{"id":24934,"date":"2026-07-07T13:04:07","date_gmt":"2026-07-07T05:04:07","guid":{"rendered":"https:\/\/openhub365.cn\/?p=24934"},"modified":"2026-07-14T10:05:17","modified_gmt":"2026-07-14T02:05:17","slug":"81-%e5%95%86%e5%8a%a1%e8%8b%b1%e8%af%ad%ef%bc%9a%e6%8a%95%e8%9e%8d%e8%b5%84%e4%b8%8e%e8%b5%84%e6%9c%ac%e8%bf%90%e4%bd%9c","status":"publish","type":"post","link":"https:\/\/openhub365.cn\/index.php\/2026\/07\/07\/81-%e5%95%86%e5%8a%a1%e8%8b%b1%e8%af%ad%ef%bc%9a%e6%8a%95%e8%9e%8d%e8%b5%84%e4%b8%8e%e8%b5%84%e6%9c%ac%e8%bf%90%e4%bd%9c\/","title":{"rendered":"81.\u5546\u52a1\u82f1\u8bed\uff1a\u6295\u878d\u8d44\u4e0e\u8d44\u672c\u8fd0\u4f5c"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">\u4e86\u89e3\u66f4\u591a<a href=\"https:\/\/openhub365.cn\/index.php\/2026\/05\/30\/%e5%85%83%e9%9f%b3%e5%ad%97%e6%af%8d%e4%b8%8e%e8%be%85%e9%9f%b3%e5%ad%97%e6%af%8d%e5%8c%ba%e5%88%86%e8%a7%a3%e6%9e%90%e7%9b%ae%e5%bd%95\/\" data-type=\"post\" data-id=\"10447\">\u5143\u97f3\u5b57\u6bcd\u4e0e\u8f85\u97f3\u5b57\u6bcd\u533a\u5206\u89e3\u6790\u76ee\u5f55<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1. seed funding<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/si\u02d0d \u02c8f\u028cnd\u026a\u014b\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u79cd\u5b50\u8f6e\u878d\u8d44\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u521d\u521b\u4f01\u4e1a\u8d77\u6b65\u9636\u6bb5\u7684\u9996\u8f6e\u5c0f\u989d\u542f\u52a8\u8d44\u91d1<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe startup obtained seed funding from angel investors last month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u8fd9\u5bb6\u521d\u521b\u4f01\u4e1a\u4e0a\u6708\u62ff\u5230\u4e86\u5929\u4f7f\u6295\u8d44\u4eba\u7684\u79cd\u5b50\u8f6e\u878d\u8d44\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2. angel investor<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8e\u026and\u0292l \u026an\u02c8vest\u0259(r)\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u5929\u4f7f\u6295\u8d44\u4eba\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u4e3a\u65e9\u671f\u521b\u4e1a\u516c\u53f8\u63d0\u4f9b\u8d44\u91d1\u7684\u4e2a\u4eba\u6295\u8d44\u8005<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aAn angel investor provided 2 million to support our R&amp;D project.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u4e00\u4f4d\u5929\u4f7f\u6295\u8d44\u4eba\u51fa\u8d44200\u4e07\u6276\u6301\u6211\u4eec\u7684\u7814\u53d1\u9879\u76ee\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3. venture capital<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8vent\u0283\u0259 \u02c8k\u00e6p\u026atl\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u98ce\u9669\u6295\u8d44\uff1bVC\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u6295\u5411\u9ad8\u6210\u957f\u521b\u65b0\u4f01\u4e1a\u7684\u4e13\u4e1a\u673a\u6784\u6295\u8d44\u8d44\u91d1<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aMany tech firms expand rapidly relying on venture capital.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u5f88\u591a\u79d1\u6280\u516c\u53f8\u4f9d\u9760\u98ce\u9669\u6295\u8d44\u5b9e\u73b0\u5feb\u901f\u6269\u5f20\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">4. Series A round<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8s\u026a\u0259ri\u02d0z e\u026a ra\u028and\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010A\u8f6e\u878d\u8d44\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u4f01\u4e1a\u4ea7\u54c1\u843d\u5730\u540e\u9762\u5411\u98ce\u6295\u5f00\u5c55\u7684\u7b2c\u4e00\u8f6e\u89c4\u6a21\u5316\u878d\u8d44<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aWe plan to complete Series A round within this fiscal half-year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u6211\u4eec\u8ba1\u5212\u672c\u534a\u5e74\u5185\u5b8c\u6210A\u8f6e\u878d\u8d44\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">5. equity financing<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8ekw\u0259ti fa\u026a\u02c8n\u00e6ns\u026a\u014b\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u80a1\u6743\u878d\u8d44\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u51fa\u8ba9\u516c\u53f8\u80a1\u6743\u6362\u53d6\u5916\u90e8\u6295\u8d44\u8d44\u91d1\u7684\u878d\u8d44\u65b9\u5f0f<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aEquity financing will not add debt liabilities to the enterprise.