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<title><![CDATA[商业交流（资本运作）]]> </title>
<description>
<![CDATA[为企业投融资咨询，顾问，为企业提供股权、债权、民间资金、国际资本运作。]]>
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<link>http://zqjfpy.blog.bokee.net/</link>
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<creator>zqjfpy</creator>
<pubDate>Wed, 17 Jan 2007 11:45:49 GMT+08:00 </pubDate>
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<item>
<title>风险投资的基本投资准则</title>
<link>http://www.bokee.net/blogmodule/weblogcomment_viewEntry/2084580.html</link>
<description>
<![CDATA[<h2 class="title">风险投资的基本投资准则</h2>
<p><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">风险投资机构的投资决策是建立在极为科学及周密的调查和研究的基础之上的，一般是基于以下三个基本准则：</span><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><br /></span><strong><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">　　</span><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">1. </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">评估市场需求</span><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><br /></span></strong><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">　　一个成功的风险企业必须要有一个好的技术，所以有经验的国际风险投资机构一定会从技术的角度来评估新的技术。市场是否能接受、进入市场是否及时、采用该技术之后的新产品是否可靠等这些都是更为重要的因素。</span><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><br /></span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">　　因此国际风险投资机构首先会从市场的角度来评估技术，比如技术、产品的市场需求会如何发展</span><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">? </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">新产品如何打入市场</span><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">?<br /></span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">　　其次，国际风险投资机构会从市场竞争的激烈程度来评估。企业的产品最好是市场上独一无二或远远优胜于其他同类产品的产品。通常风险投资机构感兴趣的都是些有申请专利潜质或是已申请了专利的产品。</span><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><br /></span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">　　更为重要的是，是否有一支能把技术变为产品的有经验管理队伍，因为只有他们才能保证产品及时进入市场。因此，国际投资机构期望的管理队伍是由一批具有高度成就欲的人所组成，他们都是各自领域内的专家高手，如工程、市场、销售和研究开发等领域。</span><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><br /></span><strong><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">　　</span><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">2. </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">核算投资成本</span><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><br /></span></strong><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">　　既然风险投资的成功率不高，投资公司就需要极为谨慎地计算为发展风险企业所需的成本。计算企业的财务预算，常常是要计划预算至三、五年或八年甚至更长，需要估算一个新起步的公司由亏损转盈利所需的总资本，还需要知道这个公司大概要花多少年时间才可转亏转盈，评估至</span><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">10</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">年后的公司收入和利润，从而研判他们投资收益的目标是否能够达到。</span><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><br /></span><strong><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">　　</span><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体">3. </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">有把握地回收投资</span><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA; mso-fareast-font-family: 宋体"><br /></span></strong><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">　　国际风险投资机构真正感兴趣的并不是控制他们所投资的公司，而是要把投资资本及大部分的收益回馈给原始投资者。在所投公司成功之后，投资机构便要开始寻找将资本变为现金的各种可能。途径一般有三条:</span></p>
<p><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA"></span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">一、<span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">股票上市；</span></span></p>
<p><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA"><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">二、<span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">股份转让；</span></span></span></p>
<p><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA"><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA"><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">三、<span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">公司清理。</span></span></span></span></p>
<span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-ascii-font-family: Verdana; mso-hansi-font-family: Verdana; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA"><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA"><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA"><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">
<p class="MsoNormal" style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto" align="left"><span style="FONT-SIZE: 12pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">　风险投资机构会研判最佳转出方式的可行性和困难性，如果他们对转出的方式毫无把握，他们是不会轻易做出投资决定的。</span><span lang="EN-US" style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt"> </span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto" align="left"><strong><span style="FONT-SIZE: 12pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">说明：</span></strong><span style="FONT-SIZE: 12pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">以上仅是一般投资公司的基本要求，对于每个投资机构其投资方向、战略与具体策略都不一样，了解你的投资合作对象，并在商业计划书中进行针对性的设计<span lang="EN-US">-</span>这将是你成功融的资的关键一步，以下是<strong>申请国际金融公司</strong>投资合作或融资的先决条件：</span><span lang="EN-US" style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: Verdana; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt"> </span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt"><span style="mso-spacerun: yes">&nbsp;1、</span>国有股权小于<span lang="EN-US">50%</span>的非国有企业，或乡镇企业、民营股份公司、三资企业<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">&nbsp;2、企业总资产在一亿五千万元人民币以上，项目的总投资规模在八千万元人民币以上</span></p>
<p><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">3、<span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">企业的主营业务集中，在行业中居领先地位<span lang="EN-US"> </span></span></span></p>
<p>&nbsp;</p>
<p><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">4、企业有长期发展的战略，愿意采用明晰的财务会计制度</span></p>
<p><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA"><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">项目建议书<span lang="EN-US">Business Plan</span>应包含下列基本资料：</span></span></p>
