{"id":53720,"date":"2016-02-12T10:21:00","date_gmt":"2016-02-12T10:21:00","guid":{"rendered":"http:\/\/127.0.0.1:10081\/?p=53720 "},"modified":"2016-02-12T10:21:00","modified_gmt":"2016-02-12T10:21:00","slug":"53720-revision-v1","status":"publish","type":"post","link":"https:\/\/minzhuzhongguo.org\/?p=53720","title":{"rendered":"\u4e2d\u56fd\u94f6\u884c\u4e1a\u5371\u673a\u89c4\u6a21\u5c06\u662f\u7f8e\u56fd\u6b21\u8d37\u5371\u673a5\u500d"},"content":{"rendered":"
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 <\/div>   Hayman Capital Management\u521b\u59cb\u4eba\u3001\u8457\u540d\u5bf9\u51b2\u57fa\u91d1\u7ecf\u7406Kyle Bass\u66fe\u7ecf\u51c6\u786e\u9884\u8a002007\u5e74\u7684\u7f8e\u56fd\u6b21\u8d37\u5371\u673a\uff0c\u5e76\u56e0\u6b64\u505a\u7a7a\u6b21\u8d37\u83b7\u5229\u3002\u4ed6\u8fd8\u6210\u529f\u9884\u6d4b\u4e86\u65e5\u672c\u7684\u94f6\u884c\u4e1a\u95ee\u9898\u53ca\u6b64\u540e\u65e5\u672c\u592e\u884c\u5927\u80c6\u7684\u8d27\u5e01\u5bbd\u677e\u3002Kyle Bass\u672c\u5468\u4e09\u5728\u81f4\u6295\u8d44\u8005\u7684\u4fe1\u4e2d\u8b66\u544a\uff0c\u4e2d\u56fd\u5c06\u7206\u53d1\u94f6\u884c\u4e1a\u5371\u673a\uff0c\u5c31\u9677\u5165\u5371\u673a\u7684\u8d44\u4ea7\u89c4\u6a21\u800c\u8a00\uff0c\u89c4\u6a21\u5c06\u662f\u7f8e\u56fd\u6b21\u8d37\u5371\u673a5\u500d\uff0c“\u7c7b\u4f3c\u4e8e\u7f8e\u56fd\u94f6\u884c\u4f53\u7cfb\u5e94\u5bf9\u5168\u7403\u91d1\u878d\u5371\u673a\u7684\u65b9\u6cd5\uff0c\u4e2d\u56fd\u7684\u94f6\u884c\u4f53\u7cfb\u5df2\u8d8a\u6765\u8d8a\u591a\u5730\u8ffd\u6c42\u8fc7\u5ea6\u6760\u6746\u5316\u3001\u76d1\u7ba1\u5957\u5229\u548c\u4e0d\u8d1f\u8d23\u4efb\u7684\u5192\u9669\u884c\u4e3a\u3002”<\/span>
    <\/span>
    Bass\u6307\u51fa\uff0c\u8fc7\u53bb10\u591a\u5e74\u6765\uff0c\u4e2d\u56fd\u7684\u94f6\u884c\u4f53\u7cfb\u8d44\u4ea7\u5df2\u589e\u81f334.5\u4e07\u4ebf\u7f8e\u5143\uff0c\u4ece\u4e4b\u524d\u76843\u4e07\u4ebf\u7f8e\u5143\u5927\u5e45\u589e\u957f\u3002\u5982\u679c\u4e2d\u56fd\u7684\u94f6\u884c\u4f53\u7cfb\u5931\u53bb10%\u7684\u8d44\u4ea7\uff0c\u4e2d\u56fd\u7684\u94f6\u884c\u5c06\u5931\u53bb\u5927\u7ea63.5\u4e07\u4ebf\u7f8e\u5143\u7684\u80a1\u6743\u3002\u4ece\u5386\u53f2\u4e0a\u770b\uff0c\u5728\u4e0d\u826f\u8d37\u6b3e\u5468\u671f\u4e2d\u4e2d\u56fd\u94f6\u884c\u5931\u53bb\u7684\u8d44\u4ea7\u8fdc\u8fdc\u8d85\u8fc710%\uff0c\u56e0\u6b64\u4e2d\u56fd\u94f6\u884c\u5c06\u8fce\u6765\u5de8\u989d\u7684\u80a1\u6743\u635f\u5931\u3002<\/span>
    <\/span>
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    <\/span>
