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\n1.\u52d8\u63a2\u53ca\u50a8\u91cf\u95ee\u9898
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\n\u7531\u4e8e\u77f3\u6cb9\u5927\u90e8\u5206\u4ee5\u7f8e\u5143\u8ba1\u4ef7\uff0c\u800c\u7f8e\u5143\u5bf9\u4e3b\u8981\u56fd\u9645\u8d27\u5e01\u4e00\u76f4\u5728\u8d2c\u503c\uff0c\u4e14\u6709\u8d8a\u6f14\u8d8a\u70c8\u4e4b\u52bf\u3002\u5bf9\u4ea7\u6cb9\u56fd\u6765\u8bf4\uff0c\u4e3a\u4e86\u4fdd\u969c\u6536\u76ca\uff0c\u4ee5\u7f8e\u5143\u8ba1\u4ef7\u7684\u77f3\u6cb9\u4ef7\u683c\u5c31\u4f1a\u968f\u7740\u7f8e\u5143\u8d2c\u503c\u4e0d\u65ad\u6500\u4e0a\u65b0\u9ad8\u3002\u8fd1\u671f\u5df2\u7ecf\u6709\u6b27\u4f69\u514b\u56fd\u5bb6\u5ba3\u5e03\u505c\u6b62\u4ee5\u7f8e\u5143\u8ba1\u7b97\u77f3\u6cb9\u51fa\u53e3\u7684\u6536\u76ca\uff0c\u5982\u679c\u66f4\u591a\u7684\u4ea7\u6cb9\u56fd\u8fd9\u4e48\u505a\uff0c\u90a3\u4e48\u7f8e\u5143\u8d2c\u503c\u7684\u8d8b\u52bf\u5c31\u4f1a\u66f4\u52a0\u5389\u5bb3\uff0c\u4ece\u800c\u4e0e\u77f3\u6cb9\u4ef7\u683c\u4ea7\u751f\u6076\u6027\u5faa\u73af\u3002\u800c\u4e2d\u56fd\u4f5c\u4e3a\u6700\u5927\u7684\u7f8e\u5143\u50a8\u5907\u56fd\uff0c\u7f8e\u5143\u7684\u8d2c\u503c\u53ca\u4eba\u6c11\u5e01\u589e\u503c\u5c06\u666e\u904d\u5bf9\u6211\u56fd\u5404\u4e2a\u884c\u4e1a\u4ea7\u751f\u4e0d\u5229\u5f71\u54cd\u3002
\n3.\u77f3\u6cb9\u6536\u5165\u6d41\u5165\u4e3b\u6743\u8d22\u5bcc\u57fa\u91d1\uff08Sovereign Wealth Funds\uff09\u6539\u53d8\u91d1\u878d\u683c\u5c40
\n\u4e00\u4e9b\u56fd\u5bb6\u4f9d\u9760\u77f3\u6cb9\u7b49\u8d44\u6e90\u8fc5\u901f\u79ef\u7d2f\u4e86\u8d22\u5bcc\uff0c\u6b63\u6d8c\u5165\u56fd\u9645\u91d1\u878d\u5e02\u573a\u5bfb\u627e\u201c\u730e\u7269\u201d\uff0c\u7531\u4e8e\u5176\u4e0d\u900f\u660e\u6027\uff0c\u56fd\u9645\u8d27\u5e01\u57fa\u91d1\u7ec4\u7ec7\u7684\u9884\u6d4b\u662f1.9\u4e07\u4ebf\uff5e2.9\u4e07\u4ebf\u7f8e\u5143\u4e4b\u95f4\uff0c\u7f8e\u6797\u8bc1\u5238\u9884\u8ba1\u4e3a1.9\u4e07\u4ebf\u7f8e\u5143\uff0c\u7565\u4f4e\u4e8e\u6469\u6839\u58eb\u4e39\u5229\u7684\u6570\u5b57\uff0c\u4f46\u4e0d\u8bba\u4e8b\u5b9e\u63a5\u8fd1\u54ea\u4e2a\u6570\u5b57\uff0c\u8fd9\u4e2a\u4ee5\u963f\u8054\u914b\u963f\u5e03\u624e\u6bd4\u3001\u79d1\u5a01\u7279\u3001\u4fc4\u7f57\u65af\u4e3a\u4ee3\u8868\u7684\u56e2\u4f53\u6b63\u5728\u6539\u53d8\u5168\u7403\u91d1\u878d\u683c\u5c40\uff0c\u6709\u4eba\u62c5\u5fc3\u5b83\u4eec\u5c06\u5bfc\u81f4\u4e00\u8f6e\u5168\u7403\u91d1\u878d\u4fdd\u62a4\u4e3b\u4e49\u7684\u51fa\u73b0\u3002\u4e16\u754c\u94f6\u884c\uff08WorldBank\uff09\u548c\u56fd\u9645\u8d27\u5e01\u57fa\u91d1\u7ec4\u7ec7\uff08IMF\uff09\u7b2c76\u5c4a\u5e74\u4f1a10\u670822\u65e5\u5728\u534e\u76db\u987f\u95ed\u5e55\uff0c\u5916\u754c\u666e\u904d\u5173\u5fc3\u7684\u4e3b\u6743\u57fa\u91d1\u95