<span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA"><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><strong><span lang="EN-US" style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">1.</span></strong><strong><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">项目概况</span></strong><span lang="EN-US" style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt"> </span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><strong><span lang="EN-US" style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">2.</span></strong><strong><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">发起人，管理层和技术援助</span></strong><span lang="EN-US" style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt"> </span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">（1）公司的历史<span lang="EN-US">,</span>发起人的主业及财务情况<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">（2）建议的管理结构，管理层名单及履历<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">（3）有关技术安排和其他外来援助（管理、生产、营销和财务等方面）的情况<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><strong><span lang="EN-US" style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">3.</span></strong><span lang="EN-US" style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">&nbsp; </span><strong><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">市</span></strong><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">场与销售<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">（1）基本的目标市场：本地<span lang="EN-US">,</span>国内<span lang="EN-US">,</span>地区或出口<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">（2）拟建企业的预期产量、单价、销售目标和市场份额<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">（3）产品的潜在客户及分销渠道<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">（4）目前同类产品的市场来源。未来竞争和由替代产品满足市场需求的可能性。<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">（5）影响到产品的关税保护和进口限制<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">（6）决定市场潜力的关键因素<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><strong><span lang="EN-US" style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">4.</span></strong><span lang="EN-US" style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">&nbsp; </span><strong><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">技术可行性<span lang="EN-US">,</span>人力<span lang="EN-US">,</span>原材料来源和环境</span></strong></p>
<strong><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt"></span></strong><span lang="EN-US" style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">（1）生产过程简介<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">（2）关于技术复杂度，对技术决窍和特别技能的要求<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">（3）设备的可能供给人<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">（4)人力和基础设施<span lang="EN-US">(</span>运输<span lang="EN-US">/</span>通讯<span lang="EN-US">/</span>电力和水等<span lang="EN-US">)</span></span></p>
<span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA"><span lang="EN-US">
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">&nbsp;(5)详细的项目运行成本和主要开支类别<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">&nbsp;(6)原材料的来源、成本、质量和与相关产业的关系<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">&nbsp;(7)所需原材料的进口限制<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">&nbsp;(8)项目选址与原材料供应、市场、基础设施和劳动力的关系<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">&nbsp;(9)拟建项目规模与现有同类企业规模的比较<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><strong><span lang="EN-US" style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">5.</span></strong><span lang="EN-US" style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">&nbsp; </span><strong><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">潜在的环境问题及解决方案投资要求，项目融资与回报：</span></strong><span lang="EN-US" style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt"> </span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">(1)预计项目总成本，详细说明土地、建筑、设备和运营资金，说明外汇比例<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">(2)项目的财务结构计划，说明来源及股权及债务融资的条件<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">(3)预期财务情况，盈利及投资回报<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">(4)影响利润的关键因素<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><strong><span lang="EN-US" style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">6.</span></strong><span lang="EN-US" style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">&nbsp; </span><strong><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">政府支持与管理</span></strong><span lang="EN-US" style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt"> </span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">(1)项目与政府经济发展与投资计划的关系<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">(2)项目所能获得的政府鼓励与支持<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">(3)项目对经济发展的贡献<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">(4)政府对外汇管制、资本投入和收回的条件简介<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><strong><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">7.</span></strong><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">&nbsp; </span><strong><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">预期项目的筹备与完成时间表</span></strong></p>
<p>&nbsp;</p>
</span></span></span></span></span></span></span></span></span>]]>
</description>
<guid isPermaLink="false">http://www.bokee.net/blogmodule/weblogcomment_viewEntry/2084580.html</guid>
<subject>投资知识</subject>
<author>zqjfpy</author>
<category>投资知识</category>
<pubDate>Mon, 25 Aug 2008 23:11:09 GMT+08:00 </pubDate>
</item>

<item>
<title>协助企业上市（借壳上市）</title>
<link>http://www.bokee.net/blogmodule/weblogcomment_viewEntry/2060275.html</link>
<description>
<![CDATA[<h4 class="title">协助企业上市（借壳上市） </h4>
<p>&nbsp;</p>
<p>我们寻求能源方面企业有需要融资借贷，以借壳上市方式帮助企业上市；具体相关情况请邮件联系。</p>
<p>电话：15811460098</p>
<p>邮箱：<a href="mailto:rongzi360@163.com">rongzi360@163.com</a></p>]]>
</description>
<guid isPermaLink="false">http://www.bokee.net/blogmodule/weblogcomment_viewEntry/2060275.html</guid>
<subject>境内外投融资</subject>
<author>zqjfpy</author>
<category>境内外投融资</category>
<pubDate>Fri, 15 Aug 2008 09:41:25 GMT+08:00 </pubDate>
</item>

<item>
<title>产业投资基金试点管理办法框架初定 </title>
