{"id":97580,"date":"2025-12-10T22:15:00","date_gmt":"2025-12-11T03:15:00","guid":{"rendered":"https:\/\/www.chinesepress.com\/?p=97580"},"modified":"2025-12-10T21:49:10","modified_gmt":"2025-12-11T02:49:10","slug":"%e6%b8%af%e4%bb%8a%e5%b9%b4ipo%e9%a1%8d2721%e5%84%84%e3%80%80%e6%99%82%e9%9a%946%e5%b9%b4%e5%86%8d%e7%99%bb%e4%b8%96%e4%b8%80","status":"publish","type":"post","link":"https:\/\/www.chinesepress.com\/pre\/archives\/97580","title":{"rendered":"\u6e2f\u4eca\u5e74IPO\u984d2721\u5104\u3000\u6642\u96946\u5e74\u518d\u767b\u4e16\u4e00"},"content":{"rendered":"\n
\"\"\/<\/a>
\u7562\u99ac\u5a01\u5289\u5927\u660c\uff08\u5de6\uff09\u8868\u793a\uff0c\u6108\u4f86\u6108\u591a\u9ad8\u79d1\u6280\u53ca\u751f\u7269\u79d1\u6280\u4f01\u696d\u9078\u64c7\u4f86\u6e2f\u4e0a\u5e02\uff0c\u540c\u6642\u5916\u8cc7\u53c3\u8207\u5ea6\u6301\u7e8c\u63d0\u5347\u3002<\/figcaption><\/figure>\n\n\n\n

\u4eca\u5e74\u4ee5\u4f86\u6e2f\u80a1\u8868\u73fe\u4eae\u9e97\uff0c\u65b0\u80a1\u5e02\u5834\u8868\u73fe\u4ea6\u6c34\u6f32\u8239\u9ad8\u3002\u7562\u99ac\u5a01\u6628\u65e5\u9810\u671f\uff0c\u4eca\u5e74\u672c\u6e2f\u65b0\u80a1\u4e0a\u5e02\u5b97\u6578\u6599\u9054100\u5b97\uff0c\u6309\u5e74\u534743%\uff1b\u96c6\u8cc7\u984d\u90542,721\u5104\u5143\uff0c\u6309\u5e74\u5927\u5347210%\uff0c\u96c6\u8cc7\u984d\u5168\u7403\u6392\u540d\u81ea2019\u5e74\u5f8c\u518d\u5ea6\u767b\u4e0a\u9996\u4f4d\u3002\u8a72\u884c\u6307\u51fa\uff0c\u96a8\u7740\u5167\u5730\u6301\u7e8c\u63a8\u52d5\u79d1\u6280\u5275\u65b0\u8207\u65b0\u7d93\u6fdf\u9818\u57df\u7684\u767c\u5c55\uff0c\u6599\u660e\u5e74\u5c07\u6709\u4e0d\u5c11\u5167\u5730\u9ad8\u79d1\u6280\u4f01\u696d\u8d74\u6e2f\u4e0a\u5e02\uff0c\u660e\u5e74\u9999\u6e2f\u65b0\u80a1\u4e0a\u5e02\u5b97\u6578\u5c07\u9054180\u5b97\u81f3200\u5b97\uff0c\u5168\u5e74IPO\u96c6\u8cc7\u984d\u6709\u671b\u9054\u52303,500\u5104\u5143\uff0c\u9810\u6599\u7a69\u5c45\u5168\u7403\u982d\u4e09\u4f4d\u3002<\/p>\n\n\n\n

