[1]\u00a0 \u6210\u4ea4\u91cf\u52a0\u6743\u5e73\u5747\u5e02\u503c\u6d4b\u8bd5Volume Weighted Average Market Capitalisation Test: \u6210\u4ea4\u91cf\u52a0\u6743\u5e73\u5747\u5e02\u503c\u7684\u8ba1\u7b97\u65b9\u6cd5\u662f\u5c06\u53c2\u7167\u671f\u5185\u6240\u6709\u4ea4\u6613\u65e5\u7684\u6bcf\u65e5\u5e02\u503c\u4e58\u4ee5\u6bcf\u65e5\u6210\u4ea4\u80a1\u6570\u4e0e\u603b\u6210\u4ea4\u80a1\u6570\u7684\u6bd4\u7387\u7684\u4e58\u79ef\u603b\u548c\uff0c\u60df\u987b\u5c31\u9002\u5f53\u7684\u516c\u53f8\u884c\u52a8\uff08\u5982\u6709\uff09\u4f5c\u8c03\u6574\u3002\u4e0a\u6587\u6240\u8ff0\u7684\u6bcf\u65e5\u5e02\u503c\u662f\u6307\u300aGEM \u4e0a\u5e02\u89c4\u5219\u300b\u7b2c 17.27A(1)\u6761\u6240\u8ff0\u7684\u53d1\u884c\u4eba\u76f8\u5173\u7fcc\u65e5\u62ab\u9732\u62a5\u8868\u6216\u300aGEM \u4e0a\u5e02\u89c4\u5219\u300b\u7b2c 17.27B \u6761\u6240\u8ff0\u7684\u6708\u62a5\u8868\uff08\u4ee5\u8f83\u8fd1\u671f\u8005\u4e3a\u51c6\uff09\u6240\u793a\u7684\u53d1\u884c\u4eba\u5df2\u53d1\u884c\u80a1\u4efd\u603b\u6570\uff0c\u4e58\u4ee5\u4e0a\u5e02\u53d1\u884c\u4eba\u8bc1\u5238\u7684\u65e5\u5185\u6210\u4ea4\u91cf\u52a0\u6743\u5e73\u5747\u4ef7\u683c(VWAP)\u3002\u65e5\u5185VWAP\u7531\u8be5\u4ea4\u6613\u65e5\u7684\u6210\u4ea4\u91d1\u989d\uff08\u6309\u8054\u4ea4\u6240\u65e5\u62a5\u8868\u6240\u8f7d\uff09\u9664\u4ee5\u5f53\u65e5\u7684\u6210\u4ea4\u80a1\u6570\uff08\u6309\u8054\u4ea4\u6240\u65e5\u62a5\u8868\u6240\u8f7d\uff09\u6240\u5f97\u3002(\u8282\u5f55\u81ea\u300a\u5e38\u95ee\u95ee\u9898138-2024\u300b)<\/p>\n<\/div>\n

[2] \u300a\u4e3b\u677f\u4e0a\u5e02\u89c4\u5219\u300b\u7b2c8.05(2)(d): \u4e3a\u7b26\u5408\u300c\u5e02\u503c\u2571\u6536\u76ca\u2571\u73b0\u91d1\u6d41\u91cf\u6d4b\u8bd5\u300d\uff0c\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u4e0a\u5e02\u65f6\u5e02\u503c\u81f3\u5c11\u4e3a20\u4ebf\u6e2f\u5143\uff1b\u7b2c8.05(3)(d):\u4e3a\u7b26\u5408\u300c\u5e02\u503c\u2571\u6536\u76ca\u6d4b\u8bd5\uff0c\u4e0a\u5e02\u65f6\u5e02\u503c\u81f3\u5c11\u4e3a40\u4ebf\u6e2f\u5143\uff1b\u7b2c8.09(2)\u6761\u65b0\u7533\u8bf7\u4eba\u9884\u671f\u5728\u4e0a\u5e02\u65f6\u7684\u5e02\u503c\u4e0d\u5f97\u4f4e\u4e8e5\u4ebf\u6e2f\u5143\uff0c\u800c\u5728\u8ba1\u7b97\u662f\u5426\u7b26\u5408\u6b64\u9879\u5e02\u503c\u8981\u6c42\u65f6\uff0c\u5c06\u4ee5\u65b0\u7533\u8bf7\u4eba\u4e0a\u5e02\u65f6\u7684\u6240\u6709\u5df2\u53d1\u884c\u80a1\u4efd\uff08\u5305\u62ec\u6b63\u7533\u8bf7\u4e0a\u5e02\u7684\u8bc1\u5238\u7c7b\u522b\u4ee5\u53ca\u5176\u4ed6\uff08\u5982\u6709\uff09\u975e\u4e0a\u5e02\u6216\u5728\u5176\u4ed6\u53d7\u76d1\u7ba1\u5e02\u573a\u4e0a\u5e02\u7684\u8bc1\u5238\u7c7b\u522b\uff09\u4f5c\u8ba1\u7b97\u57fa\u51c6\u3002<\/p>\n<\/div>\n