<link>http://www.bokee.net/blogmodule/weblogcomment_viewEntry/2057330.html</link>
<description>
<![CDATA[<span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA"><span lang="EN-US">&nbsp;
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: center; mso-pagination: widow-orphan" align="center"><strong><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">产业投资基金试点管理办法框架初定</span></strong><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt"> </span></p>
<p>&nbsp;</p>
<p><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA"></span></p>
<p><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">商业银行或将可投资产业基金</span></p>
<p><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA"></span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">《办法》草稿规定，产业投资基金的组织形式可以分为公司制、有限合伙企业或信托等三种形式。发改委负责产业投资基金的设立和其投资运作的监督管理<span lang="EN-US"><br /><br /></span>　　产业投资基金在中国的发展即将翻开新的一页。继<span lang="EN-US">200</span>亿元总额度的渤海产业投资基金获得国务院批准之后，《产业投资基金试点管理办法》（下称《办法》）目前也正在紧急研究制定。《第一财经日报》获悉，《办法》草稿的大框架已定，正在进一步修改完善之中。<span lang="EN-US"><br /></span></span></p>
<p><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">日前，国家发展和改革委员会再次召集金融机构相关负责人、律师以及北京大学的金融学教授们进行了《办法》的法律政策研究。这是<span lang="EN-US">&ldquo;</span>十一<span lang="EN-US">&rdquo;</span>长假之后的第三次开会研究，而《办法》的草稿也几经修改。据参会人士介绍，此前一次会议的地点乃是高盛高华的北京办公室，而参会机构除高盛高华之外，还包括国家开发银行、全国社保基金理事会、中银国际以及鼎晖创业投资。</span><br /><br /></p>
</span>　　据参会人士介绍，在目前的《办法》草稿中这样规定，在境内以产业投资基金名义，通过私募形式主要向特定机构投资者筹集资金设立的产业投资基金，由基金管理人管理，在境内主要从事未上市企业股权投资活动，适用本办法。其中<span lang="EN-US">&ldquo;</span>特定机构投资者<span lang="EN-US">&rdquo;</span>包括国有企业、国家控股的商业银行、保险公司、信托投资公司、证券公司等金融机构，全国社保基金理事会等机构投资者。<span lang="EN-US"><br /><br /></span>　　《办法》草稿同时规定，产业投资基金的组织形式可以分为公司制、有限合伙企业或信托等三种形式。发改委负责产业投资基金的设立和其投资运作的监督管理。<span lang="EN-US"><br /><br /></span>　　发改委相关官员昨日告诉《第一财经日报》，《办法》从修改、制定到获批、出台，还要有一段时间，<span lang="EN-US">&ldquo;</span>不同部门之间还有一些问题需要协调<span lang="EN-US">&rdquo;</span>。<span lang="EN-US"><br /><br /></span>　　尽管呼吁多年，私募基金在中国一直未有大的发展。海外私募股权基金促进中国中小企业发展的同时，也大量侵吞了企业高速成长的利润。为了贯彻国民经济社会发展战略、调整优化产业结构和促进区域经济协调发展的需要，国务院授权发改委负责产业基金的试点组织工作。据悉，参会人士都对研究讨论这样具有<span lang="EN-US">&ldquo;</span>历史意义<span lang="EN-US">&rdquo;</span>的事件热情颇高。<span lang="EN-US"><br /><br /></span>　　事实上，产业投资基金出台的时机目前已经成熟。总额度为<span lang="EN-US">200</span>亿元的渤海产业投资基金此前已获国家批准。由中人寿、国家开发银行、全国社保基金理事会、邮政储汇局、中银集团以及泰达控股等<span lang="EN-US">6</span>家机构发起的首期<span lang="EN-US">60</span>亿元的渤海产业投资基金和基金管理公司即将成立。而在《中华人民共和国国民经济和社会发展第十一个五年规划纲要》中也明确规定，加快金融机制改革，<span lang="EN-US">&ldquo;</span>发展创业投资，做好产业投资基金试点工作<span lang="EN-US">&rdquo;</span>。<span lang="EN-US"><br /><br /></span>　　发改委金融司副司长曹文炼曾在社科院的演讲中表示，《合伙企业法》允许基金投资人以有限责任的方式加入合伙企业和保险资金可间接投资基础设施，为发展产业投资基金提供了法律环境和体制条件。曹文炼同时表示，应允许商业银行投资产业基金以解决银行资金出路问题。<span lang="EN-US"><br style="mso-special-character: line-break" /><br style="mso-special-character: line-break" /></span></span>]]>
</description>
<guid isPermaLink="false">http://www.bokee.net/blogmodule/weblogcomment_viewEntry/2057330.html</guid>
<subject>政策方面</subject>
<author>zqjfpy</author>
<category>政策方面</category>
<pubDate>Wed, 13 Aug 2008 23:05:06 GMT+08:00 </pubDate>
</item>

<item>
<title>中小企业12奇招融资金</title>
<link>http://www.bokee.net/blogmodule/weblogcomment_viewEntry/1768206.html</link>
<description>
<![CDATA[<p><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">中小企业12奇招融资金<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">目前各地实行和创新出来的中小企业融资方式主要有以下<span lang="EN-US">12</span>种：<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><span lang="EN-US"></span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">综合授信<span lang="EN-US"><br />&nbsp;</span>即银行对一些经营状况好、信用可靠的企业，授予一定时期内一定金额的信贷额度，企业在有效期与额度范围内可以循环使用。综合授信额度由企业一次性申报有关材料，银行一次性审批。企业可以根据自己的营运情况分期用款，随借随还，企业借款十分方便，同时也节约了融资成本。银行采用这种方式提供贷款，一般适用对有工商登记、年检合格、管理有方、信誉可靠、同银行有较长期合作关系的企业。<span lang="EN-US"><br /><br />&nbsp;</span>信用担保贷款<span lang="EN-US"><br />&nbsp;</span>目前在全国<span lang="EN-US">31</span>个盛市中，已有<span lang="EN-US">100</span>多个城市建立了中小企业信用担保机构。这些机构大多实行会员制管理的形式，属于公共服务性、行业自律性、自身非盈利性组织。担保基金的来源，一般是由当地政府财政拨款、会员自愿交纳的会员基金、社会募集的资金、商业银行的资金等几部分组成。会员企业向银行借款时，可以由中小企业担保机构予以担保。另外，中小企业还可以向专门开展中介服务的担保公司寻求担保服务。当企业提供不出银行所能接受的担保措施时，如抵押、质押或第三方信用保证人等，担保公司却可以解决这些难题。因为与银行相比而言，担保公司对抵押品的要求更为灵活。当然，担保公司为了保障自己的利益，往往会要求企业提供反担保措施，有时担保公司还会派员到企业监控资金流动情况。<span lang="EN-US"><br /><br />&nbsp;</span>买方贷款<span lang="EN-US"><br />&nbsp;</span>如果企业的产品有可靠的销路，但在自身资本金不足、财务管理基础较差、可以提供的担保品或寻求第三方担保比较困难的情况下，银行可以按照销售合同，对其产品的购买方提供贷款支持。卖方可以向买方收取一定比例的预付款，以解决生产过程中的资金困难。或者由买方签发银行承兑汇票，卖方持汇票到银行贴现。<span lang="EN-US"><br /><br />&nbsp;</span>异地联合协作贷款<span lang="EN-US"><br />&nbsp;</span>有些中小企业产品销路很广，或者是为某些大企业提供配套零部件，或者是企业集团的松散型子公司。在生产协作产品过程中，需要补充生产资金，可以寻求一家主办银行牵头，对集团公司统一提供贷款，再由集团公司对协作企业提供必要的资金，当地银行配合进行合同监督。也可由牵头银行同异地协作企业的开户银行结合，分头提供贷款。<span lang="EN-US"><br /><br />&nbsp;</span>项目开发贷款<span lang="EN-US"><br />&nbsp;</span>一些高科技中小企业如果拥有重大价值的科技成果转化项目，初始投入资金数额比较大，企业自有资本难以承受，可以向银行申请项目开发贷款。商业银行对拥有成熟技术及良好市场前景的高新技术产品、或专利项目的中小企业以及利用高新技术成果进行技术改造的中小企业，将会给予积极的信贷支持，以促进企业加快科技成果转化的速度。对与高等院校、科研机构建立稳定项目开发关系或拥有自己研究部门的高科技中小企业，银行除了提供流动资金贷款外，也可办理项目开发贷款。<span lang="EN-US"><br /><br />&nbsp;</span>出口创汇贷款<span lang="EN-US"><br />&nbsp;</span>对于生产出口产品的企业，银行可根据出口合同，或进口方提供的信用签证，提供打包贷款。对有现汇账户的企业，可以提供外汇抵押贷款。对有外汇收入来源的企业，可以凭结汇凭证取得人民币贷款。对出口前景看好的企业，还可以商借一定数额的技术改造贷款。<span lang="EN-US"><br /><br />&nbsp;</span>自然人担保贷款<span lang="EN-US"><br />&nbsp;2002</span>年<span lang="EN-US">8</span>月，中国工商银行率先推出了自然人担保贷款业务，今后工商银行的境内机构，对中小企业办理期限在<span lang="EN-US">3</span>年以内的信贷业务时，可以由自然人提供财产担保并承担代偿责任。自然人担保可采取抵押、权利质押、抵押加保证三种方式。可作抵押的财产包括个人所有的房产、土地使用权和交通运输工具等。可作质押的个人财产包括储蓄存单、凭证式国债和记名式金融债券。抵押加保证则是指在财产抵押的基础上，附加抵押人的连带责任保证。如果借款人未能按期偿还全部贷款本息或发生其他违约事项，银行将会要求担保人履行担保义务。<span lang="EN-US"><br /><br />&nbsp;</span>个人委托贷款<span lang="EN-US"><br />&nbsp;</span>中国建设银行、民生银行、中信实业银行等商业银行相继推出了一项融资业务新品种&mdash;&mdash;个人委托贷款。即由个人委托提供资金，由商业银行根据委托人确定的贷款对象、用途、金额、期限、利率等，代为发放、监督、使用并协助收回的一种贷款。办理个人委托贷款的基本程序是：<span lang="EN-US">1</span>．由委托人向银行提出放款申请。<span lang="EN-US">2</span>．银行根据双方的条件和要求进行选择配对，并分别向委托方和借款方推介。<span lang="EN-US">3</span>．委托人和借款人双方直接见面，就具体事项和细节如借款金额、利率、贷款期限、还款方式等进行洽谈协商并作出决定。<span lang="EN-US">4</span>．借贷双方谈妥要求条件之后，一起到银行并分别与银行签订委托协议。<span lang="EN-US">5</span>．