﻿{"id":179220,"date":"2020-06-30T18:26:44","date_gmt":"2020-06-30T10:26:44","guid":{"rendered":"https:\/\/beta2.law.asia\/?p=179220"},"modified":"2022-02-14T09:16:11","modified_gmt":"2022-02-14T01:16:11","slug":"homecoming-us-listed-chinese-stocks","status":"publish","type":"post","link":"https:\/\/beta2.law.asia\/zh-hans\/homecoming-us-listed-chinese-stocks\/","title":{"rendered":"\u4e2d\u6982\u80a1\u56de\u5f52"},"content":{"rendered":"<section id=\"navigation\">\n<p style=\"text-align: justify;\"><span class=\"vantage-grey\"><em><strong>\u7f8e\u80a1\u4e0a\u5e02\u516c\u53f8\u745e\u5e78\u5496\u5561\u8d22\u52a1\u9020\u5047\u4e11\u95fb\u548c\u4e2d\u7f8e\u653f\u6cbb\u7d27\u5f20\u5c40\u52bf\u52a0\u5267\u7684\u60c5\u51b5\u5f53\u524d\uff0c\u4e00\u6ce2\u4e2d\u6982\u80a1\u6b63\u8003\u8651\u79bb\u5f00\u7f8e\u56fd\uff0c\u56de\u5230\u4e0a\u6d77\u548c\u9999\u6e2f\u5bfb\u6c42\u878d\u8d44\u673a\u4f1a\u3002\u8d44\u6df1\u5f8b\u5e08\u5bf9\u6b64\u8fc7\u7a0b\u53ef\u80fd\u6d89\u53ca\u7684\u4ea4\u6613 \u63d0\u4f9b\u4e86\u6df1\u5165\u5206\u6790\uff0c\u4ee5\u52a9\u529b\u56de\u5f52<\/strong><\/em><\/span><\/p>\n<p style=\"margin-bottom: 0px; text-align: justify;\"><span style=\"color: #f9fafa; background-color: #4390cd; padding: 5px;\"><strong>\u5bfc\u822a<\/strong><\/span><\/p>\n<hr style=\"margin-top: 0px; margin-bottom: 0px; color: #4390cd; background-color: #4390cd; height: 3px; border: none;\" \/>\n<table style=\"margin-top: 0px;\">\n<tbody style=\"border: 1px solid transparent; width: 100%; background-color: #4390cd40;\">\n<tr style=\"border: 1px solid transparent;\">\n<td style=\"width: 33%; margin: 0px; padding-top: 5px; padding-bottom: 5px; border-right: 2px solid #ffffff; text-align: center;\" valign=\"top\">\n<p style=\"margin-bottom: 0px; text-align: center;\"><strong><a href=\"#cayman\">\u5f00\u66fc\u7fa4\u5c9b<\/a><\/strong><\/p>\n<\/td>\n<td style=\"width: 33%; margin: 0px; padding-top: 5px; padding-bottom: 5px; border-right: 2px solid #ffffff; text-align: center;\" valign=\"top\">\n<p style=\"margin-bottom: 0px; text-align: center;\"><strong><a href=\"#shanghai\">\u4e0a\u6d77<\/a><\/strong><\/p>\n<\/td>\n<td style=\"width: 33%; margin: 0px; padding-top: 5px; padding-bottom: 5px; border-right: 2px solid #ffffff;\" valign=\"top\">\n<p style=\"margin-bottom: 0px; text-align: center;\"><strong><a href=\"#hongkong\">\u9999\u6e2f<\/a><\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/section>\n<section id=\"cayman\">\n<h1 style=\"text-align: justify;\"><span class=\"vantage-red\"><a