ee\u9898\u5728\u5e74\u4f1a\u4e0a\u6709\u4e86\u521d\u6b65\u8fdb\u5c55\u3002IMF\u900f\u9732\uff0c\u5df2\u7ecf\u5c31\u5982\u4f55\u6539\u5584\u4e3b\u6743\u57fa\u91d1\u900f\u660e\u5ea6\uff0c\u5efa\u7acb\u4e86\u4e00\u4e2a\u57fa\u672c\u6846\u67b6\u8fdb\u884c\u76d1\u7763\u3002\u867d\u7136\u6211\u56fd\u662f\u539f\u6cb9\u8fdb\u53e3\u56fd\uff0c\u6ca1\u6709\u6240\u8c13\u7684\u201c\u77f3\u6cb9\u7f8e\u5143\u201d\uff0c\u4f46\u4e2d\u56fd\u540c\u6837\u662f\u4e3b\u6743\u8d22\u5bcc\u57fa\u91d1\u5927\u56fd\uff0c\u5e76\u5c06\u79ef\u6781\u53c2\u4e0e\u8fdb\u65b0\u91d1\u878d\u683c\u5c40\u7684\u521b\u5efa\u4e2d\u53bb\u3002
\n4.\u5546\u54c1\u6295\u673a
\n\u7531\u4e8e\u7f8e\u5143\u8d2c\u503c\u548c\u80a1\u5e02\u6ce1\u6cab\uff0c\u5bfc\u81f4\u5728\u5168\u7403\u6d41\u52a8\u6027\u8fc7\u5269\u7684\u60c5\u51b5\u4e0b\uff0c\u4f5c\u4e3a\u62b5\u5236\u901a\u80c0\u7684\u6218\u7565\u54c1\u77f3\u6cb9\uff0c\u4e0e\u9ec4\u91d1\u7b49\u5f88\u5bb9\u6613\u53d7\u5230\u6295\u673a\u57fa\u91d1\u7684\u9752\u7750\uff0c\u4ece\u800c\u5bfc\u81f4\u77f3\u6cb9\u4ef7\u683c\u7684\u9ad8\u4f01\u3002
\n5.\u4ef7\u683c\u7ba1\u5236\u95ee\u9898
\n\u7531\u4e8e\u80fd\u6e90\u6218\u7565\u95ee\u9898\u53ca\u6210\u54c1\u6cb9\u548c\u5929\u7136\u6c14\u4ef7\u683c\u5bf9CPI\u6307\u6570\u6709\u8f83\u5927\u7684\u5f71\u54cd\u7b49\u56e0\u7d20\u7684\u8003\u8651\uff0c\u76ee\u524d\u6211\u56fd\u6210\u54c1\u6cb9\u548c\u5929\u7136\u6c14\u4ef7\u683c\u4ecd\u7136\u53d7\u5230\u653f\u5e9c\u7684\u7ba1\u5236\u3002\u4f46\u6211\u56fd\u57282006\u5e74\u5efa\u7acb\u4e86\u57fa\u4e8e\u5b8f\u89c2\u8c03\u63a7\u4e0b\u7684\u6210\u54c1\u6cb9\u5b9a\u4ef7\u65b0\u673a\u5236\uff0c\u77f3\u6cb9\u5be1\u5934\u6839\u636e\u6c7d\u6cb9\u548c\u67f4\u6cb9\u7684\u96f6\u552e\u4ef7\u683c\u5e76\u6309\u56fd\u5bb6\u53d1\u6539\u59d4\u8981\u6c42\u7684\u4e0d\u5c11\u4e8e\u96f6\u552e\u4ef7\u683c4.5%\u7684\u6298\u6263\u5236\u5b9a\u6279\u53d1\u4ef7\u683c\uff0c\u540c\u65f6\u89c4\u5b9a\u519b\u961f\u3001\u56fd\u5bb6\u50a8\u5907\u7528\u7684\u6c7d\u6cb9\u548c\u67f4\u6cb9\u51fa\u5382\u4e2d\u51c6\u9500\u552e\u4ef7\uff0c\u4e2d\u77f3\u6cb9\u53ef\u4ee5\u5728\u6b64\u4ef7\u683c\u4e0a\u4e0b8%\u7684\u8303\u56f4\u5185\u786e\u5b9a\u4ef7\u683c\u3002\u4e14\u4ece2006\u5e743\u6708\u5f00\u59cb\u5bf9\u77f3\u6cb9\u5f00\u91c7\u73af\u8282\u5f81\u6536\u77f3\u6cb9\u7279\u522b\u6536\u76ca\u91d1\uff0c\u5f53\u539f\u6cb9\u4ef7\u683c\u4e0a\u6da8\u523060\u7f8e\u5143\/\u6876\u7684\u65f6\u5019\uff0c\u7a0e\u7387\u9ad8\u8fbe40%\uff08\u8be6\u89c1\u88681\uff09\u3002\u5728\u8fd9\u6837\u7684\u5b9a\u4ef7\u673a\u5236\u4e0b\uff0c\u70bc\u6cb9\u5382\u4e0d\u80fd\u6709\u6548\u7684\u5c06\u77f3\u6cb9\u4ef7\u683c\u4e0a\u6da8\u7684\u6210\u672c\u8f6c\u5ac1\u7ed9\u4e0b\u6e38\uff0c\u5728\u539f\u6cb9\u4ef7\u