{"id":208761,"date":"2024-03-06T11:15:50","date_gmt":"2024-03-06T03:15:50","guid":{"rendered":"https:\/\/www.hkubs.hku.hk\/?p=208761&#038;post_type=thought-leadership&#038;preview_id=208761"},"modified":"2024-03-06T11:15:50","modified_gmt":"2024-03-06T03:15:50","slug":"%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3","status":"publish","type":"thought-leadership","link":"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/hkej-column\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\/","title":{"rendered":"\u91cd\u6574\u9999\u6e2f\u7e3d\u90e8\u7d93\u6fdf\u7b56\u7565"},"content":{"rendered":"<p>\u5728\u4e9e\u6d32\uff0c\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u7684\u7e3d\u90e8\u7d93\u6fdf\u767c\u5c55\u5c24\u70ba\u51fa\u8272\u3002\u4e0a\u6d77\u5229\u7528\u5176\u5728\u88fd\u9020\u696d\u3001\u79d1\u6280\u548c\u7269\u6d41\u65b9\u9762\u7684\u512a\u52e2\uff0c\u5438\u5f15\u5982\u7f8e\u570b\u7279\u65af\u62c9\uff08Tesla\uff09\u3001\u5fb7\u570b\u535a\u4e16\uff08Bosch\uff09\u3001\u65e5\u672c\u4e09\u4e95\u4f4f\u53cb\u9280\u884c\uff08Sumitomo Mitsui Banking Corporation\uff09\u3001\u82f1\u570b\u963f\u65af\u5229\u5eb7\uff08AstraZeneca\uff09\u7b49\u570b\u969b\u696d\u754c\u9f8d\u982d\u5728\u7576\u5730\u5efa\u7acb\u7e3d\u90e8\u3002\u65b0\u52a0\u5761\u5247\u7a4d\u6975\u5be6\u884c\u4eba\u624d\u65b0\u653f\u548c\u5275\u65b0\uff0c\u4ee5\u9a45\u52d5\u767c\u5c55\u3002<\/p>\n<p>\u9999\u6e2f\u64c1\u6709\u7a69\u5065\u7684\u6cd5\u6cbb\u548c\u71df\u5546\u74b0\u5883\uff0c\u80cc\u976014\u5104\u4eba\u53e3\u7684\u5167\u5730\u5e02\u5834\uff0c\u662f\u4e2d\u570b\u9762\u5411\u4e16\u754c\u7684\u91cd\u8981\u9580\u6236\uff0c\u7406\u61c9\u4f54\u8de8\u570b\u4f01\u696d\u7e3d\u90e8\u9032\u99d0\u4e4b\u5229\uff1b\u4f46\u6839\u64da\u5f6d\u535a\u884c\u696d\u7814\u7a76\uff08Bloomberg Intelligence\uff09\uff0c\u622a\u81f32023\u5e74\uff0c\u9999\u6e2f\u64c1\u6709\u4f01\u696d\u7e3d\u90e81336\u5bb6\uff0c\u53ea\u53ca\u65b0\u52a0\u5761\u7d044200\u5bb6\u7684\u4e09\u6210\u3002<\/p>\n<p>\u672c\u6587\u5c07\u805a\u7126\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u5728\u7e3d\u90e8\u7d93\u6fdf\u4e00\u74b0\u7684\u5148\u9032\u7d93\u9a57\u53ca\u76f8\u95dc\u653f\u7b56\uff0c\u70ba\u9999\u6e2f\u5faa\u6b64\u4e00\u65b9\u5411\u7684\u767c\u5c55\u63a2\u7d22\u51fa\u8def\u3002<\/p>\n<h5>\u4e0a\u6d77\uff1a\u91cd\u9ede\u7522\u696d\u93c8\u300c\u672c\u571f\u4e00\u9ad4\u5316\u300d<\/h5>\n<p>\u4f4d\u65bc\u4e0a\u6d77\u6771\u5357\u90e8\u7684\u81e8\u6e2f\u65b0\u7247\u5340\uff0c\u64c1\u6709\u7368\u7279\u7684\u7d9c\u5408\u5340\u4f4d\u512a\u52e2\uff0c\u901a\u904e\u5236\u5ea6\u5275\u65b0\u8ce6\u80fd\u79d1\u6280\u5275\u65b0\uff0c\u96c6\u4e2d\u767c\u5c55\u5148\u9032\u88fd\u9020\u696d\u548c\u7b56\u7565\u6027\u7522\u696d\uff0c\u5982\u7a4d\u9ad4\u96fb\u8def\u3001\u4eba\u5de5\u667a\u80fd\u3001\u65b0\u80fd\u6e90\u7b49\uff0c\u4e26\u5c0d\u7814\u767c\u3001\u88fd\u9020\u3001\u7a05\u9805\u3001\u4eba\u624d\u7d66\u4e88\u591a\u7dad\u5ea6\u653f\u7b56\u7d44\u5408\u6276\u6301\uff0c\u7279\u65af\u62c9\u548c\u4e2d\u82af\u570b\u969b\u7b49\u591a\u500b\u9f8d\u982d\u4f01\u696d\u5f62\u6210\u7684\u96c6\u805a\u6548\u61c9\uff0c\u5438\u5f15\u4e86200\u591a\u5bb6\u7522\u696d\u93c8\u914d\u5957\u4f01\u696d\u9032\u99d0\u3002<\/p>\n<p>\u8209\u4f8b\u4f86\u8aaa\uff0c\u4e0a\u6d77\u5e02\u653f\u5e9c\u8207\u7279\u65af\u62c9\u57282018\u5e74\u7c3d\u8a02\u571f\u5730\u51fa\u8b93\u5408\u540c\uff0c\u4ee5\u6bcf\u65b9\u7c731125\u5143\uff08\u4eba\u6c11\u5e63\uff0e\u4e0b\u540c\uff09\u7684\u50f9\u683c\u5411\u7279\u65af\u62c9\u63d0\u4f9b\u81e8\u6e2f\u7247\u53401297\u755d\u571f\u5730\u3002\u6b64\u5916\uff0c\u4e0a\u6d77\u76f8\u95dc\u90e8\u9580\u6309\u7167\u670d\u52d9\u91cd\u5927\u9805\u76ee\u7684\u4e00\u8cab\u505a\u6cd5\uff0c\u70ba\u7279\u65af\u62c9\u5236\u5b9a\u670d\u52d9\u6e05\u55ae\uff0c\u5f9e\u7c3d\u8a02\u6295\u8cc7\u5354\u8b70\u5230\u571f\u5730\u6458\u724c\uff0c\u7279\u65af\u62c9\u9805\u76ee\u5f97\u4ee5\u52a0\u5feb\u843d\u5730\uff0c\u524d\u5f8c\u50c5\u97003\u500b\u6708\u3002\u81e8\u6e2f\u65b0\u7247\u5340\u5177\u6709\u570b\u969b\u7af6\u722d\u529b\u7684\u7a05\u6536\u5236\u5ea6\u548c\u653f\u7b56\uff0c\u5305\u62ec\u91cd\u9ede\u7522\u696d15%\u4f01\u696d\u6240\u5f97\u7a05\u512a\u60e0\uff0c\u7279\u65af\u62c9\u5c31\u662f\u9996\u6279\u4eab\u53d7\u6b64\u9805\u512a\u60e0\u7684\u4f01\u696d\u4e4b\u4e00\u3002<\/p>\n<p>\u6b64\u5916\uff0c\u7279\u65af\u62c9\u5728\u4e0a\u6d77\u5efa\u5ee0\u7684\u8cc7\u91d1\u4f86\u81ea\u4e2d\u570b\u672c\u571f\u878d\u8cc7\uff0c\u5305\u62ec\u9280\u884c\u8cb8\u6b3e\u53ca\u5730\u65b9\u50b5\u52d9\uff0c\u6bcb\u9808\u8b8a\u8ce3\u80a1\u7968\u7c4c\u8cc7\u3002\u540c\u5e74\u5e74\u5e95\uff0c\u7279\u65af\u62c9\u4ee5\u5de5\u5ee0\u548c\u571f\u5730\u70ba\u62b5\u62bc\uff0c\u4f4e\u606f\u7372\u5f97\u9ad8\u905490\u5104\u5143\u7684\u9280\u884c\u8cb8\u6b3e\u3002\u7279\u65af\u62c9\u4ea6\u5229\u7528\u4e00\u7b4622.5\u5104\u5143\u7684\u7121\u64d4\u4fdd\u5468\u8f49\u91d1\u8cb8\u6b3e\u65bc\u5efa\u9020\u5de5\u5ee0\uff0c\u4ee5\u53ca\u52d5\u7528\u90e8\u5206\u8cb8\u6b3e\u4ee5\u652f\u4ed83.5\u5104\u5143\u8ca0\u50b5\u3002<\/p>\n<p>\u91cd\u9ede\u7522\u696d\u93c8\u548c\u7814\u767c\u6a5f\u69cb\u96c6\u805a\uff0c\u70ba\u4f01\u696d\u63d0\u4f9b\u8c50\u5bcc\u7684\u5275\u65b0\u751f\u614b\u7cfb\u7d71\u3002\u81e8\u6e2f\u65b0\u7247\u5340\u96c6\u805a\u4e86\u5bf6\u99ac\u3001\u5927\u773e\u3001\u4e0a\u6c7d\u7b49\u77e5\u540d\u6c7d\u8eca\u54c1\u724c\uff0c\u4ee5\u53ca\u5be7\u5fb7\u6642\u4ee3\u3001\u9577\u76c8\u7cbe\u5bc6\u548c\u5747\u52dd\u96fb\u5b50\u7b49\u4f9b\u61c9\u5546\u3002\u7814\u7a76\u6a5f\u69cb\u3001\u79d1\u6280\u516c\u53f8\u548c\u65b0\u5275\u4f01\u696d\u7d44\u6210\u5275\u65b0\u751f\u614b\u7cfb\u7d71\uff0c\u5e36\u52d5\u4e86\u65b0\u80fd\u6e90\u6c7d\u8eca\u7522\u696d\u7684\u5408\u4f5c\uff0c\u5b8c\u5584\u7684\u914d\u5957\u7522\u696d\u93c8\u4e5f\u6975\u5927\u964d\u4f4e\u4e86\u7279\u65af\u62c9\u7684\u5275\u65b0\u6210\u672c\u548c\u8cbf\u6613\u904b\u8f38\u6210\u672c\u3002\u65b0\u7247\u5340\u9084\u64c1\u6709\u5927\u91cf\u5177\u6c7d\u8eca\u884c\u696d\u7d93\u9a57\u7684\u5de5\u7a0b\u5e2b\u548c\u6280\u8853\u4eba\u54e1\uff0c\u70ba\u7279\u65af\u62c9\u63d0\u4f9b\u4e86\u5168\u7522\u696d\u93c8\u7684\u4eba\u624d\u5132\u5099\u3002<\/p>\n<p>\u7279\u65af\u62c9\u8d85\u7d1a\u5de5\u5ee0\u5c0d\u4e0a\u6d77\u7684\u6c7d\u8eca\u7522\u696d\u548c\u6574\u9ad4\u7d93\u6fdf\u7522\u751f\u4e86\u91cd\u5927\u5f71\u97ff\uff0c2023\u5e74\uff0c\u8a72\u5ee0\u7d2f\u8a08\u4ea4\u4ed8\u91cf\u9054\u523094.7\u842c\u8f1b\uff0c\u4f54\u8a72\u54c1\u724c\u5168\u7403\u7522\u80fd\u903e50%\uff0c\u5354\u52a9\u65b0\u80fd\u6e90\u6c7d\u8eca\u7522\u696d\u767c\u5c55\u6210\u70ba\u81e8\u6e2f\u65b0\u7247\u5340\u7d93\u6fdf\u898f\u6a21\u6700\u5927\u7684\u7522\u696d\uff0c\u6c7d\u8eca\u7522\u696d\u7522\u503c\u5f9e2019\u5e74\u7684314\u5104\u5143\uff0c\u589e\u52a0\u81f32022\u5e74\u76842413\u5104\u5143\u3002\u8d85\u7d1a\u5de5\u5ee0\u96f6\u90e8\u4ef6\u672c\u571f\u5316\u7387\u8d85\u904e95%\uff0c\u63a8\u52d5\u4f9b\u61c9\u93c8\u5925\u4f34\u7684\u5347\u7d1a\u8f49\u578b\uff0c\u5275\u9020\u4e86\u5927\u91cf\u9ad8\u6536\u5165\u53ca\u6280\u8853\u8077\u4f4d\uff0c\u4e26\u52a0\u901f\u6280\u8853\u8f49\u79fb\u548c\u5275\u65b0\u3002<\/p>\n<h5>\u65b0\u52a0\u5761\uff1a\u5438\u5f15TikTok\u9032\u99d0\u8981\u8a23<\/h5>\n<p>2019\u5e74\uff0cTikTok\u70ba\u64f4\u5c55\u5168\u7403\u696d\u52d9\uff0c\u9078\u5740\u65b0\u52a0\u5761\u4f5c\u70ba\u7e3d\u90e8\uff0c\u5176\u80cc\u5f8c\u539f\u56e0\u4e5f\u503c\u5f97\u9999\u6e2f\u501f\u9451\u3002<\/p>\n<p>\u65b0\u52a0\u5761\u653f\u5e9c\u70ba\u81f4\u529b\u6253\u9020\u8de8\u570b\u516c\u53f8\u5168\u7403\u7e3d\u90e8\u548c\u7814\u767c\u4e2d\u5fc3\uff0c\u8fd1\u5e74\u63a8\u51fa\u591a\u7a2e\u7a05\u52d9\u512a\u60e0\uff0c\u4f01\u696d\u6240\u5f97\u7a05\u4ecb\u4e4e0%\u81f317%\u4e4b\u9593\u3002\u7e3d\u90e8\u4f01\u696d\u5728\u7279\u5b9a\u6642\u671f\u5167\u53ef\u4eab\u514d\u7a05\u30015%\u621610%\u7684\u512a\u60e0\u7a05\u7387\uff1b\u516c\u53f8\u7684\u7814\u767c\u8cbb\u7528\u3001\u77e5\u8b58\u7522\u6b0a\u6536\u5165\u7b49\u53ef\u4eab\u9ad8\u9054100%\u7684\u7a05\u52d9\u62b5\u6263\u3002\u6b64\u5916\uff0c\u65b0\u52a0\u5761\u548c50\u591a\u500b\u570b\u5bb6\u548c\u5730\u5340\u7c3d\u7f72\u7684\u907f\u514d\u96d9\u91cd\u5fb5\u7a05\u5354\u5b9a\uff0c\u9032\u4e00\u6b65\u964d\u4f4e\u8a2d\u7acbTikTok\u4e9e\u6d32\u7e3d\u90e8\u7684\u6210\u672c\u3002\u9664\u4e86TikTok\u5916\uff0cZoom\u3001Sea Group\u53caSHEIN\u4e5f\u7d1b\u7d1b\u5728\u8a72\u570b\u8a2d\u7acb\u5730\u5340\u7e3d\u90e8\u3002<\/p>\n<p>\u5927\u91cf\u7684\u79d1\u7814\u6295\u5165\u548c\u9ad8\u7aef\u6280\u80fd\u4eba\u624d\u5eab\uff0c\u70ba\u65b0\u52a0\u5761\u7684\u9ad8\u65b0\u6280\u8853\u7522\u696d\u53ca\u73fe\u4ee3\u670d\u52d9\u696d\u5960\u5b9a\u4e86\u5805\u5be6\u57fa\u790e\u30022020\u5e74\u5e95\uff0c\u65b0\u52a0\u5761\u653f\u5e9c\u5ba3\u5e03\u5728\u4e0b\u500b5\u5e74\u63a8\u52d5\u300c\u7814\u7a76\u3001\u5275\u65b0\u8207\u4f01\u696d2025\u8a08\u5283\u300d\uff0c\u6bcf\u5e74\u628a\u672c\u5730\u751f\u7522\u7e3d\u503c\u76841%\u6295\u5165\u79d1\u7814\u5275\u65b0\uff0c\u7e3d\u8a08250\u5104\u65b0\u52a0\u5761\u5143\uff08\u7d041456\u5104\u6e2f\u5143\uff09\uff0c\u4e26\u70ba\u5404\u985e\u4f01\u696d\u7684\u79d1\u6280\u5275\u65b0\u9053\u8def\u63d0\u4f9b\u91dd\u5c0d\u6027\u652f\u6301\u3002<\/p>\n<p>\u65b0\u52a0\u5761\u7684\u5927\u5b78\u4e5f\u5728\u6e90\u6e90\u4e0d\u7d55\u5730\u57f9\u990a\u79d1\u6280\u4eba\u624d\uff0c\u5c08\u6ce8\u65bc\u79d1\u5b78\u3001\u79d1\u6280\u3001\u5de5\u7a0b\u3001\u6578\u5b78\uff08STEM\uff09\u7b49\u5b78\u79d1\u3002\u7576\u5730\u653f\u5e9c\u901a\u904e\u5c31\u696d\u6e96\u8b49\u5236\u5ea6\u5927\u529b\u5f15\u9032\u9ad8\u7aef\u4eba\u624d\u548c\u7dca\u7f3a\u4eba\u624d\u3002\u53e6\u5916\uff0c\u65b0\u52a0\u5761\u512a\u8d8a\u7684\u4f4f\u623f\u5236\u5ea6\u548c\u884c\u4e4b\u6709\u6548\u7684\u516c\u7a4d\u91d1\u5236\u5ea6\uff0c\u5747\u70ba\u4eba\u624d\u7684\u5438\u5f15\u548c\u4fdd\u7559\u63d0\u4f9b\u4e86\u6975\u5927\u4fbf\u5229\u3002<\/p>\n<p>\u9999\u6e2f\u548c\u65b0\u52a0\u5761\u540c\u6a23\u64c1\u6709\u4e16\u754c\u898b\u7a31\u7684\u9ad8\u6548\u653f\u5e9c\u3001\u512a\u8cea\u7684\u6a5f\u5834\u548c\u6e2f\u53e3\u7b49\u57fa\u790e\u8a2d\u65bd\uff0c\u4f46\u5728\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\u4e0a\uff0c\u9999\u6e2f\u9808\u6025\u8d77\u76f4\u8ffd\u30022023\u5e74\uff0c\u65b0\u52a0\u5761\u63a8\u51fa\u6578\u78bc\u4e92\u806f\u4e92\u901a\u767c\u5c55\u85cd\u5716\uff0c\u5168\u9762\u898f\u5283\u6574\u500b\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\uff0c\u6db5\u84cb\u8edf\u786c\u57fa\u790e\u8a2d\u65bd\uff0c\u70baTikTok\u7b49\u79d1\u6280\u4f01\u696d\u7684\u672a\u4f86\u767c\u5c55\u63d0\u4f9b\u4e86\u8a98\u56e0\u3002\u6b64\u5916\uff0c\u70ba\u63a8\u52d5\u6578\u78bc\u7d93\u6fdf\u767c\u5c55\uff0c\u65b0\u52a0\u5761\u653f\u5e9c\u5be6\u65bd\u4e86\u4eba\u5de5\u667a\u80fd\u5c08\u5229\u512a\u5148\u8a08\u5283\uff0c\u5927\u5927\u7e2e\u77ed\u4e86\u5c08\u5229\u7372\u6279\u7684\u6642\u9593\uff0c\u5982\u963f\u91cc\u5df4\u5df4\u50c5\u75283\u500b\u6708\u4fbf\u7372\u6279\u4e86\u6b64\u524d\u81f3\u5c11\u9700\u5169\u5e74\u6642\u9593\u5be9\u6838\u7684\u4eba\u5de5\u667a\u80fd\u5c08\u5229\u3002<\/p>\n<h5><strong>\u9999\u6e2f\uff1a\u5b9c\u63a86\u62db\u5c55\u958b\u90e8\u7f72<\/strong><\/h5>\n<p>\u9762\u5c0d\u7576\u524d\u65e5\u76ca\u8907\u96dc\u7684\u4e16\u754c\u5730\u7de3\u653f\u6cbb\u7d93\u6fdf\u683c\u5c40\uff0c\u5168\u7403\u7522\u696d\u5206\u5de5\u683c\u5c40\u6b63\u5728\u9010\u6b65\u8abf\u6574\uff0c\u9999\u6e2f\u8981\u6210\u529f\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\uff0c\u5fc5\u9808\u61c9\u4ed8\u5404\u7a2e\u5404\u6a23\u7684\u6311\u6230\u3002\u501f\u9451\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\u7684\u6210\u529f\u7d93\u9a57\uff0c\u9999\u6e2f\u53ef\u4ee5\u8003\u616e\u63a8\u884c\u5982\u4e0b6\u9805\u653f\u7b56\u63aa\u65bd\uff1a<\/p>\n<p>1\u3001\u5c0d\u7e3d\u90e8\u7d93\u6fdf\u9032\u884c\u9577\u671f\u898f\u5283\uff1a\u53c3\u8003\u5167\u5730\u76845\u5e74\u898f\u5283\u548c\u65b0\u52a0\u5761\u7814\u7a76\u3001\u5275\u65b0\u8207\u4f01\u696d2025\u8a08\u5283\uff0c\u570d\u7e5e\u9999\u6e2f\u672a\u4f86\u7684\u767c\u5c55\u91cd\u5fc3\uff0c\u70ba\u7e3d\u90e8\u7d93\u6fdf\u767c\u5c55\u63d0\u4f9b\u7a69\u5b9a\u7684\u8cc7\u91d1\u652f\u6301\uff0c\u5c0d\u57fa\u790e\u79d1\u5b78\u7814\u767c\u3001\u77e5\u8b58\u8f49\u5316\u3001\u7522\u6b0a\u4fdd\u8b77\u7b49\u6d3b\u52d5\u9032\u884c\u6295\u8cc7\u5206\u914d\u3002\u4ee5\u672c\u5730\u7dca\u7f3a\u7684\u5c08\u696d\u8077\u4f4d\u7d66\u4e88\u7c3d\u8b49\u548c\u5c45\u7559\u6b0a\u5be9\u6279\u512a\u60e0\uff0c\u91dd\u5c0d\u6027\u5f15\u9032\u5168\u7403\u591a\u5143\u5316\u3001\u591a\u7a2e\u65cf\u4eba\u624d\u3002<\/p>\n<p>&nbsp;<\/p>\n<div>\n<p><a href=\"https:\/\/static.hkej.com\/hkej\/images\/2024\/02\/28\/3691851_b5997f3f113fdf0e2cc6cfb70f793f64.jpg\" title=\"\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\u6709\u52a9\u9999\u6e2f\u63a8\u52d5\u7d93\u6fdf\u8f49\u578b\uff0c\u4e26\u63d0\u5347\u5176\u570b\u969b\u91d1\u878d\u4e2d\u5fc3\u5730\u4f4d\u53ca\u7af6\u722d\u529b\u3002\uff08\u5f6d\u535a\u8cc7\u6599\u5716\u7247\uff09\" class=\"thickbox\"><img decoding=\"async\" src=\"https:\/\/static.hkej.com\/hkej\/images\/2024\/02\/28\/3691851_b5997f3f113fdf0e2cc6cfb70f793f64_620.jpg\" \/><\/a><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p>2\u3001\u767c\u5c55\u5168\u65b9\u4f4d\u5275\u65b0\u653f\u7b56\u9ad4\u7cfb\u8207\u670d\u52d9\u6a5f\u5236\uff1a\u5728\u5168\u7403\u6700\u4f4e\u7a05\u7387\u65b9\u6848\uff08\u4e00\u822c\u7a31\u70ba\u300cBEPS 2.0\u300d\uff09\u4e0b\uff0c\u50b3\u7d71\u7684\u7a05\u6536\u8ca1\u653f\u512a\u60e0\u653f\u7b56\u5df2\u7d93\u5f88\u96e3\u6253\u52d5\u512a\u52e2\u4f01\u696d\u4f86\u6e2f\u8a2d\u7acb\u7e3d\u90e8\u3002\u9999\u6e2f\u8981\u70ba\u91cd\u9ede\u7522\u696d\u95dc\u9375\u74b0\u7bc0\u7684\u4f01\u696d\u63d0\u4f9b\u91dd\u5c0d\u6027\u914d\u5957\u670d\u52d9\uff0c\u5f9e\u9805\u76ee\u7c3d\u7d04\u5230\u571f\u5730\u4f9b\u61c9\uff0c\u70ba\u6574\u500b\u6d41\u7a0b\u5236\u5b9a\u5c08\u9805\u670d\u52d9\u65b9\u6848\u3002\u4e0d\u59a8\u8a2d\u7acb\u5c08\u9580\u7684\u5c0d\u63a5\u90e8\u9580\uff0c\u4ee5\u5efa\u7acb\u7a69\u5b9a\u6709\u6548\u7684\u6e9d\u901a\u670d\u52d9\u6a5f\u5236\uff1b\u91dd\u5c0d\u512a\u52e2\u4f01\u696d\u7684\u95dc\u9375\u751f\u7522\u8981\u7d20\uff0c\u4e88\u4ee5\u512a\u5148\u914d\u7f6e\u3002<\/p>\n<p>3\u3001\u767c\u63ee\u9999\u6e2f\u91d1\u878d\u670d\u52d9\u696d\u512a\u52e2\uff0c\u63d0\u4f9b\u91dd\u5c0d\u6027\u548c\u591a\u6a23\u6027\u7684\u878d\u8cc7\u53ca\u8ca1\u653f\u88dc\u8cbc\uff1a\u4ee5\u7522\u696d\u6025\u9700\u7a0b\u5ea6\u548c\u50f9\u503c\u93c8\u4f4d\u7f6e\u9032\u884c\u5dee\u7570\u5316\u8abf\u6574\uff0c\u78ba\u4fdd\u653f\u7b56\u6548\u679c\u6700\u5927\u5316\uff0c\u964d\u4f4e\u4f01\u696d\u751f\u7522\u6210\u672c\u3002<\/p>\n<p>4\u3001\u901a\u904e\u5317\u90e8\u90fd\u6703\u5340\u5efa\u8a2d\uff0c\u52a0\u5f37\u9999\u6e2f\u9ad8\u7aef\u88fd\u9020\u696d\u57fa\u790e\uff1a\u5728\u57fa\u790e\u8a2d\u65bd\u65b9\u9762\uff0c\u901a\u904e\u5c0d\u63a5\u5927\u7063\u5340\u5404\u57ce\u5e02\u7684\u9ad8\u7aef\u88fd\u9020\u696d\uff0c\u5b8c\u5584\u5317\u90e8\u7522\u696d\u5712\u5340\u5efa\u8a2d\uff0c\u5305\u62ec\u4ea4\u901a\u7db2\u7d61\u548c\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\u7b49\uff0c\u5438\u5f15\u9ad8\u7aef\u88fd\u9020\u696d\u7684\u4e0a\u6e38\u53ca\u4e0b\u6e38\u7522\u696d\u9032\u99d0\u3002<\/p>\n<p>\u518d\u8005\uff0c\u5fc5\u9808\u6ce8\u91cd\u8207\u5927\u7063\u5340\u5176\u4ed6\u57ce\u5e02\u5206\u5de5\u5408\u4f5c\uff0c\u5c24\u5176\u662f\u501f\u529b\u6df1\u5733\u53ca\u6771\u839e\u7684\u9ad8\u7aef\u88fd\u9020\u696d\u7d93\u9a57\uff0c\u767c\u63ee\u672c\u6e2f\u7684\u4eba\u624d\u3001\u8cc7\u91d1\u53ca\u5236\u5ea6\u512a\u52e2\uff0c\u5438\u5f15\u5167\u5730\u548c\u6d77\u5916\u7684\u8de8\u570b\u4f01\u696d\u7e3d\u90e8\u843d\u6236\uff0c\u5206\u6563\u7814\u767c\u53ca\u88fd\u9020\u529f\u80fd\uff0c\u4e26\u52a0\u5f37\u9999\u6e2f\u8207\u5927\u7063\u5340\u5404\u57ce\u5e02\u7684\u7522\u696d\u96c6\u805a\u3002<\/p>\n<p>5\u3001\u5728\u5317\u90e8\u90fd\u6703\u5340\u8a2d\u7acb\u4e16\u754c\u53ca\u672c\u6e2f\u4e00\u6d41\u5927\u5b78\u7684\u5206\u6821\uff1a\u6191\u85c9\u9999\u6e2f\u7684\u9ad8\u7b49\u6559\u80b2\u5f37\u52e2\uff0c\u57f9\u8a13\u65b0\u4e00\u4ee3\u7e3d\u90e8\u7d93\u6fdf\u4eba\u624d\uff0c\u4e26\u5438\u5f15\u6d77\u5916\u5e74\u8f15\u4eba\u624d\u524d\u4f86\uff0c\u70ba\u9ad8\u7aef\u7814\u767c\u578b\u7522\u696d\u6253\u597d\u57fa\u790e\uff1b\u9084\u6709\u71df\u9020\u7522\u5b78\u7814\u4e92\u52d5\uff0c\u5e36\u52d5\u79d1\u7814\u5546\u54c1\u5316\u53ca\u77e5\u8b58\u8f49\u79fb\uff0c\u52a0\u5f37\u9999\u6e2f\u61c9\u7528\u79d1\u5b78\u7814\u7a76\u57fa\u790e\u3002<\/p>\n<p>6\u3001\u52a0\u5f37\u9999\u6e2f\u822a\u7a7a\u696d\u767c\u5c55\uff1a\u6253\u9020\u6210\u4e9e\u6d32\u822a\u7a7a\u6a1e\u7d10\uff0c\u6295\u8cc7\u57fa\u5efa\u4e4b\u9918\uff0c\u9084\u9808\u64f4\u5927\u5728\u6a5f\u5834\u4e0d\u540c\u90e8\u9580\u548c\u7a0b\u5e8f\u4e2d\u6578\u78bc\u79d1\u6280\u7684\u61c9\u7528\uff0c\u5305\u62ec\u904e\u95dc\u7a0b\u5e8f\uff1b\u540c\u6642\u61c9\u7a4d\u6975\u8207\u5176\u4ed6\u653f\u5e9c\u7c3d\u7f72\u96d9\u908a\u822a\u904b\u5354\u8b70\uff0c\u5728\u5ba2\u8ca8\u904b\u5169\u65b9\u9762\u589e\u5f37\u8207\u5404\u570b\uff0c\u7279\u5225\u662f\u6771\u76df\u53ca\u4e2d\u6771\u7b49\u7b56\u7565\u5925\u4f34\u7684\u806f\u901a\u6027\u3002<\/p>\n<p>\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\uff0c\u65e2\u53ef\u5e36\u4f86\u65b0\u7522\u696d\u548c\u9ad8\u589e\u503c\u7d93\u6fdf\u6d3b\u52d5\uff0c\u4ea6\u53ef\u5438\u5f15\u591a\u5143\u4eba\u624d\u53ca\u6295\u8cc7\u3002\u6b64\u8209\u6709\u52a9\u65bc\u9999\u6e2f\u63a8\u52d5\u7d93\u6fdf\u8f49\u578b\uff0c\u4e26\u63d0\u5347\u5176\u570b\u969b\u91d1\u878d\u4e2d\u5fc3\u5730\u4f4d\u53ca\u7af6\u722d\u529b\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u9127\u5e0c\u7152\u6559\u6388<\/p>\n<p>\u9999\u6e2f\u5927\u5b78\u7d93\u7ba1\u5b78\u9662\u526f\u9662\u9577\uff08\u5c0d\u5916\u4e8b\u52d9\uff09\u3001\u4e9e\u6d32\u74b0\u7403\u7814\u7a76\u6240\u7e3d\u76e3\u3001\u99ae\u570b\u7d93\u99ae\u570b\u7db8\u57fa\u91d1\u7d93\u6fdf\u5b78<\/p>\n<p>&nbsp;<\/p>\n<p><span>\uff08\u672c\u6587\u540c\u6642\u65bc\u4e8c\u96f6\u4e8c\u56db\u5e74\u4e8c\u6708\u4e8c\u5341\u516b\u65e5\u8f09\u65bc\u300a\u4fe1\u5831\u300b\u300c\u9f8d\u864e\u5c71\u4e0b\u300d\u5c08\u6b04\uff09<\/span><\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"tags":[],"class_list":["post-208761","thought-leadership","type-thought-leadership","status-publish","hentry","leadership-topic-categories-hkej-column-tc","in-the-media-topic-categories-faculty-tc","opinion-speeches-categories-economics-tc","opinion-speeches-categories-finance-tc"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"\u5728\u4e9e\u6d32\uff0c\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u7684\u7e3d\u90e8\u7d93\u6fdf\u767c\u5c55\u5c24\u70ba\u51fa\u8272\u3002\u4e0a\u6d77\u5229\u7528\u5176\u5728\u88fd\u9020\u696d\u3001\u79d1\u6280\u548c\u7269\u6d41\u65b9\u9762\u7684\u512a\u52e2\uff0c\u5438\u5f15\u5982\u7f8e\u570b\u7279\u65af\u62c9\uff08Tesla\uff09\u3001\u5fb7\u570b\u535a\u4e16\uff08Bosch\uff09\u3001\u65e5\u672c\u4e09\u4e95\u4f4f\u53cb\u9280\u884c\uff08Sumitomo Mitsui Banking Corporation\uff09\u3001\u82f1\u570b\u963f\u65af\u5229\u5eb7\uff08AstraZeneca\uff09\u7b49\u570b\u969b\u696d\u754c\u9f8d\u982d\u5728\u7576\u5730\u5efa\u7acb\u7e3d\u90e8\u3002\u65b0\u52a0\u5761\u5247\u7a4d\u6975\u5be6\u884c\u4eba\u624d\u65b0\u653f\u548c\u5275\u65b0\uff0c\u4ee5\u9a45\u52d5\u767c\u5c55\u3002 \u9999\u6e2f\u64c1\u6709\u7a69\u5065\u7684\u6cd5\u6cbb\u548c\u71df\u5546\u74b0\u5883\uff0c\u80cc\u976014\u5104\u4eba\u53e3\u7684\u5167\u5730\u5e02\u5834\uff0c\u662f\u4e2d\u570b\u9762\u5411\u4e16\u754c\u7684\u91cd\u8981\u9580\u6236\uff0c\u7406\u61c9\u4f54\u8de8\u570b\u4f01\u696d\u7e3d\u90e8\u9032\u99d0\u4e4b\u5229\uff1b\u4f46\u6839\u64da\u5f6d\u535a\u884c\u696d\u7814\u7a76\uff08Bloomberg Intelligence\uff09\uff0c\u622a\u81f32023\u5e74\uff0c\u9999\u6e2f\u64c1\u6709\u4f01\u696d\u7e3d\u90e81336\u5bb6\uff0c\u53ea\u53ca\u65b0\u52a0\u5761\u7d044200\u5bb6\u7684\u4e09\u6210\u3002 \u672c\u6587\u5c07\u805a\u7126\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u5728\u7e3d\u90e8\u7d93\u6fdf\u4e00\u74b0\u7684\u5148\u9032\u7d93\u9a57\u53ca\u76f8\u95dc\u653f\u7b56\uff0c\u70ba\u9999\u6e2f\u5faa\u6b64\u4e00\u65b9\u5411\u7684\u767c\u5c55\u63a2\u7d22\u51fa\u8def\u3002 \u4e0a\u6d77\uff1a\u91cd\u9ede\u7522\u696d\u93c8\u300c\u672c\u571f\u4e00\u9ad4\u5316\u300d \u4f4d\u65bc\u4e0a\u6d77\u6771\u5357\u90e8\u7684\u81e8\u6e2f\u65b0\u7247\u5340\uff0c\u64c1\u6709\u7368\u7279\u7684\u7d9c\u5408\u5340\u4f4d\u512a\u52e2\uff0c\u901a\u904e\u5236\u5ea6\u5275\u65b0\u8ce6\u80fd\u79d1\u6280\u5275\u65b0\uff0c\u96c6\u4e2d\u767c\u5c55\u5148\u9032\u88fd\u9020\u696d\u548c\u7b56\u7565\u6027\u7522\u696d\uff0c\u5982\u7a4d\u9ad4\u96fb\u8def\u3001\u4eba\u5de5\u667a\u80fd\u3001\u65b0\u80fd\u6e90\u7b49\uff0c\u4e26\u5c0d\u7814\u767c\u3001\u88fd\u9020\u3001\u7a05\u9805\u3001\u4eba\u624d\u7d66\u4e88\u591a\u7dad\u5ea6\u653f\u7b56\u7d44\u5408\u6276\u6301\uff0c\u7279\u65af\u62c9\u548c\u4e2d\u82af\u570b\u969b\u7b49\u591a\u500b\u9f8d\u982d\u4f01\u696d\u5f62\u6210\u7684\u96c6\u805a\u6548\u61c9\uff0c\u5438\u5f15\u4e86200\u591a\u5bb6\u7522\u696d\u93c8\u914d\u5957\u4f01\u696d\u9032\u99d0\u3002 \u8209\u4f8b\u4f86\u8aaa\uff0c\u4e0a\u6d77\u5e02\u653f\u5e9c\u8207\u7279\u65af\u62c9\u57282018\u5e74\u7c3d\u8a02\u571f\u5730\u51fa\u8b93\u5408\u540c\uff0c\u4ee5\u6bcf\u65b9\u7c731125\u5143\uff08\u4eba\u6c11\u5e63\uff0e\u4e0b\u540c\uff09\u7684\u50f9\u683c\u5411\u7279\u65af\u62c9\u63d0\u4f9b\u81e8\u6e2f\u7247\u53401297\u755d\u571f\u5730\u3002\u6b64\u5916\uff0c\u4e0a\u6d77\u76f8\u95dc\u90e8\u9580\u6309\u7167\u670d\u52d9\u91cd\u5927\u9805\u76ee\u7684\u4e00\u8cab\u505a\u6cd5\uff0c\u70ba\u7279\u65af\u62c9\u5236\u5b9a\u670d\u52d9\u6e05\u55ae\uff0c\u5f9e\u7c3d\u8a02\u6295\u8cc7\u5354\u8b70\u5230\u571f\u5730\u6458\u724c\uff0c\u7279\u65af\u62c9\u9805\u76ee\u5f97\u4ee5\u52a0\u5feb\u843d\u5730\uff0c\u524d\u5f8c\u50c5\u97003\u500b\u6708\u3002\u81e8\u6e2f\u65b0\u7247\u5340\u5177\u6709\u570b\u969b\u7af6\u722d\u529b\u7684\u7a05\u6536\u5236\u5ea6\u548c\u653f\u7b56\uff0c\u5305\u62ec\u91cd\u9ede\u7522\u696d15%\u4f01\u696d\u6240\u5f97\u7a05\u512a\u60e0\uff0c\u7279\u65af\u62c9\u5c31\u662f\u9996\u6279\u4eab\u53d7\u6b64\u9805\u512a\u60e0\u7684\u4f01\u696d\u4e4b\u4e00\u3002 \u6b64\u5916\uff0c\u7279\u65af\u62c9\u5728\u4e0a\u6d77\u5efa\u5ee0\u7684\u8cc7\u91d1\u4f86\u81ea\u4e2d\u570b\u672c\u571f\u878d\u8cc7\uff0c\u5305\u62ec\u9280\u884c\u8cb8\u6b3e\u53ca\u5730\u65b9\u50b5\u52d9\uff0c\u6bcb\u9808\u8b8a\u8ce3\u80a1\u7968\u7c4c\u8cc7\u3002\u540c\u5e74\u5e74\u5e95\uff0c\u7279\u65af\u62c9\u4ee5\u5de5\u5ee0\u548c\u571f\u5730\u70ba\u62b5\u62bc\uff0c\u4f4e\u606f\u7372\u5f97\u9ad8\u905490\u5104\u5143\u7684\u9280\u884c\u8cb8\u6b3e\u3002\u7279\u65af\u62c9\u4ea6\u5229\u7528\u4e00\u7b4622.5\u5104\u5143\u7684\u7121\u64d4\u4fdd\u5468\u8f49\u91d1\u8cb8\u6b3e\u65bc\u5efa\u9020\u5de5\u5ee0\uff0c\u4ee5\u53ca\u52d5\u7528\u90e8\u5206\u8cb8\u6b3e\u4ee5\u652f\u4ed83.5\u5104\u5143\u8ca0\u50b5\u3002 \u91cd\u9ede\u7522\u696d\u93c8\u548c\u7814\u767c\u6a5f\u69cb\u96c6\u805a\uff0c\u70ba\u4f01\u696d\u63d0\u4f9b\u8c50\u5bcc\u7684\u5275\u65b0\u751f\u614b\u7cfb\u7d71\u3002\u81e8\u6e2f\u65b0\u7247\u5340\u96c6\u805a\u4e86\u5bf6\u99ac\u3001\u5927\u773e\u3001\u4e0a\u6c7d\u7b49\u77e5\u540d\u6c7d\u8eca\u54c1\u724c\uff0c\u4ee5\u53ca\u5be7\u5fb7\u6642\u4ee3\u3001\u9577\u76c8\u7cbe\u5bc6\u548c\u5747\u52dd\u96fb\u5b50\u7b49\u4f9b\u61c9\u5546\u3002\u7814\u7a76\u6a5f\u69cb\u3001\u79d1\u6280\u516c\u53f8\u548c\u65b0\u5275\u4f01\u696d\u7d44\u6210\u5275\u65b0\u751f\u614b\u7cfb\u7d71\uff0c\u5e36\u52d5\u4e86\u65b0\u80fd\u6e90\u6c7d\u8eca\u7522\u696d\u7684\u5408\u4f5c\uff0c\u5b8c\u5584\u7684\u914d\u5957\u7522\u696d\u93c8\u4e5f\u6975\u5927\u964d\u4f4e\u4e86\u7279\u65af\u62c9\u7684\u5275\u65b0\u6210\u672c\u548c\u8cbf\u6613\u904b\u8f38\u6210\u672c\u3002\u65b0\u7247\u5340\u9084\u64c1\u6709\u5927\u91cf\u5177\u6c7d\u8eca\u884c\u696d\u7d93\u9a57\u7684\u5de5\u7a0b\u5e2b\u548c\u6280\u8853\u4eba\u54e1\uff0c\u70ba\u7279\u65af\u62c9\u63d0\u4f9b\u4e86\u5168\u7522\u696d\u93c8\u7684\u4eba\u624d\u5132\u5099\u3002 \u7279\u65af\u62c9\u8d85\u7d1a\u5de5\u5ee0\u5c0d\u4e0a\u6d77\u7684\u6c7d\u8eca\u7522\u696d\u548c\u6574\u9ad4\u7d93\u6fdf\u7522\u751f\u4e86\u91cd\u5927\u5f71\u97ff\uff0c2023\u5e74\uff0c\u8a72\u5ee0\u7d2f\u8a08\u4ea4\u4ed8\u91cf\u9054\u523094.7\u842c\u8f1b\uff0c\u4f54\u8a72\u54c1\u724c\u5168\u7403\u7522\u80fd\u903e50%\uff0c\u5354\u52a9\u65b0\u80fd\u6e90\u6c7d\u8eca\u7522\u696d\u767c\u5c55\u6210\u70ba\u81e8\u6e2f\u65b0\u7247\u5340\u7d93\u6fdf\u898f\u6a21\u6700\u5927\u7684\u7522\u696d\uff0c\u6c7d\u8eca\u7522\u696d\u7522\u503c\u5f9e2019\u5e74\u7684314\u5104\u5143\uff0c\u589e\u52a0\u81f32022\u5e74\u76842413\u5104\u5143\u3002\u8d85\u7d1a\u5de5\u5ee0\u96f6\u90e8\u4ef6\u672c\u571f\u5316\u7387\u8d85\u904e95%\uff0c\u63a8\u52d5\u4f9b\u61c9\u93c8\u5925\u4f34\u7684\u5347\u7d1a\u8f49\u578b\uff0c\u5275\u9020\u4e86\u5927\u91cf\u9ad8\u6536\u5165\u53ca\u6280\u8853\u8077\u4f4d\uff0c\u4e26\u52a0\u901f\u6280\u8853\u8f49\u79fb\u548c\u5275\u65b0\u3002 \u65b0\u52a0\u5761\uff1a\u5438\u5f15TikTok\u9032\u99d0\u8981\u8a23 2019\u5e74\uff0cTikTok\u70ba\u64f4\u5c55\u5168\u7403\u696d\u52d9\uff0c\u9078\u5740\u65b0\u52a0\u5761\u4f5c\u70ba\u7e3d\u90e8\uff0c\u5176\u80cc\u5f8c\u539f\u56e0\u4e5f\u503c\u5f97\u9999\u6e2f\u501f\u9451\u3002 \u65b0\u52a0\u5761\u653f\u5e9c\u70ba\u81f4\u529b\u6253\u9020\u8de8\u570b\u516c\u53f8\u5168\u7403\u7e3d\u90e8\u548c\u7814\u767c\u4e2d\u5fc3\uff0c\u8fd1\u5e74\u63a8\u51fa\u591a\u7a2e\u7a05\u52d9\u512a\u60e0\uff0c\u4f01\u696d\u6240\u5f97\u7a05\u4ecb\u4e4e0%\u81f317%\u4e4b\u9593\u3002\u7e3d\u90e8\u4f01\u696d\u5728\u7279\u5b9a\u6642\u671f\u5167\u53ef\u4eab\u514d\u7a05\u30015%\u621610%\u7684\u512a\u60e0\u7a05\u7387\uff1b\u516c\u53f8\u7684\u7814\u767c\u8cbb\u7528\u3001\u77e5\u8b58\u7522\u6b0a\u6536\u5165\u7b49\u53ef\u4eab\u9ad8\u9054100%\u7684\u7a05\u52d9\u62b5\u6263\u3002\u6b64\u5916\uff0c\u65b0\u52a0\u5761\u548c50\u591a\u500b\u570b\u5bb6\u548c\u5730\u5340\u7c3d\u7f72\u7684\u907f\u514d\u96d9\u91cd\u5fb5\u7a05\u5354\u5b9a\uff0c\u9032\u4e00\u6b65\u964d\u4f4e\u8a2d\u7acbTikTok\u4e9e\u6d32\u7e3d\u90e8\u7684\u6210\u672c\u3002\u9664\u4e86TikTok\u5916\uff0cZoom\u3001Sea Group\u53caSHEIN\u4e5f\u7d1b\u7d1b\u5728\u8a72\u570b\u8a2d\u7acb\u5730\u5340\u7e3d\u90e8\u3002 \u5927\u91cf\u7684\u79d1\u7814\u6295\u5165\u548c\u9ad8\u7aef\u6280\u80fd\u4eba\u624d\u5eab\uff0c\u70ba\u65b0\u52a0\u5761\u7684\u9ad8\u65b0\u6280\u8853\u7522\u696d\u53ca\u73fe\u4ee3\u670d\u52d9\u696d\u5960\u5b9a\u4e86\u5805\u5be6\u57fa\u790e\u30022020\u5e74\u5e95\uff0c\u65b0\u52a0\u5761\u653f\u5e9c\u5ba3\u5e03\u5728\u4e0b\u500b5\u5e74\u63a8\u52d5\u300c\u7814\u7a76\u3001\u5275\u65b0\u8207\u4f01\u696d2025\u8a08\u5283\u300d\uff0c\u6bcf\u5e74\u628a\u672c\u5730\u751f\u7522\u7e3d\u503c\u76841%\u6295\u5165\u79d1\u7814\u5275\u65b0\uff0c\u7e3d\u8a08250\u5104\u65b0\u52a0\u5761\u5143\uff08\u7d041456\u5104\u6e2f\u5143\uff09\uff0c\u4e26\u70ba\u5404\u985e\u4f01\u696d\u7684\u79d1\u6280\u5275\u65b0\u9053\u8def\u63d0\u4f9b\u91dd\u5c0d\u6027\u652f\u6301\u3002 \u65b0\u52a0\u5761\u7684\u5927\u5b78\u4e5f\u5728\u6e90\u6e90\u4e0d\u7d55\u5730\u57f9\u990a\u79d1\u6280\u4eba\u624d\uff0c\u5c08\u6ce8\u65bc\u79d1\u5b78\u3001\u79d1\u6280\u3001\u5de5\u7a0b\u3001\u6578\u5b78\uff08STEM\uff09\u7b49\u5b78\u79d1\u3002\u7576\u5730\u653f\u5e9c\u901a\u904e\u5c31\u696d\u6e96\u8b49\u5236\u5ea6\u5927\u529b\u5f15\u9032\u9ad8\u7aef\u4eba\u624d\u548c\u7dca\u7f3a\u4eba\u624d\u3002\u53e6\u5916\uff0c\u65b0\u52a0\u5761\u512a\u8d8a\u7684\u4f4f\u623f\u5236\u5ea6\u548c\u884c\u4e4b\u6709\u6548\u7684\u516c\u7a4d\u91d1\u5236\u5ea6\uff0c\u5747\u70ba\u4eba\u624d\u7684\u5438\u5f15\u548c\u4fdd\u7559\u63d0\u4f9b\u4e86\u6975\u5927\u4fbf\u5229\u3002 \u9999\u6e2f\u548c\u65b0\u52a0\u5761\u540c\u6a23\u64c1\u6709\u4e16\u754c\u898b\u7a31\u7684\u9ad8\u6548\u653f\u5e9c\u3001\u512a\u8cea\u7684\u6a5f\u5834\u548c\u6e2f\u53e3\u7b49\u57fa\u790e\u8a2d\u65bd\uff0c\u4f46\u5728\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\u4e0a\uff0c\u9999\u6e2f\u9808\u6025\u8d77\u76f4\u8ffd\u30022023\u5e74\uff0c\u65b0\u52a0\u5761\u63a8\u51fa\u6578\u78bc\u4e92\u806f\u4e92\u901a\u767c\u5c55\u85cd\u5716\uff0c\u5168\u9762\u898f\u5283\u6574\u500b\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\uff0c\u6db5\u84cb\u8edf\u786c\u57fa\u790e\u8a2d\u65bd\uff0c\u70baTikTok\u7b49\u79d1\u6280\u4f01\u696d\u7684\u672a\u4f86\u767c\u5c55\u63d0\u4f9b\u4e86\u8a98\u56e0\u3002\u6b64\u5916\uff0c\u70ba\u63a8\u52d5\u6578\u78bc\u7d93\u6fdf\u767c\u5c55\uff0c\u65b0\u52a0\u5761\u653f\u5e9c\u5be6\u65bd\u4e86\u4eba\u5de5\u667a\u80fd\u5c08\u5229\u512a\u5148\u8a08\u5283\uff0c\u5927\u5927\u7e2e\u77ed\u4e86\u5c08\u5229\u7372\u6279\u7684\u6642\u9593\uff0c\u5982\u963f\u91cc\u5df4\u5df4\u50c5\u75283\u500b\u6708\u4fbf\u7372\u6279\u4e86\u6b64\u524d\u81f3\u5c11\u9700\u5169\u5e74\u6642\u9593\u5be9\u6838\u7684\u4eba\u5de5\u667a\u80fd\u5c08\u5229\u3002 \u9999\u6e2f\uff1a\u5b9c\u63a86\u62db\u5c55\u958b\u90e8\u7f72 \u9762\u5c0d\u7576\u524d\u65e5\u76ca\u8907\u96dc\u7684\u4e16\u754c\u5730\u7de3\u653f\u6cbb\u7d93\u6fdf\u683c\u5c40\uff0c\u5168\u7403\u7522\u696d\u5206\u5de5\u683c\u5c40\u6b63\u5728\u9010\u6b65\u8abf\u6574\uff0c\u9999\u6e2f\u8981\u6210\u529f\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\uff0c\u5fc5\u9808\u61c9\u4ed8\u5404\u7a2e\u5404\u6a23\u7684\u6311\u6230\u3002\u501f\u9451\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\u7684\u6210\u529f\u7d93\u9a57\uff0c\u9999\u6e2f\u53ef\u4ee5\u8003\u616e\u63a8\u884c\u5982\u4e0b6\u9805\u653f\u7b56\u63aa\u65bd\uff1a 1\u3001\u5c0d\u7e3d\u90e8\u7d93\u6fdf\u9032\u884c\u9577\u671f\u898f\u5283\uff1a\u53c3\u8003\u5167\u5730\u76845\u5e74\u898f\u5283\u548c\u65b0\u52a0\u5761\u7814\u7a76\u3001\u5275\u65b0\u8207\u4f01\u696d2025\u8a08\u5283\uff0c\u570d\u7e5e\u9999\u6e2f\u672a\u4f86\u7684\u767c\u5c55\u91cd\u5fc3\uff0c\u70ba\u7e3d\u90e8\u7d93\u6fdf\u767c\u5c55\u63d0\u4f9b\u7a69\u5b9a\u7684\u8cc7\u91d1\u652f\u6301\uff0c\u5c0d\u57fa\u790e\u79d1\u5b78\u7814\u767c\u3001\u77e5\u8b58\u8f49\u5316\u3001\u7522\u6b0a\u4fdd\u8b77\u7b49\u6d3b\u52d5\u9032\u884c\u6295\u8cc7\u5206\u914d\u3002\u4ee5\u672c\u5730\u7dca\u7f3a\u7684\u5c08\u696d\u8077\u4f4d\u7d66\u4e88\u7c3d\u8b49\u548c\u5c45\u7559\u6b0a\u5be9\u6279\u512a\u60e0\uff0c\u91dd\u5c0d\u6027\u5f15\u9032\u5168\u7403\u591a\u5143\u5316\u3001\u591a\u7a2e\u65cf\u4eba\u624d\u3002 2\u3001\u767c\u5c55\u5168\u65b9\u4f4d\u5275\u65b0\u653f\u7b56\u9ad4\u7cfb\u8207\u670d\u52d9\u6a5f\u5236\uff1a\u5728\u5168\u7403\u6700\u4f4e\u7a05\u7387\u65b9\u6848\uff08\u4e00\u822c\u7a31\u70ba\u300cBEPS 2.0\u300d\uff09\u4e0b\uff0c\u50b3\u7d71\u7684\u7a05\u6536\u8ca1\u653f\u512a\u60e0\u653f\u7b56\u5df2\u7d93\u5f88\u96e3\u6253\u52d5\u512a\u52e2\u4f01\u696d\u4f86\u6e2f\u8a2d\u7acb\u7e3d\u90e8\u3002\u9999\u6e2f\u8981\u70ba\u91cd\u9ede\u7522\u696d\u95dc\u9375\u74b0\u7bc0\u7684\u4f01\u696d\u63d0\u4f9b\u91dd\u5c0d\u6027\u914d\u5957\u670d\u52d9\uff0c\u5f9e\u9805\u76ee\u7c3d\u7d04\u5230\u571f\u5730\u4f9b\u61c9\uff0c\u70ba\u6574\u500b\u6d41\u7a0b\u5236\u5b9a\u5c08\u9805\u670d\u52d9\u65b9\u6848\u3002\u4e0d\u59a8\u8a2d\u7acb\u5c08\u9580\u7684\u5c0d\u63a5\u90e8\u9580\uff0c\u4ee5\u5efa\u7acb\u7a69\u5b9a\u6709\u6548\u7684\u6e9d\u901a\u670d\u52d9\u6a5f\u5236\uff1b\u91dd\u5c0d\u512a\u52e2\u4f01\u696d\u7684\u95dc\u9375\u751f\u7522\u8981\u7d20\uff0c\u4e88\u4ee5\u512a\u5148\u914d\u7f6e\u3002 3\u3001\u767c\u63ee\u9999\u6e2f\u91d1\u878d\u670d\u52d9\u696d\u512a\u52e2\uff0c\u63d0\u4f9b\u91dd\u5c0d\u6027\u548c\u591a\u6a23\u6027\u7684\u878d\u8cc7\u53ca\u8ca1\u653f\u88dc\u8cbc\uff1a\u4ee5\u7522\u696d\u6025\u9700\u7a0b\u5ea6\u548c\u50f9\u503c\u93c8\u4f4d\u7f6e\u9032\u884c\u5dee\u7570\u5316\u8abf\u6574\uff0c\u78ba\u4fdd\u653f\u7b56\u6548\u679c\u6700\u5927\u5316\uff0c\u964d\u4f4e\u4f01\u696d\u751f\u7522\u6210\u672c\u3002 4\u3001\u901a\u904e\u5317\u90e8\u90fd\u6703\u5340\u5efa\u8a2d\uff0c\u52a0\u5f37\u9999\u6e2f\u9ad8\u7aef\u88fd\u9020\u696d\u57fa\u790e\uff1a\u5728\u57fa\u790e\u8a2d\u65bd\u65b9\u9762\uff0c\u901a\u904e\u5c0d\u63a5\u5927\u7063\u5340\u5404\u57ce\u5e02\u7684\u9ad8\u7aef\u88fd\u9020\u696d\uff0c\u5b8c\u5584\u5317\u90e8\u7522\u696d\u5712\u5340\u5efa\u8a2d\uff0c\u5305\u62ec\u4ea4\u901a\u7db2\u7d61\u548c\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\u7b49\uff0c\u5438\u5f15\u9ad8\u7aef\u88fd\u9020\u696d\u7684\u4e0a\u6e38\u53ca\u4e0b\u6e38\u7522\u696d\u9032\u99d0\u3002 \u518d\u8005\uff0c\u5fc5\u9808\u6ce8\u91cd\u8207\u5927\u7063\u5340\u5176\u4ed6\u57ce\u5e02\u5206\u5de5\u5408\u4f5c\uff0c\u5c24\u5176\u662f\u501f\u529b\u6df1\u5733\u53ca\u6771\u839e\u7684\u9ad8\u7aef\u88fd\u9020\u696d\u7d93\u9a57\uff0c\u767c\u63ee\u672c\u6e2f\u7684\u4eba\u624d\u3001\u8cc7\u91d1\u53ca\u5236\u5ea6\u512a\u52e2\uff0c\u5438\u5f15\u5167\u5730\u548c\u6d77\u5916\u7684\u8de8\u570b\u4f01\u696d\u7e3d\u90e8\u843d\u6236\uff0c\u5206\u6563\u7814\u767c\u53ca\u88fd\u9020\u529f\u80fd\uff0c\u4e26\u52a0\u5f37\u9999\u6e2f\u8207\u5927\u7063\u5340\u5404\u57ce\u5e02\u7684\u7522\u696d\u96c6\u805a\u3002 5\u3001\u5728\u5317\u90e8\u90fd\u6703\u5340\u8a2d\u7acb\u4e16\u754c\u53ca\u672c\u6e2f\u4e00\u6d41\u5927\u5b78\u7684\u5206\u6821\uff1a\u6191\u85c9\u9999\u6e2f\u7684\u9ad8\u7b49\u6559\u80b2\u5f37\u52e2\uff0c\u57f9\u8a13\u65b0\u4e00\u4ee3\u7e3d\u90e8\u7d93\u6fdf\u4eba\u624d\uff0c\u4e26\u5438\u5f15\u6d77\u5916\u5e74\u8f15\u4eba\u624d\u524d\u4f86\uff0c\u70ba\u9ad8\u7aef\u7814\u767c\u578b\u7522\u696d\u6253\u597d\u57fa\u790e\uff1b\u9084\u6709\u71df\u9020\u7522\u5b78\u7814\u4e92\u52d5\uff0c\u5e36\u52d5\u79d1\u7814\u5546\u54c1\u5316\u53ca\u77e5\u8b58\u8f49\u79fb\uff0c\u52a0\u5f37\u9999\u6e2f\u61c9\u7528\u79d1\u5b78\u7814\u7a76\u57fa\u790e\u3002 6\u3001\u52a0\u5f37\u9999\u6e2f\u822a\u7a7a\u696d\u767c\u5c55\uff1a\u6253\u9020\u6210\u4e9e\u6d32\u822a\u7a7a\u6a1e\u7d10\uff0c\u6295\u8cc7\u57fa\u5efa\u4e4b\u9918\uff0c\u9084\u9808\u64f4\u5927\u5728\u6a5f\u5834\u4e0d\u540c\u90e8\u9580\u548c\u7a0b\u5e8f\u4e2d\u6578\u78bc\u79d1\u6280\u7684\u61c9\u7528\uff0c\u5305\u62ec\u904e\u95dc\u7a0b\u5e8f\uff1b\u540c\u6642\u61c9\u7a4d\u6975\u8207\u5176\u4ed6\u653f\u5e9c\u7c3d\u7f72\u96d9\u908a\u822a\u904b\u5354\u8b70\uff0c\u5728\u5ba2\u8ca8\u904b\u5169\u65b9\u9762\u589e\u5f37\u8207\u5404\u570b\uff0c\u7279\u5225\u662f\u6771\u76df\u53ca\u4e2d\u6771\u7b49\u7b56\u7565\u5925\u4f34\u7684\u806f\u901a\u6027\u3002 \u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\uff0c\u65e2\u53ef\u5e36\u4f86\u65b0\u7522\u696d\u548c\u9ad8\u589e\u503c\u7d93\u6fdf\u6d3b\u52d5\uff0c\u4ea6\u53ef\u5438\u5f15\u591a\u5143\u4eba\u624d\u53ca\u6295\u8cc7\u3002\u6b64\u8209\u6709\u52a9\u65bc\u9999\u6e2f\u63a8\u52d5\u7d93\u6fdf\u8f49\u578b\uff0c\u4e26\u63d0\u5347\u5176\u570b\u969b\u91d1\u878d\u4e2d\u5fc3\u5730\u4f4d\u53ca\u7af6\u722d\u529b\u3002 \u9127\u5e0c\u7152\u6559\u6388 \u9999\u6e2f\u5927\u5b78\u7d93\u7ba1\u5b78\u9662\u526f\u9662\u9577\uff08\u5c0d\u5916\u4e8b\u52d9\uff09\u3001\u4e9e\u6d32\u74b0\u7403\u7814\u7a76\u6240\u7e3d\u76e3\u3001\u99ae\u570b\u7d93\u99ae\u570b\u7db8\u57fa\u91d1\u7d93\u6fdf\u5b78 \uff08\u672c\u6587\u540c\u6642\u65bc\u4e8c\u96f6\u4e8c\u56db\u5e74\u4e8c\u6708\u4e8c\u5341\u516b\u65e5\u8f09\u65bc\u300a\u4fe1\u5831\u300b\u300c\u9f8d\u864e\u5c71\u4e0b\u300d\u5c08\u6b04\uff09\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"google-site-verification\" content=\"google-site-verification=MjdkluDgHpNk2vz5slbwER2Gusw2rUDQuVULMERWzLo\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/hkej-column\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"HKU Business School -\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"\u91cd\u6574\u9999\u6e2f\u7e3d\u90e8\u7d93\u6fdf\u7b56\u7565 - HKU Business School\" \/>\n\t\t<meta property=\"og:description\" content=\"\u5728\u4e9e\u6d32\uff0c\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u7684\u7e3d\u90e8\u7d93\u6fdf\u767c\u5c55\u5c24\u70ba\u51fa\u8272\u3002\u4e0a\u6d77\u5229\u7528\u5176\u5728\u88fd\u9020\u696d\u3001\u79d1\u6280\u548c\u7269\u6d41\u65b9\u9762\u7684\u512a\u52e2\uff0c\u5438\u5f15\u5982\u7f8e\u570b\u7279\u65af\u62c9\uff08Tesla\uff09\u3001\u5fb7\u570b\u535a\u4e16\uff08Bosch\uff09\u3001\u65e5\u672c\u4e09\u4e95\u4f4f\u53cb\u9280\u884c\uff08Sumitomo Mitsui Banking Corporation\uff09\u3001\u82f1\u570b\u963f\u65af\u5229\u5eb7\uff08AstraZeneca\uff09\u7b49\u570b\u969b\u696d\u754c\u9f8d\u982d\u5728\u7576\u5730\u5efa\u7acb\u7e3d\u90e8\u3002\u65b0\u52a0\u5761\u5247\u7a4d\u6975\u5be6\u884c\u4eba\u624d\u65b0\u653f\u548c\u5275\u65b0\uff0c\u4ee5\u9a45\u52d5\u767c\u5c55\u3002 \u9999\u6e2f\u64c1\u6709\u7a69\u5065\u7684\u6cd5\u6cbb\u548c\u71df\u5546\u74b0\u5883\uff0c\u80cc\u976014\u5104\u4eba\u53e3\u7684\u5167\u5730\u5e02\u5834\uff0c\u662f\u4e2d\u570b\u9762\u5411\u4e16\u754c\u7684\u91cd\u8981\u9580\u6236\uff0c\u7406\u61c9\u4f54\u8de8\u570b\u4f01\u696d\u7e3d\u90e8\u9032\u99d0\u4e4b\u5229\uff1b\u4f46\u6839\u64da\u5f6d\u535a\u884c\u696d\u7814\u7a76\uff08Bloomberg Intelligence\uff09\uff0c\u622a\u81f32023\u5e74\uff0c\u9999\u6e2f\u64c1\u6709\u4f01\u696d\u7e3d\u90e81336\u5bb6\uff0c\u53ea\u53ca\u65b0\u52a0\u5761\u7d044200\u5bb6\u7684\u4e09\u6210\u3002 \u672c\u6587\u5c07\u805a\u7126\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u5728\u7e3d\u90e8\u7d93\u6fdf\u4e00\u74b0\u7684\u5148\u9032\u7d93\u9a57\u53ca\u76f8\u95dc\u653f\u7b56\uff0c\u70ba\u9999\u6e2f\u5faa\u6b64\u4e00\u65b9\u5411\u7684\u767c\u5c55\u63a2\u7d22\u51fa\u8def\u3002 \u4e0a\u6d77\uff1a\u91cd\u9ede\u7522\u696d\u93c8\u300c\u672c\u571f\u4e00\u9ad4\u5316\u300d \u4f4d\u65bc\u4e0a\u6d77\u6771\u5357\u90e8\u7684\u81e8\u6e2f\u65b0\u7247\u5340\uff0c\u64c1\u6709\u7368\u7279\u7684\u7d9c\u5408\u5340\u4f4d\u512a\u52e2\uff0c\u901a\u904e\u5236\u5ea6\u5275\u65b0\u8ce6\u80fd\u79d1\u6280\u5275\u65b0\uff0c\u96c6\u4e2d\u767c\u5c55\u5148\u9032\u88fd\u9020\u696d\u548c\u7b56\u7565\u6027\u7522\u696d\uff0c\u5982\u7a4d\u9ad4\u96fb\u8def\u3001\u4eba\u5de5\u667a\u80fd\u3001\u65b0\u80fd\u6e90\u7b49\uff0c\u4e26\u5c0d\u7814\u767c\u3001\u88fd\u9020\u3001\u7a05\u9805\u3001\u4eba\u624d\u7d66\u4e88\u591a\u7dad\u5ea6\u653f\u7b56\u7d44\u5408\u6276\u6301\uff0c\u7279\u65af\u62c9\u548c\u4e2d\u82af\u570b\u969b\u7b49\u591a\u500b\u9f8d\u982d\u4f01\u696d\u5f62\u6210\u7684\u96c6\u805a\u6548\u61c9\uff0c\u5438\u5f15\u4e86200\u591a\u5bb6\u7522\u696d\u93c8\u914d\u5957\u4f01\u696d\u9032\u99d0\u3002 \u8209\u4f8b\u4f86\u8aaa\uff0c\u4e0a\u6d77\u5e02\u653f\u5e9c\u8207\u7279\u65af\u62c9\u57282018\u5e74\u7c3d\u8a02\u571f\u5730\u51fa\u8b93\u5408\u540c\uff0c\u4ee5\u6bcf\u65b9\u7c731125\u5143\uff08\u4eba\u6c11\u5e63\uff0e\u4e0b\u540c\uff09\u7684\u50f9\u683c\u5411\u7279\u65af\u62c9\u63d0\u4f9b\u81e8\u6e2f\u7247\u53401297\u755d\u571f\u5730\u3002\u6b64\u5916\uff0c\u4e0a\u6d77\u76f8\u95dc\u90e8\u9580\u6309\u7167\u670d\u52d9\u91cd\u5927\u9805\u76ee\u7684\u4e00\u8cab\u505a\u6cd5\uff0c\u70ba\u7279\u65af\u62c9\u5236\u5b9a\u670d\u52d9\u6e05\u55ae\uff0c\u5f9e\u7c3d\u8a02\u6295\u8cc7\u5354\u8b70\u5230\u571f\u5730\u6458\u724c\uff0c\u7279\u65af\u62c9\u9805\u76ee\u5f97\u4ee5\u52a0\u5feb\u843d\u5730\uff0c\u524d\u5f8c\u50c5\u97003\u500b\u6708\u3002\u81e8\u6e2f\u65b0\u7247\u5340\u5177\u6709\u570b\u969b\u7af6\u722d\u529b\u7684\u7a05\u6536\u5236\u5ea6\u548c\u653f\u7b56\uff0c\u5305\u62ec\u91cd\u9ede\u7522\u696d15%\u4f01\u696d\u6240\u5f97\u7a05\u512a\u60e0\uff0c\u7279\u65af\u62c9\u5c31\u662f\u9996\u6279\u4eab\u53d7\u6b64\u9805\u512a\u60e0\u7684\u4f01\u696d\u4e4b\u4e00\u3002 \u6b64\u5916\uff0c\u7279\u65af\u62c9\u5728\u4e0a\u6d77\u5efa\u5ee0\u7684\u8cc7\u91d1\u4f86\u81ea\u4e2d\u570b\u672c\u571f\u878d\u8cc7\uff0c\u5305\u62ec\u9280\u884c\u8cb8\u6b3e\u53ca\u5730\u65b9\u50b5\u52d9\uff0c\u6bcb\u9808\u8b8a\u8ce3\u80a1\u7968\u7c4c\u8cc7\u3002\u540c\u5e74\u5e74\u5e95\uff0c\u7279\u65af\u62c9\u4ee5\u5de5\u5ee0\u548c\u571f\u5730\u70ba\u62b5\u62bc\uff0c\u4f4e\u606f\u7372\u5f97\u9ad8\u905490\u5104\u5143\u7684\u9280\u884c\u8cb8\u6b3e\u3002\u7279\u65af\u62c9\u4ea6\u5229\u7528\u4e00\u7b4622.5\u5104\u5143\u7684\u7121\u64d4\u4fdd\u5468\u8f49\u91d1\u8cb8\u6b3e\u65bc\u5efa\u9020\u5de5\u5ee0\uff0c\u4ee5\u53ca\u52d5\u7528\u90e8\u5206\u8cb8\u6b3e\u4ee5\u652f\u4ed83.5\u5104\u5143\u8ca0\u50b5\u3002 \u91cd\u9ede\u7522\u696d\u93c8\u548c\u7814\u767c\u6a5f\u69cb\u96c6\u805a\uff0c\u70ba\u4f01\u696d\u63d0\u4f9b\u8c50\u5bcc\u7684\u5275\u65b0\u751f\u614b\u7cfb\u7d71\u3002\u81e8\u6e2f\u65b0\u7247\u5340\u96c6\u805a\u4e86\u5bf6\u99ac\u3001\u5927\u773e\u3001\u4e0a\u6c7d\u7b49\u77e5\u540d\u6c7d\u8eca\u54c1\u724c\uff0c\u4ee5\u53ca\u5be7\u5fb7\u6642\u4ee3\u3001\u9577\u76c8\u7cbe\u5bc6\u548c\u5747\u52dd\u96fb\u5b50\u7b49\u4f9b\u61c9\u5546\u3002\u7814\u7a76\u6a5f\u69cb\u3001\u79d1\u6280\u516c\u53f8\u548c\u65b0\u5275\u4f01\u696d\u7d44\u6210\u5275\u65b0\u751f\u614b\u7cfb\u7d71\uff0c\u5e36\u52d5\u4e86\u65b0\u80fd\u6e90\u6c7d\u8eca\u7522\u696d\u7684\u5408\u4f5c\uff0c\u5b8c\u5584\u7684\u914d\u5957\u7522\u696d\u93c8\u4e5f\u6975\u5927\u964d\u4f4e\u4e86\u7279\u65af\u62c9\u7684\u5275\u65b0\u6210\u672c\u548c\u8cbf\u6613\u904b\u8f38\u6210\u672c\u3002\u65b0\u7247\u5340\u9084\u64c1\u6709\u5927\u91cf\u5177\u6c7d\u8eca\u884c\u696d\u7d93\u9a57\u7684\u5de5\u7a0b\u5e2b\u548c\u6280\u8853\u4eba\u54e1\uff0c\u70ba\u7279\u65af\u62c9\u63d0\u4f9b\u4e86\u5168\u7522\u696d\u93c8\u7684\u4eba\u624d\u5132\u5099\u3002 \u7279\u65af\u62c9\u8d85\u7d1a\u5de5\u5ee0\u5c0d\u4e0a\u6d77\u7684\u6c7d\u8eca\u7522\u696d\u548c\u6574\u9ad4\u7d93\u6fdf\u7522\u751f\u4e86\u91cd\u5927\u5f71\u97ff\uff0c2023\u5e74\uff0c\u8a72\u5ee0\u7d2f\u8a08\u4ea4\u4ed8\u91cf\u9054\u523094.7\u842c\u8f1b\uff0c\u4f54\u8a72\u54c1\u724c\u5168\u7403\u7522\u80fd\u903e50%\uff0c\u5354\u52a9\u65b0\u80fd\u6e90\u6c7d\u8eca\u7522\u696d\u767c\u5c55\u6210\u70ba\u81e8\u6e2f\u65b0\u7247\u5340\u7d93\u6fdf\u898f\u6a21\u6700\u5927\u7684\u7522\u696d\uff0c\u6c7d\u8eca\u7522\u696d\u7522\u503c\u5f9e2019\u5e74\u7684314\u5104\u5143\uff0c\u589e\u52a0\u81f32022\u5e74\u76842413\u5104\u5143\u3002\u8d85\u7d1a\u5de5\u5ee0\u96f6\u90e8\u4ef6\u672c\u571f\u5316\u7387\u8d85\u904e95%\uff0c\u63a8\u52d5\u4f9b\u61c9\u93c8\u5925\u4f34\u7684\u5347\u7d1a\u8f49\u578b\uff0c\u5275\u9020\u4e86\u5927\u91cf\u9ad8\u6536\u5165\u53ca\u6280\u8853\u8077\u4f4d\uff0c\u4e26\u52a0\u901f\u6280\u8853\u8f49\u79fb\u548c\u5275\u65b0\u3002 \u65b0\u52a0\u5761\uff1a\u5438\u5f15TikTok\u9032\u99d0\u8981\u8a23 2019\u5e74\uff0cTikTok\u70ba\u64f4\u5c55\u5168\u7403\u696d\u52d9\uff0c\u9078\u5740\u65b0\u52a0\u5761\u4f5c\u70ba\u7e3d\u90e8\uff0c\u5176\u80cc\u5f8c\u539f\u56e0\u4e5f\u503c\u5f97\u9999\u6e2f\u501f\u9451\u3002 \u65b0\u52a0\u5761\u653f\u5e9c\u70ba\u81f4\u529b\u6253\u9020\u8de8\u570b\u516c\u53f8\u5168\u7403\u7e3d\u90e8\u548c\u7814\u767c\u4e2d\u5fc3\uff0c\u8fd1\u5e74\u63a8\u51fa\u591a\u7a2e\u7a05\u52d9\u512a\u60e0\uff0c\u4f01\u696d\u6240\u5f97\u7a05\u4ecb\u4e4e0%\u81f317%\u4e4b\u9593\u3002\u7e3d\u90e8\u4f01\u696d\u5728\u7279\u5b9a\u6642\u671f\u5167\u53ef\u4eab\u514d\u7a05\u30015%\u621610%\u7684\u512a\u60e0\u7a05\u7387\uff1b\u516c\u53f8\u7684\u7814\u767c\u8cbb\u7528\u3001\u77e5\u8b58\u7522\u6b0a\u6536\u5165\u7b49\u53ef\u4eab\u9ad8\u9054100%\u7684\u7a05\u52d9\u62b5\u6263\u3002\u6b64\u5916\uff0c\u65b0\u52a0\u5761\u548c50\u591a\u500b\u570b\u5bb6\u548c\u5730\u5340\u7c3d\u7f72\u7684\u907f\u514d\u96d9\u91cd\u5fb5\u7a05\u5354\u5b9a\uff0c\u9032\u4e00\u6b65\u964d\u4f4e\u8a2d\u7acbTikTok\u4e9e\u6d32\u7e3d\u90e8\u7684\u6210\u672c\u3002\u9664\u4e86TikTok\u5916\uff0cZoom\u3001Sea Group\u53caSHEIN\u4e5f\u7d1b\u7d1b\u5728\u8a72\u570b\u8a2d\u7acb\u5730\u5340\u7e3d\u90e8\u3002 \u5927\u91cf\u7684\u79d1\u7814\u6295\u5165\u548c\u9ad8\u7aef\u6280\u80fd\u4eba\u624d\u5eab\uff0c\u70ba\u65b0\u52a0\u5761\u7684\u9ad8\u65b0\u6280\u8853\u7522\u696d\u53ca\u73fe\u4ee3\u670d\u52d9\u696d\u5960\u5b9a\u4e86\u5805\u5be6\u57fa\u790e\u30022020\u5e74\u5e95\uff0c\u65b0\u52a0\u5761\u653f\u5e9c\u5ba3\u5e03\u5728\u4e0b\u500b5\u5e74\u63a8\u52d5\u300c\u7814\u7a76\u3001\u5275\u65b0\u8207\u4f01\u696d2025\u8a08\u5283\u300d\uff0c\u6bcf\u5e74\u628a\u672c\u5730\u751f\u7522\u7e3d\u503c\u76841%\u6295\u5165\u79d1\u7814\u5275\u65b0\uff0c\u7e3d\u8a08250\u5104\u65b0\u52a0\u5761\u5143\uff08\u7d041456\u5104\u6e2f\u5143\uff09\uff0c\u4e26\u70ba\u5404\u985e\u4f01\u696d\u7684\u79d1\u6280\u5275\u65b0\u9053\u8def\u63d0\u4f9b\u91dd\u5c0d\u6027\u652f\u6301\u3002 \u65b0\u52a0\u5761\u7684\u5927\u5b78\u4e5f\u5728\u6e90\u6e90\u4e0d\u7d55\u5730\u57f9\u990a\u79d1\u6280\u4eba\u624d\uff0c\u5c08\u6ce8\u65bc\u79d1\u5b78\u3001\u79d1\u6280\u3001\u5de5\u7a0b\u3001\u6578\u5b78\uff08STEM\uff09\u7b49\u5b78\u79d1\u3002\u7576\u5730\u653f\u5e9c\u901a\u904e\u5c31\u696d\u6e96\u8b49\u5236\u5ea6\u5927\u529b\u5f15\u9032\u9ad8\u7aef\u4eba\u624d\u548c\u7dca\u7f3a\u4eba\u624d\u3002\u53e6\u5916\uff0c\u65b0\u52a0\u5761\u512a\u8d8a\u7684\u4f4f\u623f\u5236\u5ea6\u548c\u884c\u4e4b\u6709\u6548\u7684\u516c\u7a4d\u91d1\u5236\u5ea6\uff0c\u5747\u70ba\u4eba\u624d\u7684\u5438\u5f15\u548c\u4fdd\u7559\u63d0\u4f9b\u4e86\u6975\u5927\u4fbf\u5229\u3002 \u9999\u6e2f\u548c\u65b0\u52a0\u5761\u540c\u6a23\u64c1\u6709\u4e16\u754c\u898b\u7a31\u7684\u9ad8\u6548\u653f\u5e9c\u3001\u512a\u8cea\u7684\u6a5f\u5834\u548c\u6e2f\u53e3\u7b49\u57fa\u790e\u8a2d\u65bd\uff0c\u4f46\u5728\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\u4e0a\uff0c\u9999\u6e2f\u9808\u6025\u8d77\u76f4\u8ffd\u30022023\u5e74\uff0c\u65b0\u52a0\u5761\u63a8\u51fa\u6578\u78bc\u4e92\u806f\u4e92\u901a\u767c\u5c55\u85cd\u5716\uff0c\u5168\u9762\u898f\u5283\u6574\u500b\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\uff0c\u6db5\u84cb\u8edf\u786c\u57fa\u790e\u8a2d\u65bd\uff0c\u70baTikTok\u7b49\u79d1\u6280\u4f01\u696d\u7684\u672a\u4f86\u767c\u5c55\u63d0\u4f9b\u4e86\u8a98\u56e0\u3002\u6b64\u5916\uff0c\u70ba\u63a8\u52d5\u6578\u78bc\u7d93\u6fdf\u767c\u5c55\uff0c\u65b0\u52a0\u5761\u653f\u5e9c\u5be6\u65bd\u4e86\u4eba\u5de5\u667a\u80fd\u5c08\u5229\u512a\u5148\u8a08\u5283\uff0c\u5927\u5927\u7e2e\u77ed\u4e86\u5c08\u5229\u7372\u6279\u7684\u6642\u9593\uff0c\u5982\u963f\u91cc\u5df4\u5df4\u50c5\u75283\u500b\u6708\u4fbf\u7372\u6279\u4e86\u6b64\u524d\u81f3\u5c11\u9700\u5169\u5e74\u6642\u9593\u5be9\u6838\u7684\u4eba\u5de5\u667a\u80fd\u5c08\u5229\u3002 \u9999\u6e2f\uff1a\u5b9c\u63a86\u62db\u5c55\u958b\u90e8\u7f72 \u9762\u5c0d\u7576\u524d\u65e5\u76ca\u8907\u96dc\u7684\u4e16\u754c\u5730\u7de3\u653f\u6cbb\u7d93\u6fdf\u683c\u5c40\uff0c\u5168\u7403\u7522\u696d\u5206\u5de5\u683c\u5c40\u6b63\u5728\u9010\u6b65\u8abf\u6574\uff0c\u9999\u6e2f\u8981\u6210\u529f\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\uff0c\u5fc5\u9808\u61c9\u4ed8\u5404\u7a2e\u5404\u6a23\u7684\u6311\u6230\u3002\u501f\u9451\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\u7684\u6210\u529f\u7d93\u9a57\uff0c\u9999\u6e2f\u53ef\u4ee5\u8003\u616e\u63a8\u884c\u5982\u4e0b6\u9805\u653f\u7b56\u63aa\u65bd\uff1a 1\u3001\u5c0d\u7e3d\u90e8\u7d93\u6fdf\u9032\u884c\u9577\u671f\u898f\u5283\uff1a\u53c3\u8003\u5167\u5730\u76845\u5e74\u898f\u5283\u548c\u65b0\u52a0\u5761\u7814\u7a76\u3001\u5275\u65b0\u8207\u4f01\u696d2025\u8a08\u5283\uff0c\u570d\u7e5e\u9999\u6e2f\u672a\u4f86\u7684\u767c\u5c55\u91cd\u5fc3\uff0c\u70ba\u7e3d\u90e8\u7d93\u6fdf\u767c\u5c55\u63d0\u4f9b\u7a69\u5b9a\u7684\u8cc7\u91d1\u652f\u6301\uff0c\u5c0d\u57fa\u790e\u79d1\u5b78\u7814\u767c\u3001\u77e5\u8b58\u8f49\u5316\u3001\u7522\u6b0a\u4fdd\u8b77\u7b49\u6d3b\u52d5\u9032\u884c\u6295\u8cc7\u5206\u914d\u3002\u4ee5\u672c\u5730\u7dca\u7f3a\u7684\u5c08\u696d\u8077\u4f4d\u7d66\u4e88\u7c3d\u8b49\u548c\u5c45\u7559\u6b0a\u5be9\u6279\u512a\u60e0\uff0c\u91dd\u5c0d\u6027\u5f15\u9032\u5168\u7403\u591a\u5143\u5316\u3001\u591a\u7a2e\u65cf\u4eba\u624d\u3002 2\u3001\u767c\u5c55\u5168\u65b9\u4f4d\u5275\u65b0\u653f\u7b56\u9ad4\u7cfb\u8207\u670d\u52d9\u6a5f\u5236\uff1a\u5728\u5168\u7403\u6700\u4f4e\u7a05\u7387\u65b9\u6848\uff08\u4e00\u822c\u7a31\u70ba\u300cBEPS 2.0\u300d\uff09\u4e0b\uff0c\u50b3\u7d71\u7684\u7a05\u6536\u8ca1\u653f\u512a\u60e0\u653f\u7b56\u5df2\u7d93\u5f88\u96e3\u6253\u52d5\u512a\u52e2\u4f01\u696d\u4f86\u6e2f\u8a2d\u7acb\u7e3d\u90e8\u3002\u9999\u6e2f\u8981\u70ba\u91cd\u9ede\u7522\u696d\u95dc\u9375\u74b0\u7bc0\u7684\u4f01\u696d\u63d0\u4f9b\u91dd\u5c0d\u6027\u914d\u5957\u670d\u52d9\uff0c\u5f9e\u9805\u76ee\u7c3d\u7d04\u5230\u571f\u5730\u4f9b\u61c9\uff0c\u70ba\u6574\u500b\u6d41\u7a0b\u5236\u5b9a\u5c08\u9805\u670d\u52d9\u65b9\u6848\u3002\u4e0d\u59a8\u8a2d\u7acb\u5c08\u9580\u7684\u5c0d\u63a5\u90e8\u9580\uff0c\u4ee5\u5efa\u7acb\u7a69\u5b9a\u6709\u6548\u7684\u6e9d\u901a\u670d\u52d9\u6a5f\u5236\uff1b\u91dd\u5c0d\u512a\u52e2\u4f01\u696d\u7684\u95dc\u9375\u751f\u7522\u8981\u7d20\uff0c\u4e88\u4ee5\u512a\u5148\u914d\u7f6e\u3002 3\u3001\u767c\u63ee\u9999\u6e2f\u91d1\u878d\u670d\u52d9\u696d\u512a\u52e2\uff0c\u63d0\u4f9b\u91dd\u5c0d\u6027\u548c\u591a\u6a23\u6027\u7684\u878d\u8cc7\u53ca\u8ca1\u653f\u88dc\u8cbc\uff1a\u4ee5\u7522\u696d\u6025\u9700\u7a0b\u5ea6\u548c\u50f9\u503c\u93c8\u4f4d\u7f6e\u9032\u884c\u5dee\u7570\u5316\u8abf\u6574\uff0c\u78ba\u4fdd\u653f\u7b56\u6548\u679c\u6700\u5927\u5316\uff0c\u964d\u4f4e\u4f01\u696d\u751f\u7522\u6210\u672c\u3002 4\u3001\u901a\u904e\u5317\u90e8\u90fd\u6703\u5340\u5efa\u8a2d\uff0c\u52a0\u5f37\u9999\u6e2f\u9ad8\u7aef\u88fd\u9020\u696d\u57fa\u790e\uff1a\u5728\u57fa\u790e\u8a2d\u65bd\u65b9\u9762\uff0c\u901a\u904e\u5c0d\u63a5\u5927\u7063\u5340\u5404\u57ce\u5e02\u7684\u9ad8\u7aef\u88fd\u9020\u696d\uff0c\u5b8c\u5584\u5317\u90e8\u7522\u696d\u5712\u5340\u5efa\u8a2d\uff0c\u5305\u62ec\u4ea4\u901a\u7db2\u7d61\u548c\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\u7b49\uff0c\u5438\u5f15\u9ad8\u7aef\u88fd\u9020\u696d\u7684\u4e0a\u6e38\u53ca\u4e0b\u6e38\u7522\u696d\u9032\u99d0\u3002 \u518d\u8005\uff0c\u5fc5\u9808\u6ce8\u91cd\u8207\u5927\u7063\u5340\u5176\u4ed6\u57ce\u5e02\u5206\u5de5\u5408\u4f5c\uff0c\u5c24\u5176\u662f\u501f\u529b\u6df1\u5733\u53ca\u6771\u839e\u7684\u9ad8\u7aef\u88fd\u9020\u696d\u7d93\u9a57\uff0c\u767c\u63ee\u672c\u6e2f\u7684\u4eba\u624d\u3001\u8cc7\u91d1\u53ca\u5236\u5ea6\u512a\u52e2\uff0c\u5438\u5f15\u5167\u5730\u548c\u6d77\u5916\u7684\u8de8\u570b\u4f01\u696d\u7e3d\u90e8\u843d\u6236\uff0c\u5206\u6563\u7814\u767c\u53ca\u88fd\u9020\u529f\u80fd\uff0c\u4e26\u52a0\u5f37\u9999\u6e2f\u8207\u5927\u7063\u5340\u5404\u57ce\u5e02\u7684\u7522\u696d\u96c6\u805a\u3002 5\u3001\u5728\u5317\u90e8\u90fd\u6703\u5340\u8a2d\u7acb\u4e16\u754c\u53ca\u672c\u6e2f\u4e00\u6d41\u5927\u5b78\u7684\u5206\u6821\uff1a\u6191\u85c9\u9999\u6e2f\u7684\u9ad8\u7b49\u6559\u80b2\u5f37\u52e2\uff0c\u57f9\u8a13\u65b0\u4e00\u4ee3\u7e3d\u90e8\u7d93\u6fdf\u4eba\u624d\uff0c\u4e26\u5438\u5f15\u6d77\u5916\u5e74\u8f15\u4eba\u624d\u524d\u4f86\uff0c\u70ba\u9ad8\u7aef\u7814\u767c\u578b\u7522\u696d\u6253\u597d\u57fa\u790e\uff1b\u9084\u6709\u71df\u9020\u7522\u5b78\u7814\u4e92\u52d5\uff0c\u5e36\u52d5\u79d1\u7814\u5546\u54c1\u5316\u53ca\u77e5\u8b58\u8f49\u79fb\uff0c\u52a0\u5f37\u9999\u6e2f\u61c9\u7528\u79d1\u5b78\u7814\u7a76\u57fa\u790e\u3002 6\u3001\u52a0\u5f37\u9999\u6e2f\u822a\u7a7a\u696d\u767c\u5c55\uff1a\u6253\u9020\u6210\u4e9e\u6d32\u822a\u7a7a\u6a1e\u7d10\uff0c\u6295\u8cc7\u57fa\u5efa\u4e4b\u9918\uff0c\u9084\u9808\u64f4\u5927\u5728\u6a5f\u5834\u4e0d\u540c\u90e8\u9580\u548c\u7a0b\u5e8f\u4e2d\u6578\u78bc\u79d1\u6280\u7684\u61c9\u7528\uff0c\u5305\u62ec\u904e\u95dc\u7a0b\u5e8f\uff1b\u540c\u6642\u61c9\u7a4d\u6975\u8207\u5176\u4ed6\u653f\u5e9c\u7c3d\u7f72\u96d9\u908a\u822a\u904b\u5354\u8b70\uff0c\u5728\u5ba2\u8ca8\u904b\u5169\u65b9\u9762\u589e\u5f37\u8207\u5404\u570b\uff0c\u7279\u5225\u662f\u6771\u76df\u53ca\u4e2d\u6771\u7b49\u7b56\u7565\u5925\u4f34\u7684\u806f\u901a\u6027\u3002 \u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\uff0c\u65e2\u53ef\u5e36\u4f86\u65b0\u7522\u696d\u548c\u9ad8\u589e\u503c\u7d93\u6fdf\u6d3b\u52d5\uff0c\u4ea6\u53ef\u5438\u5f15\u591a\u5143\u4eba\u624d\u53ca\u6295\u8cc7\u3002\u6b64\u8209\u6709\u52a9\u65bc\u9999\u6e2f\u63a8\u52d5\u7d93\u6fdf\u8f49\u578b\uff0c\u4e26\u63d0\u5347\u5176\u570b\u969b\u91d1\u878d\u4e2d\u5fc3\u5730\u4f4d\u53ca\u7af6\u722d\u529b\u3002 \u9127\u5e0c\u7152\u6559\u6388 \u9999\u6e2f\u5927\u5b78\u7d93\u7ba1\u5b78\u9662\u526f\u9662\u9577\uff08\u5c0d\u5916\u4e8b\u52d9\uff09\u3001\u4e9e\u6d32\u74b0\u7403\u7814\u7a76\u6240\u7e3d\u76e3\u3001\u99ae\u570b\u7d93\u99ae\u570b\u7db8\u57fa\u91d1\u7d93\u6fdf\u5b78 \uff08\u672c\u6587\u540c\u6642\u65bc\u4e8c\u96f6\u4e8c\u56db\u5e74\u4e8c\u6708\u4e8c\u5341\u516b\u65e5\u8f09\u65bc\u300a\u4fe1\u5831\u300b\u300c\u9f8d\u864e\u5c71\u4e0b\u300d\u5c08\u6b04\uff09\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/hkej-column\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2024-03-06T03:15:50+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2024-03-06T03:15:50+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"\u91cd\u6574\u9999\u6e2f\u7e3d\u90e8\u7d93\u6fdf\u7b56\u7565 - HKU Business School\" \/>\n\t\t<meta name=\"twitter:description\" content=\"\u5728\u4e9e\u6d32\uff0c\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u7684\u7e3d\u90e8\u7d93\u6fdf\u767c\u5c55\u5c24\u70ba\u51fa\u8272\u3002\u4e0a\u6d77\u5229\u7528\u5176\u5728\u88fd\u9020\u696d\u3001\u79d1\u6280\u548c\u7269\u6d41\u65b9\u9762\u7684\u512a\u52e2\uff0c\u5438\u5f15\u5982\u7f8e\u570b\u7279\u65af\u62c9\uff08Tesla\uff09\u3001\u5fb7\u570b\u535a\u4e16\uff08Bosch\uff09\u3001\u65e5\u672c\u4e09\u4e95\u4f4f\u53cb\u9280\u884c\uff08Sumitomo Mitsui Banking Corporation\uff09\u3001\u82f1\u570b\u963f\u65af\u5229\u5eb7\uff08AstraZeneca\uff09\u7b49\u570b\u969b\u696d\u754c\u9f8d\u982d\u5728\u7576\u5730\u5efa\u7acb\u7e3d\u90e8\u3002\u65b0\u52a0\u5761\u5247\u7a4d\u6975\u5be6\u884c\u4eba\u624d\u65b0\u653f\u548c\u5275\u65b0\uff0c\u4ee5\u9a45\u52d5\u767c\u5c55\u3002 \u9999\u6e2f\u64c1\u6709\u7a69\u5065\u7684\u6cd5\u6cbb\u548c\u71df\u5546\u74b0\u5883\uff0c\u80cc\u976014\u5104\u4eba\u53e3\u7684\u5167\u5730\u5e02\u5834\uff0c\u662f\u4e2d\u570b\u9762\u5411\u4e16\u754c\u7684\u91cd\u8981\u9580\u6236\uff0c\u7406\u61c9\u4f54\u8de8\u570b\u4f01\u696d\u7e3d\u90e8\u9032\u99d0\u4e4b\u5229\uff1b\u4f46\u6839\u64da\u5f6d\u535a\u884c\u696d\u7814\u7a76\uff08Bloomberg Intelligence\uff09\uff0c\u622a\u81f32023\u5e74\uff0c\u9999\u6e2f\u64c1\u6709\u4f01\u696d\u7e3d\u90e81336\u5bb6\uff0c\u53ea\u53ca\u65b0\u52a0\u5761\u7d044200\u5bb6\u7684\u4e09\u6210\u3002 \u672c\u6587\u5c07\u805a\u7126\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u5728\u7e3d\u90e8\u7d93\u6fdf\u4e00\u74b0\u7684\u5148\u9032\u7d93\u9a57\u53ca\u76f8\u95dc\u653f\u7b56\uff0c\u70ba\u9999\u6e2f\u5faa\u6b64\u4e00\u65b9\u5411\u7684\u767c\u5c55\u63a2\u7d22\u51fa\u8def\u3002 \u4e0a\u6d77\uff1a\u91cd\u9ede\u7522\u696d\u93c8\u300c\u672c\u571f\u4e00\u9ad4\u5316\u300d \u4f4d\u65bc\u4e0a\u6d77\u6771\u5357\u90e8\u7684\u81e8\u6e2f\u65b0\u7247\u5340\uff0c\u64c1\u6709\u7368\u7279\u7684\u7d9c\u5408\u5340\u4f4d\u512a\u52e2\uff0c\u901a\u904e\u5236\u5ea6\u5275\u65b0\u8ce6\u80fd\u79d1\u6280\u5275\u65b0\uff0c\u96c6\u4e2d\u767c\u5c55\u5148\u9032\u88fd\u9020\u696d\u548c\u7b56\u7565\u6027\u7522\u696d\uff0c\u5982\u7a4d\u9ad4\u96fb\u8def\u3001\u4eba\u5de5\u667a\u80fd\u3001\u65b0\u80fd\u6e90\u7b49\uff0c\u4e26\u5c0d\u7814\u767c\u3001\u88fd\u9020\u3001\u7a05\u9805\u3001\u4eba\u624d\u7d66\u4e88\u591a\u7dad\u5ea6\u653f\u7b56\u7d44\u5408\u6276\u6301\uff0c\u7279\u65af\u62c9\u548c\u4e2d\u82af\u570b\u969b\u7b49\u591a\u500b\u9f8d\u982d\u4f01\u696d\u5f62\u6210\u7684\u96c6\u805a\u6548\u61c9\uff0c\u5438\u5f15\u4e86200\u591a\u5bb6\u7522\u696d\u93c8\u914d\u5957\u4f01\u696d\u9032\u99d0\u3002 \u8209\u4f8b\u4f86\u8aaa\uff0c\u4e0a\u6d77\u5e02\u653f\u5e9c\u8207\u7279\u65af\u62c9\u57282018\u5e74\u7c3d\u8a02\u571f\u5730\u51fa\u8b93\u5408\u540c\uff0c\u4ee5\u6bcf\u65b9\u7c731125\u5143\uff08\u4eba\u6c11\u5e63\uff0e\u4e0b\u540c\uff09\u7684\u50f9\u683c\u5411\u7279\u65af\u62c9\u63d0\u4f9b\u81e8\u6e2f\u7247\u53401297\u755d\u571f\u5730\u3002\u6b64\u5916\uff0c\u4e0a\u6d77\u76f8\u95dc\u90e8\u9580\u6309\u7167\u670d\u52d9\u91cd\u5927\u9805\u76ee\u7684\u4e00\u8cab\u505a\u6cd5\uff0c\u70ba\u7279\u65af\u62c9\u5236\u5b9a\u670d\u52d9\u6e05\u55ae\uff0c\u5f9e\u7c3d\u8a02\u6295\u8cc7\u5354\u8b70\u5230\u571f\u5730\u6458\u724c\uff0c\u7279\u65af\u62c9\u9805\u76ee\u5f97\u4ee5\u52a0\u5feb\u843d\u5730\uff0c\u524d\u5f8c\u50c5\u97003\u500b\u6708\u3002\u81e8\u6e2f\u65b0\u7247\u5340\u5177\u6709\u570b\u969b\u7af6\u722d\u529b\u7684\u7a05\u6536\u5236\u5ea6\u548c\u653f\u7b56\uff0c\u5305\u62ec\u91cd\u9ede\u7522\u696d15%\u4f01\u696d\u6240\u5f97\u7a05\u512a\u60e0\uff0c\u7279\u65af\u62c9\u5c31\u662f\u9996\u6279\u4eab\u53d7\u6b64\u9805\u512a\u60e0\u7684\u4f01\u696d\u4e4b\u4e00\u3002 \u6b64\u5916\uff0c\u7279\u65af\u62c9\u5728\u4e0a\u6d77\u5efa\u5ee0\u7684\u8cc7\u91d1\u4f86\u81ea\u4e2d\u570b\u672c\u571f\u878d\u8cc7\uff0c\u5305\u62ec\u9280\u884c\u8cb8\u6b3e\u53ca\u5730\u65b9\u50b5\u52d9\uff0c\u6bcb\u9808\u8b8a\u8ce3\u80a1\u7968\u7c4c\u8cc7\u3002\u540c\u5e74\u5e74\u5e95\uff0c\u7279\u65af\u62c9\u4ee5\u5de5\u5ee0\u548c\u571f\u5730\u70ba\u62b5\u62bc\uff0c\u4f4e\u606f\u7372\u5f97\u9ad8\u905490\u5104\u5143\u7684\u9280\u884c\u8cb8\u6b3e\u3002\u7279\u65af\u62c9\u4ea6\u5229\u7528\u4e00\u7b4622.5\u5104\u5143\u7684\u7121\u64d4\u4fdd\u5468\u8f49\u91d1\u8cb8\u6b3e\u65bc\u5efa\u9020\u5de5\u5ee0\uff0c\u4ee5\u53ca\u52d5\u7528\u90e8\u5206\u8cb8\u6b3e\u4ee5\u652f\u4ed83.5\u5104\u5143\u8ca0\u50b5\u3002 \u91cd\u9ede\u7522\u696d\u93c8\u548c\u7814\u767c\u6a5f\u69cb\u96c6\u805a\uff0c\u70ba\u4f01\u696d\u63d0\u4f9b\u8c50\u5bcc\u7684\u5275\u65b0\u751f\u614b\u7cfb\u7d71\u3002\u81e8\u6e2f\u65b0\u7247\u5340\u96c6\u805a\u4e86\u5bf6\u99ac\u3001\u5927\u773e\u3001\u4e0a\u6c7d\u7b49\u77e5\u540d\u6c7d\u8eca\u54c1\u724c\uff0c\u4ee5\u53ca\u5be7\u5fb7\u6642\u4ee3\u3001\u9577\u76c8\u7cbe\u5bc6\u548c\u5747\u52dd\u96fb\u5b50\u7b49\u4f9b\u61c9\u5546\u3002\u7814\u7a76\u6a5f\u69cb\u3001\u79d1\u6280\u516c\u53f8\u548c\u65b0\u5275\u4f01\u696d\u7d44\u6210\u5275\u65b0\u751f\u614b\u7cfb\u7d71\uff0c\u5e36\u52d5\u4e86\u65b0\u80fd\u6e90\u6c7d\u8eca\u7522\u696d\u7684\u5408\u4f5c\uff0c\u5b8c\u5584\u7684\u914d\u5957\u7522\u696d\u93c8\u4e5f\u6975\u5927\u964d\u4f4e\u4e86\u7279\u65af\u62c9\u7684\u5275\u65b0\u6210\u672c\u548c\u8cbf\u6613\u904b\u8f38\u6210\u672c\u3002\u65b0\u7247\u5340\u9084\u64c1\u6709\u5927\u91cf\u5177\u6c7d\u8eca\u884c\u696d\u7d93\u9a57\u7684\u5de5\u7a0b\u5e2b\u548c\u6280\u8853\u4eba\u54e1\uff0c\u70ba\u7279\u65af\u62c9\u63d0\u4f9b\u4e86\u5168\u7522\u696d\u93c8\u7684\u4eba\u624d\u5132\u5099\u3002 \u7279\u65af\u62c9\u8d85\u7d1a\u5de5\u5ee0\u5c0d\u4e0a\u6d77\u7684\u6c7d\u8eca\u7522\u696d\u548c\u6574\u9ad4\u7d93\u6fdf\u7522\u751f\u4e86\u91cd\u5927\u5f71\u97ff\uff0c2023\u5e74\uff0c\u8a72\u5ee0\u7d2f\u8a08\u4ea4\u4ed8\u91cf\u9054\u523094.7\u842c\u8f1b\uff0c\u4f54\u8a72\u54c1\u724c\u5168\u7403\u7522\u80fd\u903e50%\uff0c\u5354\u52a9\u65b0\u80fd\u6e90\u6c7d\u8eca\u7522\u696d\u767c\u5c55\u6210\u70ba\u81e8\u6e2f\u65b0\u7247\u5340\u7d93\u6fdf\u898f\u6a21\u6700\u5927\u7684\u7522\u696d\uff0c\u6c7d\u8eca\u7522\u696d\u7522\u503c\u5f9e2019\u5e74\u7684314\u5104\u5143\uff0c\u589e\u52a0\u81f32022\u5e74\u76842413\u5104\u5143\u3002\u8d85\u7d1a\u5de5\u5ee0\u96f6\u90e8\u4ef6\u672c\u571f\u5316\u7387\u8d85\u904e95%\uff0c\u63a8\u52d5\u4f9b\u61c9\u93c8\u5925\u4f34\u7684\u5347\u7d1a\u8f49\u578b\uff0c\u5275\u9020\u4e86\u5927\u91cf\u9ad8\u6536\u5165\u53ca\u6280\u8853\u8077\u4f4d\uff0c\u4e26\u52a0\u901f\u6280\u8853\u8f49\u79fb\u548c\u5275\u65b0\u3002 \u65b0\u52a0\u5761\uff1a\u5438\u5f15TikTok\u9032\u99d0\u8981\u8a23 2019\u5e74\uff0cTikTok\u70ba\u64f4\u5c55\u5168\u7403\u696d\u52d9\uff0c\u9078\u5740\u65b0\u52a0\u5761\u4f5c\u70ba\u7e3d\u90e8\uff0c\u5176\u80cc\u5f8c\u539f\u56e0\u4e5f\u503c\u5f97\u9999\u6e2f\u501f\u9451\u3002 \u65b0\u52a0\u5761\u653f\u5e9c\u70ba\u81f4\u529b\u6253\u9020\u8de8\u570b\u516c\u53f8\u5168\u7403\u7e3d\u90e8\u548c\u7814\u767c\u4e2d\u5fc3\uff0c\u8fd1\u5e74\u63a8\u51fa\u591a\u7a2e\u7a05\u52d9\u512a\u60e0\uff0c\u4f01\u696d\u6240\u5f97\u7a05\u4ecb\u4e4e0%\u81f317%\u4e4b\u9593\u3002\u7e3d\u90e8\u4f01\u696d\u5728\u7279\u5b9a\u6642\u671f\u5167\u53ef\u4eab\u514d\u7a05\u30015%\u621610%\u7684\u512a\u60e0\u7a05\u7387\uff1b\u516c\u53f8\u7684\u7814\u767c\u8cbb\u7528\u3001\u77e5\u8b58\u7522\u6b0a\u6536\u5165\u7b49\u53ef\u4eab\u9ad8\u9054100%\u7684\u7a05\u52d9\u62b5\u6263\u3002\u6b64\u5916\uff0c\u65b0\u52a0\u5761\u548c50\u591a\u500b\u570b\u5bb6\u548c\u5730\u5340\u7c3d\u7f72\u7684\u907f\u514d\u96d9\u91cd\u5fb5\u7a05\u5354\u5b9a\uff0c\u9032\u4e00\u6b65\u964d\u4f4e\u8a2d\u7acbTikTok\u4e9e\u6d32\u7e3d\u90e8\u7684\u6210\u672c\u3002\u9664\u4e86TikTok\u5916\uff0cZoom\u3001Sea Group\u53caSHEIN\u4e5f\u7d1b\u7d1b\u5728\u8a72\u570b\u8a2d\u7acb\u5730\u5340\u7e3d\u90e8\u3002 \u5927\u91cf\u7684\u79d1\u7814\u6295\u5165\u548c\u9ad8\u7aef\u6280\u80fd\u4eba\u624d\u5eab\uff0c\u70ba\u65b0\u52a0\u5761\u7684\u9ad8\u65b0\u6280\u8853\u7522\u696d\u53ca\u73fe\u4ee3\u670d\u52d9\u696d\u5960\u5b9a\u4e86\u5805\u5be6\u57fa\u790e\u30022020\u5e74\u5e95\uff0c\u65b0\u52a0\u5761\u653f\u5e9c\u5ba3\u5e03\u5728\u4e0b\u500b5\u5e74\u63a8\u52d5\u300c\u7814\u7a76\u3001\u5275\u65b0\u8207\u4f01\u696d2025\u8a08\u5283\u300d\uff0c\u6bcf\u5e74\u628a\u672c\u5730\u751f\u7522\u7e3d\u503c\u76841%\u6295\u5165\u79d1\u7814\u5275\u65b0\uff0c\u7e3d\u8a08250\u5104\u65b0\u52a0\u5761\u5143\uff08\u7d041456\u5104\u6e2f\u5143\uff09\uff0c\u4e26\u70ba\u5404\u985e\u4f01\u696d\u7684\u79d1\u6280\u5275\u65b0\u9053\u8def\u63d0\u4f9b\u91dd\u5c0d\u6027\u652f\u6301\u3002 \u65b0\u52a0\u5761\u7684\u5927\u5b78\u4e5f\u5728\u6e90\u6e90\u4e0d\u7d55\u5730\u57f9\u990a\u79d1\u6280\u4eba\u624d\uff0c\u5c08\u6ce8\u65bc\u79d1\u5b78\u3001\u79d1\u6280\u3001\u5de5\u7a0b\u3001\u6578\u5b78\uff08STEM\uff09\u7b49\u5b78\u79d1\u3002\u7576\u5730\u653f\u5e9c\u901a\u904e\u5c31\u696d\u6e96\u8b49\u5236\u5ea6\u5927\u529b\u5f15\u9032\u9ad8\u7aef\u4eba\u624d\u548c\u7dca\u7f3a\u4eba\u624d\u3002\u53e6\u5916\uff0c\u65b0\u52a0\u5761\u512a\u8d8a\u7684\u4f4f\u623f\u5236\u5ea6\u548c\u884c\u4e4b\u6709\u6548\u7684\u516c\u7a4d\u91d1\u5236\u5ea6\uff0c\u5747\u70ba\u4eba\u624d\u7684\u5438\u5f15\u548c\u4fdd\u7559\u63d0\u4f9b\u4e86\u6975\u5927\u4fbf\u5229\u3002 \u9999\u6e2f\u548c\u65b0\u52a0\u5761\u540c\u6a23\u64c1\u6709\u4e16\u754c\u898b\u7a31\u7684\u9ad8\u6548\u653f\u5e9c\u3001\u512a\u8cea\u7684\u6a5f\u5834\u548c\u6e2f\u53e3\u7b49\u57fa\u790e\u8a2d\u65bd\uff0c\u4f46\u5728\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\u4e0a\uff0c\u9999\u6e2f\u9808\u6025\u8d77\u76f4\u8ffd\u30022023\u5e74\uff0c\u65b0\u52a0\u5761\u63a8\u51fa\u6578\u78bc\u4e92\u806f\u4e92\u901a\u767c\u5c55\u85cd\u5716\uff0c\u5168\u9762\u898f\u5283\u6574\u500b\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\uff0c\u6db5\u84cb\u8edf\u786c\u57fa\u790e\u8a2d\u65bd\uff0c\u70baTikTok\u7b49\u79d1\u6280\u4f01\u696d\u7684\u672a\u4f86\u767c\u5c55\u63d0\u4f9b\u4e86\u8a98\u56e0\u3002\u6b64\u5916\uff0c\u70ba\u63a8\u52d5\u6578\u78bc\u7d93\u6fdf\u767c\u5c55\uff0c\u65b0\u52a0\u5761\u653f\u5e9c\u5be6\u65bd\u4e86\u4eba\u5de5\u667a\u80fd\u5c08\u5229\u512a\u5148\u8a08\u5283\uff0c\u5927\u5927\u7e2e\u77ed\u4e86\u5c08\u5229\u7372\u6279\u7684\u6642\u9593\uff0c\u5982\u963f\u91cc\u5df4\u5df4\u50c5\u75283\u500b\u6708\u4fbf\u7372\u6279\u4e86\u6b64\u524d\u81f3\u5c11\u9700\u5169\u5e74\u6642\u9593\u5be9\u6838\u7684\u4eba\u5de5\u667a\u80fd\u5c08\u5229\u3002 \u9999\u6e2f\uff1a\u5b9c\u63a86\u62db\u5c55\u958b\u90e8\u7f72 \u9762\u5c0d\u7576\u524d\u65e5\u76ca\u8907\u96dc\u7684\u4e16\u754c\u5730\u7de3\u653f\u6cbb\u7d93\u6fdf\u683c\u5c40\uff0c\u5168\u7403\u7522\u696d\u5206\u5de5\u683c\u5c40\u6b63\u5728\u9010\u6b65\u8abf\u6574\uff0c\u9999\u6e2f\u8981\u6210\u529f\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\uff0c\u5fc5\u9808\u61c9\u4ed8\u5404\u7a2e\u5404\u6a23\u7684\u6311\u6230\u3002\u501f\u9451\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\u7684\u6210\u529f\u7d93\u9a57\uff0c\u9999\u6e2f\u53ef\u4ee5\u8003\u616e\u63a8\u884c\u5982\u4e0b6\u9805\u653f\u7b56\u63aa\u65bd\uff1a 1\u3001\u5c0d\u7e3d\u90e8\u7d93\u6fdf\u9032\u884c\u9577\u671f\u898f\u5283\uff1a\u53c3\u8003\u5167\u5730\u76845\u5e74\u898f\u5283\u548c\u65b0\u52a0\u5761\u7814\u7a76\u3001\u5275\u65b0\u8207\u4f01\u696d2025\u8a08\u5283\uff0c\u570d\u7e5e\u9999\u6e2f\u672a\u4f86\u7684\u767c\u5c55\u91cd\u5fc3\uff0c\u70ba\u7e3d\u90e8\u7d93\u6fdf\u767c\u5c55\u63d0\u4f9b\u7a69\u5b9a\u7684\u8cc7\u91d1\u652f\u6301\uff0c\u5c0d\u57fa\u790e\u79d1\u5b78\u7814\u767c\u3001\u77e5\u8b58\u8f49\u5316\u3001\u7522\u6b0a\u4fdd\u8b77\u7b49\u6d3b\u52d5\u9032\u884c\u6295\u8cc7\u5206\u914d\u3002\u4ee5\u672c\u5730\u7dca\u7f3a\u7684\u5c08\u696d\u8077\u4f4d\u7d66\u4e88\u7c3d\u8b49\u548c\u5c45\u7559\u6b0a\u5be9\u6279\u512a\u60e0\uff0c\u91dd\u5c0d\u6027\u5f15\u9032\u5168\u7403\u591a\u5143\u5316\u3001\u591a\u7a2e\u65cf\u4eba\u624d\u3002 2\u3001\u767c\u5c55\u5168\u65b9\u4f4d\u5275\u65b0\u653f\u7b56\u9ad4\u7cfb\u8207\u670d\u52d9\u6a5f\u5236\uff1a\u5728\u5168\u7403\u6700\u4f4e\u7a05\u7387\u65b9\u6848\uff08\u4e00\u822c\u7a31\u70ba\u300cBEPS 2.0\u300d\uff09\u4e0b\uff0c\u50b3\u7d71\u7684\u7a05\u6536\u8ca1\u653f\u512a\u60e0\u653f\u7b56\u5df2\u7d93\u5f88\u96e3\u6253\u52d5\u512a\u52e2\u4f01\u696d\u4f86\u6e2f\u8a2d\u7acb\u7e3d\u90e8\u3002\u9999\u6e2f\u8981\u70ba\u91cd\u9ede\u7522\u696d\u95dc\u9375\u74b0\u7bc0\u7684\u4f01\u696d\u63d0\u4f9b\u91dd\u5c0d\u6027\u914d\u5957\u670d\u52d9\uff0c\u5f9e\u9805\u76ee\u7c3d\u7d04\u5230\u571f\u5730\u4f9b\u61c9\uff0c\u70ba\u6574\u500b\u6d41\u7a0b\u5236\u5b9a\u5c08\u9805\u670d\u52d9\u65b9\u6848\u3002\u4e0d\u59a8\u8a2d\u7acb\u5c08\u9580\u7684\u5c0d\u63a5\u90e8\u9580\uff0c\u4ee5\u5efa\u7acb\u7a69\u5b9a\u6709\u6548\u7684\u6e9d\u901a\u670d\u52d9\u6a5f\u5236\uff1b\u91dd\u5c0d\u512a\u52e2\u4f01\u696d\u7684\u95dc\u9375\u751f\u7522\u8981\u7d20\uff0c\u4e88\u4ee5\u512a\u5148\u914d\u7f6e\u3002 3\u3001\u767c\u63ee\u9999\u6e2f\u91d1\u878d\u670d\u52d9\u696d\u512a\u52e2\uff0c\u63d0\u4f9b\u91dd\u5c0d\u6027\u548c\u591a\u6a23\u6027\u7684\u878d\u8cc7\u53ca\u8ca1\u653f\u88dc\u8cbc\uff1a\u4ee5\u7522\u696d\u6025\u9700\u7a0b\u5ea6\u548c\u50f9\u503c\u93c8\u4f4d\u7f6e\u9032\u884c\u5dee\u7570\u5316\u8abf\u6574\uff0c\u78ba\u4fdd\u653f\u7b56\u6548\u679c\u6700\u5927\u5316\uff0c\u964d\u4f4e\u4f01\u696d\u751f\u7522\u6210\u672c\u3002 4\u3001\u901a\u904e\u5317\u90e8\u90fd\u6703\u5340\u5efa\u8a2d\uff0c\u52a0\u5f37\u9999\u6e2f\u9ad8\u7aef\u88fd\u9020\u696d\u57fa\u790e\uff1a\u5728\u57fa\u790e\u8a2d\u65bd\u65b9\u9762\uff0c\u901a\u904e\u5c0d\u63a5\u5927\u7063\u5340\u5404\u57ce\u5e02\u7684\u9ad8\u7aef\u88fd\u9020\u696d\uff0c\u5b8c\u5584\u5317\u90e8\u7522\u696d\u5712\u5340\u5efa\u8a2d\uff0c\u5305\u62ec\u4ea4\u901a\u7db2\u7d61\u548c\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\u7b49\uff0c\u5438\u5f15\u9ad8\u7aef\u88fd\u9020\u696d\u7684\u4e0a\u6e38\u53ca\u4e0b\u6e38\u7522\u696d\u9032\u99d0\u3002 \u518d\u8005\uff0c\u5fc5\u9808\u6ce8\u91cd\u8207\u5927\u7063\u5340\u5176\u4ed6\u57ce\u5e02\u5206\u5de5\u5408\u4f5c\uff0c\u5c24\u5176\u662f\u501f\u529b\u6df1\u5733\u53ca\u6771\u839e\u7684\u9ad8\u7aef\u88fd\u9020\u696d\u7d93\u9a57\uff0c\u767c\u63ee\u672c\u6e2f\u7684\u4eba\u624d\u3001\u8cc7\u91d1\u53ca\u5236\u5ea6\u512a\u52e2\uff0c\u5438\u5f15\u5167\u5730\u548c\u6d77\u5916\u7684\u8de8\u570b\u4f01\u696d\u7e3d\u90e8\u843d\u6236\uff0c\u5206\u6563\u7814\u767c\u53ca\u88fd\u9020\u529f\u80fd\uff0c\u4e26\u52a0\u5f37\u9999\u6e2f\u8207\u5927\u7063\u5340\u5404\u57ce\u5e02\u7684\u7522\u696d\u96c6\u805a\u3002 5\u3001\u5728\u5317\u90e8\u90fd\u6703\u5340\u8a2d\u7acb\u4e16\u754c\u53ca\u672c\u6e2f\u4e00\u6d41\u5927\u5b78\u7684\u5206\u6821\uff1a\u6191\u85c9\u9999\u6e2f\u7684\u9ad8\u7b49\u6559\u80b2\u5f37\u52e2\uff0c\u57f9\u8a13\u65b0\u4e00\u4ee3\u7e3d\u90e8\u7d93\u6fdf\u4eba\u624d\uff0c\u4e26\u5438\u5f15\u6d77\u5916\u5e74\u8f15\u4eba\u624d\u524d\u4f86\uff0c\u70ba\u9ad8\u7aef\u7814\u767c\u578b\u7522\u696d\u6253\u597d\u57fa\u790e\uff1b\u9084\u6709\u71df\u9020\u7522\u5b78\u7814\u4e92\u52d5\uff0c\u5e36\u52d5\u79d1\u7814\u5546\u54c1\u5316\u53ca\u77e5\u8b58\u8f49\u79fb\uff0c\u52a0\u5f37\u9999\u6e2f\u61c9\u7528\u79d1\u5b78\u7814\u7a76\u57fa\u790e\u3002 6\u3001\u52a0\u5f37\u9999\u6e2f\u822a\u7a7a\u696d\u767c\u5c55\uff1a\u6253\u9020\u6210\u4e9e\u6d32\u822a\u7a7a\u6a1e\u7d10\uff0c\u6295\u8cc7\u57fa\u5efa\u4e4b\u9918\uff0c\u9084\u9808\u64f4\u5927\u5728\u6a5f\u5834\u4e0d\u540c\u90e8\u9580\u548c\u7a0b\u5e8f\u4e2d\u6578\u78bc\u79d1\u6280\u7684\u61c9\u7528\uff0c\u5305\u62ec\u904e\u95dc\u7a0b\u5e8f\uff1b\u540c\u6642\u61c9\u7a4d\u6975\u8207\u5176\u4ed6\u653f\u5e9c\u7c3d\u7f72\u96d9\u908a\u822a\u904b\u5354\u8b70\uff0c\u5728\u5ba2\u8ca8\u904b\u5169\u65b9\u9762\u589e\u5f37\u8207\u5404\u570b\uff0c\u7279\u5225\u662f\u6771\u76df\u53ca\u4e2d\u6771\u7b49\u7b56\u7565\u5925\u4f34\u7684\u806f\u901a\u6027\u3002 \u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\uff0c\u65e2\u53ef\u5e36\u4f86\u65b0\u7522\u696d\u548c\u9ad8\u589e\u503c\u7d93\u6fdf\u6d3b\u52d5\uff0c\u4ea6\u53ef\u5438\u5f15\u591a\u5143\u4eba\u624d\u53ca\u6295\u8cc7\u3002\u6b64\u8209\u6709\u52a9\u65bc\u9999\u6e2f\u63a8\u52d5\u7d93\u6fdf\u8f49\u578b\uff0c\u4e26\u63d0\u5347\u5176\u570b\u969b\u91d1\u878d\u4e2d\u5fc3\u5730\u4f4d\u53ca\u7af6\u722d\u529b\u3002 \u9127\u5e0c\u7152\u6559\u6388 \u9999\u6e2f\u5927\u5b78\u7d93\u7ba1\u5b78\u9662\u526f\u9662\u9577\uff08\u5c0d\u5916\u4e8b\u52d9\uff09\u3001\u4e9e\u6d32\u74b0\u7403\u7814\u7a76\u6240\u7e3d\u76e3\u3001\u99ae\u570b\u7d93\u99ae\u570b\u7db8\u57fa\u91d1\u7d93\u6fdf\u5b78 \uff08\u672c\u6587\u540c\u6642\u65bc\u4e8c\u96f6\u4e8c\u56db\u5e74\u4e8c\u6708\u4e8c\u5341\u516b\u65e5\u8f09\u65bc\u300a\u4fe1\u5831\u300b\u300c\u9f8d\u864e\u5c71\u4e0b\u300d\u5c08\u6b04\uff09\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/research\\\/thought-leadership\\\/hkej-column\\\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/thought-leadership\\\/hkej-column-tc\\\/#listItem\",\"name\":\"\\u9f8d\\u864e\\u5c71\\u4e0b\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/thought-leadership\\\/hkej-column-tc\\\/#listItem\",\"position\":2,\"name\":\"\\u9f8d\\u864e\\u5c71\\u4e0b\",\"item\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/thought-leadership\\\/hkej-column-tc\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/research\\\/thought-leadership\\\/hkej-column\\\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\\\/#listItem\",\"name\":\"\\u91cd\\u6574\\u9999\\u6e2f\\u7e3d\\u90e8\\u7d93\\u6fdf\\u7b56\\u7565\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/research\\\/thought-leadership\\\/hkej-column\\\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\\\/#listItem\",\"position\":3,\"name\":\"\\u91cd\\u6574\\u9999\\u6e2f\\u7e3d\\u90e8\\u7d93\\u6fdf\\u7b56\\u7565\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/thought-leadership\\\/hkej-column-tc\\\/#listItem\",\"name\":\"\\u9f8d\\u864e\\u5c71\\u4e0b\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/#organization\",\"name\":\"HKU Business School\",\"url\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/research\\\/thought-leadership\\\/hkej-column\\\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\\\/#webpage\",\"url\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/research\\\/thought-leadership\\\/hkej-column\\\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\\\/\",\"name\":\"\\u91cd\\u6574\\u9999\\u6e2f\\u7e3d\\u90e8\\u7d93\\u6fdf\\u7b56\\u7565 - HKU Business School\",\"description\":\"\\u5728\\u4e9e\\u6d32\\uff0c\\u4e0a\\u6d77\\u548c\\u65b0\\u52a0\\u5761\\u7684\\u7e3d\\u90e8\\u7d93\\u6fdf\\u767c\\u5c55\\u5c24\\u70ba\\u51fa\\u8272\\u3002\\u4e0a\\u6d77\\u5229\\u7528\\u5176\\u5728\\u88fd\\u9020\\u696d\\u3001\\u79d1\\u6280\\u548c\\u7269\\u6d41\\u65b9\\u9762\\u7684\\u512a\\u52e2\\uff0c\\u5438\\u5f15\\u5982\\u7f8e\\u570b\\u7279\\u65af\\u62c9\\uff08Tesla\\uff09\\u3001\\u5fb7\\u570b\\u535a\\u4e16\\uff08Bosch\\uff09\\u3001\\u65e5\\u672c\\u4e09\\u4e95\\u4f4f\\u53cb\\u9280\\u884c\\uff08Sumitomo Mitsui Banking Corporation\\uff09\\u3001\\u82f1\\u570b\\u963f\\u65af\\u5229\\u5eb7\\uff08AstraZeneca\\uff09\\u7b49\\u570b\\u969b\\u696d\\u754c\\u9f8d\\u982d\\u5728\\u7576\\u5730\\u5efa\\u7acb\\u7e3d\\u90e8\\u3002\\u65b0\\u52a0\\u5761\\u5247\\u7a4d\\u6975\\u5be6\\u884c\\u4eba\\u624d\\u65b0\\u653f\\u548c\\u5275\\u65b0\\uff0c\\u4ee5\\u9a45\\u52d5\\u767c\\u5c55\\u3002 \\u9999\\u6e2f\\u64c1\\u6709\\u7a69\\u5065\\u7684\\u6cd5\\u6cbb\\u548c\\u71df\\u5546\\u74b0\\u5883\\uff0c\\u80cc\\u976014\\u5104\\u4eba\\u53e3\\u7684\\u5167\\u5730\\u5e02\\u5834\\uff0c\\u662f\\u4e2d\\u570b\\u9762\\u5411\\u4e16\\u754c\\u7684\\u91cd\\u8981\\u9580\\u6236\\uff0c\\u7406\\u61c9\\u4f54\\u8de8\\u570b\\u4f01\\u696d\\u7e3d\\u90e8\\u9032\\u99d0\\u4e4b\\u5229\\uff1b\\u4f46\\u6839\\u64da\\u5f6d\\u535a\\u884c\\u696d\\u7814\\u7a76\\uff08Bloomberg Intelligence\\uff09\\uff0c\\u622a\\u81f32023\\u5e74\\uff0c\\u9999\\u6e2f\\u64c1\\u6709\\u4f01\\u696d\\u7e3d\\u90e81336\\u5bb6\\uff0c\\u53ea\\u53ca\\u65b0\\u52a0\\u5761\\u7d044200\\u5bb6\\u7684\\u4e09\\u6210\\u3002 \\u672c\\u6587\\u5c07\\u805a\\u7126\\u4e0a\\u6d77\\u548c\\u65b0\\u52a0\\u5761\\u5728\\u7e3d\\u90e8\\u7d93\\u6fdf\\u4e00\\u74b0\\u7684\\u5148\\u9032\\u7d93\\u9a57\\u53ca\\u76f8\\u95dc\\u653f\\u7b56\\uff0c\\u70ba\\u9999\\u6e2f\\u5faa\\u6b64\\u4e00\\u65b9\\u5411\\u7684\\u767c\\u5c55\\u63a2\\u7d22\\u51fa\\u8def\\u3002 \\u4e0a\\u6d77\\uff1a\\u91cd\\u9ede\\u7522\\u696d\\u93c8\\u300c\\u672c\\u571f\\u4e00\\u9ad4\\u5316\\u300d \\u4f4d\\u65bc\\u4e0a\\u6d77\\u6771\\u5357\\u90e8\\u7684\\u81e8\\u6e2f\\u65b0\\u7247\\u5340\\uff0c\\u64c1\\u6709\\u7368\\u7279\\u7684\\u7d9c\\u5408\\u5340\\u4f4d\\u512a\\u52e2\\uff0c\\u901a\\u904e\\u5236\\u5ea6\\u5275\\u65b0\\u8ce6\\u80fd\\u79d1\\u6280\\u5275\\u65b0\\uff0c\\u96c6\\u4e2d\\u767c\\u5c55\\u5148\\u9032\\u88fd\\u9020\\u696d\\u548c\\u7b56\\u7565\\u6027\\u7522\\u696d\\uff0c\\u5982\\u7a4d\\u9ad4\\u96fb\\u8def\\u3001\\u4eba\\u5de5\\u667a\\u80fd\\u3001\\u65b0\\u80fd\\u6e90\\u7b49\\uff0c\\u4e26\\u5c0d\\u7814\\u767c\\u3001\\u88fd\\u9020\\u3001\\u7a05\\u9805\\u3001\\u4eba\\u624d\\u7d66\\u4e88\\u591a\\u7dad\\u5ea6\\u653f\\u7b56\\u7d44\\u5408\\u6276\\u6301\\uff0c\\u7279\\u65af\\u62c9\\u548c\\u4e2d\\u82af\\u570b\\u969b\\u7b49\\u591a\\u500b\\u9f8d\\u982d\\u4f01\\u696d\\u5f62\\u6210\\u7684\\u96c6\\u805a\\u6548\\u61c9\\uff0c\\u5438\\u5f15\\u4e86200\\u591a\\u5bb6\\u7522\\u696d\\u93c8\\u914d\\u5957\\u4f01\\u696d\\u9032\\u99d0\\u3002 \\u8209\\u4f8b\\u4f86\\u8aaa\\uff0c\\u4e0a\\u6d77\\u5e02\\u653f\\u5e9c\\u8207\\u7279\\u65af\\u62c9\\u57282018\\u5e74\\u7c3d\\u8a02\\u571f\\u5730\\u51fa\\u8b93\\u5408\\u540c\\uff0c\\u4ee5\\u6bcf\\u65b9\\u7c731125\\u5143\\uff08\\u4eba\\u6c11\\u5e63\\uff0e\\u4e0b\\u540c\\uff09\\u7684\\u50f9\\u683c\\u5411\\u7279\\u65af\\u62c9\\u63d0\\u4f9b\\u81e8\\u6e2f\\u7247\\u53401297\\u755d\\u571f\\u5730\\u3002\\u6b64\\u5916\\uff0c\\u4e0a\\u6d77\\u76f8\\u95dc\\u90e8\\u9580\\u6309\\u7167\\u670d\\u52d9\\u91cd\\u5927\\u9805\\u76ee\\u7684\\u4e00\\u8cab\\u505a\\u6cd5\\uff0c\\u70ba\\u7279\\u65af\\u62c9\\u5236\\u5b9a\\u670d\\u52d9\\u6e05\\u55ae\\uff0c\\u5f9e\\u7c3d\\u8a02\\u6295\\u8cc7\\u5354\\u8b70\\u5230\\u571f\\u5730\\u6458\\u724c\\uff0c\\u7279\\u65af\\u62c9\\u9805\\u76ee\\u5f97\\u4ee5\\u52a0\\u5feb\\u843d\\u5730\\uff0c\\u524d\\u5f8c\\u50c5\\u97003\\u500b\\u6708\\u3002\\u81e8\\u6e2f\\u65b0\\u7247\\u5340\\u5177\\u6709\\u570b\\u969b\\u7af6\\u722d\\u529b\\u7684\\u7a05\\u6536\\u5236\\u5ea6\\u548c\\u653f\\u7b56\\uff0c\\u5305\\u62ec\\u91cd\\u9ede\\u7522\\u696d15%\\u4f01\\u696d\\u6240\\u5f97\\u7a05\\u512a\\u60e0\\uff0c\\u7279\\u65af\\u62c9\\u5c31\\u662f\\u9996\\u6279\\u4eab\\u53d7\\u6b64\\u9805\\u512a\\u60e0\\u7684\\u4f01\\u696d\\u4e4b\\u4e00\\u3002 \\u6b64\\u5916\\uff0c\\u7279\\u65af\\u62c9\\u5728\\u4e0a\\u6d77\\u5efa\\u5ee0\\u7684\\u8cc7\\u91d1\\u4f86\\u81ea\\u4e2d\\u570b\\u672c\\u571f\\u878d\\u8cc7\\uff0c\\u5305\\u62ec\\u9280\\u884c\\u8cb8\\u6b3e\\u53ca\\u5730\\u65b9\\u50b5\\u52d9\\uff0c\\u6bcb\\u9808\\u8b8a\\u8ce3\\u80a1\\u7968\\u7c4c\\u8cc7\\u3002\\u540c\\u5e74\\u5e74\\u5e95\\uff0c\\u7279\\u65af\\u62c9\\u4ee5\\u5de5\\u5ee0\\u548c\\u571f\\u5730\\u70ba\\u62b5\\u62bc\\uff0c\\u4f4e\\u606f\\u7372\\u5f97\\u9ad8\\u905490\\u5104\\u5143\\u7684\\u9280\\u884c\\u8cb8\\u6b3e\\u3002\\u7279\\u65af\\u62c9\\u4ea6\\u5229\\u7528\\u4e00\\u7b4622.5\\u5104\\u5143\\u7684\\u7121\\u64d4\\u4fdd\\u5468\\u8f49\\u91d1\\u8cb8\\u6b3e\\u65bc\\u5efa\\u9020\\u5de5\\u5ee0\\uff0c\\u4ee5\\u53ca\\u52d5\\u7528\\u90e8\\u5206\\u8cb8\\u6b3e\\u4ee5\\u652f\\u4ed83.5\\u5104\\u5143\\u8ca0\\u50b5\\u3002 \\u91cd\\u9ede\\u7522\\u696d\\u93c8\\u548c\\u7814\\u767c\\u6a5f\\u69cb\\u96c6\\u805a\\uff0c\\u70ba\\u4f01\\u696d\\u63d0\\u4f9b\\u8c50\\u5bcc\\u7684\\u5275\\u65b0\\u751f\\u614b\\u7cfb\\u7d71\\u3002\\u81e8\\u6e2f\\u65b0\\u7247\\u5340\\u96c6\\u805a\\u4e86\\u5bf6\\u99ac\\u3001\\u5927\\u773e\\u3001\\u4e0a\\u6c7d\\u7b49\\u77e5\\u540d\\u6c7d\\u8eca\\u54c1\\u724c\\uff0c\\u4ee5\\u53ca\\u5be7\\u5fb7\\u6642\\u4ee3\\u3001\\u9577\\u76c8\\u7cbe\\u5bc6\\u548c\\u5747\\u52dd\\u96fb\\u5b50\\u7b49\\u4f9b\\u61c9\\u5546\\u3002\\u7814\\u7a76\\u6a5f\\u69cb\\u3001\\u79d1\\u6280\\u516c\\u53f8\\u548c\\u65b0\\u5275\\u4f01\\u696d\\u7d44\\u6210\\u5275\\u65b0\\u751f\\u614b\\u7cfb\\u7d71\\uff0c\\u5e36\\u52d5\\u4e86\\u65b0\\u80fd\\u6e90\\u6c7d\\u8eca\\u7522\\u696d\\u7684\\u5408\\u4f5c\\uff0c\\u5b8c\\u5584\\u7684\\u914d\\u5957\\u7522\\u696d\\u93c8\\u4e5f\\u6975\\u5927\\u964d\\u4f4e\\u4e86\\u7279\\u65af\\u62c9\\u7684\\u5275\\u65b0\\u6210\\u672c\\u548c\\u8cbf\\u6613\\u904b\\u8f38\\u6210\\u672c\\u3002\\u65b0\\u7247\\u5340\\u9084\\u64c1\\u6709\\u5927\\u91cf\\u5177\\u6c7d\\u8eca\\u884c\\u696d\\u7d93\\u9a57\\u7684\\u5de5\\u7a0b\\u5e2b\\u548c\\u6280\\u8853\\u4eba\\u54e1\\uff0c\\u70ba\\u7279\\u65af\\u62c9\\u63d0\\u4f9b\\u4e86\\u5168\\u7522\\u696d\\u93c8\\u7684\\u4eba\\u624d\\u5132\\u5099\\u3002 \\u7279\\u65af\\u62c9\\u8d85\\u7d1a\\u5de5\\u5ee0\\u5c0d\\u4e0a\\u6d77\\u7684\\u6c7d\\u8eca\\u7522\\u696d\\u548c\\u6574\\u9ad4\\u7d93\\u6fdf\\u7522\\u751f\\u4e86\\u91cd\\u5927\\u5f71\\u97ff\\uff0c2023\\u5e74\\uff0c\\u8a72\\u5ee0\\u7d2f\\u8a08\\u4ea4\\u4ed8\\u91cf\\u9054\\u523094.7\\u842c\\u8f1b\\uff0c\\u4f54\\u8a72\\u54c1\\u724c\\u5168\\u7403\\u7522\\u80fd\\u903e50%\\uff0c\\u5354\\u52a9\\u65b0\\u80fd\\u6e90\\u6c7d\\u8eca\\u7522\\u696d\\u767c\\u5c55\\u6210\\u70ba\\u81e8\\u6e2f\\u65b0\\u7247\\u5340\\u7d93\\u6fdf\\u898f\\u6a21\\u6700\\u5927\\u7684\\u7522\\u696d\\uff0c\\u6c7d\\u8eca\\u7522\\u696d\\u7522\\u503c\\u5f9e2019\\u5e74\\u7684314\\u5104\\u5143\\uff0c\\u589e\\u52a0\\u81f32022\\u5e74\\u76842413\\u5104\\u5143\\u3002\\u8d85\\u7d1a\\u5de5\\u5ee0\\u96f6\\u90e8\\u4ef6\\u672c\\u571f\\u5316\\u7387\\u8d85\\u904e95%\\uff0c\\u63a8\\u52d5\\u4f9b\\u61c9\\u93c8\\u5925\\u4f34\\u7684\\u5347\\u7d1a\\u8f49\\u578b\\uff0c\\u5275\\u9020\\u4e86\\u5927\\u91cf\\u9ad8\\u6536\\u5165\\u53ca\\u6280\\u8853\\u8077\\u4f4d\\uff0c\\u4e26\\u52a0\\u901f\\u6280\\u8853\\u8f49\\u79fb\\u548c\\u5275\\u65b0\\u3002 \\u65b0\\u52a0\\u5761\\uff1a\\u5438\\u5f15TikTok\\u9032\\u99d0\\u8981\\u8a23 2019\\u5e74\\uff0cTikTok\\u70ba\\u64f4\\u5c55\\u5168\\u7403\\u696d\\u52d9\\uff0c\\u9078\\u5740\\u65b0\\u52a0\\u5761\\u4f5c\\u70ba\\u7e3d\\u90e8\\uff0c\\u5176\\u80cc\\u5f8c\\u539f\\u56e0\\u4e5f\\u503c\\u5f97\\u9999\\u6e2f\\u501f\\u9451\\u3002 \\u65b0\\u52a0\\u5761\\u653f\\u5e9c\\u70ba\\u81f4\\u529b\\u6253\\u9020\\u8de8\\u570b\\u516c\\u53f8\\u5168\\u7403\\u7e3d\\u90e8\\u548c\\u7814\\u767c\\u4e2d\\u5fc3\\uff0c\\u8fd1\\u5e74\\u63a8\\u51fa\\u591a\\u7a2e\\u7a05\\u52d9\\u512a\\u60e0\\uff0c\\u4f01\\u696d\\u6240\\u5f97\\u7a05\\u4ecb\\u4e4e0%\\u81f317%\\u4e4b\\u9593\\u3002\\u7e3d\\u90e8\\u4f01\\u696d\\u5728\\u7279\\u5b9a\\u6642\\u671f\\u5167\\u53ef\\u4eab\\u514d\\u7a05\\u30015%\\u621610%\\u7684\\u512a\\u60e0\\u7a05\\u7387\\uff1b\\u516c\\u53f8\\u7684\\u7814\\u767c\\u8cbb\\u7528\\u3001\\u77e5\\u8b58\\u7522\\u6b0a\\u6536\\u5165\\u7b49\\u53ef\\u4eab\\u9ad8\\u9054100%\\u7684\\u7a05\\u52d9\\u62b5\\u6263\\u3002\\u6b64\\u5916\\uff0c\\u65b0\\u52a0\\u5761\\u548c50\\u591a\\u500b\\u570b\\u5bb6\\u548c\\u5730\\u5340\\u7c3d\\u7f72\\u7684\\u907f\\u514d\\u96d9\\u91cd\\u5fb5\\u7a05\\u5354\\u5b9a\\uff0c\\u9032\\u4e00\\u6b65\\u964d\\u4f4e\\u8a2d\\u7acbTikTok\\u4e9e\\u6d32\\u7e3d\\u90e8\\u7684\\u6210\\u672c\\u3002\\u9664\\u4e86TikTok\\u5916\\uff0cZoom\\u3001Sea Group\\u53caSHEIN\\u4e5f\\u7d1b\\u7d1b\\u5728\\u8a72\\u570b\\u8a2d\\u7acb\\u5730\\u5340\\u7e3d\\u90e8\\u3002 \\u5927\\u91cf\\u7684\\u79d1\\u7814\\u6295\\u5165\\u548c\\u9ad8\\u7aef\\u6280\\u80fd\\u4eba\\u624d\\u5eab\\uff0c\\u70ba\\u65b0\\u52a0\\u5761\\u7684\\u9ad8\\u65b0\\u6280\\u8853\\u7522\\u696d\\u53ca\\u73fe\\u4ee3\\u670d\\u52d9\\u696d\\u5960\\u5b9a\\u4e86\\u5805\\u5be6\\u57fa\\u790e\\u30022020\\u5e74\\u5e95\\uff0c\\u65b0\\u52a0\\u5761\\u653f\\u5e9c\\u5ba3\\u5e03\\u5728\\u4e0b\\u500b5\\u5e74\\u63a8\\u52d5\\u300c\\u7814\\u7a76\\u3001\\u5275\\u65b0\\u8207\\u4f01\\u696d2025\\u8a08\\u5283\\u300d\\uff0c\\u6bcf\\u5e74\\u628a\\u672c\\u5730\\u751f\\u7522\\u7e3d\\u503c\\u76841%\\u6295\\u5165\\u79d1\\u7814\\u5275\\u65b0\\uff0c\\u7e3d\\u8a08250\\u5104\\u65b0\\u52a0\\u5761\\u5143\\uff08\\u7d041456\\u5104\\u6e2f\\u5143\\uff09\\uff0c\\u4e26\\u70ba\\u5404\\u985e\\u4f01\\u696d\\u7684\\u79d1\\u6280\\u5275\\u65b0\\u9053\\u8def\\u63d0\\u4f9b\\u91dd\\u5c0d\\u6027\\u652f\\u6301\\u3002 \\u65b0\\u52a0\\u5761\\u7684\\u5927\\u5b78\\u4e5f\\u5728\\u6e90\\u6e90\\u4e0d\\u7d55\\u5730\\u57f9\\u990a\\u79d1\\u6280\\u4eba\\u624d\\uff0c\\u5c08\\u6ce8\\u65bc\\u79d1\\u5b78\\u3001\\u79d1\\u6280\\u3001\\u5de5\\u7a0b\\u3001\\u6578\\u5b78\\uff08STEM\\uff09\\u7b49\\u5b78\\u79d1\\u3002\\u7576\\u5730\\u653f\\u5e9c\\u901a\\u904e\\u5c31\\u696d\\u6e96\\u8b49\\u5236\\u5ea6\\u5927\\u529b\\u5f15\\u9032\\u9ad8\\u7aef\\u4eba\\u624d\\u548c\\u7dca\\u7f3a\\u4eba\\u624d\\u3002\\u53e6\\u5916\\uff0c\\u65b0\\u52a0\\u5761\\u512a\\u8d8a\\u7684\\u4f4f\\u623f\\u5236\\u5ea6\\u548c\\u884c\\u4e4b\\u6709\\u6548\\u7684\\u516c\\u7a4d\\u91d1\\u5236\\u5ea6\\uff0c\\u5747\\u70ba\\u4eba\\u624d\\u7684\\u5438\\u5f15\\u548c\\u4fdd\\u7559\\u63d0\\u4f9b\\u4e86\\u6975\\u5927\\u4fbf\\u5229\\u3002 \\u9999\\u6e2f\\u548c\\u65b0\\u52a0\\u5761\\u540c\\u6a23\\u64c1\\u6709\\u4e16\\u754c\\u898b\\u7a31\\u7684\\u9ad8\\u6548\\u653f\\u5e9c\\u3001\\u512a\\u8cea\\u7684\\u6a5f\\u5834\\u548c\\u6e2f\\u53e3\\u7b49\\u57fa\\u790e\\u8a2d\\u65bd\\uff0c\\u4f46\\u5728\\u6578\\u78bc\\u57fa\\u790e\\u8a2d\\u65bd\\u4e0a\\uff0c\\u9999\\u6e2f\\u9808\\u6025\\u8d77\\u76f4\\u8ffd\\u30022023\\u5e74\\uff0c\\u65b0\\u52a0\\u5761\\u63a8\\u51fa\\u6578\\u78bc\\u4e92\\u806f\\u4e92\\u901a\\u767c\\u5c55\\u85cd\\u5716\\uff0c\\u5168\\u9762\\u898f\\u5283\\u6574\\u500b\\u6578\\u78bc\\u57fa\\u790e\\u8a2d\\u65bd\\uff0c\\u6db5\\u84cb\\u8edf\\u786c\\u57fa\\u790e\\u8a2d\\u65bd\\uff0c\\u70baTikTok\\u7b49\\u79d1\\u6280\\u4f01\\u696d\\u7684\\u672a\\u4f86\\u767c\\u5c55\\u63d0\\u4f9b\\u4e86\\u8a98\\u56e0\\u3002\\u6b64\\u5916\\uff0c\\u70ba\\u63a8\\u52d5\\u6578\\u78bc\\u7d93\\u6fdf\\u767c\\u5c55\\uff0c\\u65b0\\u52a0\\u5761\\u653f\\u5e9c\\u5be6\\u65bd\\u4e86\\u4eba\\u5de5\\u667a\\u80fd\\u5c08\\u5229\\u512a\\u5148\\u8a08\\u5283\\uff0c\\u5927\\u5927\\u7e2e\\u77ed\\u4e86\\u5c08\\u5229\\u7372\\u6279\\u7684\\u6642\\u9593\\uff0c\\u5982\\u963f\\u91cc\\u5df4\\u5df4\\u50c5\\u75283\\u500b\\u6708\\u4fbf\\u7372\\u6279\\u4e86\\u6b64\\u524d\\u81f3\\u5c11\\u9700\\u5169\\u5e74\\u6642\\u9593\\u5be9\\u6838\\u7684\\u4eba\\u5de5\\u667a\\u80fd\\u5c08\\u5229\\u3002 \\u9999\\u6e2f\\uff1a\\u5b9c\\u63a86\\u62db\\u5c55\\u958b\\u90e8\\u7f72 \\u9762\\u5c0d\\u7576\\u524d\\u65e5\\u76ca\\u8907\\u96dc\\u7684\\u4e16\\u754c\\u5730\\u7de3\\u653f\\u6cbb\\u7d93\\u6fdf\\u683c\\u5c40\\uff0c\\u5168\\u7403\\u7522\\u696d\\u5206\\u5de5\\u683c\\u5c40\\u6b63\\u5728\\u9010\\u6b65\\u8abf\\u6574\\uff0c\\u9999\\u6e2f\\u8981\\u6210\\u529f\\u767c\\u5c55\\u7e3d\\u90e8\\u7d93\\u6fdf\\uff0c\\u5fc5\\u9808\\u61c9\\u4ed8\\u5404\\u7a2e\\u5404\\u6a23\\u7684\\u6311\\u6230\\u3002\\u501f\\u9451\\u4e0a\\u6d77\\u548c\\u65b0\\u52a0\\u5761\\u767c\\u5c55\\u7e3d\\u90e8\\u7d93\\u6fdf\\u7684\\u6210\\u529f\\u7d93\\u9a57\\uff0c\\u9999\\u6e2f\\u53ef\\u4ee5\\u8003\\u616e\\u63a8\\u884c\\u5982\\u4e0b6\\u9805\\u653f\\u7b56\\u63aa\\u65bd\\uff1a 1\\u3001\\u5c0d\\u7e3d\\u90e8\\u7d93\\u6fdf\\u9032\\u884c\\u9577\\u671f\\u898f\\u5283\\uff1a\\u53c3\\u8003\\u5167\\u5730\\u76845\\u5e74\\u898f\\u5283\\u548c\\u65b0\\u52a0\\u5761\\u7814\\u7a76\\u3001\\u5275\\u65b0\\u8207\\u4f01\\u696d2025\\u8a08\\u5283\\uff0c\\u570d\\u7e5e\\u9999\\u6e2f\\u672a\\u4f86\\u7684\\u767c\\u5c55\\u91cd\\u5fc3\\uff0c\\u70ba\\u7e3d\\u90e8\\u7d93\\u6fdf\\u767c\\u5c55\\u63d0\\u4f9b\\u7a69\\u5b9a\\u7684\\u8cc7\\u91d1\\u652f\\u6301\\uff0c\\u5c0d\\u57fa\\u790e\\u79d1\\u5b78\\u7814\\u767c\\u3001\\u77e5\\u8b58\\u8f49\\u5316\\u3001\\u7522\\u6b0a\\u4fdd\\u8b77\\u7b49\\u6d3b\\u52d5\\u9032\\u884c\\u6295\\u8cc7\\u5206\\u914d\\u3002\\u4ee5\\u672c\\u5730\\u7dca\\u7f3a\\u7684\\u5c08\\u696d\\u8077\\u4f4d\\u7d66\\u4e88\\u7c3d\\u8b49\\u548c\\u5c45\\u7559\\u6b0a\\u5be9\\u6279\\u512a\\u60e0\\uff0c\\u91dd\\u5c0d\\u6027\\u5f15\\u9032\\u5168\\u7403\\u591a\\u5143\\u5316\\u3001\\u591a\\u7a2e\\u65cf\\u4eba\\u624d\\u3002 2\\u3001\\u767c\\u5c55\\u5168\\u65b9\\u4f4d\\u5275\\u65b0\\u653f\\u7b56\\u9ad4\\u7cfb\\u8207\\u670d\\u52d9\\u6a5f\\u5236\\uff1a\\u5728\\u5168\\u7403\\u6700\\u4f4e\\u7a05\\u7387\\u65b9\\u6848\\uff08\\u4e00\\u822c\\u7a31\\u70ba\\u300cBEPS 2.0\\u300d\\uff09\\u4e0b\\uff0c\\u50b3\\u7d71\\u7684\\u7a05\\u6536\\u8ca1\\u653f\\u512a\\u60e0\\u653f\\u7b56\\u5df2\\u7d93\\u5f88\\u96e3\\u6253\\u52d5\\u512a\\u52e2\\u4f01\\u696d\\u4f86\\u6e2f\\u8a2d\\u7acb\\u7e3d\\u90e8\\u3002\\u9999\\u6e2f\\u8981\\u70ba\\u91cd\\u9ede\\u7522\\u696d\\u95dc\\u9375\\u74b0\\u7bc0\\u7684\\u4f01\\u696d\\u63d0\\u4f9b\\u91dd\\u5c0d\\u6027\\u914d\\u5957\\u670d\\u52d9\\uff0c\\u5f9e\\u9805\\u76ee\\u7c3d\\u7d04\\u5230\\u571f\\u5730\\u4f9b\\u61c9\\uff0c\\u70ba\\u6574\\u500b\\u6d41\\u7a0b\\u5236\\u5b9a\\u5c08\\u9805\\u670d\\u52d9\\u65b9\\u6848\\u3002\\u4e0d\\u59a8\\u8a2d\\u7acb\\u5c08\\u9580\\u7684\\u5c0d\\u63a5\\u90e8\\u9580\\uff0c\\u4ee5\\u5efa\\u7acb\\u7a69\\u5b9a\\u6709\\u6548\\u7684\\u6e9d\\u901a\\u670d\\u52d9\\u6a5f\\u5236\\uff1b\\u91dd\\u5c0d\\u512a\\u52e2\\u4f01\\u696d\\u7684\\u95dc\\u9375\\u751f\\u7522\\u8981\\u7d20\\uff0c\\u4e88\\u4ee5\\u512a\\u5148\\u914d\\u7f6e\\u3002 3\\u3001\\u767c\\u63ee\\u9999\\u6e2f\\u91d1\\u878d\\u670d\\u52d9\\u696d\\u512a\\u52e2\\uff0c\\u63d0\\u4f9b\\u91dd\\u5c0d\\u6027\\u548c\\u591a\\u6a23\\u6027\\u7684\\u878d\\u8cc7\\u53ca\\u8ca1\\u653f\\u88dc\\u8cbc\\uff1a\\u4ee5\\u7522\\u696d\\u6025\\u9700\\u7a0b\\u5ea6\\u548c\\u50f9\\u503c\\u93c8\\u4f4d\\u7f6e\\u9032\\u884c\\u5dee\\u7570\\u5316\\u8abf\\u6574\\uff0c\\u78ba\\u4fdd\\u653f\\u7b56\\u6548\\u679c\\u6700\\u5927\\u5316\\uff0c\\u964d\\u4f4e\\u4f01\\u696d\\u751f\\u7522\\u6210\\u672c\\u3002 4\\u3001\\u901a\\u904e\\u5317\\u90e8\\u90fd\\u6703\\u5340\\u5efa\\u8a2d\\uff0c\\u52a0\\u5f37\\u9999\\u6e2f\\u9ad8\\u7aef\\u88fd\\u9020\\u696d\\u57fa\\u790e\\uff1a\\u5728\\u57fa\\u790e\\u8a2d\\u65bd\\u65b9\\u9762\\uff0c\\u901a\\u904e\\u5c0d\\u63a5\\u5927\\u7063\\u5340\\u5404\\u57ce\\u5e02\\u7684\\u9ad8\\u7aef\\u88fd\\u9020\\u696d\\uff0c\\u5b8c\\u5584\\u5317\\u90e8\\u7522\\u696d\\u5712\\u5340\\u5efa\\u8a2d\\uff0c\\u5305\\u62ec\\u4ea4\\u901a\\u7db2\\u7d61\\u548c\\u6578\\u78bc\\u57fa\\u790e\\u8a2d\\u65bd\\u7b49\\uff0c\\u5438\\u5f15\\u9ad8\\u7aef\\u88fd\\u9020\\u696d\\u7684\\u4e0a\\u6e38\\u53ca\\u4e0b\\u6e38\\u7522\\u696d\\u9032\\u99d0\\u3002 \\u518d\\u8005\\uff0c\\u5fc5\\u9808\\u6ce8\\u91cd\\u8207\\u5927\\u7063\\u5340\\u5176\\u4ed6\\u57ce\\u5e02\\u5206\\u5de5\\u5408\\u4f5c\\uff0c\\u5c24\\u5176\\u662f\\u501f\\u529b\\u6df1\\u5733\\u53ca\\u6771\\u839e\\u7684\\u9ad8\\u7aef\\u88fd\\u9020\\u696d\\u7d93\\u9a57\\uff0c\\u767c\\u63ee\\u672c\\u6e2f\\u7684\\u4eba\\u624d\\u3001\\u8cc7\\u91d1\\u53ca\\u5236\\u5ea6\\u512a\\u52e2\\uff0c\\u5438\\u5f15\\u5167\\u5730\\u548c\\u6d77\\u5916\\u7684\\u8de8\\u570b\\u4f01\\u696d\\u7e3d\\u90e8\\u843d\\u6236\\uff0c\\u5206\\u6563\\u7814\\u767c\\u53ca\\u88fd\\u9020\\u529f\\u80fd\\uff0c\\u4e26\\u52a0\\u5f37\\u9999\\u6e2f\\u8207\\u5927\\u7063\\u5340\\u5404\\u57ce\\u5e02\\u7684\\u7522\\u696d\\u96c6\\u805a\\u3002 5\\u3001\\u5728\\u5317\\u90e8\\u90fd\\u6703\\u5340\\u8a2d\\u7acb\\u4e16\\u754c\\u53ca\\u672c\\u6e2f\\u4e00\\u6d41\\u5927\\u5b78\\u7684\\u5206\\u6821\\uff1a\\u6191\\u85c9\\u9999\\u6e2f\\u7684\\u9ad8\\u7b49\\u6559\\u80b2\\u5f37\\u52e2\\uff0c\\u57f9\\u8a13\\u65b0\\u4e00\\u4ee3\\u7e3d\\u90e8\\u7d93\\u6fdf\\u4eba\\u624d\\uff0c\\u4e26\\u5438\\u5f15\\u6d77\\u5916\\u5e74\\u8f15\\u4eba\\u624d\\u524d\\u4f86\\uff0c\\u70ba\\u9ad8\\u7aef\\u7814\\u767c\\u578b\\u7522\\u696d\\u6253\\u597d\\u57fa\\u790e\\uff1b\\u9084\\u6709\\u71df\\u9020\\u7522\\u5b78\\u7814\\u4e92\\u52d5\\uff0c\\u5e36\\u52d5\\u79d1\\u7814\\u5546\\u54c1\\u5316\\u53ca\\u77e5\\u8b58\\u8f49\\u79fb\\uff0c\\u52a0\\u5f37\\u9999\\u6e2f\\u61c9\\u7528\\u79d1\\u5b78\\u7814\\u7a76\\u57fa\\u790e\\u3002 6\\u3001\\u52a0\\u5f37\\u9999\\u6e2f\\u822a\\u7a7a\\u696d\\u767c\\u5c55\\uff1a\\u6253\\u9020\\u6210\\u4e9e\\u6d32\\u822a\\u7a7a\\u6a1e\\u7d10\\uff0c\\u6295\\u8cc7\\u57fa\\u5efa\\u4e4b\\u9918\\uff0c\\u9084\\u9808\\u64f4\\u5927\\u5728\\u6a5f\\u5834\\u4e0d\\u540c\\u90e8\\u9580\\u548c\\u7a0b\\u5e8f\\u4e2d\\u6578\\u78bc\\u79d1\\u6280\\u7684\\u61c9\\u7528\\uff0c\\u5305\\u62ec\\u904e\\u95dc\\u7a0b\\u5e8f\\uff1b\\u540c\\u6642\\u61c9\\u7a4d\\u6975\\u8207\\u5176\\u4ed6\\u653f\\u5e9c\\u7c3d\\u7f72\\u96d9\\u908a\\u822a\\u904b\\u5354\\u8b70\\uff0c\\u5728\\u5ba2\\u8ca8\\u904b\\u5169\\u65b9\\u9762\\u589e\\u5f37\\u8207\\u5404\\u570b\\uff0c\\u7279\\u5225\\u662f\\u6771\\u76df\\u53ca\\u4e2d\\u6771\\u7b49\\u7b56\\u7565\\u5925\\u4f34\\u7684\\u806f\\u901a\\u6027\\u3002 \\u767c\\u5c55\\u7e3d\\u90e8\\u7d93\\u6fdf\\uff0c\\u65e2\\u53ef\\u5e36\\u4f86\\u65b0\\u7522\\u696d\\u548c\\u9ad8\\u589e\\u503c\\u7d93\\u6fdf\\u6d3b\\u52d5\\uff0c\\u4ea6\\u53ef\\u5438\\u5f15\\u591a\\u5143\\u4eba\\u624d\\u53ca\\u6295\\u8cc7\\u3002\\u6b64\\u8209\\u6709\\u52a9\\u65bc\\u9999\\u6e2f\\u63a8\\u52d5\\u7d93\\u6fdf\\u8f49\\u578b\\uff0c\\u4e26\\u63d0\\u5347\\u5176\\u570b\\u969b\\u91d1\\u878d\\u4e2d\\u5fc3\\u5730\\u4f4d\\u53ca\\u7af6\\u722d\\u529b\\u3002 \\u9127\\u5e0c\\u7152\\u6559\\u6388 \\u9999\\u6e2f\\u5927\\u5b78\\u7d93\\u7ba1\\u5b78\\u9662\\u526f\\u9662\\u9577\\uff08\\u5c0d\\u5916\\u4e8b\\u52d9\\uff09\\u3001\\u4e9e\\u6d32\\u74b0\\u7403\\u7814\\u7a76\\u6240\\u7e3d\\u76e3\\u3001\\u99ae\\u570b\\u7d93\\u99ae\\u570b\\u7db8\\u57fa\\u91d1\\u7d93\\u6fdf\\u5b78 \\uff08\\u672c\\u6587\\u540c\\u6642\\u65bc\\u4e8c\\u96f6\\u4e8c\\u56db\\u5e74\\u4e8c\\u6708\\u4e8c\\u5341\\u516b\\u65e5\\u8f09\\u65bc\\u300a\\u4fe1\\u5831\\u300b\\u300c\\u9f8d\\u864e\\u5c71\\u4e0b\\u300d\\u5c08\\u6b04\\uff09\",\"inLanguage\":\"zh-HK\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/research\\\/thought-leadership\\\/hkej-column\\\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\\\/#breadcrumblist\"},\"datePublished\":\"2024-03-06T11:15:50+08:00\",\"dateModified\":\"2024-03-06T11:15:50+08:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/#website\",\"url\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/\",\"name\":\"HKU Business School\",\"inLanguage\":\"zh-HK\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/tc\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"\u91cd\u6574\u9999\u6e2f\u7e3d\u90e8\u7d93\u6fdf\u7b56\u7565 - HKU Business School","description":"\u5728\u4e9e\u6d32\uff0c\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u7684\u7e3d\u90e8\u7d93\u6fdf\u767c\u5c55\u5c24\u70ba\u51fa\u8272\u3002\u4e0a\u6d77\u5229\u7528\u5176\u5728\u88fd\u9020\u696d\u3001\u79d1\u6280\u548c\u7269\u6d41\u65b9\u9762\u7684\u512a\u52e2\uff0c\u5438\u5f15\u5982\u7f8e\u570b\u7279\u65af\u62c9\uff08Tesla\uff09\u3001\u5fb7\u570b\u535a\u4e16\uff08Bosch\uff09\u3001\u65e5\u672c\u4e09\u4e95\u4f4f\u53cb\u9280\u884c\uff08Sumitomo Mitsui Banking Corporation\uff09\u3001\u82f1\u570b\u963f\u65af\u5229\u5eb7\uff08AstraZeneca\uff09\u7b49\u570b\u969b\u696d\u754c\u9f8d\u982d\u5728\u7576\u5730\u5efa\u7acb\u7e3d\u90e8\u3002\u65b0\u52a0\u5761\u5247\u7a4d\u6975\u5be6\u884c\u4eba\u624d\u65b0\u653f\u548c\u5275\u65b0\uff0c\u4ee5\u9a45\u52d5\u767c\u5c55\u3002 \u9999\u6e2f\u64c1\u6709\u7a69\u5065\u7684\u6cd5\u6cbb\u548c\u71df\u5546\u74b0\u5883\uff0c\u80cc\u976014\u5104\u4eba\u53e3\u7684\u5167\u5730\u5e02\u5834\uff0c\u662f\u4e2d\u570b\u9762\u5411\u4e16\u754c\u7684\u91cd\u8981\u9580\u6236\uff0c\u7406\u61c9\u4f54\u8de8\u570b\u4f01\u696d\u7e3d\u90e8\u9032\u99d0\u4e4b\u5229\uff1b\u4f46\u6839\u64da\u5f6d\u535a\u884c\u696d\u7814\u7a76\uff08Bloomberg Intelligence\uff09\uff0c\u622a\u81f32023\u5e74\uff0c\u9999\u6e2f\u64c1\u6709\u4f01\u696d\u7e3d\u90e81336\u5bb6\uff0c\u53ea\u53ca\u65b0\u52a0\u5761\u7d044200\u5bb6\u7684\u4e09\u6210\u3002 \u672c\u6587\u5c07\u805a\u7126\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u5728\u7e3d\u90e8\u7d93\u6fdf\u4e00\u74b0\u7684\u5148\u9032\u7d93\u9a57\u53ca\u76f8\u95dc\u653f\u7b56\uff0c\u70ba\u9999\u6e2f\u5faa\u6b64\u4e00\u65b9\u5411\u7684\u767c\u5c55\u63a2\u7d22\u51fa\u8def\u3002 \u4e0a\u6d77\uff1a\u91cd\u9ede\u7522\u696d\u93c8\u300c\u672c\u571f\u4e00\u9ad4\u5316\u300d \u4f4d\u65bc\u4e0a\u6d77\u6771\u5357\u90e8\u7684\u81e8\u6e2f\u65b0\u7247\u5340\uff0c\u64c1\u6709\u7368\u7279\u7684\u7d9c\u5408\u5340\u4f4d\u512a\u52e2\uff0c\u901a\u904e\u5236\u5ea6\u5275\u65b0\u8ce6\u80fd\u79d1\u6280\u5275\u65b0\uff0c\u96c6\u4e2d\u767c\u5c55\u5148\u9032\u88fd\u9020\u696d\u548c\u7b56\u7565\u6027\u7522\u696d\uff0c\u5982\u7a4d\u9ad4\u96fb\u8def\u3001\u4eba\u5de5\u667a\u80fd\u3001\u65b0\u80fd\u6e90\u7b49\uff0c\u4e26\u5c0d\u7814\u767c\u3001\u88fd\u9020\u3001\u7a05\u9805\u3001\u4eba\u624d\u7d66\u4e88\u591a\u7dad\u5ea6\u653f\u7b56\u7d44\u5408\u6276\u6301\uff0c\u7279\u65af\u62c9\u548c\u4e2d\u82af\u570b\u969b\u7b49\u591a\u500b\u9f8d\u982d\u4f01\u696d\u5f62\u6210\u7684\u96c6\u805a\u6548\u61c9\uff0c\u5438\u5f15\u4e86200\u591a\u5bb6\u7522\u696d\u93c8\u914d\u5957\u4f01\u696d\u9032\u99d0\u3002 \u8209\u4f8b\u4f86\u8aaa\uff0c\u4e0a\u6d77\u5e02\u653f\u5e9c\u8207\u7279\u65af\u62c9\u57282018\u5e74\u7c3d\u8a02\u571f\u5730\u51fa\u8b93\u5408\u540c\uff0c\u4ee5\u6bcf\u65b9\u7c731125\u5143\uff08\u4eba\u6c11\u5e63\uff0e\u4e0b\u540c\uff09\u7684\u50f9\u683c\u5411\u7279\u65af\u62c9\u63d0\u4f9b\u81e8\u6e2f\u7247\u53401297\u755d\u571f\u5730\u3002\u6b64\u5916\uff0c\u4e0a\u6d77\u76f8\u95dc\u90e8\u9580\u6309\u7167\u670d\u52d9\u91cd\u5927\u9805\u76ee\u7684\u4e00\u8cab\u505a\u6cd5\uff0c\u70ba\u7279\u65af\u62c9\u5236\u5b9a\u670d\u52d9\u6e05\u55ae\uff0c\u5f9e\u7c3d\u8a02\u6295\u8cc7\u5354\u8b70\u5230\u571f\u5730\u6458\u724c\uff0c\u7279\u65af\u62c9\u9805\u76ee\u5f97\u4ee5\u52a0\u5feb\u843d\u5730\uff0c\u524d\u5f8c\u50c5\u97003\u500b\u6708\u3002\u81e8\u6e2f\u65b0\u7247\u5340\u5177\u6709\u570b\u969b\u7af6\u722d\u529b\u7684\u7a05\u6536\u5236\u5ea6\u548c\u653f\u7b56\uff0c\u5305\u62ec\u91cd\u9ede\u7522\u696d15%\u4f01\u696d\u6240\u5f97\u7a05\u512a\u60e0\uff0c\u7279\u65af\u62c9\u5c31\u662f\u9996\u6279\u4eab\u53d7\u6b64\u9805\u512a\u60e0\u7684\u4f01\u696d\u4e4b\u4e00\u3002 \u6b64\u5916\uff0c\u7279\u65af\u62c9\u5728\u4e0a\u6d77\u5efa\u5ee0\u7684\u8cc7\u91d1\u4f86\u81ea\u4e2d\u570b\u672c\u571f\u878d\u8cc7\uff0c\u5305\u62ec\u9280\u884c\u8cb8\u6b3e\u53ca\u5730\u65b9\u50b5\u52d9\uff0c\u6bcb\u9808\u8b8a\u8ce3\u80a1\u7968\u7c4c\u8cc7\u3002\u540c\u5e74\u5e74\u5e95\uff0c\u7279\u65af\u62c9\u4ee5\u5de5\u5ee0\u548c\u571f\u5730\u70ba\u62b5\u62bc\uff0c\u4f4e\u606f\u7372\u5f97\u9ad8\u905490\u5104\u5143\u7684\u9280\u884c\u8cb8\u6b3e\u3002\u7279\u65af\u62c9\u4ea6\u5229\u7528\u4e00\u7b4622.5\u5104\u5143\u7684\u7121\u64d4\u4fdd\u5468\u8f49\u91d1\u8cb8\u6b3e\u65bc\u5efa\u9020\u5de5\u5ee0\uff0c\u4ee5\u53ca\u52d5\u7528\u90e8\u5206\u8cb8\u6b3e\u4ee5\u652f\u4ed83.5\u5104\u5143\u8ca0\u50b5\u3002 \u91cd\u9ede\u7522\u696d\u93c8\u548c\u7814\u767c\u6a5f\u69cb\u96c6\u805a\uff0c\u70ba\u4f01\u696d\u63d0\u4f9b\u8c50\u5bcc\u7684\u5275\u65b0\u751f\u614b\u7cfb\u7d71\u3002\u81e8\u6e2f\u65b0\u7247\u5340\u96c6\u805a\u4e86\u5bf6\u99ac\u3001\u5927\u773e\u3001\u4e0a\u6c7d\u7b49\u77e5\u540d\u6c7d\u8eca\u54c1\u724c\uff0c\u4ee5\u53ca\u5be7\u5fb7\u6642\u4ee3\u3001\u9577\u76c8\u7cbe\u5bc6\u548c\u5747\u52dd\u96fb\u5b50\u7b49\u4f9b\u61c9\u5546\u3002\u7814\u7a76\u6a5f\u69cb\u3001\u79d1\u6280\u516c\u53f8\u548c\u65b0\u5275\u4f01\u696d\u7d44\u6210\u5275\u65b0\u751f\u614b\u7cfb\u7d71\uff0c\u5e36\u52d5\u4e86\u65b0\u80fd\u6e90\u6c7d\u8eca\u7522\u696d\u7684\u5408\u4f5c\uff0c\u5b8c\u5584\u7684\u914d\u5957\u7522\u696d\u93c8\u4e5f\u6975\u5927\u964d\u4f4e\u4e86\u7279\u65af\u62c9\u7684\u5275\u65b0\u6210\u672c\u548c\u8cbf\u6613\u904b\u8f38\u6210\u672c\u3002\u65b0\u7247\u5340\u9084\u64c1\u6709\u5927\u91cf\u5177\u6c7d\u8eca\u884c\u696d\u7d93\u9a57\u7684\u5de5\u7a0b\u5e2b\u548c\u6280\u8853\u4eba\u54e1\uff0c\u70ba\u7279\u65af\u62c9\u63d0\u4f9b\u4e86\u5168\u7522\u696d\u93c8\u7684\u4eba\u624d\u5132\u5099\u3002 \u7279\u65af\u62c9\u8d85\u7d1a\u5de5\u5ee0\u5c0d\u4e0a\u6d77\u7684\u6c7d\u8eca\u7522\u696d\u548c\u6574\u9ad4\u7d93\u6fdf\u7522\u751f\u4e86\u91cd\u5927\u5f71\u97ff\uff0c2023\u5e74\uff0c\u8a72\u5ee0\u7d2f\u8a08\u4ea4\u4ed8\u91cf\u9054\u523094.7\u842c\u8f1b\uff0c\u4f54\u8a72\u54c1\u724c\u5168\u7403\u7522\u80fd\u903e50%\uff0c\u5354\u52a9\u65b0\u80fd\u6e90\u6c7d\u8eca\u7522\u696d\u767c\u5c55\u6210\u70ba\u81e8\u6e2f\u65b0\u7247\u5340\u7d93\u6fdf\u898f\u6a21\u6700\u5927\u7684\u7522\u696d\uff0c\u6c7d\u8eca\u7522\u696d\u7522\u503c\u5f9e2019\u5e74\u7684314\u5104\u5143\uff0c\u589e\u52a0\u81f32022\u5e74\u76842413\u5104\u5143\u3002\u8d85\u7d1a\u5de5\u5ee0\u96f6\u90e8\u4ef6\u672c\u571f\u5316\u7387\u8d85\u904e95%\uff0c\u63a8\u52d5\u4f9b\u61c9\u93c8\u5925\u4f34\u7684\u5347\u7d1a\u8f49\u578b\uff0c\u5275\u9020\u4e86\u5927\u91cf\u9ad8\u6536\u5165\u53ca\u6280\u8853\u8077\u4f4d\uff0c\u4e26\u52a0\u901f\u6280\u8853\u8f49\u79fb\u548c\u5275\u65b0\u3002 \u65b0\u52a0\u5761\uff1a\u5438\u5f15TikTok\u9032\u99d0\u8981\u8a23 2019\u5e74\uff0cTikTok\u70ba\u64f4\u5c55\u5168\u7403\u696d\u52d9\uff0c\u9078\u5740\u65b0\u52a0\u5761\u4f5c\u70ba\u7e3d\u90e8\uff0c\u5176\u80cc\u5f8c\u539f\u56e0\u4e5f\u503c\u5f97\u9999\u6e2f\u501f\u9451\u3002 \u65b0\u52a0\u5761\u653f\u5e9c\u70ba\u81f4\u529b\u6253\u9020\u8de8\u570b\u516c\u53f8\u5168\u7403\u7e3d\u90e8\u548c\u7814\u767c\u4e2d\u5fc3\uff0c\u8fd1\u5e74\u63a8\u51fa\u591a\u7a2e\u7a05\u52d9\u512a\u60e0\uff0c\u4f01\u696d\u6240\u5f97\u7a05\u4ecb\u4e4e0%\u81f317%\u4e4b\u9593\u3002\u7e3d\u90e8\u4f01\u696d\u5728\u7279\u5b9a\u6642\u671f\u5167\u53ef\u4eab\u514d\u7a05\u30015%\u621610%\u7684\u512a\u60e0\u7a05\u7387\uff1b\u516c\u53f8\u7684\u7814\u767c\u8cbb\u7528\u3001\u77e5\u8b58\u7522\u6b0a\u6536\u5165\u7b49\u53ef\u4eab\u9ad8\u9054100%\u7684\u7a05\u52d9\u62b5\u6263\u3002\u6b64\u5916\uff0c\u65b0\u52a0\u5761\u548c50\u591a\u500b\u570b\u5bb6\u548c\u5730\u5340\u7c3d\u7f72\u7684\u907f\u514d\u96d9\u91cd\u5fb5\u7a05\u5354\u5b9a\uff0c\u9032\u4e00\u6b65\u964d\u4f4e\u8a2d\u7acbTikTok\u4e9e\u6d32\u7e3d\u90e8\u7684\u6210\u672c\u3002\u9664\u4e86TikTok\u5916\uff0cZoom\u3001Sea Group\u53caSHEIN\u4e5f\u7d1b\u7d1b\u5728\u8a72\u570b\u8a2d\u7acb\u5730\u5340\u7e3d\u90e8\u3002 \u5927\u91cf\u7684\u79d1\u7814\u6295\u5165\u548c\u9ad8\u7aef\u6280\u80fd\u4eba\u624d\u5eab\uff0c\u70ba\u65b0\u52a0\u5761\u7684\u9ad8\u65b0\u6280\u8853\u7522\u696d\u53ca\u73fe\u4ee3\u670d\u52d9\u696d\u5960\u5b9a\u4e86\u5805\u5be6\u57fa\u790e\u30022020\u5e74\u5e95\uff0c\u65b0\u52a0\u5761\u653f\u5e9c\u5ba3\u5e03\u5728\u4e0b\u500b5\u5e74\u63a8\u52d5\u300c\u7814\u7a76\u3001\u5275\u65b0\u8207\u4f01\u696d2025\u8a08\u5283\u300d\uff0c\u6bcf\u5e74\u628a\u672c\u5730\u751f\u7522\u7e3d\u503c\u76841%\u6295\u5165\u79d1\u7814\u5275\u65b0\uff0c\u7e3d\u8a08250\u5104\u65b0\u52a0\u5761\u5143\uff08\u7d041456\u5104\u6e2f\u5143\uff09\uff0c\u4e26\u70ba\u5404\u985e\u4f01\u696d\u7684\u79d1\u6280\u5275\u65b0\u9053\u8def\u63d0\u4f9b\u91dd\u5c0d\u6027\u652f\u6301\u3002 \u65b0\u52a0\u5761\u7684\u5927\u5b78\u4e5f\u5728\u6e90\u6e90\u4e0d\u7d55\u5730\u57f9\u990a\u79d1\u6280\u4eba\u624d\uff0c\u5c08\u6ce8\u65bc\u79d1\u5b78\u3001\u79d1\u6280\u3001\u5de5\u7a0b\u3001\u6578\u5b78\uff08STEM\uff09\u7b49\u5b78\u79d1\u3002\u7576\u5730\u653f\u5e9c\u901a\u904e\u5c31\u696d\u6e96\u8b49\u5236\u5ea6\u5927\u529b\u5f15\u9032\u9ad8\u7aef\u4eba\u624d\u548c\u7dca\u7f3a\u4eba\u624d\u3002\u53e6\u5916\uff0c\u65b0\u52a0\u5761\u512a\u8d8a\u7684\u4f4f\u623f\u5236\u5ea6\u548c\u884c\u4e4b\u6709\u6548\u7684\u516c\u7a4d\u91d1\u5236\u5ea6\uff0c\u5747\u70ba\u4eba\u624d\u7684\u5438\u5f15\u548c\u4fdd\u7559\u63d0\u4f9b\u4e86\u6975\u5927\u4fbf\u5229\u3002 \u9999\u6e2f\u548c\u65b0\u52a0\u5761\u540c\u6a23\u64c1\u6709\u4e16\u754c\u898b\u7a31\u7684\u9ad8\u6548\u653f\u5e9c\u3001\u512a\u8cea\u7684\u6a5f\u5834\u548c\u6e2f\u53e3\u7b49\u57fa\u790e\u8a2d\u65bd\uff0c\u4f46\u5728\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\u4e0a\uff0c\u9999\u6e2f\u9808\u6025\u8d77\u76f4\u8ffd\u30022023\u5e74\uff0c\u65b0\u52a0\u5761\u63a8\u51fa\u6578\u78bc\u4e92\u806f\u4e92\u901a\u767c\u5c55\u85cd\u5716\uff0c\u5168\u9762\u898f\u5283\u6574\u500b\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\uff0c\u6db5\u84cb\u8edf\u786c\u57fa\u790e\u8a2d\u65bd\uff0c\u70baTikTok\u7b49\u79d1\u6280\u4f01\u696d\u7684\u672a\u4f86\u767c\u5c55\u63d0\u4f9b\u4e86\u8a98\u56e0\u3002\u6b64\u5916\uff0c\u70ba\u63a8\u52d5\u6578\u78bc\u7d93\u6fdf\u767c\u5c55\uff0c\u65b0\u52a0\u5761\u653f\u5e9c\u5be6\u65bd\u4e86\u4eba\u5de5\u667a\u80fd\u5c08\u5229\u512a\u5148\u8a08\u5283\uff0c\u5927\u5927\u7e2e\u77ed\u4e86\u5c08\u5229\u7372\u6279\u7684\u6642\u9593\uff0c\u5982\u963f\u91cc\u5df4\u5df4\u50c5\u75283\u500b\u6708\u4fbf\u7372\u6279\u4e86\u6b64\u524d\u81f3\u5c11\u9700\u5169\u5e74\u6642\u9593\u5be9\u6838\u7684\u4eba\u5de5\u667a\u80fd\u5c08\u5229\u3002 \u9999\u6e2f\uff1a\u5b9c\u63a86\u62db\u5c55\u958b\u90e8\u7f72 \u9762\u5c0d\u7576\u524d\u65e5\u76ca\u8907\u96dc\u7684\u4e16\u754c\u5730\u7de3\u653f\u6cbb\u7d93\u6fdf\u683c\u5c40\uff0c\u5168\u7403\u7522\u696d\u5206\u5de5\u683c\u5c40\u6b63\u5728\u9010\u6b65\u8abf\u6574\uff0c\u9999\u6e2f\u8981\u6210\u529f\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\uff0c\u5fc5\u9808\u61c9\u4ed8\u5404\u7a2e\u5404\u6a23\u7684\u6311\u6230\u3002\u501f\u9451\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\u7684\u6210\u529f\u7d93\u9a57\uff0c\u9999\u6e2f\u53ef\u4ee5\u8003\u616e\u63a8\u884c\u5982\u4e0b6\u9805\u653f\u7b56\u63aa\u65bd\uff1a 