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u80a1\u6743\u878d\u8d44\u4e0d\u4f1a\u7ed9\u4f01\u4e1a\u589e\u52a0\u503a\u52a1\u8d1f\u503a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">6. debt financing<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/det fa\u026a\u02c8n\u00e6ns\u026a\u014b\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u503a\u6743\u878d\u8d44\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u901a\u8fc7\u8d37\u6b3e\u3001\u53d1\u503a\u7b49\u4e3e\u503a\u65b9\u5f0f\u83b7\u53d6\u8fd0\u8425\u8d44\u91d1<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aSmall factories prefer debt financing with low interest rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u5c0f\u578b\u5de5\u5382\u66f4\u9752\u7750\u4f4e\u5229\u7387\u7684\u503a\u6743\u878d\u8d44\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">7. initial public offering<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u026a\u02c8n\u026a\u0283l \u02c8p\u028cbl\u026ak \u02c8\u0252f\u0259r\u026a\u014b\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u9996\u6b21\u516c\u5f00\u52df\u80a1\uff1bIPO\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u4f01\u4e1a\u9996\u6b21\u5411\u793e\u4f1a\u516c\u4f17\u53d1\u884c\u80a1\u7968\u767b\u9646\u8bc1\u5238\u5e02\u573a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe group targets an initial public offering on the Shanghai Stock Exchange.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u96c6\u56e2\u76ee\u6807\u5728\u4e0a\u4ea4\u6240\u5b8c\u6210\u9996\u6b21\u516c\u5f00\u52df\u80a1\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">8. pre-IPO financing<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/pri\u02d0 a\u026a pi\u02d0 \u0259\u028a fa\u026a\u02c8n\u00e6ns\u026a\u014b\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010IPO\u524d\u878d\u8d44\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u4f01\u4e1a\u4e0a\u5e02\u524d\u6700\u540e\u4e00\u8f6e\u5f15\u5165\u6218\u7565\u6295\u8d44\u8005\u7684\u878d\u8d44<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aPre-IPO financing helps optimize the corporate shareholding structure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1aIPO\u524d\u878d\u8d44\u6709\u52a9\u4e8e\u4f18\u5316\u4f01\u4e1a\u80a1\u6743\u67b6\u6784\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">9. private equity<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8pra\u026av\u0259t \u02c8ekw\u0259ti\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u79c1\u52df\u80a1\u6743\uff1bPE\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u79c1\u52df\u673a\u6784\u6536\u8d2d\u6210\u719f\u4f01\u4e1a\u80a1\u6743\u5e76\u957f\u671f\u6301\u6709\u589e\u503c<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aPrivate equity usually invests in mid-sized profitable enterprises.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u79c1\u52df\u80a1\u6743\u4e00\u822c\u6295\u8d44\u5177\u5907\u76c8\u5229\u7684\u4e2d\u578b\u4f01\u4e1a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">10. capital injection<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8k\u00e6p\u026atl \u026an\u02c8d\u0292ek\u0283n\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u8d44\u672c\u6ce8\u5165\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u6295\u8d44\u65b9\u76f4\u63a5\u5411\u4f01\u4e1a\u5b9e\u7f34\u589e\u8d44\u6b3e\u5145\u5b9e\u8d44\u672c\u91d1<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe capital injection fully covers our overseas expansion cost.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u672c\u6b21\u8d44\u672c\u6ce8\u5165\u5168\u989d\u8986\u76d6\u6211\u4eec\u6d77\u5916\u6269\u5f20\u6210\u672c\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">11. share dilution<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u0283e\u0259 da\u026a\u02c8lu\u02d0\u0283n\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u80a1\u6743\u7a00\u91ca\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u591a\u8f6e\u878d\u8d44\u540e\u539f\u6709\u80a1\u4e1c\u6301\u80a1\u6bd4\u4f8b\u88ab\u52a8\u964d\u4f4e<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aMultiple financing rounds lead to moderate share dilution for founders.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u591a\u8f6e\u878d\u8d44\u4f1a\u8ba9\u521b\u59cb\u4eba\u80a1\u6743\u51fa\u73b0\u9002\u5ea6\u7a00\u91ca\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">12. valuation<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02ccv\u00e6lju\u02c8e\u026a\u0283n\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u4f01\u4e1a\u4f30\u503c\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u6295\u878d\u8d44\u9636\u6bb5\u5bf9\u516c\u53f8\u6574\u4f53\u5e02\u573a\u4ef7\u503c\u7684\u6838\u7b97\u5b9a\u4ef7<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe third-party agency gave a high valuation to our new energy firm.