683c\u5927\u5e45\u4e0a\u6da8\u65f6\u5c31\u4e0d\u5f97\u4e0d\u627f\u53d7\u4e8f\u635f\uff0c\u76f8\u6bd4\u6765\u8bf4\u539f\u6cb9\u81ea\u7ed9\u7387\u8fbe85%\u7684\u4e2d\u77f3\u6cb9\u6bd4\u5916\u8d2d\u77f3\u6cb9\u6bd4\u4f8b\u536075%\u7684\u4e2d\u77f3\u5316\u7684\u98ce\u9669\u627f\u53d7\u80fd\u529b\u8f83\u5f3a\uff0c\u800c\u56fd\u5bb6\u53d1\u6539\u59d411\u67081\u65e5\u5bf9\u6210\u54c1\u6cb9\u7684\u8c03\u4ef7\u5bf9\u4e2d\u77f3\u5316\u7684\u5229\u597d\u7a7a\u95f4\u8981\u6bd4\u4e2d\u56fd\u77f3\u6cb9\u5f3a\u3002<\/p>\n
\n\u539f\u6cb9\u4ef7\u683c\uff08\u7f8e\u5143\/\u6876\uff09 \u5f81\u6536\u6bd4\u7387
\n40\uff5e45\uff08\u542b\uff09 20%
\n45\uff5e50\uff08\u542b\uff09 25%
\n50\uff5e55\uff08\u542b\uff09 30%
\n55\uff5e60\uff08\u542b\uff09 35%
\n60\u4ee5\u4e0a 40%<\/p>\n
\n\u56fd\u9645\u539f\u6cb9\u5e02\u573a\u4e00\u76f4\u662f\u5784\u65ad\u683c\u5c40\uff0c\u66fe\u7ecf\u7684\u201c\u77f3\u6cb9\u4e03\u59d0\u59b9\u201d\u88ab\u5982\u4eca\u7684\u201c\u4e94\u6735\u91d1\u82b1\u201d\u6240\u53d6\u4ee3\uff0c\u4e2d\u77f3\u6cb9\u4e5f\u4f4d\u5c45\u5176\u4e2d\u3002\u800c\u968f\u7740\u4e2d\u77f3\u6cb9\u3001\u4e2d\u77f3\u5316\u53ca\u4e2d\u6d77\u6cb9\u7684\u56fd\u9645\u5316\u7a0b\u5ea6\u65e5\u6df1\uff0c\u56fd\u5185\u7684\u76f8\u5173\u4f01\u4e1a\u4e5f\u5df2\u6e10\u6e10\u9002\u5e94\u56fd\u9645\u5e02\u573a\u7684\u6e38\u620f\u89c4\u5219\u3002\u76ee\u524d\u7684\u77f3\u6cb9\u4f01\u4e1a\u4e4b\u4e89\uff0c\u4e0d\u518d\u662f\u5355\u7eaf\u7684\u4f01\u4e1a\u95ee\u9898\uff0c\u800c\u4f01\u4e1a\u7ade\u4e89\u5185\u5bb9\u4e5f\u4e0d\u518d\u4ec5\u9650\u4e8e\u6280\u672f\u3001\u50a8\u5907\u91cf\u3001\u4ea7\u80fd\u7b49\u7b49\u7684\u5355\u4e00\u7ade\u4e89\uff0c\u800c\u6210\u4e3a\u7efc\u5408\u4e86\u56fd\u5bb6\u6218\u7565\u652f\u6301\u3001\u52d8\u63a2\u3001\u5f00\u91c7\u3001\u70bc\u5316\u6574\u4f53\u6280\u672f\u3001\u50a8\u5907\u91cf\u53ca\u4ea7\u80fd\u3001\u7ba1\u7406\u6c34\u5e73\u3001\u8d44\u672c\u8fd0\u4f5c\u6c34\u5e73\u7684\u7efc\u5408\u7ade\u4e89\u3002
\n\u56fd\u9645\u4e3b\u8981\u4e0a\u5e02\u516c\u53f8\u5173\u952e\u6307\u6807\u5bf9\u6bd4\u89c1\u88682\u3002
\n\u88682 \u56fd\u9645\u4e3b\u8981\u4e0a\u5e02\u77f3\u6cb9\u516c\u53f8\u7684\u5173\u952e\u6307\u6807\u5bf9\u6bd4
\n\u4e2d\u56fd\u77f3\u6cb9 \u57c3\u514b\u68ee\u7f8e\u5b5a \u96ea\u4f5b\u9f99 \u82f1\u56fd\u77f3\u6cb9 \u5eb7\u83f2 \u58f3\u724c \u4e2d\u56fd\u77f3\u5316 \u632a\u5a01\u77f3\u6cb9 \u4e2d\u56fd\u6d77\u6cb9 \u9053\u8fbe\u5c14 \u57c3\u5c3c \u96f7\u666e\u7d22\u5c14 \u5df4\u897f\u77f3\u6cb9
\n\u6cb9\u6c14\u50a8\u91cf\uff08\u767e\u4e07\u6876\uff09 20530 22110 11620 16769 11169 11554 3769 4185 2520 11120 6436 2612 13750
\n\u5df2\u5f00\u53d1\u6cb9\u6c14\u50a8\u91cf\uff08\u767e\u4e07\u6876\uff09 12946 13934 7110 9204 8192 2453 3148 2622 1130 5312 2144 1573 N\/A
