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\n

<\/a><\/p>\n

2014\u5e74\uff0c\u6240\u6709\u5728\u4e2d\u56fd\u53ca\u4e9a\u6d32\u65b0\u5174\u7ecf\u6d4e\u4f53\u5f00\u5c55\u4e1a\u52a1\u7684\u6295\u884c\u4e2d, \u9ad8\u76db(Goldman Sachs Group Inc., GS)\u6392\u540d\u7b2c\u4e00\uff0c\u4f46\u5982\u4eca\uff0c\u8fd9\u5bb6\u6295\u884c\u8fde\u524d10\u540d\u4e5f\u8fdb\u4e0d\u4e86\u3002<\/p>\n

\u73b0\u5728\u7684\u6392\u884c\u699c\u5df2\u7ecf\u88ab\u4e2d\u8d44\u94f6\u884c\u6240\u4e3b\u5bfc\uff0c\u7814\u7a76\u673a\u6784Dealogic\u7684\u6570\u636e\u663e\u793a\uff0c\u4eca\u5e74\u4e2d\u8d44\u94f6\u884c\u5df2\u7ecf\u5c06\u4e9a\u6d32\u5e76\u8d2d\u548c\u878d\u8d44\u4ea4\u6613\u54a8\u8be2\u8d39\u7528\u768460%\u6536\u5165\u56ca\u4e2d\uff0c\u8fd9\u4e00\u6bd4\u4f8b\u4e5f\u521b\u4e0b\u7eaa\u5f55\u6c34\u5e73\u3002\u6ca1\u6709\u4e00\u5bb6\u7f8e\u56fd\u6216\u6b27\u6d32\u94f6\u884c\u5728\u4e9a\u6d32\uff08\u4e0d\u5305\u62ec\u65e5\u672c\u548c\u6fb3\u5927\u5229\u4e9a\u7684\u4ea4\u6613\u6d3b\u52a8\uff09\u6392\u540d\u699c\u4e0a\u6324\u5165\u524d\u516d\u3002<\/p>\n

\u9ad8\u76db\u6392\u540d\u7684\u4e0b\u6ed1\u4e5f\u6210\u4e3a\u53ef\u4ee5\u8bf4\u660e\u897f\u65b9\u94f6\u884c\u5728\u4e9a\u6d32\u5e02\u573a\u7684\u53d1\u5c55\u524d\u666f\u5982\u4f55\u9eef\u6de1\u4e0b\u6765\u7684\u77e5\u540d\u6848\u4f8b\u3002\u4e9a\u6d32\u4e00\u5ea6\u88ab\u897f\u65b9\u94f6\u884c\u89c6\u4e3a\u53ef\u4ee5\u4e3a\u5176\u624b\u7eed\u8d39\u6536\u5165\u5e26\u6765\u5de8\u5927\u63d0\u632f\u7684\u5b9d\u85cf\u3002<\/p>\n

\u8fd1\u5e74\u6765\u534e\u5c14\u8857\u6295\u884c\u5927\u4e3e\u62bc\u6ce8\u4e9a\u6d32\u5e02\u573a\uff0c\u5e0c\u671b\u53ef\u4ee5\u4ece\u8fd9\u4e00\u5730\u533a\u8fc5\u901f\u53d1\u5c55\u7684\u7ecf\u6d4e\u4ee5\u53ca\u5f53\u5730\u516c\u53f8\u8d8a\u6765\u8d8a\u5927\u7684\u5168\u7403\u6269\u5f20\u52aa\u529b\u4e2d\u83b7\u5229\u3002\u4f46\u6765\u81ea\u5f53\u5730\u94f6\u884c\u6108\u52a0\u6fc0\u70c8\u7684\u7ade\u4e89\u4ee5\u53ca\u4e2d\u56fd\u7ecf\u6d4e\u7684\u653e\u7f13\u5df2\u7ecf\u4fb5\u8680\u4e86\u8fd9\u4e9b\u6295\u884c\u7684\u5229\u6da6\uff0c\u8feb\u4f7f\u90e8\u5206\u94f6\u884c\u6536\u7f29\u4e1a\u52a1\u3002<\/p>\n