1\u3001\u5c0d\u7e3d\u90e8\u7d93\u6fdf\u9032\u884c\u9577\u671f\u898f\u5283\uff1a\u53c3\u8003\u5167\u5730\u76845\u5e74\u898f\u5283\u548c\u65b0\u52a0\u5761\u7814\u7a76\u3001\u5275\u65b0\u8207\u4f01\u696d2025\u8a08\u5283\uff0c\u570d\u7e5e\u9999\u6e2f\u672a\u4f86\u7684\u767c\u5c55\u91cd\u5fc3\uff0c\u70ba\u7e3d\u90e8\u7d93\u6fdf\u767c\u5c55\u63d0\u4f9b\u7a69\u5b9a\u7684\u8cc7\u91d1\u652f\u6301\uff0c\u5c0d\u57fa\u790e\u79d1\u5b78\u7814\u767c\u3001\u77e5\u8b58\u8f49\u5316\u3001\u7522\u6b0a\u4fdd\u8b77\u7b49\u6d3b\u52d5\u9032\u884c\u6295\u8cc7\u5206\u914d\u3002\u4ee5\u672c\u5730\u7dca\u7f3a\u7684\u5c08\u696d\u8077\u4f4d\u7d66\u4e88\u7c3d\u8b49\u548c\u5c45\u7559\u6b0a\u5be9\u6279\u512a\u60e0\uff0c\u91dd\u5c0d\u6027\u5f15\u9032\u5168\u7403\u591a\u5143\u5316\u3001\u591a\u7a2e\u65cf\u4eba\u624d\u3002 2\u3001\u767c\u5c55\u5168\u65b9\u4f4d\u5275\u65b0\u653f\u7b56\u9ad4\u7cfb\u8207\u670d\u52d9\u6a5f\u5236\uff1a\u5728\u5168\u7403\u6700\u4f4e\u7a05\u7387\u65b9\u6848\uff08\u4e00\u822c\u7a31\u70ba\u300cBEPS 2.0\u300d\uff09\u4e0b\uff0c\u50b3\u7d71\u7684\u7a05\u6536\u8ca1\u653f\u512a\u60e0\u653f\u7b56\u5df2\u7d93\u5f88\u96e3\u6253\u52d5\u512a\u52e2\u4f01\u696d\u4f86\u6e2f\u8a2d\u7acb\u7e3d\u90e8\u3002\u9999\u6e2f\u8981\u70ba\u91cd\u9ede\u7522\u696d\u95dc\u9375\u74b0\u7bc0\u7684\u4f01\u696d\u63d0\u4f9b\u91dd\u5c0d\u6027\u914d\u5957\u670d\u52d9\uff0c\u5f9e\u9805\u76ee\u7c3d\u7d04\u5230\u571f\u5730\u4f9b\u61c9\uff0c\u70ba\u6574\u500b\u6d41\u7a0b\u5236\u5b9a\u5c08\u9805\u670d\u52d9\u65b9\u6848\u3002\u4e0d\u59a8\u8a2d\u7acb\u5c08\u9580\u7684\u5c0d\u63a5\u90e8\u9580\uff0c\u4ee5\u5efa\u7acb\u7a69\u5b9a\u6709\u6548\u7684\u6e9d\u901a\u670d\u52d9\u6a5f\u5236\uff1b\u91dd\u5c0d\u512a\u52e2\u4f01\u696d\u7684\u95dc\u9375\u751f\u7522\u8981\u7d20\uff0c\u4e88\u4ee5\u512a\u5148\u914d\u7f6e\u3002 3\u3001\u767c\u63ee\u9999\u6e2f\u91d1\u878d\u670d\u52d9\u696d\u512a\u52e2\uff0c\u63d0\u4f9b\u91dd\u5c0d\u6027\u548c\u591a\u6a23\u6027\u7684\u878d\u8cc7\u53ca\u8ca1\u653f\u88dc\u8cbc\uff1a\u4ee5\u7522\u696d\u6025\u9700\u7a0b\u5ea6\u548c\u50f9\u503c\u93c8\u4f4d\u7f6e\u9032\u884c\u5dee\u7570\u5316\u8abf\u6574\uff0c\u78ba\u4fdd\u653f\u7b56\u6548\u679c\u6700\u5927\u5316\uff0c\u964d\u4f4e\u4f01\u696d\u751f\u7522\u6210\u672c\u3002 4\u3001\u901a\u904e\u5317\u90e8\u90fd\u6703\u5340\u5efa\u8a2d\uff0c\u52a0\u5f37\u9999\u6e2f\u9ad8\u7aef\u88fd\u9020\u696d\u57fa\u790e\uff1a\u5728\u57fa\u790e\u8a2d\u65bd\u65b9\u9762\uff0c\u901a\u904e\u5c0d\u63a5\u5927\u7063\u5340\u5404\u57ce\u5e02\u7684\u9ad8\u7aef\u88fd\u9020\u696d\uff0c\u5b8c\u5584\u5317\u90e8\u7522\u696d\u5712\u5340\u5efa\u8a2d\uff0c\u5305\u62ec\u4ea4\u901a\u7db2\u7d61\u548c\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\u7b49\uff0c\u5438\u5f15\u9ad8\u7aef\u88fd\u9020\u696d\u7684\u4e0a\u6e38\u53ca\u4e0b\u6e38\u7522\u696d\u9032\u99d0\u3002 \u518d\u8005\uff0c\u5fc5\u9808\u6ce8\u91cd\u8207\u5927\u7063\u5340\u5176\u4ed6\u57ce\u5e02\u5206\u5de5\u5408\u4f5c\uff0c\u5c24\u5176\u662f\u501f\u529b\u6df1\u5733\u53ca\u6771\u839e\u7684\u9ad8\u7aef\u88fd\u9020\u696d\u7d93\u9a57\uff0c\u767c\u63ee\u672c\u6e2f\u7684\u4eba\u624d\u3001\u8cc7\u91d1\u53ca\u5236\u5ea6\u512a\u52e2\uff0c\u5438\u5f15\u5167\u5730\u548c\u6d77\u5916\u7684\u8de8\u570b\u4f01\u696d\u7e3d\u90e8\u843d\u6236\uff0c\u5206\u6563\u7814\u767c\u53ca\u88fd\u9020\u529f\u80fd\uff0c\u4e26\u52a0\u5f37\u9999\u6e2f\u8207\u5927\u7063\u5340\u5404\u57ce\u5e02\u7684\u7522\u696d\u96c6\u805a\u3002 5\u3001\u5728\u5317\u90e8\u90fd\u6703\u5340\u8a2d\u7acb\u4e16\u754c\u53ca\u672c\u6e2f\u4e00\u6d41\u5927\u5b78\u7684\u5206\u6821\uff1a\u6191\u85c9\u9999\u6e2f\u7684\u9ad8\u7b49\u6559\u80b2\u5f37\u52e2\uff0c\u57f9\u8a13\u65b0\u4e00\u4ee3\u7e3d\u90e8\u7d93\u6fdf\u4eba\u624d\uff0c\u4e26\u5438\u5f15\u6d77\u5916\u5e74\u8f15\u4eba\u624d\u524d\u4f86\uff0c\u70ba\u9ad8\u7aef\u7814\u767c\u578b\u7522\u696d\u6253\u597d\u57fa\u790e\uff1b\u9084\u6709\u71df\u9020\u7522\u5b78\u7814\u4e92\u52d5\uff0c\u5e36\u52d5\u79d1\u7814\u5546\u54c1\u5316\u53ca\u77e5\u8b58\u8f49\u79fb\uff0c\u52a0\u5f37\u9999\u6e2f\u61c9\u7528\u79d1\u5b78\u7814\u7a76\u57fa\u790e\u3002 6\u3001\u52a0\u5f37\u9999\u6e2f\u822a\u7a7a\u696d\u767c\u5c55\uff1a\u6253\u9020\u6210\u4e9e\u6d32\u822a\u7a7a\u6a1e\u7d10\uff0c\u6295\u8cc7\u57fa\u5efa\u4e4b\u9918\uff0c\u9084\u9808\u64f4\u5927\u5728\u6a5f\u5834\u4e0d\u540c\u90e8\u9580\u548c\u7a0b\u5e8f\u4e2d\u6578\u78bc\u79d1\u6280\u7684\u61c9\u7528\uff0c\u5305\u62ec\u904e\u95dc\u7a0b\u5e8f\uff1b\u540c\u6642\u61c9\u7a4d\u6975\u8207\u5176\u4ed6\u653f\u5e9c\u7c3d\u7f72\u96d9\u908a\u822a\u904b\u5354\u8b70\uff0c\u5728\u5ba2\u8ca8\u904b\u5169\u65b9\u9762\u589e\u5f37\u8207\u5404\u570b\uff0c\u7279\u5225\u662f\u6771\u76df\u53ca\u4e2d\u6771\u7b49\u7b56\u7565\u5925\u4f34\u7684\u806f\u901a\u6027\u3002 \u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\uff0c\u65e2\u53ef\u5e36\u4f86\u65b0\u7522\u696d\u548c\u9ad8\u589e\u503c\u7d93\u6fdf\u6d3b\u52d5\uff0c\u4ea6\u53ef\u5438\u5f15\u591a\u5143\u4eba\u624d\u53ca\u6295\u8cc7\u3002\u6b64\u8209\u6709\u52a9\u65bc\u9999\u6e2f\u63a8\u52d5\u7d93\u6fdf\u8f49\u578b\uff0c\u4e26\u63d0\u5347\u5176\u570b\u969b\u91d1\u878d\u4e2d\u5fc3\u5730\u4f4d\u53ca\u7af6\u722d\u529b\u3002 \u9127\u5e0c\u7152\u6559\u6388 \u9999\u6e2f\u5927\u5b78\u7d93\u7ba1\u5b78\u9662\u526f\u9662\u9577\uff08\u5c0d\u5916\u4e8b\u52d9\uff09\u3001\u4e9e\u6d32\u74b0\u7403\u7814\u7a76\u6240\u7e3d\u76e3\u3001\u99ae\u570b\u7d93\u99ae\u570b\u7db8\u57fa\u91d1\u7d93\u6fdf\u5b78 \uff08\u672c\u6587\u540c\u6642\u65bc\u4e8c\u96f6\u4e8c\u56db\u5e74\u4e8c\u6708\u4e8c\u5341\u516b\u65e5\u8f09\u65bc\u300a\u4fe1\u5831\u300b\u300c\u9f8d\u864e\u5c71\u4e0b\u300d\u5c08\u6b04\uff09","canonical_url":"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/hkej-column\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\/","robots":"max-image-preview:large","keywords":"","webmasterTools":{"google-site-verification":"google-site-verification=MjdkluDgHpNk2vz5slbwER2Gusw2rUDQuVULMERWzLo","miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/hkej-column\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/tc\/#listItem","position":1,"name":"Home","item":"https:\/\/www.hkubs.hku.hk\/tc\/","nextItem":{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/tc\/thought-leadership\/hkej-column-tc\/#listItem","name":"\u9f8d\u864e\u5c71\u4e0b"}},{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/tc\/thought-leadership\/hkej-column-tc\/#listItem","position":2,"name":"\u9f8d\u864e\u5c71\u4e0b","item":"https:\/\/www.hkubs.hku.hk\/tc\/thought-leadership\/hkej-column-tc\/","nextItem":{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/hkej-column\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\/#listItem","name":"\u91cd\u6574\u9999\u6e2f\u7e3d\u90e8\u7d93\u6fdf\u7b56\u7565"},"previousItem":{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/tc\/#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/hkej-column\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\/#listItem","position":3,"name":"\u91cd\u6574\u9999\u6e2f\u7e3d\u90e8\u7d93\u6fdf\u7b56\u7565","previousItem":{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/tc\/thought-leadership\/hkej-column-tc\/#listItem","name":"\u9f8d\u864e\u5c71\u4e0b"}}]},{"@type":"Organization","@id":"https:\/\/www.hkubs.hku.hk\/tc\/#organization","name":"HKU Business School","url":"https:\/\/www.hkubs.hku.hk\/tc\/"},{"@type":"WebPage","@id":"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/hkej-column\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\/#webpage","url":"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/hkej-column\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\/","name":"\u91cd\u6574\u9999\u6e2f\u7e3d\u90e8\u7d93\u6fdf\u7b56\u7565 - HKU Business School","description":"\u5728\u4e9e\u6d32\uff0c\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u7684\u7e3d\u90e8\u7d93\u6fdf\u767c\u5c55\u5c24\u70ba\u51fa\u8272\u3002\u4e0a\u6d77\u5229\u7528\u5176\u5728\u88fd\u9020\u696d\u3001\u79d1\u6280\u548c\u7269\u6d41\u65b9\u9762\u7684\u512a\u52e2\uff0c\u5438\u5f15\u5982\u7f8e\u570b\u7279\u65af\u62c9\uff08Tesla\uff09\u3001\u5fb7\u570b\u535a\u4e16\uff08Bosch\uff09\u3001\u65e5\u672c\u4e09\u4e95\u4f4f\u53cb\u9280\u884c\uff08Sumitomo Mitsui Banking Corporation\uff09\u3001\u82f1\u570b\u963f\u65af\u5229\u5eb7\uff08AstraZeneca\uff09\u7b49\u570b\u969b\u696d\u754c\u9f8d\u982d\u5728\u7576\u5730\u5efa\u7acb\u7e3d\u90e8\u3002\u65b0\u52a0\u5761\u5247\u7a4d\u6975\u5be6\u884c\u4eba\u624d\u65b0\u653f\u548c\u5275\u65b0\uff0c\u4ee5\u9a45\u52d5\u767c\u5c55\u3002 \u9999\u6e2f\u64c1\u6709\u7a69\u5065\u7684\u6cd5\u6cbb\u548c\u71df\u5546\u74b0\u5883\uff0c\u80cc\u976014\u5104\u4eba\u53e3\u7684\u5167\u5730\u5e02\u5834\uff0c\u662f\u4e2d\u570b\u9762\u5411\u4e16\u754c\u7684\u91cd\u8981\u9580\u6236\uff0c\u7406\u61c9\u4f54\u8de8\u570b\u4f01\u696d\u7e3d\u90e8\u9032\u99d0\u4e4b\u5229\uff1b\u4f46\u6839\u64da\u5f6d\u535a\u884c\u696d\u7814\u7a76\uff08Bloomberg Intelligence\uff09\uff0c\u622a\u81f32023\u5e74\uff0c\u9999\u6e2f\u64c1\u6709\u4f01\u696d\u7e3d\u90e81336\u5bb6\uff0c\u53ea\u53ca\u65b0\u52a0\u5761\u7d044200\u5bb6\u7684\u4e09\u6210\u3002 \u672c\u6587\u5c07\u805a\u7126\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u5728\u7e3d\u90e8\u7d93\u6fdf\u4e00\u74b0\u7684\u5148\u9032\u7d93\u9a57\u53ca\u76f8\u95dc\u653f\u7b56\uff0c\u70ba\u9999\u6e2f\u5faa\u6b64\u4e00\u65b9\u5411\u7684\u767c\u5c55\u63a2\u7d22\u51fa\u8def\u3002 \u4e0a\u6d77\uff1a\u91cd\u9ede\u7522\u696d\u93c8\u300c\u672c\u571f\u4e00\u9ad4\u5316\u300d \u4f4d\u65bc\u4e0a\u6d77\u6771\u5357\u90e8\u7684\u81e8\u6e2f\u65b0\u7247\u5340\uff0c\u64c1\u6709\u7368\u7279\u7684\u7d9c\u5408\u5340\u4f4d\u512a\u52e2\uff0c\u901a\u904e\u5236\u5ea6\u5275\u65b0\u8ce6\u80fd\u79d1\u6280\u5275\u65b0\uff0c\u96c6\u4e2d\u767c\u5c55\u5148\u9032\u88fd\u9020\u696d\u548c\u7b56\u7565\u6027\u7522\u696d\uff0c\u5982\u7a4d\u9ad4\u96fb\u8def\u3001\u4eba\u5de5\u667a\u80fd\u3001\u65b0\u80fd\u6e90\u7b49\uff0c\u4e26\u5c0d\u7814\u767c\u3001\u88fd\u9020\u3001\u7a05\u9805\u3001\u4eba\u624d\u7d66\u4e88\u591a\u7dad\u5ea6\u653f\u7b56\u7d44\u5408\u6276\u6301\uff0c\u7279\u65af\u62c9\u548c\u4e2d\u82af\u570b\u969b\u7b49\u591a\u500b\u9f8d\u982d\u4f01\u696d\u5f62\u6210\u7684\u96c6\u805a\u6548\u61c9\uff0c\u5438\u5f15\u4e86200\u591a\u5bb6\u7522\u696d\u93c8\u914d\u5957\u4f01\u696d\u9032\u99d0\u3002 \u8209\u4f8b\u4f86\u8aaa\uff0c\u4e0a\u6d77\u5e02\u653f\u5e9c\u8207\u7279\u65af\u62c9\u57282018\u5e74\u7c3d\u8a02\u571f\u5730\u51fa\u8b93\u5408\u540c\uff0c\u4ee5\u6bcf\u65b9\u7c731125\u5143\uff08\u4eba\u6c11\u5e63\uff0e\u4e0b\u540c\uff09\u7684\u50f9\u683c\u5411\u7279\u65af\u62c9\u63d0\u4f9b\u81e8\u6e2f\u7247\u53401297\u755d\u571f\u5730\u3002\u6b64\u5916\uff0c\u4e0a\u6d77\u76f8\u95dc\u90e8\u9580\u6309\u7167\u670d\u52d9\u91cd\u5927\u9805\u76ee\u7684\u4e00\u8cab\u505a\u6cd5\uff0c\u70ba\u7279\u65af\u62c9\u5236\u5b9a\u670d\u52d9\u6e05\u55ae\uff0c\u5f9e\u7c3d\u8a02\u6295\u8cc7\u5354\u8b70\u5230\u571f\u5730\u6458\u724c\uff0c\u7279\u65af\u62c9\u9805\u76ee\u5f97\u4ee5\u52a0\u5feb\u843d\u5730\uff0c\u524d\u5f8c\u50c5\u97003\u500b\u6708\u3002\u81e8\u6e2f\u65b0\u7247\u5340\u5177\u6709\u570b\u969b\u7af6\u722d\u529b\u7684\u7a05\u6536\u5236\u5ea6\u548c\u653f\u7b56\uff0c\u5305\u62ec\u91cd\u9ede\u7522\u696d15%\u4f01\u696d\u6240\u5f97\u7a05\u512a\u60e0\uff0c\u7279\u65af\u62c9\u5c31\u662f\u9996\u6279\u4eab\u53d7\u6b64\u9805\u512a\u60e0\u7684\u4f01\u696d\u4e4b\u4e00\u3002 \u6b64\u5916\uff0c\u7279\u65af\u62c9\u5728\u4e0a\u6d77\u5efa\u5ee0\u7684\u8cc7\u91d1\u4f86\u81ea\u4e2d\u570b\u672c\u571f\u878d\u8cc7\uff0c\u5305\u62ec\u9280\u884c\u8cb8\u6b3e\u53ca\u5730\u65b9\u50b5\u52d9\uff0c\u6bcb\u9808\u8b8a\u8ce3\u80a1\u7968\u7c4c\u8cc7\u3002\u540c\u5e74\u5e74\u5e95\uff0c\u7279\u65af\u62c9\u4ee5\u5de5\u5ee0\u548c\u571f\u5730\u70ba\u62b5\u62bc\uff0c\u4f4e\u606f\u7372\u5f97\u9ad8\u905490\u5104\u5143\u7684\u9280\u884c\u8cb8\u6b3e\u3002\u7279\u65af\u62c9\u4ea6\u5229\u7528\u4e00\u7b4622.5\u5104\u5143\u7684\u7121\u64d4\u4fdd\u5468\u8f49\u91d1\u8cb8\u6b3e\u65bc\u5efa\u9020\u5de5\u5ee0\uff0c\u4ee5\u53ca\u52d5\u7528\u90e8\u5206\u8cb8\u6b3e\u4ee5\u652f\u4ed83.5\u5104\u5143\u8ca0\u50b5\u3002 \u91cd\u9ede\u7522\u696d\u93c8\u548c\u7814\u767c\u6a5f\u69cb\u96c6\u805a\uff0c\u70ba\u4f01\u696d\u63d0\u4f9b\u8c50\u5bcc\u7684\u5275\u65b0\u751f\u614b\u7cfb\u7d71\u3002\u81e8\u6e2f\u65b0\u7247\u5340\u96c6\u805a\u4e86\u5bf6\u99ac\u3001\u5927\u773e\u3001\u4e0a\u6c7d\u7b49\u77e5\u540d\u6c7d\u8eca\u54c1\u724c\uff0c\u4ee5\u53ca\u5be7\u5fb7\u6642\u4ee3\u3001\u9577\u76c8\u7cbe\u5bc6\u548c\u5747\u52dd\u96fb\u5b50\u7b49\u4f9b\u61c9\u5546\u3002\u7814\u7a76\u6a5f\u69cb\u3001\u79d1\u6280\u516c\u53f8\u548c\u65b0\u5275\u4f01\u696d\u7d44\u6210\u5275\u65b0\u751f\u614b\u7cfb\u7d71\uff0c\u5e36\u52d5\u4e86\u65b0\u80fd\u6e90\u6c7d\u8eca\u7522\u696d\u7684\u5408\u4f5c\uff0c\u5b8c\u5584\u7684\u914d\u5957\u7522\u696d\u93c8\u4e5f\u6975\u5927\u964d\u4f4e\u4e86\u7279\u65af\u62c9\u7684\u5275\u65b0\u6210\u672c\u548c\u8cbf\u6613\u904b\u8f38\u6210\u672c\u3002\u65b0\u7247\u5340\u9084\u64c1\u6709\u5927\u91cf\u5177\u6c7d\u8eca\u884c\u696d\u7d93\u9a57\u7684\u5de5\u7a0b\u5e2b\u548c\u6280\u8853\u4eba\u54e1\uff0c\u70ba\u7279\u65af\u62c9\u63d0\u4f9b\u4e86\u5168\u7522\u696d\u93c8\u7684\u4eba\u624d\u5132\u5099\u3002 \u7279\u65af\u62c9\u8d85\u7d1a\u5de5\u5ee0\u5c0d\u4e0a\u6d77\u7684\u6c7d\u8eca\u7522\u696d\u548c\u6574\u9ad4\u7d93\u6fdf\u7522\u751f\u4e86\u91cd\u5927\u5f71\u97ff\uff0c2023\u5e74\uff0c\u8a72\u5ee0\u7d2f\u8a08\u4ea4\u4ed8\u91cf\u9054\u523094.7\u842c\u8f1b\uff0c\u4f54\u8a72\u54c1\u724c\u5168\u7403\u7522\u80fd\u903e50%\uff0c\u5354\u52a9\u65b0\u80fd\u6e90\u6c7d\u8eca\u7522\u696d\u767c\u5c55\u6210\u70ba\u81e8\u6e2f\u65b0\u7247\u5340\u7d93\u6fdf\u898f\u6a21\u6700\u5927\u7684\u7522\u696d\uff0c\u6c7d\u8eca\u7522\u696d\u7522\u503c\u5f9e2019\u5e74\u7684314\u5104\u5143\uff0c\u589e\u52a0\u81f32022\u5e74\u76842413\u5104\u5143\u3002\u8d85\u7d1a\u5de5\u5ee0\u96f6\u90e8\u4ef6\u672c\u571f\u5316\u7387\u8d85\u904e95%\uff0c\u63a8\u52d5\u4f9b\u61c9\u93c8\u5925\u4f34\u7684\u5347\u7d1a\u8f49\u578b\uff0c\u5275\u9020\u4e86\u5927\u91cf\u9ad8\u6536\u5165\u53ca\u6280\u8853\u8077\u4f4d\uff0c\u4e26\u52a0\u901f\u6280\u8853\u8f49\u79fb\u548c\u5275\u65b0\u3002 \u65b0\u52a0\u5761\uff1a\u5438\u5f15TikTok\u9032\u99d0\u8981\u8a23 2019\u5e74\uff0cTikTok\u70ba\u64f4\u5c55\u5168\u7403\u696d\u52d9\uff0c\u9078\u5740\u65b0\u52a0\u5761\u4f5c\u70ba\u7e3d\u90e8\uff0c\u5176\u80cc\u5f8c\u539f\u56e0\u4e5f\u503c\u5f97\u9999\u6e2f\u501f\u9451\u3002 \u65b0\u52a0\u5761\u653f\u5e9c\u70ba\u81f4\u529b\u6253\u9020\u8de8\u570b\u516c\u53f8\u5168\u7403\u7e3d\u90e8\u548c\u7814\u767c\u4e2d\u5fc3\uff0c\u8fd1\u5e74\u63a8\u51fa\u591a\u7a2e\u7a05\u52d9\u512a\u60e0\uff0c\u4f01\u696d\u6240\u5f97\u7a05\u4ecb\u4e4e0%\u81f317%\u4e4b\u9593\u3002\u7e3d\u90e8\u4f01\u696d\u5728\u7279\u5b9a\u6642\u671f\u5167\u53ef\u4eab\u514d\u7a05\u30015%\u621610%\u7684\u512a\u60e0\u7a05\u7387\uff1b\u516c\u53f8\u7684\u7814\u767c\u8cbb\u7528\u3001\u77e5\u8b58\u7522\u6b0a\u6536\u5165\u7b49\u53ef\u4eab\u9ad8\u9054100%\u7684\u7a05\u52d9\u62b5\u6263\u3002\u6b64\u5916\uff0c\u65b0\u52a0\u5761\u548c50\u591a\u500b\u570b\u5bb6\u548c\u5730\u5340\u7c3d\u7f72\u7684\u907f\u514d\u96d9\u91cd\u5fb5\u7a05\u5354\u5b9a\uff0c\u9032\u4e00\u6b65\u964d\u4f4e\u8a2d\u7acbTikTok\u4e9e\u6d32\u7e3d\u90e8\u7684\u6210\u672c\u3002\u9664\u4e86TikTok\u5916\uff0cZoom\u3001Sea Group\u53caSHEIN\u4e5f\u7d1b\u7d1b\u5728\u8a72\u570b\u8a2d\u7acb\u5730\u5340\u7e3d\u90e8\u3002 \u5927\u91cf\u7684\u79d1\u7814\u6295\u5165\u548c\u9ad8\u7aef\u6280\u80fd\u4eba\u624d\u5eab\uff0c\u70ba\u65b0\u52a0\u5761\u7684\u9ad8\u65b0\u6280\u8853\u7522\u696d\u53ca\u73fe\u4ee3\u670d\u52d9\u696d\u5960\u5b9a\u4e86\u5805\u5be6\u57fa\u790e\u30022020\u5e74\u5e95\uff0c\u65b0\u52a0\u5761\u653f\u5e9c\u5ba3\u5e03\u5728\u4e0b\u500b5\u5e74\u63a8\u52d5\u300c\u7814\u7a76\u3001\u5275\u65b0\u8207\u4f01\u696d2025\u8a08\u5283\u300d\uff0c\u6bcf\u5e74\u628a\u672c\u5730\u751f\u7522\u7e3d\u503c\u76841%\u6295\u5165\u79d1\u7814\u5275\u65b0\uff0c\u7e3d\u8a08250\u5104\u65b0\u52a0\u5761\u5143\uff08\u7d041456\u5104\u6e2f\u5143\uff09\uff0c\u4e26\u70ba\u5404\u985e\u4f01\u696d\u7684\u79d1\u6280\u5275\u65b0\u9053\u8def\u63d0\u4f9b\u91dd\u5c0d\u6027\u652f\u6301\u3002 \u65b0\u52a0\u5761\u7684\u5927\u5b78\u4e5f\u5728\u6e90\u6e90\u4e0d\u7d55\u5730\u57f9\u990a\u79d1\u6280\u4eba\u624d\uff0c\u5c08\u6ce8\u65bc\u79d1\u5b78\u3001\u79d1\u6280\u3001\u5de5\u7a0b\u3001\u6578\u5b78\uff08STEM\uff09\u7b49\u5b78\u79d1\u3002\u7576\u5730\u653f\u5e9c\u901a\u904e\u5c31\u696d\u6e96\u8b49\u5236\u5ea6\u5927\u529b\u5f15\u9032\u9ad8\u7aef\u4eba\u624d\u548c\u7dca\u7f3a\u4eba\u624d\u3002\u53e6\u5916\uff0c\u65b0\u52a0\u5761\u512a\u8d8a\u7684\u4f4f\u623f\u5236\u5ea6\u548c\u884c\u4e4b\u6709\u6548\u7684\u516c\u7a4d\u91d1\u5236\u5ea6\uff0c\u5747\u70ba\u4eba\u624d\u7684\u5438\u5f15\u548c\u4fdd\u7559\u63d0\u4f9b\u4e86\u6975\u5927\u4fbf\u5229\u3002 \u9999\u6e2f\u548c\u65b0\u52a0\u5761\u540c\u6a23\u64c1\u6709\u4e16\u754c\u898b\u7a31\u7684\u9ad8\u6548\u653f\u5e9c\u3001\u512a\u8cea\u7684\u6a5f\u5834\u548c\u6e2f\u53e3\u7b49\u57fa\u790e\u8a2d\u65bd\uff0c\u4f46\u5728\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\u4e0a\uff0c\u9999\u6e2f\u9808\u6025\u8d77\u76f4\u8ffd\u30022023\u5e74\uff0c\u65b0\u52a0\u5761\u63a8\u51fa\u6578\u78bc\u4e92\u806f\u4e92\u901a\u767c\u5c55\u85cd\u5716\uff0c\u5168\u9762\u898f\u5283\u6574\u500b\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\uff0c\u6db5\u84cb\u8edf\u786c\u57fa\u790e\u8a2d\u65bd\uff0c\u70baTikTok\u7b49\u79d1\u6280\u4f01\u696d\u7684\u672a\u4f86\u767c\u5c55\u63d0\u4f9b\u4e86\u8a98\u56e0\u3002\u6b64\u5916\uff0c\u70ba\u63a8\u52d5\u6578\u78bc\u7d93\u6fdf\u767c\u5c55\uff0c\u65b0\u52a0\u5761\u653f\u5e9c\u5be6\u65bd\u4e86\u4eba\u5de5\u667a\u80fd\u5c08\u5229\u512a\u5148\u8a08\u5283\uff0c\u5927\u5927\u7e2e\u77ed\u4e86\u5c08\u5229\u7372\u6279\u7684\u6642\u9593\uff0c\u5982\u963f\u91cc\u5df4\u5df4\u50c5\u75283\u500b\u6708\u4fbf\u7372\u6279\u4e86\u6b64\u524d\u81f3\u5c11\u9700\u5169\u5e74\u6642\u9593\u5be9\u6838\u7684\u4eba\u5de5\u667a\u80fd\u5c08\u5229\u3002 \u9999\u6e2f\uff1a\u5b9c\u63a86\u62db\u5c55\u958b\u90e8\u7f72 \u9762\u5c0d\u7576\u524d\u65e5\u76ca\u8907\u96dc\u7684\u4e16\u754c\u5730\u7de3\u653f\u6cbb\u7d93\u6fdf\u683c\u5c40\uff0c\u5168\u7403\u7522\u696d\u5206\u5de5\u683c\u5c40\u6b63\u5728\u9010\u6b65\u8abf\u6574\uff0c\u9999\u6e2f\u8981\u6210\u529f\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\uff0c\u5fc5\u9808\u61c9\u4ed8\u5404\u7a2e\u5404\u6a23\u7684\u6311\u6230\u3002\u501f\u9451\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\u7684\u6210\u529f\u7d93\u9a57\uff0c\u9999\u6e2f\u53ef\u4ee5\u8003\u616e\u63a8\u884c\u5982\u4e0b6\u9805\u653f\u7b56\u63aa\u65bd\uff1a 1\u3001\u5c0d\u7e3d\u90e8\u7d93\u6fdf\u9032\u884c\u9577\u671f\u898f\u5283\uff1a\u53c3\u8003\u5167\u5730\u76845\u5e74\u898f\u5283\u548c\u65b0\u52a0\u5761\u7814\u7a76\u3001\u5275\u65b0\u8207\u4f01\u696d2025\u8a08\u5283\uff0c\u570d\u7e5e\u9999\u6e2f\u672a\u4f86\u7684\u767c\u5c55\u91cd\u5fc3\uff0c\u70ba\u7e3d\u90e8\u7d93\u6fdf\u767c\u5c55\u63d0\u4f9b\u7a69\u5b9a\u7684\u8cc7\u91d1\u652f\u6301\uff0c\u5c0d\u57fa\u790e\u79d1\u5b78\u7814\u767c\u3001\u77e5\u8b58\u8f49\u5316\u3001\u7522\u6b0a\u4fdd\u8b77\u7b49\u6d3b\u52d5\u9032\u884c\u6295\u8cc7\u5206\u914d\u3002\u4ee5\u672c\u5730\u7dca\u7f3a\u7684\u5c08\u696d\u8077\u4f4d\u7d66\u4e88\u7c3d\u8b49\u548c\u5c45\u7559\u6b0a\u5be9\u6279\u512a\u60e0\uff0c\u91dd\u5c0d\u6027\u5f15\u9032\u5168\u7403\u591a\u5143\u5316\u3001\u591a\u7a2e\u65cf\u4eba\u624d\u3002 2\u3001\u767c\u5c55\u5168\u65b9\u4f4d\u5275\u65b0\u653f\u7b56\u9ad4\u7cfb\u8207\u670d\u52d9\u6a5f\u5236\uff1a\u5728\u5168\u7403\u6700\u4f4e\u7a05\u7387\u65b9\u6848\uff08\u4e00\u822c\u7a31\u70ba\u300cBEPS 2.0\u300d\uff09\u4e0b\uff0c\u50b3\u7d71\u7684\u7a05\u6536\u8ca1\u653f\u512a\u60e0\u653f\u7b56\u5df2\u7d93\u5f88\u96e3\u6253\u52d5\u512a\u52e2\u4f01\u696d\u4f86\u6e2f\u8a2d\u7acb\u7e3d\u90e8\u3002\u9999\u6e2f\u8981\u70ba\u91cd\u9ede\u7522\u696d\u95dc\u9375\u74b0\u7bc0\u7684\u4f01\u696d\u63d0\u4f9b\u91dd\u5c0d\u6027\u914d\u5957\u670d\u52d9\uff0c\u5f9e\u9805\u76ee\u7c3d\u7d04\u5230\u571f\u5730\u4f9b\u61c9\uff0c\u70ba\u6574\u500b\u6d41\u7a0b\u5236\u5b9a\u5c08\u9805\u670d\u52d9\u65b9\u6848\u3002\u4e0d\u59a8\u8a2d\u7acb\u5c08\u9580\u7684\u5c0d\u63a5\u90e8\u9580\uff0c\u4ee5\u5efa\u7acb\u7a69\u5b9a\u6709\u6548\u7684\u6e9d\u901a\u670d\u52d9\u6a5f\u5236\uff1b\u91dd\u5c0d\u512a\u52e2\u4f01\u696d\u7684\u95dc\u9375\u751f\u7522\u8981\u7d20\uff0c\u4e88\u4ee5\u512a\u5148\u914d\u7f6e\u3002 