��вιɰͿ��ȫ��Ͷ��

2008-4-1

��7�µף�Ӣ��Ϳ��й��ҿ��(��)ǩ��ɷ��Ϲ�Э�顣��Э�飬��Ͷ��30��Ԫ�ιɰͿ��У�֧��չ��е��ж��ڰͿ��гֹɱ��ԼΪ3%��Ϳ��ɳ��¡��Ϳ��չ��гɹ��н��80��Ԫ��һ��Ϲ��Ϳ��йɷ��8%��Ӷ��Ϊ��һ��ɶ��

��ҿ��вιɰͿ��ʵΪ�й��ڽ�һ��¡��еĺ��ǽ��ս��ڽ��ҵ�ľ��Ӧ�á��һ��֤��й��ڻ��Խ��г��Ȩ��Բι�ȫ�򶥼��ڻ��Ӧ��ȫ��ԣ��ǿɴ��¼��вιɰͿ��塣

��ǰ�᣺��滥��

��Ϳ��г��1862�꣬��Ӣ��У��ո��ʼ��֮�󡣰Ϳ��Ӣ��Ϊ��ģ��ȫ��Χ�ڴ��Ʊ�ݽ��Ͷ�ʡ��ա��ޡ��Ŵ��Ʋ��Ƚ��ҵ�񡣰Ϳ��ȫ��50��ҿ�չҵ��ӵ��3000��ҷ��У�Ա��12.3��ˡ�

��ڡ��˹��־2007��ȫ��2000��ҵ��а��У��Ϳ��ƾ��2��Ԫ��ʲ��ڸ��ҵ�м��ѳ��ȫ��ʲ�50ǿ��һ��λ�á��Ӣ��мҡ��־2007��ȫ��1000�Ҵ��У��Ϳ��к��ʱ��ȫ��12λ��Ƹ��־2007��ȫ��500ǿ�У��Ϳ��656.09��Ԫ��λ�ӵ�83λ��ȫ��г��Ϳ��ó�ҵ��ʲ��տ��ơ��⣬�Ϳ��ڷ��ޡ��ж��ӡ�ȵ��Ž�ǿ��ҵ��

��Ϊһ��У��ڹ�ȥʮ��ڳ��Ͷ��Ϊ��ӵ�н�Ϊ��г��Դ��ڹ��ʯ�ʹ��ˮ��ˡ��Ϻ��һ��ش��Ŀ��ڻ��ȥ�귢�ŵĴ��У��ú��ռ�ȳ��60%��ŵ�Ĵ��У��·��š��·��ʩ��ʯ��ʯ��Ҫ��ҵռ�ȴ�82%��2006��ף��ʲ��ܶ�ﵽ23��143��Ԫ��ң��0.72%��18��ȶ��2%��ڣ��ʲ��Ϊ�ɹۡ�

����ԣ��г��Ȩ

��Ϳ��ȫ��չս��ͻ��ҵ��һ�Ǵ��Ʒ��ף��Դ��¹��ҵ��ҵ�Լ��ɫ��ҵ�Ĵ�ͻ��ǹ�Ʊ��Ʒ�Ϳ�ת��ծȯ��˾��»��ϯDlamond��Ϊ��ȫ��Χ��ģʽ��д��ʱ��г�ת��ǰͿ��ҵ��Ҫ��ڶ��й��ֻ��Ĺ�˾��롢��ʯ�͵��Ѿ��ȫ�򻯾�Ӫ��Ƶ��ҵ��ǰͿ��з��չ��ҵ��ص㿪��Ŀͻ��⣬�Ϳ��ȫ�򶥼��ʲ��˾��ܹ��Ӵ��й��Ҳ��ʮ�ֿ��ص��г��

��Ϳ��н�Ϊ��ȷ�ķ�չս�Լ��ó�ҵ�񣬷��й��÷�չ��ԡ�ѡ��Ϊս�Ժ��飬��й��ϵ�е��λ��г��⽫��й��й��ҵ��Ϊ��εĳ��ں��ϵ��Ӷ�ʹ��й��г��󵰸⡣

��Ϳ��ϯBob Diamond��ָ��еļ��ǰͿ��е��ս��ͻ��һ��ǿ��к��ܴ��й��г��Ǳ��ʮ��Ҫ��˫��ʲ��Ʒ�г�ҵ�񡢿ͻ��ҵ��㷺�ĺ��ݱ��ͬ�⽫�Ϳ��Ϊ��ȿ��ǵ��ʲ��(��вιɰͿ��ս��ɾ��μ��ķ��)

