{"id":641639,"date":"2025-11-14T17:31:42","date_gmt":"2025-11-14T09:31:42","guid":{"rendered":"https:\/\/law.asia\/?p=641639"},"modified":"2025-12-05T18:35:37","modified_gmt":"2025-12-05T10:35:37","slug":"mapping-asias-private-equity-outlook","status":"publish","type":"post","link":"https:\/\/law.asia\/zh-hans\/mapping-asias-private-equity-outlook\/","title":{"rendered":"\u4e9a\u6d32\u79c1\u52df\u80a1\u6743\u5e02\u573a\u5c55\u671b"},"content":{"rendered":"<p><span class=\"vantage-grey\"><em><strong>\u4e13\u5bb6\u89e3\u6790\u76d1\u7ba1\u52a8\u5411\uff1a\u52a9\u529b\u5730\u533a\u79c1\u52df\u80a1\u6743\u5e02\u573a\u6301\u7eed\u5438\u5f15\u8d44\u672c<\/strong><\/em><\/span><\/p>\n<div id=\"navigation\">\n<table style=\"margin-top: 0px; width: 100%; overflow: hidden;\">\n<tbody>\n<tr style=\"display: flex; flex-wrap: wrap;\">\n<td style=\"width: 25%; border-right: 2px solid #ffffff; text-align: center; display: flex; align-items: center; justify-content: center; flex: 1; background: #bca577; border-top: 2px solid #fff; border-radius: 10px; box-shadow: 0px 4px 6px rgba(0, 0, 0, 0.1);\" valign=\"middle\">\n<p style=\"margin: 0; padding: 10px 0;\"><a href=\"https:\/\/law.asia\/zh-hans\/opportune-time-opportune-growth-private-equity-india\/\"><span style=\"color: #ffffff; font-size: clamp(.9rem, 2.5vw, 1.125rem);\"><span style=\"color: #ffffff; text-shadow: 1px 1px 2px #000000;\"><b>\u5370\u5ea6<\/b><\/span><\/span><\/a><\/p>\n<\/td>\n<td style=\"width: 25%; border-right: 2px solid #ffffff; text-align: center; display: flex; align-items: center; justify-content: center; flex: 1; background: #bca577; border-top: 2px solid #fff; border-radius: 10px; box-shadow: 0px 4px 6px rgba(0, 0, 0, 0.1);\" valign=\"middle\">\n<p style=\"margin: 0; padding: 10px 0;\"><a href=\"https:\/\/law.asia\/zh-hans\/laws-regulations-private-equity-fund-regulations-japan\/\"><span style=\"color: #ffffff; font-size: clamp(.9rem, 2.5vw, 1.125rem);\"><span style=\"color: #ffffff; text-shadow: 1px 1px 2px #000000;\"><b>\u65e5\u672c<\/b><\/span><\/span><\/a><\/p>\n<\/td>\n<td style=\"width: 25%; border-right: 2px solid #ffffff; text-align: center; display: flex; align-items: center; justify-content: center; flex: 1; background: #bca577; border-top: 2px solid #fff; border-radius: 10px; box-shadow: 0px 4px 6px rgba(0, 0, 0, 0.1);\" valign=\"middle\">\n<p style=\"margin: 0; padding: 10px 0;\"><a href=\"https:\/\/law.asia\/zh-hans\/evolution-private-equity-market-taiwan\/\"><span style=\"color: #ffffff; font-size: clamp(.9rem, 2.5vw, 1.125rem);\"><span style=\"color: #ffffff; text-shadow: 1px 1px 2px #000000;\"><b>\u53f0\u6e7e<\/b><\/span><\/span><\/a><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<h2 style=\"text-align: justify;\"><span style=\"color: #bca577;\"><strong>\u6070\u9022\u5176\u65f6\u7684\u673a\u9047\uff0c\u5f3a\u52b2\u7684\u589e\u957f\uff1a\u5370\u5ea6\u7684\u79c1\u52df\u80a1\u6743\u5e02\u573a<\/strong><\/span><\/h2>\n<p style=\"text-align: justify;\">\u591a\u5e74\u6765\uff0c\u5370\u5ea6\u4e00\u76f4\u88ab\u89c6\u4e3a\u4e00\u4e2a\u5373\u5c06\u8fce\u6765\u79c1\u4eba\u80a1\u6743\u6295\u8d44\u9ad8\u901f\u589e\u957f\u7684\u5e02\u573a\u3002\u8fd9\u4e00\u613f\u666f\u5982\u4eca\u5df2\u7136\u6210\u4e3a\u73b0\u5b9e\u3002\u5982\u4eca\uff0c\u5168\u7403\u6295\u8d44\u8005\u90fd\u5c06\u5370\u5ea6\u89c6\u4e3a\u6838\u5fc3\u5e03\u5c40\u7684\u6295\u8d44\u5e02\u573a\uff0c\u800c\u975e\u8fb9\u7f18\u6027\u7684\u6295\u673a\u9009\u62e9\u3002\u653f\u7b56\u7684\u660e\u786e\u6027\u3001\u5e02\u573a\u7684\u6df1\u5ea6\u4ee5\u53ca\u5370\u5ea6\u4f01\u4e1a\u5bb6\u63a8\u8fdb\u516c\u53f8\u5236\u5ea6\u5316\u5efa\u8bbe\u7684\u610f\u613f\u7b49\u56e0\u7d20\u7684\u7ed3\u5408\uff0c\u5171\u540c\u8425\u9020\u4e86\u4e00\u4e2a\u6d3b\u8dc3\u3001\u7a33\u5065\u4e14\u65e5\u76ca\u6210\u719f\u7684\u6295\u8d44\u73af\u5883\u3002<\/p>\n<figure id=\"attachment_634099\" aria-describedby=\"caption-attachment-634099\" style=\"width: 200px\" class=\"wp-caption alignright\"><img class=\"wp-image-634099 size-full\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2025\/11\/Cyril-Shroff-CAM.png\" alt=\"Cyril Shroff-\" width=\"200\" height=\"250\" \/><figcaption id=\"caption-attachment-634099\" class=\"wp-caption-text\"><strong>Cyril Shroff<\/strong> <br \/>\u7ba1\u7406\u5408\u4f19\u4eba<br \/>Cyril Amarchand Mangaldas<br \/>\u5b5f\u4e70\u529e\u516c\u5ba4<br \/>\u7535\u8bdd: +91 22 2496 4455 <br \/>\u90ae\u7bb1: <a href=\"mailto:cyril.shroff@cyrilshroff.com\">cyril.shroff@cyrilshroff.com <\/a><\/figcaption><\/figure>\n<p style=\"text-align: justify;\">\u5370\u5ea6\u4f01\u4e1a\u7684\u683c\u5c40\u4e5f\u53d1\u751f\u4e86\u6839\u672c\u6027\u7684\u53d8\u5316\u3002\u8fc7\u53bb\u7531\u5bb6\u65cf\u4f01\u4e1a\u4e0e\u8de8\u56fd\u516c\u53f8\u4e3b\u5bfc\u7684\u5546\u4e1a\u7248\u56fe\uff0c\u5982\u4eca\u6b63\u8f6c\u53d8\u4e3a\u7531\u79c1\u52df\u80a1\u6743\u4f5c\u4e3a\u4e3b\u8981\u9a71\u52a8\u529b\u3002<\/p>\n<p style=\"text-align: justify;\">\u63a8\u52a8\u8fd9\u4e00\u8f6c\u53d8\u7684\u56e0\u7d20\u6709\u8bb8\u591a\uff1a\u5370\u5ea6\u7684\u57fa\u7840\u8bbe\u65bd\u9700\u6c42\u3001\u5e9e\u5927\u7684\u6d88\u8d39\u7fa4\u4f53\u3001\u91d1\u878d\u670d\u52a1\u4e1a\u7684\u6269\u5f20\uff0c\u4ee5\u53ca\u4f01\u4e1a\u5bb6\u65cf\u9762\u4e34\u7684\u63a5\u73ed\u6311\u6218\uff0c\u8fd9\u4e9b\u90fd\u4fc3\u4f7f\u4f01\u4e1a\u5bb6\u65cf\u8003\u8651\u9000\u51fa\u6216\u9010\u6b65\u8ba9\u6e21\u4f01\u4e1a\u7684\u8fd0\u8425\u63a7\u5236\u6743\u3002<\/p>\n<p style=\"text-align: justify;\">\u7136\u800c\uff0c\u8fd9\u53ea\u662f\u4e00\u4e2a\u8d77\u70b9\u3002\u7eb3\u4f26\u5fb7\u62c9\u00b7\u83ab\u8fea\u603b\u7406\u63d0\u51fa\u7684\u201c\u7e41\u8363\u5370\u5ea6\u201d\u613f\u666f\uff0c\u52302047\u5e74\u4f7f\u5370\u5ea6\u6210\u4e3a\u4e00\u4e2a\u7ecf\u6d4e\u89c4\u6a21\u8fbe30\u4e07\u4ebf\u7f8e\u5143\u7684\u53d1\u8fbe\u56fd\u5bb6\uff0c\u5c06\u9700\u8981\u524d\u6240\u672a\u6709\u7684\u8d44\u672c\u6295\u5165\u3002<\/p>\n<p style=\"text-align: justify;\">\u79c1\u52df\u80a1\u6743\u884c\u4e1a\u6b63\u597d\u5904\u4e8e\u8fd9\u4e00\u8fdb\u7a0b\u4e2d\u53d1\u6325\u50ac\u5316\u4f5c\u7528\u7684\u72ec\u7279\u4f4d\u7f6e\u3002\u8fd9\u4e0d\u4ec5\u5173\u4e4e\u8d44\u672c\uff0c\u66f4\u6d89\u53ca\u516c\u53f8\u6cbb\u7406\u3001\u8fd0\u8425\u6df1\u5ea6\u548c\u6218\u7565\u7eaa\u5f8b\u3002\u968f\u7740\u5370\u5ea6\u671d\u7740\u8fd9\u4e00\u76ee\u6807\u8fc8\u8fdb\uff0c\u79c1\u52df\u80a1\u6743\u6295\u8d44\u6240\u9762\u4e34\u7684\u673a\u9047\u89c4\u6a21\u53ef\u80fd\u662f\u53d8\u9769\u6027\u7684\u3002<\/p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #bca577;\"><strong>2025<\/strong><strong>\u5e74\u8fc4\u4eca\u52a8\u6001<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\">\u5c3d\u7ba1\u5168\u7403\u4ecd\u9762\u4e34\u4e0e\u7f8e\u56fd\u5927\u9009\u548c\u5173\u7a0e\u653f\u7b56\u76f8\u5173\u7684\u4e0d\u786e\u5b9a\u6027\uff0c\u4f46\u5370\u5ea6\u79c1\u52df\u80a1\u6743\u5e02\u573a\u5728 2025 \u5e74\u5f00\u5c40\u7a33\u5065\u3002\u5e02\u573a\u4ecd\u79ef\u7d2f\u4e86\u5927\u91cf\u7684\u5f85\u6295\u8d44\u8d44\u91d1\uff0c\u524d\u4e24\u4e2a\u5b63\u5ea6\u5728\u4e00\u7ea7\u5e02\u573a\u6295\u8d44\u3001\u4e8c\u7ea7\u5e02\u573a\u4ea4\u6613\u548c\u9000\u51fa\u65b9\u9762\u90fd\u8868\u73b0\u6d3b\u8dc3\u3002\u79d1\u6280\u3001\u6d88\u8d39\u3001\u91d1\u878d\u670d\u52a1\u548c\u533b\u7597\u4fdd\u5065\u884c\u4e1a\u7ee7\u7eed\u4e3b\u5bfc\u884c\u4e1a\u914d\u7f6e\uff0c\u8fd9\u51f8\u663e\u4e86\u6295\u8d44\u8005\u6240\u91cd\u7684\u957f\u671f\u4ef7\u503c\u6240\u5728\u3002<\/p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #bca577;\"><strong>\u65b0\u7684\u63a7\u5236\u6760\u6746<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\">\u79c1\u52df\u80a1\u6743\u6295\u8d44\u8005\u4fe1\u5fc3\u589e\u5f3a\u7684\u4e00\u4e2a\u660e\u663e\u8ff9\u8c61\u662f\u5e73\u53f0\u4ea4\u6613\u548c\u63a7\u5236\u6743\u4ea4\u6613\u7684\u589e\u591a\u3002\u957f\u671f\u4ee5\u6765\uff0c\u5370\u5ea6\u4e3b\u8981\u662f\u5c11\u6570\u80a1\u6743\u6295\u8d44\u5e02\u573a\u3002\u4f46\u8fd9\u79cd\u5c40\u9762\u5df2\u53d1\u751f\u51b3\u5b9a\u6027\u53d8\u5316\u3002\u5982\u4eca\uff0c\u63a7\u5236\u6743\u548c\u5171\u540c\u63a7\u5236\u6743\u4ea4\u6613\u6210\u4e3a\u4e86\u5e02\u573a\u7126\u70b9\uff0c\u8fd9\u5f97\u76ca\u4e8e\u6295\u8d44\u8005\u5bf9\u76d1\u7ba1\u89c4\u5b9a\u7684\u9002\u5e94\u3001\u6cd5\u5f8b\u6846\u67b6\u7684\u65e5\u76ca\u5b8c\u5584\uff0c\u4ee5\u53ca\u4f01\u4e1a\u521b\u59cb\u4eba\u8d8a\u6765\u8d8a\u613f\u610f\u63a8\u8fdb\u4f01\u4e1a\u5236\u5ea6\u5316\u5efa\u8bbe\u3002<\/p>\n<p style=\"text-align: justify;\">\u57fa\u91d1\u7ba1\u7406\u4eba\u6b63\u5728\u5bfb\u6c42\u63a7\u5236\u6743\uff0c\u4ee5\u6253\u9020\u53ef\u6269\u5c55\u7684\u5e73\u53f0\u3001\u63d0\u5347\u516c\u53f8\u4e13\u4e1a\u5316\u6c34\u5e73\uff0c\u5e76\u63a8\u8fdb\u8ffd\u52a0\u6536\u8d2d\u3002\u8fd9\u79cd\u505a\u6cd5\u4f7f\u6240\u6709\u6743\u4e0e\u8fd0\u8425\u7b56\u7565\u7d27\u5bc6\u7ed3\u5408\u3002\u516c\u5f00\u5e02\u573a\u9000\u51fa\u7684\u53ef\u884c\u6027\u4e0d\u65ad\u589e\u5f3a\uff0c\u4e3a\u5e02\u573a\u6ce8\u5165\u66f4\u591a\u52a8\u529b\u3002\u5bf9\u4e8e\u8bb8\u591a\u5168\u7403\u6295\u8d44\u8005\u800c\u8a00\uff0c\u5bf9\u5370\u5ea6\u7684\u8d44\u4ea7\u914d\u7f6e\u5df2\u4e0d\u518d\u662f\u53ef\u9009\u9879\uff0c\u800c\u662f\u5fc5\u4e0d\u53ef\u5c11\u7684\u4e00\u73af\u3002<\/p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #bca577;\"><strong>\u76d1\u7ba1\u6846\u67b6<\/strong><\/span><\/h3>\n<figure id=\"attachment_634114\" aria-describedby=\"caption-attachment-634114\" style=\"width: 200px\" class=\"wp-caption alignright\"><img class=\"wp-image-634114 size-full\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2025\/11\/Aditi-Manchanda.jpg\" alt=\"Aditi Manchanda\" width=\"200\" height=\"250\" \/><figcaption id=\"caption-attachment-634114\" class=\"wp-caption-text\"><strong>Aditi Manchanda<\/strong> <br \/>\u5408\u4f19\u4eba<br \/>Cyril Amarchand Mangaldas<br \/>\u5b5f\u4e70\u529e\u516c\u5ba4<br \/>\u7535\u8bdd: +91 22 2496 4455 <br \/>\u90ae\u7bb1: <a href=\"mailto:aditi.manchanda@cyrilshroff.com\">aditi.manchanda@cyrilshroff.com <\/a><\/figcaption><\/figure>\n<p style=\"text-align: justify;\">\u76d1\u7ba1\u653f\u7b56\u7684\u8c03\u6574\u8d77\u5230\u4e86\u5173\u952e\u7684\u63a8\u52a8\u4f5c\u7528\u3002\u5728\u8fc7\u53bb\u5341\u5e74\u4e2d\uff0c\u5927\u591a\u6570\u884c\u4e1a\u7684\u5916\u8d44\u6295\u8d44\u5df2\u8f6c\u5411\u81ea\u52a8\u5ba1\u6279\u673a\u5236\uff0c\u5141\u8bb8 100%\u7684\u5916\u8d44\u6295\u5165\uff0c\u6216\u8005\u5728\u653e\u5bbd\u7684\u9650\u989d\u5185\u81ea\u52a8\u83b7\u6279\u3002\u5982\u4eca\uff0c\u5370\u5ea6\u5927\u90e8\u5206\u884c\u4e1a\u90fd\u5141\u8bb8\u901a\u8fc7\u81ea\u52a8\u5ba1\u6279\u673a\u5236\u5b9e\u73b0100%\u7684\u5916\u56fd\u76f4\u63a5\u6295\u8d44\uff0c\u53ea\u6709\u7279\u5b9a\u884c\u4e1a\u5728\u63a5\u6536\u5916\u8d44\u65f6\u9700\u8981\u653f\u5e9c\u5ba1\u6279\u3002<\/p>\n<p style=\"text-align: justify;\">\u654f\u611f\u9886\u57df\u4e5f\u5df2\u9010\u6b65\u5f00\u653e\uff1a\u56fd\u9632\u9886\u57df\u53ef\u81ea\u52a8\u5f15\u5165\u5916\u8d44\u81f374%\uff1b\u822a\u5929\u9886\u57df\u7684\u5916\u8d44\u6bd4\u4f8b\u4ecb\u4e8e49%\u81f3100%\u4e4b\u95f4\uff0c\u5177\u4f53\u6bd4\u4f8b\u53d6\u51b3\u4e8e\u5b50\u884c\u4e1a\uff1b\u7535\u4fe1\u9886\u57df\u5219\u5b9e\u73b0\u4e86\u5b8c\u5168\u81ea\u7531\u5316\u3002\u4fdd\u9669\u884c\u4e1a\u57282021\u5e74\u4ece49%\u63d0\u9ad8\u5230\u4e8674%\uff0c\u653f\u5e9c\u8fd8\u63d0\u8bae\u5728\u7279\u5b9a\u6761\u4ef6\u4e0b\u5141\u8bb8 100%\u7684\u5916\u8d44\u8fdb\u5165\u3002\u8fd9\u79cd\u6301\u7eed\u7684\u81ea\u7531\u5316\u8fdb\u7a0b\u4e3a\u5916\u56fd\u6295\u8d44\u8005\u63d0\u4f9b\u4e86\u53ef\u9884\u6d4b\u6027\uff0c\u5e76\u589e\u5f3a\u4e86\u4ed6\u4eec\u5bf9\u5370\u5ea6\u76d1\u7ba1\u73af\u5883\u7684\u4fe1\u5fc3\u3002<\/p>\n<p style=\"text-align: justify;\">\u9664\u4e86\u884c\u4e1a\u5f00\u653e\u4e3a\u5916\u56fd\u6295\u8d44\u8005\u63d0\u4f9b\u4fbf\u5229\u4e4b\u5916\uff0c\u8bb8\u591a\u8fd1\u671f\u7684\u9488\u5bf9\u6027\u6539\u9769\u4e5f\u5c06\u5bf9\u5916\u56fd\u548c\u56fd\u5185\u6295\u8d44\u8005\u5982\u4f55\u8fdb\u884c\u4ea4\u6613\u7684\u7ed3\u6784\u548c\u6267\u884c\u65b9\u5f0f\u4e0a\u8d77\u5230\u5173\u952e\u4f5c\u7528\u3002<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul style=\"text-align: justify; list-style-type: disc;\">\n<li><strong>\u6760\u6746\u6536\u8d2d\u3002<\/strong>2025\u5e7410\u6708\uff0c\u5370\u5ea6\u50a8\u5907\u94f6\u884c\uff08RBI\uff09\u63d0\u8bae\u5728\u4e0a\u5e02\u9886\u57df\u5f15\u5165\u4e00\u4e2a\u6846\u67b6\uff0c\u5141\u8bb8\u5370\u5ea6\u94f6\u884c\u4e3a\u56fd\u5185\u4f01\u4e1a\u7684\u6536\u8d2d\u63d0\u4f9b\u8d44\u91d1\u3002\u8fd9\u662f\u4e00\u9879\u91cd\u8981\u8fdb\u5c55\uff0c\u5982\u679c\u6267\u884c\u5f97\u5f53\uff0c\u6709\u671b\u89e3\u9501\u5386\u6765\u5728\u5176\u4ed6\u5e02\u573a\u63a8\u52a8\u6536\u8d2d\u4ea4\u6613\u7684\u7ed3\u6784\u3002<\/li>\n<li><strong>\u5bf9\u5916\u76f4\u63a5\u6295\u8d44\u548c\u80a1\u7968\u4e92\u6362<\/strong>\u3002\u6839\u636e\u300a\u5916\u6c47\u7ba1\u7406\u6cd5\u300b\uff0c\u8fd1\u671f\u5bf9\u6d77\u5916\u76f4\u63a5\u6295\u8d44\uff08ODI\uff09\u89c4\u5b9a\u7684\u4fee\u8ba2\u73b0\u5df2\u5141\u8bb8\u5c45\u6c11\u548c\u975e\u5c45\u6c11\u4e4b\u95f4\u8fdb\u884c\u80a1\u7968\u4e92\u6362\u3002\u8fd9\u4e3a\u57fa\u91d1\u7ba1\u7406\u4eba\u6784\u5efa\u5883\u5185\u5916\u4ea4\u6613\u7ed3\u6784\u4ee5\u53ca\u9ad8\u6548\u91cd\u7ec4\u5e73\u53f0\u63d0\u4f9b\u4e86\u66f4\u5927\u7684\u7075\u6d3b\u6027\u3002<\/li>\n<li><strong>\u5feb\u901f\u5408\u5e76<\/strong>\u3002\u8fd1\u671f\u5bf9\u300a\u516c\u53f8\u6cd5\u300b\u7684\u4fee\u8ba2\u5c06\u628a\u5feb\u901f\u901a\u9053\u9002\u7528\u8303\u56f4\u6269\u5927\u5230\u975e\u4e0a\u5e02\u516c\u53f8\u3001\u63a7\u80a1\u5b50\u516c\u53f8\u5408\u5e76\u548c\u5b50\u516c\u53f8\u95f4\u5408\u5e76\u3002\u5728\u5b9e\u8df5\u4e2d\uff0c\u8fd9\u7b80\u5316\u4e86\u4f01\u4e1a\u6574\u5408\u548c\u91cd\u7ec4\u6d41\u7a0b\uff0c\u8fd9\u4e9b\u662f\u79c1\u52df\u80a1\u6743\u6295\u8d44\u7b56\u7565\u7684\u6838\u5fc3\u624b\u6bb5\u3002<\/li>\n<li><strong>GST 2.0<\/strong><strong>\u3002<\/strong>2025\u5e749\u6708\u5ba3\u5e03\u7684\u6539\u9769\u7b80\u5316\u4e86\u7a0e\u7387\u6863\u6b21\uff0c\u5e76\u964d\u4f4e\u4e86\u8d85\u8fc7375\u9879\u5546\u54c1\u7684\u7a0e\u7387\u3002\u8fd9\u4e9b\u53d8\u9769\u9884\u8ba1\u4f1a\u4f7f\u591a\u4e2a\u884c\u4e1a\u7684\u606f\u7a0e\u6298\u65e7\u53ca\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09\u5229\u6da6\u7387\u63d0\u9ad8200\u81f3300\u4e2a\u57fa\u70b9\uff0c\u4ece\u800c\u4f7f\u5370\u5ea6\u4f01\u4e1a\u65e0\u8bba\u662f\u5728\u8fd0\u8425\u65b9\u9762\u8fd8\u662f\u5728\u4f30\u503c\u65b9\u9762\u90fd\u66f4\u5177\u5438\u5f15\u529b\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\u5c3d\u7ba1\u76d1\u7ba1\u6539\u9769\u4f7f\u5f97\u5404\u76d1\u7ba1\u673a\u6784\u7684\u76d1\u7ba1\u5de5\u4f5c\u66f4\u4e3a\u4fbf\u5229\uff0c\u4f46\u76d1\u7ba1\u673a\u6784\u66f4\u52a0\u6ce8\u91cd\u6267\u6cd5\uff0c\u800c\u4f01\u4e1a\u4ecd\u9700\u627f\u62c5\u5408\u89c4\u8d23\u4efb\u3002\u76d1\u7ba1\u673a\u6784\u5728\u76d1\u6d4b\u5e02\u573a\u6d3b\u52a8\u65b9\u9762\u6b63\u53d8\u5f97\u65e5\u76ca\u6210\u719f\u5e76\u534f\u8c03\u4e00\u81f4\u3002<\/p>\n<p style=\"text-align: justify;\">\u5728\u8fd9\u79cd\u80cc\u666f\u4e0b\uff0c\u8463\u4e8b\u8d23\u4efb\u65e5\u76ca\u6210\u4e3a\u5173\u6ce8\u7126\u70b9\uff0c\u56e0\u4e3a\u8463\u4e8b\u53ef\u80fd\u4f1a\u6536\u5230\u76d1\u7ba1\u901a\u77e5\u3002\u975e\u6267\u884c\u8463\u4e8b\u7684\u201c\u5b89\u5168\u6e2f\u201d\u6761\u6b3e\u4ee5\u53ca\u8463\u4e8b\u548c\u9ad8\u7ba1\u8d23\u4efb\u4fdd\u9669\u4ecd\u7136\u662f\u4fdd\u62a4\u8463\u4e8b\u8d23\u4efb\u7684\u91cd\u8981\u4fdd\u969c\u63aa\u65bd\u3002<\/p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #bca577;\"><strong>\u5ba1\u6279\u4e0e\u65f6\u95f4\u8868<\/strong><\/span><\/h3>\n<figure id=\"attachment_634112\" aria-describedby=\"caption-attachment-634112\" style=\"width: 200px\" class=\"wp-caption alignright\"><img class=\"wp-image-634112 size-full\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2025\/11\/Saloni-Shroff_CAM.png\" alt=\"Saloni Shroff\" width=\"200\" height=\"250\" \/><figcaption id=\"caption-attachment-634112\" class=\"wp-caption-text\"><strong>Saloni Shroff<\/strong> <br \/>\u5408\u4f19\u4eba<br \/>Cyril Amarchand Mangaldas<br \/>\u5b5f\u4e70\u529e\u516c\u5ba4<br \/>\u7535\u8bdd: +91 22 2496 4455 <br \/>\u90ae\u7bb1: <a href=\"mailto:saloni.shroff@cyrilshroff.com\">saloni.shroff@cyrilshroff.com <\/a><\/figcaption><\/figure>\n<p style=\"text-align: justify;\">\u5ba1\u6279\u73af\u8282\u4ecd\u7136\u5f71\u54cd\u7740\u4ea4\u6613\u65f6\u95f4\u8868\uff0c\u5c3d\u7ba1\u6574\u4f53\u73af\u5883\u6b63\u5728\u53d1\u751f\u53d8\u5316\u3002<\/p>\n<p style=\"text-align: justify;\">\u5370\u5ea6\u7ade\u4e89\u59d4\u5458\u4f1a\uff08CCI\uff09\u53bb\u5e74\u4fee\u8ba2\u4e86\u901a\u77e5\u95e8\u69db\uff0c\u9664\u4e86\u73b0\u6709\u7684\u8d44\u4ea7\u548c\u8425\u4e1a\u989d\u95e8\u69db\u5916\uff0c\u8fd8\u8981\u6c42\u5bf9\u8d85\u8fc7200\u4ebf\u5362\u6bd4\uff08\u7ea62.273\u4ebf\u7f8e\u5143\uff09\u7684\u4ea4\u6613\uff0c\u5e76\u4e14\u4ea4\u6613\u6807\u7684\u987b\u7b26\u5408\u5370\u5ea6\u7684\u5b9e\u8d28\u6027\u4e1a\u52a1\u8fd0\u8425\u6d4b\u8bd5\u3002<\/p>\n<p style=\"text-align: justify;\">\u5bf9\u4e8e\u90a3\u4e9b\u5b58\u5728\u7070\u8272\u5730\u5e26\u3001\u9700\u8981\u8fdb\u4e00\u6b65\u6f84\u6e05\u7684\u4e8b\u9879\uff0c\u4e0e\u5370\u5ea6\u7ade\u4e89\u59d4\u5458\u4f1a\u8fdb\u884c\u7684\u9884\u7533\u62a5\u54a8\u8be2\u6b63\u5f97\u5230\u66f4\u5e7f\u6cdb\u7684\u5e94\u7528\u3002\u5bf9\u4e8e\u65e0\u5f02\u8bae\u901a\u77e5\u7684\u5ba1\u6279\uff0c\u7ade\u4e89\u59d4\u5458\u4f1a\u7684\u6279\u51c6\u73b0\u5df2\u80fd\u572830\u81f345\u5929\u5185\u5b8c\u6210\uff0c\u8fd9\u4e3a\u4ea4\u6613\u65b9\u63d0\u4f9b\u4e86\u66f4\u5927\u7684\u786e\u5b9a\u6027\u3002<\/p>\n<p style=\"text-align: justify;\">\u5370\u5ea6\u50a8\u5907\u94f6\u884c\u5bf9\u975e\u94f6\u884c\u91d1\u878d\u516c\u53f8\uff08NBFCs\uff09\u6295\u8d44\u7684\u5ba1\u6279\u4e5f\u53d8\u5f97\u66f4\u52a0\u89c4\u8303\u5316\uff0c\u5305\u62ec\u63a7\u5236\u6743\u53d8\u66f4\u6216\u6301\u80a1\u6bd4\u4f8b\u8fbe\u5230 26%\u6216\u4ee5\u4e0a\u7684\u60c5\u51b5\u3002\u76f8\u5173\u7533\u8bf7\u73b0\u5728\u662f\u5728\u5370\u5ea6\u50a8\u5907\u94f6\u884c\u521b\u5efa\u7684\u201c\u666e\u62c9\u74e6\u54c8\u95e8\u6237\u201d\u5e73\u53f0\u4e0a\u63d0\u4ea4\u7684\u3002<\/p>\n<p style=\"text-align: justify;\">\u5c3d\u7ba1\u5370\u5ea6\u50a8\u5907\u94f6\u884c\u4ecd\u5728\u5bfb\u6c42\u8be6\u7ec6\u4fe1\u606f\uff0c\u4f46\u968f\u7740\u8be2\u95ee\u9891\u7387\u7684\u589e\u52a0\uff0c\u5176\u53c2\u4e0e\u5ea6\u5df2\u663e\u8457\u63d0\u9ad8\u3002\u7136\u800c\uff0c\u5728\u76f8\u5bf9\u7b80\u5355\u7684\u6848\u4f8b\u4e2d\uff0c\u5ba1\u6279\u5468\u671f\u6709\u6240\u7f29\u77ed\uff0c\u8fd9\u4e0e\u524d\u51e0\u5e74\u7684\u60c5\u51b5\u5f62\u6210\u4e86\u660e\u663e\u5bf9\u6bd4\u3002<\/p>\n<p style=\"text-align: justify;\">\u6839\u636e\u65b0\u95fb\u516c\u62a5\u7b2c3\u53f7\u7684\u8981\u6c42\uff0c\u6765\u81ea\u4e0e\u5370\u5ea6\u63a5\u58e4\u56fd\u5bb6\u7684\u6295\u8d44\u5ba1\u6279\u6700\u521d\u5e26\u6765\u4e86\u8bf8\u591a\u4e0d\u786e\u5b9a\u6027\u3002\u5982\u4eca\uff0c\u8be5\u5236\u5ea6\u5df2\u8d8b\u4e8e\u7a33\u5b9a\u3002\u5c24\u5176\u662f\u5728\u79d1\u6280\u9886\u57df\uff0c\u591a\u9879\u5ba1\u6279\u5df2\u83b7\u6279\u3002\u8be5\u5ba1\u6279\u6d41\u7a0b\u53d8\u5f97\u66f4\u52a0\u53ef\u9884\u6d4b\uff0c\u9884\u8ba1\u5f88\u5feb\u8fd8\u4f1a\u6709\u66f4\u591a\u7684\u653e\u5bbd\u63aa\u65bd\u3002<\/p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #bca577;\"><strong>\u9996\u6b21\u516c\u5f00\u52df\u80a1\u5e02\u573a<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\">\u5370\u5ea6\u7684\u516c\u5f00\u5e02\u573a\u5df2\u6210\u4e3a\u4e00\u4e2a\u53ef\u9760\u7684\u9000\u51fa\u6e20\u9053\u3002\u5370\u5ea6\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEBI\uff09\u653e\u5bbd\u4e86\u901a\u8fc7\u53cd\u5411\u4ea4\u6613\u83b7\u5f97\u7684\u53ef\u8f6c\u6362\u5de5\u5177\u6240\u6d89\u53ca\u7684\u51fa\u552e\u8981\u7ea6\u90e8\u5206\u7684\u6700\u4f4e\u6301\u6709\u671f\u9650\uff0c\u5e76\u4fee\u6539\u4e86\u53d1\u8d77\u4eba\u51fa\u8d44\u89c4\u5b9a\uff0c\u4ee5\u5141\u8bb8\u673a\u6784\u80a1\u4e1c\u6ee1\u8db320% \u7684\u6301\u80a1\u8981\u6c42\u3002<\/p>\n<p style=\"text-align: justify;\">2025\u5e749\u6708\uff0cSEBI \u8fd8\u63d0\u8bae\u964d\u4f4e\u89c4\u6a21\u8d85\u8fc75000\u4ebf\u5362\u6bd4\u7684\u9996\u6b21\u516c\u5f00\u52df\u80a1\u7684\u6700\u4f4e\u516c\u4f17\u8ba4\u8d2d\u8981\u6c42\uff0c\u5e76\u5ef6\u957f\u5b9e\u73b0\u516c\u4f17\u6301\u80a1\u6bd4\u4f8b\u7684\u65f6\u95f4\u671f\u9650\u3002\u7efc\u5408\u6765\u770b\uff0c\u8fd9\u4e9b\u53d8\u5316\u4f7f\u9996\u6b21\u516c\u5f00\u52df\u80a1\u6d41\u7a0b\u66f4\u52a0\u5feb\u901f\u7075\u6d3b\uff0c\u540c\u65f6\u53ef\u4e0e\u4e8c\u7ea7\u4ea4\u6613\u548c\u63a5\u7eed\u57fa\u91d1\u7b56\u7565\u76f8\u8f85\u76f8\u6210\u3002<\/p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #bca577;\"><strong>\u672a\u6765\u5c55\u671b<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\">\u6700\u663e\u8457\u7684\u53d8\u5316\u5728\u4e8e\u6295\u8d44\u8005\u6001\u5ea6\u7684\u8f6c\u53d8\u3002\u5370\u5ea6\u4e0d\u518d\u88ab\u89c6\u4e3a\u524d\u6cbf\u5e02\u573a\u3002\u5168\u7403\u53ca\u56fd\u5185\u6295\u8d44\u8005\u5982\u4eca\u6b63\u901a\u8fc7\u4e2d\u578b\u5e02\u573a\u548c\u63a7\u5236\u6743\u4ea4\u6613\u8fdb\u884c\u957f\u671f\u6295\u8d44\u3002<\/p>\n<p style=\"text-align: justify;\">\u9996\u6b21\u516c\u5f00\u52df\u80a1\u3001\u4e8c\u7ea7\u5e02\u573a\u4ea4\u6613\u4ee5\u53ca\u5ef6\u7eed\u57fa\u91d1\u6b63\u5728\u540c\u6b65\u63a8\u8fdb\uff0c\u8fd9\u5f97\u76ca\u4e8e\u76d1\u7ba1\u6846\u67b6\u7684\u652f\u6301\uff0c\u5c3d\u7ba1\u4ecd\u5728\u4e0d\u65ad\u5b8c\u5584\uff0c\u4f46\u76f8\u8f83\u4e8e\u5341\u5e74\u524d\u5df2\u66f4\u52a0\u7a33\u5b9a\u4e14\u66f4\u5177\u53ef\u9884\u6d4b\u6027\u3002<\/p>\n<p style=\"text-align: justify;\">\u5370\u5ea6\u7684\u79c1\u52df\u80a1\u6743\u5982\u4eca\u5df2\u4fa7\u91cd\u4e8e\u6210\u719f\u5ea6\uff0c\u800c\u975e\u65b0\u9896\u6027\u3002\u6295\u8d44\u65b9\u6b63\u4ece\u89c2\u5bdf\u589e\u957f\u8f6c\u5411\u79ef\u6781\u5851\u9020\u589e\u957f\u3002\u53d1\u5c55\u65b9\u5411\u6e05\u6670\uff1a\u79c1\u52df\u80a1\u6743\u4e0d\u4ec5\u4f1a\u4e3a\u5370\u5ea6\u7684\u589e\u957f\u63d0\u4f9b\u8d44\u91d1\uff0c\u8fd8\u4f1a\u53c2\u4e0e\u5b9a\u4e49\u5176\u53d1\u5c55\u8f68\u8ff9\u3002<\/p>\n<section class=\"format-info\" style=\"text-align: center;\"><strong><img class=\"size-medium wp-image-578867 aligncenter\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2025\/04\/Cyril-Amarchand-Mangaldas-1-300x132.jpg\" alt=\"Cyril-Amarchand-Mangaldas\" width=\"300\" height=\"132\" srcset=\"https:\/\/law.asia\/wp-content\/uploads\/2025\/04\/Cyril-Amarchand-Mangaldas-1-300x132.jpg 300w, https:\/\/law.asia\/wp-content\/uploads\/2025\/04\/Cyril-Amarchand-Mangaldas-1.jpg 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Cyril Amarchand Mangaldas<\/strong><br \/>\nPeninsula Chambers, Peninsula Corporate Park,<br \/>\nGK Marg, Lower Parel,<br \/>\nMumbai \u2013 400 013, India.