href=\"#navigation\"><strong>\u7b80\u6613\u5408\u5e76\u5bf9\u5f00\u66fc\u516c\u53f8\u7684\u5438\u5f15\u529b<\/strong><\/a><\/span><\/h1>\n<p style=\"text-align: justify;\"><span style=\"text-align: justify;\"><span class=\"custom-dropcap-red vantage-red\">\u5728<\/span>\u5f00\u66fc\u7fa4\u5c9b\u6ce8\u518c\u6210\u7acb\u5e76\u5728\u4e3b\u8981\u8bc1\u5238\u4ea4\u6613\u6240\u4e0a\u5e02\u7684\u516c\u4f17\u516c\u53f8\uff0c\u7531\u4e8e\u8d22\u52a1\u3001\u76d1\u7ba1\u7b49\u591a\u65b9\u9762\u539f\u56e0\u800c\u518d\u73b0\u79c1\u6709\u5316\u6d6a\u6f6e\u3002\u4f8b\u5982\uff0c\u7f8e\u56fd\u300a\u5916\u56fd\u516c\u53f8\u95ee\u8d23\u6cd5\u6848\u300b\u89c4\u5b9a\uff0c\u5982\u679c\u516c\u4f17\u516c\u53f8\u4f1a\u8ba1\u76d1\u7763\u59d4\u5458\u4f1a\u8fde\u7eed\u4e09\u5e74\u65e0\u6cd5\u68c0\u67e5\u67d0\u516c\u53f8\u5916\u56fd\u5ba1\u8ba1\u5e08\u7684\u5ba1\u8ba1\u62a5\u544a\uff0c\u5c06\u7981\u6b62\u8be5\u516c\u53f8\u80a1\u4efd\u7684\u4ea4\u6613\uff0c\u800c\u8be5\u6cd5\u6848\u5c24\u5176\u9488\u5bf9\u4e2d\u56fd\u516c\u53f8\u3002<\/span><\/p>\n<figure id=\"attachment_179201\" aria-describedby=\"caption-attachment-179201\" style=\"width: 208px\" class=\"wp-caption alignleft\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-179202\" src=\"https:\/\/beta2.law.asia\/wp-content\/uploads\/2020\/06\/David-Lamb.jpg\" alt=\"stocks\" width=\"208\" height=\"250\" \/><figcaption id=\"caption-attachment-179201\" class=\"wp-caption-text\"><strong>\u6797\u5927\u7ef4<\/strong><br \/>\u5eb7\u5fb7\u660e\u5f8b\u5e08\u4e8b\u52a1\u6240\u8d44\u6df1\u6cd5\u5f8b\u987e\u95ee<\/figcaption><\/figure>\n<p style=\"text-align: justify;\">\u79c1\u6709\u5316\u53ef\u901a\u8fc7\u4e0b\u5217\u65b9\u5f0f\u8fdb\u884c\uff1a(1)\u5168\u9762\u8981\u7ea6\u548c\u5f3a\u5236\u6536\u8d2d\uff1b(2)\u8ba1\u5212\u5b89\u6392\uff1b\u6216(3) \u957f\u5f0f\u6216\u7b80\u6613\u5408\u5e76\u3002<\/p>\n<p style=\"text-align: justify;\">\u81ea2009\u5e74\u5b9e\u65bd\u5408\u5e76\u6761\u6587\u4ee5\u6765\uff0c\u957f\u5f0f\u5408\u5e76\u662f\u7f8e\u56fd\u5e02\u573a\u516c\u53f8\u79c1\u6709\u5316\u7684\u4e3b\u8981\u65b9\u5f0f\u3002\u4f46\u662f\uff0c\u957f\u5f0f\u5408\u5e76\uff08\u81f3\u5c11\u73b0\u91d1\u6324\u51fa\u5f0f\u5408\u5e76\uff09\u4e2d\uff0c\u5f02\u8bae\u80a1\u4e1c\u5411\u5f00\u66fc\u7fa4\u5c9b\u5927\u6cd5\u9662\u7533\u8bf7\u7531\u8be5\u6cd5\u9662\u8bc4\u4f30\u5176\u80a1\u4efd\u7684\u516c\u5141\u4ef7\u503c\u7684\u98ce\u9669\u8f83\u9ad8\u3002<\/p>\n<p style=\"text-align: justify;\">\u7b80\u6613\u5408\u5e76\u53ef\u7531\u4e70\u65b9\u56e2\u6210\u7acb\u4e00\u5bb6\u6536\u8d2d\u8f7d\u4f53\uff08\u6536\u8d2d\u516c\u53f8\uff09\uff0c\u518d\u7531\u6536\u8d2d\u516c\u53f8\u6536\u8d2d\u9644\u5e26\u53ef\u5728\u76ee\u6807\u516c\u53f8\u80a1\u4e1c\u5927\u4f1a\u884c\u4f7f\u7684\u81f3\u5c1190%\u8868\u51b3\u6743\u7684\u80a1\u4efd\u3002\u5c4a\u65f6\uff0c\u6536\u8d2d\u516c\u53f8\u4f1a\u6210\u4e3a\u76ee\u6807\u516c\u53f8\u7684\u6bcd\u516c\u53f8\uff0c\u53ef\u5b9e\u65bd\u7b80\u6613\u5408\u5e76\uff0c\u800c\u76ee\u6807\u516c\u53f8\u6210\u4e3a\u5408\u5e76\u540e\u7684\u5b58\u7eed\u516c\u53f8\u3002<\/p>\n<p style=\"text-align: justify;\">\u6839\u636e\u300a\u516c\u53f8\u6cd5\u300b\u7b2c238(1)\u6761\uff0c\u76ee\u6807\u516c\u53f8\u80a1\u4e1c\u6709\u6743\u83b7\u652f\u4ed8\u5176\u6240\u6301\u80a1\u4efd\u7684\u516c\u5141\u4ef7\u503c\uff0c\u4f46\u524d\u63d0\u6761\u4ef6\u662f\u8be5\u80a1\u4e1c\u5bf9\u5408\u5e76\u63d0\u51fa\u5f02\u8bae\u3002<\/p>\n<p style=\"text-align: justify;\">\u7b80\u6613\u5408\u5e76\u7684\u4f18\u52bf\u5728\u4e8e\u65e0\u9700\u80a1\u4e1c\u6279\u51c6\uff08\u300a\u516c\u53f8\u6cd5\u300b\u7b2c233(7)\u6761\uff09\u3002\u56e0\u6b64\uff0c\u7b80\u6613\u5408\u5e76\u4e0d\u5fc5\u5f81\u6c42\u80a1\u4e1c\u6279\u51c6\uff0c\u800c\u4e14\u6cd5\u5b9a\u7a0b\u5e8f\u8981\u6c42\u4e5f\u4e0e\u957f\u5f0f\u5408\u5e76\u5927\u4e0d\u76f8\u540c\u3002\u5728\u7b80\u6613\u5408\u5e76\u4e2d\uff0c\u80a1\u4e1c\u4e0d\u53ef\u5bf9\u8868\u51b3\u6216\u51b3\u5b9a\u8868\u793a\u201c\u5f02\u8bae\u201d\uff0c\u957f\u5f0f\u5408\u5e76\u4e2d\u884c\u4f7f\u8bc4\u4f30\u6743\u6240\u9700\u8fbe\u5230\u7684\u4efb\u4f55\u5148\u884c\u6761\u4ef6\u5747\u65e0\u6cd5\u6ee1\u8db3\u3002<\/p>\n<p style=\"text-align: justify;\">\u8bc4\u4f30\u6743\u5e76\u975e\u5b64\u7acb\u5b58\u5728\uff0c\u4e0d\u80fd\u51ed\u7a7a\u521b\u9020\u3002\u53ea\u6709\u53c2\u4e0e\u5408\u5e76\u516c\u53f8\u7684\u80a1\u4e1c\uff0c\u5373\u6839\u636e\u300a\u516c\u53f8\u6cd5\u300b\u7b2c38\u6761\u540d\u5217\u516c\u53f8\u80a1\u4e1c\u540d\u518c\u7684\u4eba\u58eb\uff0c\u624d\u4eab\u6709\u8bc4\u4f30\u6743\u3002\u7f8e\u56fd\u5b58\u6258\u80a1\u4efd\uff08ADS\uff09\u6216\u5b58\u6258\u51ed\u8bc1\u7684\u6301\u6709\u4eba\u4e0d\u5728\u6b64\u5217\u3002<\/p>\n<p style=\"text-align: justify;\">\u6536\u8d2d\u65b9\u53d6\u5f9790%\u7684\u80a1\u4efd\u540e\u53ef\u884c\u4f7f\u7b80\u6613\u5408\u5e76\u7684\u6cd5\u5b9a\u6743\u5229\uff0c\u5c0f\u80a1\u4e1c\u867d\u6709\u8868\u51b3\u6743\u4f46\u65e0\u8bc4\u4f30\u6743\uff0c\u800c\u5728\u5168\u9762\u8981\u7ea6\u540e\u5f3a\u5236\u6536\u8d2d\uff0890%\u63a5\u53d7\uff09\u548c\u8ba1\u5212\u5b89\u6392\uff08\u6301\u6709\u8ba1\u5212\u80a1\u4efd\u9762\u503c\u768475%\u800c\u4e14\u4eba\u6570\u8fc7\u534a\u7684\u80a1\u4e1c\u6279\u51c6\uff09\u8fd9\u4e24\u79cd\u65b9\u5f0f\u4e2d\uff0c\u5c0f\u80a1\u4e1c\u540c\u6837\u6ca1\u6709\u8bc4\u4f30\u6743\u3002<\/p>\n<p