3\u3001\u767c\u63ee\u9999\u6e2f\u91d1\u878d\u670d\u52d9\u696d\u512a\u52e2\uff0c\u63d0\u4f9b\u91dd\u5c0d\u6027\u548c\u591a\u6a23\u6027\u7684\u878d\u8cc7\u53ca\u8ca1\u653f\u88dc\u8cbc\uff1a\u4ee5\u7522\u696d\u6025\u9700\u7a0b\u5ea6\u548c\u50f9\u503c\u93c8\u4f4d\u7f6e\u9032\u884c\u5dee\u7570\u5316\u8abf\u6574\uff0c\u78ba\u4fdd\u653f\u7b56\u6548\u679c\u6700\u5927\u5316\uff0c\u964d\u4f4e\u4f01\u696d\u751f\u7522\u6210\u672c\u3002 4\u3001\u901a\u904e\u5317\u90e8\u90fd\u6703\u5340\u5efa\u8a2d\uff0c\u52a0\u5f37\u9999\u6e2f\u9ad8\u7aef\u88fd\u9020\u696d\u57fa\u790e\uff1a\u5728\u57fa\u790e\u8a2d\u65bd\u65b9\u9762\uff0c\u901a\u904e\u5c0d\u63a5\u5927\u7063\u5340\u5404\u57ce\u5e02\u7684\u9ad8\u7aef\u88fd\u9020\u696d\uff0c\u5b8c\u5584\u5317\u90e8\u7522\u696d\u5712\u5340\u5efa\u8a2d\uff0c\u5305\u62ec\u4ea4\u901a\u7db2\u7d61\u548c\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\u7b49\uff0c\u5438\u5f15\u9ad8\u7aef\u88fd\u9020\u696d\u7684\u4e0a\u6e38\u53ca\u4e0b\u6e38\u7522\u696d\u9032\u99d0\u3002 \u518d\u8005\uff0c\u5fc5\u9808\u6ce8\u91cd\u8207\u5927\u7063\u5340\u5176\u4ed6\u57ce\u5e02\u5206\u5de5\u5408\u4f5c\uff0c\u5c24\u5176\u662f\u501f\u529b\u6df1\u5733\u53ca\u6771\u839e\u7684\u9ad8\u7aef\u88fd\u9020\u696d\u7d93\u9a57\uff0c\u767c\u63ee\u672c\u6e2f\u7684\u4eba\u624d\u3001\u8cc7\u91d1\u53ca\u5236\u5ea6\u512a\u52e2\uff0c\u5438\u5f15\u5167\u5730\u548c\u6d77\u5916\u7684\u8de8\u570b\u4f01\u696d\u7e3d\u90e8\u843d\u6236\uff0c\u5206\u6563\u7814\u767c\u53ca\u88fd\u9020\u529f\u80fd\uff0c\u4e26\u52a0\u5f37\u9999\u6e2f\u8207\u5927\u7063\u5340\u5404\u57ce\u5e02\u7684\u7522\u696d\u96c6\u805a\u3002 5\u3001\u5728\u5317\u90e8\u90fd\u6703\u5340\u8a2d\u7acb\u4e16\u754c\u53ca\u672c\u6e2f\u4e00\u6d41\u5927\u5b78\u7684\u5206\u6821\uff1a\u6191\u85c9\u9999\u6e2f\u7684\u9ad8\u7b49\u6559\u80b2\u5f37\u52e2\uff0c\u57f9\u8a13\u65b0\u4e00\u4ee3\u7e3d\u90e8\u7d93\u6fdf\u4eba\u624d\uff0c\u4e26\u5438\u5f15\u6d77\u5916\u5e74\u8f15\u4eba\u624d\u524d\u4f86\uff0c\u70ba\u9ad8\u7aef\u7814\u767c\u578b\u7522\u696d\u6253\u597d\u57fa\u790e\uff1b\u9084\u6709\u71df\u9020\u7522\u5b78\u7814\u4e92\u52d5\uff0c\u5e36\u52d5\u79d1\u7814\u5546\u54c1\u5316\u53ca\u77e5\u8b58\u8f49\u79fb\uff0c\u52a0\u5f37\u9999\u6e2f\u61c9\u7528\u79d1\u5b78\u7814\u7a76\u57fa\u790e\u3002 6\u3001\u52a0\u5f37\u9999\u6e2f\u822a\u7a7a\u696d\u767c\u5c55\uff1a\u6253\u9020\u6210\u4e9e\u6d32\u822a\u7a7a\u6a1e\u7d10\uff0c\u6295\u8cc7\u57fa\u5efa\u4e4b\u9918\uff0c\u9084\u9808\u64f4\u5927\u5728\u6a5f\u5834\u4e0d\u540c\u90e8\u9580\u548c\u7a0b\u5e8f\u4e2d\u6578\u78bc\u79d1\u6280\u7684\u61c9\u7528\uff0c\u5305\u62ec\u904e\u95dc\u7a0b\u5e8f\uff1b\u540c\u6642\u61c9\u7a4d\u6975\u8207\u5176\u4ed6\u653f\u5e9c\u7c3d\u7f72\u96d9\u908a\u822a\u904b\u5354\u8b70\uff0c\u5728\u5ba2\u8ca8\u904b\u5169\u65b9\u9762\u589e\u5f37\u8207\u5404\u570b\uff0c\u7279\u5225\u662f\u6771\u76df\u53ca\u4e2d\u6771\u7b49\u7b56\u7565\u5925\u4f34\u7684\u806f\u901a\u6027\u3002 \u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\uff0c\u65e2\u53ef\u5e36\u4f86\u65b0\u7522\u696d\u548c\u9ad8\u589e\u503c\u7d93\u6fdf\u6d3b\u52d5\uff0c\u4ea6\u53ef\u5438\u5f15\u591a\u5143\u4eba\u624d\u53ca\u6295\u8cc7\u3002\u6b64\u8209\u6709\u52a9\u65bc\u9999\u6e2f\u63a8\u52d5\u7d93\u6fdf\u8f49\u578b\uff0c\u4e26\u63d0\u5347\u5176\u570b\u969b\u91d1\u878d\u4e2d\u5fc3\u5730\u4f4d\u53ca\u7af6\u722d\u529b\u3002 \u9127\u5e0c\u7152\u6559\u6388 \u9999\u6e2f\u5927\u5b78\u7d93\u7ba1\u5b78\u9662\u526f\u9662\u9577\uff08\u5c0d\u5916\u4e8b\u52d9\uff09\u3001\u4e9e\u6d32\u74b0\u7403\u7814\u7a76\u6240\u7e3d\u76e3\u3001\u99ae\u570b\u7d93\u99ae\u570b\u7db8\u57fa\u91d1\u7d93\u6fdf\u5b78 \uff08\u672c\u6587\u540c\u6642\u65bc\u4e8c\u96f6\u4e8c\u56db\u5e74\u4e8c\u6708\u4e8c\u5341\u516b\u65e5\u8f09\u65bc\u300a\u4fe1\u5831\u300b\u300c\u9f8d\u864e\u5c71\u4e0b\u300d\u5c08\u6b04\uff09","inLanguage":"zh-HK","isPartOf":{"@id":"https:\/\/www.hkubs.hku.hk\/tc\/#website"},"breadcrumb":{"@id":"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/hkej-column\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\/#breadcrumblist"},"datePublished":"2024-03-06T11:15:50+08:00","dateModified":"2024-03-06T11:15:50+08:00"},{"@type":"WebSite","@id":"https:\/\/www.hkubs.hku.hk\/tc\/#website","url":"https:\/\/www.hkubs.hku.hk\/tc\/","name":"HKU Business School","inLanguage":"zh-HK","publisher":{"@id":"https:\/\/www.hkubs.hku.hk\/tc\/#organization"}}]},"og:locale":"en_US","og:site_name":"HKU Business School -","og:type":"article","og:title":"\u91cd\u6574\u9999\u6e2f\u7e3d\u90e8\u7d93\u6fdf\u7b56\u7565 - HKU Business School","og:description":"\u5728\u4e9e\u6d32\uff0c\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u7684\u7e3d\u90e8\u7d93\u6fdf\u767c\u5c55\u5c24\u70ba\u51fa\u8272\u3002\u4e0a\u6d77\u5229\u7528\u5176\u5728\u88fd\u9020\u696d\u3001\u79d1\u6280\u548c\u7269\u6d41\u65b9\u9762\u7684\u512a\u52e2\uff0c\u5438\u5f15\u5982\u7f8e\u570b\u7279\u65af\u62c9\uff08Tesla\uff09\u3001\u5fb7\u570b\u535a\u4e16\uff08Bosch\uff09\u3001\u65e5\u672c\u4e09\u4e95\u4f4f\u53cb\u9280\u884c\uff08Sumitomo Mitsui Banking Corporation\uff09\u3001\u82f1\u570b\u963f\u65af\u5229\u5eb7\uff08AstraZeneca\uff09\u7b49\u570b\u969b\u696d\u754c\u9f8d\u982d\u5728\u7576\u5730\u5efa\u7acb\u7e3d\u90e8\u3002\u65b0\u52a0\u5761\u5247\u7a4d\u6975\u5be6\u884c\u4eba\u624d\u65b0\u653f\u548c\u5275\u65b0\uff0c\u4ee5\u9a45\u52d5\u767c\u5c55\u3002 \u9999\u6e2f\u64c1\u6709\u7a69\u5065\u7684\u6cd5\u6cbb\u548c\u71df\u5546\u74b0\u5883\uff0c\u80cc\u976014\u5104\u4eba\u53e3\u7684\u5167\u5730\u5e02\u5834\uff0c\u662f\u4e2d\u570b\u9762\u5411\u4e16\u754c\u7684\u91cd\u8981\u9580\u6236\uff0c\u7406\u61c9\u4f54\u8de8\u570b\u4f01\u696d\u7e3d\u90e8\u9032\u99d0\u4e4b\u5229\uff1b\u4f46\u6839\u64da\u5f6d\u535a\u884c\u696d\u7814\u7a76\uff08Bloomberg Intelligence\uff09\uff0c\u622a\u81f32023\u5e74\uff0c\u9999\u6e2f\u64c1\u6709\u4f01\u696d\u7e3d\u90e81336\u5bb6\uff0c\u53ea\u53ca\u65b0\u52a0\u5761\u7d044200\u5bb6\u7684\u4e09\u6210\u3002 \u672c\u6587\u5c07\u805a\u7126\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u5728\u7e3d\u90e8\u7d93\u6fdf\u4e00\u74b0\u7684\u5148\u9032\u7d93\u9a57\u53ca\u76f8\u95dc\u653f\u7b56\uff0c\u70ba\u9999\u6e2f\u5faa\u6b64\u4e00\u65b9\u5411\u7684\u767c\u5c55\u63a2\u7d22\u51fa\u8def\u3002 \u4e0a\u6d77\uff1a\u91cd\u9ede\u7522\u696d\u93c8\u300c\u672c\u571f\u4e00\u9ad4\u5316\u300d \u4f4d\u65bc\u4e0a\u6d77\u6771\u5357\u90e8\u7684\u81e8\u6e2f\u65b0\u7247\u5340\uff0c\u64c1\u6709\u7368\u7279\u7684\u7d9c\u5408\u5340\u4f4d\u512a\u52e2\uff0c\u901a\u904e\u5236\u5ea6\u5275\u65b0\u8ce6\u80fd\u79d1\u6280\u5275\u65b0\uff0c\u96c6\u4e2d\u767c\u5c55\u5148\u9032\u88fd\u9020\u696d\u548c\u7b56\u7565\u6027\u7522\u696d\uff0c\u5982\u7a4d\u9ad4\u96fb\u8def\u3001\u4eba\u5de5\u667a\u80fd\u3001\u65b0\u80fd\u6e90\u7b49\uff0c\u4e26\u5c0d\u7814\u767c\u3001\u88fd\u9020\u3001\u7a05\u9805\u3001\u4eba\u624d\u7d66\u4e88\u591a\u7dad\u5ea6\u653f\u7b56\u7d44\u5408\u6276\u6301\uff0c\u7279\u65af\u62c9\u548c\u4e2d\u82af\u570b\u969b\u7b49\u591a\u500b\u9f8d\u982d\u4f01\u696d\u5f62\u6210\u7684\u96c6\u805a\u6548\u61c9\uff0c\u5438\u5f15\u4e86200\u591a\u5bb6\u7522\u696d\u93c8\u914d\u5957\u4f01\u696d\u9032\u99d0\u3002 \u8209\u4f8b\u4f86\u8aaa\uff0c\u4e0a\u6d77\u5e02\u653f\u5e9c\u8207\u7279\u65af\u62c9\u57282018\u5e74\u7c3d\u8a02\u571f\u5730\u51fa\u8b93\u5408\u540c\uff0c\u4ee5\u6bcf\u65b9\u7c731125\u5143\uff08\u4eba\u6c11\u5e63\uff0e\u4e0b\u540c\uff09\u7684\u50f9\u683c\u5411\u7279\u65af\u62c9\u63d0\u4f9b\u81e8\u6e2f\u7247\u53401297\u755d\u571f\u5730\u3002\u6b64\u5916\uff0c\u4e0a\u6d77\u76f8\u95dc\u90e8\u9580\u6309\u7167\u670d\u52d9\u91cd\u5927\u9805\u76ee\u7684\u4e00\u8cab\u505a\u6cd5\uff0c\u70ba\u7279\u65af\u62c9\u5236\u5b9a\u670d\u52d9\u6e05\u55ae\uff0c\u5f9e\u7c3d\u8a02\u6295\u8cc7\u5354\u8b70\u5230\u571f\u5730\u6458\u724c\uff0c\u7279\u65af\u62c9\u9805\u76ee\u5f97\u4ee5\u52a0\u5feb\u843d\u5730\uff0c\u524d\u5f8c\u50c5\u97003\u500b\u6708\u3002\u81e8\u6e2f\u65b0\u7247\u5340\u5177\u6709\u570b\u969b\u7af6\u722d\u529b\u7684\u7a05\u6536\u5236\u5ea6\u548c\u653f\u7b56\uff0c\u5305\u62ec\u91cd\u9ede\u7522\u696d15%\u4f01\u696d\u6240\u5f97\u7a05\u512a\u60e0\uff0c\u7279\u65af\u62c9\u5c31\u662f\u9996\u6279\u4eab\u53d7\u6b64\u9805\u512a\u60e0\u7684\u4f01\u696d\u4e4b\u4e00\u3002 \u6b64\u5916\uff0c\u7279\u65af\u62c9\u5728\u4e0a\u6d77\u5efa\u5ee0\u7684\u8cc7\u91d1\u4f86\u81ea\u4e2d\u570b\u672c\u571f\u878d\u8cc7\uff0c\u5305\u62ec\u9280\u884c\u8cb8\u6b3e\u53ca\u5730\u65b9\u50b5\u52d9\uff0c\u6bcb\u9808\u8b8a\u8ce3\u80a1\u7968\u7c4c\u8cc7\u3002\u540c\u5e74\u5e74\u5e95\uff0c\u7279\u65af\u62c9\u4ee5\u5de5\u5ee0\u548c\u571f\u5730\u70ba\u62b5\u62bc\uff0c\u4f4e\u606f\u7372\u5f97\u9ad8\u905490\u5104\u5143\u7684\u9280\u884c\u8cb8\u6b3e\u3002\u7279\u65af\u62c9\u4ea6\u5229\u7528\u4e00\u7b4622.5\u5104\u5143\u7684\u7121\u64d4\u4fdd\u5468\u8f49\u91d1\u8cb8\u6b3e\u65bc\u5efa\u9020\u5de5\u5ee0\uff0c\u4ee5\u53ca\u52d5\u7528\u90e8\u5206\u8cb8\u6b3e\u4ee5\u652f\u4ed83.5\u5104\u5143\u8ca0\u50b5\u3002 \u91cd\u9ede\u7522\u696d\u93c8\u548c\u7814\u767c\u6a5f\u69cb\u96c6\u805a\uff0c\u70ba\u4f01\u696d\u63d0\u4f9b\u8c50\u5bcc\u7684\u5275\u65b0\u751f\u614b\u7cfb\u7d71\u3002\u81e8\u6e2f\u65b0\u7247\u5340\u96c6\u805a\u4e86\u5bf6\u99ac\u3001\u5927\u773e\u3001\u4e0a\u6c7d\u7b49\u77e5\u540d\u6c7d\u8eca\u54c1\u724c\uff0c\u4ee5\u53ca\u5be7\u5fb7\u6642\u4ee3\u3001\u9577\u76c8\u7cbe\u5bc6\u548c\u5747\u52dd\u96fb\u5b50\u7b49\u4f9b\u61c9\u5546\u3002\u7814\u7a76\u6a5f\u69cb\u3001\u79d1\u6280\u516c\u53f8\u548c\u65b0\u5275\u4f01\u696d\u7d44\u6210\u5275\u65b0\u751f\u614b\u7cfb\u7d71\uff0c\u5e36\u52d5\u4e86\u65b0\u80fd\u6e90\u6c7d\u8eca\u7522\u696d\u7684\u5408\u4f5c\uff0c\u5b8c\u5584\u7684\u914d\u5957\u7522\u696d\u93c8\u4e5f\u6975\u5927\u964d\u4f4e\u4e86\u7279\u65af\u62c9\u7684\u5275\u65b0\u6210\u672c\u548c\u8cbf\u6613\u904b\u8f38\u6210\u672c\u3002\u65b0\u7247\u5340\u9084\u64c1\u6709\u5927\u91cf\u5177\u6c7d\u8eca\u884c\u696d\u7d93\u9a57\u7684\u5de5\u7a0b\u5e2b\u548c\u6280\u8853\u4eba\u54e1\uff0c\u70ba\u7279\u65af\u62c9\u63d0\u4f9b\u4e86\u5168\u7522\u696d\u93c8\u7684\u4eba\u624d\u5132\u5099\u3002 \u7279\u65af\u62c9\u8d85\u7d1a\u5de5\u5ee0\u5c0d\u4e0a\u6d77\u7684\u6c7d\u8eca\u7522\u696d\u548c\u6574\u9ad4\u7d93\u6fdf\u7522\u751f\u4e86\u91cd\u5927\u5f71\u97ff\uff0c2023\u5e74\uff0c\u8a72\u5ee0\u7d2f\u8a08\u4ea4\u4ed8\u91cf\u9054\u523094.7\u842c\u8f1b\uff0c\u4f54\u8a72\u54c1\u724c\u5168\u7403\u7522\u80fd\u903e50%\uff0c\u5354\u52a9\u65b0\u80fd\u6e90\u6c7d\u8eca\u7522\u696d\u767c\u5c55\u6210\u70ba\u81e8\u6e2f\u65b0\u7247\u5340\u7d93\u6fdf\u898f\u6a21\u6700\u5927\u7684\u7522\u696d\uff0c\u6c7d\u8eca\u7522\u696d\u7522\u503c\u5f9e2019\u5e74\u7684314\u5104\u5143\uff0c\u589e\u52a0\u81f32022\u5e74\u76842413\u5104\u5143\u3002\u8d85\u7d1a\u5de5\u5ee0\u96f6\u90e8\u4ef6\u672c\u571f\u5316\u7387\u8d85\u904e95%\uff0c\u63a8\u52d5\u4f9b\u61c9\u93c8\u5925\u4f34\u7684\u5347\u7d1a\u8f49\u578b\uff0c\u5275\u9020\u4e86\u5927\u91cf\u9ad8\u6536\u5165\u53ca\u6280\u8853\u8077\u4f4d\uff0c\u4e26\u52a0\u901f\u6280\u8853\u8f49\u79fb\u548c\u5275\u65b0\u3002 \u65b0\u52a0\u5761\uff1a\u5438\u5f15TikTok\u9032\u99d0\u8981\u8a23 2019\u5e74\uff0cTikTok\u70ba\u64f4\u5c55\u5168\u7403\u696d\u52d9\uff0c\u9078\u5740\u65b0\u52a0\u5761\u4f5c\u70ba\u7e3d\u90e8\uff0c\u5176\u80cc\u5f8c\u539f\u56e0\u4e5f\u503c\u5f97\u9999\u6e2f\u501f\u9451\u3002 \u65b0\u52a0\u5761\u653f\u5e9c\u70ba\u81f4\u529b\u6253\u9020\u8de8\u570b\u516c\u53f8\u5168\u7403\u7e3d\u90e8\u548c\u7814\u767c\u4e2d\u5fc3\uff0c\u8fd1\u5e74\u63a8\u51fa\u591a\u7a2e\u7a05\u52d9\u512a\u60e0\uff0c\u4f01\u696d\u6240\u5f97\u7a05\u4ecb\u4e4e0%\u81f317%\u4e4b\u9593\u3002\u7e3d\u90e8\u4f01\u696d\u5728\u7279\u5b9a\u6642\u671f\u5167\u53ef\u4eab\u514d\u7a05\u30015%\u621610%\u7684\u512a\u60e0\u7a05\u7387\uff1b\u516c\u53f8\u7684\u7814\u767c\u8cbb\u7528\u3001\u77e5\u8b58\u7522\u6b0a\u6536\u5165\u7b49\u53ef\u4eab\u9ad8\u9054100%\u7684\u7a05\u52d9\u62b5\u6263\u3002\u6b64\u5916\uff0c\u65b0\u52a0\u5761\u548c50\u591a\u500b\u570b\u5bb6\u548c\u5730\u5340\u7c3d\u7f72\u7684\u907f\u514d\u96d9\u91cd\u5fb5\u7a05\u5354\u5b9a\uff0c\u9032\u4e00\u6b65\u964d\u4f4e\u8a2d\u7acbTikTok\u4e9e\u6d32\u7e3d\u90e8\u7684\u6210\u672c\u3002\u9664\u4e86TikTok\u5916\uff0cZoom\u3001Sea Group\u53caSHEIN\u4e5f\u7d1b\u7d1b\u5728\u8a72\u570b\u8a2d\u7acb\u5730\u5340\u7e3d\u90e8\u3002 \u5927\u91cf\u7684\u79d1\u7814\u6295\u5165\u548c\u9ad8\u7aef\u6280\u80fd\u4eba\u624d\u5eab\uff0c\u70ba\u65b0\u52a0\u5761\u7684\u9ad8\u65b0\u6280\u8853\u7522\u696d\u53ca\u73fe\u4ee3\u670d\u52d9\u696d\u5960\u5b9a\u4e86\u5805\u5be6\u57fa\u790e\u30022020\u5e74\u5e95\uff0c\u65b0\u52a0\u5761\u653f\u5e9c\u5ba3\u5e03\u5728\u4e0b\u500b5\u5e74\u63a8\u52d5\u300c\u7814\u7a76\u3001\u5275\u65b0\u8207\u4f01\u696d2025\u8a08\u5283\u300d\uff0c\u6bcf\u5e74\u628a\u672c\u5730\u751f\u7522\u7e3d\u503c\u76841%\u6295\u5165\u79d1\u7814\u5275\u65b0\uff0c\u7e3d\u8a08250\u5104\u65b0\u52a0\u5761\u5143\uff08\u7d041456\u5104\u6e2f\u5143\uff09\uff0c\u4e26\u70ba\u5404\u985e\u4f01\u696d\u7684\u79d1\u6280\u5275\u65b0\u9053\u8def\u63d0\u4f9b\u91dd\u5c0d\u6027\u652f\u6301\u3002 \u65b0\u52a0\u5761\u7684\u5927\u5b78\u4e5f\u5728\u6e90\u6e90\u4e0d\u7d55\u5730\u57f9\u990a\u79d1\u6280\u4eba\u624d\uff0c\u5c08\u6ce8\u65bc\u79d1\u5b78\u3001\u79d1\u6280\u3001\u5de5\u7a0b\u3001\u6578\u5b78\uff08STEM\uff09\u7b49\u5b78\u79d1\u3002\u7576\u5730\u653f\u5e9c\u901a\u904e\u5c31\u696d\u6e96\u8b49\u5236\u5ea6\u5927\u529b\u5f15\u9032\u9ad8\u7aef\u4eba\u624d\u548c\u7dca\u7f3a\u4eba\u624d\u3002\u53e6\u5916\uff0c\u65b0\u52a0\u5761\u512a\u8d8a\u7684\u4f4f\u623f\u5236\u5ea6\u548c\u884c\u4e4b\u6709\u6548\u7684\u516c\u7a4d\u91d1\u5236\u5ea6\uff0c\u5747\u70ba\u4eba\u624d\u7684\u5438\u5f15\u548c\u4fdd\u7559\u63d0\u4f9b\u4e86\u6975\u5927\u4fbf\u5229\u3002 \u9999\u6e2f\u548c\u65b0\u52a0\u5761\u540c\u6a23\u64c1\u6709\u4e16\u754c\u898b\u7a31\u7684\u9ad8\u6548\u653f\u5e9c\u3001\u512a\u8cea\u7684\u6a5f\u5834\u548c\u6e2f\u53e3\u7b49\u57fa\u790e\u8a2d\u65bd\uff0c\u4f46\u5728\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\u4e0a\uff0c\u9999\u6e2f\u9808\u6025\u8d77\u76f4\u8ffd\u30022023\u5e74\uff0c\u65b0\u52a0\u5761\u63a8\u51fa\u6578\u78bc\u4e92\u806f\u4e92\u901a\u767c\u5c55\u85cd\u5716\uff0c\u5168\u9762\u898f\u5283\u6574\u500b\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\uff0c\u6db5\u84cb\u8edf\u786c\u57fa\u790e\u8a2d\u65bd\uff0c\u70baTikTok\u7b49\u79d1\u6280\u4f01\u696d\u7684\u672a\u4f86\u767c\u5c55\u63d0\u4f9b\u4e86\u8a98\u56e0\u3002\u6b64\u5916\uff0c\u70ba\u63a8\u52d5\u6578\u78bc\u7d93\u6fdf\u767c\u5c55\uff0c\u65b0\u52a0\u5761\u653f\u5e9c\u5be6\u65bd\u4e86\u4eba\u5de5\u667a\u80fd\u5c08\u5229\u512a\u5148\u8a08\u5283\uff0c\u5927\u5927\u7e2e\u77ed\u4e86\u5c08\u5229\u7372\u6279\u7684\u6642\u9593\uff0c\u5982\u963f\u91cc\u5df4\u5df4\u50c5\u75283\u500b\u6708\u4fbf\u7372\u6279\u4e86\u6b64\u524d\u81f3\u5c11\u9700\u5169\u5e74\u6642\u9593\u5be9\u6838\u7684\u4eba\u5de5\u667a\u80fd\u5c08\u5229\u3002 \u9999\u6e2f\uff1a\u5b9c\u63a86\u62db\u5c55\u958b\u90e8\u7f72 \u9762\u5c0d\u7576\u524d\u65e5\u76ca\u8907\u96dc\u7684\u4e16\u754c\u5730\u7de3\u653f\u6cbb\u7d93\u6fdf\u683c\u5c40\uff0c\u5168\u7403\u7522\u696d\u5206\u5de5\u683c\u5c40\u6b63\u5728\u9010\u6b65\u8abf\u6574\uff0c\u9999\u6e2f\u8981\u6210\u529f\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\uff0c\u5fc5\u9808\u61c9\u4ed8\u5404\u7a2e\u5404\u6a23\u7684\u6311\u6230\u3002\u501f\u9451\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\u7684\u6210\u529f\u7d93\u9a57\uff0c\u9999\u6e2f\u53ef\u4ee5\u8003\u616e\u63a8\u884c\u5982\u4e0b6\u9805\u653f\u7b56\u63aa\u65bd\uff1a 1\u3001\u5c0d\u7e3d\u90e8\u7d93\u6fdf\u9032\u884c\u9577\u671f\u898f\u5283\uff1a\u53c3\u8003\u5167\u5730\u76845\u5e74\u898f\u5283\u548c\u65b0\u52a0\u5761\u7814\u7a76\u3001\u5275\u65b0\u8207\u4f01\u696d2025\u8a08\u5283\uff0c\u570d\u7e5e\u9999\u6e2f\u672a\u4f86\u7684\u767c\u5c55\u91cd\u5fc3\uff0c\u70ba\u7e3d\u90e8\u7d93\u6fdf\u767c\u5c55\u63d0\u4f9b\u7a69\u5b9a\u7684\u8cc7\u91d1\u652f\u6301\uff0c\u5c0d\u57fa\u790e\u79d1\u5b78\u7814\u767c\u3001\u77e5\u8b58\u8f49\u5316\u3001\u7522\u6b0a\u4fdd\u8b77\u7b49\u6d3b\u52d5\u9032\u884c\u6295\u8cc7\u5206\u914d\u3002\u4ee5\u672c\u5730\u7dca\u7f3a\u7684\u5c08\u696d\u8077\u4f4d\u7d66\u4e88\u7c3d\u8b49\u548c\u5c45\u7559\u6b0a\u5be9\u6279\u512a\u60e0\uff0c\u91dd\u5c0d\u6027\u5f15\u9032\u5168\u7403\u591a\u5143\u5316\u3001\u591a\u7a2e\u65cf\u4eba\u624d\u3002 2\u3001\u767c\u5c55\u5168\u65b9\u4f4d\u5275\u65b0\u653f\u7b56\u9ad4\u7cfb\u8207\u670d\u52d9\u6a5f\u5236\uff1a\u5728\u5168\u7403\u6700\u4f4e\u7a05\u7387\u65b9\u6848\uff08\u4e00\u822c\u7a31\u70ba\u300cBEPS 2.0\u300d\uff09\u4e0b\uff0c\u50b3\u7d71\u7684\u7a05\u6536\u8ca1\u653f\u512a\u60e0\u653f\u7b56\u5df2\u7d93\u5f88\u96e3\u6253\u52d5\u512a\u52e2\u4f01\u696d\u4f86\u6e2f\u8a2d\u7acb\u7e3d\u90e8\u3002\u9999\u6e2f\u8981\u70ba\u91cd\u9ede\u7522\u696d\u95dc\u9375\u74b0\u7bc0\u7684\u4f01\u696d\u63d0\u4f9b\u91dd\u5c0d\u6027\u914d\u5957\u670d\u52d9\uff0c\u5f9e\u9805\u76ee\u7c3d\u7d04\u5230\u571f\u5730\u4f9b\u61c9\uff0c\u70ba\u6574\u500b\u6d41\u7a0b\u5236\u5b9a\u5c08\u9805\u670d\u52d9\u65b9\u6848\u3002\u4e0d\u59a8\u8a2d\u7acb\u5c08\u9580\u7684\u5c0d\u63a5\u90e8\u9580\uff0c\u4ee5\u5efa\u7acb\u7a69\u5b9a\u6709\u6548\u7684\u6e9d\u901a\u670d\u52d9\u6a5f\u5236\uff1b\u91dd\u5c0d\u512a\u52e2\u4f01\u696d\u7684\u95dc\u9375\u751f\u7522\u8981\u7d20\uff0c\u4e88\u4ee5\u512a\u5148\u914d\u7f6e\u3002 3\u3001\u767c\u63ee\u9999\u6e2f\u91d1\u878d\u670d\u52d9\u696d\u512a\u52e2\uff0c\u63d0\u4f9b\u91dd\u5c0d\u6027\u548c\u591a\u6a23\u6027\u7684\u878d\u8cc7\u53ca\u8ca1\u653f\u88dc\u8cbc\uff1a\u4ee5\u7522\u696d\u6025\u9700\u7a0b\u5ea6\u548c\u50f9\u503c\u93c8\u4f4d\u7f6e\u9032\u884c\u5dee\u7570\u5316\u8abf\u6574\uff0c\u78ba\u4fdd\u653f\u7b56\u6548\u679c\u6700\u5927\u5316\uff0c\u964d\u4f4e\u4f01\u696d\u751f\u7522\u6210\u672c\u3002 4\u3001\u901a\u904e\u5317\u90e8\u90fd\u6703\u5340\u5efa\u8a2d\uff0c\u52a0\u5f37\u9999\u6e2f\u9ad8\u7aef\u88fd\u9020\u696d\u57fa\u790e\uff1a\u5728\u57fa\u790e\u8a2d\u65bd\u65b9\u9762\uff0c\u901a\u904e\u5c0d\u63a5\u5927\u7063\u5340\u5404\u57ce\u5e02\u7684\u9ad8\u7aef\u88fd\u9020\u696d\uff0c\u5b8c\u5584\u5317\u90e8\u7522\u696d\u5712\u5340\u5efa\u8a2d\uff0c\u5305\u62ec\u4ea4\u901a\u7db2\u7d61\u548c\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\u7b49\uff0c\u5438\u5f15\u9ad8\u7aef\u88fd\u9020\u696d\u7684\u4e0a\u6e38\u53ca\u4e0b\u6e38\u7522\u696d\u9032\u99d0\u3002 \u518d\u8005\uff0c\u5fc5\u9808\u6ce8\u91cd\u8207\u5927\u7063\u5340\u5176\u4ed6\u57ce\u5e02\u5206\u5de5\u5408\u4f5c\uff0c\u5c24\u5176\u662f\u501f\u529b\u6df1\u5733\u53ca\u6771\u839e\u7684\u9ad8\u7aef\u88fd\u9020\u696d\u7d93\u9a57\uff0c\u767c\u63ee\u672c\u6e2f\u7684\u4eba\u624d\u3001\u8cc7\u91d1\u53ca\u5236\u5ea6\u512a\u52e2\uff0c\u5438\u5f15\u5167\u5730\u548c\u6d77\u5916\u7684\u8de8\u570b\u4f01\u696d\u7e3d\u90e8\u843d\u6236\uff0c\u5206\u6563\u7814\u767c\u53ca\u88fd\u9020\u529f\u80fd\uff0c\u4e26\u52a0\u5f37\u9999\u6e2f\u8207\u5927\u7063\u5340\u5404\u57ce\u5e02\u7684\u7522\u696d\u96c6\u805a\u3002 5\u3001\u5728\u5317\u90e8\u90fd\u6703\u5340\u8a2d\u7acb\u4e16\u754c\u53ca\u672c\u6e2f\u4e00\u6d41\u5927\u5b78\u7684\u5206\u6821\uff1a\u6191\u85c9\u9999\u6e2f\u7684\u9ad8\u7b49\u6559\u80b2\u5f37\u52e2\uff0c\u57f9\u8a13\u65b0\u4e00\u4ee3\u7e3d\u90e8\u7d93\u6fdf\u4eba\u624d\uff0c\u4e26\u5438\u5f15\u6d77\u5916\u5e74\u8f15\u4eba\u624d\u524d\u4f86\uff0c\u70ba\u9ad8\u7aef\u7814\u767c\u578b\u7522\u696d\u6253\u597d\u57fa\u790e\uff1b\u9084\u6709\u71df\u9020\u7522\u5b78\u7814\u4e92\u52d5\uff0c\u5e36\u52d5\u79d1\u7814\u5546\u54c1\u5316\u53ca\u77e5\u8b58\u8f49\u79fb\uff0c\u52a0\u5f37\u9999\u6e2f\u61c9\u7528\u79d1\u5b78\u7814\u7a76\u57fa\u790e\u3002 6\u3001\u52a0\u5f37\u9999\u6e2f\u822a\u7a7a\u696d\u767c\u5c55\uff1a\u6253\u9020\u6210\u4e9e\u6d32\u822a\u7a7a\u6a1e\u7d10\uff0c\u6295\u8cc7\u57fa\u5efa\u4e4b\u9918\uff0c\u9084\u9808\u64f4\u5927\u5728\u6a5f\u5834\u4e0d\u540c\u90e8\u9580\u548c\u7a0b\u5e8f\u4e2d\u6578\u78bc\u79d1\u6280\u7684\u61c9\u7528\uff0c\u5305\u62ec\u904e\u95dc\u7a0b\u5e8f\uff1b\u540c\u6642\u61c9\u7a4d\u6975\u8207\u5176\u4ed6\u653f\u5e9c\u7c3d\u7f72\u96d9\u908a\u822a\u904b\u5354\u8b70\uff0c\u5728\u5ba2\u8ca8\u904b\u5169\u65b9\u9762\u589e\u5f37\u8207\u5404\u570b\uff0c\u7279\u5225\u662f\u6771\u76df\u53ca\u4e2d\u6771\u7b49\u7b56\u7565\u5925\u4f34\u7684\u806f\u901a\u6027\u3002 \u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\uff0c\u65e2\u53ef\u5e36\u4f86\u65b0\u7522\u696d\u548c\u9ad8\u589e\u503c\u7d93\u6fdf\u6d3b\u52d5\uff0c\u4ea6\u53ef\u5438\u5f15\u591a\u5143\u4eba\u624d\u53ca\u6295\u8cc7\u3002\u6b64\u8209\u6709\u52a9\u65bc\u9999\u6e2f\u63a8\u52d5\u7d93\u6fdf\u8f49\u578b\uff0c\u4e26\u63d0\u5347\u5176\u570b\u969b\u91d1\u878d\u4e2d\u5fc3\u5730\u4f4d\u53ca\u7af6\u722d\u529b\u3002 \u9127\u5e0c\u7152\u6559\u6388 \u9999\u6e2f\u5927\u5b78\u7d93\u7ba1\u5b78\u9662\u526f\u9662\u9577\uff08\u5c0d\u5916\u4e8b\u52d9\uff09\u3001\u4e9e\u6d32\u74b0\u7403\u7814\u7a76\u6240\u7e3d\u76e3\u3001\u99ae\u570b\u7d93\u99ae\u570b\u7db8\u57fa\u91d1\u7d93\u6fdf\u5b78 \uff08\u672c\u6587\u540c\u6642\u65bc\u4e8c\u96f6\u4e8c\u56db\u5e74\u4e8c\u6708\u4e8c\u5341\u516b\u65e5\u8f09\u65bc\u300a\u4fe1\u5831\u300b\u300c\u9f8d\u864e\u5c71\u4e0b\u300d\u5c08\u6b04\uff09","og:url":"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/hkej-column\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\/","article:published_time":"2024-03-06T03:15:50+00:00","article:modified_time":"2024-03-06T03:15:50+00:00","twitter:card":"summary_large_image","twitter:title":"\u91cd\u6574\u9999\u6e2f\u7e3d\u90e8\u7d93\u6fdf\u7b56\u7565 - HKU Business School","twitter:description":"\u5728\u4e9e\u6d32\uff0c\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u7684\u7e3d\u90e8\u7d93\u6fdf\u767c\u5c55\u5c24\u70ba\u51fa\u8272\u3002\u4e0a\u6d77\u5229\u7528\u5176\u5728\u88fd\u9020\u696d\u3001\u79d1\u6280\u548c\u7269\u6d41\u65b9\u9762\u7684\u512a\u52e2\uff0c\u5438\u5f15\u5982\u7f8e\u570b\u7279\u65af\u62c9\uff08Tesla\uff09\u3001\u5fb7\u570b\u535a\u4e16\uff08Bosch\uff09\u3001\u65e5\u672c\u4e09\u4e95\u4f4f\u53cb\u9280\u884c\uff08Sumitomo Mitsui Banking Corporation\uff09\u3001\u82f1\u570b\u963f\u65af\u5229\u5eb7\uff08AstraZeneca\uff09\u7b49\u570b\u969b\u696d\u754c\u9f8d\u982d\u5728\u7576\u5730\u5efa\u7acb\u7e3d\u90e8\u3002\u65b0\u52a0\u5761\u5247\u7a4d\u6975\u5be6\u884c\u4eba\u624d\u65b0\u653f\u548c\u5275\u65b0\uff0c\u4ee5\u9a45\u52d5\u767c\u5c55\u3002 \u9999\u6e2f\u64c1\u6709\u7a69\u5065\u7684\u6cd5\u6cbb\u548c\u71df\u5546\u74b0\u5883\uff0c\u80cc\u976014\u5104\u4eba\u53e3\u7684\u5167\u5730\u5e02\u5834\uff0c\u662f\u4e2d\u570b\u9762\u5411\u4e16\u754c\u7684\u91cd\u8981\u9580\u6236\uff0c\u7406\u61c9\u4f54\u8de8\u570b\u4f01\u696d\u7e3d\u90e8\u9032\u99d0\u4e4b\u5229\uff1b\u4f46\u6839\u64da\u5f6d\u535a\u884c\u696d\u7814\u7a76\uff08Bloomberg Intelligence\uff09\uff0c\u622a\u81f32023\u5e74\uff0c\u9999\u6e2f\u64c1\u6709\u4f01\u696d\u7e3d\u90e81336\u5bb6\uff0c\u53ea\u53ca\u65b0\u52a0\u5761\u7d044200\u5bb6\u7684\u4e09\u6210\u3002 \u672c\u6587\u5c07\u805a\u7126\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u5728\u7e3d\u90e8\u7d93\u6fdf\u4e00\u74b0\u7684\u5148\u9032\u7d93\u9a57\u53ca\u76f8\u95dc\u653f\u7b56\uff0c\u70ba\u9999\u6e2f\u5faa\u6b64\u4e00\u65b9\u5411\u7684\u767c\u5c55\u63a2\u7d22\u51fa\u8def\u3002 \u4e0a\u6d77\uff1a\u91cd\u9ede\u7522\u696d\u93c8\u300c\u672c\u571f\u4e00\u9ad4\u5316\u300d \u4f4d\u65bc\u4e0a\u6d77\u6771\u5357\u90e8\u7684\u81e8\u6e2f\u65b0\u7247\u5340\uff0c\u64c1\u6709\u7368\u7279\u7684\u7d9c\u5408\u5340\u4f4d\u512a\u52e2\uff0c\u901a\u904e\u5236\u5ea6\u5275\u65b0\u8ce6\u80fd\u79d1\u6280\u5275\u65b0\uff0c\u96c6\u4e2d\u767c\u5c55\u5148\u9032\u88fd\u9020\u696d\u548c\u7b56\u7565\u6027\u7522\u696d\uff0c\u5982\u7a4d\u9ad4\u96fb\u8def\u3001\u4eba\u5de5\u667a\u80fd\u3001\u65b0\u80fd\u6e90\u7b49\uff0c\u4e26\u5c0d\u7814\u767c\u3001\u88fd\u9020\u3001\u7a05\u9805\u3001\u4eba\u624d\u7d66\u4e88\u591a\u7dad\u5ea6\u653f\u7b56\u7d44\u5408\u6276\u6301\uff0c\u7279\u65af\u62c9\u548c\u4e2d\u82af\u570b\u969b\u7b49\u591a\u500b\u9f8d\u982d\u4f01\u696d\u5f62\u6210\u7684\u96c6\u805a\u6548\u61c9\uff0c\u5438\u5f15\u4e86200\u591a\u5bb6\u7522\u696d\u93c8\u914d\u5957\u4f01\u696d\u9032\u99d0\u3002 \u8209\u4f8b\u4f86\u8aaa\uff0c\u4e0a\u6d77\u5e02\u653f\u5e9c\u8207\u7279\u65af\u62c9\u57282018\u5e74\u7c3d\u8a02\u571f\u5730\u51fa\u8b93\u5408\u540c\uff0c\u4ee5\u6bcf\u65b9\u7c731125\u5143\uff08\u4eba\u6c11\u5e63\uff0e\u4e0b\u540c\uff09\u7684\u50f9\u683c\u5411\u7279\u65af\u62c9\u63d0\u4f9b\u81e8\u6e2f\u7247\u53401297\u755d\u571f\u5730\u3002\u6b64\u5916\uff0c\u4e0a\u6d77\u76f8\u95dc\u90e8\u9580\u6309\u7167\u670d\u52d9\u91cd\u5927\u9805\u76ee\u7684\u4e00\u8cab\u505a\u6cd5\uff0c\u70ba\u7279\u65af\u62c9\u5236\u5b9a\u670d\u52d9\u6e05\u55ae\uff0c\u5f9e\u7c3d\u8a02\u6295\u8cc7\u5354\u8b70\u5230\u571f\u5730\u6458\u724c\uff0c\u7279\u65af\u62c9\u9805\u76ee\u5f97\u4ee5\u52a0\u5feb\u843d\u5730\uff0c\u524d\u5f8c\u50c5\u97003\u500b\u6708\u3002\u81e8\u6e2f\u65b0\u7247\u5340\u5177\u6709\u570b\u969b\u7af6\u722d\u529b\u7684\u7a05\u6536\u5236\u5ea6\u548c\u653f\u7b56\uff0c\u5305\u62ec\u91cd\u9ede\u7522\u696d15%\u4f01\u696d\u6240\u5f97\u7a05\u512a\u60e0\uff0c\u7279\u65af\u62c9\u5c31\u662f\u9996\u6279\u4eab\u53d7\u6b64\u9805\u512a\u60e0\u7684\u4f01\u696d\u4e4b\u4e00\u3002 \u6b64\u5916\uff0c\u7279\u65af\u62c9\u5728\u4e0a\u6d77\u5efa\u5ee0\u7684\u8cc7\u91d1\u4f86\u81ea\u4e2d\u570b\u672c\u571f\u878d\u8cc7\uff0c\u5305\u62ec\u9280\u884c\u8cb8\u6b3e\u53ca\u5730\u65b9\u50b5\u52d9\uff0c\u6bcb\u9808\u8b8a\u8ce3\u80a1\u7968\u7c4c\u8cc7\u3002\u540c\u5e74\u5e74\u5e95\uff0c\u7279\u65af\u62c9\u4ee5\u5de5\u5ee0\u548c\u571f\u5730\u70ba\u62b5\u62bc\uff0c\u4f4e\u606f\u7372\u5f97\u9ad8\u905490\u5104\u5143\u7684\u9280\u884c\u8cb8\u6b3e\u3002\u7279\u65af\u62c9\u4ea6\u5229\u7528\u4e00\u7b4622.5\u5104\u5143\u7684\u7121\u64d4\u4fdd\u5468\u8f49\u91d1\u8cb8\u6b3e\u65bc\u5efa\u9020\u5de5\u5ee0\uff0c\u4ee5\u53ca\u52d5\u7528\u90e8\u5206\u8cb8\u6b3e\u4ee5\u652f\u4ed83.5\u5104\u5143\u8ca0\u50b5\u3002 \u91cd\u9ede\u7522\u696d\u93c8\u548c\u7814\u767c\u6a5f\u69cb\u96c6\u805a\uff0c\u70ba\u4f01\u696d\u63d0\u4f9b\u8c50\u5bcc\u7684\u5275\u65b0\u751f\u614b\u7cfb\u7d71\u3002\u81e8\u6e2f\u65b0\u7247\u5340\u96c6\u805a\u4e86\u5bf6\u99ac\u3001\u5927\u773e\u3001\u4e0a\u6c7d\u7b49\u77e5\u540d\u6c7d\u8eca\u54c1\u724c\uff0c\u4ee5\u53ca\u5be7\u5fb7\u6642\u4ee3\u3001\u9577\u76c8\u7cbe\u5bc6\u548c\u5747\u52dd\u96fb\u5b50\u7b49\u4f9b\u61c9\u5546\u3002\u7814\u7a76\u6a5f\u69cb\u3001\u79d1\u6280\u516c\u53f8\u548c\u65b0\u5275\u4f01\u696d\u7d44\u6210\u5275\u65b0\u751f\u614b\u7cfb\u7d71\uff0c\u5e36\u52d5\u4e86\u65b0\u80fd\u6e90\u6c7d\u8eca\u7522\u696d\u7684\u5408\u4f5c\uff0c\u5b8c\u5584\u7684\u914d\u5957\u7522\u696d\u93c8\u4e5f\u6975\u5927\u964d\u4f4e\u4e86\u7279\u65af\u62c9\u7684\u5275\u65b0\u6210\u672c\u548c\u8cbf\u6613\u904b\u8f38\u6210\u672c\u3002\u65b0\u7247\u5340\u9084\u64c1\u6709\u5927\u91cf\u5177\u6c7d\u8eca\u884c\u696d\u7d93\u9a57\u7684\u5de5\u7a0b\u5e2b\u548c\u6280\u8853\u4eba\u54e1\uff0c\u70ba\u7279\u65af\u62c9\u63d0\u4f9b\u4e86\u5168\u7522\u696d\u93c8\u7684\u4eba\u624d\u5132\u5099\u3002 \u7279\u65af\u62c9\u8d85\u7d1a\u5de5\u5ee0\u5c0d\u4e0a\u6d77\u7684\u6c7d\u8eca\u7522\u696d\u548c\u6574\u9ad4\u7d93\u6fdf\u7522\u751f\u4e86\u91cd\u5927\u5f71\u97ff\uff0c2023\u5e74\uff0c\u8a72\u5ee0\u7d2f\u8a08\u4ea4\u4ed8\u91cf\u9054\u523094.7\u842c\u8f1b\uff0c\u4f54\u8a72\u54c1\u724c\u5168\u7403\u7522\u80fd\u903e50%\uff0c\u5354\u52a9\u65b0\u80fd\u6e90\u6c7d\u8eca\u7522\u696d\u767c\u5c55\u6210\u70ba\u81e8\u6e2f\u65b0\u7247\u5340\u7d93\u6fdf\u898f\u6a21\u6700\u5927\u7684\u7522\u696d\uff0c\u6c7d\u8eca\u7522\u696d\u7522\u503c\u5f9e2019\u5e74\u7684314\u5104\u5143\uff0c\u589e\u52a0\u81f32022\u5e74\u76842413\u5104\u5143\u3002\u8d85\u7d1a\u5de5\u5ee0\u96f6\u90e8\u4ef6\u672c\u571f\u5316\u7387\u8d85\u904e95%\uff0c\u63a8\u52d5\u4f9b\u61c9\u93c8\u5925\u4f34\u7684\u5347\u7d1a\u8f49\u578b\uff0c\u5275\u9020\u4e86\u5927\u91cf\u9ad8\u6536\u5165\u53ca\u6280\u8853\u8077\u4f4d\uff0c\u4e26\u52a0\u901f\u6280\u8853\u8f49\u79fb\u548c\u5275\u65b0\u3002 \u65b0\u52a0\u5761\uff1a\u5438\u5f15TikTok\u9032\u99d0\u8981\u8a23 2019\u5e74\uff0cTikTok\u70ba\u64f4\u5c55\u5168\u7403\u696d\u52d9\uff0c\u9078\u5740\u65b0\u52a0\u5761\u4f5c\u70ba\u7e3d\u90e8\uff0c\u5176\u80cc\u5f8c\u539f\u56e0\u4e5f\u503c\u5f97\u9999\u6e2f\u501f\u9451\u3002 \u65b0\u52a0\u5761\u653f\u5e9c\u70ba\u81f4\u529b\u6253\u9020\u8de8\u570b\u516c\u53f8\u5168\u7403\u7e3d\u90e8\u548c\u7814\u767c\u4e2d\u5fc3\uff0c\u8fd1\u5e74\u63a8\u51fa\u591a\u7a2e\u7a05\u52d9\u512a\u60e0\uff0c\u4f01\u696d\u6240\u5f97\u7a05\u4ecb\u4e4e0%\u81f317%\u4e4b\u9593\u3002\u7e3d\u90e8\u4f01\u696d\u5728\u7279\u5b9a\u6642\u671f\u5167\u53ef\u4eab\u514d\u7a05\u30015%\u621610%\u7684\u512a\u60e0\u7a05\u7387\uff1b\u516c\u53f8\u7684\u7814\u767c\u8cbb\u7528\u3001\u77e5\u8b58\u7522\u6b0a\u6536\u5165\u7b49\u53ef\u4eab\u9ad8\u9054100%\u7684\u7a05\u52d9\u62b5\u6263\u3002\u6b64\u5916\uff0c\u65b0\u52a0\u5761\u548c50\u591a\u500b\u570b\u5bb6\u548c\u5730\u5340\u7c3d\u7f72\u7684\u907f\u514d\u96d9\u91cd\u5fb5\u7a05\u5354\u5b9a\uff0c\u9032\u4e00\u6b65\u964d\u4f4e\u8a2d\u7acbTikTok\u4e9e\u6d32\u7e3d\u90e8\u7684\u6210\u672c\u3002\u9664\u4e86TikTok\u5916\uff0cZoom\u3001Sea Group\u53caSHEIN\u4e5f\u7d1b\u7d1b\u5728\u8a72\u570b\u8a2d\u7acb\u5730\u5340\u7e3d\u90e8\u3002 \u5927\u91cf\u7684\u79d1\u7814\u6295\u5165\u548c\u9ad8\u7aef\u6280\u80fd\u4eba\u624d\u5eab\uff0c\u70ba\u65b0\u52a0\u5761\u7684\u9ad8\u65b0\u6280\u8853\u7522\u696d\u53ca\u73fe\u4ee3\u670d\u52d9\u696d\u5960\u5b9a\u4e86\u5805\u5be6\u57fa\u790e\u30022020\u5e74\u5e95\uff0c\u65b0\u52a0\u5761\u653f\u5e9c\u5ba3\u5e03\u5728\u4e0b\u500b5\u5e74\u63a8\u52d5\u300c\u7814\u7a76\u3001\u5275\u65b0\u8207\u4f01\u696d2025\u8a08\u5283\u300d\uff0c\u6bcf\u5e74\u628a\u672c\u5730\u751f\u7522\u7e3d\u503c\u76841%\u6295\u5165\u79d1\u7814\u5275\u65b0\uff0c\u7e3d\u8a08250\u5104\u65b0\u52a0\u5761\u5143\uff08\u7d041456\u5104\u6e2f\u5143\uff09\uff0c\u4e26\u70ba\u5404\u985e\u4f01\u696d\u7684\u79d1\u6280\u5275\u65b0\u9053\u8def\u63d0\u4f9b\u91dd\u5c0d\u6027\u652f\u6301\u3002 \u65b0\u52a0\u5761\u7684\u5927\u5b78\u4e5f\u5728\u6e90\u6e90\u4e0d\u7d55\u5730\u57f9\u990a\u79d1\u6280\u4eba\u624d\uff0c\u5c08\u6ce8\u65bc\u79d1\u5b78\u3001\u79d1\u6280\u3001\u5de5\u7a0b\u3001\u6578\u5b78\uff08STEM\uff09\u7b49\u5b78\u79d1\u3002\u7576\u5730\u653f\u5e9c\u901a\u904e\u5c31\u696d\u6e96\u8b49\u5236\u5ea6\u5927\u529b\u5f15\u9032\u9ad8\u7aef\u4eba\u624d\u548c\u7dca\u7f3a\u4eba\u624d\u3002\u53e6\u5916\uff0c\u65b0\u52a0\u5761\u512a\u8d8a\u7684\u4f4f\u623f\u5236\u5ea6\u548c\u884c\u4e4b\u6709\u6548\u7684\u516c\u7a4d\u91d1\u5236\u5ea6\uff0c\u5747\u70ba\u4eba\u624d\u7684\u5438\u5f15\u548c\u4fdd\u7559\u63d0\u4f9b\u4e86\u6975\u5927\u4fbf\u5229\u3002 \u9999\u6e2f\u548c\u65b0\u52a0\u5761\u540c\u6a23\u64c1\u6709\u4e16\u754c\u898b\u7a31\u7684\u9ad8\u6548\u653f\u5e9c\u3001\u512a\u8cea\u7684\u6a5f\u5834\u548c\u6e2f\u53e3\u7b49\u57fa\u790e\u8a2d\u65bd\uff0c\u4f46\u5728\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\u4e0a\uff0c\u9999\u6e2f\u9808\u6025\u8d77\u76f4\u8ffd\u30022023\u5e74\uff0c\u65b0\u52a0\u5761\u63a8\u51fa\u6578\u78bc\u4e92\u806f\u4e92\u901a\u767c\u5c55\u85cd\u5716\uff0c\u5168\u9762\u898f\u5283\u6574\u500b\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\uff0c\u6db5\u84cb\u8edf\u786c\u57fa\u790e\u8a2d\u65bd\uff0c\u70baTikTok\u7b49\u79d1\u6280\u4f01\u696d\u7684\u672a\u4f86\u767c\u5c55\u63d0\u4f9b\u4e86\u8a98\u56e0\u3002\u6b64\u5916\uff0c\u70ba\u63a8\u52d5\u6578\u78bc\u7d93\u6fdf\u767c\u5c55\uff0c\u65b0\u52a0\u5761\u653f\u5e9c\u5be6\u65bd\u4e86\u4eba\u5de5\u667a\u80fd\u5c08\u5229\u512a\u5148\u8a08\u5283\uff0c\u5927\u5927\u7e2e\u77ed\u4e86\u5c08\u5229\u7372\u6279\u7684\u6642\u9593\uff0c\u5982\u963f\u91cc\u5df4\u5df4\u50c5\u75283\u500b\u6708\u4fbf\u7372\u6279\u4e86\u6b64\u524d\u81f3\u5c11\u9700\u5169\u5e74\u6642\u9593\u5be9\u6838\u7684\u4eba\u5de5\u667a\u80fd\u5c08\u5229\u3002 \u9999\u6e2f\uff1a\u5b9c\u63a86\u62db\u5c55\u958b\u90e8\u7f72 \u9762\u5c0d\u7576\u524d\u65e5\u76ca\u8907\u96dc\u7684\u4e16\u754c\u5730\u7de3\u653f\u6cbb\u7d93\u6fdf\u683c\u5c40\uff0c\u5168\u7403\u7522\u696d\u5206\u5de5\u683c\u5c40\u6b63\u5728\u9010\u6b65\u8abf\u6574\uff0c\u9999\u6e2f\u8981\u6210\u529f\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\uff0c\u5fc5\u9808\u61c9\u4ed8\u5404\u7a2e\u5404\u6a23\u7684\u6311\u6230\u3002\u501f\u9451\u4e0a\u6d77\u548c\u65b0\u52a0\u5761\u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\u7684\u6210\u529f\u7d93\u9a57\uff0c\u9999\u6e2f\u53ef\u4ee5\u8003\u616e\u63a8\u884c\u5982\u4e0b6\u9805\u653f\u7b56\u63aa\u65bd\uff1a 1\u3001\u5c0d\u7e3d\u90e8\u7d93\u6fdf\u9032\u884c\u9577\u671f\u898f\u5283\uff1a\u53c3\u8003\u5167\u5730\u76845\u5e74\u898f\u5283\u548c\u65b0\u52a0\u5761\u7814\u7a76\u3001\u5275\u65b0\u8207\u4f01\u696d2025\u8a08\u5283\uff0c\u570d\u7e5e\u9999\u6e2f\u672a\u4f86\u7684\u767c\u5c55\u91cd\u5fc3\uff0c\u70ba\u7e3d\u90e8\u7d93\u6fdf\u767c\u5c55\u63d0\u4f9b\u7a69\u5b9a\u7684\u8cc7\u91d1\u652f\u6301\uff0c\u5c0d\u57fa\u790e\u79d1\u5b78\u7814\u767c\u3001\u77e5\u8b58\u8f49\u5316\u3001\u7522\u6b0a\u4fdd\u8b77\u7b49\u6d3b\u52d5\u9032\u884c\u6295\u8cc7\u5206\u914d\u3002\u4ee5\u672c\u5730\u7dca\u7f3a\u7684\u5c08\u696d\u8077\u4f4d\u7d66\u4e88\u7c3d\u8b49\u548c\u5c45\u7559\u6b0a\u5be9\u6279\u512a\u60e0\uff0c\u91dd\u5c0d\u6027\u5f15\u9032\u5168\u7403\u591a\u5143\u5316\u3001\u591a\u7a2e\u65cf\u4eba\u624d\u3002 2\u3001\u767c\u5c55\u5168\u65b9\u4f4d\u5275\u65b0\u653f\u7b56\u9ad4\u7cfb\u8207\u670d\u52d9\u6a5f\u5236\uff1a\u5728\u5168\u7403\u6700\u4f4e\u7a05\u7387\u65b9\u6848\uff08\u4e00\u822c\u7a31\u70ba\u300cBEPS 2.0\u300d\uff09\u4e0b\uff0c\u50b3\u7d71\u7684\u7a05\u6536\u8ca1\u653f\u512a\u60e0\u653f\u7b56\u5df2\u7d93\u5f88\u96e3\u6253\u52d5\u512a\u52e2\u4f01\u696d\u4f86\u6e2f\u8a2d\u7acb\u7e3d\u90e8\u3002\u9999\u6e2f\u8981\u70ba\u91cd\u9ede\u7522\u696d\u95dc\u9375\u74b0\u7bc0\u7684\u4f01\u696d\u63d0\u4f9b\u91dd\u5c0d\u6027\u914d\u5957\u670d\u52d9\uff0c\u5f9e\u9805\u76ee\u7c3d\u7d04\u5230\u571f\u5730\u4f9b\u61c9\uff0c\u70ba\u6574\u500b\u6d41\u7a0b\u5236\u5b9a\u5c08\u9805\u670d\u52d9\u65b9\u6848\u3002\u4e0d\u59a8\u8a2d\u7acb\u5c08\u9580\u7684\u5c0d\u63a5\u90e8\u9580\uff0c\u4ee5\u5efa\u7acb\u7a69\u5b9a\u6709\u6548\u7684\u6e9d\u901a\u670d\u52d9\u6a5f\u5236\uff1b\u91dd\u5c0d\u512a\u52e2\u4f01\u696d\u7684\u95dc\u9375\u751f\u7522\u8981\u7d20\uff0c\u4e88\u4ee5\u512a\u5148\u914d\u7f6e\u3002 3\u3001\u767c\u63ee\u9999\u6e2f\u91d1\u878d\u670d\u52d9\u696d\u512a\u52e2\uff0c\u63d0\u4f9b\u91dd\u5c0d\u6027\u548c\u591a\u6a23\u6027\u7684\u878d\u8cc7\u53ca\u8ca1\u653f\u88dc\u8cbc\uff1a\u4ee5\u7522\u696d\u6025\u9700\u7a0b\u5ea6\u548c\u50f9\u503c\u93c8\u4f4d\u7f6e\u9032\u884c\u5dee\u7570\u5316\u8abf\u6574\uff0c\u78ba\u4fdd\u653f\u7b56\u6548\u679c\u6700\u5927\u5316\uff0c\u964d\u4f4e\u4f01\u696d\u751f\u7522\u6210\u672c\u3002 4\u3001\u901a\u904e\u5317\u90e8\u90fd\u6703\u5340\u5efa\u8a2d\uff0c\u52a0\u5f37\u9999\u6e2f\u9ad8\u7aef\u88fd\u9020\u696d\u57fa\u790e\uff1a\u5728\u57fa\u790e\u8a2d\u65bd\u65b9\u9762\uff0c\u901a\u904e\u5c0d\u63a5\u5927\u7063\u5340\u5404\u57ce\u5e02\u7684\u9ad8\u7aef\u88fd\u9020\u696d\uff0c\u5b8c\u5584\u5317\u90e8\u7522\u696d\u5712\u5340\u5efa\u8a2d\uff0c\u5305\u62ec\u4ea4\u901a\u7db2\u7d61\u548c\u6578\u78bc\u57fa\u790e\u8a2d\u65bd\u7b49\uff0c\u5438\u5f15\u9ad8\u7aef\u88fd\u9020\u696d\u7684\u4e0a\u6e38\u53ca\u4e0b\u6e38\u7522\u696d\u9032\u99d0\u3002 \u518d\u8005\uff0c\u5fc5\u9808\u6ce8\u91cd\u8207\u5927\u7063\u5340\u5176\u4ed6\u57ce\u5e02\u5206\u5de5\u5408\u4f5c\uff0c\u5c24\u5176\u662f\u501f\u529b\u6df1\u5733\u53ca\u6771\u839e\u7684\u9ad8\u7aef\u88fd\u9020\u696d\u7d93\u9a57\uff0c\u767c\u63ee\u672c\u6e2f\u7684\u4eba\u624d\u3001\u8cc7\u91d1\u53ca\u5236\u5ea6\u512a\u52e2\uff0c\u5438\u5f15\u5167\u5730\u548c\u6d77\u5916\u7684\u8de8\u570b\u4f01\u696d\u7e3d\u90e8\u843d\u6236\uff0c\u5206\u6563\u7814\u767c\u53ca\u88fd\u9020\u529f\u80fd\uff0c\u4e26\u52a0\u5f37\u9999\u6e2f\u8207\u5927\u7063\u5340\u5404\u57ce\u5e02\u7684\u7522\u696d\u96c6\u805a\u3002 5\u3001\u5728\u5317\u90e8\u90fd\u6703\u5340\u8a2d\u7acb\u4e16\u754c\u53ca\u672c\u6e2f\u4e00\u6d41\u5927\u5b78\u7684\u5206\u6821\uff1a\u6191\u85c9\u9999\u6e2f\u7684\u9ad8\u7b49\u6559\u80b2\u5f37\u52e2\uff0c\u57f9\u8a13\u65b0\u4e00\u4ee3\u7e3d\u90e8\u7d93\u6fdf\u4eba\u624d\uff0c\u4e26\u5438\u5f15\u6d77\u5916\u5e74\u8f15\u4eba\u624d\u524d\u4f86\uff0c\u70ba\u9ad8\u7aef\u7814\u767c\u578b\u7522\u696d\u6253\u597d\u57fa\u790e\uff1b\u9084\u6709\u71df\u9020\u7522\u5b78\u7814\u4e92\u52d5\uff0c\u5e36\u52d5\u79d1\u7814\u5546\u54c1\u5316\u53ca\u77e5\u8b58\u8f49\u79fb\uff0c\u52a0\u5f37\u9999\u6e2f\u61c9\u7528\u79d1\u5b78\u7814\u7a76\u57fa\u790e\u3002 6\u3001\u52a0\u5f37\u9999\u6e2f\u822a\u7a7a\u696d\u767c\u5c55\uff1a\u6253\u9020\u6210\u4e9e\u6d32\u822a\u7a7a\u6a1e\u7d10\uff0c\u6295\u8cc7\u57fa\u5efa\u4e4b\u9918\uff0c\u9084\u9808\u64f4\u5927\u5728\u6a5f\u5834\u4e0d\u540c\u90e8\u9580\u548c\u7a0b\u5e8f\u4e2d\u6578\u78bc\u79d1\u6280\u7684\u61c9\u7528\uff0c\u5305\u62ec\u904e\u95dc\u7a0b\u5e8f\uff1b\u540c\u6642\u61c9\u7a4d\u6975\u8207\u5176\u4ed6\u653f\u5e9c\u7c3d\u7f72\u96d9\u908a\u822a\u904b\u5354\u8b70\uff0c\u5728\u5ba2\u8ca8\u904b\u5169\u65b9\u9762\u589e\u5f37\u8207\u5404\u570b\uff0c\u7279\u5225\u662f\u6771\u76df\u53ca\u4e2d\u6771\u7b49\u7b56\u7565\u5925\u4f34\u7684\u806f\u901a\u6027\u3002 \u767c\u5c55\u7e3d\u90e8\u7d93\u6fdf\uff0c\u65e2\u53ef\u5e36\u4f86\u65b0\u7522\u696d\u548c\u9ad8\u589e\u503c\u7d93\u6fdf\u6d3b\u52d5\uff0c\u4ea6\u53ef\u5438\u5f15\u591a\u5143\u4eba\u624d\u53ca\u6295\u8cc7\u3002\u6b64\u8209\u6709\u52a9\u65bc\u9999\u6e2f\u63a8\u52d5\u7d93\u6fdf\u8f49\u578b\uff0c\u4e26\u63d0\u5347\u5176\u570b\u969b\u91d1\u878d\u4e2d\u5fc3\u5730\u4f4d\u53ca\u7af6\u722d\u529b\u3002 \u9127\u5e0c\u7152\u6559\u6388 \u9999\u6e2f\u5927\u5b78\u7d93\u7ba1\u5b78\u9662\u526f\u9662\u9577\uff08\u5c0d\u5916\u4e8b\u52d9\uff09\u3001\u4e9e\u6d32\u74b0\u7403\u7814\u7a76\u6240\u7e3d\u76e3\u3001\u99ae\u570b\u7d93\u99ae\u570b\u7db8\u57fa\u91d1\u7d93\u6fdf\u5b78 \uff08\u672c\u6587\u540c\u6642\u65bc\u4e8c\u96f6\u4e8c\u56db\u5e74\u4e8c\u6708\u4e8c\u5341\u516b\u65e5\u8f09\u65bc\u300a\u4fe1\u5831\u300b\u300c\u9f8d\u864e\u5c71\u4e0b\u300d\u5c08\u6b04\uff09"},"aioseo_meta_data":{"post_id":"208761","title":null,"description":null,"keywords":[],"keyphrases":{"focus":{"keyphrase":"","score":0,"analysis":{"keyphraseInTitle":{"score":0,"maxScore":9,"error":1}}},"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":[],"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"WebPage","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"breadcrumb_settings":null,"limit_modified_date":0,"ai":null,"created":"2024-02-29 01:59:55","updated":"2024-03-06 03:15:55","seo_analyzer_scan_date":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/www.hkubs.hku.hk\/tc\/\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/www.hkubs.hku.hk\/tc\/thought-leadership\/hkej-column-tc\/\" title=\"\u9f8d\u864e\u5c71\u4e0b\">\u9f8d\u864e\u5c71\u4e0b<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t\u91cd\u6574\u9999\u6e2f\u7e3d\u90e8\u7d93\u6fdf\u7b56\u7565\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/www.hkubs.hku.hk\/tc\/"},{"label":"\u9f8d\u864e\u5c71\u4e0b","link":"https:\/\/www.hkubs.hku.hk\/tc\/thought-leadership\/hkej-column-tc\/"},{"label":"\u91cd\u6574\u9999\u6e2f\u7e3d\u90e8\u7d93\u6fdf\u7b56\u7565","link":"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/hkej-column\/%e9%87%8d%e6%95%b4%e9%a6%99%e6%b8%af%e7%b8%bd%e9%83%a8%e7%b6%93%e6%bf%9f%e7%ad%96%e7%95%a5-3\/"}],"_links":{"self":[{"href":"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/thought-leadership\/208761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/thought-leadership"}],"about":[{"href":"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/types\/thought-leadership"}],"version-history":[{"count":2,"href":"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/thought-leadership\/208761\/revisions"}],"predecessor-version":[{"id":209110,"href":"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/thought-leadership\/208761\/revisions\/209110"}],"wp:attachment":[{"href":"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/media?parent=208761"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hkubs.hku.hk\/tc\/wp-json\/wp\/v2\/tags?post=208761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}