��ս��ָ��Ӵ��й��г��Ǳ��ҵ�˶�ȫ�򶥼⹫˾�ĸܸˡ��й��ҵӦ��ھ��й��г��ȫ��Χ�ڵ�ͻ��λ��ս�Լ�ֵ��г��Ȩ��Կ��ȫ��вιɰͿ��ٴ�֤��й��г��г��Ȩ��Դ��ںܴ��Ӧ�ÿռ䡣

����棺��ȫ��Ӧ��ȫ��

��ȥ��ʮ��ȫ��ҵ��ַ��̱仯��

��һ��ȫ��Խ��ҵ��ϼ��٣��ڶ�ʵ��ǿ��Ŀ��ڼ��ţ��졢Ӣ��ȡ��ڶ��ͽ��ڼ��֮�佻��ֹɣ��ݺύ��ȫ��г��ȥʮ��䣬ȫ�򾭼��һ��ɷ�չʱ�ڡ��ձ��˥�˵�ʮ��ǡ��˹��͢�ȹ��һ��Ľ��Σ��ٵ�ŷԪ�Ƴ��Ԫ��ծ��ӡ��ֵ��ȫ��Խ��ڷ��ͻ��Ϊ�Կ�ϵͳ�Է��գ��Ҫ��ڻ��һ��ҵ��ϣ��Թ��޹��ƽ��塣

��ۺ϶��ԣ��ȫ��Ӧ��ȫ��ѳ�Ϊ��ڻ��ȫ��Ҫ��ԣ��Ӧ�Ծ�Ӫ��ա��Σ��Ҫ;��һ��ƣ��ڽ��е��й��ϵͳ�ĸ��˸��Ҫ��һ��棬��ڻ��壬�ǵ��֮��һ��棬��ڷ��ƽ�⾺��֣��ǳ��ÿ��ǡ��Դ˱��գ��вιɰͿ��ս�Լ�ֵһĿ��Ȼ��

��о�Ӫ��棺��Ϳ��ǩ��10ҳ��¼��Ҫ��ݰ��Ϳ��з�չ��г��Ʒҵ�񣬲��ṩ��ѵ��չ��ͻ��Ȱ��л��ðͿ��е�ȫ��ļ��˲ţ��ܻ��㷺��ѵ��Ŀ��

��ȫ��г��ط��棺��Ŀǰ��չ��ҵ��Ϳ��Ӧ��ȫ��Ƶ��򡣴��⣬�Ϳ��б鲼ȫ��50��ҡ�3000��ҷ��е��ҵ��г��ؾ��飬��п��ܳ�Ϊ��Ϊ��Ҫ��Դ��

��ڷ��չ��棺�Ϳ��ʲ��տ��ȫ��ḻ��г��Դ��Ͷ��ͽ�ǿ��г��Ϥ��ʵ�ַ��տ��ƵĻ��Щ��ǹ��в��ȫ��֮ǰ��Ұ��

��ս��ǿ��ȫ��Ӧ��ȫ��ľ��ԣ��ȫ�򻯾��Ҫ��ǿ��ǿ��Ӧ��Ϊ�й��ҵ��ȫ�򻯾��Ҫ˼ά��ȫ��Χ��ϸ��ԴΪ��á�

��ı��п��ͨ��ι�ȫ�򶥼��ڻ��ˮƽ�뾺��ڷ��ա��ʵʩ�ιɻ򲢹��Է��棬�й��Ӵ��㴢��Ϊ��ṩ�˿��ܡ�2006��й��ձ��Ϊȫ��һ��㴢��㴢��Ѵ�1.3��Ԫ��һֱ��й��߶��㴢��ҪͶ��ծ��ϵ��뵥һ��Ͷ�ʽṹ��й��úá��ܺ��㡣��Ҳ��ֵѹ��£��㴢��Ļ��ɱ�Խ��Խ�ߡ��Ͷ�ʽǶȿ��й��Ͷ�ʽṹ��Ҫ��רҵ��Ԫ��ս�Ի��ع��ƽ��ս��Թ��ǰ��Ͷ�ʹ�˾�ιɺ�ʯ��Ƕ�Ԫ��һ��ʼ�ͳ��ԡ��ܵ��Թ��Ͷ�ʹ�˾Ϊ��Ͷ�ʻ��Ҫ��һ�ִ��Ľ��Ͷ��Ϊ��ԣ��Ҫ��ʲ��ķ�ʽ��Ͷ�ʵ�ս�Լ�ֵ��

��Ŀ�꣺��ң��

��˴ξ��У��Ϳ��С��Լ��塣�¼��µ��عɹ�˾��һ��ɼ��ֹɹ�ϵ��л��δ��һ��ʱ��ڣ��Ϳ��С��С��м�Ǳ�ڵĺ��γɽ�Ϊ��ܵ�ս��ϵ��

��⣬��Ϊȫ��һ��Ͷ�ʻ��Ϳ��Ŀǰ��л��ع�(HSBC Holdings)4.5%��Ȩ��Ҳ�ǵ¹��ŵȿ��˾�Ļ��Ͷ��ߡ��ЩͶ�ʶ��Ҳ��δ��Ϊ��Ҫ��ȫ��ͻ��ҵ��顣

��ս��ָ��ȫ��Ӧ��ȫ��ľ��˼ά��ιɲ��й��ҵ�붥��˾�޽᳤��湲ͬ�壬��γ��ҡ��ȫ��֡�һ��棬��ڱ��ҵ��ȫ��г��ȡ�ýϸ�Ͷ��档��һ��棬��ڽ��й��в��Ӱ�죬Ϊ�й��÷�չ��õ��ⲿ��ͬʱ��ڲιɻ򽻲�ֹ��Ժ󣬶��˾�Ÿ��п��ܡ��ж��ͳ��ҵ��߹��ˮƽ��

��޽��ҡ��ȫ��֣�Ҫ��й��ҵ�߱��Ϊ��ս��ػ��ιɶ��˾��ԣ�Ҫ��й��ҵ��ȫ��г��͵�ʶ��Դ��˾��ƽ��ƽ��ȫ��г��

��ƽ�⣺ʵ�ֽ��ڰ�ȫ��˼ά

��񣬽��ڰ�ȫ�ѳ�Ϊ��뾭��ȫ�򻯹��У��ص�˼��⡣��ʵ�ϣ�ȫ��Χ�ڵ�ҵ�Ѵ��ڵĽ��ڷ��ṹ�Ե��߱��Ľ��ڰ�ȫ�ͷ��޽��ڷ籩��Ľ��Σ��йء�

��붥��ڹ�˾��ȣ��й��ڻ��Ŀǰ��ڱ��г��ϵͳ�Է��нϴ��ࡣ��ֲ��Ȼ��й��ϵͳ��ȶ��ͷ�չ��Ҳ��й��ҵ��ڸܸ�ʵ��ȫ��š��ܶ��֮��й��ڻ��Ҫ��ȫ�򻯽Ƕȣ��˼��η��ڷ��գ��ι��Ϊ�Ƚ��Ľ��ڹ��ϵ��

��ϵ��Ϊ��й��ڻ��ιɶ��ڻ��Զ��ֻ��ѧϰ�Ƚ��Ĺ��顣��Զ��ǣ��滥��ԭ�򣬲��г��Ȩ��ԣ��γ��ң��֣�ͨ��ȫ��Ӧ��ȫ��ܵĽ��ڷ��ա�

��ȣ�ͨ��ιɣ��ǿ��ί�ɴ��Է��»ᣬ��й��ҵ�ṩһ��ѵõ��˽��ѧϰ�Ļ��ᡣһ��棬��Է��ĸ߼��ߣ��˽��ȫ��ڵķ�չ̬�ƣ��˽ⶥ��ڻ��˼ά��ʽ��ȫ��ս��ܼ�Ԧȫ��ڻ��ĸ߼��˲ţ��й��ҵ��ս��Ұ��һ��棬�ɶ��ݻ��й��ڽ��ȫ�򶥼��ҵ�еĵ�λ��ڹ��ѡ��λ��ȷ��棬��ո��໰��Ȩ��ǳ�Ϊ��һ��ȫ��Σ��Ʒ�Ŀ��ԡ�

��Σ��Ͷ��ڰ�ȫ��棬��(��ŷ��)�Ѿ��г��淶��ṹ��Ϊ�ɶ��ι�ȫ�򶥼��ڻ��й��Ĵ��߿��԰��ճֹɱ��Ͷ��档

��Ӧ��ʶ��й��ϵ�ڹ�ȥ��ĸĸ��Ӵ��й��ڷ��г��Ϊ�й��ҵʵʩ��ս��ʮ��簴��ֵ��㣬�й��ҵ��У��С��й��кͽ��ѽ��֮�С��ֵ�״γ�Խ��ֵ��ҵ��С��⹹��뻨�졢��ȫ�򶥼��л��ɵĻ��ͬʱ��˾�ĳ��޶��㴢��ҲΪ�й��ҵ�ƽ��ս��춨��ʱ��ṩ��µ��ڻ��ḻ��ȫ��Ͷ�ʾ��Դ��ٽ��Ͷ�ʶ�Ԫ��й��ֱ��Ͷ�ʵķ��պ��ⲿ��ѹ��ͬӮȡȫ��Դ��רҵ��ȫ��Ͷ��棬��Ϊ�й��ⲿ��ڷ��յ��Ч;��

��ߣ��� ѧԺԺ�� ��Դ��2007-12-3¼�� й��ó�ס