{"id":30776,"date":"2026-03-09T09:33:00","date_gmt":"2026-03-09T01:33:00","guid":{"rendered":"https:\/\/www.franchise.com.hk\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776"},"modified":"2026-03-09T09:33:00","modified_gmt":"2026-03-09T01:33:00","slug":"%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b","status":"publish","type":"post","link":"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776","title":{"rendered":"\u6771\u82f1\u8cc7\u7ba12025\u5e74\u518d\u5275\u9ad8\u5cf0\uff1a\u5e73\u53f0\u898f\u6a21\u8207\u6a5f\u69cb\u51c6\u5165\u80fd\u529b\u9f4a\u5275\u65b0\u9ad8"},"content":{"rendered":"<p><span class=\"legendSpanClass\">\u9999\u6e2f<\/span><span class=\"legendSpanClass\">2026\u5e743\u67089\u65e5<\/span> \/\u7f8e\u901a\u793e\/ &#8212; \u6771\u82f1\u6295\u8cc7\u7ba1\u7406\u6709\u9650\u516c\u53f8\uff08\u300c\u6771\u82f1\u8cc7\u7ba1\u300d\uff09\u4ee5\u5f37\u52c1\u52e2\u982d\u958b\u555f2025\u5e74\uff0c\u4e26\u65bc\u5e74\u7d42\u5728<span>\u5e73\u53f0<\/span>\u898f\u6a21\u3001\u5e02\u5834\u5730\u4f4d\u53ca\u6a5f\u69cb\u89f8\u9054\u65b9\u9762\u9081\u5165\u5168\u65b0\u968e\u6bb5\u3002\u4f9d\u8a17\u5176\u4f5c\u70ba\u4e9e\u6d32\u9818\u5148\u6a5f\u69cb\u57fa\u91d1<span>\u5e73\u53f0<\/span>\u7684\u5730\u4f4d\uff0c\u6771\u82f1\u8cc7\u7ba1\u4e0d\u50c5\u62d3\u5bec\u4e86\u6295\u8cc7\u7b56\u7565\u7684\u5ee3\u5ea6\uff0c\u66f4\u6df1\u5316\u4e86\u5340\u57df\u4f48\u5c40\u7684\u6df1\u5ea6\uff0c\u9032\u4e00\u6b65\u978f\u56fa\u4e86\u5176\u4f5c\u70ba\u53e6\u985e\u57fa\u91d1\u7d93\u7406\u5728\u4e9e\u6d32\u5c0b\u6c42\u5c08\u696d\u53ca\u6a5f\u69cb\u8cc7\u91d1\u7684\u9996\u9078\u9580\u6236\u5730\u4f4d\u3002<\/p>\n<p><span>\u5e73\u53f0<\/span>\u589e\u9577\u8207\u7b56\u7565\u64f4\u5f35<\/p>\n<p>2025\u5e74\u5168\u5e74\uff0c\u6771\u82f1\u8cc7\u7ba1\u6210\u529f\u63a8\u51fa\u4e86\u8d85\u904e18\u9805\u6295\u8cc7\u7b56\u7565\uff0c\u4e26\u7c3d\u7d04\u4e8617\u4f4d\u65b0\u57fa\u91d1\u7d93\u7406\uff0c\u53cd\u6620\u4e86\u6295\u8cc7\u4eba\u5c0d\u4ee5\u4e9e\u6d32\u70ba\u6838\u5fc3\u7684\u591a\u5143\u5316\u963f\u723e\u6cd5\u4f86\u6e90\u7684\u6301\u7e8c\u9700\u6c42\u3002\u9019\u4e9b\u7b56\u7565\u6db5\u84cb\u5b8f\u89c0\u3001\u91cf\u5316\u53ca\u80a1\u7968\u591a\u7a7a\u7b56\u7565\uff0c\u69cb\u5efa\u4e86\u4e00\u500b\u65e8\u5728\u8de8\u8d8a\u4e0d\u540c\u5e02\u5834\u9031\u671f\u5747\u80fd\u8868\u73fe\u7a69\u5065\u7684\u5747\u8861\u7d44\u5408\u3002<\/p>\n<p>\u9019\u4e00\u64f4\u5f35\u4e26\u975e\u6295\u6a5f\u4e4b\u8209\uff0c\u800c\u662f\u6df1\u601d\u719f\u616e\u7684\u6230\u7565\u4f48\u5c40\u3002\u7b56\u7565\u7504\u9078\u91cd\u9ede\u95dc\u6ce8\u64c1\u6709\u5dee\u7570\u5316\u6d41\u7a0b\u3001\u5177\u5099\u6a5f\u69cb\u5316\u689d\u4ef6\uff0c\u4e14\u80fd\u96a8\u6295\u8cc7\u4eba\u9700\u6c42\u589e\u9577\u800c\u64f4\u5c55\u898f\u6a21\u7684\u57fa\u91d1\u7d93\u7406\u3002\u56e0\u6b64\uff0c\u6771\u82f1\u8cc7\u7ba1\u9032\u4e00\u6b65\u5f37\u5316\u4e86\u5176\u4f5c\u70ba\u6a5f\u69cb\u7d1a\u53e6\u985e\u6295\u8cc7\u300c\u7504\u9078\u8005\u300d\u7684\u8072\u8b7d\uff0c\u800c\u975e\u55ae\u7d14\u7684\u5206\u92b7<span>\u5e73\u53f0<\/span>\u3002<\/p>\n<p><span>\u5185\u5730\u8207\u9999\u6e2f<\/span>\uff1a\u4fe1\u5fc3\u91cd\u5851\u8207\u5be6\u5730\u89f8\u9054<\/p>\n<p>\u7e7c2024\u5e74\u7684\u5f37\u52c1\u5fa9\u8607\u5f8c\uff0c\u4e2d\u570b\u5e02\u5834\u6295\u8cc7\u8005\u4fe1\u5fc3\u57282025\u5e74\u986f\u8457\u56de\u5347\u30022025\u5e74\uff0c\u53d7\u5357\u5411\u300c\u6e2f\u80a1\u901a\u300d\u8cc7\u91d1\u6d41\u5165\u3001\u4eba\u5de5\u667a\u80fd\u76f8\u95dc\u6a02\u89c0\u60c5\u7dd2\u53ca\u5168\u7403\u5229\u7387\u4e0b\u884c\u63a8\u52d5\uff0c\u6052\u751f\u6307\u6578\uff08HSI\uff09\u9304\u5f9727.8%\u7684\u56de\u5831\u7387\uff0c\u5275\u4e0b\u81ea2017\u5e74\u4ee5\u4f86\u7684\u6700\u4f73\u5e74\u5ea6\u8868\u73fe\u4e4b\u4e00\u3002\u4e2d\u570bA\u80a1\u4ea6\u8868\u73fe\u5f37\u52c1\uff0c\u5728\u653f\u7b56\u5bec\u9b06\u53ca\u98a8\u96aa\u504f\u597d\u6539\u5584\u7684\u652f\u6301\u4e0b\uff0c\u6eec\u6df1300\u6307\u6578\uff08CSI 300\uff09\u56de\u5831\u7387\u905417.7%\u3002\u9806\u61c9\u9019\u4e00\u52e2\u982d\uff0c\u6771\u82f1\u8cc7\u7ba1\u65b0\u589e\u4e8610\u9805\u805a\u7126\u4e2d\u570b\u7684\u7b56\u7565\uff0c\u6df1\u5316\u4e86\u5176\u5728\u5883\u5167\u5916\u7684\u8986\u84cb\u7bc4\u570d\uff0c\u4e26\u91cd\u7533\u4e86\u5c0d\u8a72\u5340\u57df\u7684\u9577\u671f\u6295\u5165\u3002<\/p>\n<p>\u5c0d\u65bc\u6b63\u5728\u61c9\u5c0d\u4e2d\u570b\u5e02\u5834\u91cd\u65b0\u958b\u653e\u53ca\u7d50\u69cb\u6027\u8abf\u6574\u7684\u5168\u7403\u6295\u8cc7\u4eba\u800c\u8a00\uff0c\u6771\u82f1\u8cc7\u7ba1\u7684\u672c\u571f\u4f48\u5c40\u53ca\u57fa\u91d1\u7d93\u7406\u7db2\u7d61\u63d0\u4f9b\u4e86\u5dee\u7570\u5316\u7684\u5e02\u5834\u51c6\u5165\uff0c\u76f4\u63a5\u9023\u63a5\u8655\u65bc\u653f\u7b56\u3001\u6d41\u52d5\u6027\u8207\u6a5f\u9047\u4ea4\u532f\u512a\u52e2\u7684\u6295\u8cc7\u5718\u968a\u3002\u9019\u4e00\u5b9a\u4f4d\u4f7f\u6295\u8cc7\u4eba\u80fd\u5920\u5728\u5e02\u5834\u4fe1\u5fc3\u56de\u6b78\u4e4b\u969b\uff0c\u6709\u9078\u64c7\u6027\u4e14\u5be9\u614e\u5730\u53c3\u8207\u5176\u4e2d\u3002<\/p>\n<p>\u97d3\u570b\uff1a\u628a\u63e1\u6b77\u53f2\u6027\u7684\u5e02\u5834\u91cd\u4f30<\/p>\n<p>\u8207\u6b64\u540c\u6642\uff0c\u6771\u82f1\u8cc7\u7ba1\u6b63\u6e96\u5099\u8fce\u4f86\u5176\u7b2c\u4e03\u4f4d\u97d3\u570b\u57fa\u91d1\u7d93\u7406\uff0c\u5145\u5206\u5229\u7528\u97d3\u570b\u80a1\u7968\u5e02\u5834\u5177\u6709\u91cc\u7a0b\u7891\u610f\u7fa9\u7684\u4e00\u5e74\u30022025\u5e74\uff0c\u5728\u516c\u53f8\u6cbb\u7406\u6539\u9769\u3001\u8cc7\u672c\u7d00\u5f8b\u6539\u5584\u53ca\u5168\u7403\u95dc\u6ce8\u5ea6\u56de\u5347\u7684\u63a8\u52d5\u4e0b\uff0c\u97d3\u570b\u7d9c\u5408\u80a1\u50f9\u6307\u6578\uff08KOSPI\uff09\u9304\u5f97+75.6%\u7684\u56de\u5831\uff0c\u5275\u4e0b\u81ea1999\u5e74\u4ee5\u4f86\u7684\u6700\u5f37\u8868\u73fe\u3002<\/p>\n<p>\u96a8\u8457\u570b\u969b\u76ee\u5149\u91cd\u6ce8\u97d3\u570b\uff0c\u6771\u82f1\u8cc7\u7ba1\u7684<span>\u5e73\u53f0<\/span>\u5354\u52a9\u6295\u8cc7\u4eba\u63a5\u89f8\u5230\u90a3\u4e9b\u6700\u6709\u80fd\u529b\u5f9e\u6b64\u6b21\u7d50\u69cb\u6027\u91cd\u4f30\u4e2d\u7372\u76ca\u7684\u672c\u571f\u57fa\u91d1\u7d93\u7406\uff0c\u63d0\u4f9b\u8207\u6539\u9769\u52e2\u982d\u53ca\u9577\u671f\u6a5f\u69cb\u4e3b\u984c\u76f8\u5951\u5408\u7684\u6295\u8cc7\u655e\u53e3\u3002<\/p>\n<p>\u898f\u6a21\u3001\u5132\u5099\u8207\u672a\u4f86\u5c55\u671b<\/p>\n<p><span>\u622a\u81f3\u5e74\u5e95\uff0c\u6771\u82f1\u8cc7\u7ba1\u5e73\u53f0\u4e0a\u904b\u884c\u7684\u7b56\u7565\u5df2\u8d85\u904e50\u9805\uff0c\u5f70\u986f\u4e86\u516c\u53f8\u6301\u7e8c\u7684\u64f4\u5c55\u80fd\u529b\u8207\u904b\u71df\u6df1\u5ea6\u3002\u9019\u4e00\u52e2\u982d\u5ef6\u7e8c\u81f32026\u5e74\uff0c\u5df2\u67093\u9805\u57fa\u91d1\u6210\u529f\u767c\u884c\uff0c\u53e6\u670910\u9805\u7b56\u7565\u8a08\u5283\u65bc\u7b2c\u4e00\u53ca\u7b2c\u4e8c\u5b63\u5ea6\u63a8\u51fa\uff0c\u70ba\u8fd1\u671f\u589e\u9577\u63d0\u4f9b\u4e86\u6e05\u6670\u7684\u53ef\u898b\u5ea6\u3002<\/span><\/p>\n<p>\u8cc7\u672c\u5e02\u5834\u52d5\u529b\u8207\u6a5f\u69cb\u670d\u52d9<\/p>\n<p>\u96a8\u8457\u9999\u6e2f\u9810\u8a08\u5c07\u8fce\u4f86\u7d04150\u5bb6\u65b0\u4e0a\u5e02\u516c\u53f8\uff0c\u9996\u6b21\u516c\u958b\u62db\u80a1\uff08IPO\uff09\u96c6\u8cc7\u984d\u6709\u671b\u9ad8\u90543,500\u5104\u6e2f\u5143\uff0c\u6771\u82f1\u8cc7\u7ba1\u6301\u7e8c\u7c4c\u5099\u65b0\u7b56\u7565\u8207\u5408\u4f5c\u5925\u4f34\u95dc\u4fc2\uff0c\u4ee5\u652f\u63f4\u65b0\u4e00\u4ee3\u5bb6\u65cf\u8fa6\u516c\u5ba4\u53ca\u5c08\u696d\u6295\u8cc7\u4eba\u99d5\u99ad\u6d3b\u8e8d\u7684\u8cc7\u672c\u5e02\u5834\u3002<\/p>\n<p>\u8207\u6b64\u540c\u6642\uff0c\u6771\u82f1\u8cc7\u7ba1\u5c62\u7372\u6b8a\u69ae\u7684\u4e2d<span>\u5f8c\u53f0\u5e73\u53f0<\/span>\u9032\u4e00\u6b65\u64f4\u5c55\u4e86\u5176\u5408\u898f\u53ca\u6295\u8cc7\u8005\u95dc\u4fc2\u670d\u52d9\u80fd\u529b\uff0c\u652f\u63f4\u65b0\u8208\u53ca\u6210\u9577\u578b\u57fa\u91d1\u7d93\u7406\u62d3\u5c55\u570b\u969b\u696d\u52d9\u3002\u9019\u4e00\u7d9c\u5408\u57fa\u790e\u8a2d\u65bd\u59cb\u7d42\u662f\u6771\u82f1\u8cc7\u7ba1\u7684\u95dc\u9375\u5dee\u7570\u5316\u512a\u52e2\uff0c\u4f7f\u57fa\u91d1\u7d93\u7406\u80fd\u5920\u5728\u6eff\u8db3\u65e5\u76ca\u63d0\u9ad8\u7684\u6a5f\u69cb\u6a19\u6e96\u7684\u540c\u6642\uff0c\u5c08\u6ce8\u65bc\u6295\u8cc7\u696d\u7e3e\u3002<\/p>\n<p>\u884c\u696d\u6d1e\u898b\u3001\u5167\u5bb9\u8207\u793e\u5340\u53c3\u8207<\/p>\n<p>2025\u5e74\uff0c\u6771\u82f1\u8cc7\u7ba1\u9032\u4e00\u6b65\u5f37\u5316\u4e86\u5176\u4f5c\u70ba\u4e9e\u6d32\u6a5f\u69cb\u5c0d\u8a71\u300c\u53ec\u96c6\u4eba\u300d\u7684\u89d2\u8272\u3002\u5176\u64ad\u5ba2\u7bc0\u76ee\u300aAlpha