闄勮�よ偂鏉冭瘉鍏�鍙稿�哄埜鏈夊摢鍑犵��

    闄勮�よ偂鏉冭瘉鍏�鍙稿�哄埜鏈夊摢鍑犵�嶅�逛簬鐜板湪杩欎釜缁忔祹鍙戣揪鐨勭ぞ浼氾紝鐗╀环涔熼殢涔嬩笂娑�锛屽緢澶氫汉鐨勭敓娲讳篃甯稿洜姝ゅ叆涓嶆暦鍑猴紝鎱㈡參鐨勬洿瀹规槗灏嗚嚜宸辩殑璧勯噾鎶曞悜鍒╃敤鐜囨瘮杈冮珮鐨勫�哄埜甯傚満锛岃繖鏄�涓�绉嶇浉姣旀妸閽卞瓨鍦ㄩ摱琛屽埄鎭�鏇撮珮鐨勬柟娉曪紝閭ｄ箞闄勮�よ偂鏉冭瘉鍏�鍙稿�哄埜鏈夊摢鍑犵�嶅憿锛屼笅闈㈡垜浠�鏁寸悊鐩稿叧璧勬枡涓烘偍绠�鍗曠殑浠嬬粛涓�涓嬨��
  涓�銆侀檮璁よ瘉鑲℃潈璇佸叕鍙稿�哄埜
  闄勮�よ偂鏉冭瘉鍏�鍙稿�哄埜(Bond with attached warrant 鎴杄quity warrant bonds)(绠�绉癢Bs) 闄勮�よ偂鏉冭瘉鍏�鍙稿�哄埜鍙堢О鍙�鍒嗙�诲�哄埜锛岄檮璁よ偂鏉冭瘉鍏�鍙稿�猴紝闄勮�よ偂鏉冨�哄埜锛屾潵鑷�鑻辨枃Bond with attached warrant 鎴杄quity warrant bonds(绠�绉癢Bs)闄勮�よ偂鏉冭瘉鍏�鍙稿�哄埜鎸囧叕鍙稿�哄埜闄勬湁璁よ偂鏉冭瘉锛屾寔鏈変汉渚濇硶浜�鏈夊湪涓�瀹氭湡闂村唴鎸夌害瀹氫环鏍�(鎵ц�屼环鏍�)璁よ喘鍏�鍙歌偂绁ㄧ殑鏉冨埄锛屾槸鍊哄埜鍔犱笂璁よ偂鏉冭瘉鐨勪骇鍝佺粍鍚堛��
  浜屻�侀檮璁よ瘉鑲℃潈璇佸叕鍙稿�哄埜鐨勫垎绫�
  浠庢捣澶栧競鍦虹殑鏈夊叧瀹炶返鐪嬶紝闄勮�よ偂鏉冭瘉鍏�鍙稿�哄埜鍙�浠ュ垎涓衡�滃垎绂诲瀷鈥濅笌鈥滈潪鍒嗙�诲瀷鈥濓紝鍜屸�滅幇閲戞眹鍏ュ瀷鈥濅笌鈥滄姷缂村瀷鈥濄��1銆佸垎绂诲瀷鈥滃垎绂诲瀷鈥濇寚璁よ偂鏉冨嚟璇佷笌鍏�鍙稿�哄埜鍙�浠ュ垎寮�锛屽崟鐙�鍦ㄦ祦閫氬競鍦轰笂鑷�鐢变拱鍗�;鈥滈潪鍒嗙�诲瀷鈥濇寚璁よ偂鏉冩棤娉曚笌鍏�鍙稿�哄埜鍒嗗紑锛屼袱鑰呭瓨缁�鏈熼檺涓�鑷达紝鍚屾椂娴侀�氳浆璁╋紝鑷�鍙戣�岃嚦浜ゆ槗鍧囧悎浜屼负涓�锛屼笉寰楀垎寮�杞�璁┿�傞潪鍒嗙�诲瀷闄勮�よ偂鏉冭瘉鍏�鍙稿�哄埜杩戜技浜庡彲杞�鍊恒��2銆佺幇閲戞眹鍏ュ瀷鈥滅幇閲戞眹鍏ュ瀷鈥濇寚褰撴寔鏈変汉琛屼娇璁よ偂鏉冨埄鏃讹紝蹇呴』鍐嶆嬁鍑虹幇閲戞潵璁よ喘鑲＄エ;鈥滄姷缂村瀷鈥濆垯鎸囧叕鍙稿�虹エ闈㈤噾棰濇湰韬�鍙�鎸変竴瀹氭瘮渚嬬洿鎺ヨ浆鑲★紝濡傜幇琛屽彲杞�鎹㈠叕鍙稿�虹殑鏂瑰紡銆傛妸鈥滃垎绂诲瀷鈥濄�佲�滈潪鍒嗙�诲瀷鈥濅笌鈥滅幇閲戞眹鍏ュ瀷鈥濄�佲�滄姷缂村瀷鈥濊繘琛岀粍鍚堬紝鎴戜滑鍙�浠ュ緱鍒颁笉鍚岀殑浜у搧绫诲瀷銆�
  涓夈�佺浉鍏虫硶寰嬬煡璇�
  銆婁笂甯傚叕鍙歌瘉鍒稿彂琛岀�＄悊鍔炴硶銆嬬��浜屽崄鍏�鏉￠檮璁よ偂鏉冨叕鍙稿�哄埜搴斿綋鐢宠�峰湪涓婂競鍏�鍙歌偂绁ㄤ笂甯傜殑璇佸埜浜ゆ槗鎵�涓婂競浜ゆ槗銆傞檮璁よ偂鏉冨叕鍙稿�哄埜涓�鐨勫叕鍙稿�哄埜鍜岃�よ偂鏉冨垎鍒�绗﹀悎璇佸埜浜ゆ槗鎵�涓婂競鏉′欢鐨勶紝搴斿綋鍒嗗埆涓婂競浜ゆ槗銆傜��浜屽崄涔濇潯闄勮�よ偂鏉冨叕鍙稿�哄埜鐨勬湡闄愭渶鐭�涓轰竴骞淬�傚�哄埜鐨勯潰鍊笺�佸埄鐜囥�佷俊鐢ㄨ瘎绾с�佸伩杩樻湰鎭�銆佸�烘潈淇濇姢閫傜敤鏈�鍔炴硶绗�鍗佸叚鏉¤嚦绗�鍗佷節鏉＄殑瑙勫畾銆傜��涓夊崄鏉″彂琛岄檮璁よ偂鏉冨叕鍙稿�哄埜锛屽彂琛屼汉鎻愪緵鎷呬繚鐨勶紝閫傜敤鏈�鍔炴硶绗�浜屽崄鏉＄��浜屾�捐嚦绗�鍥涙�剧殑瑙勫畾銆傜��涓夊崄涓�鏉¤�よ偂鏉冧笂甯備氦鏄撶殑锛岃�よ偂鏉冭瘉绾﹀畾鐨勮�佺礌搴斿綋鍖呮嫭琛屾潈浠锋牸銆佸瓨缁�鏈熼棿銆佽�屾潈鏈熼棿鎴栬�屾潈鏃ャ�佽�屾潈姣斾緥銆傜��涓夊崄浜屾潯璁よ偂鏉冭瘉鐨勮�屾潈浠锋牸搴斾笉浣庝簬鍏�鍛婅�よ偂鏉冭瘉鍕熼泦璇存槑涔︽棩鍓嶄簩鍗佷釜浜ゆ槗鏃ュ叕鍙歌偂绁ㄥ潎浠峰拰鍓嶄竴涓�浜ゆ槗鏃ョ殑鍧囦环銆傜��涓夊崄涓夋潯璁よ偂鏉冭瘉鐨勫瓨缁�鏈熼棿涓嶈秴杩囧叕鍙稿�哄埜鐨勬湡闄愶紝鑷�鍙戣�岀粨鏉熶箣鏃ヨ捣涓嶅皯浜庡叚涓�鏈堬紝涓嶈秴杩囦簩鍗佸洓涓�鏈堛�傚嫙闆嗚�存槑涔﹀叕鍛婄殑鏉冭瘉瀛樼画鏈熼檺涓嶅緱璋冩暣銆傜��涓夊崄鍥涙潯璁よ偂鏉冭瘉鑷�鍙戣�岀粨鏉熻嚦灏戝凡婊″叚涓�鏈堣捣鏂瑰彲琛屾潈锛岃�屾潈鏈熼棿涓哄瓨缁�鏈熼檺灞婃弧鍓嶇殑涓�娈垫湡闂达紝鎴栬�呮槸瀛樼画鏈熼檺鍐呯殑鐗瑰畾浜ゆ槗鏃ャ�傜��涓夊崄浜旀潯鍕熼泦璇存槑涔﹀簲褰撶害瀹�,涓婂競鍏�鍙告敼鍙樺叕鍛婄殑鍕熼泦璧勯噾鐢ㄩ�旂殑锛岃祴浜堝�哄埜鎸佹湁浜轰竴娆″洖鍞�鐨勬潈鍒┿�傞�氳繃涓婅堪鏂囩珷鐨勪粙缁嶆垜浠�鍙�浠ユ壘鍒伴棶棰樷�滈檮璁よ偂鏉冭瘉鍏�鍙稿�哄埜鏈夊摢鍑犵�嶁�濈殑绛旀�堬紝閫佷笂鎵�杩帮紝闄勮�よ偂鏉冭瘉鍏�鍙稿�哄埜鍙�鍒嗕负鍒嗙�诲瀷鍜岄潪鍒嗙�诲瀷鐨勮繖涓ょ�嶇被鍨嬶紝灏界�¤繖绉嶅�哄埜甯傚満鍒╃泭姣旈摱琛岄珮鍑哄緢澶氾紝浣嗘槸闅忎箣甯︽潵鐨勯�庨櫓涔熸洿楂橈紝鎵�浠ラ壌浜庝繚瀹堝瀷鎶曡祫鑰呰繕鏄�閫夋嫨閾惰�屾瘮杈冨ソ銆