"Private equity"@it . "\u79C1\u4EBA\u80A1\u6743\u6295\u8D44\uFF08\u82F1\u8A9E\uFF1Aprivate equity\uFF0C\u7B80\u79F0PE\uFF0C\u53C8\u79F0\u79C1\u52DF\u80A1\u6743\u6295\u8D44\u6216\u79C1\u52DF\u57FA\u91D1\uFF09\uFF0C\u662F\u4E00\u4E2A\u91D1\u878D\u5546\u696D\u5F88\u5BBD\u6CDB\u7684\u6982\u5FF5\uFF0C\u7528\u6765\u6307\u79F0\u5BF9\u4EFB\u4F55\u4E00\u79CD\u4E0D\u80FD\u5728\u80A1\u7968\u5E02\u573A\u81EA\u7531\u4EA4\u6613\u7684\u80A1\u6743\u8D44\u4EA7\u4E4B\u6295\u8D44\u3002\u88AB\u52A8\u7684\u673A\u6784\u6295\u8D44\u8005\uFF08\u4F8B\u5982\u5B98\u65B9\u990A\u8001\u8CC7\u91D1\u6C60\u3001\u4FDD\u96AA\u516C\u53F8\uFF09\u53EF\u80FD\u4F1A\u6295\u8D44\u79C1\u4EBA\u80A1\u6743\u6295\u8D44\u57FA\u91D1\uFF0C\u7136\u5F8C\u4EA4\u7531\u6295\u8D44\u516C\u53F8\u7BA1\u7406\u5E76\u6295\u5411\u76EE\u6807\u516C\u53F8\u3002\u79C1\u4EBA\u80A1\u6743\u6295\u8D44\u53EF\u4EE5\u5206\u4E3A\u4EE5\u4E0B\u79CD\u7C7B\uFF1A\u6760\u6746\u6536\u8D2D\u3001\u98CE\u9669\u6295\u8D44\u3001\u6210\u957F\u8D44\u672C\u3001\u5929\u4F7F\u6295\u8D44\u548C\u5939\u5C42\u878D\u8D44\u4EE5\u53CA\u5176\u4ED6\u5F62\u5F0F\u3002\u79C1\u4EBA\u80A1\u6743\u6295\u8D44\u57FA\u91D1\u7ECF\u5E38\u4F1A\u63A7\u5236\u6240\u6295\u8D44\u516C\u53F8\u7684\u7BA1\u7406\uFF0C\u800C\u4E14\u7ECF\u5E38\u4F1A\u5F15\u8FDB\u65B0\u7684\u7BA1\u7406\u56E2\u961F\u4EE5\u4F7F\u516C\u53F8\u4EF7\u503C\u63D0\u5347\u3002"@zh . . . "Fonds d'actions"@fr . . . "\u03A4\u03B1 \u0399\u03B4\u03B9\u03C9\u03C4\u03B9\u03BA\u03AC \u0395\u03C0\u03B5\u03BD\u03B4\u03C5\u03C4\u03B9\u03BA\u03AC \u039A\u03B5\u03C6\u03AC\u03BB\u03B1\u03B9\u03B1, \u03B5\u03AF\u03BD\u03B1\u03B9 \u03BF \u03BF\u03B9\u03BA\u03BF\u03BD\u03BF\u03BC\u03B9\u03BA\u03CC\u03C2 \u03CC\u03C1\u03BF\u03C2 \u03C0\u03BF\u03C5 \u03C0\u03B5\u03C1\u03B9\u03B3\u03C1\u03AC\u03C6\u03B5\u03B9 \u03BC\u03B9\u03B1 \u03BA\u03B1\u03C4\u03B7\u03B3\u03BF\u03C1\u03AF\u03B1 \u03C4\u03BF\u03C5 \u03B5\u03BD\u03B5\u03C1\u03B3\u03B7\u03C4\u03B9\u03BA\u03BF\u03CD, \u03B7 \u03BF\u03C0\u03BF\u03AF\u03B1 \u03B1\u03C0\u03BF\u03C4\u03B5\u03BB\u03B5\u03AF\u03C4\u03B1\u03B9 \u03B1\u03C0\u03CC \u03BC\u03B5\u03C4\u03BF\u03C7\u03B9\u03BA\u03AD\u03C2 \u03BA\u03B9\u03BD\u03B7\u03C4\u03AD\u03C2 \u03B1\u03BE\u03AF\u03B5\u03C2 \u03BC\u03B9\u03B1\u03C2 \u03B5\u03C4\u03B1\u03B9\u03C1\u03AF\u03B1\u03C2 \u03C0\u03BF\u03C5 \u03B4\u03B5\u03BD \u03B5\u03AF\u03BD\u03B1\u03B9 \u03B5\u03B9\u03C3\u03B7\u03B3\u03BC\u03AD\u03BD\u03B7 \u03C3\u03C4\u03BF \u03C7\u03C1\u03B7\u03BC\u03B1\u03C4\u03B9\u03C3\u03C4\u03AE\u03C1\u03B9\u03BF \u03B1\u03BE\u03B9\u03CE\u03BD."@el . . . . . . . "Private equity"@en . . . . "Soukrom\u00FD kapit\u00E1l (anglicky private equity) obvykle odkazuje na investi\u010Dn\u00ED fondy organizovan\u00E9 jako komanditn\u00ED spole\u010Dnosti, kter\u00E9 nejsou ve\u0159ejn\u011B obchodov\u00E1ny a jejich\u017E investory jsou zpravidla velc\u00ED institucion\u00E1ln\u00ED investo\u0159i, nebo bohat\u00ED jednotlivci. Firmy soukrom\u00E9ho kapit\u00E1lu jsou zn\u00E1my pro sv\u00E9 rozs\u00E1hl\u00E9 vyu\u017E\u00EDv\u00E1n\u00ED dluhov\u00E9ho financov\u00E1n\u00ED k n\u00E1kupu spole\u010Dnost\u00ED, kter\u00E9 restrukturalizuj\u00ED a pokou\u0161ej\u00ED se n\u00E1sledn\u011B prodat za vy\u0161\u0161\u00ED hodnotu. Dluhov\u00E9 financov\u00E1n\u00ED sni\u017Euje da\u0148ov\u00E9 zat\u00ED\u017Een\u00ED podnik\u016F a je jedn\u00EDm z hlavn\u00EDch zp\u016Fsob\u016F, jak\u00FDmi investuj\u00ED soukrom\u00E9 kapit\u00E1lov\u00E9 spole\u010Dnosti do podnik\u00E1n\u00ED."@cs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . "\u672A\u516C\u958B\u682A\uFF08\u307F\u3053\u3046\u304B\u3044\u304B\u3076\uFF09\u3068\u306F\u3001\u682A\u5F0F\u516C\u958B\u3057\u3066\u3044\u306A\u3044\u682A\u5F0F\u3002\u975E\u516C\u958B\u682A\u3042\u308B\u3044\u306F\u30D7\u30E9\u30A4\u30D9\u30FC\u30C8\u30FB\u30A4\u30AF\u30A4\u30C6\u30A3\u30FC\u3068\u3082\u3002"@ja . . . . . . . . . . . . . "Un fonds d'actions est un fonds de placement dont l'actif est compos\u00E9 d'actions. Il se distingue d'autres types tels les fonds d'obligations ou les fonds du march\u00E9 mon\u00E9taire."@fr . . . "In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets (financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange."