{"id":46299,"date":"2016-09-22T06:42:30","date_gmt":"2016-09-22T06:42:30","guid":{"rendered":"http:\/\/xiongmaotimes.com\/2016\/09\/22\/%e4%b8%ad%e5%9b%bd%e6%9c%89%e9%92%b1%e4%ba%ba%e5%88%86%e6%95%a3%e6%8a%95%e8%b5%84-%e4%b8%83%e5%91%a8%e5%8a%a9%e6%ac%a7%e6%b4%b2%e9%93%b6%e8%a1%8c%e7%ad%b9%e9%9b%86140%e4%ba%bf%e7%be%8e%e5%85%83-2\/"},"modified":"2016-09-22T06:42:30","modified_gmt":"2016-09-22T06:42:30","slug":"%e4%b8%ad%e5%9b%bd%e6%9c%89%e9%92%b1%e4%ba%ba%e5%88%86%e6%95%a3%e6%8a%95%e8%b5%84-%e4%b8%83%e5%91%a8%e5%8a%a9%e6%ac%a7%e6%b4%b2%e9%93%b6%e8%a1%8c%e7%ad%b9%e9%9b%86140%e4%ba%bf%e7%be%8e%e5%85%83-2","status":"publish","type":"post","link":"https:\/\/xiongmaotimes.com\/?p=46299","title":{"rendered":"\u4e2d\u56fd\u6709\u94b1\u4eba\u5206\u6563\u6295\u8d44 \u4e03\u5468\u52a9\u6b27\u6d32\u94f6\u884c\u7b79\u96c6140\u4ebf\u7f8e\u5143"},"content":{"rendered":"

\u3000\u3000<\/a><\/p>\n

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\u3000\u3000\u81ea8\u67081\u65e5\u4ee5\u6765\uff0c\u6709\u4e03\u5bb6\u53d1\u884c\u4eba\u5728\u4e9a\u6d32\u65f6\u6bb5\u53d1\u884c\u4e86\u5df4\u585e\u5c14\u534f\u8baeIII\u5408\u89c4\u503a\u5238\uff0c\u5171\u7b79\u8d44119\u4ebf\u7f8e\u5143\u3002\u6839\u636e\u5df4\u585e\u5c14\u534f\u8baeIII\u7684\u89c4\u5b9a\uff0c\u53d1\u884c\u8fd9\u7c7b\u5de5\u5177\u6240\u7b79\u8d44\u91d1\u53ef\u7528\u4e8e\u8865\u5145\u8d44\u672c\u3002\u6c47\u4e30\u63a7\u80a1\u53e6\u5728\u53f0\u6e7e\u53d1\u884c\u4e8620\u4ebf\u7f8e\u5143\u603b\u635f\u5931\u5438\u6536\u80fd\u529b\u503a\u5238(total
\nloss-absorbing capacity notes)\u3002\u4eca\u5e74\u524d7\u4e2a\u6708\uff0c\u53ea\u6709\u4e09\u7b14\u8fd9\u6837\u7684\u503a\u5238\u767b\u9646\u4e9a\u6d32\u5e02\u573a\u3002<\/p>\n

\u3000\u3000\u4e9a\u6d32\u9ad8\u6de8\u503c\u4e2a\u4eba\u6295\u8d44\u8005\u7684\u8d22\u5bcc\u603b\u989d\u5df2\u8d85\u8fc7\u5317\u7f8e\u540c\u7c7b\u4eba\u7fa4\uff0c\u4e00\u76f4\u662f\u8be5\u5730\u533a\u94f6\u884c\u503a\u5238\u7684\u6295\u8d44\u4e3b\u529b\uff0c\u4ed6\u4eec\u7684\u6295\u8d44\u5bfc\u81f4\u6b64\u7c7b\u503a\u5238\u6536\u76ca\u7387\u5927\u5e45\u4e0b\u964d\u3002\u5373\u4fbf\u662f\u5728\u5fb7\u610f\u5fd7\u94f6\u884c\u7b49\u94f6\u884c\u80a1\u4ef7\u5927\u8dcc\u4e4b\u540e\uff0c\u4ed6\u4eec\u8fd8\u662f\u628a\u76ee\u5149\u8f6c\u5411\u4e86\u6b27\u6d32\u3002\u6469\u6839\u5927\u901a\u79f0\uff0c\u7f8e\u56fd\u56fd\u503a\u6536\u76ca\u7387\u4e0a\u5347\uff0c\u7ed9\u7968\u9762\u5229\u7387\u56fa\u5b9a\u4e14\u8f83\u4f4e\u7684\u6df7\u5408\u578b\u8bc1\u5238\u5e26\u6765\u4e86\u4e0b\u884c\u98ce\u9669\u3002<\/p>\n

