Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82
云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率
随机图片

云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率

更新时间: 浏览次数: 537

400电话:123456(点击咨询)
云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率各观看免费《今日汇总》
云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率各热线观看免费2025已更新(2025已更新)








云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率各区点热线观看免费《今日发布》
Random Image 云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率电话








7天观看免费人工电话为您、云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率各观看免费《今日汇总》2025已更新(今日/推荐)








云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率电话区域:








湛江市(麻章区、雷州市、霞山区、吴川市、坡头区、遂溪县、赤坎区、廉江市、徐闻县)








孝感市(孝昌县、安陆市、应城市、云梦县、孝南区、大悟县、汉川市)








吕梁市(兴县、汾阳市、临县、石楼县、离石区、柳林县、方山县、交城县、岚县、中阳县、文水县、孝义市、交口县)








三沙市(西沙区、南沙区)  台州市(玉环市、天台县、三门县、黄岩区、临海市、温岭市、椒江区、仙居县、路桥区)








六盘水市(六枝特区、钟山区、水城区、盘州市)








贺州市(昭平县、富川瑶族自治县、平桂区、八步区、钟山县)








铁岭市(昌图县、开原市、清河区、铁岭县、调兵山市、西丰县、银州区)








商洛市(商南县、镇安县、山阳县、柞水县、洛南县、商州区、丹凤县)  海西蒙古族藏族自治州(天峻县、格尔木市、都兰县、茫崖市、乌兰县、德令哈市)








金华市(婺城区、兰溪市、武义县、东阳市、永康市、义乌市、金东区、磐安县、浦江县)








德州市(陵城区、禹城市、武城县、夏津县、乐陵市、临邑县、平原县、齐河县、庆云县、宁津县、德城区)








松原市(宁江区、长岭县、前郭尔罗斯蒙古族自治县、乾安县、扶余市)








运城市(临猗县、稷山县、盐湖区、河津市、垣曲县、万荣县、新绛县、夏县、绛县、闻喜县、平陆县、芮城县、永济市)








吐鲁番市(鄯善县、托克逊县、高昌区)








衢州市(常山县、柯城区、开化县、江山市、衢江区、龙游县)








泉州市(石狮市、南安市、泉港区、洛江区、惠安县、晋江市、鲤城区、安溪县、金门县、永春县、德化县、丰泽区)








东营市(河口区、垦利区、广饶县、东营区、利津县)








鸡西市(密山市、虎林市、恒山区、城子河区、梨树区、滴道区、鸡东县、麻山区、鸡冠区)








酒泉市(瓜州县、金塔县、阿克塞哈萨克族自治县、玉门市、肃北蒙古族自治县、敦煌市、肃州区)








辽源市(龙山区、西安区、东丰县、东辽县)








济源市








海北藏族自治州(海晏县、祁连县、刚察县、门源回族自治县)








广西壮族自治区








石家庄市(鹿泉区、新乐市、井陉矿区、无极县、赵县、元氏县、高邑县、灵寿县、深泽县、平山县、藁城区、裕华区、新华区、辛集市、晋州市、长安区、行唐县、栾城区、正定县、赞皇县、井陉县、桥西区)








河池市(天峨县、罗城仫佬族自治县、金城江区、东兰县、大化瑶族自治县、巴马瑶族自治县、凤山县、都安瑶族自治县、环江毛南族自治县、宜州区、南丹县)








德阳市(绵竹市、中江县、旌阳区、广汉市、罗江区、什邡市)








汉中市(南郑区、宁强县、洋县、勉县、佛坪县、汉台区、略阳县、城固县、留坝县、西乡县、镇巴县)








玉树藏族自治州(玉树市、治多县、称多县、曲麻莱县、杂多县、囊谦县)
400电话:123456(点击咨询)
云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率各观看免费《今日汇总》《今日发布》
云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率各观看免费《今日汇总》(2025已更新)








云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率各观看免费《今日汇总》【2025已更新列表】
云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率电话








7天观看免费人工电话为您、云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率中心2025已更新(今日/推荐)








云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率电话区域:








保山市(施甸县、隆阳区、昌宁县、龙陵县、腾冲市)








苏州市(昆山市、姑苏区、吴江区、常熟市、虎丘区、吴中区、太仓市、相城区、张家港市)








蚌埠市(龙子湖区、蚌山区、五河县、怀远县、固镇县、淮上区、禹会区)








朔州市(平鲁区、山阴县、右玉县、应县、怀仁市、朔城区)  七台河市(新兴区、茄子河区、桃山区、勃利县)








德宏傣族景颇族自治州(梁河县、陇川县、瑞丽市、盈江县、芒市)








黄南藏族自治州(泽库县、同仁市、尖扎县、河南蒙古族自治县)








通化市(集安市、二道江区、通化县、东昌区、柳河县、辉南县、梅河口市)仙桃市(神农架林区、天门市、潜江市)








鞍山市(岫岩满族自治县、台安县、海城市、铁东区、千山区、铁西区、立山区)  盐城市(东台市、大丰区、亭湖区、盐都区、建湖县、射阳县、响水县、滨海县、阜宁县)








