{"id":506467,"date":"2007-07-20T14:19:00","date_gmt":"2007-07-20T06:19:00","guid":{"rendered":"https:\/\/www.house730.com\/news\/?p=506467"},"modified":"2020-11-30T10:07:25","modified_gmt":"2020-11-30T02:07:25","slug":"%e5%b0%8f%e5%bf%83%e5%a2%ae%e5%85%a5%e5%85%a7%e5%b9%95%e4%ba%a4%e6%98%93%e8%a1%8c%e5%be%91","status":"publish","type":"post","link":"https:\/\/www.house730.com\/news\/cn\/506467\/%e5%b0%8f%e5%bf%83%e5%a2%ae%e5%85%a5%e5%85%a7%e5%b9%95%e4%ba%a4%e6%98%93%e8%a1%8c%e5%be%91\/","title":{"rendered":"\u5c0f\u5fc3\u5815\u5165\u201c\u5185\u5e55\u4ea4\u6613\u201d\u884c\u5f84"},"content":{"rendered":"
\n

\u6709 \u62a5 \u5bfc \u672c \u6e2f \u653f \u7ecf \u754c \u540d \u4eba \u674e \u56fd \u5b9d \uff0c \u88ab \u6307 \u6d89 \u53ca \u7f8e \u56fd \u675c \u743c \u65af \u516c \u53f8 \u5185 \u5e55 \u4ea4 \u6613 \uff0c \u9700 \u63a5 \u53d7 \u7f8e \u56fd \u8bc1 \u5238 \u4ea4 \u6613 \u59d4 \u5458 \u4f1a \u8c03 \u67e5 \u3002 \u7a76 \u7adf \u4ec0 \u9ebd \u662f \u5185 \u5e55 \u4ea4 \u6613 \uff0c \u987f \u65f6 \u53c8 \u6210 \u4e3a \u672c \u5730 \u70ed \u95e8 \u8bdd \u9898 \u3002 <\/font><\/div>\n
 <\/font><\/div>\n
\u6761 \u4f8b \u4fdd \u969c \u6295 \u8d44 \u8005 <\/font><\/div>\n
 <\/font><\/div>\n
\u4e0a \u5e02 \u516c \u53f8 \u80a1 \u7968 \u5728 \u5e02 \u573a \u4e4b \u4ef7 \u683c \uff0c \u5176 \u5b9e \u53cd \u6620 \u6295 \u8d44 \u8005 \u5728 \u53d6 \u5f97 \u76f8 \u5173 \u6295 \u8d44 \u8baf \u606f \ufe5d \u5305 \u62ec \u516c \u53f8 \u5185 \u5916 \u8baf \u606f \ufe5e \uff0c \u5e76 \u5bf9 \u516c \u53f8 \u672a \u6765 \u76c8 \u5229 \u4f5c \u51fa \u63a8 \u7b97 \u4e0b \uff0c \u53ef \u63a5 \u53d7 \u4e4b \u76f8 \u5173 \u80a1 \u7968 \u4e70 \u5165 \u4ef7 \ufe5d \u6216 \u5356 \u51fa \u4ef7 \ufe5e \u3002 \u5728 \u516c \u5e73 \u6295 \u8d44 \u73af \u5883 \u4e0b \uff0c \u6bcf \u4e2a \u6295 \u8d44 \u8005 \u5e94 \u6709 \u540c \u7b49 \u673a \u4f1a \u53d6 \u5f97 \u76f8 \u5173 \u6295 \u8d44 \u8baf \u606f \uff0c \u800c \u5b66 \u672f \u754c \u5021 \u5bfc \u4e4b “ \u6548 \u7387 \u5e02 \u573a ” (efficient market)\uff0c \u5c31 \u662f \u6307 \u5e02 \u573a \u5185 \u6295 \u8d44 \u4ea7 \u54c1 \u4e4b \u6210 \u4ea4 \u4ef7 \uff0c \u5df2 \u5305 \u542b \u5168 \u90e8 “ \u5f53 \u524d \u53ef \u53d6 \u5f97 \u4e4b \u76f8 \u5173 \u8d44 \u6599 ” (currently available relevant information)\u4e4b \u56e0 \u7d20 \u3002 <\/font><\/div>\n
 <\/font><\/div>\n