\u7562\u99ac\u5a01\u7d71\u8a08\u986f\u793a\uff0c\u9999\u6e2fIPO\u5e02\u5834\u4eca\u5e74\u8868\u73fe\u9818\u5148\u5168\u7403\uff0c\u9810\u671f\u7c4c\u96c62,721\u5104\u5143\uff0c\u4e0a\u5e02\u5b97\u6578\u9054100\u5b97\uff0c\u6309\u5e74\u5206\u5225\u589e\u9577210%\u53ca43%\uff0c\u5275\u4e0b\u81ea2022\u5e74\u4ee5\u4f86\u6700\u5927\u52df\u8cc7\u898f\u6a21\u3002\u6574\u9ad4\u589e\u9577\u4e3b\u8981\u4f86\u81eaA+H\u4e0a\u5e02\u71b1\u6f6e\u7684\u5e36\u52d5\uff0c\u76f8\u95dc\u9805\u76ee\u4f54\u5168\u5e74IPO\u52df\u8cc7\u7e3d\u984d\u4e00\u534a\u3002\u5e74\u5167\u9999\u6e2f\u5b8c\u621017\u5b97A+H\u4e0a\u5e02\uff0c\u70ba\u6b77\u4f86\u6700\u591a\uff0c\u9032\u4e00\u6b65\u5370\u8b49\u9999\u6e2f\u4f5c\u70ba\u9023\u63a5\u5167\u5730\u8207\u570b\u969b\u8cc7\u672c\u5e02\u5834\u6a4b\u6a11\u7684\u7368\u7279\u512a\u52e2\u3002<\/p>\n\n\n\n

\"\"\/<\/a>
\u5be7\u5fb7\u6642\u4ee35\u6708\u5728\u6e2f\u4e0a\u5e02\uff0c\u6210\u70ba\u4eca\u5e74\u5168\u7403\u6700\u5927\u5b97\u4e0a\u5e02\u500b\u6848\u3002\uff08\u8cc7\u6599\u5716\u7247\uff09<\/figcaption><\/figure>\n\n\n\n

18A\u4e0a\u5e02\u4f01\u696d\u6578\u76ee\u589e\u903e2\u500d<\/strong><\/p>\n\n\n\n

\u671f\u5167\uff0c\u9999\u6e2f\u4ea6\u5b8c\u621014\u5b97\u672a\u76c8\u5229\u751f\u7269\u79d1\u6280\u516c\u53f8\uff08\u7b2c18A\u7ae0\uff09\u4e0a\u5e02\uff0c\u8f032024\u5e74\u76844\u5b97\u5927\u5e45\u589e\u52a0\uff1b\u53e6\u67093\u5b97\u7279\u5c08\u79d1\u6280\u516c\u53f8\uff08\u7b2c18C\u7ae0\uff09\u4e0a\u5e02\uff0c\u8207\u53bb\u5e74\u6301\u5e73\u3002\u4eca\u5e74\u63a8\u51fa\u7684\u300c\u79d1\u4f01\u5c08\u7dda\u300d\u4ee5\u53ca\u958b\u59cb\u5141\u8a31\u7b2c18A\u7ae0\u53ca\u7b2c18C\u7ae0\u76f8\u95dc\u516c\u53f8\u4ee5\u4fdd\u5bc6\u5f62\u5f0f\u63d0\u4ea4\u4e0a\u5e02\u7533\u8acb\uff0c\u5927\u5927\u7c21\u5316\u548c\u512a\u5316\u4e0a\u5e02\u6d41\u7a0b\uff0c\u5145\u5206\u5f70\u986f\u9999\u6e2f\u81f4\u529b\u978f\u56fa\u81ea\u8eab\u4f5c\u70ba\u5168\u7403\u9802\u5c16\u4e0a\u5e02\u5e73\u53f0\u7684\u6c7a\u5fc3\u3002<\/p>\n\n\n\n