<br \/>\n\u7535\u8bdd: +91 22 6660 4455<br \/>\n\u90ae\u7bb1:<a href=\"mailto:cam.mumbai@cyrilshroff.com\"> cam.mumbai@cyrilshroff.com<\/a><br \/>\n<a href=\"http:\/\/www.cyrilshroff.com\">www.cyrilshroff.com<\/a><\/section>\n<p style=\"text-align: right;\"><a style=\"text-decoration: none;\" href=\"#navigation\"><button style=\"width: 20%; font-size: 12px; letter-spacing: 1px; padding: 3px 3px; color: #000000; border-color: #F4F4F4; background: #bca577;\"><span style=\"color: #ffffff; font-weight: bold; text-transform: uppercase; text-shadow: 1px 1px 2px #16151d;\"><span class=\"color: #fffff; text-shadow: 1px 1px 2px #16151d;\">\u56de\u5230\u9876\u90e8<\/span><\/span><\/button><\/a><\/p>\n<hr \/>\n<h2 style=\"text-align: justify;\"><span style=\"color: #bca577;\"><strong>\u65e5\u672c\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u7684\u6cd5\u5f8b\u6cd5\u89c4<\/strong><\/span><\/h2>\n<p style=\"text-align: justify;\">So &amp; Sato\u5f8b\u5e08\u4e8b\u52a1\u6240\u5b9a\u671f\u5c31\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u7684\u8bbe\u7acb\u53ca\u5176\u540e\u7eed\u6295\u8d44\u4e8b\u5b9c\u63d0\u4f9b\u6cd5\u5f8b\u54a8\u8be2\u3002<\/p>\n<figure id=\"attachment_634119\" aria-describedby=\"caption-attachment-634119\" style=\"width: 200px\" class=\"wp-caption alignright\"><img class=\"wp-image-634119 size-full\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2025\/11\/Yuki-Sato.jpg\" alt=\"Yuki Sato\" width=\"200\" height=\"250\" \/><figcaption id=\"caption-attachment-634119\" class=\"wp-caption-text\"><strong>Yuki Sato<\/strong> <br \/>\u7ba1\u7406\u5408\u4f19\u4eba<br \/>So &amp; Sato\u5f8b\u5e08\u4e8b\u52a1\u6240<br \/>\u4e1c\u4eac<br \/>\u7535\u8bdd: +81 80 7581 0215; +813 6275 6080 <br \/>\u90ae\u7bb1: <a href=\"mailto:y.sato@innovationlaw.jp\">y.sato@innovationlaw.jp <\/a><\/figcaption><\/figure>\n<p style=\"text-align: justify;\">\u65e5\u672c\u6709\u5173\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u7684\u6cd5\u5f8b\u6cd5\u89c4\u8f83\u4e3a\u590d\u6742\uff0c\u672c\u6240\u5e0c\u671b\u8fd9\u4efd\u7b80\u8981\u6982\u8ff0\u80fd\u591f\u4e3a\u8bfb\u8005\u63d0\u4f9b\u53c2\u8003\u3002<\/p>\n<p style=\"text-align: justify;\">\u5728\u65e5\u672c\uff0c\u4ece\u4e8b\u6240\u8c13\u5c0f\u76d8\u80a1\u548c\u4e2d\u76d8\u80a1\u6295\u8d44\u7684\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u5982\u4eca\u6b63\u9010\u6e10\u83b7\u5f97\u6d77\u5916\u6295\u8d44\u8005\u7684\u8ba4\u53ef\u4e0e\u5173\u6ce8\u3002<\/p>\n<p style=\"text-align: justify;\">\u8fd9\u4e3b\u8981\u5f97\u76ca\u4e8e\u65e5\u672c\u5730\u7f18\u653f\u6cbb\u5c40\u52bf\u7684\u7a33\u5b9a\u3001\u4f01\u4e1a\u4f30\u503c\u7684\u76f8\u5bf9\u7a33\u5b9a\uff0c\u4ee5\u53ca\u65e5\u672c\u56fd\u5185\u7684\u5e76\u8d2d\u4ea4\u6613\uff08\u5c24\u5176\u662f\u9488\u5bf9\u4e2d\u5c0f\u4f01\u4e1a\u7684\u4ea4\u6613\uff09\u88ab\u666e\u904d\u8ba4\u4e3a\u5b58\u5728\u4f4e\u4f30\u73b0\u8c61\uff0c\u4ece\u800c\u8868\u660e\u6b64\u7c7b\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u5177\u6709\u6f5c\u5728\u6210\u529f\u7684\u53ef\u80fd\u6027\u3002<\/p>\n<p style=\"text-align: justify;\">\u6b64\u5916\uff0c\u6295\u8d44\u6240\u8c13\u4e2d\u578b\u80a1\u548c\u5927\u578b\u80a1\u7684\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u6b63\u5728\u52a0\u5927\u5bf9\u6536\u8d2d\u8981\u7ea6\u548c\u7ba1\u7406\u5c42\u6536\u8d2d\u4ea4\u6613\u7684\u53c2\u4e0e\u529b\u5ea6\uff0c\u5e76\u9884\u8ba1\u4e1c\u4eac\u8bc1\u5238\u4ea4\u6613\u6240\u5c06\u57282030\u5e74\u5bf9\u4e0a\u5e02\u6807\u51c6\u8fdb\u884c\u8c03\u6574\u3002<\/p>\n<p style=\"text-align: justify;\">\u672c\u6587\u6240\u5173\u6ce8\u7684\u79c1\u52df\u80a1\u6743\u57fa\u91d1\uff0c\u5176\u6295\u8d44\u8005\u4e3b\u8981\u4e3a\u65e5\u672c\u673a\u6784\u6295\u8d44\u8005\uff0c\u540c\u65f6\u4e5f\u6709\u90e8\u5206\u6d77\u5916\u673a\u6784\u6295\u8d44\u8005\u6216\u5bb6\u65cf\u529e\u516c\u5ba4\u53c2\u4e0e\u3002<\/p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #bca577;\"><strong>\u6cd5\u5f8b\u7ed3\u6784<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\">\u6295\u8d44\u57fa\u91d1\u53ef\u6839\u636e\u6295\u8d44\u76ee\u6807\u3001\u6cd5\u5f8b\u7ed3\u6784\u3001\u8bbe\u7acb\u5730\uff08\u9002\u7528\u6cd5\u5f8b\uff09\u3001\u6295\u8d44\u8005\u7c7b\u522b\u4ee5\u53ca\u5176\u4ed6\u56e0\u7d20\u8fdb\u884c\u5206\u7c7b\u3002<\/p>\n<p style=\"text-align: justify;\">\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u901a\u5e38\u91c7\u7528\u5c01\u95ed\u5f0f\u5408\u4f19\u7ed3\u6784\u8bbe\u7acb\u3002\u6839\u636e\u65e5\u672c\u6cd5\u5f8b\uff0c\u8fd9\u7c7b\u57fa\u91d1\u4e00\u822c\u6839\u636e\u300a\u6295\u8d44\u4e8b\u4e1a\u6709\u9650\u8d23\u4efb\u5408\u4f19\u5951\u7ea6\u6cd5\u300b\uff08LPS\u6cd5\uff09\u7684\u89c4\u5b9a\uff0c\u4ee5\u201c\u6295\u8d44\u4e8b\u4e1a\u6709\u9650\u8d23\u4efb\u5408\u4f19\u201d\uff08<em>toushi jigyo yugen sekinin kumiai<\/em>\uff09\u7684\u5f62\u5f0f\u7ec4\u5efa\u3002<\/p>\n<p style=\"text-align: justify;\">\u5982\u679c\u4e00\u5b9a\u6570\u91cf\u7684\u6295\u8d44\u8005\u6765\u81ea\u6d77\u5916\uff0c\u901a\u5e38\u4f1a\u5728\u5f00\u66fc\u7fa4\u5c9b\u7b49\u907f\u7a0e\u8f96\u533a\u8bbe\u7acb\u4ee5\u6709\u9650\u5408\u4f19\u5f62\u5f0f\u8fd0\u4f5c\u7684\u5e73\u884c\u57fa\u91d1\u3002<\/p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #bca577;\"><strong>\u6cd5\u5f8b\u6cd5\u89c4<\/strong><\/span><\/h3>\n<figure id=\"attachment_634112\" aria-describedby=\"caption-attachment-634112\" style=\"width: 200px\" class=\"wp-caption alignright\"><img class=\"wp-image-634112 size-full\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2025\/11\/Chiho-Saito.jpg\" alt=\"Chiho Saito\" width=\"200\" height=\"250\" \/><figcaption id=\"caption-attachment-634112\" class=\"wp-caption-text\"><strong>Chiho Saito<\/strong> <br \/>\u5f8b\u5e08<br \/>So &amp; Sato\u5f8b\u5e08\u4e8b\u52a1\u6240<br \/>\u4e1c\u4eac<br \/>\u7535\u8bdd: +81 80 4920 2119; +813 6275 6080 <br \/>\u90ae\u7bb1: <a href=\"mailto:chiho.saito@innovationlaw.jp\">chiho.saito@innovationlaw.jp <\/a><\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><strong>\u300a\u91d1\u878d\u5546\u54c1\u53d6\u5f15\u6cd5\u300b\uff08<\/strong><strong>FIEA<\/strong><strong>\u6cd5\uff09<\/strong>\u3002\u7406\u8bba\u4e0a\uff0c\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u7684\u666e\u901a\u5408\u4f19\u4eba\uff08GP\uff09\u5fc5\u987b\u6ce8\u518c\u4e3a\uff1a<\/p>\n<p style=\"text-align: justify;\">\uff081\uff09\u4f5c\u4e3a\u4e8c\u7c7b\u91d1\u878d\u5de5\u5177\u4e1a\u52a1\u7ecf\u8425\u8005\uff0c\u5728\u65e5\u672c\u5f00\u5c55\u5408\u4f19\u6743\u76ca\u7684\u79c1\u52df\u53d1\u884c\uff1b\u5e76\u4e14<\/p>\n<p style=\"text-align: justify;\">\uff082\uff09\u6295\u8d44\u7ecf\u7406\u8d1f\u8d23\u7ba1\u7406\u6295\u8d44\u5408\u4f19\u4eba\u6240\u63d0\u4f9b\u7684\u8d44\u91d1\u53ca\u5176\u4ed6\u8d44\u4ea7\uff0c\u4e3b\u8981\u901a\u8fc7\u8bc1\u5238\u6295\u8d44\u6765\u5b9e\u73b0\u3002<\/p>\n<p style=\"text-align: justify;\">\u7136\u800c\uff0c\u5bf9\u4e8e\u8bb8\u591a\u5305\u62ec\u65b0\u5174\u57fa\u91d1\u7ecf\u7406\u9879\u76ee\uff08EMPs\uff09\u5728\u5185\u7684\u57fa\u91d1\u7ecf\u7406\u800c\u8a00\uff0c\u8981\u6ee1\u8db3\u8fd9\u4e9b\u6ce8\u518c\u8981\u6c42\u53ef\u80fd\u5e76\u4e0d\u73b0\u5b9e\uff0c\u6bd4\u5982\u9700\u8981\u62db\u8058\u5177\u5907\u5fc5\u8981\u77e5\u8bc6\u548c\u7ecf\u9a8c\u7684\u4eba\u5458\uff08\u5305\u62ec\u5408\u89c4\u4e13\u5458\uff09\uff0c\u5e76\u6ee1\u8db3\u8d44\u672c\u8981\u6c42\u3002<\/p>\n<p