银行对借贷人的资信状况及还款能力进行调查并出具调查报告，然后借贷双方签订借款合同并经银行审批后发放贷款。<span lang="EN-US"><br /><br />&nbsp;</span>无形资产担保贷款<span lang="EN-US"><br />&nbsp;</span>依据《中华人民共和国担保法》的有关规定，依法可以转让的商标专用权、专利权、著作权中的财产权等无形资产都可以作为贷款质押物。<span lang="EN-US"><br /><br />&nbsp;</span>票据贴现融资<span lang="EN-US"><br />&nbsp;</span>票据贴现融资，是指票据持有人将商业票据转让给银行，取得扣除贴现利息后的资金。在我国，商业票据主要是指银行承兑汇票和商业承兑汇票。这种融资方式的好处之一是银行不按照企业的资产规模来放款，而是依据市场情况（销售合同）来贷款。企业收到票据至票据到期兑现之日，往往是少则几十天，多则<span lang="EN-US">300</span>天，资金在这段时间处于闲置状态。企业如果能充分利用票据贴现融资，远比申请贷款手续简便，而且融资成本很低。票据贴现只需带上相应的票据到银行办理有关手续即可，一般在<span lang="EN-US">3</span>个营业日内就能办妥，对于企业来说，这是&ldquo;用明天的钱赚后天的钱&rdquo;，这种融资方式值得中小企业广泛、积极地利用。<span lang="EN-US"><br /><br />&nbsp;</span>金融租赁<span lang="EN-US"><br />&nbsp;</span>金融租赁在经济发达国家已经成为设备投资中仅次于银行信贷的第二大融资方式。金融租赁是一种集信贷、贸易、租赁于一体，以租赁物件的所有权与使用权相分离为特征的新型融资方式。设备使用厂家看中某种设备后，即可委托金融租赁公司出资购得，然后再以租赁的形式将设备交付企业使用。当企业在合同期内把租金还清后，最终还将拥有该设备的所有权。通过金融租赁，企业可用少量资金取得所需的先进技术设备，可以边生产、边还租金，对于资金缺乏的企业来说，金融租赁不失为加速投资、扩大生产的好办法；就某些产品积压的企业来说，金融租赁不失为促进销售、拓展市场的好手段。<span lang="EN-US"><br /><br />&nbsp;</span>典当融资<span lang="EN-US"><br />&nbsp;</span>典当是以实物为抵押，以实物所有权转移的形式取得临时性贷款的一种融资方式。与银行贷款相比，典当贷款成本高、贷款规模小，但典当也有银行贷款所无法相比的优势。<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -36pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt" align="left"><span lang="EN-US" style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><span style="mso-list: Ignore">第一，</span></span><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">与银行对借款人的资信条件近乎苛刻的要求相比，典当行对客户的信用要求几乎为零，典当行只注重典当物品是否货真价实。而且一般商业银行只做不动产抵押，而典当行则可以动产与不动产质押二者兼为。<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -36pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt" align="left"><span lang="EN-US" style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><span style="mso-list: Ignore">第二，</span></span><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">到典当行典当物品的起点低，千元、百元的物品都可以当。与银行相反，典当行更注重对个人客户和中小企业服务。<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -36pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt" align="left"><span lang="EN-US" style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><span style="mso-list: Ignore">第三，</span></span><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">与银行贷款手续繁杂、审批周期长相比，典当贷款手续十分简便，大多立等可取，即使是不动产抵押，也比银行要便捷许多。<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -36pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt" align="left"><span lang="EN-US" style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><span style="mso-list: Ignore">第四，</span></span><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">客户向银行借款时，贷款的用途不能超越银行指定的范围。而典当行则不问贷款的用途，钱使用起来十分自由。周而复始，大大提高了资金使用率。<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -36pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt" align="left"><span lang="EN-US" style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体"><span style="mso-list: Ignore">第五，</span></span><span style="FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">已于<chsdate w:st="on" isrocdate="False" islunardate="False" day="1" month="1" year="2003"></chsdate><span lang="EN-US">2003</span>年<span lang="EN-US">1</span>月<span lang="EN-US">1</span>日正式实施的《中小企业促进法》必将进一步督促金融机构加大对中小企业的信贷支持力度，进一步改善中小企业的融资环境。事实上从<span lang="EN-US">1997</span>年以来，宏观金融政策已经开始为中小企业拓宽了融资空间。按照中国人民银行的要求，各国有商业银行都已设立了中小企业信贷部、商业银行和城乡信用社，开始通过制度创新和工具创新，为中小企业开拓融资渠道。<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>]]>
</description>
<guid isPermaLink="false">http://www.bokee.net/blogmodule/weblogcomment_viewEntry/1768206.html</guid>
<subject>投融资渠道</subject>
<author>zqjfpy</author>
<category>投融资渠道</category>
<pubDate>Sun, 11 May 2008 12:18:26 GMT+08:00 </pubDate>
</item>

<item>
<title>中国投资公司大全 </title>
<link>http://www.bokee.net/blogmodule/weblogcomment_viewEntry/1720237.html</link>
<description>
<![CDATA[<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">中国投资公司大全<span lang="EN-US"> <br style="mso-special-character: line-break" /><br style="mso-special-character: line-break" /></span></span></p>
<p>&nbsp;</p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 12pt 36pt; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">IDG</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-font-kerning: 0pt; mso-bidi-font-family: 宋体">技术创业投资基金<span lang="EN-US"> 195 </span>个投资事件<span lang="EN-US"> <br /></span>联想投资有限公司<span lang="EN-US"> 60 </span>个投资事件<span lang="EN-US"> <br /></span>英特尔投资<span lang="EN-US"> 59 </span>个投资事件<span lang="EN-US"> <br /></span>深圳市创新投资集团有限公司<span lang="EN-US"> 53 </span>个投资事件<span lang="EN-US"> <br /></span>上海联创投资管理有限公司<span lang="EN-US"> 53 </span>个投资事件<span lang="EN-US"> <br /></span>集富创业投资（香港）有限公司<span lang="EN-US"> 52 </span>个投资事件<span lang="EN-US"> <br /></span>赛富亚洲投资基金管理公司<span lang="EN-US"> 45 </span>个投资事件<span lang="EN-US"> <br /></span>美国中经合集团<span lang="EN-US"> 42 </span>个投资事件<span lang="EN-US"> <br /></span>华登太平洋创业投资管理有限公司<span lang="EN-US"> 38 </span>个投资事件<span lang="EN-US"> <br /></span>华平创业投资有限公司<span lang="EN-US"> 38 </span>个投资事件<span lang="EN-US"> <br /></span>智基创投股份有限公司<span lang="EN-US"> 37 </span>个投资事件<span lang="EN-US"> <br /></span>晨兴科技投资公司<span lang="EN-US"> 32 </span>个投资事件<span lang="EN-US"> <br /></span>高盛亚洲<span lang="EN-US"> 31 </span>个投资事件<span lang="EN-US"> <br /></span>软银中国创业投资有限公司<span lang="EN-US"> 29 </span>个投资事件<span lang="EN-US"> <br /></span>成为基金<span lang="EN-US"> 29 </span>个投资事件<span lang="EN-US"> <br /></span>上海华盈创业投资基金管理有限公司<span lang="EN-US"> 29 </span>个投资事件<span lang="EN-US"> <br /></span>凯雷投资集团<span lang="EN-US"> 28 </span>个投资事件<span lang="EN-US"> <br />Susquehanna China Venture Capital &amp; Private Equity 27 </span>个投资事件<span lang="EN-US"> <br /></span>红杉资本中国基金<span lang="EN-US"> 25 </span>个投资事件<span lang="EN-US"> <br /></span>江苏高科技投资集团<span lang="EN-US"> 25 </span>个投资事件<span lang="EN-US"> <br /></span>招商局富鑫资产管理有限公司<span lang="EN-US"> 24 </span>个投资事件<span lang="EN-US"> <br />Doll</span>资金管理公司<span lang="EN-US"> 23 </span>个投资事件<span lang="EN-US"> <br /></span>维众创业投资集团<span lang="EN-US">(</span>中国<span lang="EN-US">)</span>有限公司<span