316\u4f01\u696d\u6392\u968a\u4e0a\u5e02\u5275\u65b0\u9ad8<\/strong><\/p>\n\n\n\n

\u6b64\u5916\uff0c\u7562\u99ac\u5a01\u8868\u793a\uff0c\u622a\u81f3\u4eca\u5e7412\u67087\u65e5\uff0c\u9999\u6e2fIPO\u5e02\u5834\u9304\u5f97316\u5b97\u4e0a\u5e02\u7533\u8acb\u7684\u6b77\u53f2\u9ad8\u4f4d\uff0c\u8f032024\u5e74\u5e95\u6fc0\u589e267%\uff0c\u7576\u4e2d92\u5b97\u70baA+H\u4e0a\u5e02\u7533\u8acb\u3002\u5982\u679c\u8a08\u53ca\u5df2\u516c\u958b\u8868\u793a\u6709\u610f\u4f86\u6e2f\u4e0a\u5e02\u7684A\u80a1\u4f01\u696d\uff0cA+H\u4e0a\u5e02\u7533\u8acb\u9810\u8a08\u5c07\u65bc\u77ed\u671f\u5167\u7a81\u7834100\u5b97\uff0c\u70ba2026\u5e74\u5e36\u4f86\u826f\u597d\u958b\u5c40\u3002<\/p>\n\n\n\n

\u9ad8\u79d1\u6280\u516c\u53f8\u4e0a\u5e02\u6210\u660e\u5e74\u4eae\u9ede<\/strong><\/p>\n\n\n\n

\u7562\u99ac\u5a01\u4e2d\u570b\u9999\u6e2f\u8cc7\u672c\u5e02\u5834\u7d44\u4e3b\u7ba1\u5408\u5925\u4eba\u5289\u5927\u660c\u8868\u793a\uff0c\u9999\u6e2f\u91cd\u767b\u5168\u7403IPO\u5e02\u5834\u699c\u9996\uff0c\u5145\u5206\u5c55\u73fe\u5176\u8cc7\u672c\u5e02\u5834\u7684\u97cc\u6027\u548c\u570b\u969b\u91d1\u878d\u4e2d\u5fc3\u7684\u5730\u4f4d\u3002\u6108\u4f86\u6108\u591a\u9ad8\u79d1\u6280\u53ca\u751f\u7269\u79d1\u6280\u4f01\u696d\u9078\u64c7\u4f86\u6e2f\u4e0a\u5e02\uff0c\u51f8\u986f\u51fa\u672c\u5730\u652f\u6301\u653f\u7b56\u53ca\u5065\u5168\u76e3\u7ba1\u74b0\u5883\u7684\u5438\u5f15\u529b\u3002\u540c\u6642\uff0c\u5916\u8cc7\u53c3\u8207\u5ea6\u6301\u7e8c\u63d0\u5347\uff0c\u9032\u4e00\u6b65\u5f70\u986f\u9999\u6e2f\u4f5c\u70ba\u5167\u5730\u8cc7\u7522\u53ca\u9ad8\u79d1\u6280\u6295\u8cc7\u9580\u6236\u7684\u512a\u52e2\u3002\u96a8\u7740\u653f\u7b56\u6301\u7e8c\u63a8\u52d5\u5275\u65b0\u53ca\u65b0\u7d93\u6fdf\u9818\u57df\u7684\u767c\u5c55\uff0c\u9664A+H\u4e0a\u5e02\u7684\u6301\u7e8c\u52e2\u982d\u5916\uff0c\u9810\u671f2026\u5e74\u4e5f\u5c07\u662f\u9ad8\u79d1\u6280\u4e0a\u5e02\u7684\u95dc\u9375\u4e00\u5e74\uff0c\u9032\u4e00\u6b65\u978f\u56fa\u9999\u6e2f\u4f5c\u70ba\u74b0\u7403\u8cc7\u672c\u5e02\u5834\u9818\u5c0e\u8005\u7684\u5730\u4f4d\u3002<\/p>\n\n\n\n