\u7531 \u65bc \u4e0a \u5e02 \u516c \u53f8 \u4e4b \u4e1a \u52a1 \u8fd0 \u4f5c \u53ca \u53d1 \u5c55 \u52a8 \u5411 \uff0c \u5176 \u76f8 \u5173 \u8d44 \u8baf \u6709 \u673a \u4f1a \u88ab \u90e8 \u4efd \u4eba \u58eb \u77e5 \u6089 \ufe5d \u5f53 \u4e2d \u5305 \u62ec \u516c \u53f8 \u80a1 \u4e1c \u3001 \u8463 \u4e8b \u3001 \u9ad8 \u7ea7 \u884c \u653f \u4eba \u5458 \u53ca \u4e1a \u52a1 \u4f19 \u4f34 \u7b49 \ufe5e \uff0c \u5f53 \u5c11 \u6570 \u4eba \u58eb \u80fd \u5229 \u7528 \u8be5 \u7b49 \u8baf \u606f \u4e70 \u5356 \u516c \u53f8 \u80a1 \u7968 \uff0c \u5bf9 \u65e0 \u6cd5 \u53d6 \u5f97 \u76f8 \u540c \u8baf \u606f \u4e4b \u5176 \u4ed6 \u6295 \u8d44 \u8005 \u662f \u4e0d \u516c \u5e73 \u7684 \uff0c \u6545 \u5185 \u5e55 \u4ea4 \u6613 \u6761 \u4f8b \u4e4b \u8bbe \u5b9a \uff0c \u5c31 \u662f \u8981 \u4fdd \u969c \u6240 \u6709 \u6295 \u8d44 \u8005 \u5728 \u516c \u5e73 \u4e4b \u73af \u5883 \u4e0b \ufe5d \u6307 \u5927 \u5bb6 \u7957 \u53ef \u5229 \u7528 \u76f8 \u540c \u4e4b \u6295 \u8d44 \u8baf \u606f \ufe5e \u8fdb \u884c \u4e70 \u5356 \u4ea4 \u6613 \u3002 <\/font><\/div>\n
 <\/font><\/div>\n
 <\/font><\/div>\n
\u4e3a \u65b9 \u4fbf \u7f51 \u6c11 \u4e86 \u89e3 \u7279 \u533a \u653f \u5e9c \u5bf9 \u5185 \u5e55 \u4ea4 \u6613 \u4e4b \u76d1 \u7ba1 \uff0c \u7b14 \u8005 \u7279 \u610f \u5c06 \u9999 \u6e2f «\u8bc1 \u5238 \u53ca \u671f \u8d27 \u6761 \u4f8b »\u5185 \u76f8 \u5173 \u6761 \u6587 \u64ae \u8ff0 \u5982 \u4e0b \ufe30 <\/font><\/div>\n
 <\/font><\/div>\n
(1)         <\/span>\u5185 \u5e55 \u4ea4 \u6613 \u53ef \u80fd \u5728 \u4e0b \u5217 \u60c5 \u51b5 \u53d1 \u751f \ufe30 <\/font><\/div>\n
 <\/font><\/div>\n
–         <\/span>\u67d0 \u5173 \u8fde \u4eba \u58eb \u638c \u63e1 \u6709 \u5173 \u6d88 \u606f \u5e76 \u5229 \u7528 \u6709 \u5173 \u6d88 \u606f \u8fdb \u884c \u4ea4 \u6613 \u6216 \u4fc3 \u4f7f \u4ed6 \u4eba \u8fdb \u884c \u4ea4 \u6613 \uff1b \u6216 \u5728 \u660e \u77e5 \u67d0 \u4eba \u4f1a \u8fdb \u884c \u4ea4 \u6613 \u6216 \u4fc3 \u4f7f \u4ed6 \u4eba \u8fdb \u884c \u4ea4 \u6613 \u7684 \u60c5 \u51b5 \u4e0b \uff0c \u5411 \u8be5 \u4eba \u62ab \u9732 \u6709 \u5173 \u6d88 \u606f \uff1b \u53c8 \u6216 \u67d0 \u4eba \u81ea \u5173 \u8fde \u4eba \u58eb \u83b7 \u5f97 \u6709 \u5173 \u6d88 \u606f \u5e76 \u968f \u5373 \u7528 \u65bc \u4e0a \u8ff0 \u76ee \u7684 \uff1b <\/font><\/div>\n
 <\/font><\/div>\n
–         <\/span>\u5c31 \u6536 \u8d2d \u800c \u8a00 \uff0c \u53c2 \u4e0e \u8be5 \u9879 \u6536 \u8d2d \u7684 \u4eba \u58eb \u83b7 \u77e5 \u6536 \u8d2d \u6210 \u4e3a \u6709 \u5173 \u6d88 \u606f \uff0c \u5374 \u51fa \u65bc \u6536 \u8d2d \u4ee5 \u5916 \u7684 \u76ee \u7684 \uff0c \u5229 \u7528 \u6709 \u5173 \u6d88 \u606f \u8fdb \u884c \u4ea4 \u6613 \u6216 \u4fc3 \u4f7f \u4ed6 \u4eba \u8fdb \u884c \u4ea4 \u6613 \uff1b \u53c8 \u6216 \u5c31 \u6536 \u8d2d \u800c \u8a00 \uff0c \u83b7 \u77e5 \u6536 \u8d2d \u6210 \u4e3a \u6709 \u5173 \u6d88 \u606f \uff0c \u81ea \u53c2 \u4e0e \u8be5 \u9879 \u6536 \u8d2d \u7684 \u4eba \u58eb \u83b7 \u5f97 \u4e0a \u8ff0 \u6d88 \u606f \u5e76 \u968f \u5373 \u7528 \u65bc \u4e0a \u8ff0 \u76ee \u7684 \u3002 <\/font><\/div>\n
 <\/font><\/div>\n
 <\/font><\/div>\n