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u7b2c\u4e09\u65b9\u673a\u6784\u7ed9\u6211\u4eec\u65b0\u80fd\u6e90\u4f01\u4e1a\u51fa\u5177\u4e86\u9ad8\u4f30\u503c\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">13. exit strategy<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8eks\u026at \u02c8str\u00e6t\u0259d\u0292i\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u9000\u51fa\u673a\u5236\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u6295\u8d44\u4eba\u6536\u56de\u6295\u8d44\u83b7\u5229\u7684\u65b9\u6848\uff0c\u542b\u4e0a\u5e02\u3001\u5e76\u8d2d\u3001\u56de\u8d2d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aAll investment agreements need to clarify a complete exit strategy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u6240\u6709\u6295\u8d44\u534f\u8bae\u90fd\u8981\u5199\u660e\u5b8c\u6574\u7684\u9000\u51fa\u673a\u5236\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">14. share buyback<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u0283e\u0259 \u02c8ba\u026ab\u00e6k\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u80a1\u6743\u56de\u8d2d\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u516c\u53f8\u521b\u59cb\u4eba\u6216\u4f01\u4e1a\u6309\u7ea6\u5b9a\u4ef7\u683c\u8d2d\u56de\u6295\u8d44\u65b9\u80a1\u6743<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe clause sets a share buyback trigger if revenue fails the target.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u6761\u6b3e\u7ea6\u5b9a\u8425\u6536\u672a\u8fbe\u6807\u65f6\u5c06\u89e6\u53d1\u80a1\u6743\u56de\u8d2d\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">15. merger and acquisition<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8m\u025c\u02d0d\u0292\u0259 \u0259nd \u02cc\u00e6kw\u026a\u02c8z\u026a\u0283n\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u5e76\u8d2d\uff1bM&amp;A\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u4f01\u4e1a\u95f4\u5408\u5e76\u3001\u6536\u8d2d\u80a1\u6743\u6216\u8d44\u4ea7\u7684\u8d44\u672c\u8fd0\u4f5c\u884c\u4e3a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe group completed three merger and acquisition deals this year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u96c6\u56e2\u4eca\u5e74\u5b8c\u6210\u4e09\u8d77\u5e76\u8d2d\u4ea4\u6613\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">16. strategic investor<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/str\u0259\u02c8ti\u02d0d\u0292\u026ak \u026an\u02c8vest\u0259(r)\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u6218\u7565\u6295\u8d44\u8005\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u5177\u5907\u4ea7\u4e1a\u8d44\u6e90\u3001\u957f\u671f\u534f\u540c\u6301\u80a1\u7684\u4ea7\u4e1a\u6295\u8d44\u65b9<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aWe introduced a strategic investor from the upstream supply chain.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u6211\u4eec\u5f15\u5165\u4e86\u4ea7\u4e1a\u94fe\u4e0a\u6e38\u7684\u6218\u7565\u6295\u8d44\u8005\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">17. financial investor<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/fa\u026a\u02c8n\u00e6n\u0283l \u026an\u02c8vest\u0259(r)\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u8d22\u52a1\u6295\u8d44\u8005\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u4ec5\u8ffd\u6c42\u6295\u8d44\u6536\u76ca\u3001\u4e0d\u6df1\u5ea6\u53c2\u4e0e\u7ecf\u8425\u7684\u7eaf\u8d44\u91d1\u6295\u8d44\u65b9<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aFinancial investors focus solely on the company\u2019s profit growth rate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u8d22\u52a1\u6295\u8d44\u8005\u53ea\u5173\u6ce8\u4f01\u4e1a\u5229\u6da6\u589e\u901f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">18. capital structure<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8k\u00e6p\u026atl \u02c8str\u028ckt\u0283\u0259(r)\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u8d44\u672c\u7ed3\u6784\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u4f01\u4e1a\u80a1\u6743\u8d44\u672c\u4e0e\u503a\u52a1\u8d44\u672c\u7684\u914d\u6bd4\u6784\u6210<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aWe adjust capital structure to lower the overall financing cost.