\u3000\u3000\u300c\u4e9a\u6d32\u6295\u8d44\u8005\u5f80\u5f80\u66f4\u6e34\u6c42\u6536\u76ca\uff0c\u4e5f\u613f\u610f\u627f\u62c5\u66f4\u9ad8\u7684\u98ce\u9669\uff0c\u300d\u6469\u6839\u5927\u901a\u9999\u6e2f\u79c1\u4eba\u94f6\u884c\u90e8\u95e8\u56fa\u5b9a\u6536\u76ca\u3001\u5916\u6c47\u53ca\u5927\u5b97\u5546\u54c1\u4e3b\u7ba1Ben
\nSy\u8868\u793a\u3002\u4ed6\u8fd8\u79f0\uff0c\u5118\u7ba1\u4ed6\u4eec\u5f80\u5f80\u770b\u91cd\u6b27\u6d32\u6709\u8457\u5f3a\u5927\u96f6\u552e\u7f51\u7edc\u7684\u94f6\u884c\uff0c\u4f46\u5bf9\u4fdd\u9669\u516c\u53f8\u503a\u5238\uff0c\u4ed6\u4eec\u7684\u8b66\u60d5\u6027\u5c31\u6ca1\u6709\u90a3\u9ebd\u9ad8\u3002<\/p>\n

\u3000\u3000\u5fb7\u56fd\u5b89\u8054\u4fdd\u9669\u57288\u6708\u4efd\u53d1\u884c\u4e8615\u4ebf\u7f8e\u5143\u4e8c\u7ea7\u8d44\u672c\u6c38\u7eed\u503a\uff0c\u7968\u9762\u5229\u7387\u6c38\u4e45\u56fa\u5b9a\u4e3a3.875%\u3002<\/p>\n

\u3000\u3000\u5fb7\u56fd\u5546\u4e1a\u94f6\u884c\u79f0\uff0c\u5728\u4fe1\u8d37\u4e1a\u52a1\u5229\u5dee\u8f83\u4f4e\u7684\u60c5\u51b5\u4e0b\uff0c\u6b27\u6d32\u94f6\u884c\u627f\u8bfa\u7684\u6536\u76ca\u66f4\u9ad8\uff0c\u4f34\u968f\u7684\u98ce\u9669\u4e5f\u66f4\u5927\u3002\u5f6d\u535a\u5f59\u603b\u8d44\u6599\u663e\u793a\uff0c\u6b27\u6d32\u53d1\u884c\u4eba2016\u5e74\u53d1\u884c\u7684\u989d\u5916\u4e00\u7ea7\u8d44\u672c\u503a(AT1)\u5e73\u5747\u7968\u9762\u5229\u7387\u4e3a6.6%\uff0c\u4e9a\u6d32\u53d1\u884c\u4eba\u5219\u4e3a3.9%\u3002<\/p>\n

\u3000\u3000\u6e23\u6253\u94f6\u884c\u4e0a\u6708\u53d1\u884c\u4e8620\u4ebf\u7f8e\u5143\u989d\u5916\u4e00\u7ea7\u8d44\u672c\u503a\uff0c\u7968\u9762\u5229\u7387\u4e3a7.5%\uff0c\u4e9a\u6d32\u6295\u8d44\u8005\u8ba4\u8d2d\u4e86\u5176\u4e2d31%\u3002\u745e\u94f6\u53d1\u884c\u7c7b\u4f3c\u503a\u5238\u7684\u7968\u9762\u5229\u7387\u4e3a7.125%\u3002\u76f8\u6bd4\u4e4b\u4e0b,\u661f\u5c55\u96c6\u56e2\u7684\u7968\u9762\u5229\u7387\u5b9a\u57283.6%\u3002<\/p>\n

\u3000\u3000\u5fb7\u56fd\u5546\u4e1a\u94f6\u884c\u4fe1\u8d37\u5206\u6790\u5e08\u8d3a\u70dc\u6765\u8868\u793a\uff0c\u4e9a\u6d32\u94f6\u884c\u53d1\u884c\u7684\u503a\u5238\u66f4\u4e3a\u5b89\u5168\uff0c\u56e0\u4e3a\u5f53\u5730\u653f\u5e9c\u53ef\u80fd\u5728AT1\u6295\u8d44\u8005\u8499\u53d7\u635f\u5931\u524d\u5c31\u5df2\u51fa\u624b\u76f8\u6551\uff0c\u6b27\u6d32\u653f\u5e9c\u8fd9\u6837\u505a\u7684\u53ef\u80fd\u6027\u8981\u4f4e\u5f97\u591a\u3002\u4ed6\u8ba4\u4e3a\uff0c\u4e70\u5165\u6b27\u6d32\u94f6\u884c\u6df7\u5408\u578b\u503a\u5238\u7684\u6295\u8d44\u8005\u5e76\u975e\u4eba\u4eba\u90fd\u505a\u8fc7\u4e86\u5e7f\u6cdb\u7814\u7a76\u3002<\/p>\n