Uncovered\u300b\u767c\u4f48\u4e8612\u96c6\u65b0\u5167\u5bb9\uff0c\u9080\u8acb\u6a5f\u69cb\u6295\u8cc7\u8005\u3001\u8cc7\u6df1\u57fa\u91d1\u7d93\u7406\u53ca\u884c\u696d\u5c08\u5bb6\u53c3\u8207\uff0c\u4f7f\u516c\u53f8\u7684\u5167\u5bb9\u5eab\u64f4\u5145\u81f3\u8d85\u904e40\u500b\u8996\u983b\u3002<\/p>\n<p>\u8207\u6b64\u540c\u6642\uff0c\u6771\u82f1\u8cc7\u7ba1\u5728\u5176\u65b0\u8fa6\u516c\u5730\u5740\u8209\u8fa6\u4e8610\u5834\u884c\u696d\u7814\u8a0e\u6703\u8b70\uff0c\u4e26\u53c3\u8207\u4e86\u9999\u6e2f\u3001\u4e0a\u6d77\u53ca\u6df1\u5733\u8d85\u904e40\u6b21\u5408\u4f5c\u4ea4\u6d41\uff0c\u978f\u56fa\u4e86\u5176\u4f5c\u70ba\u4e9e\u6d32\u6295\u8cc7\u4eba\u8207\u57fa\u91d1\u7d93\u7406\u751f\u614b\u7cfb\u7d71\u6838\u5fc3\u7684\u5730\u4f4d\u3002<\/p>\n<p>\u5c55\u671b\u672a\u4f86<\/p>\n<p>\u5c55\u671b2026\u5e74\u9918\u4e0b\u6642\u9593\uff0c\u6771\u82f1\u8cc7\u7ba1\u5c07\u7e7c\u7e8c\u81f4\u529b\u65bc\u64f4\u5c55\u884c\u4e4b\u6709\u6548\u7684\u6a21\u5f0f\uff0c\u6df1\u5316\u8207\u6295\u8cc7\u4eba\u7684\u95dc\u4fc2\uff0c\u4e26\u70ba\u6301\u7e8c\u8dd1\u8d0f\u5e02\u5834\u7684\u57fa\u91d1\u7d93\u7406\u63d0\u4f9b\u652f\u63f4\u3002\u901a\u904e\u7d50\u5408\u6a5f\u69cb\u7d1a\u57fa\u790e\u8a2d\u65bd\u3001\u5340\u57df\u6d1e\u5bdf\u529b\u4ee5\u53ca\u4e0d\u65b7\u64f4\u5927\u7684\u5168\u7403\u7db2\u8def\uff0c\u6771\u82f1\u8cc7\u7ba1\u5df2\u84c4\u52e2\u5f85\u767c\uff0c\u52a9\u529b\u8b5c\u5beb\u4e9e\u6d32\u53e6\u985e\u6295\u8cc7\u7248\u5716\u7684\u65b0\u7bc7\u7ae0\u3002<\/p>\n<p>-\u5b8c-<\/p>\n<p>\u95dc\u65bc\u6771\u82f1\u6295\u8cc7\u7ba1\u7406\u6709\u9650\u516c\u53f8 (\u6771\u82f1\u8cc7\u7ba1)<\/p>\n<p>\u6771\u82f1\u8cc7\u7ba1\u4ee5\u5408\u4f5c\u5925\u4f34\u7684\u8eab\u4efd\u5354\u52a9\u57fa\u91d1\u7d93\u7406\uff0c\u5efa\u7acb\u70ba\u6a5f\u69cb\u548c\u5c08\u696d\u6295\u8cc7\u8005\u958b\u767c\u5275\u65b0\u6027\u7684\u6295\u8cc7\u7b56\u7565\u3002\u6771\u82f1\u8cc7\u7ba1\u7684\u5c0d\u6c96\u57fa\u91d1<span>\u5e73\u53f0<\/span>\uff0c\u6b63\u5438\u5f15\u8457\u4f86\u81ea\u5168\u7403\u7684\u57fa\u91d1\u7d93\u7406\u548c\u6295\u8cc7\u8005\uff0c\u651c\u624b\u696d\u5167\u9802\u7d1a\u5408\u4f5c\u5925\u4f34\u5011\u5171\u5275\u9583\u8000\u672a\u4f86\u3002<\/p>\n<p>\u6771\u82f1\u8cc7\u7ba1\u70ba\u696d\u5167\u9818\u5148\u7684\u8cc7\u7522\u7ba1\u7406\u516c\u53f8\uff0c\u65bc2004\u5728\u9999\u6e2f\u8a3b\u518a\u6210\u7acb\u3002\u6771\u82f1\u8cc7\u7ba1\u6301\u6709\u9999\u6e2f\u8b49\u5238\u53ca\u671f\u8ca8\u4e8b\u52d9\u76e3\u5bdf\u59d4\u54e1\u6703\uff08\u8b49\u76e3\u6703\uff09\u7684\u7b2c1\u985e\uff08\u8b49\u5238\u4ea4\u6613\uff09\u3001\u7b2c4\u985e\uff08\u5c31\u8b49\u5238\u63d0\u4f9b\u610f\u898b\uff09\u4ee5\u53ca\u7b2c9\u985e\uff08\u63d0\u4f9b\u8cc7\u7522\u7ba1\u7406\uff09\u724c\u7167\uff0c\u5f9e\u4e8b\u300a\u8b49\u5238\u53ca\u671f\u8ca8\u689d\u4f8b\u300b\u898f\u5b9a (Cap.571) \u4e0b\u7684\u53d7\u898f\u7ba1\u696d\u52d9\u6d3b\u52d5\u3002\u6771\u82f1\u8cc7\u7ba1\u50c5\u80fd\u5411\u7b26\u5408\u8cc7\u683c\u7684\u5c08\u696d\u6295\u8cc7\u4eba\u63d0\u4f9b\u670d\u52d9\u3002\u6771\u82f1\u8cc7\u7ba1\u540c\u6642\u70ba\u9999\u6e2f\u6771\u82f1\u91d1\u878d\u96c6\u5718\u6210\u54e1\u3002<\/p>\n<p>\u514d\u8cac\u8072\u660e<\/p>\n<p>\u672c\u6587\u4ef6\u7531\u6771\u82f1\u6295\u8cc7\u7ba1\u7406\u6709\u9650\u516c\u53f8\uff08\u300c\u6771\u82f1\u8cc7\u7ba1\u300d\uff09\u7de8\u5236\u3002\u672c\u6587\u4ef6\u53ca\u6771\u82f1\u8cc7\u7ba1\u7db2\u7ad9\uff08<a href=\"https:\/\/www.opim.com.hk\/\" target=\"_blank\" rel=\"noopener\">www.opim.com.hk<\/a>\uff09\u4e26\u672a\u7d93\u9999\u6e2f\u8b49\u52b5\u53ca\u671f\u8ca8\u4ea4\u6613\u76e3\u5bdf\u59d4\u54e1\u6703\u5be9\u95b1\u3002\u672c\u6a94\u50c5\u63d0\u4f9b\u8cc7\u8a0a\u4ee5\u4f9b\u53c3\u8003\uff0c\u4e26\u4e0d\u69cb\u6210\u4efb\u4f55\u8b49\u5238\u3001\u671f\u8ca8\u3001\u671f\u6b0a\u6216\u5176\u4ed6\u91d1\u878d\u5de5\u5177\u7684\u8981\u7d04\u3001\u8981\u7d04\u7684\u5fb5\u6c42\u6216\u6295\u8cc7\u5efa\u8b70\u7684\u63a8\u85a6\u3002\u6295\u8cc7\u6d89\u53ca\u98a8\u96aa\u3002\u672c\u6587\u4ef6\u4e2d\u7684\u4efb\u4f55\u5546\u6a19\u3001\u6a19\u8a8c\u548c\u76f8\u95dc\u77e5\u8b58\u7522\u6b0a\u5747\u70ba\u6771\u82f1\u8cc7\u7ba1\u6216\u5176\u4ed6\u5354\u529b\u5ee0\u5546\u6240\u6709\u3002\u904e\u5f80\u8868\u73fe\u53ca\u5c0d\u7d93\u6fdf\u3001\u8b49\u5238\u5e02\u5834\u6216\u5e02\u5834\u7d93\u6fdf\u8d70\u52e2\u7684\u9810\u6e2c\u3001\u63a8\u65b7\u6216\u9810\u5831\uff0c\u4e26\u4e0d\u4ee3\u8868\u6771\u82f1\u8cc7\u7ba1\u6240\u7ba1\u7406\u6216\u5efa\u8b70\u7684\u57fa\u91d1\u6216\u8cec\u6236\u7684\u672a\u4f86\u6216\u53ef\u80fd\u7684\u8868\u73fe\u3002\u96d6\u7136\u6771\u82f1\u8cc7\u7ba1\u76f8\u4fe1\u672c\u6587\u4ef6\u7684\u8cc7\u6599\u5728\u520a\u767c\u6642\u662f\u53ef\u9760\u7684\uff0c\u4f46\u6771\u82f1\u8cc7\u7ba1\u4e0d\u5c31\u5176\u6e96\u78ba\u6027\u6216\u5b8c\u6574\u6027\u4f5c\u51fa\u4fdd\u8b49\uff0c\u4e26\u4e14\u4e0d\u6703\u70ba\u4efb\u4f55\u4e8b\u5be6\u6216\u610f\u898b\u7684\u8aa4\u5dee\u8ca0\u8cac\uff0c\u6216\u70ba\u4efb\u4f55\u4eba\u56e0\u4f9d\u8cf4\u6b64\u7b49\u8cc7\u6599\u800c\u62db\u81f4\u7684\u640d\u5931\u627f\u64d4\u8cac\u4efb\u3002\u672c\u6a94\u6240\u8f09\u7684\u4efb\u4f55\u610f\u898b\u6216\u4f30\u7b97\u8cc7\u6599\u53ef\u80fd\u6703\u4f5c\u51fa\u8b8a\u66f4\uff0c\u4e26\u4e0d\u6703\u4e8b\u524d\u901a\u544a\u3002\u672a\u7d93\u6771\u82f1\u8cc7\u7ba1\u4e8b\u5148\u7684\u66f8\u9762\u540c\u610f\uff0c\u4e0d\u5f97\u520a\u767c\uff0c\u50b3\u95b1\uff0c\u8907\u88fd\u6216\u5206\u6d3e\u672c\u6a94\u7684\u5168\u90e8\u6216\u4efb\u4f55\u90e8\u4efd\u3002<\/p>","protected":false},"excerpt":{"rendered":"<p>\u9999\u6e2f2026\u5e743\u67089\u65e5 \/\u7f8e\u901a\u793e\/ &#8212; \u6771\u82f1\u6295\u8cc7\u7ba1\u7406\u6709\u9650\u516c\u53f8\uff08\u300c\u6771\u82f1\u8cc7\u7ba1\u300d\uff09\u4ee5\u5f37\u52c1\u52e2\u982d\u958b\u555f2025\u5e74\uff0c\u4e26\u65bc\u5e74\u7d42\u5728\u5e73\u53f0\u898f\u6a21\u3001\u5e02\u5834\u5730\u4f4d\u53ca\u6a5f\u69cb\u89f8\u9054\u65b9\u9762\u9081\u5165\u5168\u65b0\u968e\u6bb5\u3002\u4f9d\u8a17\u5176\u4f5c\u70ba\u4e9e\u6d32\u9818\u5148\u6a5f\u69cb\u57fa\u91d1\u5e73\u53f0\u7684\u5730\u4f4d\uff0c\u6771\u82f1\u8cc7\u7ba1\u4e0d\u50c5\u62d3\u5bec\u4e86\u6295\u8cc7\u7b56\u7565\u7684\u5ee3\u5ea6\uff0c\u66f4\u6df1\u5316\u4e86\u5340\u57df\u4f48\u5c40\u7684\u6df1\u5ea6\uff0c\u9032\u4e00\u6b65\u978f\u56fa\u4e86\u5176\u4f5c\u70ba\u53e6\u985e\u57fa\u91d1\u7d93\u7406\u5728\u4e9e\u6d32\u5c0b\u6c42\u5c08\u696d\u53ca\u6a5f\u69cb\u8cc7\u91d1\u7684\u9996\u9078\u9580\u6236\u5730\u4f4d\u3002 \u5e73\u53f0\u589e\u9577\u8207\u7b56\u7565\u64f4\u5f35 