{"id":1189,"date":"2026-06-02T09:47:18","date_gmt":"2026-06-02T01:47:18","guid":{"rendered":"https:\/\/qubitledge.com\/?p=1189"},"modified":"2026-06-02T09:48:16","modified_gmt":"2026-06-02T01:48:16","slug":"%e7%ac%ac2%e7%ab%a0-%e7%89%b9%e5%88%ab%e4%b8%8a%e5%b8%82%e5%88%b6%e5%ba%a6","status":"publish","type":"post","link":"https:\/\/qubitledge.com\/index.php\/2026\/06\/02\/%e7%ac%ac2%e7%ab%a0-%e7%89%b9%e5%88%ab%e4%b8%8a%e5%b8%82%e5%88%b6%e5%ba%a6\/","title":{"rendered":"\u3010HKEX\u3011VOL2-\u65b0\u4e0a\u5e02\u7533\u8bf7\u4eba\u6307\u5357-\u7b2c\u4e8c\u7ae0\uff1a\u7279\u522b\u4e0a\u5e02\u5236\u5ea6"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">\u6574\u4f53\u67b6\u6784<\/h2>\n\n\n\n<pre class=\"wp-block-preformatted\">\u7279\u522b\u4e0a\u5e02\u5236\u5ea6<br>\u251c\u2500\u2500 2.1 \u6d77\u5916\u53d1\u884c\u4eba<br>\u251c\u2500\u2500 2.2 \u4e0d\u540c\u6295\u7968\u6743\u67b6\u6784\u7684\u516c\u53f8\uff08WVR\uff09<br>\u251c\u2500\u2500 2.3 \u751f\u7269\u79d1\u6280\u516c\u53f8<br>\u251c\u2500\u2500 2.4 \u7279\u6b8a\u76ee\u7684\u6536\u8d2d\u516c\u53f8\uff08SPAC\uff09<br>\u2514\u2500\u2500 2.5 \u7279\u4e13\u79d1\u6280\u516c\u53f8<br> &nbsp;  \u251c\u2500\u2500 \u5df2\u5546\u4e1a\u5316\u516c\u53f8\uff08\u6536\u76ca\u22652.5\u4ebf\u6e2f\u5143\uff09<br> &nbsp;  \u2514\u2500\u2500 \u672a\u5546\u4e1a\u5316\u516c\u53f8\uff08\u6536\u76ca&lt;2.5\u4ebf\u6e2f\u5143\uff09<\/pre>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e00\u3001\u6d77\u5916\u53d1\u884c\u4eba\uff08\u7b2c2.1\u8282\uff0c\u7b2c1-40\u6bb5\uff09<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">1.1 \u9002\u7528\u8303\u56f4<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728\u9999\u6e2f\u6216\u4e2d\u56fd\u5883\u5916\u6ce8\u518c\u6210\u7acb\u7684\u7533\u8bf7\u4eba\uff0c\u5305\u62ec\u5bfb\u6c42\u53cc\u91cd\u4e3b\u8981\u4e0a\u5e02\u6216\u7b2c\u4e8c\u4e0a\u5e02\u7684\u7533\u8bf7\u4eba\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1.2 \u6838\u5fc3\u80a1\u4e1c\u4fdd\u969c\u6c34\u5e73\u53ca\u4e2d\u592e\u7ed3\u7b97\u7cfb\u7edf<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u53d1\u884c\u4eba\u987b\u8bc1\u660e\u5176\u5f53\u5730\u6cd5\u5f8b\u3001\u89c4\u5219\u53ca\u7ec4\u7ec7\u7ae0\u7a0b\u6587\u4ef6\u5408\u8d77\u6765\u8fbe\u5230<strong>\u6838\u5fc3\u80a1\u4e1c\u4fdd\u969c\u6c34\u5e73<\/strong>\u3002<\/li>\n\n\n\n<li>\u6d77\u5916\u53d1\u884c\u4eba\u987b\u7b26\u5408<strong>\u51c6\u5165\u89c4\u5b9a<\/strong>\uff1a\u8bc1\u5238\u987b\u5408\u8d44\u683c\u7eb3\u5165\u4e2d\u592e\u7ed3\u7b97\u7cfb\u7edf\u3002<\/li>\n\n\n\n<li>\u6309\u6ce8\u518c\u6210\u7acb\u5730\u5206\u4e3a\u4e09\u7c7b\uff0cIPO\u524d\u67e5\u8be2\u8981\u6c42\u4e0d\u540c\uff1a<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u6ce8\u518c\u5730<\/th><th>\u662f\u5426\u9700\u8981IPO\u524d\u67e5\u8be2<\/th><\/tr><\/thead><tbody><tr><td>\u767e\u6155\u8fbe\/\u5f00\u66fc\u7fa4\u5c9b<\/td><td>\u4e00\u822c\u4e0d\u9700\u8981\uff08\u9664\u975e\u672a\u80fd\u5168\u9762\u9075\u5b88\uff09<\/td><\/tr><tr><td>\u8054\u4ea4\u6240\u520a\u53d1\u7684&#8221;\u6d77\u5916\u6ce8\u518c\u6210\u7acb\u53f8\u6cd5\u6743\u533a\u5217\u8868&#8221;\u4e0a\u7684\u5730\u533a<\/td><td>\u53d6\u51b3\u4e8e\u80fd\u5426\u5168\u9762\u9075\u5b88<\/td><\/tr><tr><td>\u5176\u4ed6\u5730\u533a<\/td><td>\u9700\u8981<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">1.3 \u6587\u4ef6\u8981\u6c42<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>M120\u8868\u683c\u3001\u6cd5\u5f8b\u610f\u89c1\u3001\u4fdd\u8350\u4eba\u786e\u8ba4\u3001\u4e2d\u592e\u7ed3\u7b97\u7cfb\u7edf\u51c6\u5165\u8868\u683c\u7b49\u3002<\/li>\n\n\n\n<li>\u987b\u5728\u8054\u4ea4\u6240\u53ca\u8bc1\u76d1\u4f1a\u786e\u8ba4\u65e0\u8fdb\u4e00\u6b65\u610f\u89c1\u540e\u65b9\u53ef\u63d0\u4ea4\u4e0a\u5e02\u7533\u8bf7\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">1.4 \u8d22\u52a1\u62a5\u544a\u51c6\u5219<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4e00\u822c\u91c7\u7528\u300a\u9999\u6e2f\u8d22\u52a1\u62a5\u544a\u51c6\u5219\u300b\u6216\u300a\u56fd\u9645\u8d22\u52a1\u62a5\u544a\u51c6\u5219\u300b\u3002<\/li>\n\n\n\n<li>\u8054\u4ea4\u6240\u4e5f\u63a5\u7eb3\uff1a\u6b27\u76dfIFRS\u3001\u7f8e\u56fdGAAP\u3001\u6fb3\u6d32\u4f1a\u8ba1\u51c6\u5219\u3001\u65e5\u672cGAAP\u3001\u65b0\u52a0\u5761FRS\u3001\u82f1\u56fd\u4f1a\u8ba1\u51c6\u5219\u7b49\u3002<\/li>\n\n\n\n<li>\u91c7\u7528\u975eHKFRS\/IFRS\u7684\u987b\u52a0\u5165<strong>\u5bf9\u8d26\u8868<\/strong>\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">1.5 \u5ba1\u8ba1\u51c6\u5219<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u987b\u76f8\u5f53\u4e8e\u9999\u6e2f\u4f1a\u8ba1\u5e08\u516c\u4f1a\u6216\u56fd\u9645\u5ba1\u8ba1\u53ca\u4fdd\u8bc1\u6807\u51c6\u59d4\u5458\u4f1a\u7684\u6807\u51c6\u3002<\/li>\n\n\n\n<li>\u8054\u4ea4\u6240\u63a5\u7eb3\u4e03\u5957\u5176\u4ed6\u5ba1\u8ba1\u51c6\u5219\uff08\u6fb3\u6d32\u3001\u52a0\u62ff\u5927\u3001\u6cd5\u56fd\u3001\u610f\u5927\u5229\u3001\u65b0\u52a0\u5761\u3001\u82f1\u56fd\u3001\u7f8e\u56fdPCAOB\uff09\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">1.6 \u5176\u4ed6\u8981\u70b9<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u9999\u6e2f\u9884\u6258\u8bc1\u5238\uff08HDR\uff09\uff1a\u7531\u91d1\u878d\u673a\u6784\u4f5c\u4e3a\u5b58\u7ba1\u5904\u53d1\u884c\uff0c\u4ee3\u8868\u67d0\u4e2a\u6bd4\u7387\u7684\u7533\u8bf7\u4eba\u80a1\u4efd\u3002<\/li>\n\n\n\n<li>\u7f8e\u56fd&#8221;\u5883\u5185\u53d1\u884c\u4eba&#8221;\u7684S\u89c4\u4f8b\u66ff\u4ee3\u7a0b\u5e8f\u3002<\/li>\n\n\n\n<li>\u8bc1\u5238\u540d\u79f0\u8bc6\u522b\uff1a\u7b2c\u4e8c\u4e0a\u5e02\u52a0&#8221;S&#8221;\u5b57\u5c3e\u3001\u9884\u6258\u8bc1\u5238\u52a0&#8221;DR&#8221;\u3001\u53d7\u9650\u8bc1\u5238\u52a0&#8221;RS&#8221;\u3001\u8fc7\u6e21\u5b9e\u4f53\u52a0&#8221;TP&#8221;\u3002<\/li>\n\n\n\n<li>\u516c\u53f8\u8d44\u6599\u62a5\u8868\uff1a\u7b2c\u4e8c\u4e0a\u5e02\u53d1\u884c\u4eba\u5fc5\u987b\u7f16\u5907\u3002<\/li>\n\n\n\n<li>\u7a0e\u9879\uff1a\u987b\u62ab\u9732\u5370\u82b1\u7a0e\u53ca\u80a1\u4e1c\u5e94\u7f34\u7a0e\u9879\u8be6\u60c5\u3002<\/li>\n\n\n\n<li>\u5883\u5916\u4f1a\u8ba1\u5e08\u4e8b\u52a1\u6240\u987b\u83b7\u4f1a\u8d22\u5c40\u8ba4\u53ef\u3002<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e8c\u3001\u4e0d\u540c\u6295\u7968\u6743\u67b6\u6784\u7684\u516c\u53f8\uff08\u7b2c2.2\u8282\uff0c\u7b2c1-23\u6bb5\uff09<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">2.1 \u6838\u5fc3\u539f\u5219<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;\u4e00\u80a1\u4e00\u7968&#8221;\u539f\u5219\u4ecd\u662f\u8d4b\u4e88\u6743\u529b\u53ca\u4f7f\u6743\u76ca\u4e00\u81f4\u7684\u6700\u7406\u60f3\u65b9\u6cd5\u3002<\/li>\n\n\n\n<li>\u8054\u4ea4\u6240\u5728\u63a5\u53d7WVR\u67b6\u6784\u4e0a\u5e02\u4e0a<strong>\u6781\u5176\u8282\u5236<\/strong>\u3002<\/li>\n\n\n\n<li>\u5373\u4f7f\u7b26\u5408\u672c\u7ae0\u89c4\u5b9a\uff0c\u8054\u4ea4\u6240\u4ecd\u53ef\u62d2\u7edd\u7533\u8bf7\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">2.2 \u521b\u65b0\u4ea7\u4e1a\u516c\u53f8\u89c4\u5b9a<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u7533\u8bf7\u4eba\u987b\u8bc1\u660e\u5177\u5907\u591a\u4e8e\u4e00\u9879\u4ee5\u4e0b\u7279\u70b9\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u7279\u70b9<\/th><th>\u5185\u5bb9<\/th><\/tr><\/thead><tbody><tr><td><strong>\u65b0\u79d1\u6280\/\u521b\u65b0\u7406\u5ff5\/\u65b0\u4e1a\u52a1\u6a21\u5f0f<\/strong><\/td><td>\u6210\u529f\u8425\u8fd0\u6709\u8d56\u6838\u5fc3\u4e1a\u52a1\u5e94\u7528\u4e0a\u8ff0\u5143\u7d20\uff0c\u6709\u522b\u4e8e\u73b0\u6709\u7ade\u4e89\u8005<\/td><\/tr><tr><td><strong>\u7814\u53d1\u8d21\u732e\u5927<\/strong><\/td><td>\u7814\u53d1\u4e3a\u516c\u53f8\u8d21\u732e\u4e00\u5927\u90e8\u5206\u9884\u671f\u4ef7\u503c\uff0c\u662f\u4e3b\u8981\u6d3b\u52a8\u53ca\u5360\u5927\u90e8\u5206\u5f00\u652f<\/td><\/tr><tr><td><strong>\u72ec\u6709\u4e1a\u52a1\u7279\u70b9\u6216\u77e5\u8bc6\u4ea7\u6743<\/strong><\/td><td>\u6210\u529f\u8425\u8fd0\u6709\u8d56\u72ec\u6709\u4e1a\u52a1\u7279\u70b9\u6216\u77e5\u8bc6\u4ea7\u6743<\/td><\/tr><tr><td><strong>\u5e02\u503c\/\u65e0\u5f62\u8d44\u4ea7\u6781\u9ad8<\/strong><\/td><td>\u76f8\u5bf9\u4e8e\u6709\u5f62\u8d44\u4ea7\u603b\u503c\uff0c\u5e02\u503c\/\u65e0\u5f62\u8d44\u4ea7\u603b\u503c\u6781\u9ad8<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">2.3 \u975e\u83b7\u8c41\u514d\u7533\u8bf7\u4eba\u7684\u989d\u5916\u7279\u5f81\uff08\u987b\u5168\u90e8\u7b26\u5408\uff09<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u7279\u5f81<\/th><th>\u8981\u6c42<\/th><\/tr><\/thead><tbody><tr><td><strong>\u516c\u53f8\u4e1a\u52a1\u6210\u529f<\/strong><\/td><td>\u6709\u9ad8\u589e\u957f\u4e1a\u52a1\u7eaa\u5f55\uff0c\u9ad8\u589e\u957f\u8f68\u8ff9\u9884\u671f\u53ef\u6301\u7eed<\/td><\/tr><tr><td><strong>WVR\u53d7\u76ca\u4eba\u7684\u8d21\u732e<\/strong><\/td><td>\u516c\u53f8\u4ef7\u503c\u4e3b\u8981\u4f9d\u8d56\u65e0\u5f62\u4eba\u529b\u8d44\u6e90\uff0c\u53d7\u76ca\u4eba\u6280\u80fd\/\u77e5\u8bc6\u5bf9\u4e1a\u52a1\u589e\u957f\u6709\u91cd\u5927\u8d21\u732e<\/td><\/tr><tr><td><strong>WVR\u53d7\u76ca\u4eba\u7684\u89d2\u8272<\/strong><\/td><td>\u6bcf\u540d\u53d7\u76ca\u4eba\u5fc5\u987b\u4e3a\u4e2a\u4eba\uff0c\u79ef\u6781\u53c2\u4e0e\u4e1a\u52a1\u8425\u8fd0\uff0c\u4e0a\u5e02\u65f6\u5747\u4e3a\u8463\u4e8b<\/td><\/tr><tr><td><strong>\u5916\u754c\u8ba4\u53ef<\/strong><\/td><td>\u81f3\u5c11\u4e00\u540d\u8d44\u6df1\u6295\u8d44\u8005\u63d0\u4f9b\u76f8\u5f53\u6570\u989d\u7b2c\u4e09\u65b9\u6295\u8d44\uff0c\u4e0a\u5e02\u65f6\u603b\u6295\u8d44\u989d\u81f3\u5c1150%\u4fdd\u7559\u81f3IPO\u540e\u6ee1\u516d\u4e2a\u6708<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">2.4 \u751f\u7269\u79d1\u6280\u516c\u53f8\u53ca\u7279\u4e13\u79d1\u6280\u516c\u53f8\u7684WVR<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5b8c\u5168\u7b26\u5408\u7b2c\u5341\u516bA\u7ae0\u6216\u7b2c\u5341\u516bC\u7ae0\u89c4\u5b9a\u7684\u7533\u8bf7\u4eba\u89c6\u4e3a\u5df2\u6ee1\u8db3\u521b\u65b0\u4ea7\u4e1a\u516c\u53f8\u89c4\u5b9a\u548c\u5916\u754c\u8ba4\u53ef\u89c4\u5b9a\u3002<\/li>\n\n\n\n<li>\u4ecd\u987b\u9075\u5b88WVR\u53d7\u76ca\u4eba\u8d21\u732e\u3001\u89d2\u8272\u7b49\u5176\u4ed6\u89c4\u5b9a\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">2.5 \u987b\u9075\u5b88\u5916\u5546\u6295\u8d44\u9650\u5236\u7684WVR\u7533\u8bf7\u4eba<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u53ef\u901a\u8fc7WVR\u67b6\u6784\u8bc1\u660e\u5b9e\u9645\u7531\u76f8\u5173\u56fd\u5bb6\u516c\u6c11\u63a7\u5236\u3002<\/li>\n\n\n\n<li>\u987b\u6e05\u695a\u89e3\u91ca\u53ca\u62ab\u9732WVR\u53ef\u80fd\u5931\u6548\u7684\u98ce\u9669\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">2.6 \u83b7\u8c41\u514d\u5927\u4e2d\u534e\u53d1\u884c\u4eba\u548c\u975e\u5927\u4e2d\u534e\u53d1\u884c\u4eba\u7684\u5408\u7ea6\u5b89\u6392<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u987b\u63d0\u4f9b\u6cd5\u5f8b\u610f\u89c1\u8bf4\u660e\u5408\u7ea6\u5b89\u6392\u7b26\u5408\u6cd5\u5f8b\u3002<\/li>\n\n\n\n<li>\u8054\u4ea4\u6240\u6309\u4e2a\u522b\u60c5\u51b5\u8bc4\u4f30\u662f\u5426\u5141\u8bb8\u73b0\u5b58\u5408\u7ea6\u5b89\u6392\u3002<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e09\u3001\u751f\u7269\u79d1\u6280\u516c\u53f8\uff08\u7b2c2.3\u8282\uff0c\u7b2c1-21\u6bb5\uff09<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">3.1 \u4e0a\u5e02\u6761\u4ef6<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e0d\u7b26\u5408\u300a\u4e3b\u677f\u89c4\u5219\u300b\u7b2c8.05\u6761\u8d22\u52a1\u8d44\u683c\u7684\u7533\u8bf7\u4eba\uff0c\u53ef\u6839\u636e\u7b2c\u5341\u516bA\u7ae0\u7533\u8bf7\u4e0a\u5e02\uff0c\u6761\u4ef6\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u6761\u4ef6<\/th><th>\u8981\u6c42<\/th><\/tr><\/thead><tbody><tr><td>\u5408\u8d44\u683c\u53ca\u9002\u5408<\/td><td>\u4ee5\u751f\u7269\u79d1\u6280\u516c\u53f8\u8eab\u4efd\u4e0a\u5e02<\/td><\/tr><tr><td>\u4e0a\u5e02\u65f6\u5e02\u503c<\/td><td>\u81f3\u5c11<strong>15\u4ebf\u6e2f\u5143<\/strong><\/td><\/tr><tr><td>\u7ba1\u7406\u5c42\u5ef6\u7eed\u6027<\/td><td>\u4e0a\u5e02\u524d\u81f3\u5c11\u4e24\u4e2a\u4f1a\u8ba1\u5e74\u5ea6\u7531\u5927\u81f4\u76f8\u540c\u7ba1\u7406\u5c42\u7ecf\u8425<\/td><\/tr><tr><td>\u8425\u8fd0\u8d44\u91d1<\/td><td>\u8db3\u53ef\u5e94\u4ed8\u520a\u53d1\u65e5\u671f\u8d77\u81f3\u5c1112\u4e2a\u6708\u6240\u9700\u5f00\u652f\u7684<strong>125%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">3.2 \u4e0a\u5e02\u8d44\u683c\u53ca\u9002\u5408\u6027\uff08\u4e94\u9879\u8981\u6c42\uff09<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u8981\u6c42<\/th><th>\u5185\u5bb9<\/th><\/tr><\/thead><tbody><tr><td>(i) \u6838\u5fc3\u4ea7\u54c1\u901a\u8fc7\u6982\u5ff5\u9636\u6bb5<\/td><td>\u836f\u7269\u987b\u901a\u8fc7\u7b2c\u4e00\u671f\u4e34\u5e8a\u6216\u76d1\u7ba1\u91cc\u7a0b\u7891\uff1b\u533b\u7597\u5668\u6750\u987b\u5b8c\u6210\u7b2c\u4e8c\u7ea7\u6216\u4ee5\u4e0a\u4e34\u5e8a\u8bd5\u9a8c<\/td><\/tr><tr><td>(ii) \u4e13\u6ce8\u7814\u53d1<\/td><td>\u4e3b\u8981\u4e13\u6ce8\u7814\u53d1\u6838\u5fc3\u4ea7\u54c1\uff0c\u4e0a\u5e02\u524d12\u4e2a\u6708\u5185\u6301\u7eed\u8fdb\u884c<\/td><\/tr><tr><td>(iii) \u96c6\u8d44\u7528\u9014<\/td><td>\u4e0a\u5e02\u96c6\u8d44\u4e3b\u8981\u7528\u4e8e\u7814\u53d1\u6838\u5fc3\u4ea7\u54c1\u4ee5\u63a8\u51fa\u5e02\u573a<\/td><\/tr><tr><td>(iv) \u77e5\u8bc6\u4ea7\u6743<\/td><td>\u62e5\u6709\u4e0e\u6838\u5fc3\u4ea7\u54c1\u6709\u5173\u7684\u4e13\u5229\uff08\u5df2\u6ce8\u518c\/\u7533\u8bf7\u4e2d\uff09\u53ca\u5176\u4ed6\u77e5\u8bc6\u4ea7\u6743<\/td><\/tr><tr><td>(v) \u8d44\u6df1\u6295\u8d44\u8005<\/td><td>\u4e0a\u5e02\u65e5\u671f\u81f3\u5c116\u4e2a\u6708\u524d\u83b7\u81f3\u5c11\u4e00\u540d\u8d44\u6df1\u6295\u8d44\u8005\u63d0\u4f9b\u76f8\u5f53\u6570\u989d\u6295\u8d44\uff08\u672a\u64a4\u56de\uff09<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">3.3 &#8220;\u76f8\u5f53\u6570\u989d\u7684\u6295\u8d44&#8221;\u53c2\u8003\u6307\u6807<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u7533\u8bf7\u4eba\u5e02\u503c\uff08\u6e2f\u5143\uff09<\/th><th>\u6295\u8d44\u91d1\u989d\u5360\u5df2\u53d1\u884c\u80a1\u672c\u6bd4\u4f8b<\/th><\/tr><\/thead><tbody><tr><td>15\u81f330\u4ebf<\/td><td>\u22655%<\/td><\/tr><tr><td>&gt;30\u81f380\u4ebf<\/td><td>\u22653%<\/td><\/tr><tr><td>&gt;80\u4ebf<\/td><td>\u22651%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">3.4 \u62ab\u9732\u6307\u5f15<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u987b\u5411\u6f5c\u5728\u6295\u8d44\u8005\u63d0\u4f9b<strong>\u516c\u6b63\u3001\u4e0d\u504f\u4e0d\u501a\u53ca\u51c6\u786e<\/strong>\u7684\u8d44\u6599\u3002<\/li>\n\n\n\n<li>\u907f\u514d\u5e02\u573a\u8425\u9500\/\u9f13\u821e\u5316\u8bed\u8a00\uff08\u5982&#8221;\u65b0\u9896&#8221;\u3001&#8221;\u9f99\u5934&#8221;\u3001&#8221;\u9876\u5c16&#8221;\u7b49\uff09\u3002<\/li>\n\n\n\n<li>\u9002\u5f53\u4f7f\u7528\u56fe\u8868\u3001\u6d41\u7a0b\u56fe\u53ca\u8868\u683c\u3002<\/li>\n\n\n\n<li>\u907f\u514d\u8fc7\u5ea6\u4f9d\u8d56\u884c\u4e1a\u987e\u95ee\u3002<\/li>\n\n\n\n<li>\u987b\u5728&#8221;\u6982\u8981&#8221;\u3001&#8221;\u98ce\u9669\u56e0\u7d20&#8221;\u3001&#8221;\u884c\u4e1a\u6982\u89c8&#8221;\u3001&#8221;\u4e1a\u52a1&#8221;\u3001&#8221;\u8d22\u52a1\u8d44\u6599&#8221;\u7b49\u7ae0\u8282\u4f5c\u51fa\u7279\u5b9a\u62ab\u9732\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">3.5 IPO\u80a1\u4efd\u8ba4\u8d2d\u53ca\u5206\u914d<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u73b0\u6709\u80a1\u4e1c\u53ef\u53c2\u4e0eIPO\uff1a\u226510%\u6301\u80a1\u8005\u987b\u4ee5\u57fa\u77f3\u6295\u8d44\u8005\u8eab\u4efd\u8ba4\u8d2d\uff1b&lt;10%\u8005\u53ef\u4ee5\u57fa\u77f3\u6216\u914d\u552e\u4eba\u8eab\u4efd\u8ba4\u8d2d\u3002<\/li>\n\n\n\n<li>\u91c7\u7528WVR\u7684\u751f\u7269\u79d1\u6280\u516c\u53f8\u987b\u540c\u65f6\u9075\u5b88\u7b2c2.2\u7ae0\u548c\u7b2c\u516bA\u7ae0\u89c4\u5b9a\u3002<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u56db\u3001\u7279\u6b8a\u76ee\u7684\u6536\u8d2d\u516c\u53f8 