\u5e26\u6765\u8d85\u989d\u6536\u76ca\uff1f\u5973\u6027\u9ad8\u7ba1\u7684\u80fd\u91cf\u4f55\u5728\uff1f\u5728\u201c\u5979\u7ecf\u6d4e\u201d\u548c\u666e\u60e0\u91d1\u878d\u7684\u53cc\u91cd\u52a0\u6301\u4e0b\uff0c\u5973\u6027\u9700\u8981\u4ec0\u4e48\u6837\u7684\u91d1\u878d\u4ea7\u54c1\uff1f \u6731\u857e \u590d\u65e6\u6cdb\u6d77\u56fd\u91d1\u4f1a\u8ba1\u5b66\u526f\u6559\u6388\uff08\u7ec8\u8eab\u6559\u804c\uff09 \u6731\u857e\u6559\u63882009\u5e74\u83b7\u5f97\u54e5\u4f26\u6bd4\u4e9a\u5927\u5b66\u54e5\u4f26\u6bd4\u4e9a\u5546\u5b66\u9662\u4f1a\u8ba1\u5b66\u535a\u58eb\u5b66\u4f4d\uff0c2001\u5e74\u83b7\u5f97\u6ce2\u58eb\u987f\u5927\u5b66\u91d1\u878d\u5b66\u7855\u58eb<\/p>\n","protected":false},"author":2,"featured_media":7294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/&#x51ef;&#x6377;&#x4f53;&#x80b2;&#x5a31;&#x4e50;\/femba\/wp-json\/wp\/v2\/posts\/7292"}],"collection":[{"href":"https:\/\/&#x51ef;&#x6377;&#x4f53;&#x80b2;&#x5a31;&#x4e50;\/femba\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/&#x51ef;&#x6377;&#x4f53;&#x80b2;&#x5a31;&#x4e50;\/femba\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/&#x51ef;&#x6377;&#x4f53;&#x80b2;&#x5a31;&#x4e50;\/femba\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/&#x51ef;&#x6377;&#x4f53;&#x80b2;&#x5a31;&#x4e50;\/femba\/wp-json\/wp\/v2\/comments?post=7292"}],"version-history":[{"count":1,"href":"https:\/\/&#x51ef;&#x6377;&#x4f53;&#x80b2;&#x5a31;&#x4e50;\/femba\/wp-json\/wp\/v2\/posts\/7292\/revisions"}],"predecessor-version":[{"id":7293,"href":"https:\/\/&#x51ef;&#x6377;&#x4f53;&#x80b2;&#x5a31;&#x4e50;\/femba\/wp-json\/wp\/v2\/posts\/7292\/revisions\/7293"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/&#x51ef;&#x6377;&#x4f53;&#x80b2;&#x5a31;&#x4e50;\/femba\/wp-json\/wp\/v2\/media\/7294"}],"wp:attachment":[{"href":"https:\/\/&#x51ef;&#x6377;&#x4f53;&#x80b2;&#x5a31;&#x4e50;\/femba\/wp-json\/wp\/v2\/media?parent=7292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/&#x51ef;&#x6377;&#x4f53;&#x80b2;&#x5a31;&#x4e50;\/femba\/wp-json\/wp\/v2\/categories?post=7292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/&#x51ef;&#x6377;&#x4f53;&#x80b2;&#x5a31;&#x4e50;\/femba\/wp-json\/wp\/v2\/tags?post=7292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!--耗时0.0096387863秒-->