style=\"text-align: justify;\">\u66fe\u6709\u4e00\u6bb5\u65f6\u671f\uff0c\u8bc4\u4f30\u88c1\u51b3\u53ef\u6309\u5408\u5e76\u5bf9\u4ef7\u7684235%\u4f5c\u51fa\uff08\u76db\u5927\u6e38\u620f\u6848\uff0c\u7f16\u53f7\uff1a2016\u5e74FSD\u7b2c14\u53f7\uff0c\u672a\u7ecf\u767b\u8f7d\uff0c\u5224\u51b3\u65e5\u671f\uff1a2017\u5e744\u670825\u65e5\uff09\u3002\u8fd9\u6bb5\u4ee4\u4eba\u56f0\u60d1\u7684\u65f6\u671f\u8fc7\u53bb\u540e\uff0c\u6700\u8fd1\u7684\u51e0\u8d77\u8bc4\u4f30\u88c1\u51b3\u6216\u8bb8\u8ba9\u4eba\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u56de\u5230\u4e86\u73b0\u5b9e\uff1a\u5176\u4e2d\u4e00\u5b97\u6848\u4ef6\u4e2d\uff0c\u6cd5\u9662\u88c1\u5b9a\u7684\u516c\u5141\u4ef7\u503c\u4ec5\u6bd4\u5408\u5e76\u5bf9\u4ef7\u9ad81.2%\uff08\u53bb\u54ea\u513f\u7f51\u6848\uff0c\u7f16\u53f7\uff1a2019 (1) CILR 611\uff09\uff0c\u800c\u4e14\uff0c\u6cd5\u9662\u8fd8\u88c1\u5b9a\u53ef\u5bf9\u5c0f\u80a1\u4e1c\u9002\u7528\u4e00\u5b9a\u6298\u6263\uff08Maso Capital Investments Ltd\u7b49v.\u76db\u5927\u6e38\u620f\u6848\uff0c\u7f16\u53f7\uff1a[2020] UKPC 2\uff09\u3002\u4f46\u662f\uff0c\u6b63\u5982\u6211\u4eec\u4e00\u76f4\u6240\u5f3a\u8c03\u7684\uff0c\u6bcf\u9879\u516c\u5141\u4ef7\u503c\u88c1\u51b3\u5728\u5f88\u5927\u7a0b\u5ea6\u4e0a\u53d6\u51b3\u4e8e\u672c\u8eab\u7684\u4e8b\u5b9e\uff0c\u4ee5\u53ca\u4f30\u503c\u4e13\u5bb6\u5bf9\u6bcf\u5b97\u6848\u4ef6\u4e2d\u7684\u4f30\u503c\u6a21\u578b\u6216\u5176\u7ec4\u6210\u90e8\u5206\u7684\u8ba4\u53ef\u6216\u4e0d\u8ba4\u53ef\uff0c\u4f30\u503c\u6848\u4ef6\u4e0d\u4e00\u5b9a\u53ef\u4ee5\u4f5c\u4e3a\u53ef\u501f\u9274\u7684\u5148\u4f8b\u3002<\/p>\n<p style=\"text-align: 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justify;\">\u7ebd\u4ea4\u6240\uff08NYSE\uff09\u4e0a\u5e02\u7684\u805a\u7f8e\u4f18\u54c1\u7684\u79c1\u6709\u5316\u662f\u7b80\u6613\u5408\u5e76\u7684\u4e00\u4e2a\u4f8b\u5b50\u3002\u4e5f\u66fe\u6709\u5176\u5b83\u516c\u4f17\u516c\u53f8\u8fdb\u884c\u8fc7\u7b80\u6613\u5408\u5e76\uff0c\u4f46\u805a\u7f8e\u4f18\u54c1\u7684\u4ea4\u6613\u662f\u5f00\u66fc\u7fa4\u5c9b\u7684\u9996\u5b97\u4e24\u6b65\u5f0f\u5408\u5e76\u3002<\/p>\n<p style=\"text-align: justify;\">\u805a\u7f8e\u4f18\u54c1\u91c7\u7528\u53cc\u91cd\u80a1\u6743\u7ed3\u6784\uff0c\u5176\u4e2d\u4e70\u65b9\u56e2\u6301\u6709\u7684\u662fB\u7c7b\u80a1\u4efd\uff08\u6bcf\u80a110\u7968\u8868\u51b3\u6743\uff09\uff0c\u7ea6\u5360\u5df2\u53d1\u884c\u80a1\u4efd\u768444.6%\uff0c\u5e76\u9644\u5e26\u53ef\u5728\u80a1\u4e1c\u5927\u4f1a\u4e0a\u884c\u4f7f\u768488.9%\u7684\u8868\u51b3\u6743\u3002<\/p>\n<p