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u6211\u4eec\u8c03\u6574\u8d44\u672c\u7ed3\u6784\uff0c\u964d\u4f4e\u7efc\u5408\u878d\u8d44\u6210\u672c\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">19. equity pledge<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8ekw\u0259ti pled\u0292\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u80a1\u6743\u8d28\u62bc\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u80a1\u4e1c\u5c06\u6240\u6301\u516c\u53f8\u80a1\u6743\u62b5\u62bc\u6362\u53d6\u8d37\u6b3e\u8d44\u91d1<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe founder made an equity pledge to secure short-term operating funds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u521b\u59cb\u4eba\u901a\u8fc7\u80a1\u6743\u8d28\u62bc\u83b7\u53d6\u77ed\u671f\u7ecf\u8425\u8d44\u91d1\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">20. convertible bond<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/k\u0259n\u02c8v\u025c\u02d0t\u0259bl b\u0252nd\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u53ef\u8f6c\u6362\u503a\u5238\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u5230\u671f\u53ef\u6309\u7ea6\u5b9a\u6bd4\u4f8b\u8f6c\u4e3a\u516c\u53f8\u80a1\u7968\u7684\u503a\u6743\u5de5\u5177<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aConvertible bond balances the risk of investors and enterprises.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u53ef\u8f6c\u6362\u503a\u5238\u5e73\u8861\u6295\u8d44\u65b9\u4e0e\u4f01\u4e1a\u53cc\u65b9\u98ce\u9669\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">21. warrant<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8w\u0252r\u0259nt\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u8ba4\u80a1\u6743\u8bc1\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u7ea6\u5b9a\u672a\u6765\u4f4e\u4ef7\u8ba4\u8d2d\u4f01\u4e1a\u65b0\u589e\u80a1\u6743\u7684\u91d1\u878d\u51ed\u8bc1<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe investor received warrants as extra investment compensation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u6295\u8d44\u65b9\u83b7\u5f97\u8ba4\u80a1\u6743\u8bc1\u4f5c\u4e3a\u989d\u5916\u6295\u8d44\u8865\u507f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">22. lock-up period<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8l\u0252k \u028cp \u02c8p\u026a\u0259ri\u0259d\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u9501\u5b9a\u671f\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u4e0a\u5e02\u540e\u80a1\u4e1c\u4e0d\u5f97\u629b\u552e\u6240\u6301\u80a1\u7968\u7684\u7ea6\u675f\u671f\u9650<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aCore shareholders face a one-year lock-up period after IPO.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u6838\u5fc3\u80a1\u4e1c\u4e0a\u5e02\u540e\u62e5\u6709\u4e00\u5e74\u80a1\u7968\u9501\u5b9a\u671f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">23. fund raising prospectus<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/f\u028cnd \u02c8re\u026az\u026a\u014b pr\u0259\u02c8spekt\u0259s\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u878d\u8d44\u62db\u80a1\u4e66\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u5bf9\u5916\u62ab\u9732\u4f01\u4e1a\u7ecf\u8425\u6570\u636e\u3001\u52df\u8d44\u7528\u9014\u7684\u6b63\u5f0f\u6587\u4ef6<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe fund raising prospectus must be audited by certified accountants.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u878d\u8d44\u62db\u80a1\u4e66\u5fc5\u987b\u7ecf\u6ce8\u518c\u4f1a\u8ba1\u5e08\u5ba1\u8ba1\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">24. use of proceeds<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/ju\u02d0z \u0252v \u02c8pr\u0259\u028asi\u02d0dz\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u52df\u8d44\u7528\u9014\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u878d\u8d44\u5408\u540c\u4e2d\u7ea6\u5b9a\u6295\u8d44\u6b3e\u7684\u9650\u5b9a\u4f7f\u7528\u8303\u56f4<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe use of proceeds mainly covers factory expansion and tech R&amp;D.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u52df\u8d44\u7528\u9014\u4e3b\u8981\u7528\u4e8e\u5382\u623f\u6269\u5efa\u4e0e\u6280\u672f\u7814\u53d1\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">25. anti-dilution clause<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8\u00e6nti da\u026a\u02c8lu\u02d0\u0283n kl\u0254\u02d0z\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u53cd\u7a00\u91ca\u6761\u6b3e\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u4fdd\u62a4\u524d\u671f\u6295\u8d44\u65b9\u80a1\u6743\u6bd4\u4f8b\u4e0d\u53d7\u540e\u7eed\u4f4e\u4ef7\u878d\u8d44\u7a00\u91ca<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aAnti-dilution clause is a standard term for Series A investors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u53cd\u7a00\u91ca\u6761\u6b3e\u662fA\u8f6e\u6295\u8d44\u4eba\u7684\u6807\u51c6\u534f\u8bae\u6761\u6b3e\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">26. liquidation preference<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02ccl\u026akw\u026a\u02c8de\u026a\u0283n \u02c8prefr\u0259ns\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u6e05\u7b97\u4f18\u5148\u6743\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u4f01\u4e1a\u7834\u4ea7\u6e05\u7b97\u65f6\u6295\u8d44\u65b9\u4f18\u5148\u62ff\u56de\u672c\u91d1\u6536\u76ca\u7684\u6743\u5229<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aVenture capital firms always sign liquidation preference agreements.