危机 | 为什么，万科一边高喊“活下去”，一边又大笔投资收购

发布于 2018-10-10

å¨ä¸ç§ååºâæ´»ä¸å»âçå½æ¥ï¼æ·±é«éå¨æ¸¯äº¤æå¬åï¼æå¼è¿ä¸ç§ä½ä¸ºæç¥æèµèï¼å¢èµä»·æ ¼ï¼å·²ç¡®å®ä¸ºäººæ°å¸29äº¿åã æ®å¬åï¼å¦æ¬æ¬¡å¢èµæç»å¾ä»¥è½å®ï¼ä¸ç§å®éåºèµé¢äººæ°å¸29äº¿åï¼æ¥æèåç½®å°30%çæçãæ®æï¼èåç½®å°ï¼æ¥ææ·±å³æ¢æå³åå¸æ´æ°é¡¹ç®ï¼æå»ºæç©ä¸çå¸åºè¯ä¼°ä»·å¼é¾ç¾äº¿åã æ¨å¤©ï¼åå¤å¹¸ç¦å¬åï¼æä¸åäº¬ä¸ç§ä¼ä¸æéå¬å¸ï¼å°±åå¤å¹¸ç¦ç¯äº¬åºå33.93ä¸å¹³æ¹ç±³çä½å®ç¨å°ï¼ç¾ç½²åä½åè®®ï¼æå®äº¤æä»·æ¬¾çº¦ä¸º32.34äº¿åã æ ¹æ®å¬åï¼ä¸ç§æéè¿æ¶è´åå¤å¹¸ç¦5å®¶é¡¹ç®å¬å¸çé¨åè¡æçæ¹å¼ï¼åä½å¼ååå¤å¹¸ç¦ä½äºæ¶¿å·ãå¤§åãå»ååé¸å·å¸ç10å®åå°é¡¹ç®ã ç½ç»ä¸æäººç»è®¡äºä¸å£åº¦ä»¥æ¥ï¼å¼ååå¤§å¥ä»¬çæèµæåµï¼ç»è®¡æ¾ç¤ºï¼æç§æçéé¢è®¡ç®ï¼ä¸ç§ä¸å£åº¦ï¼åè®¡æ¿å°éé¢æ¥è¿500äº¿åï¼è¾¾å°458.7äº¿åï¼ç¸å½äºæå¤§+ç¢§æ¡å+ä¿å©+èååå¤§é¾å¤´æ¿ä¼æ¿å°éé¢æ»åã ä¸è¾¹é«åâæ´»ä¸å»âï¼ä¸è¾¹åå¤§èæèµæ¶è´ï¼äºæ¯å°±æèªåªä½æ¶æéï¼ ä¸ç§ï¼âæ´»ä¸å»ï¼âåè¡ï¼âä¸æ¯å§å¥ï¼æ¨æè¿ä¹ä¸¥éåï¼âä¸ç§ï¼âææ¯è¯´ä½ ãâåè¡ï¼âåå¦åï¼è¿çæ¯ï¼å¤§å¥ææï¼â è¿ç§éºå¤©çå°çä¸çè§£ï¼å¶å®ï¼æ°æ°æ¯æ¬è½®æ¿å°äº§è¡ä¸çå±æºæå¨ã è¯é®ï¼ç®åè¿äºä¸ªåäº¿æ¿ä¼ï¼æå å®¶ççç»åè¿éä»·åæ¿ãå²èç©è´§ãè¢«ç ¸å®æ¥¼å¤ååå¬å®¤è¢«å´ï¼ ç®èè¨ä¹ï¼é¤äº1998å¹´åè¿å¤§äºçä¸æµ·ï¼2008å¹´è´å¢é¿çä¸ç§ï¼è¡ä¸éå¶ä½çå¤§å¤æ°å¼ååï¼é½åªä¼æé¡ºé£çï¼åå²å°±æ¯è¿ä¹æè¶£ï¼2018å¹´ï¼è°æ¥åè¿ä¸ªäºï¼ å¦ä½æ£ç¡®çè§£âæ´»ä¸å»âï¼ é¦åï¼éè¿ä¸å¾ï¼è®©æä»¬ççè¿å»è¿åå¹´çè¡ä¸æåµã å®è§æ¿çï¼æ´ä½æ¯ç§¯æåä¸çï¼äººæ°ç¾¤ä¼å¯¹äºæ¿å°äº§çè´ä¹°ææ¿ï¼ä¹æ¯èèæåçï¼éå®ä»·æ ¼ï¼å¹´åå¢å¹20%é½ç®ä¸ä¸ä»ä¹ï¼éç½®ä¹éçéå®ä»·æ ¼çä¸æ¶¨èæ°´æ¶¨è¹é«ã é¡¹ç®æ®éåºç°è±ªå®åçå¾åï¼æ¯å©ææ¯è¾ææ¾çæåï¼ä½ç±äºåå¢ç¨çåå¨ï¼å®éä¸åå©å¹¶æ²¡æè´¨çæåï¼ä¸æ¤åæ¶ï¼éçéå®æ»éçå¢å ï¼è½ç¶åºåçæ¯ä¾æ¯ä¸éçï¼ä½æ¯åºåçç»å¯¹æ»éä¹å¹¶ä¸ä½ã<img style="" data-ratio="0.75" data-type="jpeg" data-w="960" data-s="300,640" data-copyright="0" data-src="https://mmbiz.qpic.cn/mmbiz_jpg/AJkYaTAujIyibDt8YjjveMdc2otdHqGK22A3GGRemYu6lsF9SlotEvbckrBoHtcqeCQMOYMjqJ1mukJLQaBGgCQ/640?wx_fmt=jpeg"> å°äº2018å¹´çç°å¨ï¼éçè´¸ææçæ·±åï¼å®è§æ¿çå¼å§è¶äºè°¨æï¼å°¤å¶å¯¹äºæ¿å°äº§è¡ä¸çèèµï¼å¼å§å å¤§çæ§ååº¦å¹¶æç»æ¶ç´§ã è¿è®©å¾å¤å¼ååä»8æèµ·ï¼å¼å§åºç°äºç°éæµç´§å¼ çæåµï¼å°äº9æï¼åå°æåççåº¦ææ¾ä¸éï¼è¿å¥10æï¼å°±è¿æ®éè´æ¿èä¹å¼å§å·æ·¡ä¸æ¥ã äºæ¯å°±åºç°ä¸å¾çæåµï¼ä¸æ¹é¢æ¯åºåè¿å¨å¢é¿ï¼å¦å¤ä¸æ¹é¢æ¯éç½®ææ¬ï¼å±é«ä¸ä¸ï¼èå®¢æ·çè´ä¹°ææ¿ï¼å´å¨éæ¥ä¸éãä¸æ¤åæ¶ï¼å¤§éé«å°ä»·é¡¹ç®ï¼å¼å§åºç°åå¼ºä¿æ¬çè³äºæ¬çæåµï¼å¼ååçæ´ä½åå©æ°´å¹³ï¼ä¸éæ¯è¾ææ¾ã <img style="" data-ratio="0.75" data-type="jpeg" data-w="960" data-s="300,640" data-copyright="0" data-src="https://mmbiz.qpic.cn/mmbiz_jpg/AJkYaTAujIyibDt8YjjveMdc2otdHqGK2Ndg0QUFxGPQayTWEmtiavY8p0XKUibPVsvHqg5QvO3Wc0DIvfxmI9EjA/640?wx_fmt=jpeg">é¢å¯¹è¿æ ·çç°ç¶ï¼ä½ å¸æå¾å°æ¯ææ ·çæªæ¥ï¼ å¯¹äºä¸å®¶æç»ç»è¥çæ¿å°äº§å¬å¸ï¼ä¸è®ºæ¯çå¸è¿æ¯çå¸ï¼ä¸è®ºæ¿ä»·ä¸æ¶¨è¿æ¯ä¸è·ï¼æèµéå®ï¼ä¸è¿ä¸åºï¼è¿é½æ¯å¿é¡»æç»è¿è¡çç»è¥æ´»å¨ã é«åâæ´»ä¸å»âï¼å¼ºè°çæ¯æé«èªèº«ç»è¥è½åï¼å¤§ä¸¾æèµæ¶è´ï¼èåå³æ¯ä¿ææç»å¢é¿çè¦æ±ï¼æ´æ¯èµæºç»æè°æ´çâæ´»ä¸å»âå¨ä½ã ä»ç»ççï¼ä¸ç§è¿å ç¬æèµï¼å¯å¨é½æ¯é½å¸åéé¢çï¼ä½ææ¬ä½é£é©çï¼å¯é«å¨è½¬çï¼æç»å¹²åçå¥½èï¼è¿æ ·çç©èµï¼ä¸æ£æ¯è¿å¬å¿å¤çæç¥ç©èµåï¼ æä»¥ï¼é«åâæ´»ä¸å»âåå å¤§æèµï¼ä¸¤èå¹¶ä¸çç¾ï¼å¦æä½ ä»¥ä¸ºè¿æ¯ä¸ç§çé´è°æé³è°ï¼è¿æ±ççè¿æ³¢ææ¯è°æ´è¿å»ï¼å°±å¯ä»¥ç»§ç»èººçèµé±çæ³æ³ï¼é£ä¹ä½ å·²ç»å¾å±é©äºï¼ä¸å¦æ©ç¹ææéçèäº¤ç»ä¸ç§æä½ç®äºã ç»¼ä¸ï¼ä¸ç§âæ´»ä¸å»âè¦è¡¨è¾¾çæ ¸å¿æææ¯ââ è¦å¦ä¼éåºæªæ¥ä¸æ®µæ¶é´åå®è§æ¿ççä¸åå¥½ï¼è¦å¦ä¼æ¥åå®¢æ·è´ä¹°ææ¿éæ¥èµ°ä½çéå®çè¦ï¼è¦åæ¢é¢å¯¹éå®åæ¬¾ç®æ ååï¼åéå®ä»·æ ¼ä¸è·çç§ç§éº»ç¦ï¼è¦ä»ç»ç¢ç£¨å¦ä½æå¥½é¢ç¨å¨ååä¸ï¼éä½éç½®ææ¬è¿ä¸ä¼¤å®³äº§åç«äºåï¼æ¶å»ç¢è®°ç®¡çå¥½åºååéå®çæ¯ä¾å³ç³»ï¼å°¤å¶è¦ææ»åºåçæ»éªçæåºï¼åªåéè¿æ©å¤§éå®æ»éè§æ¨¡ï¼å®ç°åå©è§æ¨¡çæç»æåã <img style="" data-ratio="0.75" data-type="jpeg" data-w="960" data-s="300,640" data-copyright="0" data-src="https://mmbiz.qpic.cn/mmbiz_jpg/AJkYaTAujIyibDt8YjjveMdc2otdHqGK2vLSfyOZ2Fe6pIh16YO2Y4QtTibmu7qJNAWNKoibiaqtgbA0OkBgUNL8Bw/640?wx_fmt=jpeg"> è¯´äºè¿ä¹å¤ï¼ä½ä¸ºæ¾ç»å¨ä¸ç§å·¥ä½ï¼ç°å¨èªå·±åä¸çäººï¼ææ³æéåä½ï¼âæ´»ä¸å»âï¼è¿å¶å®æ¯è¡ä¸ï¼èµæ¬ï¼å¯¹èä¸ç»çäººçè¦åââ ä¸æ¯å¬å¸è½ä¸è½æ´»ä¸å»ï¼èæ¯ä½ä¸ºèä¸ç»çäººçä½ ï¼è½ä¸è½æ´»ä¸å»ã ââ END ââ <p style="margin: 0px 16px;padding: 0px;max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;clear: both;min-height: 1em;color: rgb(51, 51, 51);font-family: -apple-system-font, BlinkMacSystemFont, 'Helvetica Neue', 'PingFang SC', 'Hiragino Sans GB', 'Microsoft YaHei UI', 'Microsoft YaHei', Arial, sans-serif;font-size: 17px;font-style: normal;font-variant: normal;font-weight: normal;letter-spacing: 0.544000029563904px;line-height: 27.2000007629395px;orphans: auto;text-indent: 0px;text-transform: none;white-space: normal;widows: 1;word-spacing: 0px;-webkit-text-stroke-width: 0px;text-align: center;background-color: rgb(255, 255, 255);">çä½ æ³åç <p style="margin: 0px 16px;padding: 0px;max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;clear: both;min-height: 1em;color: rgb(51, 51, 51);font-family: -apple-system-font, BlinkMacSystemFont, 'Helvetica Neue', 'PingFang SC', 'Hiragino Sans GB', 'Microsoft YaHei UI', 'Microsoft YaHei', Arial, sans-serif;font-size: 17px;font-style: normal;font-variant: normal;font-weight: normal;letter-spacing: 0.544000029563904px;line-height: 27.2000007629395px;orphans: auto;text-align: justify;text-indent: 0px;text-transform: none;white-space: normal;widows: 1;word-spacing: 