lang="EN-US"> 22 </span>个投资事件<span lang="EN-US"> <br />The Cathay Capital Group 21 </span>个投资事件<span lang="EN-US"> <br />Granite Global Ventures 21 </span>个投资事件<span lang="EN-US"> <br /></span>兰馨亚洲投资集团<span lang="EN-US"> 20 </span>个投资事件<span lang="EN-US"> <br /></span>卓凡创业投资公司（<span lang="EN-US">Jovan Ventures</span>）<span lang="EN-US"> 19 </span>个投资事件<span lang="EN-US"> <br />ePlanet Ventures</span>（<span lang="EN-US">DFJ ePlanet Ventures</span>）<span lang="EN-US"> 19 </span>个投资事件<span lang="EN-US"> <br /></span>富达国际创业投资有限公司<span lang="EN-US"> 19 </span>个投资事件<span lang="EN-US"> <br /></span>北京鼎晖创业投资中心<span lang="EN-US"> 18 </span>个投资事件<span lang="EN-US"> <br /></span>清华科技园创业投资有限公司<span lang="EN-US"> 18 </span>个投资事件<span lang="EN-US"> <br /></span>联创策源（<span lang="EN-US">CEYUAN VENTURES</span>）<span lang="EN-US"> 17 </span>个投资事件<span lang="EN-US"> <br /></span>祥峰中国投资公司<span lang="EN-US"> 16 </span>个投资事件<span lang="EN-US"> <br /></span>美国梧桐投资公司<span lang="EN-US"> 15 </span>个投资事件<span lang="EN-US"> <br />Investor Growth Capital Asia 15 </span>个投资事件<span lang="EN-US"> <br />Tiger Management 14 </span>个投资事件<span lang="EN-US"> <br /></span>龙科创业投资管理有限公司<span lang="EN-US"> 14 </span>个投资事件<span lang="EN-US"> <br /></span>金沙江创业投资基金<span lang="EN-US"> 14 </span>个投资事件<span lang="EN-US"> <br />New Enterprise Associates 14 </span>个投资事件<span lang="EN-US"> <br /></span>英联投资有限公司<span lang="EN-US"> 13 </span>个投资事件<span lang="EN-US"> <br /></span>戈壁合伙人有限公司<span lang="EN-US"> 13 </span>个投资事件<span lang="EN-US"> <br /></span>广州科技风险投资有限公司<span lang="EN-US"> 13 </span>个投资事件<span lang="EN-US"> <br />3i</span>集团<span lang="EN-US"> 13 </span>个投资事件<span lang="EN-US"> <br /></span>深圳清华力合创业投资有限公司<span lang="EN-US"> 12 </span>个投资事件<span lang="EN-US"> <br />H&amp;Q Asia Pacific 12 </span>个投资事件<span lang="EN-US"> <br /></span>北极光创业投资基金<span lang="EN-US"> 12 </span>个投资事件<span lang="EN-US"> <br />Morgan Stanley 11 </span>个投资事件<span lang="EN-US"> <br /></span>摩托罗拉风险投资部<span lang="EN-US"> 10 </span>个投资事件<span lang="EN-US"> <br /></span>永威投资有限公司<span lang="EN-US"> 10 </span>个投资事件<span lang="EN-US"> <br /></span>黑龙江辰能哈工大高科技风险投资有限公司<span lang="EN-US"> 10 </span>个投资事件<span lang="EN-US"> <br /></span>上海实业控股有限公司<span lang="EN-US"> 9 </span>个投资事件<span lang="EN-US"> <br /></span>深港产学研创业投资有限公司<span lang="EN-US"> 9 </span>个投资事件<span lang="EN-US"> <br /></span>蓝山中国资本<span lang="EN-US"> 9 </span>个投资事件<span lang="EN-US"> <br /></span>汇丰直接投资（亚洲）有限公司<span lang="EN-US"> 9 </span>个投资事件<span lang="EN-US"> <br /></span>霸菱投资（香港）有限公司（<span lang="EN-US">Baring</span>）<span lang="EN-US"> 9 </span>个投资事件<span lang="EN-US"> <br />Mayfield 9 </span>个投资事件<span lang="EN-US"> <br />Pacific Venture Partners 8 </span>个投资事件<span lang="EN-US"> <br /></span>启明维创投资咨询（上海）有限公司<span lang="EN-US"> 8 </span>个投资事件<span lang="EN-US"> <br />Redpoint Ventures 8 </span>个投资事件<span lang="EN-US"> <br /></span>日本亚洲投资<span lang="EN-US">(</span>香港<span lang="EN-US">)</span>有限公司<span lang="EN-US"> 8 </span>个投资事件<span lang="EN-US"> <br /></span>香港新世界基建有限公司<span lang="EN-US"> 8 </span>个投资事件<span lang="EN-US"> <br /></span>深圳市达晨创业投资有限公司<span lang="EN-US"> 8 </span>个投资事件<span lang="EN-US"> <br />Accel Partners 7 </span>个投资事件<span lang="EN-US"> <br /></span>美林证券（<span lang="EN-US">Merrill Lynch</span>）<span lang="EN-US"> 7 </span>个投资事件<span lang="EN-US"> <br />Oak Investment Partners 7 </span>个投资事件<span lang="EN-US"> <br />Lightspeed Partners 7 </span>个投资事件<span lang="EN-US"> <br /></span>西门子通信投资公司<span lang="EN-US"> 7 </span>个投资事件<span lang="EN-US"> <br />Dragonvest Partners</span>（乾龙创投）<span lang="EN-US"> 7 </span>个投资事件<span lang="EN-US"> <br />Advent International 7 </span>个投资事件<span lang="EN-US"> <br />InveStar Capital 6 </span>个投资事件<span lang="EN-US"> <br /></span>中科招商创业投资管理有限公司<span lang="EN-US"> 6 </span>个投资事件<span lang="EN-US"> <br /></span>国际金融公司<span lang="EN-US"> 6 </span>个投资事件<span lang="EN-US"> <br /></span>德同中国投资基金（<span lang="EN-US">DT Capital Partners</span>）<span lang="EN-US"> 6 </span>个投资事件<span lang="EN-US"> <br /></span>橡子园创业投资管理（上海）有限公司<span lang="EN-US"> 6 </span>个投资事件<span lang="EN-US"> <br /></span>北京科技风险投资股份有限公司<span lang="EN-US"> 6 </span>个投资事件<span lang="EN-US"> <br /></span>美国高通公司投资部<span lang="EN-US"> 6 </span>个投资事件<span lang="EN-US"> <br /></span>新加坡政府直接投资有限公司<span lang="EN-US"> 6 </span>个投资事件<span lang="EN-US"> <br /></span>信中利投资集团公司<span lang="EN-US"> 6 </span>个投资事件<span lang="EN-US"> <br /></span>中新苏州工业园区创业投资有限公司<span lang="EN-US"> 5 </span>个投资事件<span lang="EN-US"> <br /></span>光大控股创业投资管理（深圳）有限公司<span lang="EN-US"> 5 </span>个投资事件<span lang="EN-US"> <br />Mitsui Ventures 5 </span>个投资事件<span lang="EN-US"> <br /></span>德丰杰<span lang="EN-US">-</span>龙脉中国基金 <span lang="EN-US">5 </span>个投资事件<span lang="EN-US"> <br />Harbinger Venture Management 5 </span>个投资事件<span lang="EN-US"> <br /></span>普凯投资基金（<span lang="EN-US">Prax Capital</span>）<span lang="EN-US"> 5 </span>个投资事件<span lang="EN-US"> <br /></span>北京弘毅投资顾问有限公司<span lang="EN-US"> 5 </span>个投资事件<span lang="EN-US"> <br /></span>三星创业投资公司<span lang="EN-US"> 5 </span>个投资事件<span lang="EN-US"> <br /></span>华威科创投资管理顾问<span lang="EN-US">(</span>北京<span lang="EN-US">)</span>有限公司<span lang="EN-US"> 5 </span>个投资事件<span lang="EN-US"> <br /></span>大华创业投资管理有限公司（<span lang="EN-US">UOB Venture Management</span>）<span lang="EN-US"> 5 </span>个投资事件<span lang="EN-US"> <br />Citigroup Venture Capital International</span>（花旗创投）<span lang="EN-US"> 5 </span>个投资事件<span lang="EN-US"> <br />Farallon Capital Management 5 </span>个投资事件<span lang="EN-US"> <br />Good Energies Investments 4 </span>个投资事件<span lang="EN-US"> <br /></span>百奥维达（上海）投资咨询有限公司<span lang="EN-US"> 4 </span>个投资事件<span lang="EN-US"> <br /></span>深圳市高新技术投资担保有限公司<span lang="EN-US"> 4 </span>个投资事件<span lang="EN-US"> <br /></span>渣打银行（香港）有限公司<span lang="EN-US"> 4 </span>个投资事件<span lang="EN-US"> <br /></span>上海蝶龙商务咨询有限公司<span lang="EN-US"> 4 </span>个投资事件<span lang="EN-US"> <br />BlueRun Ventures 4 </span>个投资事件<span lang="EN-US"> <br /></span>米拉德国际控股集团公司<span lang="EN-US"> 3 </span>个投资事件<span