鐠�(hu谩n)鐞冪恫(w菐ng)鏍�2021骞翠腑绱氱稉(j墨ng)婵�(j矛)甯瘡鏃ヤ竴绶�(9鏈�18鏃�)

鍏叡绉戠洰

鐠�(hu谩n)鐞冪恫(w菐ng)鏍�2021骞翠腑绱氱稉(j墨ng)婵�(j矛)甯€婄稉(j墨ng)婵�(j矛)鍩虹(ch菙)銆嬫瘡鏃ヤ竴绶村強绛旀(9鏈�18鏃�)

銆愬閬搁銆�

1.鍟嗘キ(y猫)閵€琛屽湪杈︾悊澧冨鐩存帴鎶曡硣浜烘皯骞ｇ祼(ji茅)绠楁キ(y猫)鍕�(w霉)鏅傛噳(y墨ng)灞ヨ鐨勭京鍕�(w霉)鍖呮嫭( )銆�

A.鍤�(y谩n)鏍奸€�(j矛n)琛屼氦鏄撶湡瀵�(sh铆)鎬у拰鍚堣(gu墨)鎬у鏌�

B.鎸夌収瑕�(gu墨)瀹氬牨閫佷俊鎭�

C.灞ヨ鍙嶆礂閷㈢京鍕�(w霉)

D.鍤�(y谩n)鏍奸伒寰�“浜嬪墠绠＄悊”鐨勫師鍓囬€�(j矛n)琛屽鏌�

E.灞ヨ鍙嶆亹铻嶈硣缇╁嫏(w霉)

銆愮瓟妗堛€慉BCE

銆愯В鏋愩€戞湰椤岃€冩煡浜烘皯骞ｈ法澧冧娇鐢�銆傚晢妤�(y猫)閵€琛屽湪杈︾悊澧冨鐩存帴鎶曡硣浜烘皯骞ｇ祼(ji茅)绠楁キ(y猫)鍕�(w霉)鏅傛噳(y墨ng)灞ヨ涓嬪垪缇╁嫏(w霉)锛�

鈶犲毚(y谩n)鏍奸€�(j矛n)琛屼氦鏄撶湡瀵�(sh铆)鎬у拰鍚堣(gu墨)鎬у鏌�;

鈶℃寜鐓ц(gu墨)瀹氬牨閫佷俊鎭�;

鈶㈠饱琛屽弽娲楅將缇╁嫏(w霉);

鈶ｅ饱琛屽弽鎭愯瀺璩囩京鍕�(w霉)銆傞伕闋�(xi脿ng)D閷銆傛寜鐓�“浜嬪悗绠＄悊”鐨勫師鍓�锛屽悇鍟嗘キ(y猫)閵€琛屼富瑕佷緷鎿�(j霉)浼佹キ(y猫)鎻愪緵鐨勫澶栫洿鎺ユ姇璩囦富绠￠儴闁€鐨勬牳婧�(zh菙n)璀夋浉鎴栨枃浠剁瓑鏉愭枡杈︾悊鐩存帴鎶曡硣浜烘皯骞ｇ祼(ji茅)绠楁キ(y猫)鍕�(w霉)銆�

2.涓栫晫閵€琛岀殑璩囬噾渚嗘簮鍖呮嫭( )銆�

A.閵€琛岃偂浠�

B.鍊熸

C.杞�(zhu菐n)璁撳偟娆�(qu谩n)

D.妤�(y猫)鍕�(w霉)鍑堟敹鐩�

E.鎴愬摗鍦嬬钩绱嶇殑浠介

銆愮瓟妗堛€慉BCD

銆愯В鏋愩€戜笘鐣岄妧琛岃硣閲戠殑渚嗘簮涓昏鍖呮嫭锛�

鈶犻妧琛岃偂浠斤細鍗虫垚鍝″湅瑾�(r猫n)绻崇殑涓€瀹氭暩(sh霉)椤嶇殑閵€琛岃偂浠�;

鈶″€熸銆備竴鏄洿鎺ュ悜鎴愬摗鍦嬫斂搴溿€佹斂搴滄(j墨)妲�(g貌u)鎴栧肪澶妧琛岀櫦(f膩)琛屼腑鐭湡鍌靛埜锛屼簩鏄湪鍦嬮殯璩囨湰甯傚牬涓婄洿鎺ョ櫦(f膩)琛屼腑闀锋湡鍌靛埜;