style=\"text-align: justify;\">\u56e0\u6b64\uff0c\u5927\u591a\u6570\u666e\u901a\u5408\u4f19\u4eba\u90fd\u4f9d\u8d56\u4e00\u9879\u201c\u5408\u683c\u673a\u6784\u6295\u8d44\u8005\u7b49\u7279\u522b\u8bb8\u53ef\u4e1a\u52a1\u201d\uff08SPSQII\uff09\u7684\u8c41\u514d\u653f\u7b56\u3002SPSQII \u4f7f\u666e\u901a\u5408\u4f19\u4eba\u4ec5\u901a\u8fc7\u901a\u77e5\u5373\u53ef\u4ee5\u5f00\u5c55\u4e0b\u6587\u201c\u4e3b\u4f53\u6d3b\u52a8\u201d\u548c\u201c\u5141\u8bb8\u53c2\u4e0e\u7684\u6295\u8d44\u8005\u7c7b\u522b\u201d\u90e8\u5206\u6240\u63cf\u8ff0\u7684\u4e1a\u52a1\u3002\u4ee5\u4e0b\u662f\u5173\u4e8e SPSQII \u7684\u6982\u8ff0\u3002<\/p>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li style=\"text-align: justify;\"><strong>\u4e3b\u4f53\u6d3b\u52a8<\/strong>\u3002\u6839\u636e SPSQII \u8c41\u514d\u653f\u7b56\uff0c\u666e\u901a\u5408\u4f19\u4eba\uff08GP\uff09\u53ef\u5f00\u5c55\u4ee5\u4e0b\u6d3b\u52a8\uff1a\n<ol type=\"a\">\n<li style=\"text-align: justify;\">\u5411\u4e00\u4e2a\u6216\u591a\u4e2a\u5408\u683c\u673a\u6784\u6295\u8d44\u8005\uff08QIIs\uff09\u4ee5\u53ca\u6700\u591a49\u540d\u7b26\u5408\u7279\u5b9a\u8981\u6c42\u7684\u6295\u8d44\u8005\uff08SPS\u6295\u8d44\u8005\uff09\u8fdb\u884c\u57fa\u91d1\u6743\u76ca\u7684\u79c1\u52df\u914d\u552e\uff1b<\/li>\n<li style=\"text-align: justify;\">\u7ba1\u7406\u4e0a\u8ff0\u6295\u8d44\u8005\u6240\u63d0\u4f9b\u7684\u8d44\u91d1\u6216\u8d44\u4ea7\uff0c\u4e3b\u8981\u7528\u4e8e\u8bc1\u5238\u6295\u8d44\u3002<\/li>\n<\/ol>\n<\/li>\n<li style=\"text-align: justify;\"><strong>\u5141\u8bb8\u53c2\u4e0e\u7684\u6295\u8d44\u8005\u7c7b\u522b<\/strong>\u3002QII\u6307\u81ea\u7136\u4eba\u548c\u6cd5\u4eba\uff0c\u5305\u62ec\u6ce8\u518c\u8bc1\u5238\u516c\u53f8\u3001\u94f6\u884c\u548c\u4fdd\u9669\u516c\u53f8\uff0c\u6216\u8005\u90a3\u4e9b\u62e5\u6709\u81f3\u5c11100\u4ebf\u65e5\u5143\uff08\u7ea6\u54086500\u4e07\u7f8e\u5143\uff09\u8bc1\u5238\u6295\u8d44\u7ec4\u5408\uff0c\u5e76\u5df2\u63d0\u4ea4\u901a\u77e5\u4ee5\u88ab\u8ba4\u5b9a\u4e3aQII\u7684\u673a\u6784\u3002\n<ol style=\"list-style-type: none;\">\n<li style=\"text-align: justify;\">SPS\u6295\u8d44\u8005\u5305\u62ec\u4e0a\u5e02\u516c\u53f8\u3001\u8d44\u672c\u6216\u51c0\u8d44\u4ea7\u4e0d\u4f4e\u4e8e5000\u4e07\u65e5\u5143\u7684\u516c\u53f8\u4ee5\u53ca\u5916\u56fd\u516c\u53f8\u3002<\/li>\n<li style=\"text-align: justify;\">\u5f00\u5c55SPSQII\u4e1a\u52a1\u65f6\uff0c\u81f3\u5c11\u8981\u6709\u4e00\u5bb6\u5408\u683c\u673a\u6784\u6295\u8d44\u8005\u53c2\u4e0e\u3002<\/li>\n<\/ol>\n<\/li>\n<li style=\"text-align: justify;\"><strong>\u901a\u77e5\u3002<\/strong>\u5728\u542f\u52a8SPSQII\u4e1a\u52a1\u4e4b\u524d\uff0c\u5fc5\u987b\u63d0\u524d\u5411\u76f8\u5173\u8d22\u653f\u5c40\u63d0\u4ea4\u901a\u77e5\uff08\u5177\u4f53\u800c\u8a00\uff0c\u5e94\u5728\u6295\u8d44\u8005\u9996\u6b21\u83b7\u5f97\u76f8\u5173\u57fa\u91d1\u6743\u76ca\u4e4b\u524d\uff09\u3002\n<ol style=\"list-style-type: none;\">\n<li style=\"text-align: justify;\">\u5982\u679c\u901a\u77e5\u4e2d\u6240\u5217\u4e8b\u9879\u53d1\u751f\u4efb\u4f55\u53d8\u66f4\uff0cSPSQII \u901a\u77e5\u65b9\u5fc5\u987b\u53ca\u65f6\uff08\u901a\u5e38\u5728\u4e00\u4e2a\u6708\u5185\uff09\u901a\u77e5\u6bcf\u6b21\u7684\u53d8\u66f4\u3002<\/li>\n<\/ol>\n<\/li>\n<li style=\"text-align: justify;\"><strong>\u884c\u4e3a\u89c4\u8303<\/strong>\u3002\u8bf7\u6ce8\u610f\uff0c\u5c3d\u7ba1SPSQII\u8fd0\u8425\u65b9\u5e76\u975e\u6839\u636eFIEA\u6cd5\u6ce8\u518c\u7684\u91d1\u878d\u673a\u6784\uff0c\u4f46\u5176\u4ecd\u987b\u9075\u5b88\u90e8\u5206\u89c4\u5b9a\uff0c\u4f8b\u5982\u5904\u7406\u5229\u76ca\u51b2\u7a81\u7684\u89c4\u5b9a\uff0c\u4ee5\u53ca\u63d0\u4f9b\u7b26\u5408 FIEA\u6cd5\u8981\u6c42\u7684\u8bf4\u660e\u6027\u6587\u4ef6\u7684\u89c4\u5b9a\u3002<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<figure id=\"attachment_634112\" aria-describedby=\"caption-attachment-634112\" style=\"width: 200px\" class=\"wp-caption alignright\"><img class=\"wp-image-634112 size-full\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2025\/11\/Taiki-Hashimoto.jpg\" alt=\"Taiki-Hashimoto\" width=\"200\" height=\"250\" \/><figcaption id=\"caption-attachment-634112\" class=\"wp-caption-text\"><strong>Taiki Hashimoto<\/strong> <br \/>\u5f8b\u5e08<br \/>So &amp; Sato\u5f8b\u5e08\u4e8b\u52a1\u6240<br \/>\u4e1c\u4eac<br \/>\u7535\u8bdd: +81 80 3528 6169; +813 6275 6080 <br \/>\u90ae\u7bb1: <a href=\"mailto:t.hashimoto@innovationlaw.jp\">t.hashimoto@innovationlaw.jp <\/a><\/figcaption><\/figure>\n<p style=\"text-align: justify;\">\u300a\u72af\u7f6a\u6536\u76ca\u8f6c\u79fb\u9632\u6b62\u6cd5\u300b\u3002\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u7684\u666e\u901a\u5408\u4f19\u4eba\u5728\u8fdb\u884c\u57fa\u91d1\u6743\u76ca\u7684\u52df\u96c6\u6216\u57fa\u91d1\u7ba1\u7406\u6d3b\u52a8\u65f6\uff0c\u5fc5\u987b\u5c65\u884c\u4e00\u5b9a\u7684\u201c\u4e86\u89e3\u4f60\u7684\u5ba2\u6237\u201d\uff08KYC\uff09\u7a0b\u5e8f\uff0c\u5e76\u5bf9\u6709\u9650\u5408\u4f19\u4eba\uff08LP\uff09\u8fdb\u884c\u5c3d\u804c\u8c03\u67e5\u3002<\/p>\n<p style=\"text-align: justify;\">\u6bcf\u9879\u5c3d\u804c\u8c03\u67e5\u6d41\u7a0b\u90fd\u5305\u62ec\u6838\u5b9e\u5ba2\u6237\u4fe1\u606f\uff0c\u4f8b\u5982\u8eab\u4efd\u3001\u4ea4\u6613\u76ee\u7684\u4ee5\u53ca\u6700\u7ec8\u53d7\u76ca\u6240\u6709\u6743\u7b49\u60c5\u51b5\u3002<\/p>\n<p style=\"text-align: justify;\"><strong>\u300a\u6295\u8d44\u4e8b\u4e1a\u6709\u9650\u8d23\u4efb\u5408\u4f19\u5951\u7ea6\u6cd5\u300b\uff08<\/strong><strong>LPS<\/strong><strong>\u6cd5\uff09<\/strong>\u3002\u5728\u65e5\u672c\uff0c\u6839\u636e\u8be5\u6cd5\u8bbe\u7acb\u7684\u6709\u9650\u5408\u4f19\uff08LPS\uff09\u901a\u5e38\u7528\u4e8e\u56fd\u5185\u7684\u5408\u4f19\u578b\u57fa\u91d1\u3002LPS \u4e0e\u5176\u4ed6\u53f8\u6cd5\u7ba1\u8f96\u533a\u7684\u6709\u9650\u5408\u4f19\u7c7b\u4f3c\u3002<\/p>\n<p style=\"text-align: justify;\">\u7136\u800c\uff0cLPS\u53ef\u4ece\u4e8b\u7684\u4e1a\u52a1\u6d3b\u52a8\u4ec5\u9650\u4e8e\u300aLPS \u6cd5\u300b\u89c4\u5b9a\u7684\u8303\u56f4\uff0c\u5305\u62ec\u6536\u8d2d\u548c\u6301\u6709\u516c\u53f8\u53d1\u884c\u7684\u80a1\u4efd\u548c\u8ba4\u80a1\u6743\u8bc1\u3001\u6536\u8d2d\u548c\u6301\u6709\u67d0\u4e9b\u8bc1\u5238\uff08\u5982\u516c\u53f8\u503a\u5238\uff09\u4ee5\u53ca\u5bf9\u5408\u4f19\u4f01\u4e1a\u7684\u6295\u8d44\u3002<\/p>\n<p style=\"text-align: justify;\">\u6b64\u5916\uff0c\u5bf9\u5916\u56fd\u516c\u53f8\u53d1\u884c\u7684\u80a1\u4efd\u3001\u8ba4\u80a1\u6743\u8bc1\u7b49\u7684\u6536\u8d2d\u548c\u6301\u6709\u4e0d\u5f97\u8d85\u8fc7\u6240\u6709\u5408\u4f19\u4eba\u603b\u51fa\u8d44\u989d\u768450%\u3002<\/p>\n<p style=\"text-align: justify;\"><strong>\u300a\u5916\u6c47\u53ca\u5916\u56fd\u8d38\u6613\u6cd5\u300b\uff08\u9002\u7528\u4e8e\u5883\u5916\u6709\u9650\u5408\u4f19\u4eba\u53c2\u4e0e\u7684\u60c5\u51b5\uff09<\/strong>\u3002\u5f53\u5883\u5916\u6295\u8d44\u8005\u4ee5\u6709\u9650\u5408\u4f19\u4eba\u7684\u8eab\u4efd\u53c2\u4e0e\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u65f6\uff0c\u53ef\u80fd\u9700\u8981\u6839\u636e\u300a\u5916\u6c47\u53ca\u5916\u56fd\u8d38\u6613\u6cd5\u300b\uff08FEFTA\u6cd5\uff09\u6267\u884c\u67d0\u4e9b\u7a0b\u5e8f\u3002<\/p>\n<p style=\"text-align: justify;\">\u6839\u636eFEFTA\u6cd5\uff0c\u5982\u679c\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u7684\u6709\u9650\u5408\u4f19\u4eba\u5305\u62ec\u5883\u5916\u6295\u8d44\u8005\uff08\u975e\u5c45\u6c11\u6216\u5916\u56fd\u516c\u53f8\uff09\uff0c\u5219\u53ef\u80fd\u9700\u8981\u63d0\u4ea4\u76f8\u5173\u6587\u4ef6\uff1a<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ol