@en . "Private equity \u2013 rodzaj inwestycji kapita\u0142owej stanowi\u0105cej zewn\u0119trzne \u017Ar\u00F3d\u0142o finansowania sp\u00F3\u0142ek niedopuszczonych do obrotu publicznego. Inwestor, kt\u00F3rym zazwyczaj jest fundusz zarz\u0105dzaj\u0105cy maj\u0105tkiem os\u00F3b trzecich, jest najcz\u0119\u015Bciej zainteresowany d\u0142ugookresowym wzrostem warto\u015Bci sp\u00F3\u0142ki w celu realizacji zysku w momencie odsprzeda\u017Cy udzia\u0142\u00F3w/akcji w przysz\u0142o\u015Bci. \u015Arodki przekazywane sp\u00F3\u0142kom mog\u0105 przyjmowa\u0107 charakter zar\u00F3wno finansowania w\u0142asnego, jak i hybrydowego, tj. po\u0142\u0105czenia finansowania w\u0142asnego i d\u0142u\u017Cnego. Poza wk\u0142adem finansowym, w ramach private equity sp\u00F3\u0142ka mo\u017Ce otrzyma\u0107 od inwestora wsparcie w zakresie zarz\u0105dzania o r\u00F3\u017Cnorodnym charakterze np. doradztwo prawne, podatkowe, organizacyjne. Przeci\u0119tna inwestycja typu private equity trwa oko\u0142o 5\u20137 lat. W przypadku private equity inwestor ponosi podwy\u017Cszone ryzyko w zamian za wzgl\u0119dnie wy\u017Cszy, ewentualny zwrot z zainwestowanego kapita\u0142u. Private equity jest szczeg\u00F3lnie popularne w przypadku finansowania przedsi\u0119wzi\u0119\u0107 obarczonych podwy\u017Cszonym ryzykiem, np. finansowania dzia\u0142alno\u015Bci nowo powsta\u0142ych sp\u00F3\u0142ek rozwijaj\u0105cych innowacyjny produkt lub technologi\u0119. Du\u017C\u0105 korzy\u015Bci\u0105 przy wykorzystaniu private equity dla niedo\u015Bwiadczonej organizacji jest doradztwo otrzymywane od inwestora. W szerokiej interpretacji private equity obejmuje tak\u017Ce venture capital."@pl . . . . . . . "\u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u062E\u0627\u0635\u0629 \u0641\u064A \u0627\u0644\u0634\u0624\u0648\u0646 \u0627\u0644\u0645\u0627\u0644\u064A\u0629\u060C (\u0628\u0627\u0644\u0625\u0646\u062C\u0644\u064A\u0632\u064A\u0629: private equity )\u200F \u0647\u064A \u0641\u0626\u0629 \u0645\u0646 \u0641\u0626\u0627\u062A \u0627\u0644\u0623\u0635\u0648\u0644\u060C \u062A\u062A\u0645 \u0628\u0627\u0644\u0627\u0633\u062A\u062B\u0645\u0627\u0631 \u0641\u064A \u0634\u0631\u0643\u0627\u062A \u0645\u063A\u0644\u0642\u0629 \u063A\u064A\u0631 \u0645\u062F\u0631\u062C\u0629 \u0641\u064A \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064A\u0629 (\u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062A). \u0627\u0644\u0627\u0633\u062A\u062B\u0645\u0627\u0631 \u0641\u064A \u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u062E\u0627\u0635\u0629 \u0641\u064A \u0645\u0639\u0638\u0645 \u0627\u0644\u0623\u062D\u064A\u0627\u0646 \u062A\u0646\u0637\u0648\u064A \u0625\u0645\u0627 \u0639\u0644\u0649 \u0627\u0633\u062A\u062B\u0645\u0627\u0631 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0641\u064A \u0634\u0631\u0643\u0629 \u0639\u0627\u0645\u0644\u0629 \u0623\u0648 \u0625\u062D\u062F\u0649 \u0627\u0644\u0634\u0631\u0643\u0627\u062A \u0627\u0644\u0639\u0627\u0645\u0644\u0629. \u0648\u064A\u0631\u062A\u0641\u0639 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0645\u0639\u062F \u0644\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u062E\u0627\u0635\u0629 \u0645\u0646 . \u0648\u0647\u0646\u0627\u0643 \u0637\u0627\u0626\u0641\u0629 \u0648\u0627\u0633\u0639\u0629 \u0645\u0646 \u0623\u0646\u0648\u0627\u0639 \u0648\u0623\u0646\u0645\u0627\u0637 \u0645\u0646 \u0627\u0644\u0627\u0633\u0647\u0645 \u0627\u0644\u062E\u0627\u0635\u0629 \u0648\u0627\u0644\u0645\u0635\u0637\u0644\u062D equity \u064A\u062D\u0645\u0644 \u0645\u0639\u0627\u0646\u064A \u0645\u062E\u062A\u0644\u0641\u0629 \u0648\u0641\u0642\u0627 \u0644\u0643\u0644 \u0628\u0644\u062F."@ar . . . . . . "El capital d'inversi\u00F3 (en angl\u00E8s, private equity), en les finances, \u00E9s una que consisteix en valors borsaris d'empreses que no cotitzen en una borsa de valors. Una inversi\u00F3 de capital privat, en general, ser\u00E0 realitzada per una empresa de capital d'inversi\u00F3, una empresa de capital de risc o un \u00E0ngel inversor. Cadascuna d'aquestes categories d'inversors t\u00E9 el seu propi conjunt d'objectius, prefer\u00E8ncies i estrat\u00E8gies d'inversi\u00F3; tanmateix, totes proporcionen capital de treball a una empresa amb l'objectiu de nodrir l'expansi\u00F3, el desenvolupament de nous productes o la reestructuraci\u00F3 de l'operativa, la gesti\u00F3 o la propietat de l'empresa. El capital d'inversi\u00F3 sovint s'agrupa en una categoria m\u00E9s \u00E0mplia anomenada \u00ABcapital privat\u00BB (private capital), generalment usada per descriure el capital que dona suport a llarg termini a l'estrat\u00E8gia d'inversi\u00F3 il\u00EDquida."