\n
\n
""\u67e5\u770b\u5927\u56fe<\/span><\/div>\n
<\/span><\/span><\/span><\/div>\n<\/div>\n<\/div>\n

\u4f8b\u5982\uff0c\u636e\u77e5\u60c5\u4eba\u58eb\u900f\u9732\uff0c\u9ad8\u76db\u8ba1\u5212\u5728\u4e9a\u6d32300\u540d\u94f6\u884c\u96c7\u5458\u4e2d\u88c1\u64a4\u7ea675\u4eba\u3002\u77e5\u60c5\u4eba\u58eb\u900f\u9732\uff0c\u6b64\u6b21\u88c1\u5458\u5c06\u96c6\u4e2d\u5728\u9999\u6e2f\u7684\u521d\u7ea7\u804c\u4f4d\uff0c\u4e0d\u6d89\u53ca\u9ad8\u76db\u5728\u65e5\u672c\u548c\u6fb3\u5927\u5229\u4e9a\u7684\u4e1a\u52a1\u3002<\/p>\n

\u6b64\u5916\uff0c\u4eca\u5e74\u65e9\u4e9b\u65f6\u5019\uff0c\u5728\u4ece\u7ade\u4e89\u5bf9\u624b\u90a3\u91cc\u6316\u8d70\u4e00\u4e9b\u8eab\u4ef7\u4e0d\u83f2\u7684\u94f6\u884c\u4e1a\u4eba\u58eb\u540e\uff0c\u5df4\u514b\u83b1\u96c6\u56e2(Barclays PLC, BCS)\u5173\u95ed\u4e86\u4e9a\u6d32\u90e8\u5206\u4e1a\u52a1\u5e76\u4ece\u8be5\u5730\u533a\u7684\u4e00\u4e9b\u56fd\u5bb6\u64a4\u51fa\u3002\u745e\u94f6\u96c6\u56e2(UBS Group)\u8fd1\u6708\u6765\u4e5f\u4efb\u51ed\u4e9a\u6d32\u7684\u4e00\u4e9b\u5c97\u4f4d\u7a7a\u7f3a\u3002\u53e6\u636e\u77e5\u60c5\u4eba\u58eb\u79f0\uff0c\u7f8e\u94f6\u7f8e\u6797(Bank of America Merrill Lynch)\u5728\u4eca\u5e74\u65e9\u4e9b\u65f6\u5019\u8fdb\u884c\u4e00\u8f6e\u88c1\u5458\u540e\uff0c\u5c06\u8fdb\u4e00\u6b65\u7f29\u51cf\u4e9a\u6d32\u6295\u884c\u4e1a\u52a1\u3002<\/p>\n

\u76ee\u524d\u4e2d\u8d44\u94f6\u884c\u4ece\u897f\u65b9\u94f6\u884c\u624b\u4e2d\u593a\u53d6\u4e1a\u52a1\u7684\u52bf\u5934\u6108\u53d1\u5f3a\u52b2\uff0c\u4e3b\u8981\u662f\u56e0\u4e3a\u4e2d\u8d44\u94f6\u884c\u80fd\u591f\u4e3a\u4ea4\u6613\u63d0\u4f9b\u5de8\u989d\u8d37\u6b3e\u3002\u636e\u4e1a\u5185\u987e\u95ee\u79f0\uff0c\u4e2d\u56fd\u653f\u5e9c\u5df2\u6566\u4fc3\u90a3\u4e9b\u5bfb\u6c42\u63d0\u5347\u6d77\u5916\u5f62\u8c61\u7684\u4e2d\u8d44\u4f01\u4e1a\u4e0e\u56fd\u5185\u94f6\u884c\u5408\u4f5c\u3002<\/p>\n