0px;-webkit-text-stroke-width: 0px;background-color: rgb(255, 255, 255);">åå¸ï¼| <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649831649&idx=1&sn=191239418c15b0c6f395c843415da5fd&chksm=8351793eb426f028970ac64031955167bfde997cdc96375bfb3bce25b5076f1458e11be2be27&token=217203186&lang=zh_CN&scene=21#wechat_redirect" target="_blank">å¾å·</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649831649&idx=4&sn=3a8acfb05820bbd38cd7b15a58e92ec9&chksm=8351793eb426f028dfd96ec6ffc5239a84aaf25b6643813aa6b4a597b9a3215e7ab25e2b4eaf&scene=21#wechat_redirect" target="_blank">å®¿è¿</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649831649&idx=3&sn=1fcdc66fac79d5ba9504bc24314a14f9&chksm=8351793eb426f02829eef9ba1dfcb8c3e91edb05d3c1d34c548b82f618928834f1da5907d2e7&scene=21#wechat_redirect" target="_blank">æ·®å</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649831649&idx=2&sn=18d65f24543e71ff6bc70eb1cb0a7bde&chksm=8351793eb426f028b98805f0f7555bfc57e3aefe6c76e7ca8df0369ad5dcc4a593a011a9b029&scene=21#wechat_redirect" target="_blank">åå±±</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649831649&idx=5&sn=9f550e5d1f6bd3becc92df723adedd61&chksm=8351793eb426f0289523b13ecd4fcb3d227a3cb259a09e504d388ace5a5eb25ece3aecfe8d46&scene=21#wechat_redirect" target="_blank">å¤©æ´¥</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649831491&idx=4&sn=4c4fb5ce9d25c1fe6012d719c5878c82&chksm=8351799cb426f08a8a6b9f35c8db84ceac56401b6da4a6429d1bc5e3339251db372a5045c242&scene=21#wechat_redirect" target="_blank">æ·±æ±</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649831603&idx=5&sn=c2d8bae147d4a2d86ec992c50c39ddad&chksm=8351796cb426f07a50b1acbe92593aabba12c3fb95e9966d93ecad99918dbcf654b9ce767405&scene=21#wechat_redirect" target="_blank">åå°æ»¨</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649831491&idx=3&sn=1e787f725d62f227dbc6c33d0b9ea3eb&chksm=8351799cb426f08accd8896c160b37e7a4436d21e1fbf2cc596763115db5ef6e04dc914ce478&scene=21#wechat_redirect" target="_blank">å°å·</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649831603&idx=4&sn=048088acd651254d77cc238d71b1af04&chksm=8351796cb426f07a7c36e33460f244db68a856502151c73820b314470b7e24412b9a8b6dcd5b&scene=21#wechat_redirect" target="_blank">å¸¸å¾·</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649831491&idx=2&sn=b6295a149a38a026e886d81014b568f3&chksm=8351799cb426f08a8a8d7adbd8721956fd91c59be8bd1ec35d4f9963a11e7e67bee72cd49405&scene=21#wechat_redirect" target="_blank">åå®</