\n\u5df2\u5f00\u53d1\u50a8\u91cf\u767e\u5206\u6bd4\uff08%\uff09 63.06 63.02 61.19 54.89 73.35 21.23 83.53 62.65 44.84 47.77 33.31 60.21 N\/A
\n\u50a8\u91cf\u66f4\u65b0\u6bd4\u7387\uff08%\uff09 188.82 126.16 73.67 113 308.29 129.44 94.81 73.98 199 110.6 65 N\/A 174
\n\u50a8\u91cf\u66ff\u6362\u6210\u672c-\u6bcf\u6876\u6cb9\u76f8\u5f53 6.84 7.29 18.82 13.91 15.3 11.89 17.8 23.29 24.27 9.54 N\/A N\/A N\/A
\n\u6cb9\u6c14\u50a8\u91cf\u5e74\u589e\u957f\u7387\uff08%\uff09 4.98 2.16 -2.4 -4.81 19.25 2.81 -0.45 -2.56 6.73 0 -4.01 N\/A 0.67
\n\u6cb9\u6c14\u65e5\u4ea7\u91cf\uff08\u5343\u6876\u76f8\u5f53\uff09 2915 4237 2558 3878 1936 3343 901 1076 455 2356 1770 1126 2298
\n\u50a8\u91cf\u4e0e\u751f\u4ea7\u6bd4\u7387\uff08%\uff09 19.3 14.3 12.45 11.85 15.8 9.47 11.46 10.65 15.19 12.47 9.96 6.34 19.5
\n\u77f3\u6cb9\u65e5\u4ea7\u91cf\uff08\u5343\u6876\uff09 2276 2681 1732 2475 972 1948 781 668 373 1506 1079 525 1920
\n\u5929\u7136\u6c14\u65e5\u4ea7\u91cf\uff08\u767e\u4e07\u7acb\u65b9\u5c3a\uff09 3759 9334 4956 8417 4970 8368 703 2449 491 4674 3955 3387 2224
\n\u6bcf\u80a1\u6cb9\u6c14\u50a8\u91cf\uff08\u6876\uff09 0.11 3.86 5.37 0.78 6.78 1.79 0.04 1.95 0.06 4.74 1.75 1.13 3.14
\n\u52d8\u63a2\u5f00\u53d1\u6210\u672c(\u7f8e\u5143\/\u6876\u6cb9\u76f8\u5f53) 6.84 14.57 22.86 8.76 57.34 12.42 17.8 23.29 41.59 10.64 38.36 26.45 N\/A
\n\u9644\u52a0\u52d8\u63a2\u6210\u672c(\u7f8e\u5143\/\u6876\u6cb9\u76f8\u5f53) 2.29 2.44 8.11 1.53 2.38 1.64 7.92 22.35 2.71 2.45 5.41 N\/A N\/A
\n\u5f00\u91c7\u6210\u672c\uff08\u7f8e\u5143\/\u6876\u6cb9\u76f8\u5f53\uff09 6.28 4.86 6.13 5.31 6.26 6.67 9.21 3.93 7.8 3.2 5.41 2.95 6.59
\n\u539f\u6cb9\u52a0\u5de5\u91cf\uff08\u5343\u6876\/\u65e5\uff09 2151 5603 2000 2823 2616 3862 2947 297 – 2454 534 1129 1892
\n\u52a0\u6cb9\u7ad9\u6570\u76ee 18207 34000 25800 24600 13000 45000 28801 1803 – 16534 4365 6806 5870
\n2006\u5e74\u8d22\u52a1\u6570\u636e\u5bf9\u6bd4
\n\u4e3b\u8425\u6536\u5165\uff08\u767e\u4e07\u7f8e\u5143\uff09 86420 335086 195341 262285 188523 318845 131033 66052 11157 153802 108082 69138 72727
\n\u51c0\u5229\u6da6\uff08\u767e\u4e07\u7f8e\u5143\uff09 17839 39500 17138 22000 15550 25442 6762 6334 3879 12585 11570 3921 11908
\n\u603b\u8d44\u4ea7\uff08\u767e\u4e07\u7f8e\u5143\uff09 111743 219015 132628 217601 164781 235276 78383 50517 19893 105223 116475 59616 98580
\n\u8d44\u672c\u56de\u62a5\u7387\uff08%\uff09 23.21 33.43 22.56 21.73 18.29 22.87 13.35 27.68 28.42 26 18.92 14.3 19.85
\n\u5458\u5de5\u4eba\u6570\uff08\u4eba\uff09 446290 82100 62500 97000 38400 108000 340886 25435 2929 95070 73572 36931 62266
\n\u6298\u73b0\u672a\u6765\u73b0\u91d1\u6d41\u91cf