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u98ce\u6295\u673a\u6784\u90fd\u4f1a\u7b7e\u8ba2\u6e05\u7b97\u4f18\u5148\u6743\u534f\u8bae\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">27. capital market<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8k\u00e6p\u026atl \u02c8m\u0251\u02d0k\u026at\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u8d44\u672c\u5e02\u573a\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u4f01\u4e1a\u5f00\u5c55\u80a1\u6743\u3001\u503a\u6743\u6295\u878d\u8d44\u7684\u4ea4\u6613\u5e02\u573a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aMore green energy enterprises enter the domestic capital market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u8d8a\u6765\u8d8a\u591a\u65b0\u80fd\u6e90\u4f01\u4e1a\u767b\u9646\u56fd\u5185\u8d44\u672c\u5e02\u573a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">28. secondary market<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8sek\u0259ndri \u02c8m\u0251\u02d0k\u026at\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u4e8c\u7ea7\u5e02\u573a\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u80a1\u7968\u3001\u57fa\u91d1\u7b49\u8bc1\u5238\u6d41\u901a\u8f6c\u8ba9\u7684\u4ea4\u6613\u5e02\u573a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aInvestors trade listed stocks on the secondary market daily.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u6295\u8d44\u4eba\u6bcf\u65e5\u5728\u4e8c\u7ea7\u5e02\u573a\u4ea4\u6613\u4e0a\u5e02\u80a1\u7968\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">29. primary market<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8pra\u026am\u0259ri \u02c8m\u0251\u02d0k\u026at\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u4e00\u7ea7\u5e02\u573a\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u4f01\u4e1a\u9996\u6b21\u53d1\u884c\u80a1\u6743\u3001\u503a\u5238\u8fdb\u884c\u52df\u8d44\u7684\u5e02\u573a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aAll equity financing before IPO belongs to primary market business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u4e0a\u5e02\u524d\u5168\u90e8\u80a1\u6743\u878d\u8d44\u90fd\u5c5e\u4e8e\u4e00\u7ea7\u5e02\u573a\u4e1a\u52a1\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">30. fund management firm<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/f\u028cnd \u02c8m\u00e6n\u026ad\u0292m\u0259nt f\u025c\u02d0m\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u57fa\u91d1\u7ba1\u7406\u516c\u53f8\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u52df\u96c6\u793e\u4f1a\u8d44\u91d1\u3001\u5bf9\u5916\u5f00\u5c55\u80a1\u6743\u6295\u8d44\u7684\u4e13\u4e1a\u673a\u6784<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThis fund management firm focuses on semiconductor industry investment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u8fd9\u5bb6\u57fa\u91d1\u7ba1\u7406\u516c\u53f8\u4e13\u6ce8\u534a\u5bfc\u4f53\u884c\u4e1a\u6295\u8d44\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">31. limited partner<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8l\u026am\u026at\u026ad \u02c8p\u0251\u02d0tn\u0259(r)\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u6709\u9650\u5408\u4f19\u4eba\uff1bLP\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u5411\u79c1\u52df\u57fa\u91d1\u51fa\u8d44\u3001\u4ec5\u627f\u62c5\u6709\u9650\u98ce\u9669\u7684\u51fa\u8d44\u65b9<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aInsurance companies are major limited partners of PE funds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u4fdd\u9669\u516c\u53f8\u662f\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u4e3b\u8981\u6709\u9650\u5408\u4f19\u4eba\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">32. general partner<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8d\u0292enr\u0259l \u02c8p\u0251\u02d0tn\u0259(r)\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u666e\u901a\u5408\u4f19\u4eba\uff1bGP\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u79c1\u52df\u57fa\u91d1\u8d1f\u8d23\u6295\u8d44\u51b3\u7b56\u3001\u65e5\u5e38\u8fd0\u8425\u7684\u7ba1\u7406\u65b9<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe general partner charges annual management fees from the fund.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u666e\u901a\u5408\u4f19\u4eba\u5411\u57fa\u91d1\u6536\u53d6\u5e74\u5ea6\u7ba1\u7406\u8d39\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">33. management fee<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8m\u00e6n\u026ad\u0292m\u0259nt fi\u02d0\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u57fa\u91d1\u7ba1\u7406\u8d39\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1aGP\u5411LP\u6536\u53d6\u7684\u57fa\u91d1\u65e5\u5e38\u8fd0\u8425\u7ba1\u7406\u8d39\u7528<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe annual management fee accounts for 2% of total fund scale.