SPAC\uff08\u7b2c2.4\u8282\uff0c\u7b2c1-36\u6bb5\uff09<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">4.1 SPAC\u53d1\u8d77\u4eba\u7684\u9002\u5408\u6027<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4e0a\u5e02\u65f6\u53ca\u6301\u7eed\u81f3\u5c11\u4e00\u540dSPAC\u53d1\u8d77\u4eba\u987b\u6301\u6709\u8bc1\u76d1\u4f1a<strong>\u7b2c6\u7c7b\u53ca\/\u6216\u7b2c9\u7c7b\u724c\u7167<\/strong>\u3002<\/li>\n\n\n\n<li>\u8054\u4ea4\u6240\u53ef\u8003\u8651\u63a5\u7eb3\u76f8\u5f53\u7684\u6d77\u5916\u8ba4\u8bc1\u3002<\/li>\n\n\n\n<li>SPAC\u53d1\u8d77\u4eba\u7684\u63a7\u80a1\u516c\u53f8\u7b26\u5408\u724c\u7167\u89c4\u5b9a\u4e5f\u53ef\u63a5\u53d7\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">4.2 \u8bc1\u5238\u6807\u8bb0<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SPAC\u80a1\u4efd\u4ee5&#8221;Z&#8221;\u7ed3\u5c3e\uff1bSPAC\u6743\u8bc1\u4ee5&#8221;ZYYMM&#8221;\u6216&#8221;ZYY&#8221;\u7ed3\u5c3e\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">4.3 \u6258\u7ba1\u8d26\u6237\u8d44\u91d1<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u987b\u4ee5\u73b0\u91d1\u6216\u73b0\u91d1\u7b49\u4ef7\u7269\u5f62\u5f0f\u6301\u6709\u3002<\/li>\n\n\n\n<li>\u73b0\u91d1\u7b49\u4ef7\u7269\u987b\u4e3a\u653f\u5e9c\u53d1\u884c\u7684\u77ed\u671f\u8bc1\u5238\uff0c\u4fe1\u7528\u8bc4\u7ea7\u81f3\u5c11\u4e3a\u6807\u666eA-1\/\u7a46\u8feaP-1\/\u60e0\u8a89F1\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">4.4 \u72ec\u7acb\u7b2c\u4e09\u65b9\u6295\u8d44<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SPAC\u5e76\u8d2d\u4ea4\u6613\u987b\u7b79\u96c6\u72ec\u7acb\u7b2c\u4e09\u65b9\u6295\u8d44\uff0c\u603b\u989d\u987b\u81f3\u5c11\u8fbe\u5230\u8bae\u5b9a\u4f30\u503c\u7684\u6307\u5b9a\u767e\u5206\u6bd4\u62165\u4ebf\u6e2f\u5143\uff08\u4ee5\u8f83\u4f4e\u8005\u4e3a\u51c6\uff09\u3002<\/li>\n\n\n\n<li>\u72ec\u7acb\u6027\u89c4\u5b9a\uff1aSPAC\/\u5e76\u8d2d\u76ee\u6807\u7684\u6838\u5fc3\u5173\u8fde\u4eba\u58eb\u3001\u63a7\u80a1\u80a1\u4e1c\u3001\u521b\u529e\u4eba\u53ca\u5176\u7d27\u5bc6\u8054\u7cfb\u4eba<strong>\u4e0d\u89c6\u4e3a\u72ec\u7acb<\/strong>\u3002<\/li>\n\n\n\n<li>\u81f3\u5c1150%\u6295\u8d44\u987b\u6765\u81ea\u4e0d\u5c11\u4e8e<strong>\u4e09\u540d\u8d44\u6df1\u6295\u8d44\u8005<\/strong>\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">4.5 \u8d44\u6df1\u6295\u8d44\u8005\u793a\u4f8b<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u7ba1\u7406\u8d44\u4ea7\u603b\u503c\u81f3\u5c1180\u4ebf\u6e2f\u5143\u7684\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\/\u57fa\u91d1<\/li>\n\n\n\n<li>\u6295\u8d44\u7ec4\u5408\u81f3\u5c1180\u4ebf\u6e2f\u5143\u4e14\u591a\u5143\u5316\u7684\u516c\u53f8<\/li>\n\n\n\n<li>\u5177\u6709\u76f8\u5f53\u5e02\u573a\u4efd\u989d\u53ca\u89c4\u6a21\u7684\u4e0a\u6e38\/\u4e0b\u6e38\u884c\u4e1a\u4e3b\u8981\u53c2\u4e0e\u8005<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">4.6 \u53d7\u6258\u4eba\/\u4fdd\u7ba1\u4eba<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u987b\u4e3a\u8bc1\u76d1\u4f1a\u63a5\u7eb3\u7684\u8ba4\u53ef\u96c6\u4f53\u6295\u8d44\u8ba1\u5212\u53d7\u6258\u4eba\/\u4fdd\u7ba1\u4eba\u3002<\/li>\n\n\n\n<li>\u6258\u7ba1\u8d26\u6237\u987b\u4e8e\u9999\u6e2f\u6ce8\u518c\u3002<\/li>\n\n\n\n<li>\u72ec\u7acb\u4e8eSPAC\u53ca\u5176\u5173\u8fde\u4eba\u58eb\u3002<\/li>\n\n\n\n<li>\u987b\u5c65\u884c\u4fdd\u7ba1\u3001\u5206\u5f00\u4fdd\u7ba1\u3001\u6838\u5b9e\u3001\u76d1\u5bdf\u7b49\u8d23\u4efb\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">4.7 \u5176\u4ed6\u89c4\u5b9a<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SPAC\u53d1\u8d77\u4eba\u53ef\u53c2\u4e0eSPAC\u9996\u6b21\u4e0a\u5e02\u53d1\u552e\u53ca\u5e76\u8d2d\u4ea4\u6613\u878d\u8d44\uff08\u987b\u7b26\u5408\u6761\u4ef6\uff09\u3002<\/li>\n\n\n\n<li>\u8fdc\u671f\u8d2d\u5165\u534f\u8bae\u6784\u6210\u5173\u8fde\u4ea4\u6613\u3002<\/li>\n\n\n\n<li>SPAC\u53d1\u8d77\u4eba\u8d37\u6b3e\u987b\u9075\u5b88\u5173\u8fde\u4ea4\u6613\u89c4\u5b9a\u3002<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e94\u3001\u7279\u4e13\u79d1\u6280\u516c\u53f8\uff08\u7b2c2.5\u8282\uff0c\u7b2c1-70\u6bb5+\u9644\u5f55\uff09<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">5.1 \u5b9a\u4e49<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5df2\u5546\u4e1a\u5316\u516c\u53f8<\/strong>\uff1a\u7ecf\u5ba1\u8ba1\u6700\u8fd1\u4e00\u4e2a\u4f1a\u8ba1\u5e74\u5ea6\u6536\u76ca\u81f3\u5c11<strong>2.5\u4ebf\u6e2f\u5143<\/strong>\u3002<\/li>\n\n\n\n<li><strong>\u672a\u5546\u4e1a\u5316\u516c\u53f8<\/strong>\uff1a\u5c1a\u672a\u7b26\u5408\u5df2\u5546\u4e1a\u5316\u516c\u53f8\u6536\u76ca\u89c4\u5b9a\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">5.2 \u7279\u4e13\u79d1\u6280\u884c\u4e1a\u540d\u5355\uff08\u4e94\u5927\u7c7b\uff09<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u884c\u4e1a\u7c7b\u522b<\/th><th>\u53ef\u63a5\u7eb3\u9886\u57df\uff08\u793a\u4f8b\uff09<\/th><\/tr><\/thead><tbody><tr><td><strong>\u65b0\u4e00\u4ee3\u4fe1\u606f\u6280\u672f<\/strong><\/td><td>\u4e91\u7aef\u670d\u52a1\uff08SaaS\/PaaS\/IaaS\uff09\u3001\u4eba\u5de5\u667a\u80fd<\/td><\/tr><tr><td><strong>\u5148\u8fdb\u786c\u4ef6\u53ca\u8f6f\u4ef6<\/strong><\/td><td>\u673a\u5668\u4eba\u53ca\u81ea\u52a8\u5316\u3001\u534a\u5bfc\u4f53\u3001\u5148\u8fdb\u901a\u4fe1\u6280\u672f\u3001\u7535\u52a8\/\u81ea\u52a8\u9a7e\u9a76\u6c7d\u8f66\u3001\u5148\u8fdb\u8fd0\u8f93\u6280\u672f\u3001\u822a\u5929\u79d1\u6280\u3001\u5148\u8fdb\u5236\u9020\u4e1a\u3001\u91cf\u5b50\u4fe1\u606f\u6280\u672f\u3001\u5143\u5b87\u5b99\u6280\u672f<\/td><\/tr><tr><td><strong>\u5148\u8fdb\u6750\u6599<\/strong><\/td><td>\u5408\u6210\u751f\u7269\u6750\u6599\u3001\u5148\u8fdb\u65e0\u673a\u6750\u6599\u3001\u5148\u8fdb\u590d\u5408\u6750\u6599\u3001\u7eb3\u7c73\u6750\u6599<\/td><\/tr><tr><td><strong>\u65b0\u80fd\u6e90\u53ca\u8282\u80fd\u73af\u4fdd<\/strong><\/td><td>\u65b0\u80fd\u6e90\u751f\u4ea7\u3001\u65b0\u80fd\u6e90\u50a8\u5b58\u53ca\u4f20\u8f93\u6280\u672f\u3001\u65b0\u7eff\u8272\u6280\u672f<\/td><\/tr><tr><td><strong>\u65b0\u98df\u54c1\u53ca\u519c\u4e1a\u6280\u672f<\/strong><\/td><td>\u65b0\u98df\u54c1\u6280\u672f\u3001\u65b0\u519c\u4e1a\u6280\u672f<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">5.3 \u4e0a\u5e02\u6700\u4f4e\u5e02\u503c\u8981\u6c42\uff08\u7ecf2024\u5e74\u4fee\u8ba2\uff09<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u7c7b\u578b<\/th><th>\u6700\u4f4e\u5e02\u503c<\/th><\/tr><\/thead><tbody><tr><td>\u5df2\u5546\u4e1a\u5316\u516c\u53f8<\/td><td><strong>40\u4ebf\u6e2f\u5143<\/strong><\/td><\/tr><tr><td>\u672a\u5546\u4e1a\u5316\u516c\u53f8<\/td><td><strong>80\u4ebf\u6e2f\u5143<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">5.4 \u7814\u53d1\u5f00\u652f\u89c4\u5b9a<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u7c7b\u522b<\/th><th>\u5df2\u5546\u4e1a\u5316\u516c\u53f8<\/th><th>\u672a\u5546\u4e1a\u5316\u516c\u53f8<\/th><\/tr><\/thead><tbody><tr><td>\u4e0a\u5e02\u524d\u4e09\u4e2a\u4f1a\u8ba1\u5e74\u5ea6\u6bcf\u5e74\u7814\u53d1\u5360\u603b\u8425\u8fd0\u5f00\u652f\u6bd4\u4f8b<\/td><td>\u226515%<\/td><td>\u226550%<\/td><\/tr><tr><td>\u4e0a\u5e02\u524d\u4e09\u4e2a\u4f1a\u8ba1\u5e74\u5ea6\u6574\u4f53\u7814\u53d1\u5360\u603b\u8425\u8fd0\u5f00\u652f\u6bd4\u4f8b<\/td><td>\u226515%<\/td><td>\u226550%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">5.5 \u7b2c\u4e09\u65b9\u6295\u8d44\u89c4\u5b9a<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u987b\u83b7<strong>\u8d44\u6df1\u72ec\u7acb\u6295\u8d44\u8005<\/strong>\u76f8\u5f53\u6570\u989d\u7684\u6295\u8d44\u3002<\/li>\n\n\n\n<li><strong>\u8d44\u6df1\u6295\u8d44\u8005<\/strong>\u793a\u4f8b\uff1a\u7ba1\u7406\u8d44\u4ea7\u2265150\u4ebf\u6e2f\u5143\u7684\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\/\u57fa\u91d1\uff1b\u6295\u8d44\u7ec4\u5408\u2265150\u4ebf\u6e2f\u5143\u7684\u516c\u53f8\uff1b\u7ba1\u7406\u8d44\u4ea7\u226550\u4ebf\u6e2f\u5143\u4e14\u4e3b\u8981\u6765\u81ea\u7279\u4e13\u79d1\u6280\u6295\u8d44\u7