@ca . "Private equity is de benaming voor investeerders die buiten de aandelenbeurs om financieel in bedrijven participeren. Een beursgenoteerd bedrijf kan extra aandelen uitgeven op de beurs als het geld nodig heeft, een niet-beursgenoteerd bedrijf kan dat niet. Als een dergelijk bedrijf geldmiddelen nodig heeft kan het deze ophalen bij een bank of bij private investeerders. Private-equity-investeringen zijn er in verschillende orden van grootte: leveraged buyouts, waarbij gebruikgemaakt wordt van geleend geld, kunnen tot in de miljarden euro's groot zijn, terwijl een venturecapital-investering soms maar enkele honderdduizenden euro's bedraagt."@nl . . . . "\u0623\u0633\u0647\u0645 \u062E\u0627\u0635\u0629"@ar . . . . "\u672A\u516C\u958B\u682A\uFF08\u307F\u3053\u3046\u304B\u3044\u304B\u3076\uFF09\u3068\u306F\u3001\u682A\u5F0F\u516C\u958B\u3057\u3066\u3044\u306A\u3044\u682A\u5F0F\u3002\u975E\u516C\u958B\u682A\u3042\u308B\u3044\u306F\u30D7\u30E9\u30A4\u30D9\u30FC\u30C8\u30FB\u30A4\u30AF\u30A4\u30C6\u30A3\u30FC\u3068\u3082\u3002"@ja . . . . . "Private equity"@pl . "\u0427\u0430\u0441\u0442\u043D\u044B\u0435 \u043A\u0430\u043F\u0438\u0442\u0430\u043B\u043E\u0432\u043B\u043E\u0436\u0435\u043D\u0438\u044F"@ru . . "Le capital-investissement (en anglais : private equity) est un mode d'investissement de capital o\u00F9 un investisseur ou fonds d'investissement utilise des capitaux pour acheter des parts d'une entreprise."@fr . "La private equity (PE) \u00E8 una sfera/categoria di investimenti finanziari mediante la quale un'entit\u00E0 (generalmente un investitore istituzionale) apporta nuovi capitali, e dunque finanzia, una societ\u00E0 target con l'acquisto di azioni e/o sottoscrivendo azioni di nuova emissione apportando nuovi capitali all'interno dell'obiettivo. Pertanto, questi finanziamenti non creano debito, siccome le azioni non creano debito. Le societ\u00E0 obiettivo di base non devono essere quotate in borsa (listed company), tale per cui si dicono \"not publicly traded\"; siccome la borsa \u00E8 il mercato pubblico e regolamentato per eccellenza, essa fa parte della , l'opposto della private equity. Qualora le aziende siano quotate, se sono intenzionate ad abbandonare la borsa (delisting) si parla di . In dei casi, possono anche essere delle startup (e quindi delle nano-cap) che offrono progetti innovativi e attraenti e/o che lavorano in un campo che ha possibilit\u00E0 di crescita; l'investimento \u00E8 pi\u00F9 rischioso di altri ma pu\u00F2 essere molto remunerativo. Siccome il mercato azionario esiste per finanziarsi tramite equity (e non debito) come si dice in corporate finance, il mercato azionario (stock market) si pu\u00F2 pensare come \"mercato dell'equity\" privato o pubblico (public equity market o private equity market), dunque la private equity forma parte del mercato dell'equity e del mercato azionario. L'attivit\u00E0 di finanziare una societ\u00E0 tramite investimenti appartenenti alla private equity viene detta private equity financing, mentre gli investitori che finanziano le societ\u00E0 tramite questi tipi di investimenti vengono detti private equity investor. Una compagnia/societ\u00E0 di private equity \u00E8 detta private equity fund o private equity firm e tipicamente ha la forma giuridica di una societ\u00E0 in accomandita (negli Stati Uniti, di limited partnership LP) che ha o meno degli sbarramenti nell'ingresso dei soci partecipanti (se non ne ha, si finanzia attraverso le azioni; si possono anche quotare in borsa e, in tal caso, se i soci che apportano capitale sono anche comuni azionisti che effettuano compravendite di azioni in borsa, sono dette business development company BDC). Un azionista di un private equity fund pu\u00F2 anche essere un exchange-traded fund ETF, a sua volta un fondo di investimento (come a sua volta l'hedge fund), ma non sono fondi da confondere con quelli di private equity. Il capitale investito in primis a scopo di lucro nelle societ\u00E0, che dunque ricevono finanziamenti sotto forma di azioni acquistate, \u00E8 detto \"capitale di investimento\" (investment capital) e una societ\u00E0 in cui un private equity fund investe si chiama \"portfolio company\"."