池州市(石台县、青阳县、东至县、贵池区)








铜仁市(玉屏侗族自治县、印江土家族苗族自治县、思南县、碧江区、江口县、松桃苗族自治县、石阡县、万山区、德江县、沿河土家族自治县)








十堰市(郧阳区、竹山县、郧西县、竹溪县、房县、丹江口市、茅箭区、张湾区)常德市(武陵区、石门县、安乡县、汉寿县、临澧县、鼎城区、澧县、津市市、桃源县)








宜昌市(兴山县、点军区、宜都市、伍家岗区、猇亭区、五峰土家族自治县、长阳土家族自治县、远安县、西陵区、秭归县、枝江市、夷陵区、当阳市)








萍乡市(安源区、芦溪县、莲花县、湘东区、上栗县)








中卫市(海原县、沙坡头区、中宁县)








海口市(龙华区、美兰区、秀英区、琼山区)








赣州市(崇义县、瑞金市、石城县、章贡区、南康区、信丰县、寻乌县、兴国县、于都县、上犹县、龙南市、会昌县、安远县、定南县、全南县、大余县、赣县区、宁都县)








宁波市(江北区、余姚市、鄞州区、镇海区、北仑区、象山县、海曙区、奉化区、慈溪市、宁海县)








眉山市(丹棱县、青神县、东坡区、仁寿县、彭山区、洪雅县)








镇江市(丹阳市、丹徒区、京口区、润州区、扬中市、句容市)








延边朝鲜族自治州(图们市、敦化市、和龙市、延吉市、汪清县、龙井市、安图县、珲春市)








安阳市(文峰区、滑县、北关区、龙安区、内黄县、汤阴县、殷都区、林州市、安阳县)








海南藏族自治州(兴海县、共和县、同德县、贵南县、贵德县)








日照市(岚山区、莒县、东港区、五莲县)








锦州市(凌河区、古塔区、凌海市、义县、太和区、黑山县、北镇市)








阳江市(阳东区、阳西县、江城区、阳春市)








岳阳市(临湘市、君山区、平江县、云溪区、华容县、汨罗市、岳阳楼区、湘阴县、岳阳县)








郑州市(中牟县、金水区、巩义市、惠济区、管城回族区、二七区、荥阳市、上街区、新郑市、中原区、登封市、新密市)

  ■ 刘 琪

  海棠铺绣,春日正盛。中国人民银行日前公布的3月份的金融数据,也透出了浓浓暖意。

  3月份,人民币贷款增加约3.64万亿元,同比多增0.55万亿元。其中,企业贷款新增28400亿元,同比多增5000亿元;住户贷款增加9853亿元,同比多增447亿元。这些跃动的数字,是微观主体活力上升的生动写照,更是中国经济运行态势向好的有力注脚。

  企业贷款的强势表现是3月份金融数据的一大亮点。尤其是短期贷款增加1.44万亿元,同比增长4600亿元,成为企业贷款的主要支撑项,这表明企业的生产经营活动正在加快恢复,融资需求也在稳步回升。尽管企业中长期贷款同比少增200亿元,但考虑到地方债务置换等因素的影响,企业信贷的整体表现依然强劲。

  与此同时,居民贷款的回暖同样令人瞩目。住户中长期贷款增加5047亿元,同比多增531亿元,与重点房地产市场的“小阳春”形成呼应。3月份,30个重点城市二手房成交面积整体同比增长20%以上,成交回暖带动个人住房贷款投放增多。提前还款的情况在降低存量房贷利率后有较大缓解,也对居民中长期贷款增长产生了积极影响。此外,在大力提振消费和强化金融支持下,消费贷款增势向好,进一步支撑了居民贷款的增长。

  信贷向好的背后,离不开政策的春风化雨。去年四季度以来,一系列宏观政策发力,有效扭转社会预期。今年开年,积极的财政政策靠前发力,政府债券发行和财政支出节奏明显加快,重大项目建设也在加速落地。适度宽松的货币政策持续发力,3月份企业新发放贷款(本外币)加权平均利率约为3.3%,个人住房新发放贷款(本外币)加权平均利率约为3.1%,均处于较低水平。多项宏观政策协同发力,共同推动了信贷需求的回升。

  3月末M1增速上行进一步表明了市场信心在逐步增强,经济内生动力在不断积聚。尽管全球经济环境仍存在不确定性,但我国经济的韧性和潜力不容低估。最新公布的一季度经济数据显示,中国国内生产总值达318758亿元,同比增长5.4%。这一速度在全球主要经济体中名列前茅,充分彰显了中国经济的强大韧性与底气。

  我国超大规模内需市场回旋余地大且富有活力,完整的产业链和强大的制造业基础使我国在全球供应链中占据关键地位,持续的科技创新和产业升级也为经济注入源源不绝的增长动力。同时,我国宏观政策工具箱储备充足,能够有效应对外部环境的不确定性变化,为经济稳定增长提供有力保障。