(2)         <\/span>\u6761 \u4f8b \u8d4b \u4e88 \u4e4b \u4e24 \u4e2a \u5b9a \u4e49 \ufe30 <\/font><\/div>\n
 <\/font><\/div>\n
–         <\/span>“ \u6709 \u5173 \u6d88 \u606f ” \u4e43 \u6307 \u4e0e \u67d0 \u516c \u53f8 \u3001 \u5176 \u80a1 \u4e1c \u6216 \u9ad8 \u7ea7 \u4eba \u5458 \u6216 \u5176 \u4e0a \u5e02 \u8bc1 \u5238 \u6709 \u5173 \uff0c \u800c \u5e76 \u975e \u4e3a \u60ef \u5e38 \u6216 \u53ef \u80fd \u4f1a \u4e70 \u5356 \u5176 \u4e0a \u5e02 \u8bc1 \u5238 \u7684 \u4eba \u58eb \u6240 \u77e5 \u7684 \u7279 \u522b \u6d88 \u606f \uff1b \u4f46 \u5982 \u679c \u8be5 \u7279 \u522b \u6d88 \u606f \u4e00 \u65e6 \u666e \u904d \u4e3a \u4ed6 \u4eec \u6240 \u77e5 \uff0c \u5219 \u53ef \u80fd \u4f1a \u5bf9 \u4e0a \u8ff0 \u8bc1 \u5238 \u7684 \u4ef7 \u683c \u9020 \u6210 \u91cd \u5927 \u5f71 \u54cd \u3002 <\/font><\/div>\n
 <\/font><\/div>\n
–         <\/span>“ \u5173 \u8fde \u4eba \u58eb ” \u5219 \u662f \u6307 \u67d0 \u516c \u53f8 \u53ca \u5176 \u6709 \u8fde \u7cfb \u673a \u6784 \u7684 \u8463 \u4e8b \u3001 \u96c7 \u5458 \u6216 \u5927 \u80a1 \u4e1c \ufe5d \u5c31 \u5185 \u5e55 \u4ea4 \u6613 \u800c \u8a00 \uff0c \u6301 \u6709 \u80a1 \u4efd \u9762 \u503c \u81f3 \u5c11 5%\ufe5e \uff1b \u56e0 \u4e3a \u4e0e \u8be5 \u516c \u53f8 \u6216 \u6709 \u8fde \u7cfb \u673a \u6784 \u5b58 \u5728 \u4e13 \u4e1a \u6216 \u4e1a \u52a1 \u5173 \u7cfb \u800c \u63a5 \u89e6 \u5230 \u6709 \u5173 \u6d88 \u606f \u7684 \u4eba \u58eb \uff1b \u53ca \u5982 \u6709 \u5173 \u6d88 \u606f \u4e0e \u8be5 \u516c \u53f8 \u548c \u53e6 \u4e00 \u516c \u53f8 \u7684 \u4ea4 \u6613 \u6709 \u8054 \u7cfb \uff0c \u5219 \u6307 \u53e6 \u4e00 \u6cd5 \u56e2 \u7684 \u5173 \u8fde \u4eba \u58eb \u3002 <\/font><\/div>\n
 <\/font><\/div>\n
(3)         <\/span>\u53ef \u80fd \u4e4b \u7b54 \u8fa9 \ufe30 <\/font><\/div>\n
 <\/font><\/div>\n
–         <\/span>\u5185 \u5e55 \u4ea4 \u6613 \u4e0d \u662f \u4ee5 \u83b7 \u5229 \u6216 \u907f \u514d \u4e8f \u635f \u4e3a \u76ee \u7684 \uff1b <\/font><\/div>\n
 <\/font><\/div>\n
–         <\/span>\u5185 \u5e55 \u4ea4 \u6613 \u8005 \u662f \u4ee5 \u4ee3 \u7406 \u4eba \u8eab \u5206 \u884c \u4e8b \uff0c \u5e76 \u65e0 \u62e3 \u9009 \u4e0a \u5e02 \u8bc1 \u5238 \u6216 \u884d \u751f \u5de5 \u5177 \uff0c \u6216 \u5c31 \u62e3 \u9009 \u4e0a \u5e02 \u8bc1 \u5238 \u6216 \u884d \u751f \u5de5 \u5177 \u63d0 \u4f9b \u610f \u89c1 \uff0c \u4e14 \u4e0d \u77e5 \u9053 \u5176 \u59d4 \u6258 \u4eba \u662f \u5173 \u8fde \u4eba \u58eb \u6216 \u638c \u63e1 \u6709 \u5173 \u6d88 \u606f \uff1b <\/font><\/div>\n
 <\/font><\/div>\n
–         <\/span>\u8be5 \u4ea4 \u6613 \u5c5e \u65bc \u4e00 \u9879 \u5e02 \u573a \u5408 \u7ea6 \uff1b <\/font><\/div>\n
 <\/font><\/div>\n