[3] \u8bf7\u7559\u610f\uff0c\u6839\u636e\u4e2d\u534e\u4eba\u6c11\u5171\u548c\u56fd\u300a\u5883\u5185\u4f01\u4e1a\u5883\u5916\u53d1\u884c\u8bc1\u5238\u548c\u4e0a\u5e02\u7ba1\u7406\u8bd5\u884c\u529e\u6cd5\u300b\u7b2c22\u6761\uff0c\u5883\u5185\u4f01\u4e1a\u53d1\u884c\u4eba\u5883\u5916\u53d1\u884c\u4e0a\u5e02\u540e\u53d1\u751f\u8f6c\u6362\u4e0a\u5e02\u5730\u4f4d\u6216\u8005\u4e0a\u5e02\u677f\u5757\uff0c\u5e94\u5f53\u81ea\u76f8\u5173\u4e8b\u9879\u53d1\u751f\u5e76\u516c\u544a\u4e4b\u65e5\u8d773\u4e2a\u5de5\u4f5c\u65e5\u5185\u5411\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u62a5\u544a\u5177\u4f53\u60c5\u51b5\u3002<\/p>\n<\/div>\n<\/div>\n

<\/p>","protected":false},"excerpt":{"rendered":"

\u300a\u4e0a\u5e02\u89c4\u5219\u300b\u7b80\u5316\u8f6c\u677f\u7a0b\u5e8f \u9999\u6e2f\u8054\u5408\u4ea4\u6613\u6240\u6709\u9650\u516c\u53f8\u4e3a\u5b9e\u65bd\u6709\u5173GEM\u4e0a\u5e02\u6539\u9769\u7684\u54a8\u8be2\u603b\u7ed3\u800c\u5bf9\u300aGEM\u4e0a\u5e02\u89c4\u5219\u300b\u53ca\u300a\u4e3b.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[51,39,42],"tags":[98,71,96,97,99,95],"class_list":["post-14970","post","type-post","status-publish","format-standard","hentry","category-corporate-law","category-news","category-news2","tag-erica-cheng","tag-hank-lo","tag-96","tag-97","tag-99","tag-95"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/posts\/14970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/comments?post=14970"}],"version-history":[{"count":19,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/posts\/14970\/revisions"}],"predecessor-version":[{"id":15704,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/posts\/14970\/revisions\/15704"}],"wp:attachment":[{"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/media?parent=14970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/categories?post=14970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/tags?post=14970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