鈶㈣綁(zhu菐n)璁撳偟娆�(qu谩n)銆傚皣璨稿嚭娆鹃爡(xi脿ng)鐨勫偟娆�(qu谩n)杞�(zhu菐n)璁撶郸鍟嗘キ(y猫)閵€琛岀瓑绉佷汉鎶曡硣鑰咃紝鏀跺洖涓€閮ㄥ垎璩囬噾锛屼互鎻愰珮閵€琛岃哺娆捐硣閲戠殑鍛ㄨ綁(zhu菐n)鑳藉姏;

鈶ｆキ(y猫)鍕�(w霉)鍑堟敹鐩�銆備笘鐣岄妧琛屾骞翠締鐨勬キ(y猫)鍕�(w霉)鍑堟敹鐩婁笉鍒嗛厤绲﹁偂鏉�锛岄兘鐣欎綔婧�(zh菙n)鍌欓噾锛屼綔鐐洪妧琛岀殑涓€鍊嬭硣閲戜締婧�銆�

3.鏅煡鐨勭壒榛�(di菐n)鏈�( )銆�

A.闇€瑕佽€楄不(f猫i)澶ч噺鐨勪汉鍔�銆佺墿鍔涘拰璨″姏

B.鍛ㄦ湡鎬х殑鏅澇閫氬父闇€瑕侀枔闅旇純闀锋檪闁�

C.瑕�(gu墨)鑼冨寲绋嬪害杓冮珮

D.浣跨敤鑼冨湇杓冨唬锛岄仼鐢ㄤ簬鍚勫€嬮牁(l菒ng)鍩�

E.涓€鑸渶瑕佽(gu墨)瀹氱当(t菕ng)涓€鐨勬(bi膩o)婧�(zh菙n)瑾�(di脿o)鏌ユ檪闁�

銆愮瓟妗堛€慉BCE

銆愯В鏋愩€戞湰椤岃€冩煡绲�(t菕ng)瑷堣(di脿o)鏌ョ殑鏂瑰紡銆傛櫘鏌ョ殑鐗归粸(di菐n)锛�

鈶犳櫘鏌ラ€氬父鏄竴娆℃€х殑鎴栧懆鏈熸€х殑锛岀敱浜庢櫘鏌ユ秹鍙婇潰寤�锛岃(di脿o)鏌ュ柈浣嶅锛岄渶瑕佽€楄不(f猫i)澶ч噺鐨勪汉鍔�銆佺墿鍔涘拰璨″嫏(w霉)锛岄€氬父闇€瑕侀枔闅旇純闀风殑鏅傞枔;

鈶℃櫘鏌ヤ竴鑸渶瑕佽(gu墨)瀹氱当(t菕ng)涓€鐨勬(bi膩o)婧�(zh菙n)瑾�(di脿o)鏌ユ檪闁�锛屼互閬垮厤瑾�(di脿o)鏌ユ暩(sh霉)鎿�(j霉)鐨勯噸寰�(f霉)鎴栭伜婕忥紝淇濊瓑鏅煡绲�(ji茅)鏋滅殑婧�(zh菙n)纰烘€�;

鈶㈡櫘鏌ョ殑鏁�(sh霉)鎿�(j霉)涓€鑸瘮杓冩簴(zh菙n)纰�锛岃(gu墨)鑼冨寲绋嬪害涔熸瘮杓冮珮锛屽洜姝ゅ畠鍙互鐐烘娊妯ｈ(di脿o)鏌ユ垨鍏朵粬瑾�(di脿o)鏌ユ彁渚涘熀鏈緷鎿�(j霉);

鈶ｆ櫘鏌ョ殑浣跨敤鑼冨湇姣旇純绐�锛屽彧鑳借(di脿o)鏌ヤ竴浜涙渶鍩烘湰鍙婄壒瀹氱殑鐝�(xi脿n)璞°€�

鐠�(hu谩n)鐞冪恫(w菐ng)鏍�2021骞翠腑绱氱稉(j墨ng)婵�(j矛)甯瘡鏃ヤ竴绶村強绛旀鍏嶈不(f猫i)涓嬭級

鐠�(hu谩n)鐞冪恫(w菐ng)鏍�2021骞翠腑绱氱稉(j墨ng)婵�(j矛)甯瘡鏃ヤ竴绶�(9鏈�18鏃�)