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u5e74\u5ea6\u57fa\u91d1\u7ba1\u7406\u8d39\u5360\u57fa\u91d1\u603b\u89c4\u6a21\u76842%\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">34. carried interest<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8k\u00e6rid \u02c8\u026antr\u0259st\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u4e1a\u7ee9\u5206\u6210\uff1bcarry\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u57fa\u91d1\u76c8\u5229\u540eGP\u63d0\u53d6\u7684\u8d85\u989d\u6536\u76ca\u5206\u7ea2<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aCarried interest is the core profit source of investment teams.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u4e1a\u7ee9\u5206\u6210\u662f\u6295\u8d44\u56e2\u961f\u6838\u5fc3\u6536\u76ca\u6765\u6e90\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">35. asset securitization<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8\u00e6set \u02ccsekj\u0259r\u026ata\u026a\u02c8ze\u026a\u0283n\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u8d44\u4ea7\u8bc1\u5238\u5316\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u5c06\u7a33\u5b9a\u73b0\u91d1\u6d41\u8d44\u4ea7\u6253\u5305\u53d1\u884c\u8bc1\u5238\u878d\u8d44<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aReal estate enterprises often adopt asset securitization for financing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u623f\u4f01\u5e38\u91c7\u7528\u8d44\u4ea7\u8bc1\u5238\u5316\u65b9\u5f0f\u878d\u8d44\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">36. cross-border investment<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/kr\u0252s \u02c8b\u0254\u02d0d\u0259 \u026an\u02c8vestm\u0259nt\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u8de8\u5883\u6295\u8d44\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u672c\u56fd\u8d44\u672c\u6295\u5411\u6d77\u5916\u4f01\u4e1a\u6216\u6d77\u5916\u8d44\u672c\u5165\u5883\u6295\u8d44<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aWe set up a special department to manage cross-border investment projects.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u6211\u4eec\u8bbe\u7acb\u4e13\u9879\u90e8\u95e8\u7ba1\u7406\u8de8\u5883\u6295\u8d44\u9879\u76ee\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">37. leverage ratio<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8li\u02d0v\u0259r\u026ad\u0292 \u02c8re\u026a\u0283i\u0259\u028a\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u6760\u6746\u7387\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u4f01\u4e1a\u503a\u52a1\u8d44\u672c\u4e0e\u81ea\u6709\u8d44\u672c\u91d1\u7684\u6bd4\u503c<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aRegulators restrict the leverage ratio of financial institutions strictly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u76d1\u7ba1\u5c42\u4e25\u683c\u9650\u5236\u91d1\u878d\u673a\u6784\u6760\u6746\u7387\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">38. leverage buyout<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8li\u02d0v\u0259r\u026ad\u0292 \u02c8ba\u026aa\u028at\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u6760\u6746\u6536\u8d2d\uff1bLBO\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u4f9d\u9760\u5927\u989d\u8d37\u6b3e\u6536\u8d2d\u6210\u719f\u4f01\u4e1a\u63a7\u80a1\u6743<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aLeverage buyout is a classic operation mode of private equity funds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u6760\u6746\u6536\u8d2d\u662f\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u7ecf\u5178\u8fd0\u4f5c\u6a21\u5f0f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">39. shareholder rights<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8\u0283e\u0259h\u0259\u028ad\u0259 ra\u026ats\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u80a1\u4e1c\u6743\u76ca\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u6301\u80a1\u4eba\u4eab\u6709\u7684\u5206\u7ea2\u3001\u8868\u51b3\u3001\u6e05\u7b97\u5206\u914d\u7b49\u6cd5\u5b9a\u6743\u5229<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe new investment agreement fully protects minority shareholder rights.