\u00a0<\/b><\/td>\n	\u7b80\u5316\u8f6c\u677f\u7a0b\u5e8f<\/strong><\/p>\n \u00a0<\/b><\/td>\n	\u4e0a\u5e02\u89c4\u5219<\/strong><\/b><\/td>\n	\u7279\u70b9<\/strong><\/b><\/td>\n<\/tr>\n
\u59d4\u4efb\u4fdd\u8350\u4eba<\/strong><\/b><\/td>\n	\u6bcb\u987b\u59d4\u4efb\u4fdd\u8350\u4eba\u5c31\u8f6c\u677f\u8fdb\u884c\u5c3d\u804c\u5ba1\u67e5<\/p>\n <\/td>\n	9B.04(1)<\/td>\n	\u6709\u52a9\u8282\u7701\u8fdb\u884c\u5c3d\u804c\u5ba1\u67e5\u6240\u9700\u7684\u65f6\u95f4\u548c\u8d39\u7528<\/td>\n<\/tr>\n
\u62db\u80a1\u7ae0\u7a0b<\/strong><\/p>\n \u00a0<\/b><\/td>\n	\u6bcb\u987b\u520a\u53d1\u8fbe\u5230\u62db\u80a1\u7ae0\u7a0b\u6807\u51c6\u7684\u4e0a\u5e02\u6587\u4ef6<\/p>\n <\/td>\n	9B.04(3)<\/td>\n	\u6709\u52a9\u8282\u7701\u7f16\u7e82\u62db\u80a1\u7ae0\u7a0b\u6240\u9700\u7684\u65f6\u95f4\u548c\u8d39\u7528<\/td>\n<\/tr>\n
\u4e3b\u677f\u4e0a\u5e02\u8d44\u683c<\/strong><\/b><\/td>\n	\u8f6c\u677f\u7533\u8bf7\u4eba\u987b\u7b26\u5408\u300a\u4e3b\u677f\u4e0a\u5e02\u89c4\u5219\u300b\u6240\u8f7d\u7684\u5404\u9879\u4e3b\u677f\u4e0a\u5e02\u8d44\u683c<\/td>\n	9A.02(1)<\/td>\n	\u7533\u8bf7\u4eba\u9700\u6ce8\u610f\u5408\u89c4\u8981\u6c42<\/td>\n<\/tr>\n
GEM\u4e0a\u5e02\u5f80\u7ee9\u7eaa\u5f55<\/strong><\/b><\/td>\n	\n \n \u8f6c\u677f\u7533\u8bf7\u524d\u6709\u81f3\u5c11\u4e09\u4e2a\u5b8c\u6574\u8d22\u653f\u5e74\u5ea6\u4e8e GEM \u4e0a\u5e02\u7684\u5f80\u7ee9\u7eaa\u5f55\uff0c\u5e76\u4e14\u8be5\u4e09\u4e2a\u8d22\u653f\u5e74\u5ea6\u7684\u8d22\u653f\u4e1a\u7ee9\u7ecf\u5df2\u7b26\u5408\u300aGEM\u4e0a\u5e02\u89c4\u5219\u300b\u7b2c18.03\u6761\u7684\u89c4\u5b9a<\/li>\n \u5728\u8f6c\u677f\u7533\u8bf7\u524d\u7684\u4e09\u4e2a\u5b8c\u6574\u8d22\u653f\u5e74\u5ea6\u53ca\u81f3\u5176\u8bc1\u5238\u5f00\u59cb\u5728\u4e3b\u677f\u4e70\u5356\u4e4b\u65e5\u4e3a\u6b62\u7684\u6574\u6bb5\u671f\u95f4\uff1a<\/li>\n<\/ul>\n (a)\u00a0\u00a0\u00a0 \u62e5\u6709\u6743\u53ca\u63a7\u5236\u6743\u7ef4\u6301\u4e0d\u53d8<\/p>\n (b)\u00a0\u00a0 \u4e3b\u8425\u4e1a\u52a1\u65e0\u6839\u672c\u6027\u7684\u8f6c\u53d8<\/td>\n	9B.03(1)<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n 9B.03(3)<\/p>\n 9B.03(4)<\/td>\n	\u7533\u8bf7\u4eba\u9700\u786e\u4fdd\u4e09\u4e2a\u8d22\u653f\u5e74\u5ea6\u7b26\u5408\u6709\u5173\u8d22\u52a1\u62ab\u9732\u3001\u62e5\u6709\u6743\u3001\u63a7\u5236\u6743\u53ca\u4e3b\u8425\u4e1a\u52a1\u7684\u89c4\u5b9a<\/td>\n<\/tr>\n