–         <\/span>\u5728 \u4ecb \u7ecd \u67d0 \u4eba \u4e0e \u5927 \u80a1 \u4e1c \u8fdb \u884c \u4ea4 \u6613 \u65f6 \uff0c \u8be5 \u4eba \u77e5 \u9053 \u6216 \u7406 \u5e94 \u77e5 \u9053 \u4ea4 \u6613 \u7684 \u5bf9 \u65b9 \u662f \u5927 \u80a1 \u4e1c \uff1b \u53ca <\/font><\/div>\n
 <\/font><\/div>\n
\u67d0 \u4eba \u53ea \u77e5 \u6089 \u672c \u8eab \u7684 \u4ea4 \u6613 \u6d3b \u52a8 \u800c \u8be5 \u7b49 \u6d3b \u52a8 \u662f \u4e3a \u4e86 \u4fc3 \u6210 \u5176 \u4ed6 \u4ea4 \u6613 \ufe5d \u4f8b \u5982 \ufe30 \u7ecf \u7eaa \u534f \u52a9 \u67d0 \u4eba \u529e \u7406 \u6536 \u8d2d \u4e8b \u5b9c \uff0c \u800c \u5546 \u4eba \u94f6 \u884c \u4e3a \u8be5 \u6d3b \u52a8 \u5bf9 \u51b2 \u98ce \u9669 \ufe5e \u3002 <\/font><\/div>\n
 <\/font><\/div>\n
 <\/font><\/div>\n
 <\/font><\/div>\n
\u6700 \u8fd1 \u672c \u5730 \u80a1 \u5e02 \u4ea6 \u7545 \u65fa \uff0c \u6295 \u8eab \u80a1 \u575b \u8005 \u4e0d \u80dc \u5176 \u6570 \uff0c \u7b14 \u8005 \u5e0c \u671b \u6295 \u8d44 \u8005 \u5207 \u52ff \u8bef \u4fe1 \u670b \u53cb \u4e4b \u6240 \u8c13 \u72ec \u5bb6 \u6d88 \u606f \u800c \u8fdb \u884c \u80a1 \u7968 \u4e70 \u5356 \uff0c \u4ee5 \u514d \u5815 \u5165 “ \u5185 \u5e55 \u4ea4 \u6613 ” \u884c \u5f84 \u800c \u906d \u76d1 \u7ba1 \u673a \u6784 \u67e5 \u95ee \uff0c \u751a \u6216 \u8d77 \u8bc9 \u3002<\/font><\/div>\n
 <\/font><\/div>\n<\/p>\n<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

...<\/p>\n","protected":false},"author":10173,"featured_media":806467,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[920125],"tags":[],"new_properties":[],"class_list":["post-506467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-920125"],"acf":[],"aioseo_notices":[],"lang":"cn","translations":{"cn":506467,"zh":6467},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.house730.com\/news\/wp-json\/wp\/v2\/posts\/506467"}],"collection":[{"href":"https:\/\/www.house730.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.house730.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.house730.com\/news\/wp-json\/wp\/v2\/users\/10173"}],"replies":[{"embeddable":true,"href":"https:\/\/www.house730.com\/news\/wp-json\/wp\/v2\/comments?post=506467"}],"version-history":[{"count":0,"href":"https:\/\/www.house730.com\/news\/wp-json\/wp\/v2\/posts\/506467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.house730.com\/news\/wp-json\/wp\/v2\/media\/806467"}],"wp:attachment":[{"href":"https:\/\/www.house730.com\/news\/wp-json\/wp\/v2\/media?parent=506467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.house730.com\/news\/wp-json\/wp\/v2\/categories?post=506467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.house730.com\/news\/wp-json\/wp\/v2\/tags?post=506467"},{"taxonomy":"new_properties","embeddable":true,"href":"https:\/\/www.house730.com\/news\/wp-json\/wp\/v2\/new_properties?post=506467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}