\u4e9a\u6d32\u5e02\u573a\u7ade\u4e89\u6fc0\u70c8\uff0c\u4e9a\u6d32\u5730\u533a\u6bcf\u5e74\u7684\u94f6\u884c\u6392\u540d\u53d8\u5316\u8981\u6bd4\u7f8e\u56fd\u5e02\u573a\u5927\u5f97\u591a\u3002\u5728\u7f8e\u56fd\uff0c\u9ad8\u76db\u7b49\u4e00\u4e9b\u5927\u94f6\u884c\u4e00\u76f4\u5360\u636e\u4e3b\u5bfc\u5730\u4f4d\u3002<\/p>\n

\u5965\u7eac\u54a8\u8be2(Oliver Wyman)\u9a7b\u65b0\u52a0\u5761\u7684\u5408\u4f19\u4ebaClaudio Lago de Lanzos\u79f0\uff0c\u5168\u7403\u94f6\u884c\u4e1a\u6700\u5173\u5fc3\u7684\u662f\u4eca\u5e74\u6765\u81ea\u4e2d\u56fd\u5ba2\u6237\u7684\u4ea4\u6613\u6d3b\u52a8\u91cf\uff0c\u800c\u4e2d\u56fd\u5ba2\u6237\u5f80\u5f80\u4f1a\u9009\u62e9\u4e2d\u8d44\u94f6\u884c\u6765\u8fdb\u884c\u5408\u4f5c\u3002\u636eDealogic\u63d0\u4f9b\u7684\u6570\u636e\uff0c\u4eca\u5e74\u8fc4\u4eca\u4e3a\u6b62\uff0c\u4e2d\u8d44\u53d1\u884c\u65b9\u5728\u4e9a\u6d32\u80a1\u7968\u8d44\u672c\u5e02\u573a\u4e2d\u5360\u6bd4\u9ad8\u8fbe83%\uff0c\u9ad8\u4e8e\u4e00\u5e74\u524d\u768472%\u3002\u4e00\u4e9b\u94f6\u884c\u4e1a\u4eba\u58eb\u79c1\u4e0b\u79f0\uff0c\u4e2d\u8d44\u94f6\u884c\u662f\u4ed6\u4eec\u4e9a\u6d32\u4e1a\u52a1\u9762\u4e34\u7684\u4e3b\u8981\u5a01\u80c1\u3002<\/p>\n

\u636e\u719f\u6089\u9ad8\u76db\u7b56\u7565\u7684\u4eba\u58eb\u79f0\uff0c\u9ad8\u76db\u4ecd\u81f4\u529b\u4e8e\u5728\u4e2d\u56fd\u8d62\u5f97\u4ea4\u6613\uff0c\u4e0d\u592a\u53ef\u80fd\u5927\u5e45\u7f29\u51cf\u5728\u534e\u4e1a\u52a1\u3002\u636eDealogic\u7684\u6570\u636e\uff0c\u8be5\u884c\u76ee\u524d\u5728\u4e9a\u6d32\u5730\u533a\uff08\u4e0d\u542b\u65e5\u672c\u548c\u6fb3\u5927\u5229\u4e9a\uff09\u7684\u5e76\u8d2d\u6536\u5165\u6392\u540d\u7b2c\u56db\u3002<\/p>\n

\u897f\u65b9\u6295\u884c\u5728\u4e2d\u56fd\u548c\u5176\u4ed6\u4e9a\u6d32\u65b0\u5174\u5e02\u573a\u7ecf\u6d4e\u4f53\u5f00\u5c55\u4e1a\u52a1\u8981\u9762\u4e34\u9ad8\u6602\u7684\u6210\u672c\u3002\u8bed\u8a00\u3001\u5173\u7cfb\u548c\u5bf9\u5f53\u5730\u76d1\u7ba1\u6cd5\u89c4\u7684\u4e86\u89e3\u5728\u4e9a\u6d32\u5185\u90e8\u5e76\u4e0d\u901a\u7528\uff0c\u8fd9\u610f\u5473\u7740\uff0c\u94f6\u884c\u4e0d\u5f97\u4e0d\u8058\u7528\u4e0d\u540c\u56fd\u5bb6\u7684\u4e13\u5bb6\uff0c\u800c\u4e14\u65e0\u6cd5\u8f7b\u6613\u8f6c\u6362\u5458\u5de5\u3002<\/p>\n