    Bass\u9884\u671f\uff0c\u4e2d\u56fd\u94f6\u884c\u4e1a\u4e00\u65e6\u518d\u5ea6\u906d\u9047\u5de8\u5927\u635f\u5931\uff0c\u4eba\u6c11\u5e01\u5151\u7f8e\u5143\u53ef\u80fd\u4f1a\u5931\u53bb\u4e09\u5206\u4e4b\u4e00\u7684\u4ef7\u503c, \u5c06\u8feb\u4f7f\u4e2d\u56fd\u653f\u5e9c\u548c\u592e\u884c\u901a\u8fc7\u589e\u53d1\u4eba\u6c11\u5e01\u6765\u8fdb\u884c\u5bf9\u51b2\uff0c\u4e3a\u6b64\u4e2d\u56fd\u5c06\u6709\u53ef\u80fd\u4e0d\u5f97\u4e0d\u52a0\u5370\u4ef7\u503c10\u4e07\u4ebf\u7f8e\u5143\u7684\u4eba\u6c11\u5e01\u3002\u7531\u6b64\u5bfc\u81f4\u7684\u540e\u679c\u4fbf\u662f\u4e25\u91cd\u7684\u901a\u8d27\u81a8\u80c0\u548c\u4eba\u6c11\u5e01\u8d2c\u503c\u4e00\u540c\u6765\u88ad\u7684\u98ce\u9669\u3002<\/span>
    <\/span>
    Bass\u7684\u4fe1\u4e2d\u79f0\uff1a“\u6211\u4eec\u6b63\u5728\u89c1\u8bc1\u7684\u662f\u4e16\u754c\u4e0a\u6700\u5927\u7684\u5b8f\u89c2\u7ecf\u6d4e\u5931\u8861\u7684\u91cd\u7f6e\u3002\u4e2d\u56fd\u9762\u4e34\u7684\u95ee\u9898\u6ca1\u6709\u5148\u4f8b···\u4ed6\u4eec\u662f\u5982\u6b64\u5de8\u5927, \u4ee5\u81f3\u4e8e\u4e2d\u56fd\u653f\u5e9c\u9700\u62fc\u5c3d\u5168\u529b\u6765\u7ea0\u6b63\u5931\u8861\u3002”<\/span>
    <\/span>
    Bass\u8fd8\u5ba3\u79f0, \u4e2d\u56fd\u7684\u5916\u6c47\u50a8\u5907\u6bd4\u663e\u793a\u7684\u8981\u5c11\u5f88\u591a\u3002\u8fd9\u662f\u56e0\u4e3a\u4e2d\u56fd3.2\u4e07\u4ebf\u7f8e\u5143\u7684\u5916\u6c47\u7684\u4e00\u5927\u90e8\u5206\u662f\u7ed1\u5728\u5176\u4ed6\u4ea7\u54c1\u6216\u5df2\u501f\u51fa, \u8fd9\u610f\u5473\u7740\u5b83\u4e0d\u662f\u53ef\u4ee5\u7acb\u5373\u4f7f\u7528\u3002\u6700\u7ec8, \u4e2d\u592e\u94f6\u884c\u53ef\u652f\u914d\u7684\u5927\u7ea6\u53ea\u67092.2\u4e07\u4ebf\u7f8e\u5143\u3002\u8fd9\u70b9\u5f88\u91cd\u8981\uff0c\u56e0\u4e3a\u4e2d\u592e\u94f6\u884c\u6700\u8fd1\u4e00\u76f4\u4ee5\u6bcf\u6708\u7ea61000\u4ebf\u7f8e\u5143\u7684\u901f\u5ea6\u652f\u51fa\u5176\u5916\u6c47\u50a8\u5907\uff0c\u5f88\u5927\u7a0b\u5ea6\u662f\u4e3a\u4e86\u652f\u6491\u4eba\u6c11\u5e01\u7684\u4ef7\u503c\u3002\u5047\u5982\u4eba\u6c11\u5e01\u8d2c\u503c\uff0c\u4f01\u4e1a\u9884\u8ba1\u5c06\u628a\u73b0\u91d1\u9000\u51fa\u4e2d\u56fd, \u53cd\u8fc7\u6765\u8fdb\u4e00\u6b65\u4f7f\u4eba\u6c11\u5e01\u8d2c\u503c, \u9020\u6210\u4e00\u4e2a\u6076\u6027\u7684\u81ea\u7531\u843d\u4f53\u3002<\/span>
    <\/span>
    \u5373\u4f7f\u67093.2\u4e07\u4ebf\u7f8e\u5143\u7684\u8d44\u91d1, \u8fd9\u6837\u7684\u652f\u51fa\u4e0d\u80fd\u6c38\u8fdc\u6301\u7eed\u4e0b\u53bb\u3002\u4f46\u56e0\u4e09\u5206\u4e4b\u4e00\u7684\u5916\u6c47\u50a8\u5907\u88ab\u5360\u7528\u6216\u9065\u4e0d\u53ef\u53ca, Bass\u8ba4\u4e3a, \u592e\u884c\u4e0d\u80fd\u518d\u4ee5\u8fd9\u79cd\u65b9\u5f0f\u652f\u6301\u7ecf\u6d4e\u7684\u65f6\u95f4\u5c06\u66f4\u65e9\u5230\u6765\u3002<\/span>
 <\/div>","protected":false},"excerpt":{"rendered":"

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