\u3000\u3000\u8bfa\u4e9a\u63a7\u80a1\u79f0\uff0c\u4eba\u6c11\u5e01\u8fc7\u53bb\u4e00\u5e74\u8d2c\u503c4.6%\u63a8\u52a8\u4e86\u5206\u6563\u6295\u8d44\u7684\u9700\u6c42\uff0c\u660e\u5e74\u4e2d\u56fd\u9ad8\u6de8\u503c\u6295\u8d44\u8005\u5bf9\u6d77\u5916\u8d44\u4ea7\u7684\u9700\u6c42\u53ef\u80fd\u6700\u9ad8\u589e\u957f20%\u3002\u897f\u592a\u5e73\u6d0b\u94f6\u884c\u7b49\u6fb3\u5927\u5229\u4e9a\u53d1\u884c\u4eba\u4e5f\u5728\u4ee5\u4e9a\u6d32\u6295\u8d44\u8005\u4e3a\u9996\u9009\u7269\u4ef6\u3002<\/p>\n

\u3000\u3000\u661f\u5c55\u94f6\u884c\u9a7b\u65b0\u52a0\u5761\u7684\u56fa\u5b9a\u6536\u76ca\u4e3b\u7ba1Clifford
\nLee\u8868\u793a\uff0c\u8fd9\u80a1\u8d8b\u52bf\u53ea\u662f\u521a\u521a\u5f00\u59cb\u4e14\u76ee\u6807\u8303\u56f4\u6b63\u5728\u6269\u5927\uff0c\u79c1\u4eba\u94f6\u884c\u3001\u8d22\u5bcc\u7ba1\u7406\u57fa\u91d1\u7b49\u5bfb\u6c42\u6536\u76ca\u7684\u6295\u8d44\u8005\u90fd\u88ab\u7eb3\u5165\u89c6\u91ce\u3002<\/p>\n

\u3000\u3000\u5fb7\u610f\u5fd7\u94f6\u884c\u7968\u9762\u5229\u7387\u4e3a7.5%\u7684AT1\u503a\u5238\u4ef7\u683c\u4e8e2\u67089\u65e5\u521b\u51fa72\u7684\u7eaa\u5f55\u4f4e\u70b9\uff0c\u6b64\u524d\u5f55\u5f97\u81ea2008\u5e74\u6765\u9996\u4e2a\u5168\u5e74\u4e8f\u635f\u3002\u8be5\u516c\u53f8\u80a1\u4ef7\u5e74\u5185\u7d2f\u8ba1\u4e0b\u8dcc47%\u3002<\/p>\n

\u3000\u3000\u300c\u6211\u4eec\u771f\u4e0d\u559c\u6b22\u6b27\u6d32\u7684\u94f6\u884c\uff0c\u300dAberdeen Asset Management Asia\u7684\u8463\u4e8bDonald
\nAmstad\u8868\u793a\u3002\u300c\u6b27\u6d32\u592e\u884c\u7684\u91cf\u5316\u5bbd\u9b06\u63aa\u65bd\u5bfc\u81f4\u503a\u5238\u6536\u76ca\u7387\u5927\u5e45\u4e0b\u6ed1\u3002\u6b27\u6d32\u94f6\u884c\u4e1a\u5df2\u7ecf\u65e0\u5229\u53ef\u56fe\uff0c\u73b0\u5728\u53c8\u627f\u53d7\u4e86\u66f4\u591a\u538b\u529b\u3002\u300d<\/p>\n

\u3000\u3000\u6700\u8fd112\u4e2a\u6708\u88e1\uff0c\u6b27\u6d32\u524d10\u5927\u94f6\u884c\u7684\u5229\u6da6\u4e0b\u964d18%\uff0c\u4e9a\u6d32\u524d10\u5927\u94f6\u884c(\u4e0d\u542b\u65e5\u672c)\u540c\u671f\u4e0b\u6ed15.2%\u3002\u6b27\u6d32\u94f6\u884c\u81ea8\u6708\u4ee5\u6765\u53d1\u884c\u4e86226\u4ebf\u7f8e\u5143\u5df4\u585e\u5c14\u534f\u8baeIII\u5408\u89c4\u503a\u5238\uff0c\u540c\u6bd4\u589e\u957f43%\u3002\u300c\u5982\u679c\u4f60\u662f\u94f6\u884c\u8d22\u52a1\u4e3b\u7ba1,
\n\u5c31\u8981\u7ed9\u81ea\u5df1\u7684\u503a\u5238\u627e\u4e70\u5bb6\uff0c\u800c\u4e9a\u6d32\u50a8\u84c4\u4e30\u539a\uff0c\u300dAmstad\u8bf4\u9053\u3002\u300c\u4f46\u6211\u4eec\u501f\u94b1\u7ed9\u6b27\u6d32\u94f6\u884c\u7684\u65b9\u5f0f\u662f\u6781\u5176\u8c28\u614e\u7684\u3002\u300d<\/p>\n","protected":false},"excerpt":{"rendered":"

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