\u730e\u5934\u8868\u793a\uff0c\u5404\u94f6\u884c\u5728\u4e9a\u6d32\u90fd\u62db\u4eba\u8fc7\u591a\uff0c\u5982\u4eca\u6b63\u5728\u8bc4\u4f30\u5e94\u8be5\u780d\u6389\u54ea\u4e9b\u4e1a\u52a1\u3002<\/p>\n

\u730e\u5934\u516c\u53f8Options Group\u9a7b\u9999\u6e2f\u5408\u4f19\u4eba\u79d1\u666e(Russell Kopp)\u79f0\uff0c\u524a\u51cf\u6210\u672c\u7684\u552f\u4e00\u65b9\u5f0f\u5c31\u662f\u88c1\u5458\u3002<\/p>\n

\u4e0e\u6b64\u540c\u65f6\uff0c\u5728\u4e9a\u6d32\u5f00\u5c55\u4e1a\u52a1\u65f6\u6240\u611f\u77e5\u5230\u7684\u76d1\u7ba1\u98ce\u9669\u4e5f\u5df2\u5347\u9ad8\u3002\u9ad8\u76db\u4e3a\u9a6c\u6765\u897f\u4e9a\u56fd\u6709\u6295\u8d44\u57fa\u91d11Malaysia Development Bhd.. (\u7b80\u79f01MDB)\u6240\u505a\u7684\u5de5\u4f5c\u906d\u5230\u8c03\u67e5\uff0c\u8be5\u57fa\u91d1\u662f\u56fd\u9645\u53cd\u8150\u8d25\u8c03\u67e5\u7684\u7126\u70b9\u3002\u6469\u6839\u5927\u901a(J.P. Morgan)\u548c\u5176\u4ed6\u94f6\u884c\u5728\u5176\u4e9a\u6d32\u6295\u884c\u4e1a\u52a1\u4e2d\u7684\u62db\u8058\u884c\u4e3a\u5df2\u53d7\u5230\u8c03\u67e5\u3002\u4e00\u4f4d\u77e5\u60c5\u4eba\u58eb\u900f\u9732\uff0c\u9ad8\u76db\u88c1\u5458\u4e0e1MDB\u65e0\u5173\uff0c\u9ad8\u76db\u5df2\u58f0\u660e\uff0c\u5176\u6ca1\u6709\u8fc7\u9519\u3002<\/p>\n

\u534e\u5c14\u8857\u516c\u53f8\u5728\u80a1\u7968\u53d1\u884c\u6d3b\u52a8\u4e2d\u7684\u8d25\u9000\u5c24\u5176\u660e\u663e\uff1b\u4e00\u822c\u6765\u8bf4\uff0c\u80a1\u7968\u53d1\u884c\u7684\u624b\u7eed\u8d39\u6700\u9ad8\u3002\u4eca\u5e74\u5168\u7403\u6700\u5927\u7684\u9996\u6b21\u516c\u5f00\u52df\u80a1(IPO)\u6d3b\u52a8\u6765\u81ea\u4e2d\u56fd\u90ae\u653f\u50a8\u84c4\u94f6\u884c(Postal Savings Bank of China)\uff0c\u7b79\u8d44\u89c4\u6a21\u8fbe74\u4ebf\u7f8e\u5143\uff0c\u5176\u80a1\u7968\u5468\u4e09\u5f00\u59cb\u5728\u9999\u6e2f\u80a1\u5e02\u4ea4\u6613\u3002\u4f46\u9884\u671f\u624b\u7eed\u8d39\u53ea\u4e3aIPO\u7b79\u8d44\u89c4\u6a21\u76841.6%\uff0c\u8fdc\u8fdc\u4f4e\u4e8e\u7f8e\u56fd\u516c\u53f8IPO\u65f6\u901a\u5e38\u76845%\u6216\u4ee5\u4e0a\uff0c\u800c\u4e14\u8fd9\u7b14\u94b1\u5c06\u753126\u5bb6\u94f6\u884c\u5206\u4eab\u3002<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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