灏堟キ(y猫)绉戠洰

鐠�(hu谩n)鐞冪恫(w菐ng)鏍�2021骞翠腑绱氱稉(j墨ng)婵�(j矛)甯€婁汉鍔涜硣婧愩€嬫瘡鏃ヤ竴绶村強绛旀(9鏈�18鏃�)

銆愬柈閬搁銆�

1銆佸熀鏈柂閰墍鍗犳瘮渚嬬浉灏嶈純浣�锛屼竴浜涗紒妤�(y猫)閭勫槜瑭﹀(sh铆)鏂藉摗宸ヨ偂浠芥墍鏈夋瑠(qu谩n)瑷堝妰锛屼互榧撳嫷鍝″伐鍏辨摂(d膩n)棰�(f膿ng)闅�锛岃垏涔嬬浉灏嶆噳(y墨ng)鐨勬埌(zh脿n)鐣ユ槸( )銆�

A.鎴愰暦鎴�(zh脿n)鐣�

B.绌�(w臎n)瀹氭埌(zh脿n)鐣�

C.闆嗕腑鎴�(zh脿n)鐣�

D.鏀剁府鎴�(zh脿n)鐣�

銆愮瓟妗堛€慏

銆愯В鏋愩€戞湰椤岃€冩煡閬╃敤浜庝紒妤�(y猫)涓嶅悓鐧�(f膩)灞曟埌(zh脿n)鐣ヤ笅鐨勮柂閰鐞�銆傛敹绺埌(zh脿n)鐣ユ垨绮剧啊鎴�(zh脿n)鐣ワ紝鍏惰柂閰鐞嗙殑鎸囧皫(d菐o)鎬濇兂灏辨槸瑕佸皣浼佹キ(y猫)鐨勭稉(j墨ng)鐕熸キ(y猫)绺捐垏鍝″伐鏀朵汉鎺涢墹锛屽洜姝�锛屽湪钖叕绲�(ji茅)妲�(g貌u)涓婂熀鏈柂閰墍鍗犵殑姣斾緥鐩稿皪杓冧綆锛屼竴浜涗紒妤�(y猫)閭勫槜瑭﹀(sh铆)鏂藉摗宸ヨ偂浠芥墍鏈夋瑠(qu谩n)瑷堝妰锛屼互榧撳嫷鍝″伐鍏辨摂(d膩n)棰�(f膿ng)闅�銆�

銆愬閬搁銆�

2銆侀棞(gu膩n)浜庣妇鏁堝弽楗嬮潰璜囨妧宸х殑瑾硶锛屾纰虹殑鏄�( )銆�

A.鎳�(y墨ng)瑭查伕鎿囧畨闈�銆佽紩鏉剧殑鏈冨寤�

B.闈㈣珖涓繉璜变富绠′汉鍝″枊鍠嬩笉浼�锛屾墦鏂峰摗宸ョ殑璜囪┍

C.鎳�(y墨ng)瑭蹭互绌嶆サ鐨勬柟寮忕祼(ji茅)鏉熷皪瑭�

D.鍙互鍦ㄤ笂涓嬬彮鐨勬檪娈甸€�(j矛n)琛�

E.榧撳嫷鍝″伐澶氳伣灏戣

銆愮瓟妗堛€慉BC

銆愯В鏋愩€戞湰椤岃€冩煡鐨勬槸绺炬晥鍙嶉闈㈣珖鐨勬妧宸�?锛熷唭啸绛斾紥鍕熻鐮傤弸銆瀝闁撳牬鎵€鐨勯伕鎿�銆佽獚(r猫n)鐪熷偩鑱姐€侀紦鍕靛摗宸ュ瑾┍鍜屼互绌嶆サ鐨勬柟寮忕祼(ji茅)鏉熷皪瑭�銆傞伕闋�(xi脿ng)D鍜岄伕闋�(xi脿ng)E閬曡儗浜嗙浉闂�(gu膩n)鎶€宸�锛屾槸閷鐨�銆�

3銆佺煡璀樺瀷鍦�(tu谩n)闅�(du矛)鐨勭妇鏁堣€冩牳鍙稖鍚�( )绛夎搴︾殑鎸囨(bi膩o)渚嗛€�(j矛n)琛屻€�

A.鏁堢泭鍨嬫寚妯�(bi膩o)