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649831603&idx=8&sn=0efaff09c26e604d7aa5c29376c129ad&chksm=8351796cb426f07abb37dd11a0cfe941868be2b543feebf288460418759254327292658947ae&scene=21#wechat_redirect" target="_blank">æ¡æ</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649831603&idx=3&sn=12f08ffb076544edcbc24e91bc3d87d7&chksm=8351796cb426f07a1cd4530a9033d462d4732c500dcdda723bdc3a87f4d55f1c62f657a4cb77&scene=21#wechat_redirect" target="_blank">æ³å·</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649831603&idx=6&sn=0a89c4ab17039cec25754aa111b87308&chksm=8351796cb426f07a6fdc14a1c0e877928f2fa46798a8b592b2b2023ad1c65081bbc80b2fafad&scene=21#wechat_redirect" target="_blank">èå </a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649831603&idx=7&sn=1bc72e377ffc3b621c2886d68c437515&chksm=8351796cb426f07adc8c50a3e1409197892c508ad9c27a6b52f8e4dde12740baf5674f5a7fa6&scene=21#wechat_redirect" target="_blank">åè¥</a>| <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649831491&idx=1&sn=10e3d481f7fd0ff46dafe2648cd3ddfb&chksm=8351799cb426f08a5118705d6b85487fa97dd013a2aee842be719ee13086aab8dee370b54185&scene=21#wechat_redirect" target="_blank">åäº¬</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649831603&idx=1&sn=9ffda0c7d9667d6700966a8bab12eccf&chksm=8351796cb426f07a4e94a2471b2d59264ed4460e0567c63095fad9c5704541a546d7bc23584a&scene=21#wechat_redirect" target="_blank">ä¸æµ·ä¸´æ¸¯</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649831065&idx=1&sn=2ffb60d98d02ebcab655c55d34d0acbf&chksm=83517746b426fe509cc721e0e3acf05fd1f60b8695dc3b66c08c0a7aa917e7471b013b02c2c2&scene=21#wechat_redirect" target="_blank">å¤ªå</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;outline: 0px;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649830804&idx=1&sn=f571d8218b897b21571a6b2f497d3a1b&chksm=8351744bb426fd5d509591673f4082563a02342283f53dfda255ad33304e6746d6448051b9ea&scene=21#wechat_redirect" target="_blank">æ¸©å·</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;outline: 0px;" href="http://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649830454&idx=1&sn=4e7c3289190e2a69c5fb20f2ae8a6d94&chksm=835175e9b426fcffa5f65cafe5274b1c296caf1a51e13ef4c7920c5a18847bef3c7b13c2bfd0&scene=21#wechat_redirect" target="_blank">ææ</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;outline: 0px;" href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649830295&idx=1&sn=f680ffa2ddf52783e9a7730971520d48&chksm=83517248b426fb5e0efc1e5c62d15b173e4d23ab7aafaab82c6ce861e98d96271fe5dc7db798&scene=21#wechat_redirect" target="_blank">åå´</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;outline: 