\u7562\u99ac\u5a01\u6307\u51fa\uff0c\u9999\u6e2f\u6b63\u7a4d\u6975\u7814\u7a76\u4fee\u8a02\u540c\u80a1\u4e0d\u540c\u6b0a\u516c\u53f8\u7684\u4e0a\u5e02\u8cc7\u683c\u8981\u6c42\uff0c\u64ec\u8b70\u7684\u512a\u5316\u63aa\u65bd\u5305\u62ec\u4e0b\u8abf\u5e02\u503c\u9580\u6abb\u3001\u4fee\u8a02\u5275\u65b0\u7522\u696d\u516c\u53f8\u5b9a\u7fa9\uff0c\u4ee5\u53ca\u8abf\u6574\u6295\u7968\u6b0a\u7684\u6b0a\u529b\u9650\u5236\uff0c\u76f8\u95dc\u4fee\u8a02\u65e8\u5728\u4f7f\u66f4\u591a\u516c\u53f8\u80fd\u5920\u6709\u6548\u904b\u7528\u8a72\u5236\u5ea6\uff0c\u540c\u6642\u70ba\u5275\u8fa6\u4eba\u63d0\u4f9b\u66f4\u5927\u7684\u9748\u6d3b\u6027\u3002\u7562\u99ac\u5a01\u8a8d\u70ba\uff0c\u76f8\u95dc\u4fee\u8a02\u7576\u4e2d\u7684\u95dc\u9375\uff0c\u5728\u65bc\u5982\u4f55\u70ba\u6f5b\u5728\u767c\u884c\u4eba\u63d0\u4f9b\u5f48\u6027\u7684\u540c\u6642\uff0c\u6709\u6548\u4fdd\u969c\u6295\u8cc7\u8005\u6b0a\u76ca\uff0c\u5728\u5169\u8005\u4e4b\u9593\u53d6\u5f97\u9069\u7576\u5e73\u8861\u3002<\/p>\n\n\n\n

\"\"\/<\/a><\/figure>\n\n\n\n

\u6e2fIPO\u984d\u589e2\u500d \u5e36\u52d5\u5168\u7403\u96c6\u8cc7\u5347<\/strong><\/p>\n\n\n\n

\u7562\u99ac\u5a01\u6628\u65e5\u767c\u5e03\u7684\u7d71\u8a08\u986f\u793a\uff0c\u4eca\u5e74\u5168\u7403IPO\u5e02\u5834\u5171\u7c4c\u96c61,584\u5104\u7f8e\u5143\uff0c\u4e0a\u5e02\u5b97\u6578\u90541,227\u5b97\uff0c\u52df\u8cc7\u898f\u6a21\u548c\u4e0a\u5e02\u5b97\u6578\u5206\u5225\u6309\u5e74\u589e\u957718%\u53ca\u4e0b\u964d4%\u3002\u9999\u6e2f\u4f4d\u5c45\u5168\u7403\u7b2c\u4e00\uff0c\u7f8e\u570b\u5169\u5927\u8b49\u5238\u4ea4\u6613\u6240\u4f4d\u5217\u7b2c\u4e8c\u53ca\u7b2c\u4e09\uff0c\u5370\u5ea6\u570b\u5bb6\u8b49\u5238\u4ea4\u6613\u6240\u53ca\u4e0a\u4ea4\u6240\u5247\u6392\u540d\u7b2c\u56db\u53ca\u7b2c\u4e94\u3002<\/p>\n\n\n\n

\u660e\u5e74\u770b\u597dAI\u76f8\u95dc\u4f01\u696d\u4e0a\u5e02<\/strong><\/p>\n\n\n\n