\n(DCF\uff0c\u767e\u4e07\u7f8e\u5143) 144917 81084 92355 90614 64023 53797 35555 27606 24662 43994 43581 21171 N\/A
\n\u6570\u636e\u6765\u6e90\uff1aBloomberg\u3001\u56fd\u91d1\u8bc1\u5238\u3002<\/p>\n
\n\u8c08\u53ca\u77f3\u6cb9\uff0c\u81ea\u7136\u5c31\u7531\u8d44\u6e90\u8f6c\u79fb\u5230\u653f\u6cbb\u8fdb\u800c\u4e0a\u5347\u5230\u56fd\u5bb6\u6218\u7565\u5c42\u9762\u3002\u7531\u4e8e\u5357\u7f8e\u3001\u4e2d\u4e9a\u3001\u975e\u6d32\u3001\u4e2d\u4e1c\u3001\u4fc4\u7f57\u65af\u7b49\u6cb9\u6c14\u5bcc\u88d5\u56fd\u5bb6\u90fd\u5728\u5bfb\u627eOECD\u56fd\u5bb6\u4ee5\u5916\u7684\u6218\u7565\u5408\u4f5c\uff0c\u800c\u4e2d\u56fd\u6b63\u5728\u9501\u5b9a\u5168\u7403\u8d44\u6e90\u5e02\u573a\uff0c\u826f\u597d\u7684\u56fd\u9645\u5f62\u8c61\u4e3a\u5408\u4f5c\u521b\u9020\u4e86\u5951\u673a\u3002
\n\u622a\u6b62\u52302006\u5e74\u5e95\uff0c\u4e16\u754c\u539f\u6cb9\u63a2\u660e\u50a8\u91cf1.2\u4e07\u4ebf\u6876\uff0c\u5176\u4e2d61.5%\u96c6\u4e2d\u5728\u4e2d\u4e1c\u5730\u533a\uff0c\u5176\u6b21\u662f\u6b27\u6d32\u53ca\u6b27\u4e9a\u768412.0%\u3001\u975e\u6d32\u76849.7%\u3001\u4e2d\u5357\u7f8e\u76848.6%\u3001\u5317\u7f8e\u76845.0%\u4ee5\u53ca\u4e9a\u592a\u5730\u533a\u76843.4%\u3002\u56e0\u6b64\uff0c\u6211\u56fd\u5927\u529b\u53d1\u5c55\u4e0e\u524d\u82cf\u8054\u8bf8\u56fd\uff08\u4fc4\u7f57\u65af\u3001\u54c8\u8428\u514b\u65af\u5766\uff09\u53ca\u4e2d\u4e1c\u3001\u975e\u6d32\u5404\u56fd\u7b49\u5bcc\u6cb9\u6c14\u56fd\u5bb6\u7684\u80fd\u6e90\u5916\u4ea4\u3002\u643a\u653f\u6cbb\u4e4b\u4fbf\uff0c\u4e2d\u56fd\u7684\u4e09\u5927\u77f3\u6cb9\u5de8\u5934\u5f00\u59cb\u9010\u6b65\u8d70\u4e0a\u4e16\u754c\u7684\u80fd\u6e90\u821e\u53f0\uff0c\u5728\u52d8\u63a2\u5f00\u53d1\u3001\u5de5\u7a0b\u6280\u672f\u3001\u5f00\u91c7\u70bc\u5316\u6280\u672f\u7b49\u65b9\u9762\u90fd\u6709\u6240\u5efa\u6811\uff0c\u5728\u975e\u6d32\u3001\u5357\u7f8e\u6d32\u53ca\u4fc4\u7f57\u65af\u90fd\u5e7f\u6cdb\u7684\u5c55\u5f00\u8d44\u672c\u8fd0\u4f5c\uff0c\u6478\u7d22\u7740\u8d70\u4e0a\u8d44\u672c\u6269\u5f20\u4e4b\u8def\u3002\u4ee5\u4e2d\u77f3\u6cb9\u4e3a\u4f8b\uff0c\u76ee\u524d\u516c\u53f8\u572825\u4e2a\u56fd\u5bb6\u670965\u4e2a\u5408\u4f5c\u9879\u76ee\uff0c\u4ee5\u591a\u79cd\u8d44\u672c\u8fd0\u4f5c\u65b9\u5f0f\u63a7\u5236\u4e86\u5f88\u5927\u4e00\u90e8\u5206\u8d44\u6e90\u3002\u867d\u71362006\u5e74\u6743\u76ca\u4ea7\u91cf\u53ea\u67092800\u4e07\u5428\uff0c\u4f46\u8ba1\u5212\u57282010\u5e74\u524d\u5c06\u6d77\u5916\u6cb9\u6c14\u4f5c\u4e1a\u4ea7\u91cf\u63d0\u9ad8\u52308000\u4e07\u5428\u4ee5\u4e0a\u3002
\n2.\u6cb9\u6c14\u6295\u8d44\u663e\u8457\u63d0\u9ad8