lang="EN-US"> <br />iGlobe Partners</span>（通环创业投资公司）<span lang="EN-US"> 3 </span>个投资事件<span lang="EN-US"> <br /></span>中国国际金融有限公司<span lang="EN-US"> 3 </span>个投资事件<span lang="EN-US"> <br /></span>美国泛大西洋投资集团（<span lang="EN-US">General Atlantic</span>）<span lang="EN-US"> 3 </span>个投资事件<span lang="EN-US"> <br />Natexis 3 </span>个投资事件<span lang="EN-US"> <br />Matrix Partners 3 </span>个投资事件<span lang="EN-US"> <br /></span>华兴资本<span lang="EN-US"> 3 </span>个投资事件<span lang="EN-US"> <br /></span>新宏远创基金<span lang="EN-US"> 3 </span>个投资事件<span lang="EN-US"> <br /></span>赛博纳特孵化创业投资管理有限公司<span lang="EN-US"> 3 </span>个投资事件<span lang="EN-US"> <br />Highland Capital Partners 3 </span>个投资事件<span lang="EN-US"> <br />Sutter Hill Ventures 3 </span>个投资事件<span lang="EN-US"> <br /></span>美国纽约国际集团<span lang="EN-US"> 3 </span>个投资事件<span lang="EN-US"> <br />MK Global Ventures 3 </span>个投资事件<span lang="EN-US"> <br />Manitou Ventures 3 </span>个投资事件<span lang="EN-US"> <br />TVG Capital Partners 3 </span>个投资事件<span lang="EN-US"> <br /></span>上海张江创业投资有限公司<span lang="EN-US"> 3 </span>个投资事件<span lang="EN-US"> <br /></span>清华创业投资管理有限公司<span lang="EN-US"> 3 </span>个投资事件<span lang="EN-US"> <br /></span>美国国际集团<span lang="EN-US"> 3 </span>个投资事件<span lang="EN-US"> <br /></span>武汉华工创业投资有限责任公司<span lang="EN-US"> 3 </span>个投资事件<span lang="EN-US"> <br /></span>和通国际<span lang="EN-US"> 3 </span>个投资事件<span lang="EN-US"> <br /></span>中国创业投资有限公司<span lang="EN-US"> 3 </span>个投资事件<span lang="EN-US"> <br /></span>美国新桥投资<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br /></span>上海张江高科技园区开发股份有限公司<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br />ChinaAssets 2 </span>个投资事件<span lang="EN-US"> <br /></span>重庆科技风险投资有限公司<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br /></span>中融国际信托投资有限公司<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br /></span>上海创业投资有限公司<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br />Steamboat Ventures</span>（思伟投资）<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br />Draper Fisher Jurvetson</span>（德丰杰）<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br />Alpine Technology Ventures 2 </span>个投资事件<span lang="EN-US"> <br />Institutional Venture Partners 2 </span>个投资事件<span lang="EN-US"> <br />JK&amp;B Capital 2 </span>个投资事件<span lang="EN-US"> <br />Bay Partners 2 </span>个投资事件<span lang="EN-US"> <br />KT Venture Group 2 </span>个投资事件<span lang="EN-US"> <br />Kodiak Venture Partners 2 </span>个投资事件<span lang="EN-US"> <br /></span>富通基金<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br /></span>新加坡毅鸣投资有限公司<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br /></span>亚洲开发银行<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br />Mobius VC 2 </span>个投资事件<span lang="EN-US"> <br />Nth Power 2 </span>个投资事件<span lang="EN-US"> <br />Technology Partners 2 </span>个投资事件<span lang="EN-US"> <br /></span>加怡新亚投资管理有限公司<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br /></span>德意志银行<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br /></span>华禾投资<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br />J.H. Whitney &amp; Co., LLC 2 </span>个投资事件<span lang="EN-US"> <br />Equity International 2 </span>个投资事件<span lang="EN-US"> <br /></span>中信资本控股有限公司<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br /></span>上海浦东科技投资有限公司<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br /></span>上海贝尔阿尔卡特风险投资部<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br /></span>浙江省创业投资集团有限公司<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br />Bridger Capital Partners 2 </span>个投资事件<span lang="EN-US"> <br />InterWest Partners 2 </span>个投资事件<span lang="EN-US"> <br />Sierra Ventures 2 </span>个投资事件<span lang="EN-US"> <br />Scale Venture Partners 2 </span>个投资事件<span lang="EN-US"> <br />Mitsubishi UFJ Securities (HK) Capital Ltd 2 </span>个投资事件<span lang="EN-US"> <br />Technology Crossover Ventures 2 </span>个投资事件<span lang="EN-US"> <br />Charles River Ventures 2 </span>个投资事件<span lang="EN-US"> <br /></span>汉能投资集团<span lang="EN-US"> 2 </span>个投资事件<span lang="EN-US"> <br />Authosis Ventures 2 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lang="EN-US"> <br />JAFCO Ventures 1 </span>个投资事件<span lang="EN-US"> <br />Citadel Investment Group 1 </span>个投资事件<span lang="EN-US"> <br />Charter Life Sciences 1 </span>个投资事件<span lang="EN-US"> <br />E<chmetcnv w:st="on" tcsc="0" numbertype="1" negative="False" hasspace="False" sourcevalue="2" unitname="m"></chmetcnv>2M Partners 1 </span>个投资事件<span lang="EN-US"> <br /></span>北京赛迪创业投资有限公司<span lang="EN-US"> 1 </span>个投资事件<span lang="EN-US"> <br />Forture Venture Investment Group 1 </span>个投资事件<span lang="EN-US"> <br /></span>中国风险投资有限公司<span lang="EN-US"> 1 </span>个投资事件<span lang="EN-US"> <br /></span>上海盛基创业投资管理有限公司<span lang="EN-US"> 1 </span>个投资事件<span lang="EN-US"> <br /></span>天津泰达科技风险投资有限公司<span lang="EN-US"> 1 </span>个投资事件<span lang="EN-US"> <br /></span>第一上海投资有限公司<span lang="EN-US"> 1 </span>个投资事件<span lang="EN-US"> <br /></span>长江实业（集团）有限公司<span lang="EN-US"> 1 </span>个投资事件<span lang="EN-US"> <br /></span>联和运通投资顾问有限公司<span lang="EN-US"> 1 </span>个投资事件<span lang="EN-US"> <br 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</span>个投资事件<span lang="EN-US"> <br /></span>哈尔滨市科技风险投资中心<span lang="EN-US"> 0 </span>个投资事件<span lang="EN-US"> <br /></span>大连成大科技投资有限公司<span lang="EN-US"> 0 </span>个投资事件<span lang="EN-US"> <br /></span>大连科技风险投资有限公司<span lang="EN-US"> 0 </span>个投资事件<span lang="EN-US"> <br /></span>辽宁东软创业投资有限公司<span lang="EN-US"> 0 </span>个投资事件<span lang="EN-US"> <br /></span>辽宁科技创业投资有限责任公司<span lang="EN-US"> 0 </span>个投资事件<span lang="EN-US"> <br /></span>沈阳科技风险投资有限公司<span lang="EN-US"> 0 </span>个投资事件<span lang="EN-US"> <br /></span>潍坊创业投资有限公司<span lang="EN-US"> 0 </span>个投资事件<span lang="EN-US"> <br /></span>济南科技风险投资有限公司<span lang="EN-US"> 0 </span>个投资事件<span lang="EN-US"> <br /></span>将军控股有限公司<span lang="EN-US"> 0 </span>个投资事件<span lang="EN-US"> <br /></span>青岛创业投资有限公司<span lang="EN-US"> 0 </span>个投资事件<span lang="EN-US"> <br /></span>青岛市科技风险投资公司<span lang="EN-US"> 0 </span>个投资事件<span lang="EN-US"> <br /></span>山东省高新技术投资有限公司<span lang="EN-US"> 0 </span>个投资事件<span lang="EN-US"> <br /></span>山东泰山创业投资有限公司<span lang="EN-US"> </span></span></p>