0px;" href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649830278&idx=1&sn=8441ac780477cd9def8d4e9d7866f143&chksm=83517259b426fb4f93ff50f1c07d7b830f16ec4d1e0c23f64ef15a78a056ae301274ffbb8ec3&scene=21#wechat_redirect" target="_blank">éåº</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;outline: 0px;" href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649830196&idx=1&sn=7a599cf338734c1d41c6fa16005b1641&chksm=835172ebb426fbfdda6873adbeddc124ae670de675a7c36d11977106150a1d924572ea70f299&scene=21#wechat_redirect" target="_blank">æé½</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;outline: 0px;" href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649830221&idx=1&sn=f5994dbfe9fa00ffce4b5be1a69f3244&chksm=83517292b426fb8419e771cf48ea94de01fc7dc909b4e8c2759c6423b8be6080bc5bd1c248cc&scene=21#wechat_redirect" target="_blank">æ·±å³</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;outline: 0px;" href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649829995&idx=1&sn=cd78421e4f2e724f552f8eefc65e0236&chksm=835173b4b426faa26aed46ed566bc1f8ffa11498370fed14fa9d0690795a3eff5a186c63a03d&scene=21#wechat_redirect" target="_blank">ä¸æµ·</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;outline: 0px;" href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649829512&idx=1&sn=421f2b766d75009082de8fc1e81cd8d2&chksm=83517157b426f84197c93fd852a3e3f93019c9d81e099784ad0aa09f326ca9dd33a0edb7cfd7&scene=21#wechat_redirect" target="_blank">ç ä¸è§</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;outline: 0px;" href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=2649829480&idx=1&sn=c77baf137c109f1017170a708548d37b&chksm=835171b7b426f8a1d942708988b8f4bd875366f5928d1db99470ccad6958aa0c8cd47b292c23&scene=21#wechat_redirect" target="_blank">éå®æ°åº</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;outline: 0px;" href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=401964235&idx=1&sn=8839375241e6a7e69f49aec108ca1ad6&scene=21#wechat_redirect" target="_blank">æ é¡</a> | <a style="margin: 0px;padding: 0px;color: rgb(87, 107, 149);text-decoration: none;-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;outline: 0px;" href="https://mp.weixin.qq.com/s?__biz=MzAxMDEzOTgyNA==&mid=203026648&idx=1&sn=466dca69ff3eb746e2e5c21831d57f0f&scene=21#wechat_redirect" target="_blank">åäº¬</a> |

← 返回观点全库