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u65b0\u7248\u6295\u8d44\u534f\u8bae\u5145\u5206\u4fdd\u969c\u4e2d\u5c0f\u80a1\u4e1c\u6743\u76ca\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">40. minority shareholder<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/ma\u026a\u02c8n\u0252r\u0259ti \u02c8\u0283e\u0259h\u0259\u028ad\u0259(r)\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u4e2d\u5c0f\u80a1\u4e1c\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u6301\u80a1\u6bd4\u4f8b\u4f4e\u4e8e\u63a7\u80a1\u65b9\u7684\u666e\u901a\u6295\u8d44\u65b9<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aMinority shareholders have voting rights on major corporate decisions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u4e2d\u5c0f\u80a1\u4e1c\u5bf9\u4f01\u4e1a\u91cd\u5927\u51b3\u7b56\u4eab\u6709\u6295\u7968\u6743\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">41. controlling shareholder<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/k\u0259n\u02c8tr\u0259\u028al\u026a\u014b \u02c8\u0283e\u0259h\u0259\u028ad\u0259(r)\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u63a7\u80a1\u80a1\u4e1c\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u6301\u80a1\u6bd4\u4f8b\u8db3\u4ee5\u638c\u63a7\u516c\u53f8\u7ecf\u8425\u51b3\u7b56\u7684\u5927\u80a1\u4e1c<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe controlling shareholder promised not to reduce holdings within three years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u63a7\u80a1\u80a1\u4e1c\u627f\u8bfa\u4e09\u5e74\u5185\u4e0d\u51cf\u6301\u80a1\u4efd\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">42. share transfer<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u0283e\u0259 tr\u00e6ns\u02c8f\u025c\u02d0(r)\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u80a1\u6743\u8f6c\u8ba9\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u80a1\u4e1c\u5c06\u540d\u4e0b\u516c\u53f8\u80a1\u4efd\u6709\u507f\u8f6c\u8ba9\u7ed9\u7b2c\u4e09\u65b9<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe share transfer needs approval from more than half other shareholders.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u80a1\u6743\u8f6c\u8ba9\u9700\u8981\u8fc7\u534a\u6570\u5176\u4ed6\u80a1\u4e1c\u540c\u610f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">43. capital gain<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8k\u00e6p\u026atl \u0261e\u026an\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u8d44\u672c\u5229\u5f97\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u8f6c\u8ba9\u80a1\u6743\u3001\u8bc1\u5238\u5356\u51fa\u4ef7\u9ad8\u51fa\u4e70\u5165\u4ef7\u7684\u589e\u503c\u6536\u76ca<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aCapital gain generated from stock transfer needs to pay corresponding tax.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u80a1\u6743\u8f6c\u8ba9\u4ea7\u751f\u7684\u8d44\u672c\u5229\u5f97\u9700\u8981\u7f34\u7eb3\u5bf9\u5e94\u7a0e\u6b3e\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">44. due diligence<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/dju\u02d0 \u02c8d\u026al\u026ad\u0292\u0259ns\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u5c3d\u804c\u8c03\u67e5\uff1b\u5c3d\u8c03\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u6295\u8d44\u65b9\u6295\u8d44\u524d\u6838\u67e5\u6807\u7684\u8d22\u52a1\u3001\u6cd5\u52a1\u3001\u4e1a\u52a1\u5168\u90e8\u4fe1\u606f<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe investment team spent one month completing full due diligence.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u6295\u8d44\u56e2\u961f\u8017\u65f6\u4e00\u6708\u5b8c\u6210\u5b8c\u6574\u5c3d\u804c\u8c03\u67e5\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">45. term sheet<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/t\u025c\u02d0m \u0283i\u02d0t\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u6295\u8d44\u6761\u6b3e\u6e05\u5355\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u6295\u878d\u8d44\u53cc\u65b9\u521d\u6b65\u6572\u5b9a\u6838\u5fc3\u5408\u4f5c\u6761\u4ef6\u7684\u610f\u5411\u6587\u4ef6<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe term sheet only has binding force on confidentiality clauses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u6295\u8d44\u6761\u6b3e\u6e05\u5355\u4ec5\u4fdd\u5bc6\u6761\u6b3e\u5177\u5907\u6cd5\u5f8b\u7ea6\u675f\u529b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">46. investment valuation model<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u026an\u02c8vestm\u0259nt \u02ccv\u00e6lju\u02c8e\u026a\u0283n \u02c8m\u0252dl\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u6295\u8d44\u4f30\u503c\u6a21\u578b\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1aDCF\u3001\u53ef\u6bd4\u516c\u53f8\u7b49\u6d4b\u7b97\u4f01\u4e1a\u4f30\u503c\u7684\u4e13\u4e1a\u6d4b\u7b97\u5de5\u5177<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aAnalysts adjust parameters in the investment valuation model every quarter.