@it . . . . . . . . . . . . . "Private equity"@nl . . "Capital inversi\u00F3n"@es . . . . . . . . . . . . . . . . . "El capital inversi\u00F3n (del ingl\u00E9s private equity)\u200B es un tipo de actividad financiera que consiste en la adquisici\u00F3n, por parte de una entidad especializada en capital inversi\u00F3n, del paquete mayoritario de acciones de una sociedad. La entidad de capital inversi\u00F3n se convierte de esta manera en el propietario mayoritario de la sociedad, normalmente de forma temporal, ya que transcurrido un tiempo se suele realizar la venta de las acciones compradas. El plazo de mantenimiento de la inversi\u00F3n es variable, normalmente en funci\u00F3n del \u00E9xito de la actividad desarrollada, ya que el objeto de la inversi\u00F3n no es la tenencia en s\u00ED de las acciones sino la obtenci\u00F3n de una rentabilidad en la operaci\u00F3n. Esta actuaci\u00F3n no tiene por qu\u00E9 suponer la captaci\u00F3n de nuevos fondos para la sociedad transmitida."@es . . . . . . . . "Private Equity (deutsch au\u00DFerb\u00F6rsliches Eigenkapital oder privates Beteiligungskapital) ist in der Betriebswirtschaftslehre der Anglizismus f\u00FCr eine Form des Beteiligungskapitals, bei der die vom Kapitalgeber eingegangene Beteiligung an Unternehmen nicht an geregelten M\u00E4rkten (B\u00F6rsen) handelbar ist. Die Kapitalgeber k\u00F6nnen private oder institutionelle Anleger sein; h\u00E4ufig sind es auf diese Beteiligungsform spezialisierte Kapitalbeteiligungsgesellschaften, die daher auch Private-Equity-Gesellschaften (PEG) genannt werden."@de . . . . . . . . . "Un fonds d'actions est un fonds de placement dont l'actif est compos\u00E9 d'actions. Il se distingue d'autres types tels les fonds d'obligations ou les fonds du march\u00E9 mon\u00E9taire."@fr . . . "Capital d'inversi\u00F3"@ca . . . . . . . . . "\u0427\u0430\u0441\u0442\u043D\u044B\u0435 \u0438\u043D\u0432\u0435\u0441\u0442\u0438\u0446\u0438\u0438 (\u0447\u0430\u0441\u0442\u043D\u044B\u0439 \u043A\u0430\u043F\u0438\u0442\u0430\u043B, \u0447\u0430\u0441\u0442\u043D\u043E\u0435 \u0438\u043D\u0432\u0435\u0441\u0442\u0438\u0440\u043E\u0432\u0430\u043D\u0438\u0435, \u0447\u0430\u0441\u0442\u043D\u044B\u0435 \u043A\u0430\u043F\u0438\u0442\u0430\u043B\u043E\u0432\u043B\u043E\u0436\u0435\u043D\u0438\u044F (\u0427\u041A), \u0430\u043D\u0433\u043B. Private Equity) \u2014 \u0432\u0438\u0434 \u0430\u043A\u0442\u0438\u0432\u043E\u0432, \u043F\u043E\u0434 \u043A\u043E\u0442\u043E\u0440\u044B\u043C \u043F\u043E\u043D\u0438\u043C\u0430\u0435\u0442\u0441\u044F \u0434\u043E\u043B\u044F \u0432 \u043A\u0430\u043F\u0438\u0442\u0430\u043B\u0435, \u043F\u0430\u0439 \u0438\u043B\u0438 \u0430\u043A\u0446\u0438\u0438 \u043A\u043E\u043C\u043F\u0430\u043D\u0438\u0438, \u043D\u0435 \u0440\u0430\u0437\u043C\u0435\u0449\u0451\u043D\u043D\u044B\u0435 \u043D\u0430 \u0444\u043E\u043D\u0434\u043E\u0432\u043E\u0439 \u0431\u0438\u0440\u0436\u0435 (\u0431\u0438\u0440\u0436\u0435 \u0446\u0435\u043D\u043D\u044B\u0445 \u0431\u0443\u043C\u0430\u0433)."@ru . . "Capital-investissement"@fr . . . . . . "Private equity \u2013 rodzaj inwestycji kapita\u0142owej stanowi\u0105cej zewn\u0119trzne \u017Ar\u00F3d\u0142o finansowania sp\u00F3\u0142ek niedopuszczonych do obrotu publicznego. Inwestor, kt\u00F3rym zazwyczaj jest fundusz zarz\u0105dzaj\u0105cy maj\u0105tkiem os\u00F3b trzecich, jest najcz\u0119\u015Bciej zainteresowany d\u0142ugookresowym wzrostem warto\u015Bci sp\u00F3\u0142ki w celu realizacji zysku w momencie odsprzeda\u017Cy udzia\u0142\u00F3w/akcji w przysz\u0142o\u015Bci. Przeci\u0119tna inwestycja typu private equity trwa oko\u0142o 5\u20137 lat. W przypadku private equity inwestor ponosi podwy\u017Cszone ryzyko w zamian za wzgl\u0119dnie wy\u017Cszy, ewentualny zwrot z zainwestowanego kapita\u0142u."@pl . . . . "\u79C1\u4EBA\u80A1\u6743\u6295\u8D44"@zh . . . "\u672A\u516C\u958B\u682A"@ja . . . "Le capital-investissement (en anglais : private equity) est un mode d'investissement de capital o\u00F9 un investisseur ou fonds d'investissement utilise des capitaux pour acheter des parts d'une entreprise."