\u7562\u99ac\u5a01\u4e2d\u570b\u8cc7\u672c\u5e02\u5834\u53ca\u57f7\u696d\u6280\u8853\u4e3b\u7ba1\u5408\u5925\u4eba\u5289\u570b\u8ce2\u8868\u793a\uff0c\u4eca\u5e74\u5168\u7403\u4e3b\u8981IPO\u5e02\u5834\u5448\u4e0a\u5347\u8da8\u52e2\uff0c\u5176\u4e2d\u9999\u6e2f\u7684\u52df\u8cc7\u984d\uff082,721\u5104\u5143\uff09\u8f03\u53bb\u5e74\u7684880\u5104\u5143\u589e\u52a0\u7d04210%\uff0c\u6210\u70ba\u63a8\u52d5\u5168\u7403IPO\u5e02\u5834\u5fa9\u7526\u7684\u6700\u5927\u55ae\u4e00\u8ca2\u737b\u8005\uff0c\u9032\u4e00\u6b65\u978f\u56fa\u4f5c\u70ba\u570b\u969b\u91d1\u878d\u4e2d\u5fc3\u7684\u9818\u5148\u5730\u4f4d\u3002\u53d7\u60e0\u65bc\u5e02\u5834\u6c23\u6c1b\u6539\u5584\u4ee5\u53ca\u5927\u91cf\u6f5b\u5728\u7684\u65b0\u80a1\u9805\u76ee\uff0c\u9810\u671f\u6b64\u4e0a\u5347\u8da8\u52e2\u5c07\u5ef6\u7e8c\u81f32026\u5e74\u3002\u5c24\u5176\u662f\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u6280\u8853\uff0c\u96a8\u7740\u5176\u65e5\u8da8\u6210\u719f\u4e26\u5728\u5404\u884c\u696d\u4e2d\u66f4\u5ee3\u6cdb\u63a1\u7528\uff0c\u76f8\u95dc\u4f01\u696d\u7684\u4e0a\u5e02\u6b65\u4f10\u6599\u5c07\u52a0\u5feb\u3002<\/p>\n\n\n\n

\u7d71\u8a08\u986f\u793a\uff0cA\u80a1\u5e02\u5834\u6301\u7e8c\u7a69\u5065\u767c\u5c55\uff0c\u5168\u5e74\u9810\u8a08\u5171\u6709130\u5b97\u65b0\u80a1\u4e0a\u5e02\uff0c\u5408\u5171\u52df\u8cc7\u4eba\u6c11\u5e631,637\u5104\u5143\uff1b\u8207\u53bb\u5e74\u76f8\u6bd4\uff0c\u52df\u8cc7\u7e3d\u984d\u589e\u957723%\uff0c\u4e0a\u5e02\u5b97\u6578\u6301\u5e73\u3002\u5e74\u5167\u5171\u670920\u96bb\u623f\u5730\u7522\u6295\u8cc7\u4fe1\u8a17\u57fa\u91d1\uff08REITs\uff09\u4e0a\u5e02\uff0c\u5408\u5171\u52df\u8cc7\u4eba\u6c11\u5e63410\u5104\u5143\uff0c\u4f542025\u5e74A\u80a1\u52df\u8cc7\u7e3d\u984d\u768425%\uff0c\u7e7c\u7e8c\u6210\u70baA\u80a1\u5e02\u5834\u7684\u4e3b\u8981\u63a8\u52d5\u529b\u3002<\/p>\n\n\n\n

\u4eca\u5e74\uff0c\u4e0a\u4ea4\u6240\u79d1\u5275\u677f\u9032\u884c\u6df1\u5316\u6539\u9769\uff0c\u5305\u62ec7\u6708\u8a2d\u7f6e\u79d1\u5275\u677f\u79d1\u5275\u6210\u9577\u5c64\u3002\u81ea\u63a8\u51fa\u4ee5\u4f86\uff0c\u5df2\u67093\u5bb6\u672a\u76c8\u5229\u4f01\u696d\u5728\u79d1\u5275\u6210\u9577\u5c64\u4e0a\u5e02\uff0c\u4e3b\u8981\u4f86\u81ea\u534a\u5c0e\u9ad4\u53ca\u751f\u7269\u79d1\u6280\u9818\u57df\u3002\u76f8\u95dc\u6539\u9769\u65e8\u5728\u5354\u52a9\u65e9\u671f\u512a\u8cea\u4f01\u696d\u66f4\u6709\u6548\u5730\u904b\u7528\u8cc7\u672c\uff0c\u52a0\u901f\u6280\u8853\u5546\u696d\u5316\u9032\u7a0b\uff0c\u4e26\u63d0\u5347\u6574\u9ad4\u7522\u696d\u80fd\u529b\u3002<\/p>\n\n\n\n