style=\"text-align: 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justify;\">\u5bf9\u4e8e\u805a\u7f8e\u4f18\u54c1\u5728\u7ebd\u4ea4\u6240\u7684\u7f8e\u56fd\u5b58\u6258\u80a1\u4efd\uff0c\u8981\u7ea6\u4ef7\u683c\u6bd4\u5176\u5728\u79c1\u6709\u5316\u65b9\u6848\u5ba3\u5e03\u524d\u6700\u540e\u4e00\u4e2a\u4ea4\u6613\u65e5\u7684\u6536\u76d8\u4ef7\u9ad814.7%\uff0c\u6bd4\u5176\u5728\u5408\u5e76\u534f\u8bae\u7b7e\u7f72\u524d\u6700\u540e\u4e00\u4e2a\u4ea4\u6613\u65e5\u7684\u6536\u76d8\u4ef7\u9ad829.3%\u3002<\/p>\n<p style=\"text-align: justify;\">\u8981\u7ea6\u6536\u8d2d\u5b8c\u6210\u540e\uff0c\u672a\u6839\u636e\u8981\u7ea6\u4ea4\u51fa\u7684\u5269\u4f59\u80a1\u4efd\u5728\u7b80\u6613\u5408\u5e76\uff08\u7b2c\u4e8c\u6b65\uff09\u4e2d\u6309\u8981\u7ea6\u4ef7\u683c\u6ce8\u9500\uff0c\u4e0d\u9002\u7528\u8bc4\u4f30\u6743\u3002\u4e24\u6b65\u5f0f\u7b80\u6613\u5408\u5e76\u6210\u4e3a\u4e86\u4e00\u79cd\u98ce\u6f6e\u3002<\/p>\n<p style=\"text-align: justify;\"><span class=\"vantage-grey\"><em>\u6797\u5927\u7ef4\uff08David Lamb\uff09\u662f\u5eb7\u5fb7\u660e\u5f8b\u5e08\u4e8b\u52a1\u6240\u8d44\u6df1\u6cd5\u5f8b\u987e\u95ee\uff0c\u5728\u805a\u7f8e\u4f18\u54c1\u79c1\u6709\u5316\u4ea4\u6613\u4e2d\u62c5\u4efb\u4e70\u65b9\u56e2\u7684\u5f00\u66fc\u7fa4\u5c9b\u9996\u5e2d\u6cd5\u5f8b\u987e\u95ee\u3002\u5176\u8054\u7cfb\u65b9\u5f0f\u4e3a\u7535\u8bdd+852 6469 3377\u4ee5\u53ca\u7535\u90aedavid.lamb@conyers.com<\/em><\/span><\/p>\n<\/section>\n<section id=\"shanghai\">\n<hr \/>\n<h1 style=\"text-align: justify;\"><span class=\"vantage-red\"><a href=\"#navigation\"><strong>VIE\u67b6\u6784\u516c\u53f8\u7684\u7ea2\u7b79\u56de\u5f52\u4e0e\u8d44\u8d28<\/strong><\/a><\/span><\/h1>\n<p style=\"text-align: justify;\"><span style=\"text-align: justify;\"><span class=\"custom-dropcap-red vantage-red\">\u8fd1<\/span>\u65e5\uff0c\u4e94\u5e74\u524d\u7ea2\u6781\u4e00\u65f6\u7684\u62c6\u9664VIE\u67b6\u6784\u76f8\u5173\u95ee\u9898\u53c8\u83b7\u5173\u6ce8\u3002\u4e00\u65b9\u9762\uff0c\u5883\u5185\u8d44\u672c\u5e02\u573a\u5bf9\u4f01\u4e1a\u7684\u5438\u5f15\u529b\u4e0a\u5347\uff0c\u79d1\u521b\u677f\u5f00\u677f\u826f\u597d\u7684\u8d22\u5bcc\u6548\u5e94\u3001\u521b\u4e1a\u677f\u6ce8\u518c\u5236\u7684\u63a8\u52a8\u3001\u65b0\u51a0\u75ab\u60c5\u4e4b\u4e0b\u6709\u97e7\u52b2\u7684\u4f30\u503c\uff0c\u4f7f\u5f97\u5883\u5185A\u80a1\u5e02\u573a\u6210\u4e3a\u5168\u7403\u8d44\u672c\u5e02\u573a\u7684\u907f\u98ce\u826f\u6e2f\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u6d77\u5916\u75ab\u60c5