\n\u5728\u6b64\u8f6e\u5168\u7403\u7ecf\u6d4e\u53d1\u5c55\u9ad8\u6f6e\u4e2d\uff0c\u7531\u4e8e\u53d1\u5c55\u4e2d\u56fd\u5bb6\u5c24\u5176\u662f\u4e2d\u3001\u5370\u4e24\u56fd\u4e0d\u65ad\u6500\u5347\u7684\u80fd\u6e90\u9700\u6c42\uff0c\u4fc3\u4f7f\u6cb9\u7530\u6295\u8d44\u5f97\u5230\u663e\u8457\u63d0\u9ad8\u3002\u6cb9\u4ef7\u50ac\u751f\u8d44\u672c\u6d8c\u5165\uff0c\u52d8\u63a2\u3001\u4e1a\u52a1\u5f97\u5230\u957f\u8db3\u53d1\u5c55\u3002\u6cb9\u4ef7\u4e0e\u6295\u8d44\u5bf9\u6bd4\u89c1\u56fe2\uff0c2006\u5e74\u4e16\u754c\u4e3b\u8981\u77f3\u6cb9\u5de8\u5934\u6295\u8d44\u89c1\u56fe3\u3002<\/p>\n
\n\u4e2d\u56fd\u77f3\u6cb9\u4e0eBP\u5408\u4f5c\u5728\u5e7f\u4e1c\u5408\u8d44\u5efa\u7acb\u4e86500\u5ea7\u52a0\u6cb9\u7ad9\uff0cBP\u3001\u5b89\u54e5\u62c9\u56fd\u5bb6\u77f3\u6cb9\u4ee5\u53ca\u4e2d\u56fd\u77f3\u5316\u8fd1\u65e5\u5ba3\u5e03\uff0c\u5176\u4f4d\u4e8e\u5b89\u54e5\u62c9\u6d77\u4e0a18\u533a\u5757\u7684\u5927Plutonio\u9879\u76ee\u5df2\u4e8e10\u67081\u65e5\u6b63\u5f0f\u6295\u4ea7\u3002\u4e2d\u56fd\u4e09\u5927\u77f3\u6cb9\u5de8\u5934\uff08\u4e2d\u77f3\u6cb9\u3001\u4e2d\u77f3\u5316\u3001\u4e2d\u6d77\u6cb9\uff09\u6b63\u5728\u9002\u5e94\u56fd\u9645\u8d44\u672c\u5e02\u573a\u7684\u6e38\u620f\u89c4\u5219\u3002
\n4.\u8d44\u672c\u8fd0\u4f5c\u624b\u6cd5\u65e5\u8d8b\u6210\u719f
\n\u56fd\u5185\u8d44\u672c\u5e02\u573a\u7684\u5feb\u901f\u53d1\u5c55\u4fc3\u8fdb\u884c\u4e1a\u5185\u8d44\u672c\u5e76\u8d2d\u52a0\u5feb\uff0c\u884c\u4e1a\u6574\u5408\u6e10\u8fdb\u5c55\u5f00\uff0c\u591a\u79cd\u56fd\u9645\u5e02\u573a\u4e0a\u6210\u719f\u7684\u64cd\u4f5c\u624b\u6cd5\u4e5f\u5df2\u5728\u56fd\u5185\u53f8\u7a7a\u89c1\u60ef\u3002\u4ee5\u4e2d\u77f3\u6cb9A\u80a1\u56de\u5f52\u4e3a\u4f8b\uff0c\u80fd\u521b\u51e0\u9879IPO\u8bb0\u5f55\uff0c\u4ece\u8d44\u672c\u624b\u6cd5\u770b\u5df2\u7ecf\u6210\u719f\uff0c\u5e76\u5c06\u7ed9\u56fd\u5185\u76f8\u5173\u884c\u4e1a\u4f01\u4e1a\u5e26\u6765\u5b9d\u8d35\u7684\u4e00\u624b\u7ecf\u9a8c\u3002\u4e2d\u77f3\u6cb9A\u80a1\u4e0a\u5e02\u52df\u96c6\u8d44\u91d1\u6295\u8d44\u9879\u76ee\u89c1\u88683\u3002<\/p>\n
\n\u9879\u76ee\u540d\u79f0 \u65b0\u589e\u4ea7\u80fd \u6295\u4ea7\u65e5\u671f \u6295\u8d44\u91d1\u989d\uff08\u4ebf\u5143\uff09
\n\u957f\u5e86\u6cb9\u7530\u539f\u6cb9\u4ea7\u80fd\u5efa\u8bbe \u539f\u6cb9212.8\u4e07\u5428 2010\u5e74 68.4
\n\u5927\u5e86\u6cb9\u7530\u539f\u6cb9\u4ea7\u80fd\u5efa\u8bbe \u539f\u6cb9147\u4e07\u5428 2010\u5e74 59.3
\n\u5180\u4e1c\u6cb9\u7530\u539f\u6cb9\u4ea7\u80fd\u5efa\u8bbe \u539f\u6cb950\u4e07\u5428 2009\u5e74 15.0
\n\u72ec\u5c71\u5b50\u77f3\u5316\u70bc\u6cb9\u53ca\u4e59\u70ef \u70bc\u6cb91000\u4e07\u5428
\n\u4e59\u70ef100\u4e07\u5428 2009\u5e74 175.0
\n\u5927\u5e86\u77f3\u5316\u4e59\u70ef \u4e59\u70ef60\u4e07\u5428 2010\u5e74 60<\/p>\n