A\u80a1\u6599\u4fdd\u9577\u9060\u9ad8\u8cea\u91cf\u589e\u9577<\/strong><\/p>\n\n\n\n

\u7562\u99ac\u5a01\u4e2d\u570b\u9999\u6e2f\u7279\u5225\u884c\u653f\u5340\u65b0\u7d93\u6fdf\u5e02\u5834\u53ca\u751f\u547d\u79d1\u5b78\u4e3b\u7ba1\u5408\u5925\u4eba\u6731\u96c5\u5100\u8868\u793a\uff0c\u4eca\u5e74A\u80a1IPO\u5e02\u5834\u9304\u5f97\u7a69\u5065\u589e\u9577\uff0c\u9032\u5165\u300c\u5341\u4e94\u4e94\u300d\u898f\u5283\u968e\u6bb5\uff0c\u4e2d\u570b\u8cc7\u672c\u5e02\u5834\u7684\u6df1\u5316\u6539\u9769\uff0c\u91cd\u9ede\u662f\u5728\u65bc\u63d0\u9ad8\u5305\u5bb9\u6027\u53ca\u5065\u5168\u6295\u8cc7\u548c\u878d\u8cc7\u76f8\u5354\u8abf\u3002\u96a8\u7740\u76f8\u95dc\u6230\u7565\u91cd\u9ede\u9010\u6b65\u5be6\u65bd\uff0c\u9810\u671f\u76e3\u7ba1\u6a5f\u69cb\u5c07\u6301\u7e8c\u52a0\u5927\u529b\u5ea6\uff0c\u63a8\u52d5A\u80a1\u5e02\u5834\u4fdd\u6301\u7a69\u5065\u800c\u9ad8\u8cea\u91cf\u7684\u589e\u9577\uff0c\u70ba\u9577\u9060\u767c\u5c55\u5960\u5b9a\u5805\u5be6\u57fa\u790e\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u4eca\u5e74\u4ee5\u4f86\u6e2f\u80a1\u8868\u73fe\u4eae\u9e97\uff0c\u65b0\u80a1\u5e02\u5834\u8868\u73fe\u4ea6\u6c34\u6f32\u8239\u9ad8\u3002\u7562\u99ac\u5a01\u6628\u65e5\u9810\u671f\uff0c\u4eca\u5e74\u672c\u6e2f\u65b0\u80a1\u4e0a\u5e02\u5b97\u6578\u6599\u9054100\u5b97\uff0c\u6309\u5e74\u534743%\uff1b\u96c6\u8cc7\u984d\u90542,721\u5104\u5143\uff0c\u6309\u5e74\u5927\u5347210%\uff0c\u96c6\u8cc7\u984d\u5168\u7403\u6392\u540d\u81ea2019\u5e74\u5f8c\u518d\u5ea6\u767b\u4e0a\u9996\u4f4d\u3002\u8a72\u884c\u6307…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-97580","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.chinesepress.com\/pre\/wp-json\/wp\/v2\/posts\/97580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinesepress.com\/pre\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinesepress.com\/pre\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinesepress.com\/pre\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinesepress.com\/pre\/wp-json\/wp\/v2\/comments?post=97580"}],"version-history":[{"count":1,"href":"https:\/\/www.chinesepress.com\/pre\/wp-json\/wp\/v2\/posts\/97580\/revisions"}],"predecessor-version":[{"id":97581,"href":"https:\/\/www.chinesepress.com\/pre\/wp-json\/wp\/v2\/posts\/97580\/revisions\/97581"}],"wp:attachment":[{"href":"https:\/\/www.chinesepress.com\/pre\/wp-json\/wp\/v2\/media?parent=97580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinesepress.com\/pre\/wp-json\/wp\/v2\/categories?post=97580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinesepress.com\/pre\/wp-json\/wp\/v2\/tags?post=97580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}