2025\u5e74\u5168\u5e74\uff0c\u6771\u82f1\u8cc7\u7ba1\u6210\u529f\u63a8\u51fa\u4e86\u8d85\u904e18\u9805\u6295\u8cc7\u7b56\u7565\uff0c\u4e26\u7c3d\u7d04\u4e8617\u4f4d\u65b0\u57fa\u91d1\u7d93\u7406\uff0c\u53cd\u6620\u4e86\u6295\u8cc7\u4eba\u5c0d\u4ee5\u4e9e\u6d32\u70ba\u6838\u5fc3\u7684\u591a\u5143\u5316\u963f\u723e\u6cd5\u4f86\u6e90\u7684\u6301\u7e8c\u9700\u6c42\u3002\u9019\u4e9b\u7b56\u7565\u6db5\u84cb\u5b8f\u89c0\u3001\u91cf\u5316\u53ca\u80a1\u7968\u591a\u7a7a\u7b56\u7565\uff0c\u69cb\u5efa\u4e86\u4e00\u500b\u65e8\u5728\u8de8\u8d8a\u4e0d\u540c\u5e02\u5834\u9031\u671f\u5747\u80fd\u8868\u73fe\u7a69\u5065\u7684\u5747\u8861\u7d44\u5408\u3002 \u9019\u4e00\u64f4\u5f35\u4e26\u975e\u6295\u6a5f\u4e4b\u8209\uff0c\u800c\u662f\u6df1\u601d\u719f\u616e\u7684\u6230\u7565\u4f48\u5c40\u3002\u7b56\u7565\u7504\u9078\u91cd\u9ede\u95dc\u6ce8\u64c1\u6709\u5dee\u7570\u5316\u6d41\u7a0b\u3001\u5177\u5099\u6a5f\u69cb\u5316\u689d\u4ef6\uff0c\u4e14\u80fd\u96a8\u6295\u8cc7\u4eba\u9700\u6c42\u589e\u9577\u800c\u64f4\u5c55\u898f\u6a21\u7684\u57fa\u91d1\u7d93\u7406\u3002\u56e0\u6b64\uff0c\u6771\u82f1\u8cc7\u7ba1\u9032\u4e00\u6b65\u5f37\u5316\u4e86\u5176\u4f5c\u70ba\u6a5f\u69cb\u7d1a\u53e6\u985e\u6295\u8cc7\u300c\u7504\u9078\u8005\u300d\u7684\u8072\u8b7d\uff0c\u800c\u975e\u55ae\u7d14\u7684\u5206\u92b7\u5e73\u53f0\u3002 \u5185\u5730\u8207\u9999\u6e2f\uff1a\u4fe1\u5fc3\u91cd\u5851\u8207\u5be6\u5730\u89f8\u9054 \u7e7c2024\u5e74\u7684\u5f37\u52c1\u5fa9\u8607\u5f8c\uff0c\u4e2d\u570b\u5e02\u5834\u6295\u8cc7\u8005\u4fe1\u5fc3\u57282025\u5e74\u986f\u8457\u56de\u5347\u30022025\u5e74\uff0c\u53d7\u5357\u5411\u300c\u6e2f\u80a1\u901a\u300d\u8cc7\u91d1\u6d41\u5165\u3001\u4eba\u5de5\u667a\u80fd\u76f8\u95dc\u6a02\u89c0\u60c5\u7dd2\u53ca\u5168\u7403\u5229\u7387\u4e0b\u884c\u63a8\u52d5\uff0c\u6052\u751f\u6307\u6578\uff08HSI\uff09\u9304\u5f9727.8%\u7684\u56de\u5831\u7387\uff0c\u5275\u4e0b\u81ea2017\u5e74\u4ee5\u4f86\u7684\u6700\u4f73\u5e74\u5ea6\u8868\u73fe\u4e4b\u4e00\u3002\u4e2d\u570bA\u80a1\u4ea6\u8868\u73fe\u5f37\u52c1\uff0c\u5728\u653f\u7b56\u5bec\u9b06\u53ca\u98a8\u96aa\u504f\u597d\u6539\u5584\u7684\u652f\u6301\u4e0b\uff0c\u6eec\u6df1300\u6307\u6578\uff08CSI 300\uff09\u56de\u5831\u7387\u905417.7%\u3002\u9806\u61c9\u9019\u4e00\u52e2\u982d\uff0c\u6771\u82f1\u8cc7\u7ba1\u65b0\u589e\u4e8610\u9805\u805a\u7126\u4e2d\u570b\u7684\u7b56\u7565\uff0c\u6df1\u5316\u4e86\u5176\u5728\u5883\u5167\u5916\u7684\u8986\u84cb\u7bc4\u570d\uff0c\u4e26\u91cd\u7533\u4e86\u5c0d\u8a72\u5340\u57df\u7684\u9577\u671f\u6295\u5165\u3002 \u5c0d\u65bc\u6b63\u5728\u61c9\u5c0d\u4e2d\u570b\u5e02\u5834\u91cd\u65b0\u958b\u653e\u53ca\u7d50\u69cb\u6027\u8abf\u6574\u7684\u5168\u7403\u6295\u8cc7\u4eba\u800c\u8a00\uff0c\u6771\u82f1\u8cc7\u7ba1\u7684\u672c\u571f\u4f48\u5c40\u53ca\u57fa\u91d1\u7d93\u7406\u7db2\u7d61\u63d0\u4f9b\u4e86\u5dee\u7570\u5316\u7684\u5e02\u5834\u51c6\u5165\uff0c\u76f4\u63a5\u9023\u63a5\u8655\u65bc\u653f\u7b56\u3001\u6d41\u52d5\u6027\u8207\u6a5f\u9047\u4ea4\u532f\u512a\u52e2\u7684\u6295\u8cc7\u5718\u968a\u3002\u9019\u4e00\u5b9a\u4f4d\u4f7f\u6295\u8cc7\u4eba\u80fd\u5920\u5728\u5e02\u5834\u4fe1\u5fc3\u56de\u6b78\u4e4b\u969b\uff0c\u6709\u9078\u64c7\u6027\u4e14\u5be9\u614e\u5730\u53c3\u8207\u5176\u4e2d\u3002 \u97d3\u570b\uff1a\u628a\u63e1\u6b77\u53f2\u6027\u7684\u5e02\u5834\u91cd\u4f30 \u8207\u6b64\u540c\u6642\uff0c\u6771\u82f1\u8cc7\u7ba1\u6b63\u6e96\u5099\u8fce\u4f86\u5176\u7b2c\u4e03\u4f4d\u97d3\u570b\u57fa\u91d1\u7d93\u7406\uff0c\u5145\u5206\u5229\u7528\u97d3\u570b\u80a1\u7968\u5e02\u5834\u5177\u6709\u91cc\u7a0b\u7891\u610f\u7fa9\u7684\u4e00\u5e74\u30022025\u5e74\uff0c\u5728\u516c\u53f8\u6cbb\u7406\u6539\u9769\u3001\u8cc7\u672c\u7d00\u5f8b\u6539\u5584\u53ca\u5168\u7403\u95dc\u6ce8\u5ea6\u56de\u5347\u7684\u63a8\u52d5\u4e0b\uff0c\u97d3\u570b\u7d9c\u5408\u80a1\u50f9\u6307\u6578\uff08KOSPI\uff09\u9304\u5f97+75.6%\u7684\u56de\u5831\uff0c\u5275\u4e0b\u81ea1999\u5e74\u4ee5\u4f86\u7684\u6700\u5f37\u8868\u73fe\u3002 \u96a8\u8457\u570b\u969b\u76ee\u5149\u91cd\u6ce8\u97d3\u570b\uff0c\u6771\u82f1\u8cc7\u7ba1\u7684\u5e73\u53f0\u5354\u52a9\u6295\u8cc7\u4eba\u63a5\u89f8\u5230\u90a3\u4e9b\u6700\u6709\u80fd\u529b\u5f9e\u6b64\u6b21\u7d50\u69cb\u6027\u91cd\u4f30\u4e2d\u7372\u76ca\u7684\u672c\u571f\u57fa\u91d1\u7d93\u7406\uff0c\u63d0\u4f9b\u8207\u6539\u9769\u52e2\u982d\u53ca\u9577\u671f\u6a5f\u69cb\u4e3b\u984c\u76f8\u5951\u5408\u7684\u6295\u8cc7\u655e\u53e3\u3002 \u898f\u6a21\u3001\u5132\u5099\u8207\u672a\u4f86\u5c55\u671b \u622a\u81f3\u5e74\u5e95\uff0c\u6771\u82f1\u8cc7\u7ba1\u5e73\u53f0\u4e0a\u904b\u884c\u7684\u7b56\u7565\u5df2\u8d85\u904e50\u9805\uff0c\u5f70\u986f\u4e86\u516c\u53f8\u6301\u7e8c\u7684\u64f4\u5c55\u80fd\u529b\u8207\u904b\u71df\u6df1\u5ea6\u3002\u9019\u4e00\u52e2\u982d\u5ef6\u7e8c\u81f32026\u5e74\uff0c\u5df2\u67093\u9805\u57fa\u91d1\u6210\u529f\u767c\u884c\uff0c\u53e6\u670910\u9805\u7b56\u7565\u8a08\u5283\u65bc\u7b2c\u4e00\u53ca\u7b2c\u4e8c\u5b63\u5ea6\u63a8\u51fa\uff0c\u70ba\u8fd1\u671f\u589e\u9577\u63d0\u4f9b\u4e86\u6e05\u6670\u7684\u53ef\u898b\u5ea6\u3002 \u8cc7\u672c\u5e02\u5834\u52d5\u529b\u8207\u6a5f\u69cb\u670d\u52d9 \u96a8\u8457\u9999\u6e2f\u9810\u8a08\u5c07\u8fce\u4f86\u7d04150\u5bb6\u65b0\u4e0a\u5e02\u516c\u53f8\uff0c\u9996\u6b21\u516c\u958b\u62db\u80a1\uff08IPO\uff09\u96c6\u8cc7\u984d\u6709\u671b\u9ad8\u90543,500\u5104\u6e2f\u5143\uff0c\u6771\u82f1\u8cc7\u7ba1\u6301\u7e8c\u7c4c\u5099\u65b0\u7b56\u7565\u8207\u5408\u4f5c\u5925\u4f34\u95dc\u4fc2\uff0c\u4ee5\u652f\u63f4\u65b0\u4e00\u4ee3\u5bb6\u65cf\u8fa6\u516c\u5ba4\u53ca\u5c08\u696d\u6295\u8cc7\u4eba\u99d5\u99ad\u6d3b\u8e8d\u7684\u8cc7\u672c\u5e02\u5834\u3002 \u8207\u6b64\u540c\u6642\uff0c\u6771\u82f1\u8cc7\u7ba1\u5c62\u7372\u6b8a\u69ae\u7684\u4e2d\u5f8c\u53f0\u5e73\u53f0\u9032\u4e00\u6b65\u64f4\u5c55\u4e86\u5176\u5408\u898f\u53ca\u6295\u8cc7\u8005\u95dc\u4fc2\u670d\u52d9\u80fd\u529b\uff0c\u652f\u63f4\u65b0\u8208\u53ca\u6210\u9577\u578b\u57fa\u91d1\u7d93\u7406\u62d3\u5c55\u570b\u969b\u696d\u52d9\u3002\u9019\u4e00\u7d9c\u5408\u57fa\u790e\u8a2d\u65bd\u59cb\u7d42\u662f\u6771\u82f1\u8cc7\u7ba1\u7684\u95dc\u9375\u5dee\u7570\u5316\u512a\u52e2\uff0c\u4f7f\u57fa\u91d1\u7d93\u7406\u80fd\u5920\u5728\u6eff\u8db3\u65e5\u76ca\u63d0\u9ad8\u7684\u6a5f\u69cb\u6a19\u6e96\u7684\u540c\u6642\uff0c\u5c08\u6ce8\u65bc\u6295\u8cc7\u696d\u7e3e\u3002 \u884c\u696d\u6d1e\u898b\u3001\u5167\u5bb9\u8207\u793e\u5340\u53c3\u8207 2025\u5e74\uff0c\u6771\u82f1\u8cc7\u7ba1\u9032\u4e00\u6b65\u5f37\u5316\u4e86\u5176\u4f5c\u70ba\u4e9e\u6d32\u6a5f\u69cb\u5c0d\u8a71\u300c\u53ec\u96c6\u4eba\u300d\u7684\u89d2\u8272\u3002\u5176\u64ad\u5ba2\u7bc0\u76ee\u300aAlpha Uncovered\u300b\u767c\u4f48\u4e8612\u96c6\u65b0\u5167\u5bb9\uff0c\u9080\u8acb\u6a5f\u69cb\u6295\u8cc7\u8005\u3001\u8cc7\u6df1\u57fa\u91d1\u7d93\u7406\u53ca\u884c\u696d\u5c08\u5bb6\u53c3\u8207\uff0c\u4f7f\u516c\u53f8\u7684\u5167\u5bb9\u5eab\u64f4\u5145\u81f3\u8d85\u904e40\u500b\u8996\u983b\u3002 \u8207\u6b64\u540c\u6642\uff0c\u6771\u82f1\u8cc7\u7ba1\u5728\u5176\u65b0\u8fa6\u516c\u5730\u5740\u8209\u8fa6\u4e8610\u5834\u884c\u696d\u7814\u8a0e\u6703\u8b70\uff0c\u4e26\u53c3\u8207\u4e86\u9999\u6e2f\u3001\u4e0a\u6d77\u53ca\u6df1\u5733\u8d85\u904e40\u6b21\u5408\u4f5c\u4ea4\u6d41\uff0c\u978f\u56fa\u4e86\u5176\u4f5c\u70ba\u4e9e\u6d32\u6295\u8cc7\u4eba\u8207\u57fa\u91d1\u7d93\u7406\u751f\u614b\u7cfb\u7d71\u6838\u5fc3\u7684\u5730\u4f4d\u3002 \u5c55\u671b\u672a\u4f86 \u5c55\u671b2026\u5e74\u9918\u4e0b\u6642\u9593\uff0c\u6771\u82f1\u8cc7\u7ba1\u5c07\u7e7c\u7e8c\u81f4\u529b\u65bc\u64f4\u5c55\u884c\u4e4b\u6709\u6548\u7684\u6a21\u5f0f\uff0c\u6df1\u5316\u8207\u6295\u8cc7\u4eba\u7684\u95dc\u4fc2\uff0c\u4e26\u70ba\u6301\u7e8c\u8dd1\u8d0f\u5e02\u5834\u7684\u57fa\u91d1\u7d93\u7406\u63d0\u4f9b\u652f\u63f4\u3002\u901a\u904e\u7d50\u5408\u6a5f\u69cb\u7d1a\u57fa\u790e\u8a2d\u65bd\u3001\u5340\u57df\u6d1e\u5bdf\u529b\u4ee5\u53ca\u4e0d\u65b7\u64f4\u5927\u7684\u5168\u7403\u7db2\u8def\uff0c\u6771\u82f1\u8cc7\u7ba1\u5df2\u84c4\u52e2\u5f85\u767c\uff0c\u52a9\u529b\u8b5c\u5beb\u4e9e\u6d32\u53e6\u985e\u6295\u8cc7\u7248\u5716\u7684\u65b0\u7bc7\u7ae0\u3002 -\u5b8c- \u95dc\u65bc\u6771\u82f1\u6295\u8cc7\u7ba1\u7406\u6709\u9650\u516c\u53f8 (\u6771\u82f1\u8cc7\u7ba1) \u6771\u82f1\u8cc7\u7ba1\u4ee5\u5408\u4f5c\u5925\u4f34\u7684\u8eab\u4efd\u5354\u52a9\u57fa\u91d1\u7d93\u7406\uff0c\u5efa\u7acb\u70ba\u6a5f\u69cb\u548c\u5c08\u696d\u6295\u8cc7\u8005\u958b\u767c\u5275\u65b0\u6027\u7684\u6295\u8cc7\u7b56\u7565\u3002\u6771\u82f1\u8cc7\u7ba1\u7684\u5c0d\u6c96\u57fa\u91d1\u5e73\u53f0\uff0c\u6b63\u5438\u5f15\u8457\u4f86\u81ea\u5168\u7403\u7684\u57fa\u91d1\u7d93\u7406\u548c\u6295\u8cc7\u8005\uff0c\u651c\u624b\u696d\u5167\u9802\u7d1a\u5408\u4f5c\u5925\u4f34\u5011\u5171\u5275\u9583\u8000\u672a\u4f86\u3002 \u6771\u82f1\u8cc7\u7ba1\u70ba\u696d\u5167\u9818\u5148\u7684\u8cc7\u7522\u7ba1\u7406\u516c\u53f8\uff0c\u65bc2004\u5728\u9999\u6e2f\u8a3b\u518a\u6210\u7acb\u3002\u6771\u82f1\u8cc7\u7ba1\u6301\u6709\u9999\u6e2f\u8b49\u5238\u53ca\u671f\u8ca8\u4e8b\u52d9\u76e3\u5bdf\u59d4\u54e1\u6703\uff08\u8b49\u76e3\u6703\uff09\u7684\u7b2c1\u985e\uff08\u8b49\u5238\u4ea4\u6613\uff09\u3001\u7b2c4\u985e\uff08\u5c31\u8b49\u5238\u63d0\u4f9b\u610f\u898b\uff09\u4ee5\u53ca\u7b2c9\u985e\uff08\u63d0\u4f9b\u8cc7\u7522\u7ba1\u7406\uff09\u724c\u7167\uff0c\u5f9e\u4e8b\u300a\u8b49\u5238\u53ca\u671f\u8ca8\u689d\u4f8b\u300b\u898f\u5b9a (Cap.571) \u4e0b\u7684\u53d7\u898f\u7ba1\u696d\u52d9\u6d3b\u52d5\u3002\u6771\u82f1\u8cc7\u7ba1\u50c5\u80fd\u5411\u7b26\u5408\u8cc7\u683c\u7684\u5c08\u696d\u6295\u8cc7\u4eba\u63d0\u4f9b\u670d\u52d9\u3002\u6771\u82f1\u8cc7\u7ba1\u540c\u6642\u70ba\u9999\u6e2f\u6771\u82f1\u91d1\u878d\u96c6\u5718\u6210\u54e1\u3002 \u514d\u8cac\u8072\u660e \u672c\u6587\u4ef6\u7531\u6771\u82f1\u6295\u8cc7\u7ba1\u7406\u6709\u9650\u516c\u53f8\uff08\u300c\u6771\u82f1\u8cc7\u7ba1\u300d\uff09\u7de8\u5236\u3002\u672c\u6587\u4ef6\u53ca\u6771\u82f1\u8cc7\u7ba1\u7db2\u7ad9\uff08www.opim.com.hk\uff09\u4e26\u672a\u7d93\u9999\u6e2f\u8b49\u52b5\u53ca\u671f\u8ca8\u4ea4\u6613\u76e3\u5bdf\u59d4\u54e1\u6703\u5be9\u95b1\u3002\u672c\u6a94\u50c5\u63d0\u4f9b\u8cc7\u8a0a\u4ee5\u4f9b\u53c3\u8003\uff0c\u4e26\u4e0d\u69cb\u6210\u4efb\u4f55\u8b49\u5238\u3001\u671f\u8ca8\u3001\u671f\u6b0a\u6216\u5176\u4ed6\u91d1\u878d\u5de5\u5177\u7684\u8981\u7d04\u3001\u8981\u7d04\u7684\u5fb5\u6c42\u6216\u6295\u8cc7\u5efa\u8b70\u7684\u63a8\u85a6\u3002\u6295\u8cc7\u6d89\u53ca\u98a8\u96aa\u3002\u672c\u6587\u4ef6\u4e2d\u7684\u4efb\u4f55\u5546\u6a19\u3001\u6a19\u8a8c\u548c\u76f8\u95dc\u77e5\u8b58\u7522\u6b0a\u5747\u70ba\u6771\u82f1\u8cc7\u7ba1\u6216\u5176\u4ed6\u5354\u529b\u5ee0\u5546\u6240\u6709\u3002\u904e\u5f80\u8868\u73fe\u53ca\u5c0d\u7d93\u6fdf\u3001\u8b49\u5238\u5e02\u5834\u6216\u5e02\u5834\u7d93\u6fdf\u8d70\u52e2\u7684\u9810\u6e2c\u3001\u63a8\u65b7\u6216\u9810\u5831\uff0c\u4e26\u4e0d\u4ee3\u8868\u6771\u82f1\u8cc7\u7ba1\u6240\u7ba1\u7406\u6216\u5efa\u8b70\u7684\u57fa\u91d1\u6216\u8cec\u6236\u7684\u672a\u4f86\u6216\u53ef\u80fd\u7684\u8868\u73fe\u3002\u96d6\u7136\u6771\u82f1\u8cc7\u7ba1\u76f8\u4fe1\u672c\u6587\u4ef6\u7684\u8cc7\u6599\u5728\u520a\u767c\u6642\u662f\u53ef\u9760\u7684\uff0c\u4f46\u6771\u82f1\u8cc7\u7ba1\u4e0d\u5c31\u5176\u6e96\u78ba\u6027\u6216\u5b8c\u6574\u6027\u4f5c\u51fa\u4fdd\u8b49\uff0c\u4e26\u4e14\u4e0d\u6703\u70ba\u4efb\u4f55\u4e8b\u5be6\u6216\u610f\u898b\u7684\u8aa4\u5dee\u8ca0\u8cac\uff0c\u6216\u70ba\u4efb\u4f55\u4eba\u56e0\u4f9d\u8cf4\u6b64\u7b49\u8cc7\u6599\u800c\u62db\u81f4\u7684\u640d\u5931\u627f\u64d4\u8cac\u4efb\u3002\u672c\u6a94\u6240\u8f09\u7684\u4efb\u4f55\u610f\u898b\u6216\u4f30\u7b97\u8cc7\u6599\u53ef\u80fd\u6703\u4f5c\u51fa\u8b8a\u66f4\uff0c\u4e26\u4e0d\u6703\u4e8b\u524d\u901a\u544a\u3002\u672a\u7d93\u6771\u82f1\u8cc7\u7ba1\u4e8b\u5148\u7684\u66f8\u9762\u540c\u610f\uff0c\u4e0d\u5f97\u520a\u767c\uff0c\u50b3\u95b1\uff0c\u8907\u88fd\u6216\u5206\u6d3e\u672c\u6a94\u7684\u5168\u90e8\u6216\u4efb\u4f55\u90e8\u4efd\u3002<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_generate-full-width-content":"","spay_email":"","footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u6771\u82f1\u8cc7\u7ba12025\u5e74\u518d\u5275\u9ad8\u5cf0\uff1a\u5e73\u53f0\u898f\u6a21\u8207\u6a5f\u69cb\u51c6\u5165\u80fd\u529b\u9f4a\u5275\u65b0\u9ad8 - \u9999\u6e2f\u7279\u8a31\u7d93\u71df<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u6771\u82f1\u8cc7\u7ba12025\u5e74\u518d\u5275\u9ad8\u5cf0\uff1a\u5e73\u53f0\u898f\u6a21\u8207\u6a5f\u69cb\u51c6\u5165\u80fd\u529b\u9f4a\u5275\u65b0\u9ad8 - \u9999\u6e2f\u7279\u8a31\u7d93\u71df\" \/>\n<meta property=\"og:description\" content=\"\u9999\u6e2f2026\u5e743\u67089\u65e5 \/\u7f8e\u901a\u793e\/ &#8212; \u6771\u82f1\u6295\u8cc7\u7ba1\u7406\u6709\u9650\u516c\u53f8\uff08\u300c\u6771\u82f1\u8cc7\u7ba1\u300d\uff09\u4ee5\u5f37\u52c1\u52e2\u982d\u958b\u555f2025\u5e74\uff0c\u4e26\u65bc\u5e74\u7d42\u5728\u5e73\u53f0\u898f\u6a21\u3001\u5e02\u5834\u5730\u4f4d\u53ca\u6a5f\u69cb\u89f8\u9054\u65b9\u9762\u9081\u5165\u5168\u65b0\u968e\u6bb5\u3002\u4f9d\u8a17\u5176\u4f5c\u70ba\u4e9e\u6d32\u9818\u5148\u6a5f\u69cb\u57fa\u91d1\u5e73\u53f0\u7684\u5730\u4f4d\uff0c\u6771\u82f1\u8cc7\u7ba1\u4e0d\u50c5\u62d3\u5bec\u4e86\u6295\u8cc7\u7b56\u7565\u7684\u5ee3\u5ea6\uff0c\u66f4\u6df1\u5316\u4e86\u5340\u57df\u4f48\u5c40\u7684\u6df1\u5ea6\uff0c\u9032\u4e00\u6b65\u978f\u56fa\u4e86\u5176\u4f5c\u70ba\u53e6\u985e\u57fa\u91d1\u7d93\u7406\u5728\u4e9e\u6d32\u5c0b\u6c42\u5c08\u696d\u53ca\u6a5f\u69cb\u8cc7\u91d1\u7684\u9996\u9078\u9580\u6236\u5730\u4f4d\u3002 \u5e73\u53f0\u589e\u9577\u8207\u7b56\u7565\u64f4\u5f35 2025\u5e74\u5168\u5e74\uff0c\u6771\u82f1\u8cc7\u7ba1\u6210\u529f\u63a8\u51fa\u4e86\u8d85\u904e18\u9805\u6295\u8cc7\u7b56\u7565\uff0c\u4e26\u7c3d\u7d04\u4e8617\u4f4d\u65b0\u57fa\u91d1\u7d93\u7406\uff0c\u53cd\u6620\u4e86\u6295\u8cc7\u4eba\u5c0d\u4ee5\u4e9e\u6d32\u70ba\u6838\u5fc3\u7684\u591a\u5143\u5316\u963f\u723e\u6cd5\u4f86\u6e90\u7684\u6301\u7e8c\u9700\u6c42\u3002\u9019\u4e9b\u7b56\u7565\u6db5\u84cb\u5b8f\u89c0\u3001\u91cf\u5316\u53ca\u80a1\u7968\u591a\u7a7a\u7b56\u7565\uff0c\u69cb\u5efa\u4e86\u4e00\u500b\u65e8\u5728\u8de8\u8d8a\u4e0d\u540c\u5e02\u5834\u9031\u671f\u5747\u80fd\u8868\u73fe\u7a69\u5065\u7684\u5747\u8861\u7d44\u5408\u3002 \u9019\u4e00\u64f4\u5f35\u4e26\u975e\u6295\u6a5f\u4e4b\u8209\uff0c\u800c\u662f\u6df1\u601d\u719f\u616e\u7684\u6230\u7565\u4f48\u5c40\u3002\u7b56\u7565\u7504\u9078\u91cd\u9ede\u95dc\u6ce8\u64c1\u6709\u5dee\u7570\u5316\u6d41\u7a0b\u3001\u5177\u5099\u6a5f\u69cb\u5316\u689d\u4ef6\uff0c\u4e14\u80fd\u96a8\u6295\u8cc7\u4eba\u9700\u6c42\u589e\u9577\u800c\u64f4\u5c55\u898f\u6a21\u7684\u57fa\u91d1\u7d93\u7406\u3002\u56e0\u6b64\uff0c\u6771\u82f1\u8cc7\u7ba1\u9032\u4e00\u6b65\u5f37\u5316\u4e86\u5176\u4f5c\u70ba\u6a5f\u69cb\u7d1a\u53e6\u985e\u6295\u8cc7\u300c\u7504\u9078\u8005\u300d\u7684\u8072\u8b7d\uff0c\u800c\u975e\u55ae\u7d14\u7684\u5206\u92b7\u5e73\u53f0\u3002 \u5185\u5730\u8207\u9999\u6e2f\uff1a\u4fe1\u5fc3\u91cd\u5851\u8207\u5be6\u5730\u89f8\u9054 \u7e7c2024\u5e74\u7684\u5f37\u52c1\u5fa9\u8607\u5f8c\uff0c\u4e2d\u570b\u5e02\u5834\u6295\u8cc7\u8005\u4fe1\u5fc3\u57282025\u5e74\u986f\u8457\u56de\u5347\u30022025\u5e74\uff0c\u53d7\u5357\u5411\u300c\u6e2f\u80a1\u901a\u300d\u8cc7\u91d1\u6d41\u5165\u3001\u4eba\u5de5\u667a\u80fd\u76f8\u95dc\u6a02\u89c0\u60c5\u7dd2\u53ca\u5168\u7403\u5229\u7387\u4e0b\u884c\u63a8\u52d5\uff0c\u6052\u751f\u6307\u6578\uff08HSI\uff09\u9304\u5f9727.8%\u7684\u56de\u5831\u7387\uff0c\u5275\u4e0b\u81ea2017\u5e74\u4ee5\u4f86\u7684\u6700\u4f73\u5e74\u5ea6\u8868\u73fe\u4e4b\u4e00\u3002\u4e2d\u570bA\u80a1\u4ea6\u8868\u73fe\u5f37\u52c1\uff0c\u5728\u653f\u7b56\u5bec\u9b06\u53ca\u98a8\u96aa\u504f\u597d\u6539\u5584\u7684\u652f\u6301\u4e0b\uff0c\u6eec\u6df1300\u6307\u6578\uff08CSI 300\uff09\u56de\u5831\u7387\u905417.7%\u3002\u9806\u61c9\u9019\u4e00\u52e2\u982d\uff0c\u6771\u82f1\u8cc7\u7ba1\u65b0\u589e\u4e8610\u9805\u805a\u7126\u4e2d\u570b\u7684\u7b56\u7565\uff0c\u6df1\u5316\u4e86\u5176\u5728\u5883\u5167\u5916\u7684\u8986\u84cb\u7bc4\u570d\uff0c\u4e26\u91cd\u7533\u4e86\u5c0d\u8a72\u5340\u57df\u7684\u9577\u671f\u6295\u5165\u3002 \u5c0d\u65bc\u6b63\u5728\u61c9\u5c0d\u4e2d\u570b\u5e02\u5834\u91cd\u65b0\u958b\u653e\u53ca\u7d50\u69cb\u6027\u8abf\u6574\u7684\u5168\u7403\u6295\u8cc7\u4eba\u800c\u8a00\uff0c\u6771\u82f1\u8cc7\u7ba1\u7684\u672c\u571f\u4f48\u5c40\u53ca\u57fa\u91d1\u7d93\u7406\u7db2\u7d61\u63d0\u4f9b\u4e86\u5dee\u7570\u5316\u7684\u5e02\u5834\u51c6\u5165\uff0c\u76f4\u63a5\u9023\u63a5\u8655\u65bc\u653f\u7b56\u3001\u6d41\u52d5\u6027\u8207\u6a5f\u9047\u4ea4\u532f\u512a\u52e2\u7684\u6295\u8cc7\u5718\u968a\u3002\u9019\u4e00\u5b9a\u4f4d\u4f7f\u6295\u8cc7\u4eba\u80fd\u5920\u5728\u5e02\u5834\u4fe1\u5fc3\u56de\u6b78\u4e4b\u969b\uff0c\u6709\u9078\u64c7\u6027\u4e14\u5be9\u614e\u5730\u53c3\u8207\u5176\u4e2d\u3002 \u97d3\u570b\uff1a\u628a\u63e1\u6b77\u53f2\u6027\u7684\u5e02\u5834\u91cd\u4f30 \u8207\u6b64\u540c\u6642\uff0c\u6771\u82f1\u8cc7\u7ba1\u6b63\u6e96\u5099\u8fce\u4f86\u5176\u7b2c\u4e03\u4f4d\u97d3\u570b\u57fa\u91d1\u7d93\u7406\uff0c\u5145\u5206\u5229\u7528\u97d3\u570b\u80a1\u7968\u5e02\u5834\u5177\u6709\u91cc\u7a0b\u7891\u610f\u7fa9\u7684\u4e00\u5e74\u30022025\u5e74\uff0c\u5728\u516c\u53f8\u6cbb\u7406\u6539\u9769\u3001\u8cc7\u672c\u7d00\u5f8b\u6539\u5584\u53ca\u5168\u7403\u95dc\u6ce8\u5ea6\u56de\u5347\u7684\u63a8\u52d5\u4e0b\uff0c\u97d3\u570b\u7d9c\u5408\u80a1\u50f9\u6307\u6578\uff08KOSPI\uff09\u9304\u5f97+75.6%\u7684\u56de\u5831\uff0c\u5275\u4e0b\u81ea1999\u5e74\u4ee5\u4f86\u7684\u6700\u5f37\u8868\u73fe\u3002 \u96a8\u8457\u570b\u969b\u76ee\u5149\u91cd\u6ce8\u97d3\u570b\uff0c\u6771\u82f1\u8cc7\u7ba1\u7684\u5e73\u53f0\u5354\u52a9\u6295\u8cc7\u4eba\u63a5\u89f8\u5230\u90a3\u4e9b\u6700\u6709\u80fd\u529b\u5f9e\u6b64\u6b21\u7d50\u69cb\u6027\u91cd\u4f30\u4e2d\u7372\u76ca\u7684\u672c\u571f\u57fa\u91d1\u7d93\u7406\uff0c\u63d0\u4f9b\u8207\u6539\u9769\u52e2\u982d\u53ca\u9577\u671f\u6a5f\u69cb\u4e3b\u984c\u76f8\u5951\u5408\u7684\u6295\u8cc7\u655e\u53e3\u3002 \u898f\u6a21\u3001\u5132\u5099\u8207\u672a\u4f86\u5c55\u671b \u622a\u81f3\u5e74\u5e95\uff0c\u6771\u82f1\u8cc7\u7ba1\u5e73\u53f0\u4e0a\u904b\u884c\u7684\u7b56\u7565\u5df2\u8d85\u904e50\u9805\uff0c\u5f70\u986f\u4e86\u516c\u53f8\u6301\u7e8c\u7684\u64f4\u5c55\u80fd\u529b\u8207\u904b\u71df\u6df1\u5ea6\u3002\u9019\u4e00\u52e2\u982d\u5ef6\u7e8c\u81f32026\u5e74\uff0c\u5df2\u67093\u9805\u57fa\u91d1\u6210\u529f\u767c\u884c\uff0c\u53e6\u670910\u9805\u7b56\u7565\u8a08\u5283\u65bc\u7b2c\u4e00\u53ca\u7b2c\u4e8c\u5b63\u5ea6\u63a8\u51fa\uff0c\u70ba\u8fd1\u671f\u589e\u9577\u63d0\u4f9b\u4e86\u6e05\u6670\u7684\u53ef\u898b\u5ea6\u3002 \u8cc7\u672c\u5e02\u5834\u52d5\u529b\u8207\u6a5f\u69cb\u670d\u52d9 \u96a8\u8457\u9999\u6e2f\u9810\u8a08\u5c07\u8fce\u4f86\u7d04150\u5bb6\u65b0\u4e0a\u5e02\u516c\u53f8\uff0c\u9996\u6b21\u516c\u958b\u62db\u80a1\uff08IPO\uff09\u96c6\u8cc7\u984d\u6709\u671b\u9ad8\u90543,500\u5104\u6e2f\u5143\uff0c\u6771\u82f1\u8cc7\u7ba1\u6301\u7e8c\u7c4c\u5099\u65b0\u7b56\u7565\u8207\u5408\u4f5c\u5925\u4f34\u95dc\u4fc2\uff0c\u4ee5\u652f\u63f4\u65b0\u4e00\u4ee3\u5bb6\u65cf\u8fa6\u516c\u5ba4\u53ca\u5c08\u696d\u6295\u8cc7\u4eba\u99d5\u99ad\u6d3b\u8e8d\u7684\u8cc7\u672c\u5e02\u5834\u3002 \u8207\u6b64\u540c\u6642\uff0c\u6771\u82f1\u8cc7\u7ba1\u5c62\u7372\u6b8a\u69ae\u7684\u4e2d\u5f8c\u53f0\u5e73\u53f0\u9032\u4e00\u6b65\u64f4\u5c55\u4e86\u5176\u5408\u898f\u53ca\u6295\u8cc7\u8005\u95dc\u4fc2\u670d\u52d9\u80fd\u529b\uff0c\u652f\u63f4\u65b0\u8208\u53ca\u6210\u9577\u578b\u57fa\u91d1\u7d93\u7406\u62d3\u5c55\u570b\u969b\u696d\u52d9\u3002\u9019\u4e00\u7d9c\u5408\u57fa\u790e\u8a2d\u65bd\u59cb\u7d42\u662f\u6771\u82f1\u8cc7\u7ba1\u7684\u95dc\u9375\u5dee\u7570\u5316\u512a\u52e2\uff0c\u4f7f\u57fa\u91d1\u7d93\u7406\u80fd\u5920\u5728\u6eff\u8db3\u65e5\u76ca\u63d0\u9ad8\u7684\u6a5f\u69cb\u6a19\u6e96\u7684\u540c\u6642\uff0c\u5c08\u6ce8\u65bc\u6295\u8cc7\u696d\u7e3e\u3002 \u884c\u696d\u6d1e\u898b\u3001\u5167\u5bb9\u8207\u793e\u5340\u53c3\u8207 2025\u5e74\uff0c\u6771\u82f1\u8cc7\u7ba1\u9032\u4e00\u6b65\u5f37\u5316\u4e86\u5176\u4f5c\u70ba\u4e9e\u6d32\u6a5f\u69cb\u5c0d\u8a71\u300c\u53ec\u96c6\u4eba\u300d\u7684\u89d2\u8272\u3002\u5176\u64ad\u5ba2\u7bc0\u76ee\u300aAlpha Uncovered\u300b\u767c\u4f48\u4e8612\u96c6\u65b0\u5167\u5bb9\uff0c\u9080\u8acb\u6a5f\u69cb\u6295\u8cc7\u8005\u3001\u8cc7\u6df1\u57fa\u91d1\u7d93\u7406\u53ca\u884c\u696d\u5c08\u5bb6\u53c3\u8207\uff0c\u4f7f\u516c\u53f8\u7684\u5167\u5bb9\u5eab\u64f4\u5145\u81f3\u8d85\u904e40\u500b\u8996\u983b\u3002 \u8207\u6b64\u540c\u6642\uff0c\u6771\u82f1\u8cc7\u7ba1\u5728\u5176\u65b0\u8fa6\u516c\u5730\u5740\u8209\u8fa6\u4e8610\u5834\u884c\u696d\u7814\u8a0e\u6703\u8b70\uff0c\u4e26\u53c3\u8207\u4e86\u9999\u6e2f\u3001\u4e0a\u6d77\u53ca\u6df1\u5733\u8d85\u904e40\u6b21\u5408\u4f5c\u4ea4\u6d41\uff0c\u978f\u56fa\u4e86\u5176\u4f5c\u70ba\u4e9e\u6d32\u6295\u8cc7\u4eba\u8207\u57fa\u91d1\u7d93\u7406\u751f\u614b\u7cfb\u7d71\u6838\u5fc3\u7684\u5730\u4f4d\u3002 \u5c55\u671b\u672a\u4f86 \u5c55\u671b2026\u5e74\u9918\u4e0b\u6642\u9593\uff0c\u6771\u82f1\u8cc7\u7ba1\u5c07\u7e7c\u7e8c\u81f4\u529b\u65bc\u64f4\u5c55\u884c\u4e4b\u6709\u6548\u7684\u6a21\u5f0f\uff0c\u6df1\u5316\u8207\u6295\u8cc7\u4eba\u7684\u95dc\u4fc2\uff0c\u4e26\u70ba\u6301\u7e8c\u8dd1\u8d0f\u5e02\u5834\u7684\u57fa\u91d1\u7d93\u7406\u63d0\u4f9b\u652f\u63f4\u3002\u901a\u904e\u7d50\u5408\u6a5f\u69cb\u7d1a\u57fa\u790e\u8a2d\u65bd\u3001\u5340\u57df\u6d1e\u5bdf\u529b\u4ee5\u53ca\u4e0d\u65b7\u64f4\u5927\u7684\u5168\u7403\u7db2\u8def\uff0c\u6771\u82f1\u8cc7\u7ba1\u5df2\u84c4\u52e2\u5f85\u767c\uff0c\u52a9\u529b\u8b5c\u5beb\u4e9e\u6d32\u53e6\u985e\u6295\u8cc7\u7248\u5716\u7684\u65b0\u7bc7\u7ae0\u3002 -\u5b8c- \u95dc\u65bc\u6771\u82f1\u6295\u8cc7\u7ba1\u7406\u6709\u9650\u516c\u53f8 (\u6771\u82f1\u8cc7\u7ba1) \u6771\u82f1\u8cc7\u7ba1\u4ee5\u5408\u4f5c\u5925\u4f34\u7684\u8eab\u4efd\u5354\u52a9\u57fa\u91d1\u7d93\u7406\uff0c\u5efa\u7acb\u70ba\u6a5f\u69cb\u548c\u5c08\u696d\u6295\u8cc7\u8005\u958b\u767c\u5275\u65b0\u6027\u7684\u6295\u8cc7\u7b56\u7565\u3002\u6771\u82f1\u8cc7\u7ba1\u7684\u5c0d\u6c96\u57fa\u91d1\u5e73\u53f0\uff0c\u6b63\u5438\u5f15\u8457\u4f86\u81ea\u5168\u7403\u7684\u57fa\u91d1\u7d93\u7406\u548c\u6295\u8cc7\u8005\uff0c\u651c\u624b\u696d\u5167\u9802\u7d1a\u5408\u4f5c\u5925\u4f34\u5011\u5171\u5275\u9583\u8000\u672a\u4f86\u3002 \u6771\u82f1\u8cc7\u7ba1\u70ba\u696d\u5167\u9818\u5148\u7684\u8cc7\u7522\u7ba1\u7406\u516c\u53f8\uff0c\u65bc2004\u5728\u9999\u6e2f\u8a3b\u518a\u6210\u7acb\u3002\u6771\u82f1\u8cc7\u7ba1\u6301\u6709\u9999\u6e2f\u8b49\u5238\u53ca\u671f\u8ca8\u4e8b\u52d9\u76e3\u5bdf\u59d4\u54e1\u6703\uff08\u8b49\u76e3\u6703\uff09\u7684\u7b2c1\u985e\uff08\u8b49\u5238\u4ea4\u6613\uff09\u3001\u7b2c4\u985e\uff08\u5c31\u8b49\u5238\u63d0\u4f9b\u610f\u898b\uff09\u4ee5\u53ca\u7b2c9\u985e\uff08\u63d0\u4f9b\u8cc7\u7522\u7ba1\u7406\uff09\u724c\u7167\uff0c\u5f9e\u4e8b\u300a\u8b49\u5238\u53ca\u671f\u8ca8\u689d\u4f8b\u300b\u898f\u5b9a (Cap.571) \u4e0b\u7684\u53d7\u898f\u7ba1\u696d\u52d9\u6d3b\u52d5\u3002\u6771\u82f1\u8cc7\u7ba1\u50c5\u80fd\u5411\u7b26\u5408\u8cc7\u683c\u7684\u5c08\u696d\u6295\u8cc7\u4eba\u63d0\u4f9b\u670d\u52d9\u3002\u6771\u82f1\u8cc7\u7ba1\u540c\u6642\u70ba\u9999\u6e2f\u6771\u82f1\u91d1\u878d\u96c6\u5718\u6210\u54e1\u3002 \u514d\u8cac\u8072\u660e \u672c\u6587\u4ef6\u7531\u6771\u82f1\u6295\u8cc7\u7ba1\u7406\u6709\u9650\u516c\u53f8\uff08\u300c\u6771\u82f1\u8cc7\u7ba1\u300d\uff09\u7de8\u5236\u3002\u672c\u6587\u4ef6\u53ca\u6771\u82f1\u8cc7\u7ba1\u7db2\u7ad9\uff08www.opim.com.hk\uff09\u4e26\u672a\u7d93\u9999\u6e2f\u8b49\u52b5\u53ca\u671f\u8ca8\u4ea4\u6613\u76e3\u5bdf\u59d4\u54e1\u6703\u5be9\u95b1\u3002\u672c\u6a94\u50c5\u63d0\u4f9b\u8cc7\u8a0a\u4ee5\u4f9b\u53c3\u8003\uff0c\u4e26\u4e0d\u69cb\u6210\u4efb\u4f55\u8b49\u5238\u3001\u671f\u8ca8\u3001\u671f\u6b0a\u6216\u5176\u4ed6\u91d1\u878d\u5de5\u5177\u7684\u8981\u7d04\u3001\u8981\u7d04\u7684\u5fb5\u6c42\u6216\u6295\u8cc7\u5efa\u8b70\u7684\u63a8\u85a6\u3002\u6295\u8cc7\u6d89\u53ca\u98a8\u96aa\u3002\u672c\u6587\u4ef6\u4e2d\u7684\u4efb\u4f55\u5546\u6a19\u3001\u6a19\u8a8c\u548c\u76f8\u95dc\u77e5\u8b58\u7522\u6b0a\u5747\u70ba\u6771\u82f1\u8cc7\u7ba1\u6216\u5176\u4ed6\u5354\u529b\u5ee0\u5546\u6240\u6709\u3002\u904e\u5f80\u8868\u73fe\u53ca\u5c0d\u7d93\u6fdf\u3001\u8b49\u5238\u5e02\u5834\u6216\u5e02\u5834\u7d93\u6fdf\u8d70\u52e2\u7684\u9810\u6e2c\u3001\u63a8\u65b7\u6216\u9810\u5831\uff0c\u4e26\u4e0d\u4ee3\u8868\u6771\u82f1\u8cc7\u7ba1\u6240\u7ba1\u7406\u6216\u5efa\u8b70\u7684\u57fa\u91d1\u6216\u8cec\u6236\u7684\u672a\u4f86\u6216\u53ef\u80fd\u7684\u8868\u73fe\u3002\u96d6\u7136\u6771\u82f1\u8cc7\u7ba1\u76f8\u4fe1\u672c\u6587\u4ef6\u7684\u8cc7\u6599\u5728\u520a\u767c\u6642\u662f\u53ef\u9760\u7684\uff0c\u4f46\u6771\u82f1\u8cc7\u7ba1\u4e0d\u5c31\u5176\u6e96\u78ba\u6027\u6216\u5b8c\u6574\u6027\u4f5c\u51fa\u4fdd\u8b49\uff0c\u4e26\u4e14\u4e0d\u6703\u70ba\u4efb\u4f55\u4e8b\u5be6\u6216\u610f\u898b\u7684\u8aa4\u5dee\u8ca0\u8cac\uff0c\u6216\u70ba\u4efb\u4f55\u4eba\u56e0\u4f9d\u8cf4\u6b64\u7b49\u8cc7\u6599\u800c\u62db\u81f4\u7684\u640d\u5931\u627f\u64d4\u8cac\u4efb\u3002\u672c\u6a94\u6240\u8f09\u7684\u4efb\u4f55\u610f\u898b\u6216\u4f30\u7b97\u8cc7\u6599\u53ef\u80fd\u6703\u4f5c\u51fa\u8b8a\u66f4\uff0c\u4e26\u4e0d\u6703\u4e8b\u524d\u901a\u544a\u3002\u672a\u7d93\u6771\u82f1\u8cc7\u7ba1\u4e8b\u5148\u7684\u66f8\u9762\u540c\u610f\uff0c\u4e0d\u5f97\u520a\u767c\uff0c\u50b3\u95b1\uff0c\u8907\u88fd\u6216\u5206\u6d3e\u672c\u6a94\u7684\u5168\u90e8\u6216\u4efb\u4f55\u90e8\u4efd\u3002\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776\" \/>\n<meta property=\"og:site_name\" content=\"\u9999\u6e2f\u7279\u8a31\u7d93\u71df\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-09T01:33:00+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"\u6771\u82f1\u8cc7\u7ba12025\u5e74\u518d\u5275\u9ad8\u5cf0\uff1a\u5e73\u53f0\u898f\u6a21\u8207\u6a5f\u69cb\u51c6\u5165\u80fd\u529b\u9f4a\u5275\u65b0\u9ad8\",\"datePublished\":\"2026-03-09T01:33:00+00:00\",\"dateModified\":\"2026-03-09T01:33:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776\"},\"wordCount\":15,\"publisher\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en#organization\"},\"articleSection\":[\"\u672a\u5206\u985e\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776\",\"url\":\"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776\",\"name\":\"\u6771\u82f1\u8cc7\u7ba12025\u5e74\u518d\u5275\u9ad8\u5cf0\uff1a\u5e73\u53f0\u898f\u6a21\u8207\u6a5f\u69cb\u51c6\u5165\u80fd\u529b\u9f4a\u5275\u65b0\u9ad8 - \u9999\u6e2f\u7279\u8a31\u7d93\u71df\",\"isPartOf\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en#website\"},\"datePublished\":\"2026-03-09T01:33:00+00:00\",\"dateModified\":\"2026-03-09T01:33:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u9996\u9801\",\"item\":\"https:\/\/www.franchise.com.hk\/en\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u6771\u82f1\u8cc7\u7ba12025\u5e74\u518d\u5275\u9ad8\u5cf0\uff1a\u5e73\u53f0\u898f\u6a21\u8207\u6a5f\u69cb\u51c6\u5165\u80fd\u529b\u9f4a\u5275\u65b0\u9ad8\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.franchise.com.hk\/en#website\",\"url\":\"https:\/\/www.franchise.com.hk\/en\",\"name\":\"\u9999\u6e2f\u7279\u8a31\u7d93\u71df\",\"description\":\"\u9999\u6e2f\u7279\u8a31\u7d93\u71df | Franchise HK\",\"publisher\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.franchise.com.hk\/en?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.franchise.com.hk\/en#organization\",\"name\":\"\u9999\u6e2f\u7279\u8a31\u7d93\u71df\",\"url\":\"https:\/\/www.franchise.com.hk\/en\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.franchise.com.hk\/en#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/www.franchise.com.hk\/wp-content\/uploads\/2022\/05\/cropped-cropped-franchise-logo-02-e1652686851566-2.png?fit=350%2C76&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.franchise.com.hk\/wp-content\/uploads\/2022\/05\/cropped-cropped-franchise-logo-02-e1652686851566-2.png?fit=350%2C76&ssl=1\",\"width\":350,\"height\":76,\"caption\":\"\u9999\u6e2f\u7279\u8a31\u7d93\u71df\"},\"image\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u6771\u82f1\u8cc7\u7ba12025\u5e74\u518d\u5275\u9ad8\u5cf0\uff1a\u5e73\u53f0\u898f\u6a21\u8207\u6a5f\u69cb\u51c6\u5165\u80fd\u529b\u9f4a\u5275\u65b0\u9ad8 - \u9999\u6e2f\u7279\u8a31\u7d93\u71df","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776","og_locale":"en_US","og_type":"article","og_title":"\u6771\u82f1\u8cc7\u7ba12025\u5e74\u518d\u5275\u9ad8\u5cf0\uff1a\u5e73\u53f0\u898f\u6a21\u8207\u6a5f\u69cb\u51c6\u5165\u80fd\u529b\u9f4a\u5275\u65b0\u9ad8 - \u9999\u6e2f\u7279\u8a31\u7d93\u71df","og_description":"\u9999\u6e2f2026\u5e743\u67089\u65e5 \/\u7f8e\u901a\u793e\/ &#8212; \u6771\u82f1\u6295\u8cc7\u7ba1\u7406\u6709\u9650\u516c\u53f8\uff08\u300c\u6771\u82f1\u8cc7\u7ba1\u300d\uff09\u4ee5\u5f37\u52c1\u52e2\u982d\u958b\u555f2025\u5e74\uff0c\u4e26\u65bc\u5e74\u7d42\u5728\u5e73\u53f0\u898f\u6a21\u3001\u5e02\u5834\u5730\u4f4d\u53ca\u6a5f\u69cb\u89f8\u9054\u65b9\u9762\u9081\u5165\u5168\u65b0\u968e\u6bb5\u3002\u4f9d\u8a17\u5176\u4f5c\u70ba\u4e9e\u6d32\u9818\u5148\u6a5f\u69cb\u57fa\u91d1\u5e73\u53f0\u7684\u5730\u4f4d\uff0c\u6771\u82f1\u8cc7\u7ba1\u4e0d\u50c5\u62d3\u5bec\u4e86\u6295\u8cc7\u7b56\u7565\u7684\u5ee3\u5ea6\uff0c\u66f4\u6df1\u5316\u4e86\u5340\u57df\u4f48\u5c40\u7684\u6df1\u5ea6\uff0c\u9032\u4e00\u6b65\u978f\u56fa\u4e86\u5176\u4f5c\u70ba\u53e6\u985e\u57fa\u91d1\u7d93\u7406\u5728\u4e9e\u6d32\u5c0b\u6c42\u5c08\u696d\u53ca\u6a5f\u69cb\u8cc7\u91d1\u7684\u9996\u9078\u9580\u6236\u5730\u4f4d\u3002 \u5e73\u53f0\u589e\u9577\u8207\u7b56\u7565\u64f4\u5f35 2025\u5e74\u5168\u5e74\uff0c\u6771\u82f1\u8cc7\u7ba1\u6210\u529f\u63a8\u51fa\u4e86\u8d85\u904e18\u9805\u6295\u8cc7\u7b56\u7565\uff0c\u4e26\u7c3d\u7d04\u4e8617\u4f4d\u65b0\u57fa\u91d1\u7d93\u7406\uff0c\u53cd\u6620\u4e86\u6295\u8cc7\u4eba\u5c0d\u4ee5\u4e9e\u6d32\u70ba\u6838\u5fc3\u7684\u591a\u5143\u5316\u963f\u723e\u6cd5\u4f86\u6e90\u7684\u6301\u7e8c\u9700\u6c42\u3002\u9019\u4e9b\u7b56\u7565\u6db5\u84cb\u5b8f\u89c0\u3001\u91cf\u5316\u53ca\u80a1\u7968\u591a\u7a7a\u7b56\u7565\uff0c\u69cb\u5efa\u4e86\u4e00\u500b\u65e8\u5728\u8de8\u8d8a\u4e0d\u540c\u5e02\u5834\u9031\u671f\u5747\u80fd\u8868\u73fe\u7a69\u5065\u7684\u5747\u8861\u7d44\u5408\u3002 \u9019\u4e00\u64f4\u5f35\u4e26\u975e\u6295\u6a5f\u4e4b\u8209\uff0c\u800c\u662f\u6df1\u601d\u719f\u616e\u7684\u6230\u7565\u4f48\u5c40\u3002\u7b56\u7565\u7504\u9078\u91cd\u9ede\u95dc\u6ce8\u64c1\u6709\u5dee\u7570\u5316\u6d41\u7a0b\u3001\u5177\u5099\u6a5f\u69cb\u5316\u689d\u4ef6\uff0c\u4e14\u80fd\u96a8\u6295\u8cc7\u4eba\u9700\u6c42\u589e\u9577\u800c\u64f4\u5c55\u898f\u6a21\u7684\u57fa\u91d1\u7d93\u7406\u3002\u56e0\u6b64\uff0c\u6771\u82f1\u8cc7\u7ba1\u9032\u4e00\u6b65\u5f37\u5316\u4e86\u5176\u4f5c\u70ba\u6a5f\u69cb\u7d1a\u53e6\u985e\u6295\u8cc7\u300c\u7504\u9078\u8005\u300d\u7684\u8072\u8b7d\uff0c\u800c\u975e\u55ae\u7d14\u7684\u5206\u92b7\u5e73\u53f0\u3002 \u5185\u5730\u8207\u9999\u6e2f\uff1a\u4fe1\u5fc3\u91cd\u5851\u8207\u5be6\u5730\u89f8\u9054 \u7e7c2024\u5e74\u7684\u5f37\u52c1\u5fa9\u8607\u5f8c\uff0c\u4e2d\u570b\u5e02\u5834\u6295\u8cc7\u8005\u4fe1\u5fc3\u57282025\u5e74\u986f\u8457\u56de\u5347\u30022025\u5e74\uff0c\u53d7\u5357\u5411\u300c\u6e2f\u80a1\u901a\u300d\u8cc7\u91d1\u6d41\u5165\u3001\u4eba\u5de5\u667a\u80fd\u76f8\u95dc\u6a02\u89c0\u60c5\u7dd2\u53ca\u5168\u7403\u5229\u7387\u4e0b\u884c\u63a8\u52d5\uff0c\u6052\u751f\u6307\u6578\uff08HSI\uff09\u9304\u5f9727.8%\u7684\u56de\u5831\u7387\uff0c\u5275\u4e0b\u81ea2017\u5e74\u4ee5\u4f86\u7684\u6700\u4f73\u5e74\u5ea6\u8868\u73fe\u4e4b\u4e00\u3002\u4e2d\u570bA\u80a1\u4ea6\u8868\u73fe\u5f37\u52c1\uff0c\u5728\u653f\u7b56\u5bec\u9b06\u53ca\u98a8\u96aa\u504f\u597d\u6539\u5584\u7684\u652f\u6301\u4e0b\uff0c\u6eec\u6df1300\u6307\u6578\uff08CSI 300\uff09\u56de\u5831\u7387\u905417.7%\u3002\u9806\u61c9\u9019\u4e00\u52e2\u982d\uff0c\u6771\u82f1\u8cc7\u7ba1\u65b0\u589e\u4e8610\u9805\u805a\u7126\u4e2d\u570b\u7684\u7b56\u7565\uff0c\u6df1\u5316\u4e86\u5176\u5728\u5883\u5167\u5916\u7684\u8986\u84cb\u7bc4\u570d\uff0c\u4e26\u91cd\u7533\u4e86\u5c0d\u8a72\u5340\u57df\u7684\u9577\u671f\u6295\u5165\u3002 \u5c0d\u65bc\u6b63\u5728\u61c9\u5c0d\u4e2d\u570b\u5e02\u5834\u91cd\u65b0\u958b\u653e\u53ca\u7d50\u69cb\u6027\u8abf\u6574\u7684\u5168\u7403\u6295\u8cc7\u4eba\u800c\u8a00\uff0c\u6771\u82f1\u8cc7\u7ba1\u7684\u672c\u571f\u4f48\u5c40\u53ca\u57fa\u91d1\u7d93\u7406\u7db2\u7d61\u63d0\u4f9b\u4e86\u5dee\u7570\u5316\u7684\u5e02\u5834\u51c6\u5165\uff0c\u76f4\u63a5\u9023\u63a5\u8655\u65bc\u653f\u7b56\u3001\u6d41\u52d5\u6027\u8207\u6a5f\u9047\u4ea4\u532f\u512a\u52e2\u7684\u6295\u8cc7\u5718\u968a\u3002\u9019\u4e00\u5b9a\u4f4d\u4f7f\u6295\u8cc7\u4eba\u80fd\u5920\u5728\u5e02\u5834\u4fe1\u5fc3\u56de\u6b78\u4e4b\u969b\uff0c\u6709\u9078\u64c7\u6027\u4e14\u5be9\u614e\u5730\u53c3\u8207\u5176\u4e2d\u3002 \u97d3\u570b\uff1a\u628a\u63e1\u6b77\u53f2\u6027\u7684\u5e02\u5834\u91cd\u4f30 \u8207\u6b64\u540c\u6642\uff0c\u6771\u82f1\u8cc7\u7ba1\u6b63\u6e96\u5099\u8fce\u4f86\u5176\u7b2c\u4e03\u4f4d\u97d3\u570b\u57fa\u91d1\u7d93\u7406\uff0c\u5145\u5206\u5229\u7528\u97d3\u570b\u80a1\u7968\u5e02\u5834\u5177\u6709\u91cc\u7a0b\u7891\u610f\u7fa9\u7684\u4e00\u5e74\u30022025\u5e74\uff0c\u5728\u516c\u53f8\u6cbb\u7406\u6539\u9769\u3001\u8cc7\u672c\u7d00\u5f8b\u6539\u5584\u53ca\u5168\u7403\u95dc\u6ce8\u5ea6\u56de\u5347\u7684\u63a8\u52d5\u4e0b\uff0c\u97d3\u570b\u7d9c\u5408\u80a1\u50f9\u6307\u6578\uff08KOSPI\uff09\u9304\u5f97+75.6%\u7684\u56de\u5831\uff0c\u5275\u4e0b\u81ea1999\u5e74\u4ee5\u4f86\u7684\u6700\u5f37\u8868\u73fe\u3002 \u96a8\u8457\u570b\u969b\u76ee\u5149\u91cd\u6ce8\u97d3\u570b\uff0c\u6771\u82f1\u8cc7\u7ba1\u7684\u5e73\u53f0\u5354\u52a9\u6295\u8cc7\u4eba\u63a5\u89f8\u5230\u90a3\u4e9b\u6700\u6709\u80fd\u529b\u5f9e\u6b64\u6b21\u7d50\u69cb\u6027\u91cd\u4f30\u4e2d\u7372\u76ca\u7684\u672c\u571f\u57fa\u91d1\u7d93\u7406\uff0c\u63d0\u4f9b\u8207\u6539\u9769\u52e2\u982d\u53ca\u9577\u671f\u6a5f\u69cb\u4e3b\u984c\u76f8\u5951\u5408\u7684\u6295\u8cc7\u655e\u53e3\u3002 \u898f\u6a21\u3001\u5132\u5099\u8207\u672a\u4f86\u5c55\u671b \u622a\u81f3\u5e74\u5e95\uff0c\u6771\u82f1\u8cc7\u7ba1\u5e73\u53f0\u4e0a\u904b\u884c\u7684\u7b56\u7565\u5df2\u8d85\u904e50\u9805\uff0c\u5f70\u986f\u4e86\u516c\u53f8\u6301\u7e8c\u7684\u64f4\u5c55\u80fd\u529b\u8207\u904b\u71df\u6df1\u5ea6\u3002\u9019\u4e00\u52e2\u982d\u5ef6\u7e8c\u81f32026\u5e74\uff0c\u5df2\u67093\u9805\u57fa\u91d1\u6210\u529f\u767c\u884c\uff0c\u53e6\u670910\u9805\u7b56\u7565\u8a08\u5283\u65bc\u7b2c\u4e00\u53ca\u7b2c\u4e8c\u5b63\u5ea6\u63a8\u51fa\uff0c\u70ba\u8fd1\u671f\u589e\u9577\u63d0\u4f9b\u4e86\u6e05\u6670\u7684\u53ef\u898b\u5ea6\u3002 \u8cc7\u672c\u5e02\u5834\u52d5\u529b\u8207\u6a5f\u69cb\u670d\u52d9 \u96a8\u8457\u9999\u6e2f\u9810\u8a08\u5c07\u8fce\u4f86\u7d04150\u5bb6\u65b0\u4e0a\u5e02\u516c\u53f8\uff0c\u9996\u6b21\u516c\u958b\u62db\u80a1\uff08IPO\uff09\u96c6\u8cc7\u984d\u6709\u671b\u9ad8\u90543,500\u5104\u6e2f\u5143\uff0c\u6771\u82f1\u8cc7\u7ba1\u6301\u7e8c\u7c4c\u5099\u65b0\u7b56\u7565\u8207\u5408\u4f5c\u5925\u4f34\u95dc\u4fc2\uff0c\u4ee5\u652f\u63f4\u65b0\u4e00\u4ee3\u5bb6\u65cf\u8fa6\u516c\u5ba4\u53ca\u5c08\u696d\u6295\u8cc7\u4eba\u99d5\u99ad\u6d3b\u8e8d\u7684\u8cc7\u672c\u5e02\u5834\u3002 \u8207\u6b64\u540c\u6642\uff0c\u6771\u82f1\u8cc7\u7ba1\u5c62\u7372\u6b8a\u69ae\u7684\u4e2d\u5f8c\u53f0\u5e73\u53f0\u9032\u4e00\u6b65\u64f4\u5c55\u4e86\u5176\u5408\u898f\u53ca\u6295\u8cc7\u8005\u95dc\u4fc2\u670d\u52d9\u80fd\u529b\uff0c\u652f\u63f4\u65b0\u8208\u53ca\u6210\u9577\u578b\u57fa\u91d1\u7d93\u7406\u62d3\u5c55\u570b\u969b\u696d\u52d9\u3002\u9019\u4e00\u7d9c\u5408\u57fa\u790e\u8a2d\u65bd\u59cb\u7d42\u662f\u6771\u82f1\u8cc7\u7ba1\u7684\u95dc\u9375\u5dee\u7570\u5316\u512a\u52e2\uff0c\u4f7f\u57fa\u91d1\u7d93\u7406\u80fd\u5920\u5728\u6eff\u8db3\u65e5\u76ca\u63d0\u9ad8\u7684\u6a5f\u69cb\u6a19\u6e96\u7684\u540c\u6642\uff0c\u5c08\u6ce8\u65bc\u6295\u8cc7\u696d\u7e3e\u3002 \u884c\u696d\u6d1e\u898b\u3001\u5167\u5bb9\u8207\u793e\u5340\u53c3\u8207 2025\u5e74\uff0c\u6771\u82f1\u8cc7\u7ba1\u9032\u4e00\u6b65\u5f37\u5316\u4e86\u5176\u4f5c\u70ba\u4e9e\u6d32\u6a5f\u69cb\u5c0d\u8a71\u300c\u53ec\u96c6\u4eba\u300d\u7684\u89d2\u8272\u3002\u5176\u64ad\u5ba2\u7bc0\u76ee\u300aAlpha Uncovered\u300b\u767c\u4f48\u4e8612\u96c6\u65b0\u5167\u5bb9\uff0c\u9080\u8acb\u6a5f\u69cb\u6295\u8cc7\u8005\u3001\u8cc7\u6df1\u57fa\u91d1\u7d93\u7406\u53ca\u884c\u696d\u5c08\u5bb6\u53c3\u8207\uff0c\u4f7f\u516c\u53f8\u7684\u5167\u5bb9\u5eab\u64f4\u5145\u81f3\u8d85\u904e40\u500b\u8996\u983b\u3002 \u8207\u6b64\u540c\u6642\uff0c\u6771\u82f1\u8cc7\u7ba1\u5728\u5176\u65b0\u8fa6\u516c\u5730\u5740\u8209\u8fa6\u4e8610\u5834\u884c\u696d\u7814\u8a0e\u6703\u8b70\uff0c\u4e26\u53c3\u8207\u4e86\u9999\u6e2f\u3001\u4e0a\u6d77\u53ca\u6df1\u5733\u8d85\u904e40\u6b21\u5408\u4f5c\u4ea4\u6d41\uff0c\u978f\u56fa\u4e86\u5176\u4f5c\u70ba\u4e9e\u6d32\u6295\u8cc7\u4eba\u8207\u57fa\u91d1\u7d93\u7406\u751f\u614b\u7cfb\u7d71\u6838\u5fc3\u7684\u5730\u4f4d\u3002 \u5c55\u671b\u672a\u4f86 \u5c55\u671b2026\u5e74\u9918\u4e0b\u6642\u9593\uff0c\u6771\u82f1\u8cc7\u7ba1\u5c07\u7e7c\u7e8c\u81f4\u529b\u65bc\u64f4\u5c55\u884c\u4e4b\u6709\u6548\u7684\u6a21\u5f0f\uff0c\u6df1\u5316\u8207\u6295\u8cc7\u4eba\u7684\u95dc\u4fc2\uff0c\u4e26\u70ba\u6301\u7e8c\u8dd1\u8d0f\u5e02\u5834\u7684\u57fa\u91d1\u7d93\u7406\u63d0\u4f9b\u652f\u63f4\u3002\u901a\u904e\u7d50\u5408\u6a5f\u69cb\u7d1a\u57fa\u790e\u8a2d\u65bd\u3001\u5340\u57df\u6d1e\u5bdf\u529b\u4ee5\u53ca\u4e0d\u65b7\u64f4\u5927\u7684\u5168\u7403\u7db2\u8def\uff0c\u6771\u82f1\u8cc7\u7ba1\u5df2\u84c4\u52e2\u5f85\u767c\uff0c\u52a9\u529b\u8b5c\u5beb\u4e9e\u6d32\u53e6\u985e\u6295\u8cc7\u7248\u5716\u7684\u65b0\u7bc7\u7ae0\u3002 -\u5b8c- \u95dc\u65bc\u6771\u82f1\u6295\u8cc7\u7ba1\u7406\u6709\u9650\u516c\u53f8 (\u6771\u82f1\u8cc7\u7ba1) \u6771\u82f1\u8cc7\u7ba1\u4ee5\u5408\u4f5c\u5925\u4f34\u7684\u8eab\u4efd\u5354\u52a9\u57fa\u91d1\u7d93\u7406\uff0c\u5efa\u7acb\u70ba\u6a5f\u69cb\u548c\u5c08\u696d\u6295\u8cc7\u8005\u958b\u767c\u5275\u65b0\u6027\u7684\u6295\u8cc7\u7b56\u7565\u3002\u6771\u82f1\u8cc7\u7ba1\u7684\u5c0d\u6c96\u57fa\u91d1\u5e73\u53f0\uff0c\u6b63\u5438\u5f15\u8457\u4f86\u81ea\u5168\u7403\u7684\u57fa\u91d1\u7d93\u7406\u548c\u6295\u8cc7\u8005\uff0c\u651c\u624b\u696d\u5167\u9802\u7d1a\u5408\u4f5c\u5925\u4f34\u5011\u5171\u5275\u9583\u8000\u672a\u4f86\u3002 \u6771\u82f1\u8cc7\u7ba1\u70ba\u696d\u5167\u9818\u5148\u7684\u8cc7\u7522\u7ba1\u7406\u516c\u53f8\uff0c\u65bc2004\u5728\u9999\u6e2f\u8a3b\u518a\u6210\u7acb\u3002\u6771\u82f1\u8cc7\u7ba1\u6301\u6709\u9999\u6e2f\u8b49\u5238\u53ca\u671f\u8ca8\u4e8b\u52d9\u76e3\u5bdf\u59d4\u54e1\u6703\uff08\u8b49\u76e3\u6703\uff09\u7684\u7b2c1\u985e\uff08\u8b49\u5238\u4ea4\u6613\uff09\u3001\u7b2c4\u985e\uff08\u5c31\u8b49\u5238\u63d0\u4f9b\u610f\u898b\uff09\u4ee5\u53ca\u7b2c9\u985e\uff08\u63d0\u4f9b\u8cc7\u7522\u7ba1\u7406\uff09\u724c\u7167\uff0c\u5f9e\u4e8b\u300a\u8b49\u5238\u53ca\u671f\u8ca8\u689d\u4f8b\u300b\u898f\u5b9a (Cap.571) \u4e0b\u7684\u53d7\u898f\u7ba1\u696d\u52d9\u6d3b\u52d5\u3002\u6771\u82f1\u8cc7\u7ba1\u50c5\u80fd\u5411\u7b26\u5408\u8cc7\u683c\u7684\u5c08\u696d\u6295\u8cc7\u4eba\u63d0\u4f9b\u670d\u52d9\u3002\u6771\u82f1\u8cc7\u7ba1\u540c\u6642\u70ba\u9999\u6e2f\u6771\u82f1\u91d1\u878d\u96c6\u5718\u6210\u54e1\u3002 \u514d\u8cac\u8072\u660e \u672c\u6587\u4ef6\u7531\u6771\u82f1\u6295\u8cc7\u7ba1\u7406\u6709\u9650\u516c\u53f8\uff08\u300c\u6771\u82f1\u8cc7\u7ba1\u300d\uff09\u7de8\u5236\u3002\u672c\u6587\u4ef6\u53ca\u6771\u82f1\u8cc7\u7ba1\u7db2\u7ad9\uff08www.opim.com.hk\uff09\u4e26\u672a\u7d93\u9999\u6e2f\u8b49\u52b5\u53ca\u671f\u8ca8\u4ea4\u6613\u76e3\u5bdf\u59d4\u54e1\u6703\u5be9\u95b1\u3002\u672c\u6a94\u50c5\u63d0\u4f9b\u8cc7\u8a0a\u4ee5\u4f9b\u53c3\u8003\uff0c\u4e26\u4e0d\u69cb\u6210\u4efb\u4f55\u8b49\u5238\u3001\u671f\u8ca8\u3001\u671f\u6b0a\u6216\u5176\u4ed6\u91d1\u878d\u5de5\u5177\u7684\u8981\u7d04\u3001\u8981\u7d04\u7684\u5fb5\u6c42\u6216\u6295\u8cc7\u5efa\u8b70\u7684\u63a8\u85a6\u3002\u6295\u8cc7\u6d89\u53ca\u98a8\u96aa\u3002\u672c\u6587\u4ef6\u4e2d\u7684\u4efb\u4f55\u5546\u6a19\u3001\u6a19\u8a8c\u548c\u76f8\u95dc\u77e5\u8b58\u7522\u6b0a\u5747\u70ba\u6771\u82f1\u8cc7\u7ba1\u6216\u5176\u4ed6\u5354\u529b\u5ee0\u5546\u6240\u6709\u3002\u904e\u5f80\u8868\u73fe\u53ca\u5c0d\u7d93\u6fdf\u3001\u8b49\u5238\u5e02\u5834\u6216\u5e02\u5834\u7d93\u6fdf\u8d70\u52e2\u7684\u9810\u6e2c\u3001\u63a8\u65b7\u6216\u9810\u5831\uff0c\u4e26\u4e0d\u4ee3\u8868\u6771\u82f1\u8cc7\u7ba1\u6240\u7ba1\u7406\u6216\u5efa\u8b70\u7684\u57fa\u91d1\u6216\u8cec\u6236\u7684\u672a\u4f86\u6216\u53ef\u80fd\u7684\u8868\u73fe\u3002\u96d6\u7136\u6771\u82f1\u8cc7\u7ba1\u76f8\u4fe1\u672c\u6587\u4ef6\u7684\u8cc7\u6599\u5728\u520a\u767c\u6642\u662f\u53ef\u9760\u7684\uff0c\u4f46\u6771\u82f1\u8cc7\u7ba1\u4e0d\u5c31\u5176\u6e96\u78ba\u6027\u6216\u5b8c\u6574\u6027\u4f5c\u51fa\u4fdd\u8b49\uff0c\u4e26\u4e14\u4e0d\u6703\u70ba\u4efb\u4f55\u4e8b\u5be6\u6216\u610f\u898b\u7684\u8aa4\u5dee\u8ca0\u8cac\uff0c\u6216\u70ba\u4efb\u4f55\u4eba\u56e0\u4f9d\u8cf4\u6b64\u7b49\u8cc7\u6599\u800c\u62db\u81f4\u7684\u640d\u5931\u627f\u64d4\u8cac\u4efb\u3002\u672c\u6a94\u6240\u8f09\u7684\u4efb\u4f55\u610f\u898b\u6216\u4f30\u7b97\u8cc7\u6599\u53ef\u80fd\u6703\u4f5c\u51fa\u8b8a\u66f4\uff0c\u4e26\u4e0d\u6703\u4e8b\u524d\u901a\u544a\u3002\u672a\u7d93\u6771\u82f1\u8cc7\u7ba1\u4e8b\u5148\u7684\u66f8\u9762\u540c\u610f\uff0c\u4e0d\u5f97\u520a\u767c\uff0c\u50b3\u95b1\uff0c\u8907\u88fd\u6216\u5206\u6d3e\u672c\u6a94\u7684\u5168\u90e8\u6216\u4efb\u4f55\u90e8\u4efd\u3002","og_url":"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776","og_site_name":"\u9999\u6e2f\u7279\u8a31\u7d93\u71df","article_published_time":"2026-03-09T01:33:00+00:00","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776#article","isPartOf":{"@id":"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776"},"author":{"name":"","@id":""},"headline":"\u6771\u82f1\u8cc7\u7ba12025\u5e74\u518d\u5275\u9ad8\u5cf0\uff1a\u5e73\u53f0\u898f\u6a21\u8207\u6a5f\u69cb\u51c6\u5165\u80fd\u529b\u9f4a\u5275\u65b0\u9ad8","datePublished":"2026-03-09T01:33:00+00:00","dateModified":"2026-03-09T01:33:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776"},"wordCount":15,"publisher":{"@id":"https:\/\/www.franchise.com.hk\/en#organization"},"articleSection":["\u672a\u5206\u985e"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776","url":"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776","name":"\u6771\u82f1\u8cc7\u7ba12025\u5e74\u518d\u5275\u9ad8\u5cf0\uff1a\u5e73\u53f0\u898f\u6a21\u8207\u6a5f\u69cb\u51c6\u5165\u80fd\u529b\u9f4a\u5275\u65b0\u9ad8 - \u9999\u6e2f\u7279\u8a31\u7d93\u71df","isPartOf":{"@id":"https:\/\/www.franchise.com.hk\/en#website"},"datePublished":"2026-03-09T01:33:00+00:00","dateModified":"2026-03-09T01:33:00+00:00","breadcrumb":{"@id":"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.franchise.com.hk\/en\/%e6%9d%b1%e8%8b%b1%e8%b3%87%e7%ae%a12025%e5%b9%b4%e5%86%8d%e5%89%b5%e9%ab%98%e5%b3%b0%ef%bc%9a%e5%b9%b3%e5%8f%b0%e8%a6%8f%e6%a8%a1%e8%88%87%e6%a9%9f%e6%a7%8b%e5%87%86%e5%85%a5%e8%83%bd%e5%8a%9b\/30776#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u9996\u9801","item":"https:\/\/www.franchise.com.hk\/en"},{"@type":"ListItem","position":2,"name":"\u6771\u82f1\u8cc7\u7ba12025\u5e74\u518d\u5275\u9ad8\u5cf0\uff1a\u5e73\u53f0\u898f\u6a21\u8207\u6a5f\u69cb\u51c6\u5165\u80fd\u529b\u9f4a\u5275\u65b0\u9ad8"}]},{"@type":"WebSite","@id":"https:\/\/www.franchise.com.hk\/en#website","url":"https:\/\/www.franchise.com.hk\/en","name":"\u9999\u6e2f\u7279\u8a31\u7d93\u71df","description":"\u9999\u6e2f\u7279\u8a31\u7d93\u71df | Franchise HK","publisher":{"@id":"https:\/\/www.franchise.com.hk\/en#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.franchise.com.hk\/en?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.franchise.com.hk\/en#organization","name":"\u9999\u6e2f\u7279\u8a31\u7d93\u71df","url":"https:\/\/www.franchise.com.hk\/en","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.franchise.com.hk\/en#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.franchise.com.hk\/wp-content\/uploads\/2022\/05\/cropped-cropped-franchise-logo-02-e1652686851566-2.png?fit=350%2C76&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.franchise.com.hk\/wp-content\/uploads\/2022\/05\/cropped-cropped-franchise-logo-02-e1652686851566-2.png?fit=350%2C76&ssl=1","width":350,"height":76,"caption":"\u9999\u6e2f\u7279\u8a31\u7d93\u71df"},"image":{"@id":"https:\/\/www.franchise.com.hk\/en#\/schema\/logo\/image\/"}}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/posts\/30776"}],"collection":[{"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/comments?post=30776"}],"version-history":[{"count":0,"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/posts\/30776\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/media?parent=30776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/categories?post=30776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/tags?post=30776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}