\u901a\u8fc7\u6bcf\u65e5\u6210\u4ea4\u91d1\u989d\u6d4b\u8bd5<\/strong><\/b><\/td>\n	\u5728\u8f6c\u677f\u7533\u8bf7\u524d\u7684250\u4e2a\u4ea4\u6613\u65e5\u53ca\u81f3\u53d1\u884c\u4eba\u8bc1\u5238\u5f00\u59cb\u5728\u4e3b\u677f\u4e70\u5356\u4e4b\u65e5\u4e3a\u6b62\u7684\u671f\u95f4\uff08\u300c\u53c2\u7167\u671f<\/b>\u300d\uff09\u5185\u6240\u6709\u4ea4\u6613\u65e5\u7684\u4e0d\u5c11\u4e8e50%\u65e5\u6570\uff0c\u53d1\u884c\u4eba\u8bc1\u5238\u7684\u6bcf\u65e5\u6210\u4ea4\u91d1\u989d\u5fc5\u987b\u4e0d\u5c11\u4e8e50,000\u6e2f\u5143<\/td>\n	9B.03(5)<\/td>\n	\u7533\u8bf7\u4eba\u9700\u8981\u7559\u610f\u6bcf\u65e5\u6210\u4ea4\u91d1\u989d\u6d4b\u8bd5\u7684\u8ba1\u7b97\u65b9\u5f0f\uff0c\u786e\u4fdd\u6210\u4ea4\u91cf\u8fbe\u6807<\/td>\n<\/tr>\n
\u901a\u8fc7\u6210\u4ea4\u91cf\u52a0\u6743\u5e73\u5747\u5e02\u503c\u6d4b\u8bd5<\/strong>[1]<\/b><\/td>\n	\u8f6c\u677f\u7533\u8bf7\u4eba\u5728\u53c2\u7167\u671f\u7684\u6210\u4ea4\u91cf\u52a0\u6743\u5e73\u5747\u5e02\u503c\u987b\u8fbe\u5230\u300a\u4e3b\u677f\u4e0a\u5e02\u89c4\u5219\u300b\u7b2c8.05(2)(d)\u30018.05(3)(d)\u62168.09(2)\u6761[2]\uff08\u4e09\u9879\u5176\u4e2d\u4e00\u9879\u6d4b\u8bd5\u9700\u8fbe\u6807\uff09\u7684\u6700\u4f4e\u5e02\u503c\u89c4\u5b9a<\/td>\n	9B.03(2)<\/td>\n	\u7533\u8bf7\u4eba\u9700\u8981\u7559\u610f\u6210\u4ea4\u91cf\u52a0\u6743\u5e73\u5747\u5e02\u503c\u6d4b\u8bd5\u7684\u8ba1\u7b97\u65b9\u5f0f\uff0c\u786e\u4fdd\u5e02\u503c\u8fbe\u6807<\/td>\n<\/tr>\n
\u5411\u4e0a\u5e02\u79d1\u63d0\u4ea4\u7684\u6587\u4ef6<\/strong><\/p>\n <\/td>\n	\n \n \u6b63\u5f0f\u4e0a\u5e02\u7533\u8bf7\uff08\u5305\u62ec\u8463\u4e8b\u5c31\u7533\u8bf7\u4eba\u5df2\u7b26\u5408\u6240\u6709\u6709\u5173\u8f6c\u677f\u7684\u89c4\u5b9a\u6240\u4f5c\u51fa\u7684\u786e\u8ba4\uff09<\/li>\n \u8f6c\u677f\u516c\u544a\u7684\u63a5\u8fd1\u5b9a\u7a3f\u7ed9\u4e0a\u5e02\u79d1\u9884\u5148\u5ba1\u9605<\/li>\n \u8425\u8fd0\u8d44\u91d1\u5145\u8db3\u58f0\u660e\u52a0\u4e0a\u76f8\u5173\u4f50\u8bc1\u8d44\u6599\uff0c\u786e\u8ba4\uff1a<\/li>\n<\/ul>\n –\u00a0\u00a0\u00a0 \u96c6\u56e2\u7684\u8425\u8fd0\u8d44\u91d1\u8db3\u8f6c\u677f\u516c\u544a\u65e5\u671f\u8d77\u8ba1 12 \u4e2a\u6708\u6240\u9700<\/p>\n –\u00a0\u00a0\u00a0 \u53d1\u884c\u4eba\u7684\u8d22\u52a1\u987e\u95ee\u6216\u6838\u6570\u5e08\u4fe1\u7eb3\u8fd9\u9879\u786e\u8ba4\u662f\u7ecf\u8fc7\u9002\u5f53\u4e0e\u5ba1\u614e\u67e5\u8be2\u540e\u4f5c\u51fa\u7684\uff1b\u800c\u63d0\u4f9b\u878d\u8d44\u7684\u4eba\u58eb\u6216\u673a\u6784\uff0c\u4ea6\u5df2\u4ee5\u4e66\u9762\u8bf4\u660e\u786e\u6709\u63d0\u4f9b\u8be5\u7b49\u878d\u8d44<\/p>\n \n \u53d6\u5f97\u8f6c\u677f\u4e0a\u5e02\u6240\u9700\u7684\u6240\u6709\u5fc5\u8981\u7684\u80a1\u4e1c\u3001\u8463\u4e8b\u4f1a\u53ca\uff0f\u6216\u76d1\u7ba1\u673a\u6784\u6279\u51c6[3]<\/li>\n<\/ul>\n<\/td>\n	9B.05<\/td>\n	\u5411\u4e0a\u5e02\u79d1\u63d0\u4ea4\u7684\u6587\u4ef6\u8f83\u4ee5\u5f80\u5c11\uff0c\u6709\u52a9\u8282\u7701\u62df\u5907\u76f8\u5173\u6587\u4ef6\u7684\u65f6\u95f4<\/b><\/p>\n <\/td>\n<\/tr>\n
\u8f6c\u677f\u516c\u544a<\/strong><\/b><\/td>\n	\n \n \u987b\u4e8e\u7533\u8bf7\u8f6c\u677f\u5f53\u65e5\u520a\u53d1\u7b80\u77ed\u516c\u544a\u516c\u5e03\u8f6c\u677f\u7533\u8bf7<\/li>\n \u987b\u4e8e\u6536\u5230\u8054\u4ea4\u6240\u5c31\u5176\u8f6c\u677f\u7533\u8bf7\u53d1\u51fa\u7684\u6b63\u5f0f\u539f\u5219\u4e0a\u6279\u51c6\u51fd\u4ef6\u540e\u5c3d\u5feb\u520a\u53d1\u8f6c\u677f\u516c\u544a<\/li>\n \u8f6c\u677f\u516c\u544a\u5185\u5bb9\u5305\u62ec\u4f46\u4e0d\u9650\u4e8e\u8f6c\u677f\u4e0a\u5e02\u7684\u539f\u56e0\u53ca\u8054\u4ea4\u6240\u8981\u6c42\u63d0\u4f9b\u7684\u4fe1\u606f<\/li>\n<\/ul>\n<\/td>\n	9B.09<\/td>\n	\u8f6c\u677f\u516c\u544a\u62ab\u9732\u7684\u4e8b\u9879\u8fdc\u8f83\u4ee5\u5f80\u62db\u80a1\u7ae0\u7a0b\u5c11\uff0c\u6709\u52a9\u8282\u7701\u7f16\u7e82\u62db\u80a1\u7ae0\u7a0b\u7684\u65f6\u95f4\u548c\u8d39\u7528<\/td>\n<\/tr>\n
\u5408\u89c4\u7eaa\u5f55<\/strong><\/b><\/td>\n	\n \n \u5fc5\u987b\u5728\u63d0\u51fa\u8f6c\u677f\u7533\u8bf7\u4e4b\u524d 12 \u4e2a\u6708\u4ee5\u53ca\u76f4\u81f3\u5176\u8bc1\u5238\u5728\u4e3b\u677f\u5f00\u59cb\u4e70\u5356\u4e3a\u6b62\uff0c\u672a\u66fe\u88ab\u88c1\u5b9a\u4e25\u91cd\u8fdd\u53cd\u300aGEM\u4e0a\u5e02\u89c4\u5219\u300b\u6216\u300a\u4e3b\u677f\u4e0a\u5e02\u89c4\u5219\u300b\u4efb\u4f55\u6761\u6587<\/li>\n \u5fc5\u987b\u5728(i)\u8f6c\u677f\u7533\u8bf7\u4e4b\u65e5\u53ca(ii) \u5176\u8bc1\u5238\u5728\u4e3b\u677f\u5f00\u59cb\u4e70\u5356\u4e4b\u65e5\uff0c\u4e0d\u66fe\u56e0\u4e25\u91cd\u8fdd\u53cd\u6216\u53ef\u80fd\u4e25\u91cd\u8fdd\u53cd \u300a\u4e0a\u5e02\u89c4\u5219\u300b\u4efb\u4f55\u6761\u6587\u800c\u6210\u4e3a\u4efb\u4f55\u8054\u4ea4\u6240\u7684\u8c03\u67e5\u5bf9\u8c61\uff0c\u6216\u6210\u4e3a\u6309\u300aGEM \u4e0a\u5e02\u89c4\u5219\u300b \u7b2c\u4e09\u7ae0\u6240\u8ff0\u4efb\u4f55\u8fdb\u884c\u4e2d\u7684\u7eaa\u5f8b\u7a0b\u5e8f\u7684\u5bf9\u8c61<\/li>\n<\/ul>\n<\/td>\n	