@fr . "\u80A1\u7968\u57FA\u91D1\u662F\u6307\u6295\u8D44\u4E8E\u80A1\u7968\u7684\u57FA\u91D1\u3002\u6709\u4E9B\u7279\u5B9A\u7684\u80A1\u7968\u57FA\u91D1\u53EF\u80FD\u53EA\u6295\u8CC7\u65BC\u80A1\u5E02\u4E2D\u67D0\u4E00\u9886\u57DF\u7684\u80A1\u7968\uFF0C\u6216\u53EA\u6295\u8D44\u4E8E\u4E00\u4E2A\u56FD\u5BB6\u7684\u80A1\u5E02\uFF0C\u6216\u8BB8\u591A\u56FD\u5BB6\u7684\u80A1\u5E02\uFF0C\u6216\u67D0\u4E9B\u89C4\u6A21\u7684\u516C\u53F8\uFF0C\u5982\u5C0F\u578B\u516C\u53F8\u7684\u80A1\u7968\u3001\u5927\u578B\u516C\u53F8\u7684\u80A1\u7968\u7B49\u3002"@zh . . . . . "Ein Aktienfonds ist ein Investmentfonds, der ausschlie\u00DFlich oder \u00FCberwiegend in Aktien investiert."@de . . . . . . . . "In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets (financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring of operations, management, and formal control and ownership of the company. As a financial product, the private-equity fund is a type of private capital for financing a long-term investment strategy in an illiquid business enterprise. Since the 1980s, the financial press describe \"private equity fund\" investment as the superficial rebranding of investment management companies who specialized in the leveraged buyout of financially weak companies."@en . . "\u03A4\u03B1 \u0399\u03B4\u03B9\u03C9\u03C4\u03B9\u03BA\u03AC \u0395\u03C0\u03B5\u03BD\u03B4\u03C5\u03C4\u03B9\u03BA\u03AC \u039A\u03B5\u03C6\u03AC\u03BB\u03B1\u03B9\u03B1, \u03B5\u03AF\u03BD\u03B1\u03B9 \u03BF \u03BF\u03B9\u03BA\u03BF\u03BD\u03BF\u03BC\u03B9\u03BA\u03CC\u03C2 \u03CC\u03C1\u03BF\u03C2 \u03C0\u03BF\u03C5 \u03C0\u03B5\u03C1\u03B9\u03B3\u03C1\u03AC\u03C6\u03B5\u03B9 \u03BC\u03B9\u03B1 \u03BA\u03B1\u03C4\u03B7\u03B3\u03BF\u03C1\u03AF\u03B1 \u03C4\u03BF\u03C5 \u03B5\u03BD\u03B5\u03C1\u03B3\u03B7\u03C4\u03B9\u03BA\u03BF\u03CD, \u03B7 \u03BF\u03C0\u03BF\u03AF\u03B1 \u03B1\u03C0\u03BF\u03C4\u03B5\u03BB\u03B5\u03AF\u03C4\u03B1\u03B9 \u03B1\u03C0\u03CC \u03BC\u03B5\u03C4\u03BF\u03C7\u03B9\u03BA\u03AD\u03C2 \u03BA\u03B9\u03BD\u03B7\u03C4\u03AD\u03C2 \u03B1\u03BE\u03AF\u03B5\u03C2 \u03BC\u03B9\u03B1\u03C2 \u03B5\u03C4\u03B1\u03B9\u03C1\u03AF\u03B1\u03C2 \u03C0\u03BF\u03C5 \u03B4\u03B5\u03BD \u03B5\u03AF\u03BD\u03B1\u03B9 \u03B5\u03B9\u03C3\u03B7\u03B3\u03BC\u03AD\u03BD\u03B7 \u03C3\u03C4\u03BF \u03C7\u03C1\u03B7\u03BC\u03B1\u03C4\u03B9\u03C3\u03C4\u03AE\u03C1\u03B9\u03BF \u03B1\u03BE\u03B9\u03CE\u03BD."@el . . "Ein Aktienfonds ist ein Investmentfonds, der ausschlie\u00DFlich oder \u00FCberwiegend in Aktien investiert."@de . . . . . . . "La private equity (PE) \u00E8 una sfera/categoria di investimenti finanziari mediante la quale un'entit\u00E0 (generalmente un investitore istituzionale) apporta nuovi capitali, e dunque finanzia, una societ\u00E0 target con l'acquisto di azioni e/o sottoscrivendo azioni di nuova emissione apportando nuovi capitali all'interno dell'obiettivo. Pertanto, questi finanziamenti non creano debito, siccome le azioni non creano debito. Le societ\u00E0 obiettivo di base non devono essere quotate in borsa (listed company), tale per cui si dicono \"not publicly traded\"; siccome la borsa \u00E8 il mercato pubblico e regolamentato per eccellenza, essa fa parte della , l'opposto della private equity. Qualora le aziende siano quotate, se sono intenzionate ad abbandonare la borsa (delisting) si parla di . In dei casi, possono anch"@it . . . . . . . . "Soukrom\u00FD kapit\u00E1l (anglicky private equity) obvykle odkazuje na investi\u010Dn\u00ED fondy organizovan\u00E9 jako komanditn\u00ED spole\u010Dnosti, kter\u00E9 nejsou ve\u0159ejn\u011B obchodov\u00E1ny a jejich\u017E investory jsou zpravidla velc\u00ED institucion\u00E1ln\u00ED investo\u0159i, nebo bohat\u00ED jednotlivci. Firmy soukrom\u00E9ho kapit\u00E1lu jsou zn\u00E1my pro sv\u00E9 rozs\u00E1hl\u00E9 vyu\u017E\u00EDv\u00E1n\u00ED dluhov\u00E9ho financov\u00E1n\u00ED k n\u00E1kupu spole\u010Dnost\u00ED, kter\u00E9 restrukturalizuj\u00ED a pokou\u0161ej\u00ED se n\u00E1sledn\u011B prodat za vy\u0161\u0161\u00ED hodnotu. Dluhov\u00E9 financov\u00E1n\u00ED sni\u017Euje da\u0148ov\u00E9 zat\u00ED\u017Een\u00ED podnik\u016F a je jedn\u00EDm z hlavn\u00EDch zp\u016Fsob\u016F, jak\u00FDmi investuj\u00ED soukrom\u00E9 kapit\u00E1lov\u00E9 spole\u010Dnosti do podnik\u00E1n\u00ED."