684\u6295\u8d44\u8005\u3002<\/li>\n\n\n\n<li><strong>\u9886\u822a\u8d44\u6df1\u72ec\u7acb\u6295\u8d44\u8005<\/strong>\uff1a2-5\u540d\uff0c\u4e0a\u5e02\u7533\u8bf7\u524d\u81f3\u5c1112\u4e2a\u6708\u5df2\u6295\u8d44\uff0c\u5408\u8ba1\u6301\u6709\u226510%\u6216\u6295\u8d44\u226515\u4ebf\u6e2f\u5143\u3002<\/li>\n\n\n\n<li>\u6240\u6709\u8d44\u6df1\u72ec\u7acb\u6295\u8d44\u8005\u6295\u8d44\u603b\u989d\u5360\u4e0a\u5e02\u65f6\u5df2\u53d1\u884c\u80a1\u672c\u6700\u4f4e\u6bd4\u4f8b\uff1a<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u5e02\u503c<\/th><th>\u5df2\u5546\u4e1a\u5316\u516c\u53f8<\/th><th>\u672a\u5546\u4e1a\u5316\u516c\u53f8<\/th><\/tr><\/thead><tbody><tr><td>40-150\u4ebf \/ 80-150\u4ebf<\/td><td>20%<\/td><td>25%<\/td><\/tr><tr><td>150-300\u4ebf<\/td><td>15%<\/td><td>20%<\/td><\/tr><tr><td>\u2265300\u4ebf<\/td><td>10%<\/td><td>15%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">5.6 \u8fbe\u5230\u6536\u76ca\u89c4\u5b9a\u7684\u8def\u5f84\uff08\u672a\u5546\u4e1a\u5316\u516c\u53f8\uff09<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u987b\u8be6\u7ec6\u8bf4\u660e\u8fbe\u5230\u5df2\u5546\u4e1a\u5316\u516c\u53f8\u6536\u76ca\u89c4\u5b9a\u7684<strong>\u65f6\u95f4\u8868\u53ca\u969c\u788d<\/strong>\u3002<\/li>\n\n\n\n<li>\u53ef\u4fe1\u8def\u5f84\u793a\u4f8b\uff1a\u4e0e\u72ec\u7acb\u5ba2\u6237\u8ba2\u7acb\u5177\u7ea6\u675f\u529b\u5408\u7ea6\u6216\u65e0\u7ea6\u675f\u529b\u6846\u67b6\u534f\u8bae\uff0c\u6db5\u76d6\u5408\u7406\u6570\u91cf\u72ec\u7acb\u5ba2\u6237\uff0c\u91cd\u5927\u6f5c\u5728\u603b\u5408\u7ea6\u4ef7\u503c\u53ef\u5728\u4e0a\u5e02\u65e5\u8d7724\u4e2a\u6708\u5185\u53d8\u73b0\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">5.7 \u5411\u72ec\u7acb\u5b9a\u4ef7\u6295\u8d44\u8005\u5206\u914d\u80a1\u4efd<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IPO\u53d1\u552e\u80a1\u4efd\u603b\u6570\u4e2d\u81f3\u5c11<strong>50%<\/strong>\u987b\u7531\u72ec\u7acb\u5b9a\u4ef7\u6295\u8d44\u8005\u8ba4\u8d2d\u3002<\/li>\n\n\n\n<li>\u72ec\u7acb\u5b9a\u4ef7\u6295\u8d44\u8005\uff1a\u673a\u6784\u4e13\u4e1a\u6295\u8d44\u8005\u6216\u7ba1\u7406\u8d44\u4ea7\u226510\u4ebf\u6e2f\u5143\u7684\u5176\u4ed6\u6295\u8d44\u8005\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">5.8 \u62ab\u9732\u8981\u6c42<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u987b\u62ab\u9732\uff1aIPO\u524d\u6295\u8d44\u8d44\u6599\u53ca\u4f30\u503c\u3001\u8d44\u91d1\u6d88\u8017\u7387\u3001\u73b0\u91d1\u7ecf\u8425\u6210\u672c\u3001\u4ea7\u54c1\u63cf\u8ff0\u53ca\u5f00\u53d1\u65f6\u95f4\u8868\u3001\u5546\u4e1a\u5316\u72b6\u51b5\u3001\u76ee\u6807\u5e02\u573a\u53ca\u7ade\u4e89\u5f62\u52bf\u3001\u4e1a\u52a1\u6a21\u5f0f\u53ca\u5173\u952e\u6307\u6807\u3001\u7814\u53d1\u5f00\u652f\u660e\u7ec6\u3001\u77e5\u8bc6\u4ea7\u6743\u3001\u98ce\u9669\u56e0\u7d20\u7b49\u3002<\/li>\n\n\n\n<li>\u4e0a\u5e02\u6587\u4ef6\u5c01\u9762\u987b\u5c55\u793a<strong>\u8b66\u544a\u58f0\u660e<\/strong>\u3002<\/li>\n\n\n\n<li>\u672a\u5546\u4e1a\u5316\u516c\u53f8\u987b\u989d\u5916\u5c55\u793a\u9644\u52a0\u8b66\u544a\u58f0\u660e\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">5.9 \u80a1\u4efd\u6807\u8bb0<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u672a\u5546\u4e1a\u5316\u516c\u53f8\u80a1\u4efd\u540d\u79f0\u7ed3\u5c3e\u987b\u6709<strong>&#8220;P&#8221;<\/strong>\u5b57\u6807\u8bc6\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">5.10 \u7981\u552e\u671f<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5173\u952e\u4eba\u58eb<\/strong>\uff08\u7814\u53d1\u4e3b\u7ba1\u3001\u6838\u5fc3\u6280\u672f\u9996\u5e2d\u5f00\u53d1\u4eba\u5458\u7b49\uff09\u51fa\u552e\u6743\u76ca\u53d7\u9650\u5236\u3002<\/li>\n\n\n\n<li><strong>\u9886\u822a\u8d44\u6df1\u72ec\u7acb\u6295\u8d44\u8005<\/strong>\u987b\u9075\u5b88\u7981\u552e\u89c4\u5b9a\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">5.11 \u91c7\u7528WVR\u7684\u7279\u4e13\u79d1\u6280\u516c\u53f8<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u89c6\u4e3a\u5df2\u6ee1\u8db3\u521b\u65b0\u4ea7\u4e1a\u516c\u53f8\u89c4\u5b9a\u548c\u5916\u754c\u8ba4\u53ef\u89c4\u5b9a\u3002<\/li>\n\n\n\n<li>\u4ecd\u987b\u9075\u5b88\u7b2c2.2\u7ae0\u548c\u7b2c\u516bA\u7ae0\u6240\u6709\u5176\u4ed6\u9002\u7528\u89c4\u5b9a\u3002<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e94\u79cd\u7279\u522b\u4e0a\u5e02\u5236\u5ea6\u5bf9\u6bd4\u6458\u8981<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u7279\u5f81<\/th><th>\u6d77\u5916\u53d1\u884c\u4eba<\/th><th>WVR\u516c\u53f8<\/th><th>\u751f\u7269\u79d1\u6280\u516c\u53f8<\/th><th>SPAC<\/th><th>\u7279\u4e13\u79d1\u6280\u516c\u53f8<\/th><\/tr><\/thead><tbody><tr><td>\u9002\u7528\u89c4\u5219<\/td><td>\u7b2c\u5341\u4e5d\/\u5341\u4e5dC\u7ae0<\/td><td>\u7b2c\u516bA\u7ae0<\/td><td>\u7b2c\u5341\u516bA\u7ae0<\/td><td>\u7b2c\u5341\u516bB\u7ae0<\/td><td>\u7b2c\u5341\u516bC\u7ae0<\/td><\/tr><tr><td>\u6700\u4f4e\u5e02\u503c<\/td><td>\u6309\u4e00\u822c\u89c4\u5b9a<\/td><td>\u6309\u4e00\u822c\u89c4\u5b9a<\/td><td>\u226515\u4ebf\u6e2f\u5143<\/td><td>\u6309\u89c4\u5b9a<\/td><td>\u5df2\u5546\u4e1a\u5316\u226540\u4ebf\/\u672a\u5546\u4e1a\u5316\u226580\u4ebf<\/td><\/tr><tr><td>\u8d22\u52a1\u8d44\u683c<\/td><td>\u6309\u4e00\u822c\u89c4\u5b9a<\/td><td>\u987b\u7b26\u5408<\/td><td>\u8c41\u514d<\/td><td>\u4e0d\u9002\u7528<\/td><td>\u8c41\u514d<\/td><\/tr><tr><td>\u521b\u65b0\u6027\u8981\u6c42<\/td><td>\u65e0<\/td><td>\u521b\u65b0\u4ea7\u4e1a\u516c\u53f8\u89c4\u5b9a<\/td><td>\u901a\u8fc7\u6838\u5fc3\u4ea7\u54c1\u4f53\u73b0<\/td><td>\u65e0<\/td><td>\u7279\u4e13\u79d1\u6280\u884c\u4e1a+\u7814\u53d1\u5f00\u652f\u6bd4\u4f8b<\/td><\/tr><tr><td>\u7b2c\u4e09\u65b9\u6295\u8d44<\/td><td>\u65e0\u7279\u522b\u8981\u6c42<\/td><td>\u5916\u754c\u8ba4\u53ef<\/td><td>\u8d44\u6df1\u6295\u8d44\u8005\u76f8\u5f53\u6570\u989d\u6295\u8d44<\/td><td>\u72ec\u7acb\u7b2c\u4e09\u65b9\u6295\u8d44+\u8d44\u6df1\u6295\u8d44\u8005<\/td><td>\u8d44\u6df1\u72ec\u7acb\u6295\u8d44\u8005\u76f8\u5f53\u6570\u989d\u6295\u8d44<\/td><\/tr><tr><td>\u7279\u6b8a\u6807\u8bb0<\/td><td>S\/DR\/RS\/TP<\/td><td>\u65e0<\/td><td>\u65e0<\/td><td>Z<\/td><td>P\uff08\u672a\u5546\u4e1a\u5316\uff09<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>\u53d1\u884c\u4eba\u987b\u8bc1\u660e\u5176\u5f53\u5730\u6cd5\u5f8b\u3001\u89c4\u5219\u53ca\u7ec4\u7ec7\u7ae0\u7a0b\u6587\u4ef6\u5408\u8d77\u6765\u8fbe\u5230\u6838\u5fc3\u80a1\u4e1c\u4fdd\u969c\u6c34\u5e73\u3002\u6d77\u5916\u53d1\u884c\u4eba\u987b\u7b26\u5408\u51c6\u5165\u89c4\u5b9a\uff1a\u8bc1\u5238\u987b\u5408\u8d44\u683c\u7eb3\u5165\u4e2d\u592e\u7ed3\u7b97\u7cfb\u7edf\u3002<\/p>\n","protected":false},"author":1,"featured_media":1190,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[16],"class_list":["post-1189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-16"],"_links":{"self":[{"href":"https:\/\/qubitledge.com\/index.php\/wp-json\/wp\/v2\/posts\/1189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qubitledge.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qubitledge.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qubitledge.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/qubitledge.com\/index.php\/wp-json\/wp\/v2\/comments?post=1189"}],"version-history":[{"count":2,"href":"https:\/\/qubitledge.com\/index.php\/wp-json\/wp\/v2\/posts\/1189\/revisions"}],"predecessor-version":[{"id":1193,"href":"https:\/\/qubitledge.com\/index.php\/wp-json\/wp\/v2\/posts\/1189\/revisions\/1193"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qubitledge.com\/index.php\/wp-json\/wp\/v2\/media\/1190"}],"wp:attachment":[{"href":"https:\/\/qubitledge.com\/index.php\/wp-json\/wp\/v2\/media?parent=1189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qubitledge.com\/index.php\/wp-json\/wp\/v2\/categories?post=1189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qubitledge.com\/index.php\/wp-json\/wp\/v2\/tags?post=1189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}