9A.02(3)<\/td>\n	\u7533\u8bf7\u4eba\u9700\u6ce8\u610f\u5408\u89c4\u8981\u6c42<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \u603b\u7ed3<\/strong><\/b><\/p>\n \u65b0\u63a8\u51fa\u7684\u7b80\u5316\u8f6c\u677f\u7a0b\u5e8f\u7b80\u5316\u8f6c\u677f\u7533\u8bf7\u7684\u673a\u5236\u53ca\u6d41\u7a0b\uff0c\u5bf9\u76d8\u6d3b\u5e02\u573a\u53ef\u671b\u5e26\u6765\u6b63\u9762\u6548\u5e94\u3002\u5728\u7b26\u5408\u300a\u4e3b\u677f\u4e0a\u5e02\u89c4\u5219\u300b\u7684\u524d\u63d0\u4e0b\uff0c\u8f6c\u677f\u7533\u8bf7\u4eba\u65e0\u9700\u518d\u5982\u65b0\u4e0a\u5e02\u7533\u8bf7\u4eba\u4e00\u6837\u59d4\u6258\u5e9e\u5927\u7684\u4e2d\u4ecb\u673a\u6784\u56e2\u961f\uff0c\u4ea6\u65e0\u9700\u4e8e\u8f6c\u677f\u516c\u544a\u5185\u4f5c\u51fa\u5982\u62db\u80a1\u7ae0\u7a0b\u822c\u8be6\u5c3d\u7684\u62ab\u9732\uff0c\u6709\u52a9\u8282\u7701\u5927\u91cf\u65f6\u95f4\u53ca\u6210\u672c\u3002\u6709\u610f\u8ba1\u5212\u8fdb\u884c\u8f6c\u677f\u7533\u8bf7\u7684GEM\u53d1\u884c\u4eba\u5e94\u53ca\u65e9\u6ce8\u610f\u5176\u662f\u5426\u7b26\u5408\u300a\u4e3b\u677f\u4e0a\u5e02\u89c4\u5219\u300b\u7684\u8f6c\u677f\u6761\u4ef6\uff0c\u5305\u62ec\u4f46\u4e0d\u9650\u4e8e\u6bcf\u65e5\u6210\u4ea4\u91d1\u989d\u6d4b\u8bd5\u53ca\u6210\u4ea4\u91cf\u52a0\u6743\u5e73\u5747\u5e02\u503c\u6d4b\u8bd5\u7684\u8981\u6c42\uff0c\u5e76\u4e14\u786e\u4fdd\u5176\u5728\u89c4\u5b9a\u65f6\u95f4\u5185\u7ef4\u6301\u5408\u89c4\u7eaa\u5f55\u3002<\/p>\n \u5982\u9601\u4e0b\u6709\u4efb\u4f55\u67e5\u8be2\u6216\u6b32\u4e86\u89e3\u66f4\u591a\u8be6\u60c5\uff0c\u8bf7\u8054\u7edc\u672c\u6240\u5408\u4f19\u4eba\u52b3\u6052\u6643\u5f8b\u5e08(Hank.Lo@sw-hk.com<\/a>)\u6216\u5408\u4f19\u4eba\u90d1\u94b0\u8335\u5f8b\u5e08(Erica.Cheng@sw-hk.com<\/a>)\u3002<\/p>\n <\/p>\n <\/p>\n \u672c\u7b80\u8baf\u4ec5\u4f9b\u53c2\u8003\u3002 \u5176\u5185\u5bb9\u4e0d\u6784\u6210\u4ea6\u4e0d\u5e94\u89c6\u4e3a\u6cd5\u5f8b\u54a8\u8be2\u610f\u89c1\u3002 \u53f2\u8482\u6587\u751f\u9ec4\u5f8b\u5e08\u4e8b\u52a1\u6240\u4e0d\u4f1a\u5c31\u4efb\u4f55\u56e0\u501a\u8d56\u672c\u5904\u6240\u8f7d\u8d44\u6599\u800c\u4f5c\u51fa\u7684\u51b3\u5b9a\u4e36\u91c7\u53d6\u7684\u884c\u52a8\u6216\u4e0d\u91c7\u53d6\u7684\u884c\u52a8\u6240\u5f15\u81f4\u7684\u6216\u4e0e\u4e4b\u6709\u5173\u7684\u4efb\u4f55\u7279\u522b\u4e36\u95f4\u63a5\u6216\u76f8\u5e94\u800c\u751f\u7684\u635f\u5931\u6216\u640d\u5bb3\u5411\u95a3\u4e0b\u627f\u64d4\u6cd5\u5f8b\u8cac\u4efb\u3002<\/strong><\/b><\/p>\n \n <\/p>\n \n \n [1]\u00a0 \u6210\u4ea4\u91cf\u52a0\u6743\u5e73\u5747\u5e02\u503c\u6d4b\u8bd5Volume Weighted Average Market Capitalisation Test: \u6210\u4ea4\u91cf\u52a0\u6743\u5e73\u5747\u5e02\u503c\u7684\u8ba1\u7b97\u65b9\u6cd5\u662f\u5c06\u53c2\u7167\u671f\u5185\u6240\u6709\u4ea4\u6613\u65e5\u7684\u6bcf\u65e5\u5e02\u503c\u4e58\u4ee5\u6bcf\u65e5\u6210\u4ea4\u80a1\u6570\u4e0e\u603b\u6210\u4ea4\u80a1\u6570\u7684\u6bd4\u7387\u7684\u4e58\u79ef\u603b\u548c\uff0c\u60df\u987b\u5c31\u9002\u5f53\u7684\u516c\u53f8\u884c\u52a8\uff08\u5982\u6709\uff09\u4f5c\u8c03\u6574\u3002\u4e0a\u6587\u6240\u8ff0\u7684\u6bcf\u65e5\u5e02\u503c\u662f\u6307\u300aGEM \u4e0a\u5e02\u89c4\u5219\u300b\u7b2c 17.27A(1)\u6761\u6240\u8ff0\u7684\u53d1\u884c\u4eba\u76f8\u5173\u7fcc\u65e5\u62ab\u9732\u62a5\u8868\u6216\u300aGEM \u4e0a\u5e02\u89c4\u5219\u300b\u7b2c 17.27B \u6761\u6240\u8ff0\u7684\u6708\u62a5\u8868\uff08\u4ee5\u8f83\u8fd1\u671f\u8005\u4e3a\u51c6\uff09\u6240\u793a\u7684\u53d1\u884c\u4eba\u5df2\u53d1\u884c\u80a1\u4efd\u603b\u6570\uff0c\u4e58\u4ee5\u4e0a\u5e02\u53d1\u884c\u4eba\u8bc1\u5238\u7684\u65e5\u5185\u6210\u4ea4\u91cf\u52a0\u6743\u5e73\u5747\u4ef7\u683c(VWAP)\u3002\u65e5\u5185VWAP\u7531\u8be5\u4ea4\u6613\u65e5\u7684\u6210\u4ea4\u91d1\u989d\uff08\u6309\u8054\u4ea4\u6240\u65e5\u62a5\u8868\u6240\u8f7d\uff09\u9664\u4ee5\u5f53\u65e5\u7684\u6210\u4ea4\u80a1\u6570\uff08\u6309\u8054\u4ea4\u6240\u65e5\u62a5\u8868\u6240\u8f7d\uff09\u6240\u5f97\u3002(\u8282\u5f55\u81ea\u300a\u5e38\u95ee\u95ee\u9898138-2024\u300b)<\/p>\n<\/div>\n \n [2] \u300a\u4e3b\u677f\u4e0a\u5e02\u89c4\u5219\u300b\u7b2c8.05(2)(d): \u4e3a\u7b26\u5408\u300c\u5e02\u503c\u2571\u6536\u76ca\u2571\u73b0\u91d1\u6d41\u91cf\u6d4b\u8bd5\u300d\uff0c\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u4e0a\u5e02\u65f6\u5e02\u503c\u81f3\u5c11\u4e3a20\u4ebf\u6e2f\u5143\uff1b\u7b2c8.05(3)(d):\u4e3a\u7b26\u5408\u300c\u5e02\u503c\u2571\u6536\u76ca\u6d4b\u8bd5\uff0c\u4e0a\u5e02\u65f6\u5e02\u503c\u81f3\u5c11\u4e3a40\u4ebf\u6e2f\u5143\uff1b\u7b2c8.09(2)\u6761\u65b0\u7533\u8bf7\u4eba\u9884\u671f\u5728\u4e0a\u5e02\u65f6\u7684\u5e02\u503c\u4e0d\u5f97\u4f4e\u4e8e5\u4ebf\u6e2f\u5143\uff0c\u800c\u5728\u8ba1\u7b97\u662f\u5426\u7b26\u5408\u6b64\u9879\u5e02\u503c\u8981\u6c42\u65f6\uff0c\u5c06\u4ee5\u65b0\u7533\u8bf7\u4eba\u4e0a\