B.鍚堜綔鍨嬫寚妯�(bi膩o)

C.閬炲欢鍨嬫寚妯�(bi膩o)

D.棰�(f膿ng)闅瀷鎸囨(bi膩o)

E.鏁堢巼鍨嬫寚妯�(bi膩o)

銆愮瓟妗堛€慉CDE

銆愯В鏋愩€戞湰椤岃€冩煡鐨勬槸鐭ヨ瓨鍨嬪湗(tu谩n)闅�(du矛)鑰冩牳鐨勫洓鍊嬭搴�銆傜煡璀樺瀷鍦�(tu谩n)闅�(du矛)鍙互寰炴晥鐩婂瀷鎸囨(bi膩o)銆佹晥鐜囧瀷鎸囨(bi膩o)銆侀仦寤跺瀷鎸囨(bi膩o)鍜岄ⅷ(f膿ng)闅瀷鎸囨(bi膩o)鍥涘€嬫柟闈㈤€�(j矛n)琛岃⿻鍍�銆�

鐠�(hu谩n)鐞冪恫(w菐ng)鏍�2021骞翠腑绱氱稉(j墨ng)婵�(j矛)甯€婂伐鍟嗙鐞嗐€嬫瘡鏃ヤ竴绶村強绛旀(9鏈�18鏃�)

1銆愪緥椤岋細澶氶爡(xi脿ng)閬告搰椤屻€戝钩琛¤▓鍒嗗崱灏囩祫绻旂殑鎴�(zh脿n)鐣ヨ惤瀵�(sh铆)鐐哄彲鎿嶄綔鐨勮　閲忔寚妯�(bi膩o)鍜岀洰妯�(bi膩o)鍊硷紝骞宠　瑷堝垎鍗＄殑瑷�(sh猫)瑷堝寘鎷�(銆€)绛夊収(n猫i)瀹�銆�

A.璨″嫏(w霉)灞ら潰

B.椤у灞ら潰

C.鐢熺敘(ch菐n)灞ら潰

D.鍏�(n猫i)閮ㄧ稉(j墨ng)鐕熸祦绋嬪堡闈�

E.瀛�(xu茅)缈�(x铆)鑸囨垚闀峰堡闈�

銆愮瓟妗堛€慉BDE

銆愯В鏋愩€戞湰椤岃€冩煡骞宠　瑷堝垎鍗″寘鍚殑鍏�(n猫i)瀹�锛屾晠ABDE鐐烘纰虹瓟妗�銆�

2銆愪緥椤岋細鍠爡(xi脿ng)閬告搰椤屻€戜紒妤�(y猫)鍦ㄥ埗瀹氭湭渚嗙殑鐧�(f膩)灞曟埌(zh脿n)鐣ユ檪锛屽彲閬告搰鐨勫閮ㄥ畯瑙€鐠�(hu谩n)澧冨垎鏋愭柟娉曟槸(銆€)銆�

A.鍍瑰€奸張鍒嗘瀽娉�

B.PESTEL鍒嗘瀽娉�

C.鏉滈偊鍒嗘瀽娉�

D.娉㈠＋闋撶煩闄ｅ垎鏋愭硶

銆愮瓟妗堛€態

銆愯В鏋愩€慉D灞簬鍏�(n猫i)閮ㄧ挵(hu谩n)澧冪殑鍒嗘瀽杈︽硶;C灞簬鎴�(zh脿n)鐣ユ帶鍒剁殑鏂规硶锛屾晠閬窧銆�

3銆愪緥椤岋細鍠爡(xi脿ng)閬告搰椤屻€戝緸琛屾キ(y猫)鐢熷懡鍛ㄦ湡鍚勯殠娈电殑鐗归粸(di菐n)渚嗙湅锛岃妤�(y猫)鐨勭敘(ch菐n)鍝侀€愭几瀹屽杽锛岃(gu墨)妯′笉鏂锋摯(ku貌)澶�锛屽競鍫磋繀閫熸摯(ku貌)寮碉紝琛屾キ(y猫)鍏�(n猫i)浼佹キ(y猫)鐨勯姺鍞鍜屽埄娼よ繀閫熷闀�锛屽墖瑭茶妤�(y猫)铏曚簬(銆€)銆�

A.褰㈡垚鏈�

B.鎴愰暦鏈�

C.鎴愮啛鏈�

D.琛伴€€鏈�

銆愮瓟妗堛€態

銆愯В鏋愩€戞牴鎿�(j霉)椤岀洰淇℃伅鍙煡锛屽爆浜庢垚闀锋湡鐨勭壒榛�(di菐n)锛孊鐐烘纰虹瓟妗�銆�

鐠�(hu谩n)鐞冪恫(w菐ng)鏍�2021骞翠腑绱氱稉(j墨ng)婵�(j矛)甯€婇噾铻嶃€嬫瘡鏃ヤ竴绶村強绛旀(9鏈�18鏃�)

銆愬柈閬搁銆�

1銆佽硣鏈硣鐢�(ch菐n)瀹氬児妯″瀷(CAPM)涓殑璨濆绯绘暩(sh霉)娓害鐨勬槸(銆€)銆�

A銆佸埄鐜囬ⅷ(f膿ng)闅�

B銆侀€氳波鑶ㄨ劰棰�(f膿ng)闅�

C銆侀潪绯荤当(t菕ng)鎬чⅷ(f膿ng)闅�

D銆佺郴绲�(t菕ng)鎬чⅷ(f膿ng)闅�

銆愮瓟妗堛€� D

銆愯В鏋愩€� 鏈鑰冩煡棰�(f膿ng)闅郴鏁�(sh霉)β鐨勬蹇点€傝硣鐢�(ch菐n)瀹氬児妯″瀷(CAPM)鎻愪緵浜嗘脯搴︿笉鍙秷闄ょ郴绲�(t菕ng)鎬чⅷ(f膿ng)闅殑鎸囨(bi膩o)锛屽嵆棰�(f膿ng)闅郴鏁�(sh霉)β銆�

2銆佸鏋滃競鍫存姇璩囩祫鍚堢殑瀵�(sh铆)闅涙敹鐩婄巼姣旈爯(y霉)鏈熸敹鐩婄巼澶�10%锛屾煇璀夊埜鐨�β鍊肩偤1锛屽墖瑭茶瓑鍒哥殑瀵�(sh铆)闅涙敹鐩婄巼姣旈爯(y霉)鏈熸敹鐩婄巼澶�(銆€)銆�

A銆�85%

B銆�50%

C銆�10%

D銆�5%

銆愮瓟妗堛€� C

銆愯В鏋愩€� 鏈鑰冩煡灏�β鍊肩殑鐞嗚В銆傝瓑鍒竔鐨勫(sh铆)闅涙敹鐩婄巼姣旈爯(y霉)鏈熷ぇβ×Y%=10%×1=10%銆�

3銆佸亣瑷�(sh猫)鏌愬叕鍙歌偂绁ㄧ殑β绯绘暩(sh霉)鐐�1.15锛屽競鍫存姇璩囩祫鍚堢殑鏀剁泭鐜囩偤8%锛岀暥(d膩ng)鍓嶅湅鍌电殑鍒╃巼(鐒￠ⅷ(f膿ng)闅敹鐩婄巼)鐐�3%锛屽墖瑭插叕鍙歌偂绁ㄧ殑闋�(y霉)鏈熸敹鐩婄巼鐐�(銆€)銆�

A銆�8.25%

B銆�8.5%

C銆�8.75%

D銆�9.00%

銆愮瓟妗堛€� C

銆愯В鏋愩€� 鏈鑰冩煡鑲＄エ闋�(y霉)鏈熸敹鐩婄巼鐨勮▓绠�銆�

鑲＄エ闋�(y霉)鏈熸敹鐩婄巼ri=β×(rM-rf)+rf=1.15×(8%-3%)+3%=8.75%銆�

鐠�(hu谩n)鐞冪恫(w菐ng)鏍�2021骞翠腑绱氱稉(j墨ng)婵�(j矛)甯€婅病鏀跨▍鏀躲€嬫瘡鏃ヤ竴绶村強绛旀(9鏈�18鏃�)

1銆愮湡椤岋細2013 骞村柈閬搞€戠磵绋呬汉灏嶅叾鎵€绱嶇殑绋呮鏃笉鍚戝墠杞�(zhu菐n)瀚佷篃涓嶅悜鍚庤綁(zhu菐n)瀚�锛岃€屾槸閫氶亷鏀瑰杽缍�(j墨ng)鐕熺鐞嗘垨鏀归€�(j矛n)鐢熺敘(ch菐n)鎶€琛�(sh霉)绛夋柟娉�锛岃嚜琛屾秷鍖栫▍鏀惰矤(f霉)鎿�(d膩n)鐨勮綁(zhu菐n)瀚佸舰寮忕ū鐐�( )銆�

A.鍓嶈綁(zhu菐n)

B.鍚庤綁(zhu菐n)

C.绋呮敹璩囨湰鍖�

D.娑堣綁(zhu菐n)

銆愮瓟妗堛€慏

銆愯В鏋愩€戞秷杞�(zhu菐n)鎸囩磵绋呬汉灏嶅叾鎵€绱嶇殑绋呮鏃笉鍚戝墠杞�(zhu菐n)瀚佷篃涓嶅悜鍚庤綁(zhu菐n)瀚�锛岃€屾槸閫氶亷鏀瑰杽缍�(j墨ng)鐕熺鐞嗘垨鏀归€�(j矛n)鐢熺敘(ch菐n)鎶€琛�(sh霉)绛夋柟娉�锛岃嚜琛屾秷鍖栫▍鏀惰矤(f霉)鎿�(d膩n)銆�

2銆愪緥椤岋細澶氶伕椤屻€戙€婃斂搴滈噰璩兼硶瀵�(sh铆)鏂芥渚嬨€嬭(gu墨)瀹�锛屽湪鏀垮簻閲囪臣娲诲嫊涓�锛岄噰璩间汉鍝″強鐩搁棞(gu膩n)浜哄摗鑸囦緵鎳�(y墨ng)鍟嗘湁涓嬪垪()鐨勶紝鎳�(y墨ng)鐣�(d膩ng)鍥為伩銆�

A.鍙冨姞閲囪臣娲诲嫊鍓� 3 骞村収(n猫i)鑸囦緵鎳�(y墨ng)鍟嗗瓨鍦ㄥ嫗鍕曢棞(gu膩n)绯�

B.鍙冨姞閲囪臣娲诲嫊鍓� 3 骞村収(n猫i)鎿�(d膩n)浠讳緵鎳�(y墨ng)鍟嗙殑钁ｄ簨

C.鍙冨姞閲囪臣娲诲嫊鍓� 5 骞村収(n猫i)鎿�(d膩n)浠讳緵鎳�(y墨ng)鍟嗙殑鐩�(ji膩n)浜�

D.鍙冨姞閲囪臣娲诲嫊鍓� 3 骞村収(n猫i)鏄緵鎳�(y墨ng)鍟嗙殑鎺ц偂鑲℃澅鎴�?q奴)宥婬鎺у埗浜�

E.鑸囦緵鎳�(y墨ng)鍟嗙殑娉曞畾浠ｈ〃浜烘垨璨�(f霉)璨�(z茅)浜烘湁澶銆佺洿绯昏瑕€佷笁浠ｄ互鍏�(n猫i)鏃佺郴琛€瑕垨杩戝Щ瑕棞(gu膩n)绯�

銆愮瓟妗堛€慉BDE

銆愯В鏋愩€戝弮鍔犻噰璩兼椿鍕曞墠 3 骞村収(n猫i)鎿�(d膩n)浠讳緵鎳�(y墨ng)鍟嗙殑鐩�(ji膩n)浜嬫噳(y墨ng)鐣�(d膩ng)鍥為伩锛孋 閬搁爡(xi脿ng)瑾硶閷銆�

3銆愪緥椤岋細澶氶伕銆戞嫑妯�(bi膩o)閲囪臣鎸夌収鍏枊鐨勭▼搴﹀妰鍒�( )銆�

A.鍠竴渚嗘簮閲囪臣

B.閬告搰鎬ф嫑妯�(bi膩o)閲囪臣

C.绔剁埈鎬ц珖鍒ら噰璩�

D.闄愬埗鎬ф嫑妯�(bi膩o)閲囪臣

E.鍏枊鎷涙(bi膩o)閲囪臣

銆愮瓟妗堛€態DE

銆愯В鏋愩€戞寜鐓ф嫑妯�(bi膩o)閲囪臣鍏枊鐨勭▼搴﹀妰鍒嗭細鍏枊鎷涙(bi膩o)閲囪臣銆侀伕鎿囨€ф嫑妯�(bi膩o)閲囪臣銆侀檺鍒舵€ф嫑妯�(bi膩o)閲囪臣