  眼下,春季里的最后一个节气谷雨将至。谷雨取自“雨生百谷”之意,生动概括了雨水对农作物生长的关键作用。雨水之于农作物,也恰如金融活水之于实体经济。可以预见的是,随着各项政策进一步落地显效,金融活水将更好润泽实体经济发展。我们也有理由相信,未来中国经济的内生动力还将不断增强,并为世界经济增长注入更多中国动能。

  2024年9月,证监会发布《关于深化上市公司并购重组市场改革的意见》(简称“并购六条”),随后,北京、上海、广东、四川等多地相继出台了支持企业并购的相关文件或政策举措。其中,上海、深圳、安徽等地更是单独发文支持企业并购重组。在中央与地方政策的共振下,并购重组正处在政策红利期和窗口期。

  据Wind数据统计,2025年一季度,中国并购市场(包含中国企业跨境并购)共披露1647起并购事件,同比上升0.98%;交易规模约7779亿元,同比上升约115.30%,市场活跃度显著提升。从各参与方的并购目的分布来看,横向整合类的并购事件以456亿元规模占到总体交易规模的6.78%,战略合作和资产调整分别以439亿元和116亿元占到总体交易规模的6.52%和1.73%。

  不过,澎湃新闻注意到,相较于并购交易规模,并购基金参与度并不高。研究数据显示,今年一季度共计66支私募基金以并购的方式成功退出,回笼金额虽然同比有增长,但规模仅有262.77亿元。

  近日,在盐城产融生态对接会上,多位业内人士,围绕着并购基金的“出路”进行了探讨。国新证券并购重组部负责人彭德强建议,并购基金围绕上市公司进行突破。可以地方产业龙头上市公司为核心,联合其大股东、社会资本及政府资本共同设立并购基金,围绕该上市公司产业链上下游实施纵向整合与横向拓展进行布局,另外,并购基金通过主动收购上市公司构建退出通道。

  “并购六条明确允许私募基金以产业整合为目的收购上市公司,这其实为下一步并购基金的发展提供了非常好的思路。如果并购基金旗下有1~2个上市公司平台,就可以为下一步退出打下基础。”彭德强说道。

  并购基金出资人多数以地方政府为主,以招引为契机进行收购交易。中泰资本董事总经理章程从机制方面给出了诸多建议,比如尽量减少自守正出奇的战略,更多是在收购的前提下纲举目张,以地方产业政策为前提,寻找当地的链主企业。“如果收购主体是以国企为背景的并购基金,还是希望给管理层多一些激励。”

  章程还强调,未来在关键时间点上,还要对并购逻辑出发点的要素驱动测试。比如,不同时间点上基本面有没有发生变化,收购标的的增长逻辑是否发生了变化。“我们经手的多个案例,上市公司对商誉给予了非常高的关注度。商誉摊销的会计处理方法上,中国是不再进行商誉摊销,而是每年进行减值测试。”“只要估值逻辑中间发生变化,那么上市公司就要对商誉值进行调整。这部分变动会成为营业外支出,会对当期利润产生影响。”

  那么,政府参与的并购基金,着力点有哪些?

  “政府引导型的并购基金应该重点聚焦在面临产业升级的传统产业上。他们向战略性新兴产业转型过程中,有内在的整合逻辑。”彭德强表示,存量市场机会更大。

  中平资本创始合伙人黄正红总也认为,产业转型升级是并购重组永恒的主题,产业整合需求迫切、强链补链行业也存在机会。

  毅达资本合伙人刘峰总结了三点,即“全、新、强”。全,是指全产业链,上下游打通;新,则是指传统产业转型新兴;强是指提升公司质量,做大做强。刘峰以江苏盐城举例称,盐城市新能源产业比较优势明显,可以围绕新能源细分产业,通过并购重组盘活存量,将新能源产业做大做强。

MACD金叉信号形成,这些股涨势不错! 云缨的欢迎会(上)(中)(下 )漫画|如何在职场中释放创造力与热情,提升工作效率的相关文章 证明人生是旷野的几个瞬间的相关文章
火箭雾海中携烈焰腾空画面壮观
天工机器人CEO回应完赛:里程碑意义
让体重逐渐下降的30个常识
机器人跑者要人扶 观众:老奶奶来了
被问与中国接触细节特朗普让别人答
关晓彤已连续7年为鹿晗庆生
75cm机器人一路打招呼卖萌
阚清子称前几年拍戏女主得男主定
罗马诺:采访梅西会铭记一生至死
普京部署大规模兵力 特朗普埋怨
雷军发文小米SU7现身机器人半马
李承铉说自己是戚薇的“附属品”
  • 友情链接:
  • 美对乌克兰和欧洲发出和谈最后通牒 蒯曼刚赢完邱贻可立刻复盘 男子试驾撞毁5辆豪车只为求职抵债 伊朗意大利外长会晤商讨中东局势 日方代表穿着睡衣得知特朗普参会 白宫慌了 将设小组处理中美关税危机 父母逝去高龄精神障碍女儿独留人间 雷军发文小米SU7现身机器人半马 孙俪新剧遭保险行业从业者吐槽 贵州一地遭冰雹 地上如白雪覆盖 经纪人:德弗里会在国米至少再留一年 特朗普称俄乌问题再无进展我就不管了

    查看更多评价 ∨