<p>&nbsp;</p>]]>
</description>
<guid isPermaLink="false">http://www.bokee.net/blogmodule/weblogcomment_viewEntry/1720237.html</guid>
<subject>投融资渠道</subject>
<author>zqjfpy</author>
<category>投融资渠道</category>
<pubDate>Tue, 29 Apr 2008 07:52:47 GMT+08:00 </pubDate>
</item>

<item>
<title>内企可借「壳公司」境外融资</title>
<link>http://www.bokee.net/blogmodule/weblogcomment_viewEntry/1719995.html</link>
<description>
<![CDATA[<strong><span style="FONT-SIZE: 15pt; COLOR: #c11900; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt"></span></strong><span lang="EN-US" style="FONT-SIZE: 15pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt"><o:p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan" align="left"><strong><span style="FONT-SIZE: 15pt; COLOR: #c11900; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt">内企可借「壳公司」境外融资</span></strong><span lang="EN-US" style="FONT-SIZE: 15pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt"><o:p></o:p></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto" align="left"><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">依</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">据</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">新</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">的</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">《</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">关</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">于</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">企</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">业</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">跨</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">境</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">换</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">股</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">的</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">规</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">定</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">》</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">（</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">以</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">下</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">简</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">称</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">《</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">规</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">定</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">》</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">），内</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">地</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">企</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">业</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">可</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">赴</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">境</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">外</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">融</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">资。</span><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt"> <o:p></o:p></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto" align="left"><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">据</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">了</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">解，中</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">国</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">商</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">务</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">部</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">目</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">前</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">已</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">把</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">该</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">《</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">规</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">定</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">》</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">作</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">为</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">今</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">年</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">的</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">重</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">大</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">立</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">法</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">计</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">划，为</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">此，曾</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">专</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">门</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">召</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">开</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">数</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">次</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">专</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">家</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">论</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">证，正</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">加</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">紧</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">草</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">拟。