\n\u5728\u6b64\uff0c\u9650\u4e8e\u7bc7\u5e45\u6211\u4eec\u4e0d\u80fd\u5bf9A\u80a1\u77f3\u6cb9\u5316\u5de5\u80a1\u8fdb\u884c\u5168\u9762\u7684\u5206\u6790\uff0c\u53ea\u597d\u622a\u53d6\u76ee\u524d\u8ba8\u8bba\u6bd4\u8f83\u591a\u7684\u5e02\u76c8\u7387\u6765\u7b80\u5355\u5206\u6790\u3002
\n\uff081\uff09\u8d8b\u52bf\u7279\u5f81
\n\u5728\u4e16\u754c\u8303\u56f4\u5185\uff0c\u4ece\u6307\u6570\u6837\u672c\u80a1\u52a0\u6743\u5e02\u76c8\u7387\u6570\u636e\u770b\uff0c1990\uff5e2006\u5e7417\u5e74\u95f4\uff0c\u4e2d\u56fd\u53f0\u6e7ePE\u5747\u503c\u6700\u9ad8\uff0c\u63a5\u8fd130\u500d\uff1b\u9999\u6e2f\u6700\u4f4e\uff0c\u7565\u8d85\u8fc715\u500d\uff1b\u7f8e\u56fd\u7ebd\u7ea6\u548c\u97e9\u56fd\u5c45\u4e2d\uff0c\u5206\u522b\u4e3a19.86\u500d\u548c16.17\u500d\u3002\u800c\u540c\u671f1993\uff5e2006\u5e74\uff0c\u6df1\u5e02\u6309\u6df1\u8bc1\u6210\u4efd\u6307\u6570\u6210\u4efd\u80a1\u8ba1\u7b97\u7684PE\u52a0\u6743\u5747\u503c\u4e3a33.28\u500d\uff0c\u6caa\u5e02\u6309\u4e0a\u8bc1\u7efc\u5408\u6307\u6570\u80a1\u8ba1\u7b97\u7684PE\u52a0\u6743\u5747\u503c\u4e3a33.46\u500d\uff0c\u660e\u663e\u9ad8\u4e8e\u4e16\u754c\u5e73\u5747\u6c34\u5e73\u30022007\u5e748\u6708\u6df1\u6caa\u5e02\u573aPE\u52a0\u6743\u5747\u503c\u5206\u522b\u4e3a58.4\u500d\u548c59.3\u500d\uff0c\u5728\u201c5.30\u5370\u82b1\u7a0e\u653f\u7b56\u201d\u4e4b\u540e\uff0cA\u80a1\u8d70\u51faW\u578b\u7b51\u5e95\u53cd\u8f6c\u884c\u60c5\uff0c\u81f3\u4eca\u672a\u9047\u5927\u9707\u8361\uff0c\u5e02\u573a\u8fdb\u5165\u6574\u4f53\u4ef7\u503c\u5168\u9762\u9ad8\u4f30\u65f6\u4ee3\u3002\u6b64\u540e\u591a\u5bb6\u673a\u6784\u5bf9A\u80a1\u7ed9\u51fa\u770b\u7a7a\u7684\u8bc4\u4ef7\uff0c\u4f46\u5728\u6d41\u52a8\u8fc7\u5269\u7684\u8d44\u91d1\u5e26\u52a8\u4e0b\uff0c\u6563\u6237\u3001\u673a\u6784\u7684\u725b\u5e02\u770b\u6da8\u5fc3\u7406\u4e0d\u51cf\uff0c\u76f4\u5230\u5982\u4eca\uff0cA\u80a1\u5e73\u5747\u5e02\u76c8\u7387\u5df2\u7ecf\u62b5\u53ca70\u500d\u3002\u5728\u6ca1\u6709\u91cd\u5927\u53d8\u52a8\u7684\u524d\u63d0\u4e0b\uff0c\u80a1\u7968\u5728\u60ef\u6027\u5e26\u52a8\u4e0b\u4e0d\u65ad\u521b\u51fa\u65b0\u9ad8\uff0c\u5982\u4eca\u9047\u5230\u4e2d\u56fd\u77f3\u6cb9A\u80a1\u4e0a\u5e02\u53d8\u52a8\u8bf1\u4f7f\u4e0b\uff0c\u673a\u6784\u53ca\u5927\u8d44\u91d1\u679c\u65ad\u53d8\u73b0\uff0c\u5373\u4f7f\u8003\u8651\u80a1\u6307\u671f\u8d27\u63a8\u51fa\u7684\u51c6\u5907\u5de5\u4f5c\uff0c\u4f46\u4ecd\u53ef\u4ee5\u5728\u66f2\u7ebf\u56de\u5f52\u540e\u9022\u4f4e\u5438\u7eb3\uff0c\u52a0\u4e4b\u5e74\u5e95\u57fa\u91d1\u7684\u64cd\u4f5c\u7279\u5f81\uff0c\u53ef\u4ee5\u8bf4\u4e2d\u77f3\u6cb9\u4e0a\u5e02\u540e\u9ad8\u5f00\u4f4e\u8d70\u7684\u683c\u5c40\u5e76\u4e0d\u51fa\u9884\u6599\u3002
\n\u6d77\u5916\u4e3b\u677f\u6837\u672c\u5e02\u573aPE\u503c\u6ce2\u52a8\u53d8\u5316\u89c1\u56fe4\u3002
\n\u56fe4 \u6d77\u5916\u4e3b\u677f\u6837\u672c\u5e02\u573aPE\u503c\u6ce2\u52a8\u53d8\u5316<\/p>\n
