\u533a\u57df\u6027\u80a1\u6743\u5e02\u573a \u5408\u683c\u6295\u8d44\u8005 50\u4e07\uff1b<\/p>\n
\u79c1\u52df\u57fa\u91d1 \u5408\u683c\u6295\u8d44\u8005 \u6295\u8d44\u989d100\u4e07\uff1b\u5355\u4f4d1000\u4e07\uff1b\u4e2a\u4eba300\u4e07\u62163\u5e7450\u4e07\uff1b<\/p>\n
QFII \u5408\u683c\u6295\u8d44\u8005 \u8d44\u7ba12\u5e745\u4ebf\uff1b\u4fdd\u96692\u5e745\u4ebf\uff1b\u8bc1\u52385\u5e745\u4ebf50\u4ebf\uff1b\u94f6\u884c10\u5e743\u4ebf50\u4ebf\uff1b\u5176\u5b832\u5e745\u4ebf\uff1b\u9650\u5236\u5355\u4e2a\u80a1\u4efd<10%\uff0c\u5168\u90e8\u80a1\u4efd<30%\uff1b QDII \u5408\u683c\u6295\u8d44\u8005 \u57fa\u91d12\u5e742\u4ebf200\u4ebf\uff1b\u8bc1\u52388\u4ebf70%\u96c6\u54081\u5e7420\u4ebf\uff1b\u7edf\u7edf\u9650\u523610%\uff1b<\/p>\n
—–<\/p>\n
\u8bc1\u5238\u516c\u53f8 \u4fe1\u606f\u62a5\u9001 4\u6708\u5e74\u62a5\uff1b7\u65e5\u6708\u62a5\uff1b\u4e34\u65f6\uff1b \u627f\u9500\u56e2 5000\u4e07 \u8d44\u7ba1 3\u5e745\u4eba \u878d\u8d44\u878d\u5238 2\u5e74\u65e0\u8fdd\u89c4\uff1b2\u5e74\u5408\u89c4\uff1b1\u5e74\u4fe1\u606f\u5b89\u5168\uff1b \u4e2d\u95f4\u4e1a\u52a1 6\u6708\u5408\u89c4\uff1b\u603b\u90e85\u4eba\uff1b\u8425\u4e1a\u90e82\u4eba\uff1b \u79c1\u52df\u5b50\u516c\u53f8 6\u6708\u5408\u89c4\uff1b1\u5e74\u65e0\u8fdd\u89c4\uff1b\u4e0b\u8bbe\u673a\u6784\u80a1\u6743>35%\uff1b\u81ea\u6295\u91d1\u989d<20%\uff1b
\n\u53e6\u7c7b\u5b50\u516c\u53f8 6\u6708\u5408\u89c4\uff1b1\u5e74\u65e0\u8fdd\u89c4\uff1b<\/p>\n
\u670d\u52a1\u673a\u6784
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\n\u5f8b\u6240 20\u4eba\uff1b5\u4eba\uff1b2\u5e74\u65e0\u8fdd\u89c4\uff1b
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\n\u4f1a\u8ba1\u6240 5\u5e74\u6210\u7acb\uff1b200\u4eba\uff1b5\u5e74120\u4eba\uff1b65\u5c81\uff1b500\u4e07\uff1b3\u5e74\u65e0\u8fdd\u89c4\uff1b
\n\u4f1a\u8ba1\u5e08 1\u5e74\u6ce8\u4f1a\uff1b60\u5c81\uff1b3\u5e74\u65e0\u8fdd\u89c4\uff1b
\n\u8bc1\u5238\u3001\u671f\u8d27\u6295\u8d44\u54a8\u8be2 5\u4eba\u8bc1\u5238\u6216\u671f\u8d27\uff1b10\u4eba\u8bc1\u5238+\u671f\u8d27\uff1b1\u4eba\u9ad8\u7ba1\uff1b100\u4e07\uff1b
\n\u8d44\u4fe1\u8bc4\u7ea7 2000\u4e07\uff1b20\u4eba\uff1b3\u5e7410\u4eba\uff1b3\u4eba\u6ce8\u4f1a\uff1b3\u4eba\u9ad8\u7ba1\uff1b5\u5e74\u65e0\u5211\u7f5a\uff1b3\u5e74\uff1b3\u5e74\uff1b20\u65e5\uff1b
\n\u8d44\u4ea7\u8bc4\u4f30 200\u4e07\uff1b3\u5e74\u8d44\u683c\uff1b30\u4eba\uff1b3\u5e7420\u4eba\uff1b3\u5e74\uff1b3\u5e74\u65e0\u8fdd\u89c4\uff1b
\n\u8bc1\u91d1\u516c\u53f8 60\u4ebf\uff1b6\u6708\u671f\u9650\uff1b4\u6708\u5e74\u62a5\uff1b7\u65e5\u6708\u62a5\uff1b\u4e34\u65f6\uff1b\u98ce\u63a7100% 50% 10% 15% 10%\uff1b<\/p>\n
\u8bc1\u5238\u4ea4\u6613\u6240
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\u8bc1\u5238\u767b\u8bb0\u7ed3\u7b97\u516c\u53f8 2\u4ebf\uff1b
\n\u8bc1\u5238\u6295\u8d44\u8005\u4fdd\u62a4\u57fa\u91d1 20%\u4ea4\u6613\u7ecf\u624b\u8d39\uff1b0.5%-5%\u8bc1\u5238\u8425\u6536\uff1b<\/p>\n
—–<\/p>\n