</span><span lang="EN-US" style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: 宋体; mso-font-kerning: 0pt"><o:p></o:p></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto" align="left"><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">该</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">《</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">规</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">定</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">》</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">为</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">民</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">营</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">企</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">业</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">在</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">境</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">外</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">融</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">资</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">提</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">供</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">了</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">一</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">个</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">良</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">好</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">契</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">机，能</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">够</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">解</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">决</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">一</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">部</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">分</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">迫</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">切</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">需</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">要</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">资</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">金</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">的</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">民</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">营</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">企</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">业</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">的</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">融</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">资</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">难</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">问</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">题。毋</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">庸</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">讳</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">言，由</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">于</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">种</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">种</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">因</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">素</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">的</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">制</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">约，融</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">资</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">难</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">长</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">期</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">制</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">约</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">着</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">民</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">营</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">企</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">业</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">的</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">发</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">展。企</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">业</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">向</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">银</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">行</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">借</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">贷</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">一</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">般</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">需</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">要</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">抵</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">押，但</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">民</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">营</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">企</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">业</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">有</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">时</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">借</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">一</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">千</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">万</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">元</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">的</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">钱</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-family: Arial">就</span><span style="FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-font-kerning: 0pt"> </span><span style="FONT-SIZE: 12pt; FONT-FAMILY: 宋体; mso-bidi-font-family: Arial; mso-font-kerning: 0pt; mso-ascii-font-family: Arial; mso-hansi-font-fam