\n\uff082\uff09\u884c\u4e1a\u7279\u5f81
\n\u77f3\u6cb9\u80fd\u6e90\u80a1\u4efd\u672c\u5c31\u56e0\u4e3a\u662f\u5468\u671f\u6027\u884c\u4e1a\u5728\u56fd\u9645\u8303\u56f4\u5185\u4eab\u53d7\u7684\u5e02\u76c8\u7387\u975e\u5e38\u4f4e\uff0c\u8fd9\u662f\u7531\u4e8e\u5176\u53d7\u56fd\u9645\u7ecf\u6d4e\u53d1\u5c55\u5468\u671f\u3001\u52d8\u63a2\u5efa\u8bbe\u4ea7\u51fa\u5468\u671f\u7b49\u7b49\u5f71\u54cd\uff0c\u663e\u793a\u51fa\u5f88\u5f3a\u7684\u5468\u671f\u6027\u589e\u957f\u8d8b\u52bf\u800c\u5f88\u96be\u4fdd\u969c\u8f83\u957f\u65f6\u95f4\u5feb\u901f\u589e\u957f\u7684\u539f\u56e0\u3002\u800c\u5f71\u54cd\u4f30\u503c\u6c34\u5e73\u8fdb\u4e00\u6b65\u63d0\u9ad8\u7684\u4e3b\u8981\u969c\u788d\u4e4b\u4e00\u662f\u4e1a\u7ee9\u96be\u4ee5\u5927\u5e45\u63d0\u5347\u3002\u77f3\u6cb9\u5316\u5de5\u884c\u4e1a\u7684\u4e1a\u7ee9\u63d0\u5347\u5173\u952e\u770b\u6cb9\u4ef7\u3002\u56fd\u9645\u6cb9\u5e02\u4ef7\u683c\u7684\u9ad8\u9884\u671f\u4e0e\u56fd\u5185\u7684\u4ef7\u683c\u7ba1\u5236\u5f62\u6210\u5bf9\u6bd4\uff0c\u52a0\u4e4b11\u67081\u65e5\u56fd\u5185\u63d0\u9ad8\u6210\u54c1\u6cb9\u552e\u4ef7500\u5143\/\u5428\uff0c\u9884\u8ba12008\u5e74\u5965\u8fd0\u4f1a\u7ed3\u675f\u4e4b\u524d\uff0c\u56fd\u5185\u6cb9\u4ef7\u4e0d\u518d\u5177\u5907\u4e0a\u8c03\u6761\u4ef6\u3002\u800c\u70bc\u6cb9\u6210\u672c\u4e0a\u5347\u5f88\u5feb\uff0c\u76ee\u524d\u56fd\u5185\u51e0\u5927\u516c\u53f8\u70bc\u6cb9\u6bdb\u5229\u4ecd\u5904\u4e8e\u4e8f\u635f\u72b6\u6001\uff0c\u5982\u8981\u6062\u590d\u5230\u76c8\u4e8f\u5e73\u8861\uff0c\u6210\u54c1\u6cb9\u9700\u518d\u6b21\u63d0\u4ef7530\u5143\/\u5428\uff0c\u800c\u76ee\u524d\u6765\u770b\uff0c\u653f\u5e9c\u4e3a\u4e86\u63a7\u5236CPI\u6da8\u5e45\u3001\u7a33\u5b9a\u6c11\u751f\u3001\u964d\u4f4e\u63d0\u4ef7\u5e26\u6765\u7684\u8fde\u9501\u6da8\u4ef7\u6548\u5e94\uff0c\u77ed\u671f\u5185\u4e0d\u4f1a\u518d\u63d0\u9ad8\u4ef7\u683c\uff0c\u800c\u8fd9\u4e00\u6761\u4ef6\u5b8c\u5168\u9650\u5236\u4f4f\u77f3\u6cb9\u80fd\u6e90\u80a1\u7684\u5e02\u76c8\u7387\u4e0a\u6da8\u7a7a\u95f4\u3002<\/p>\n
\n\u884c\u4e1a NYSE \u9999\u6e2f \u4e2d\u56fd\u53f0\u6e7e \u97e9\u56fd
\n\u5747\u503c \u4e2d\u503c \u5747\u503c \u4e2d\u503c \u5747\u503c \u4e2d\u503c \u5747\u503c \u4e2d\u503c
\n\u534a\u5bfc\u4f53\u6216\u7535\u5b50\u5de5\u4e1a 18.65 18.65 12.28 12.28 12.73 12.99 10.77 \u2014
\n\u80fd\u6e90\u6216\u516c\u7528\u4e8b\u4e1a 13.64 10.95 13.10 12.28 14.53 14.53 10.97 \u2014
\n\u7efc\u5408 17.16 17.9 20.43 15.14 N\/A N\/A N\/A \u2014
\n\u6837\u672c\u5e02\u573aPE\u503c
\n\uff08\u7b97\u672f\u5e73\u5747\uff09 18.25 16.7 21.08 16.78 24.38 15.1 10.52 \u2014
\n\u6570\u636e\u6765\u6e90\uff1aBloomberg<\/p>\n
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