\u5c1a\u672a\u5f97\u5230\u63a7\u5236\uff0c\u745e\u5e78\u5496\u5561\u4e8b\u4ef6\u5f15\u8d77\u4e2d\u6982\u80a1\u4fe1\u4efb\u5371\u673a\uff0c\u5728\u4e2d\u7f8e\u4e4b\u95f4\u6218\u7565\u5173\u7cfb\u8131\u94a9\u5df2\u4e0d\u53ef\u9006\u8f6c\u7684\u80cc\u666f\u4e4b\u4e0b\uff0c\u7ea2\u7b79\u67b6\u6784\u4f01\u4e1a\u7684\u8d74\u7f8e\u4e0a\u5e02\u4e4b\u8def\u582a\u5fe7\uff0c\u800c\u4ec5\u5b58\u7684\u9999\u6e2f\u5e02\u573a\u76ee\u524d\u975e\u5e38\u62e5\u6324\uff0c\u56e0\u6b64\u62c6\u9664VIE\u56de\u5f52\u4e8b\u5b9c\u518d\u53d7\u5173\u6ce8\u3002<\/span><\/p>\n<style>.iblj-only, .cblj-only, .ablj-only {\r\n    display: none;\r\n}\r\n\r\n#td-outer-wrap.ABLJ .ablj-only{\r\n    display: inline;\r\n}\r\n\r\n#td-outer-wrap.CBLJ .cblj-only{\r\n    display: inline;\r\n}\r\n\r\n#td-outer-wrap.IBLJ .iblj-only{\r\n    display: inline;\r\n}\r\n\r\n#td-outer-wrap.ABLJ .general-link, #td-outer-wrap.CBLJ .general-link, #td-outer-wrap.IBLJ .general-link {\r\n    display: none;\r\n}\r\n\r\n\r\n.zh-only .general-link, #td-outer-wrap.CBLJ .zh-only .cblj-only{\r\n    display: inline;\r\n}\r\n\r\n.zh-only .cblj-only , #td-outer-wrap.CBLJ .zh-only .general-link{\r\n    display: none;\r\n}\r\n\r\n.ihc_locker_1 p {\r\n    font-size: 20px;\r\n    line-height: 32px;\r\n}<\/style><div class=\"ihc-locker-wrap\"><div style='max-width:640px; margin:auto; ' class='ihc_locker_1'>\n\t\t\t\t\t\t\t<div><p><h2 class=\"en-only\" style=\"font-size: 25px\">\r\n    You must be a\r\n    <a\r\n        class=\"vantage-orange ablj-only\"\r\n        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Please <a href=\"\/contact-us\/\">contact us<\/a>.<\/p>\r\n<\/h2>\r\n<h2 class=\"zh-only\" style=\"font-size: 25px\">\r\n    \u4f60\u9700\u8981\u767b\u5f55\u53bb\u89e3\u9501\u672c\u6587\u5185\u5bb9\u3002\u6b22\u8fce<a\r\n        class=\"vantage-orange\"\r\n        href=\"\/subscription-register\/?p=cblj\"\r\n        >\u6ce8\u518c\u8d26\u53f7<\/a\r\n    >\u3002\u5982\u679c\u60f3\u9605\u8bfb\u6708\u520a\u6240\u6709\u6587\u7ae0\uff0c\u6b22\u8fce<a\r\n        class=\"general-link vantage-orange\"\r\n        href=\"\/knowledge-store-subscription\/\"\r\n        >\u6210\u4e3a\u6211\u4eec\u7684\u8ba2\u9605\u4f1a\u5458<\/a\r\n    ><a\r\n        class=\"cblj-only vantage-orange\"\r\n        href=\"\/cblj-subscribe\/?utm_source=WP&utm_medium=lock&utm_campaign=paywall\"\r\n        >\u6210\u4e3a\u6211\u4eec\u7684\u8ba2\u9605\u4f1a\u5458<\/a\r\n    >\u3002\r\n<br>\r\n<br>\r\n<p>\u5df2\u6709\u96c6\u56e2\u8ba2\u9605\uff0c\u53ef<a 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