@cs . "Private equity"@pt . . . . . . . "Aktienfonds"@de . . . . . . . "Private equity is de benaming voor investeerders die buiten de aandelenbeurs om financieel in bedrijven participeren. Een beursgenoteerd bedrijf kan extra aandelen uitgeven op de beurs als het geld nodig heeft, een niet-beursgenoteerd bedrijf kan dat niet. Als een dergelijk bedrijf geldmiddelen nodig heeft kan het deze ophalen bij een bank of bij private investeerders. Private-equity-investeringen zijn er in verschillende orden van grootte: leveraged buyouts, waarbij gebruikgemaakt wordt van geleend geld, kunnen tot in de miljarden euro's groot zijn, terwijl een venturecapital-investering soms maar enkele honderdduizenden euro's bedraagt."@nl . . "\u80A1\u7968\u57FA\u91D1"@zh . . . . . . . . . . . . . . . "\u0399\u03B4\u03B9\u03C9\u03C4\u03B9\u03BA\u03AC \u03B5\u03C0\u03B5\u03BD\u03B4\u03C5\u03C4\u03B9\u03BA\u03AC \u03BA\u03B5\u03C6\u03AC\u03BB\u03B1\u03B9\u03B1"@el . . . . . . . . . . "1124857898"^^ . . "\u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u062E\u0627\u0635\u0629 \u0641\u064A \u0627\u0644\u0634\u0624\u0648\u0646 \u0627\u0644\u0645\u0627\u0644\u064A\u0629\u060C (\u0628\u0627\u0644\u0625\u0646\u062C\u0644\u064A\u0632\u064A\u0629: private equity )\u200F \u0647\u064A \u0641\u0626\u0629 \u0645\u0646 \u0641\u0626\u0627\u062A \u0627\u0644\u0623\u0635\u0648\u0644\u060C \u062A\u062A\u0645 \u0628\u0627\u0644\u0627\u0633\u062A\u062B\u0645\u0627\u0631 \u0641\u064A \u0634\u0631\u0643\u0627\u062A \u0645\u063A\u0644\u0642\u0629 \u063A\u064A\u0631 \u0645\u062F\u0631\u062C\u0629 \u0641\u064A \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064A\u0629 (\u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062A). \u0627\u0644\u0627\u0633\u062A\u062B\u0645\u0627\u0631 \u0641\u064A \u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u062E\u0627\u0635\u0629 \u0641\u064A \u0645\u0639\u0638\u0645 \u0627\u0644\u0623\u062D\u064A\u0627\u0646 \u062A\u0646\u0637\u0648\u064A \u0625\u0645\u0627 \u0639\u0644\u0649 \u0627\u0633\u062A\u062B\u0645\u0627\u0631 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0641\u064A \u0634\u0631\u0643\u0629 \u0639\u0627\u0645\u0644\u0629 \u0623\u0648 \u0625\u062D\u062F\u0649 \u0627\u0644\u0634\u0631\u0643\u0627\u062A \u0627\u0644\u0639\u0627\u0645\u0644\u0629. \u0648\u064A\u0631\u062A\u0641\u0639 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0645\u0639\u062F \u0644\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u062E\u0627\u0635\u0629 \u0645\u0646 . \u0648\u0647\u0646\u0627\u0643 \u0637\u0627\u0626\u0641\u0629 \u0648\u0627\u0633\u0639\u0629 \u0645\u0646 \u0623\u0646\u0648\u0627\u0639 \u0648\u0623\u0646\u0645\u0627\u0637 \u0645\u0646 \u0627\u0644\u0627\u0633\u0647\u0645 \u0627\u0644\u062E\u0627\u0635\u0629 \u0648\u0627\u0644\u0645\u0635\u0637\u0644\u062D equity \u064A\u062D\u0645\u0644 \u0645\u0639\u0627\u0646\u064A \u0645\u062E\u062A\u0644\u0641\u0629 \u0648\u0641\u0642\u0627 \u0644\u0643\u0644 \u0628\u0644\u062F. \u0645\u0646 \u0628\u064A\u0646 \u0627\u0644\u0627\u0633\u062A\u0631\u0627\u062A\u064A\u062C\u064A\u0627\u062A \u0627\u0644\u0623\u0643\u062B\u0631 \u0634\u064A\u0648\u0639\u0627 \u0644\u0644\u0627\u0633\u062A\u062B\u0645\u0627\u0631 \u0641\u064A \u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u062E\u0627\u0635\u0629 \u0634\u0631\u0627\u0621 \u0643\u0627\u0641\u0629 \u0627\u0644\u0623\u0633\u0647\u0645 \u0648\u0627\u0644\u062D\u0635\u0635\u060C \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0645\u063A\u0627\u0645\u0631\u060C \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0646\u0627\u0645\u064A\u060C \u0627\u0644\u0627\u0633\u062A\u062B\u0645\u0627\u0631\u0627\u062A distressed investments\u060C \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0646\u0635\u0641\u064A mezzanine capital\u060C \u0641\u064A \u0639\u0645\u0644\u064A\u0629 \u0634\u0631\u0627\u0621 \u0644\u0644\u0623\u0633\u0647\u0645 \u0646\u0645\u0648\u0630\u062C\u064A\u0629\u060C \u062A\u0634\u062A\u0631\u064A \u0634\u0631\u0643\u0629 \u0627\u0644\u0627\u0633\u062A\u062B\u0645\u0627\u0631\u0627\u062A \u0627\u0644\u062E\u0627\u0635\u0629 \u062A\u0634\u062A\u0631\u064A \u062D\u0635\u0629 \u0645\u0633\u064A\u0637\u0631\u0629 \u0645\u0646 \u0634\u0631\u0643\u0629 \u0642\u0627\u0626\u0645\u0629 \u0623\u0648 \u0643\u0628\u064A\u0631\u0629. \u0648\u0647\u0630\u0627 \u064A\u062E\u062A\u0644\u0641 \u0639\u0646 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0627\u0633\u062A\u062B\u0645\u0627\u0631\u064A \u0623\u0648 \u0646\u0645\u0648 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0627\u0633\u062A\u062B\u0645\u0627\u0631\u064A\u060C \u0627\u0644\u0630\u064A \u062A\u0633\u062A\u062B\u0645\u0631 \u0634\u0631\u0643\u0629 \u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u062E\u0627\u0635\u0629 \u0641\u064A \u0627\u0644\u0634\u0631\u0643\u0627\u062A \u0627\u0644\u0635\u063A\u064A\u0631\u0629\u060C \u0648\u0646\u0627\u062F\u0631\u0627 \u0645\u0627 \u062A\u062D\u0635\u0644 \u0639\u0644\u0649 \u0623\u063A\u0644\u0628\u064A\u0629 \u0645\u0633\u064A\u0637\u0631\u0629."