\u4e3b\u677fIPO 3\u5e74\u6210\u7acb\uff1b3\u5e74\u65e0\u53d8\u5316\uff1b3\u5e743000\u4e07\u51c0\u5229\uff1b3\u5e745000\u4e07\u51c0\u989d\u62163\u4ebf\u8425\u6536\uff1b\u53d1\u884c\u524d3000\u4e07\u80a1\u672c\uff1b\u65e0\u5f62\u8d44\u4ea7<20%\uff1b \u521b\u4e1a\u677fIPO 3\u5e74\u6210\u7acb\uff1b2\u5e741000\u4e07\u62161\u5e745000\u4e07\u8425\u6536\uff1b2000\u4e07\u51c0\u8d44\u4ea7\uff1b\u53d1\u884c\u540e3000\u4e07\u80a1\u672c\uff1b2\u5e74\u65e0\u53d8\u5316\uff1b \u4e3b\u677f\u53d1\u884c 3\u5e74\u65e0\u5904\u7f5a\uff1b1\u5e74\u65e0\u8c34\u8d23\uff1b1\u5e74\u65e0\u62c5\u4fdd\uff1b3\u5e74\u76c8\u5229\uff1b1\u5e74\u65e0\u53d8\u5316\uff1b2\u5e74\u5229\u6da6\u4e0d\u964d50%\uff1b3\u5e74\u4f1a\u8ba1\uff1b3\u5e74\uff1b3\u5e74\u73b0\u91d1\u5229\u6da630%\uff1b3\u5e74\u65e0\u8fdd\u6cd5\uff1b \u521b\u4e1a\u677f\u53d1\u884c 2\u5e74\u76c8\u5229\uff1b2\u5e74\u73b0\u91d1\u5206\u7ea2\uff1b3\u5e74\u4f1a\u8ba1\uff1b\u8d44\u4ea7\u8d1f\u503a\u7387>45%\uff1b1\u5e74\u65e0\u62c5\u4fdd\uff1b1\u5e74\u91cd\u627f\u8bfa\uff1b3\u5e74\u65e0\u5904\u7f5a\uff1b1\u5e74\u65e0\u8c34\u8d23\uff1b1\u5e74\u80a1\u4e1c\u65e0\u5904\u7f5a\uff1b3\u5e74\u9ad8\u7ba1\u65e0\u5904\u7f5a\uff1b
\n\u914d\u80a1 <30%;<\/p>\n
—–<\/p>\n
\u8bb0\u8d26\u5f0f\u56fd\u503a \u7ade\u4e89\u6027\u62db\u6807 \u7968\u9762\u5229\u73872\u4f4d\u5c0f\u6570\uff1b\u53d1\u884c\u4ef7\u683c1\u5e74\u51853\u4f4d\u5c0f\u6570\uff0c1\u5e74\u4e0a2\u4f4d\u5c0f\u6570\uff1b\u5355\u4e00\u4ef7\u683c\u62db\u6807\u6216\u4fee\u6b63\u7684\u591a\u91cd\u4ef7\u683c\u62db\u6807\uff1b\u5229\u7387\u53d8\u52a80.01%\uff0c\u4ef7\u683c\u53d8\u52a8\u6309\u65e5\u671f0.002-0.16\uff0c\u6295\u6807\u91cf\u53d8\u52a80.1\u4ebf\uff1b\u6700\u9ad8\u6295\u6807\u989d\u753235%\u4e5925%\uff1b\u6700\u4f4e\u6295\u6807\u989d\u75324%\u4e591.5%\uff1b\u6700\u4f4e\u627f\u9500\u989d\u75321%\u4e590.2%\uff1b<\/p>\n
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\n\u516c\u53f8\u503a\u5238 \u80a1\u4efd\u516c\u53f83000\u4e07\u51c0\u8d44\u4ea7\uff0c\u5176\u4ed66000\u4e07\u51c0\u8d44\u4ea7\uff1b\u503a\u5238\u4f59\u989d<40%\uff1b\u8fd13\u5e74\u51c0\u52291\u5e74\u5229\u606f\uff1b3\u5e74\u65e0\u8fdd\u89c4\uff1b<\/p>\n
—–<\/p>\n
\u57fa\u91d1\u6ce8\u518c \u666e\u901a\u7a0b\u5e8f\uff1a\u5206\u7ea7\u57fa\u91d1\u548c\u57fa\u91d1\u4e2d\u57fa\u91d1\uff08FOF\uff09\uff1b\u7b80\u6613\u7a0b\u5e8f\uff1a\u5176\u4ed6\uff1b
\n\u57fa\u91d1\u53d1\u552e 6\u6708\u5f00\u59cb\u53d1\u552e\uff1b3\u6708\u52df\u96c6\uff1b3\u65e5\u516c\u5e03\uff1b
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\u5229\u6da6\u5206\u914d \u5c01\u95ed\u6bcf\u5e741\u6b21\uff0c\u5229\u6da690%\uff0c\u73b0\u91d1\u5206\u7ea2\uff1b\u5f00\u653e\u4e0d\u786e\u5b9a\u6b21\u6570\u6bd4\u4f8b\uff0c\u9ed8\u8ba4\u73b0\u91d1\u5206\u7ea2\uff1b\u8d27\u57fa\u53ef\u7ea2\u5229\u518d\u6295\u8d44\uff1b<\/p>\n
\u57fa\u91d1\u62a5\u544a \u5b9a\u671f\u5b63\u62a515\u65e5\uff1b\u534a\u5e7460\u65e5\uff1b\u5e7490\u65e5\uff1b\u4e34\u65f62\u65e5\uff1b
\n\u79c1\u52df \u5b9a\u671f\u5b63\u62a510\u65e5\uff1b\u5e744\u6708\uff1b<\/p>\n","protected":false},"excerpt":{"rendered":"
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