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u5206\u6790\u5e08\u6bcf\u5b63\u5ea6\u8c03\u6574\u6295\u8d44\u4f30\u503c\u6a21\u578b\u53c2\u6570\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">47. green investment<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u0261ri\u02d0n \u026an\u02c8vestm\u0259nt\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u7eff\u8272\u6295\u8d44\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u6295\u5411\u65b0\u80fd\u6e90\u3001\u73af\u4fdd\u3001\u4f4e\u78b3\u4ea7\u4e1a\u7684\u4e13\u9879\u8d44\u672c<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aNational policy offers tax incentives for green investment projects.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u56fd\u5bb6\u653f\u7b56\u5bf9\u7eff\u8272\u6295\u8d44\u9879\u76ee\u7ed9\u4e88\u7a0e\u6536\u4f18\u60e0\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">48. industrial fund<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u026an\u02c8d\u028cstri\u0259l f\u028cnd\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u4ea7\u4e1a\u57fa\u91d1\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u653f\u5e9c\u3001\u4f01\u4e1a\u8054\u5408\u8bbe\u7acb\u5b9a\u5411\u6276\u6301\u7279\u5b9a\u4ea7\u4e1a\u7684\u6295\u8d44\u57fa\u91d1<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aThe local government launched a new energy industrial fund last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u5f53\u5730\u653f\u5e9c\u53bb\u5e74\u8bbe\u7acb\u4e00\u652f\u65b0\u80fd\u6e90\u4ea7\u4e1a\u57fa\u91d1\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">49. delisting risk<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/di\u02d0\u02c8l\u026ast\u026a\u014b r\u026ask\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u9000\u5e02\u98ce\u9669\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u4e0a\u5e02\u4f01\u4e1a\u4e1a\u7ee9\u4e0d\u8fbe\u6807\u3001\u8fdd\u89c4\u88ab\u4ea4\u6613\u6240\u7ec8\u6b62\u4e0a\u5e02\u7684\u98ce\u9669<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aInvestors will avoid listed firms with continuous delisting risk.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u6295\u8d44\u4eba\u4f1a\u89c4\u907f\u5b58\u5728\u6301\u7eed\u9000\u5e02\u98ce\u9669\u7684\u4e0a\u5e02\u4f01\u4e1a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">50. capital appreciation<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\/\u02c8k\u00e6p\u026atl \u0259\u02ccpri\u02d0\u0283i\u02c8e\u026a\u0283n\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3010\u8d44\u672c\u589e\u503c\u3011<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bcd\u6027\uff1a\u540d\u8bcd\u77ed\u8bed(n.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ca\u4e49\uff1a\u6301\u6709\u80a1\u6743\u3001\u8d44\u4ea7\u968f\u4f01\u4e1a\u53d1\u5c55\u4ea7\u751f\u7684\u4ef7\u503c\u4e0a\u6da8<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u53e5\uff1aLong-term holding brings stable capital appreciation for institutional investors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bd1\u6587\uff1a\u957f\u671f\u6301\u6709\u80fd\u7ed9\u673a\u6784\u6295\u8d44\u4eba\u5e26\u6765\u7a33\u5b9a\u8d44\u672c\u589e\u503c\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8bf7\u70b9\u51fb\u8fd4\u56de\u9996\u9875<a href=\"https:\/\/openhub365.cn\/index.php\/2026\/07\/07\/%e5%95%86%e5%8a%a1%e8%8b%b1%e8%af%ad%e8%af%8d%e6%b1%87%e7%9b%ae%e5%bd%95\/\" data-type=\"post\" data-id=\"25150\">\u5546\u52a1\u82f1\u8bed\u8bcd\u6c47\u76ee\u5f55<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4e86\u89e3\u66f4\u591a\u5143\u97f3\u5b57\u6bcd\u4e0e\u8f85\u97f3\u5b57\u6bcd\u533a\u5206&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[],"class_list":["post-24934","post","type-post","status-publish","format-standard","hentry","category-510"],"_links":{"self":[{"href":"https:\/\/openhub365.cn\/index.php\/wp-json\/wp\/v2\/posts\/24934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/openhub365.cn\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/openhub365.cn\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/openhub365.cn\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/openhub365.cn\/index.php\/wp-json\/wp\/v2\/comments?post=24934"}],"version-history":[{"count":0,"href":"https:\/\/openhub365.cn\/index.php\/wp-json\/wp\/v2\/posts\/24934\/revisions"}],"wp:attachment":[{"href":"https:\/\/openhub365.cn\/index.php\/wp-json\/wp\/v2\/media?parent=24934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/openhub365.cn\/index.php\/wp-json\/wp\/v2\/categories?post=24934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/openhub365.cn\/index.php\/wp-json\/wp\/v2\/tags?post=24934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}