@ar . . . . . . . "Private Equity (deutsch au\u00DFerb\u00F6rsliches Eigenkapital oder privates Beteiligungskapital) ist in der Betriebswirtschaftslehre der Anglizismus f\u00FCr eine Form des Beteiligungskapitals, bei der die vom Kapitalgeber eingegangene Beteiligung an Unternehmen nicht an geregelten M\u00E4rkten (B\u00F6rsen) handelbar ist. Die Kapitalgeber k\u00F6nnen private oder institutionelle Anleger sein; h\u00E4ufig sind es auf diese Beteiligungsform spezialisierte Kapitalbeteiligungsgesellschaften, die daher auch Private-Equity-Gesellschaften (PEG) genannt werden."@de . . . "Private Equity"@de . . . . . . . . . . . . . . . . . . . . . . . . . . . . . "El capital inversi\u00F3n (del ingl\u00E9s private equity)\u200B es un tipo de actividad financiera que consiste en la adquisici\u00F3n, por parte de una entidad especializada en capital inversi\u00F3n, del paquete mayoritario de acciones de una sociedad. La entidad de capital inversi\u00F3n se convierte de esta manera en el propietario mayoritario de la sociedad, normalmente de forma temporal, ya que transcurrido un tiempo se suele realizar la venta de las acciones compradas. El plazo de mantenimiento de la inversi\u00F3n es variable, normalmente en funci\u00F3n del \u00E9xito de la actividad desarrollada, ya que el objeto de la inversi\u00F3n no es la tenencia en s\u00ED de las acciones sino la obtenci\u00F3n de una rentabilidad en la operaci\u00F3n. Esta actuaci\u00F3n no tiene por qu\u00E9 suponer la captaci\u00F3n de nuevos fondos para la sociedad transmitida. Las operaciones de capital inversi\u00F3n suelen estar dirigidas a empresas maduras con flujos de caja estabilizados, en las que los anteriores propietarios desean vender su participaci\u00F3n bien sea por desavenencia entre los antiguos accionistas, problemas en la sucesi\u00F3n de empresas familiares o desinversi\u00F3n de filiales no consideradas estrat\u00E9gicas en grupos industriales. En algunos casos la operaci\u00F3n conlleva la salida del mercado de valores de la empresa transmitida El capital inversi\u00F3n tiene unas nociones ligeramente distintas al anterior concepto. Sirve para denominar la adquisici\u00F3n por parte del inversor del capital riesgo de las acciones de los actuales accionistas. Esta vez no se da una entrada de dinero v\u00EDa ampliaci\u00F3n de capital, sino que el capital riesgo se convierte en el propietario mayoritario, siendo los casos m\u00E1s habituales problemas sucesorios en empresas familiares o desinversi\u00F3n de divisiones que dejan de ser prioritarias en el caso de grandes conglomerados de empresas.Adem\u00E1s, dentro de este grupo se encuentran las operaciones conocidas como adquisici\u00F3n por la direcci\u00F3n (MBO), donde los gestores, con la ayuda del capital riesgo, compran la empresa asus actuales propietarios, pasando a ser ellos mismos, junto al fondo de capital riesgo, los nuevos due\u00F1os de la empresa"@es . . . . . . . . . . "\u79C1\u4EBA\u80A1\u6743\u6295\u8D44\uFF08\u82F1\u8A9E\uFF1Aprivate equity\uFF0C\u7B80\u79F0PE\uFF0C\u53C8\u79F0\u79C1\u52DF\u80A1\u6743\u6295\u8D44\u6216\u79C1\u52DF\u57FA\u91D1\uFF09\uFF0C\u662F\u4E00\u4E2A\u91D1\u878D\u5546\u696D\u5F88\u5BBD\u6CDB\u7684\u6982\u5FF5\uFF0C\u7528\u6765\u6307\u79F0\u5BF9\u4EFB\u4F55\u4E00\u79CD\u4E0D\u80FD\u5728\u80A1\u7968\u5E02\u573A\u81EA\u7531\u4EA4\u6613\u7684\u80A1\u6743\u8D44\u4EA7\u4E4B\u6295\u8D44\u3002\u88AB\u52A8\u7684\u673A\u6784\u6295\u8D44\u8005\uFF08\u4F8B\u5982\u5B98\u65B9\u990A\u8001\u8CC7\u91D1\u6C60\u3001\u4FDD\u96AA\u516C\u53F8\uFF09\u53EF\u80FD\u4F1A\u6295\u8D44\u79C1\u4EBA\u80A1\u6743\u6295\u8D44\u57FA\u91D1\uFF0C\u7136\u5F8C\u4EA4\u7531\u6295\u8D44\u516C\u53F8\u7BA1\u7406\u5E76\u6295\u5411\u76EE\u6807\u516C\u53F8\u3002\u79C1\u4EBA\u80A1\u6743\u6295\u8D44\u53EF\u4EE5\u5206\u4E3A\u4EE5\u4E0B\u79CD\u7C7B\uFF1A\u6760\u6746\u6536\u8D2D\u3001\u98CE\u9669\u6295\u8D44\u3001\u6210\u957F\u8D44\u672C\u3001\u5929\u4F7F\u6295\u8D44\u548C\u5939\u5C42\u878D\u8D44\u4EE5\u53CA\u5176\u4ED6\u5F62\u5F0F\u3002\u79C1\u4EBA\u80A1\u6743\u6295\u8D44\u57FA\u91D1\u7ECF\u5E38\u4F1A\u63A7\u5236\u6240\u6295\u8D44\u516C\u53F8\u7684\u7BA1\u7406\uFF0C\u800C\u4E14\u7ECF\u5E38\u4F1A\u5F15\u8FDB\u65B0\u7684\u7BA1\u7406\u56E2\u961F\u4EE5\u4F7F\u516C\u53F8\u4EF7\u503C\u63D0\u5347\u3002"@zh . . . "Capital privado, participa\u00E7\u00F5es privadas, investimento em empresas amadurecidas, ou investimento em empresas j\u00E1 estabelecidas (em ingl\u00EAs: private equity) \u00E9 um tipo de atividade financeira realizada por institui\u00E7\u00F5es que investem essencialmente em empresas que ainda n\u00E3o s\u00E3o listadas em bolsa de valores, ou seja, ainda est\u00E3o fechadas ao mercado de capitais, com o objetivo de captar recursos para alcan\u00E7ar desenvolvimento da empresa. Esses investimentos s\u00E3o realizados via empresas de participa\u00E7\u00F5es privadas, que gerem os fundos de private equity (FPE)."@pt . . . . . . . . . . . . . . . "191280"^^ . . . . . . . "Capital privado, participa\u00E7\u00F5es privadas, investimento em empresas amadurecidas, ou investimento em empresas j\u00E1 estabelecidas (em ingl\u00EAs: private equity) \u00E9 um tipo de atividade financeira realizada por institui\u00E7\u00F5es que investem essencialmente em empresas que ainda n\u00E3o s\u00E3o listadas em bolsa de valores, ou seja, ainda est\u00E3o fechadas ao mercado de capitais, com o objetivo de captar recursos para alcan\u00E7ar desenvolvimento da empresa. Esses investimentos s\u00E3o realizados via empresas de participa\u00E7\u00F5es privadas, que gerem os fundos de private equity (FPE)."@pt . . . . . "\u0427\u0430\u0441\u0442\u043D\u044B\u0435 \u0438\u043D\u0432\u0435\u0441\u0442\u0438\u0446\u0438\u0438 (\u0447\u0430\u0441\u0442\u043D\u044B\u0439 \u043A\u0430\u043F\u0438\u0442\u0430\u043B, \u0447\u0430\u0441\u0442\u043D\u043E\u0435 \u0438\u043D\u0432\u0435\u0441\u0442\u0438\u0440\u043E\u0432\u0430\u043D\u0438\u0435, \u0447\u0430\u0441\u0442\u043D\u044B\u0435 \u043A\u0430\u043F\u0438\u0442\u0430\u043B\u043E\u0432\u043B\u043E\u0436\u0435\u043D\u0438\u044F (\u0427\u041A), \u0430\u043D\u0433\u043B. Private Equity) \u2014 \u0432\u0438\u0434 \u0430\u043A\u0442\u0438\u0432\u043E\u0432, \u043F\u043E\u0434 \u043A\u043E\u0442\u043E\u0440\u044B\u043C \u043F\u043E\u043D\u0438\u043C\u0430\u0435\u0442\u0441\u044F \u0434\u043E\u043B\u044F \u0432 \u043A\u0430\u043F\u0438\u0442\u0430\u043B\u0435, \u043F\u0430\u0439 \u0438\u043B\u0438 \u0430\u043A\u0446\u0438\u0438 \u043A\u043E\u043C\u043F\u0430\u043D\u0438\u0438, \u043D\u0435 \u0440\u0430\u0437\u043C\u0435\u0449\u0451\u043D\u043D\u044B\u0435 \u043D\u0430 \u0444\u043E\u043D\u0434\u043E\u0432\u043E\u0439 \u0431\u0438\u0440\u0436\u0435 (\u0431\u0438\u0440\u0436\u0435 \u0446\u0435\u043D\u043D\u044B\u0445 \u0431\u0443\u043C\u0430\u0433)."@ru . . . . . . . . . . . . . . . . . . "El capital d'inversi\u00F3 (en angl\u00E8s, private equity), en les finances, \u00E9s una que consisteix en valors borsaris d'empreses que no cotitzen en una borsa de valors. Una inversi\u00F3 de capital privat, en general, ser\u00E0 realitzada per una empresa de capital d'inversi\u00F3, una empresa de capital de risc o un \u00E0ngel inversor. Cadascuna d'aquestes categories d'inversors t\u00E9 el seu propi conjunt d'objectius, prefer\u00E8ncies i estrat\u00E8gies d'inversi\u00F3; tanmateix, totes proporcionen capital de treball a una empresa amb l'objectiu de nodrir l'expansi\u00F3, el desenvolupament de nous productes o la reestructuraci\u00F3 de l'operativa, la gesti\u00F3 o la propietat de l'empresa."@ca . . . . . "Soukrom\u00FD kapit\u00E1l"@cs . . "91383"^^ . . . . "\u80A1\u7968\u57FA\u91D1\u662F\u6307\u6295\u8D44\u4E8E\u80A1\u7968\u7684\u57FA\u91D1\u3002\u6709\u4E9B\u7279\u5B9A\u7684\u80A1\u7968\u57FA\u91D1\u53EF\u80FD\u53EA\u6295\u8CC7\u65BC\u80A1\u5E02\u4E2D\u67D0\u4E00\u9886\u57DF\u7684\u80A1\u7968\uFF0C\u6216\u53EA\u6295\u8D44\u4E8E\u4E00\u4E2A\u56FD\u5BB6\u7684\u80A1\u5E02\uFF0C\u6216\u8BB8\u591A\u56FD\u5BB6\u7684\u80A1\u5E02\uFF0C\u6216\u67D0\u4E9B\u89C4\u6A21\u7684\u516C\u53F8\uFF0C\u5982\u5C0F\u578B\u516C\u53F8\u7684\u80A1\u7968\u3001\u5927\u578B\u516C\u53F8\u7684\u80A1\u7968\u7B49\u3002"@zh . . . .