style=\"text-align: justify;\">\n<li>\u4ea4\u6613\u524d\u901a\u77e5\u548c\u540e\u7eed\u62a5\u544a\uff1b\u6216\u81f3\u5c11<\/li>\n<li>\u4ea4\u6613\u540e\u901a\u77e5\u3002<\/li>\n<\/ol>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\u5728\u67d0\u4e9b\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u4e2d\uff0c\u5883\u5916\u6295\u8d44\u8005\u6301\u670950%\u6216\u4ee5\u4e0a\u7684\u51fa\u8d44\u989d\uff0c\u5219\u8be5\u57fa\u91d1\u4e5f\u5c5e\u4e8e\u201c\u5916\u8d44\u6295\u8d44\u8005\u201d\uff0c\u5e76\u9700\u9075\u5b88\u4e0a\u8ff0\u62a5\u544a\u8981\u6c42\u3002<\/p>\n<p style=\"text-align: justify;\">\u662f\u5426\u9700\u8981\u63d0\u4ea4\u4ea4\u6613\u524d\u901a\u77e5\uff08\u6216\u8005\u4ea4\u6613\u540e\u901a\u77e5\uff09\u53d6\u51b3\u4e8e\u8be5\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u5728\u8fdb\u884c\u6295\u8d44\u65f6\u88ab\u6295\u516c\u53f8\u6240\u4ece\u4e8b\u7684\u4e1a\u52a1\u7c7b\u578b\u3002<\/p>\n<p style=\"text-align: justify;\">\u968f\u7740\u300a\u5916\u6c47\u53ca\u5916\u56fd\u8d38\u6613\u6cd5\u300b\u53ca\u5176\u6709\u5173\u5916\u56fd\u76f4\u63a5\u6295\u8d44\u7684\u76f8\u5173\u884c\u653f\u89c4\u5219\u7684\u8fd1\u671f\u4fee\u8ba2\uff0c\u8f6f\u4ef6\u670d\u52a1\u7b49\u591a\u7c7b\u4e1a\u52a1\u5df2\u88ab\u5e7f\u6cdb\u7eb3\u5165\u9700\u7533\u62a5\u7684\u4e1a\u52a1\u8303\u56f4\u3002\u56e0\u6b64\uff0c\u5e94\u53d7\u5230\u4e25\u683c\u5173\u6ce8\u7533\u62a5\u6d41\u7a0b\uff0c\u786e\u4fdd\u5df2\u6309\u8981\u6c42\u5b8c\u6210\u4ea4\u6613\u524d\u901a\u77e5\u3002<\/p>\n<p style=\"text-align: justify;\"><strong>\u300a\u53cd\u5784\u65ad\u6cd5\u300b<\/strong>\u3002\u6700\u540e\uff0c\u5982\u679c\u91c7\u7528\u201c\u6574\u5408\u7b56\u7565\u201d\uff08\u5373\u8fde\u7eed\u6536\u8d2d\u5e76\u6574\u5408\u7ade\u4e89\u5bf9\u624b\u7684\u7b56\u7565\uff09\uff0c\u5728\u5176\u5e02\u573a\u4efd\u989d\u8d85\u8fc7\u4e00\u5b9a\u9608\u503c\u540e\uff0c\u53ef\u80fd\u9700\u8981\u63a5\u53d7\u65e5\u672c\u516c\u5e73\u8d38\u6613\u59d4\u5458\u4f1a\u7684\u5e76\u8d2d\u5ba1\u67e5\u3002<\/p>\n<p style=\"text-align: justify;\">\u9884\u8ba1\u65e5\u672c\u7684\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u5e02\u573a\u5c06\u7ee7\u7eed\u4fdd\u6301\u5f3a\u52b2\u589e\u957f\u6001\u52bf\u3002\u56e0\u6b64\uff0c\u76f8\u5173\u6cd5\u5f8b\u95ee\u9898\u548c\u98ce\u9669\u9884\u8ba1\u4e5f\u5c06\u53d8\u5f97\u6108\u53d1\u590d\u6742\u4e14\u7cbe\u6df1\u3002<\/p>\n<section class=\"format-info\" style=\"text-align: center;\"><strong><img class=\"size-full wp-image-481105 aligncenter\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2024\/04\/So-Sato-Law-Offices-Logo.jpg\" alt=\"\" width=\"250\" height=\"200\" \/>So &amp; Sato Law Offices<\/strong><br \/>\nMarunouchi Office<br \/>\n937, 9th floor, New International Building,<br \/>\n3-4-1 Marunouchi, Chiyoda-ku, Tokyo 100-0005<br \/>\n\u7535\u8bdd: +813 6275 6080<br \/>\n\u90ae\u7bb1: <a href=\"mailto:y.sato@innovationlaw.jp\">y.sato@innovationlaw.jp<\/a><br \/>\n<a href=\"http:\/\/www.innovationlaw.jp\">www.innovationlaw.jp<\/a><\/section>\n<p style=\"text-align: right;\"><a style=\"text-decoration: none;\" href=\"#navigation\"><button style=\"width: 20%; font-size: 12px; letter-spacing: 1px; padding: 3px 3px; color: #000000; border-color: #F4F4F4; background: #bca577;\"><span style=\"color: #ffffff; font-weight: bold; text-transform: uppercase; text-shadow: 1px 1px 2px #16151d;\"><span class=\"color: #fffff; text-shadow: 1px 1px 2px #16151d;\">\u56de\u5230\u9876\u90e8<\/span><\/span><\/button><\/a><\/p>\n<hr \/>\n<h2 style=\"text-align: justify;\"><span style=\"color: #bca577;\"><strong>\u53f0\u6e7e\u79c1\u52df\u80a1\u6743\u7684\u53d1\u5c55\u5386\u7a0b<\/strong><\/span><\/h2>\n<p style=\"text-align: justify;\">\u53f0\u6e7e\u7684\u79c1\u52df\u80a1\u6743\u5e02\u573a\u5728\u8fc7\u53bb\u4e8c\u5341\u5e74\u95f4\u53d1\u5c55\u663e\u8457\u3002\u5728 2008 \u5e74\u5168\u7403\u91d1\u878d\u5371\u673a\u4e4b\u524d\uff0c\u56fd\u9645\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u662f\u53f0\u6e7e\u5e02\u573a\u7684\u6d3b\u8dc3\u53c2\u4e0e\u8005\uff0c\u53c2\u4e0e\u4e86\u94f6\u884c\u3001\u6709\u7ebf\u7535\u89c6\u7b49\u591a\u4e2a\u9886\u57df\u7684\u4ea4\u6613\uff0c\u4f8b\u5982\u6536\u8d2d\u5b89\u6cf0\u5546\u4e1a\u94f6\u884c\u3001\u4e07\u6cf0\u94f6\u884c\u548c\u5927\u4f17\u5546\u4e1a\u94f6\u884c\u7b49\u4ea4\u6613\u3002<\/p>\n<p style=\"text-align: justify;\">\u7136\u800c\uff0c\u5728\u91d1\u878d\u5371\u673a\u4e4b\u540e\uff0c\u5927\u591a\u6570\u56fd\u9645\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u51cf\u5c11\u4e86\u5728\u4e9a\u6d32\u7684\u6295\u8d44\u89c4\u6a21\uff0c\u53f0\u6e7e\u7684\u79c1\u52df\u80a1\u6743\u5e02\u573a\u4e5f\u8fdb\u5165\u4e86\u9010\u6b65\u590d\u82cf\u9636\u6bb5\u3002\u56fd\u9645\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u7684\u4e00\u4e9b\u65e9\u671f\u5c1d\u8bd5\u906d\u9047\u4e86\u76d1\u7ba1\u963b\u529b\uff0c\u6bd4\u5982\u5bf9\u534a\u5bfc\u4f53\u516c\u53f8\u65e5\u6708\u5149\u63a7\u80a1\u548c\u7535\u5b50\u5236\u9020\u5546\u56fd\u5de8\u96c6\u56e2\u7684\u6536\u8d2d\u63d0\u8bae\uff0c\u4e3b\u8981\u539f\u56e0\u662f\u5bf9\u79c1\u6709\u5316\u4ee5\u53ca\u53ef\u80fd\u4e27\u5931\u56fd\u5185\u63a7\u5236\u6743\u7684\u62c5\u5fe7\u3002<\/p>\n<p style=\"text-align: justify;\">\u8fd9\u79cd\u4fdd\u5b88\u7684\u7acb\u573a\u57282018\u5e74\u5de6\u53f3\u5f00\u59cb\u7f13\u548c\uff0c\u4e00\u4e9b\u5177\u6709\u91cc\u7a0b\u7891\u610f\u4e49\u7684\u4ea4\u6613\u90fd\u6210\u529f\u83b7\u5f97\u4e86\u76d1\u7ba1\u6279\u51c6\uff0c\u6bd4\u5982\u6295\u8d44\u516c\u53f8KKR\u5bf9\u674e\u957f\u8363\u5316\u5de5\u7684\u6536\u8d2d\u4ee5\u53ca\u91d1\u878d\u516c\u53f8\u6469\u6839\u58eb\u4e39\u5229\u5bf9\u767e\u7565\u533b\u5b66\u7684\u6295\u8d44\u3002\u8fd9\u4e9b\u6279\u51c6\u4f53\u73b0\u4e86\u66f4\u4e3a\u52a1\u5b9e\u548c\u5f00\u653e\u7684\u76d1\u7ba1\u65b9\u5f0f\uff0c\u63d0\u5347\u4e86\u53f0\u6e7e\u4f5c\u4e3a\u79c1\u52df\u80a1\u6743\u6295\u8d44\u76ee\u7684\u5730\u7684\u5438\u5f15\u529b\u3002<\/p>\n<figure id=\"attachment_602758\" aria-describedby=\"caption-attachment-602758\" style=\"width: 200px\" class=\"wp-caption alignright\"><img class=\"wp-image-602758 size-full\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2025\/07\/James-Hsiao.jpg\" alt=\"James Hsiao\" width=\"200\" height=\"250\" \/><figcaption id=\"caption-attachment-602758\" class=\"wp-caption-text\"><strong>\u8427\u5b87\u6770<\/strong><br \/>\u9ad8\u7ea7\u5408\u4f19\u4eba<br \/>\u5927\u6210\u53f0\u6e7e\u5f8b\u5e08\u4e8b\u52a1\u6240<br \/>\u53f0\u5317\u529e\u516c\u5ba4<br \/>\u7535\u8bdd: +886 2 2702 0208 #206 <br \/>\u90ae\u7bb1: <a href=\"mailto:james.hsiao@dentons.com.tw\">james.hsiao@dentons.com.tw <\/a><\/figcaption><\/figure>\n<p style=\"text-align: justify;\">\u4e0e\u6b64\u540c\u65f6\uff0c\u653f\u5e9c\u7684\u4e3e\u63aa\u548c\u6276\u6301\u653f\u7b56\u63a8\u52a8\u4e86\u56fd\u5185\u79c1\u52df\u80a1\u6743\u6295\u8d44\u6d3b\u52a8\u7684\u84ec\u52c3\u53d1\u5c55\u548c\u591a\u5143\u5316\u3002\u8d8a\u6765\u8d8a\u591a\u7684\u672c\u571f\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u76f8\u7ee7\u6210\u7acb\uff0c\u5f62\u6210\u4e86\u4e00\u4e2a\u66f4\u5177\u6d3b\u529b\u548c\u6210\u719f\u7684\u6295\u8d44\u751f\u6001\u7cfb\u7edf\u3002\u5982\u4eca\uff0c\u53f0\u6e7e\u7684\u79c1\u52df\u80a1\u6743\u6295\u8d44\u9886\u57df\u6db5\u76d6\u4e86\u591a\u79cd\u57fa\u91d1\u7c7b\u578b\uff0c\u5305\u62ec\uff1a<\/p>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li style=\"text-align: justify;\">\u72ec\u7acb\u57fa\u91d1\uff0c\u5982\u53f0\u6749\u8d44\u672c\u3001MagiCap Venture Capital\u3001Phi Capital\u53ca\u8fbe\u80dc\u8d44\u672c\u7b49\uff0c\u7531\u5177\u6709\u5f3a\u5927\u8d44\u91d1\u52df\u96c6\u7f51\u7edc\u7684\u77e5\u540d\u884c\u4e1a\u4eba\u58eb\u521b\u7acb\uff1b<\/li>\n<li style=\"text-align: justify;\">\u5de5\u4e1a\u6295\u8d44\u57fa\u91d1\uff0c\u5982\u80fd\u7387\u96c6\u56e2\u3001CDIB-\u7fa4\u521b\u5149\u7535\u57fa\u91d1\u7b49\uff0c\u8fd9\u7c7b\u57fa\u91d1\u4fa7\u91cd\u4e8e\u4f9b\u5e94\u94fe\u6295\u8d44\uff0c\u5e76\u5e38\u4e0e\u96c6\u56e2\u516c\u53f8\u4e1a\u52a1\u4e0e\u8fd0\u8425\u6574\u5408\uff1b<\/li>\n<li style=\"text-align: justify;\">\u8bc1\u5238\u76f8\u5173\u57fa\u91d1\uff0c\u5982\u5bcc\u90a6\u3001\u53f0\u65b0\u7b49\uff0c\u63d0\u4f9b\u7eb5\u5411\u6574\u5408\u7684\u4e00\u4f53\u5316\u91d1\u878d\u670d\u52a1\uff1b<\/li>\n<li style=\"text-align: justify;\">\u4ee5\u6295\u8d44\u4fe1\u6258\u5f62\u5f0f\u8fd0\u4f5c\u7684\u57fa\u91d1\uff0c\u5982\u56fd\u6cf0\u3001\u590d\u534e\u7b49\uff1b\u4ee5\u53ca<\/li>\n<li style=\"text-align: justify;\">\u91d1\u878d\u63a7\u80a1\u516c\u53f8\u65d7\u4e0b\u7684\u57fa\u91d1\uff0c\u5982\u4e2d\u534e\u5f00\u53d1\u8d44\u672c\u7b49\uff0c\u8fd9\u7c7b\u57fa\u91d1\u80fd\u591f\u8fd0\u7528\u673a\u6784\u8d44\u672c\u5e76\u53d1\u6325\u96c6\u56e2\u534f\u540c\u6548\u5e94\u3002<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">\u9664\u4e86\u653f\u5e9c\u7684\u652f\u6301\u5916\uff0c\u4fdd\u9669\u884c\u4e1a\u5c24\u5176\u662f\u5bff\u9669\u516c\u53f8\uff0c\u662f\u79c1\u4eba\u8d44\u672c\u7684\u4e3b\u8981\u6e20\u9053\uff0c\u80fd\u591f\u63d0\u4f9b\u957f\u671f\u7684\u6295\u8d44\u8d44\u6e90\uff0c\u5bf9\u63a8\u52a8\u53f0\u6e7e\u79c1\u52df\u80a1\u6743\u5e02\u573a\u7684\u53d1\u5c55\u53d1\u6325\u7740\u5173\u952e\u4f5c\u7528\u3002<\/p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #bca577;\"><strong>\u7acb\u6cd5\u5de5\u4f5c<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\">2021\u5e746\u6708\uff0c\u56fd\u5bb6\u53d1\u5c55\u59d4\u5458\u4f1a\uff08NDC\uff09\u53d1\u5e03\u4e86\u300a\u4fc3\u8fdb\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u6295\u8d44\u4ea7\u4e1a\u8f85\u5bfc\u7ba1\u7406\u8981\u70b9\u300b\uff08\u300a\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u8981\u70b9\u300b\uff09\uff0c\u65e8\u5728\u63a8\u52a8\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u53c2\u4e0e\u53f0\u6e7e\u7684\u91cd\u8981\u7b56\u7565\u6027\u4ea7\u4e1a\u7684\u53d1\u5c55\u3002\u8be5\u8981\u70b9\u901a\u8fc7\u8bbe\u5b9a\u8d44\u683c\u6761\u4ef6\u3001\u754c\u5b9a\u91cd\u8981\u7b56\u7565\u6027\u4ea7\u4e1a\u7684\u65b9\u5f0f\uff0c\u9f13\u52b1\u57fa\u91d1\u4e13\u4e1a\u5316\u7ba1\u7406\uff0c\u5e76\u6269\u5927\u5305\u62ec\u5bff\u9669\u516c\u53f8\u5728\u5185\u7684\u673a\u6784\u8d44\u672c\u7684\u51c6\u5165\u7a7a\u95f4\u3002<\/p>\n<p style=\"text-align: justify;\">\u6839\u636e\u300a\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u8981\u70b9\u300b\uff0c\u5408\u683c\u7684\u79c1\u52df\u80a1\u6743\u57fa\u91d1\uff0c\u5176\u627f\u8bfa\u51fa\u8d44\u603b\u989d\u5fc5\u987b\u5728\u65b0\u53f0\u5e0110\u4ebf\u5143\uff08\u7ea6\u54083270\u4e07\u7f8e\u5143\uff09\u4ee5\u4e0a\uff0c\u5e76\u4e14\u81f3\u5c11\u7531\u4e09\u540d\u5728\u6295\u8d44\u7ba1\u7406\u3001\u6295\u8d44\u6807\u7684\u8bc4\u4f30\u548c\u6295\u8d44\u540e\u7ba1\u7406\u65b9\u9762\u5177\u6709\u4e13\u4e1a\u77e5\u8bc6\u7684\u4eba\u58eb\u8fdb\u884c\u7ba1\u7406\u3002<\/p>\n<p style=\"text-align: justify;\">\u9664\u4e0a\u8ff0\u57fa\u672c\u8981\u6c42\u4e4b\u5916\uff0c\u7b26\u5408\u7279\u5b9a\u6761\u4ef6\u7684\u57fa\u91d1\u8fd8\u53ef\u4ee5\u5411\u56fd\u5bb6\u53d1\u5c55\u59d4\u5458\u4f1a\u7533\u8bf7\u8d44\u683c\u51fd\uff0c\u4ece\u800c\u83b7\u5f97\u5305\u62ec\u5bff\u9669\u8d44\u91d1\u5728\u5185\u7684\u673a\u6784\u8d44\u672c\u7684\u6295\u8d44\u3002<\/p>\n<figure id=\"attachment_602762\" aria-describedby=\"caption-attachment-602762\" style=\"width: 200px\" class=\"wp-caption alignright\"><img class=\"wp-image-602762 size-full\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2025\/07\/Iting-Huang.jpg\" alt=\"Iting Huang\" width=\"200\" height=\"250\" \/><figcaption id=\"caption-attachment-602762\" class=\"wp-caption-text\"><strong>\u9ec4\u610f\u5a77<\/strong> <br \/>\u5f8b\u5e08<br \/>\u5927\u6210\u53f0\u6e7e\u5f8b\u5e08\u4e8b\u52a1\u6240<br \/>\u53f0\u5317\u529e\u516c\u5ba4<br \/>\u7535\u8bdd: +886 2 2702 0208 #209 <br \/>\u90ae\u7bb1: <a href=\"mailto:iting.huang@dentons.com.tw\">iting.huang@dentons.com.tw <\/a><\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><strong>\u8d44\u683c\u6761\u4ef6\u5305\u62ec\uff1a<\/strong><\/p>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li style=\"text-align: justify;\">\u6295\u8d44\u8005\u627f\u8bfa\u6295\u8d44\u603b\u989d\u81f3\u5c11\u5360\u57fa\u91d1\u603b\u627f\u8bfa\u8d44\u672c\u768420%\uff1b<\/li>\n<li style=\"text-align: justify;\">\u5177\u5907\u76f8\u5173\u57fa\u91d1\u7ba1\u7406\u7ecf\u9a8c\u7684\u7ba1\u7406\u56e2\u961f\uff1b<\/li>\n<li style=\"text-align: justify;\">\u4e0e\u201c\u91cd\u8981\u7b56\u7565\u6027\u4ea7\u4e1a\u201d\u76f8\u7b26\u7684\u52df\u8d44\u8ba1\u5212\uff1b<\/li>\n<li style=\"text-align: justify;\">\u7531\u5185\u90e8\u6295\u8d44\u5ba1\u67e5\u7f16\u5236\u652f\u6301\u7684\u5b8c\u6574\u6295\u8d44\u51b3\u7b56\u673a\u5236\uff1b\u4ee5\u53ca<\/li>\n<li style=\"text-align: justify;\">\u5b8c\u6574\u7684\u6295\u8d44\u540e\u98ce\u9669\u7ba1\u7406\u673a\u5236\u3002<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">\u56fd\u5bb6\u53d1\u5c55\u59d4\u5458\u4f1a\u5c06\u201c\u91cd\u8981\u7b56\u7565\u6027\u4ea7\u4e1a\u201d\u754c\u5b9a\u5f97\u8f83\u4e3a\u5bbd\u6cdb\uff0c\u6db5\u76d6\u6570\u5b57\u670d\u52a1\u3001\u8d44\u8baf\u5b89\u5168\u3001\u7cbe\u51c6\u5065\u5eb7\u3001\u56fd\u9632\u53ca\u6218\u7565\u3001\u7eff\u80fd\u79d1\u6280\u3001\u751f\u7269\u6280\u672f\u3001\u667a\u6167\u673a\u68b0\u3001\u5faa\u73af\u7ecf\u6d4e\u4ee5\u53ca\u65b0\u519c\u4e1a\u4ea7\u4e1a\u7b49\u9886\u57df\u3002<\/p>\n<p style=\"text-align: justify;\">\u5b83\u8fd8\u5305\u62ec\u524d\u77bb\u57fa\u7840\u5efa\u8bbe\u8ba1\u5212\u3001\u6c11\u95f4\u53c2\u4e0e\u7684\u516c\u5171\u5efa\u8bbe\u3001\u5177\u6709\u5347\u7ea7\u6216\u8f6c\u578b\u9700\u6c42\u7684\u4ea7\u4e1a\uff0c\u4ee5\u53ca\u5176\u4ed6\u7ecf\u76f8\u5173\u4e3b\u7ba1\u673a\u5173\u8ba4\u5b9a\u7b26\u5408\u653f\u7b56\u65b9\u5411\u7684\u4ea7\u4e1a\u3002<\/p>\n<p style=\"text-align: justify;\">\u300a\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u8981\u70b9\u300b\u7684\u51fa\u53f0\u6807\u5fd7\u7740\u53f0\u6e7e\u79c1\u52df\u80a1\u6743\u6295\u8d44\u4e1a\u52a1\u8fdb\u5165\u4e86\u4e00\u4e2a\u66f4\u52a0\u900f\u660e\u3001\u4e13\u4e1a\u5316\u7684\u76d1\u7ba1\u73af\u5883\u3002\u5c3d\u7ba1\u8be5\u8981\u70b9\u4e0d\u5177\u6709\u6cd5\u5f8b\u7ea6\u675f\u529b\uff0c\u4f46\u5df2\u6210\u4e3a\u53f0\u6e7e\u6ce8\u518c\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u7684\u91cd\u8981\u53c2\u8003\u6846\u67b6\u3002<\/p>\n<p style=\"text-align: justify;\">2023\u5e74\uff0c\u8fd9\u4e00\u6846\u67b6\u5f97\u5230\u4e86\u8fdb\u4e00\u6b65\u5de9\u56fa\uff0c\u5f53\u65f6\u6210\u7acb\u4e86\u4e2d\u534e\u6c11\u56fd\u79c1\u52df\u80a1\u6743\u6295\u8d44\u5546\u4e1a\u540c\u4e1a\u516c\u4f1a\uff08TPEA\uff09\uff0c\u8be5\u516c\u4f1a\u7531\u79c1\u52df\u80a1\u6743\u516c\u53f8\u3001\u8bc1\u5238\u516c\u53f8\u3001\u6295\u8d44\u4fe1\u6258\u516c\u53f8\u548c\u98ce\u9669\u6295\u8d44\u57fa\u91d1\u7ec4\u6210\u3002<\/p>\n<p style=\"text-align: justify;\">\u79c1\u52df\u80a1\u6743\u516c\u4f1a\u65e8\u5728\u5f3a\u5316\u53f0\u6e7e\u7684\u79c1\u52df\u80a1\u6743\u751f\u6001\u73af\u5883\uff0c\u5e76\u589e\u5f3a\u884c\u4e1a\u51dd\u805a\u529b\u3002\u8be5\u516c\u4f1a\u8fd8\u53d1\u5e03\u4e86\u300a\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u4e89\u53d6\u53ca\u5df2\u53d6\u5f97\u4fdd\u9669\u4e1a\u8d44\u91d1\u6295\u8d44\u81ea\u5f8b\u89c4\u8303\u300b\uff0c\u4ee5\u63a8\u52a8\u5e02\u573a\u53c2\u4e0e\u8005\u4e4b\u95f4\u7684\u89c4\u8303\u6807\u51c6\u5316\u4e0e\u6700\u4f73\u5b9e\u8df5\u7edf\u4e00\u3002<\/p>\n<p style=\"text-align: justify;\">\u6700\u8fd1\uff0c\u57282025\u5e743\u6708\uff0c\u91d1\u878d\u76d1\u7763\u7ba1\u7406\u59d4\u5458\u4f1a\u653e\u5bbd\u4e86\u5bf9\u4fdd\u9669\u516c\u53f8\u8fdb\u884c\u79c1\u52df\u80a1\u6743\u6295\u8d44\u7684\u9650\u5236\u3002\u5982\u4eca\uff0c\u4fdd\u9669\u516c\u53f8\u4e0d\u4ec5\u88ab\u5141\u8bb8\u6295\u8d44\u4e0e\u53f0\u6e7e\u6838\u5fc3\u6218\u7565\u4ea7\u4e1a\u76f8\u5173\u7684\u9879\u76ee\uff0c\u8fd8\u53ef\u4ee5\u6295\u8d44\u652f\u6301\u516c\u5171\u57fa\u7840\u8bbe\u65bd\u3001\u73af\u5883\u3001\u793e\u4f1a\u4e0e\u6cbb\u7406\u76f8\u5173\u9879\u76ee\u4ee5\u53ca\u793e\u4f1a\u798f\u5229\u4f01\u4e1a\u7684\u57fa\u91d1\u3002\u8fd9\u4e00\u653f\u7b56\u8c03\u6574\u65e8\u5728\u8c03\u52a8\u5927\u89c4\u6a21\u7684\u673a\u6784\u8d44\u672c\uff0c\u5e76\u8fdb\u4e00\u6b65\u63a8\u52a8\u53f0\u6e7e\u7684\u7ecf\u6d4e\u73b0\u4ee3\u5316\u8fdb\u7a0b\u3002<\/p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #bca577;\"><strong>\u56fd\u9645\u5e02\u573a\u52a8\u6001<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\">\u81ea2023\u5e74\u4ee5\u6765\uff0c\u53f0\u6e7e\u7684\u79c1\u52df\u80a1\u6743\u6295\u8d44\u6d3b\u52a8\u56e0\u5168\u7403\u91d1\u878d\u5f62\u52bf\u7684\u4e0d\u786e\u5b9a\u6027\u800c\u653e\u7f13\u3002 2025 \u5e74\uff0c\u5173\u7a0e\u76f8\u5173\u98ce\u9669\u4ee5\u53ca\u8de8\u5883\u6295\u8d44\u60c5\u7eea\u7684\u51cf\u5f31\u8fdb\u4e00\u6b65\u6291\u5236\u4e86\u4ea4\u6613\u91cf\u3002\u8fd9\u79cd\u653e\u7f13\u53cd\u6620\u4e86\u56fd\u9645\u79c1\u52df\u80a1\u6743\u6295\u8d44\u8005\u56e0\u5730\u7f18\u653f\u6cbb\u7d27\u5f20\u5c40\u52bf\u548c\u5168\u7403\u7ecf\u6d4e\u9006\u98ce\u800c\u4ece\u5927\u4e2d\u534e\u5730\u533a\u64a4\u79bb\u7684\u66f4\u5e7f\u6cdb\u8d8b\u52bf\u3002<\/p>\n<p style=\"text-align: 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CDIB-\u7fa4\u521b\u5149\u7535\u57fa\u91d1\u3002\u5728\u7b2c\u4e00\u671f\u6210\u529f\u7684\u57fa\u7840\u4e0a\uff0c\u7b2c\u4e8c\u652f\u57fa\u91d1\u4e8e2024\u5e74\u63a8\u51fa\uff0c\u89c4\u6a21\u4e3a\u65b0\u53f0\u5e0133\u4ebf\u5143\uff0c\u4e3b\u8981\u6295\u8d44\u4e8e\u6c7d\u8f66\u53ca\u663e\u793a\u76f8\u5173\u6280\u672f\u9886\u57df\u3002<\/p>\n<p style=\"text-align: justify;\">\u540c\u6837\uff0cPhi Capital\u51ed\u501f\u5176\u5728\u53f0\u6e7e\u7535\u5b50\u884c\u4e1a\u7684\u4e13\u4e1a\u7ecf\u9a8c\uff0c\u5c06\u672c\u571f\u4ea7\u4e1a\u80fd\u529b\u4e0e\u5168\u7403\u6c7d\u8f66\u4f9b\u5e94\u94fe\u76f8\u8fde\u63a5\uff0c\u4e8e2023\u5e74\u4e0e\u73af\u65ed\u7535\u5b50\u5171\u540c\u6295\u8d44\u6536\u8d2d\u4e86\u8d6b\u5e0c\u66fc\u6c7d\u8f66\u901a\u8baf\u3002<\/p>\n<p style=\"text-align: justify;\">\u4e0d\u8fc7\u5230 2025 \u5e74\uff0c\u5173\u7a0e\u98ce\u9669\u7684\u52a0\u5267\u4ee5\u53ca\u53f0\u6e7e\u6301\u7eed\u4f9d\u8d56\u8de8\u5883\u5236\u9020\u7f51\u7edc\uff0c\u6291\u5236\u4e86\u5bf9\u6c7d\u8f66\u76f8\u5173\u8d44\u4ea7\u7684\u6295\u8d44\uff0c\u5bfc\u81f4\u8be5\u884c\u4e1a\u7684\u6295\u8d44\u60c5\u7eea\u8d8b\u4e8e\u8c28\u614e\u3002<\/p>\n<p style=\"text-align: justify;\"><strong>\u53ef\u518d\u751f\u80fd\u6e90\u4e0e\u7eff\u8272\u8f6c\u578b<\/strong>\u3002\u80fd\u6e90\u8f6c\u578b\u5df2\u6210\u4e3a\u5851\u9020\u53f0\u6e7e\u79c1\u52df\u80a1\u6743\u5e02\u573a\u7684\u91cd\u8981\u4e3b\u9898\u3002\u5728\u653f\u5e9c\u63a8\u52a8\u8d44\u672c\u591a\u5143\u5316\u4ee5\u53ca\u5168\u7403\u8fc8\u5411\u51c0\u96f6\u6392\u653e\u7684\u80cc\u666f\u4e0b\uff0c\u9886\u5148\u7684\u6295\u8d44\u4fe1\u6258\u516c\u53f8\u5df2\u63a8\u51fa\u4e13\u6ce8\u4e8e\u6e05\u6d01\u80fd\u6e90\u4ef7\u503c\u94fe\u7684\u53ef\u518d\u751f\u80fd\u6e90\u548c\u57fa\u7840\u8bbe\u65bd\u57fa\u91d1\u3002<\/p>\n<p style=\"text-align: justify;\">\u4f8b\u5982\uff0c\u56fd\u6cf0\u8bc1\u5238\u6295\u8d44\u4fe1\u6258\u548c\u7b2c\u4e00\u91d1\u8bc1\u5238\u6295\u8d44\u4fe1\u6258\u5404\u81ea\u8bbe\u7acb\u4e86\u4e13\u95e8\u9488\u5bf9\u53ef\u518d\u751f\u80fd\u6e90\u548c\u6d77\u4e0a\u98ce\u529b\u57fa\u7840\u8bbe\u65bd\u9879\u76ee\u7684\u57fa\u91d1\u3002<\/p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #bca577;\"><strong>\u524d\u666f\u5c55\u671b<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\">\u4f01\u4e1a\u4e0e\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u4e4b\u95f4\u7684\u6218\u7565\u5408\u4f5c\uff0c\u65e0\u8bba\u662f\u901a\u8fc7\u4f9b\u5e94\u94fe\u5185\u7684\u5782\u76f4\u6574\u5408\uff0c\u8fd8\u662f\u8de8\u884c\u4e1a\u5408\u4f5c\uff0c\u9884\u8ba1\u5c06\u5bf9\u52a0\u901f\u53f0\u6e7e\u4ea7\u4e1a\u6574\u5408\u4e0e\u8f6c\u578b\u65b9\u9762\u53d1\u6325\u5173\u952e\u4f5c\u7528\u3002\u8fd9\u7c7b\u5408\u4f5c\u53ef\u63d0\u5347\u4f01\u4e1a\u7ade\u4e89\u529b\u3001\u5f3a\u5316\u5e02\u573a\u5b9a\u4f4d\uff0c\u5e76\u63a8\u52a8\u5173\u952e\u4ea7\u4e1a\u521b\u65b0\u7684\u89c4\u6a21\u5316\u53d1\u5c55\u3002<\/p>\n<p style=\"text-align: justify;\">\u5c55\u671b\u672a\u6765\uff0c\u76d1\u7ba1\u673a\u6784\u3001\u884c\u4e1a\u53c2\u4e0e\u8005\u4e0e\u4e13\u4e1a\u534f\u4f1a\u4e4b\u95f4\u66f4\u7d27\u5bc6\u7684\u534f\u4f5c\uff0c\u5c06\u5bf9\u6253\u9020\u4e00\u4e2a\u7a33\u5065\u4e14\u900f\u660e\u7684\u79c1\u52df\u80a1\u6743\u751f\u6001\u7cfb\u7edf\u81f3\u5173\u91cd\u8981\u3002<\/p>\n<p style=\"text-align: justify;\">\u4e00\u4e2a\u5e73\u8861\u7684\u76d1\u7ba1\u6846\u67b6\u65e2\u80fd\u4fdd\u6301\u5ba1\u614e\u4fdd\u969c\u63aa\u65bd\uff0c\u53c8\u80fd\u4e3a\u65b0\u5174\u57fa\u91d1\u62d3\u5bbd\u8d44\u672c\u83b7\u53d6\u6e20\u9053\uff0c\u5bf9\u4e8e\u7ef4\u6301\u53f0\u6e7e\u5e02\u573a\u7684\u957f\u671f\u589e\u957f\u548c\u63d0\u5347\u5176\u5168\u7403\u7ade\u4e89\u529b\u81f3\u5173\u91cd\u8981\u3002<\/p>\n<section class=\"format-info\" style=\"text-align: center;\"><img class=\"size-medium wp-image-634091 aligncenter\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2025\/11\/Dentons-Logo-300x90.jpg\" alt=\"\" width=\"300\" height=\"90\" srcset=\"https:\/\/law.asia\/wp-content\/uploads\/2025\/11\/Dentons-Logo-300x90.jpg 300w, https:\/\/law.asia\/wp-content\/uploads\/2025\/11\/Dentons-Logo.jpg 534w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><strong>\u5927\u6210\u53f0\u6e7e\u5f8b\u5e08\u4e8b\u52a1\u6240<\/strong><br \/>\n\u6566\u5316\u5357\u8def2\u6bb577\u865f3\u6a13<br \/>\n\u53f0\u5317\u5e02\uff0c\u53f0\u6e7e<br \/>\n\u7535\u8bdd\uff1a+886 2 2702 0208<br \/>\n\u90ae\u7bb1: <a href=\"mailto:james.hsiao@dentons.com.tw\">james.hsiao@dentons.com.tw<\/a><br \/>\n<a href=\"http:\/\/www.dentons.tw\">www.dentons.tw<\/a><\/section>\n<p style=\"text-align: right;\"><a style=\"text-decoration: none;\" href=\"#navigation\"><button style=\"width: 20%; font-size: 12px; letter-spacing: 1px; padding: 3px 3px; color: #000000; border-color: #F4F4F4; background: #bca577;\"><span style=\"color: #ffffff; font-weight: bold; text-transform: uppercase; text-shadow: 1px 1px 2px #16151d;\"><span class=\"color: #fffff; text-shadow: 1px 1px 2px #16151d;\">\u56de\u5230\u9876\u90e8<\/span><\/span><\/button><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4e13\u5bb6\u89e3\u6790\u76d1\u7ba1\u52a8\u5411\uff1a\u52a9\u529b\u5730\u533a\u79c1\u52df\u80a1\u6743\u5e02\u573a\u6301\u7eed\u5438\u5f15\u8d44\u672c \u5370\u5ea6 \u65e5\u672c \u53f0\u6e7e &nbsp; 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