u5e02\u65f6\u7684\u6240\u6709\u5df2\u53d1\u884c\u80a1\u4efd\uff08\u5305\u62ec\u6b63\u7533\u8bf7\u4e0a\u5e02\u7684\u8bc1\u5238\u7c7b\u522b\u4ee5\u53ca\u5176\u4ed6\uff08\u5982\u6709\uff09\u975e\u4e0a\u5e02\u6216\u5728\u5176\u4ed6\u53d7\u76d1\u7ba1\u5e02\u573a\u4e0a\u5e02\u7684\u8bc1\u5238\u7c7b\u522b\uff09\u4f5c\u8ba1\u7b97\u57fa\u51c6\u3002<\/p>\n<\/div>\n \n [3] \u8bf7\u7559\u610f\uff0c\u6839\u636e\u4e2d\u534e\u4eba\u6c11\u5171\u548c\u56fd\u300a\u5883\u5185\u4f01\u4e1a\u5883\u5916\u53d1\u884c\u8bc1\u5238\u548c\u4e0a\u5e02\u7ba1\u7406\u8bd5\u884c\u529e\u6cd5\u300b\u7b2c22\u6761\uff0c\u5883\u5185\u4f01\u4e1a\u53d1\u884c\u4eba\u5883\u5916\u53d1\u884c\u4e0a\u5e02\u540e\u53d1\u751f\u8f6c\u6362\u4e0a\u5e02\u5730\u4f4d\u6216\u8005\u4e0a\u5e02\u677f\u5757\uff0c\u5e94\u5f53\u81ea\u76f8\u5173\u4e8b\u9879\u53d1\u751f\u5e76\u516c\u544a\u4e4b\u65e5\u8d773\u4e2a\u5de5\u4f5c\u65e5\u5185\u5411\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u62a5\u544a\u5177\u4f53\u60c5\u51b5\u3002<\/p>\n<\/div>\n<\/div>\n <\/p>","protected":false},"excerpt":{"rendered":" \u300a\u4e0a\u5e02\u89c4\u5219\u300b\u7b80\u5316\u8f6c\u677f\u7a0b\u5e8f \u9999\u6e2f\u8054\u5408\u4ea4\u6613\u6240\u6709\u9650\u516c\u53f8\u4e3a\u5b9e\u65bd\u6709\u5173GEM\u4e0a\u5e02\u6539\u9769\u7684\u54a8\u8be2\u603b\u7ed3\u800c\u5bf9\u300aGEM\u4e0a\u5e02\u89c4\u5219\u300b\u53ca\u300a\u4e3b.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[51,39,42],"tags":[98,71,96,97,99,95],"class_list":["post-14970","post","type-post","status-publish","format-standard","hentry","category-corporate-law","category-news","category-news2","tag-erica-cheng","tag-hank-lo","tag-96","tag-97","tag-99","tag-95"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/posts\/14970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/comments?post=14970"}],"version-history":[{"count":19,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/posts\/14970\/revisions"}],"predecessor-version":[{"id":15704,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/posts\/14970\/revisions\/15704"}],"wp:attachment":[{"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/media?parent=14970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/categories?post=14970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/tags?post=14970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}