上市公司國(guó)有股權(quán)轉(zhuǎn)讓問(wèn)題研究武漢華銳管理咨詢有限公司張瀚云2004年9月20日來(lái)源

2003年6月11日，*ST明珠發(fā)布公告稱，收到國(guó)資委同意大股東將其持有的*ST明珠4863.8萬(wàn)股國(guó)家股分別轉(zhuǎn)讓給山東兩家公司的批復(fù)，這是國(guó)資委掛牌后批準(zhǔn)的首家涉及國(guó)有股權(quán)轉(zhuǎn)讓的上市公司，同時(shí)，深圳市和上海市政府也在新聞媒體上公告加速上市公司國(guó)有股權(quán)的轉(zhuǎn)讓及合理配置工作，這些都標(biāo)志著新型國(guó)有資產(chǎn)管理格局基本形成，上市公司國(guó)有股權(quán)轉(zhuǎn)讓逐步納入有法可依、有章可循的有序化發(fā)展的軌道。在國(guó)有經(jīng)濟(jì)戰(zhàn)略調(diào)整的背景下，新一輪上市公司國(guó)有股權(quán)轉(zhuǎn)讓潮來(lái)臨之際，關(guān)注國(guó)有股轉(zhuǎn)讓中存在的問(wèn)題，分析如何形成規(guī)范化的轉(zhuǎn)讓規(guī)則，都成為值得我們深入研究的課題。問(wèn)題的提出上市公司國(guó)有股權(quán)轉(zhuǎn)讓的政策和趨勢(shì)目錄一、上市公司國(guó)有股權(quán)轉(zhuǎn)讓相關(guān)政策的回顧二、近期法規(guī)對(duì)國(guó)有股權(quán)轉(zhuǎn)讓活動(dòng)的推動(dòng)三、國(guó)有股權(quán)轉(zhuǎn)讓活動(dòng)的趨勢(shì)分析四、存在的問(wèn)題五、需要重視的問(wèn)題上望市肚公她司兵國(guó)盈有森股青權(quán)昂轉(zhuǎn)羊讓壯的拍政從策去演測(cè)變國(guó)御有聲股霧權(quán)氣轉(zhuǎn)來(lái)讓線的筋發(fā)車展政細(xì)策笑演到變萌薦芽傲階乓段箱（部1蔥9句9曉4嗓~秘2當(dāng)0疼0琴0通.您8礎(chǔ)）恒脹通眾協(xié)造議甲受顯讓撒S圈T懷棱贊光資智產(chǎn)準(zhǔn)運(yùn)掛作灶、抽借巨殼到上聞市否箏定鴉階張段都（館2睡0嗚0殲0鐮.蛛8拴-見(jiàn)2案0店0作2脆.刊6裙）活號(hào)躍型階秧段亞（旅2奏0罷0你2撫.艇6添~校2腰0巖0堪3更.蛾6桃）方撈向汁光省電雖轉(zhuǎn)鄭讓哀國(guó)漢有鹿股茂權(quán)同略業(yè)啦兼脅并順、懶外丟資稱并檔購(gòu)連、孩行位業(yè)摸重腔組發(fā)暫展大階星段績(jī)（援2門(mén)0王0托3株.籠6核~亞至尊今窩）S截T是明緞珠虜國(guó)盼有擇股今轉(zhuǎn)令讓國(guó)皇民兩經(jīng)黑濟(jì)伯戰(zhàn)喂略您調(diào)做整轎國(guó)帖退紛民據(jù)進(jìn)謹(jǐn)征慎旗對(duì)咽待~筆~皂《篇公收司沾法慎》~戰(zhàn)~適《娛股博份保有怖限紋公械司旋國(guó)盆有列股換股籌東行鞠使逼股抖權(quán)歡行矛為涉規(guī)象范刑意編見(jiàn)消》~會(huì)~獄《鍛關(guān)陡于勤股鏡份技有暗限紹公則司廚國(guó)扇有仰股籌權(quán)管案理聰工尖作喉有盞關(guān)蹦問(wèn)難題良的輩通艘知轎》全推面熔暫拐停引省導(dǎo)箱推魯動(dòng)~版~屋《朋上崖市勻公抹司饅收懸購(gòu)鐮管昆理啞辦篩法滿》~賤~《底關(guān)牽于膀向各外伴商爪轉(zhuǎn)躁讓嗎上舞市跪公縱司艱國(guó)榴有耍股和蹲法棉人蟻股振有缺關(guān)芽問(wèn)孩題毯的再通事知硬》規(guī)麗范羞化~沫~《傲企楊業(yè)府國(guó)摟有刑資芽產(chǎn)從監(jiān)驗(yàn)督約管爭(zhēng)理宰暫鈔行賄條瀉例趕》~情~《偶上劍市驚公知司跑國(guó)崗有濕股顏轉(zhuǎn)蓋讓牙的納指蜜導(dǎo)名意奶見(jiàn)央》互瓶動(dòng)上混市劃公瓶司世國(guó)塔有催股袍權(quán)廢轉(zhuǎn)餐讓爺?shù)母`監(jiān)裁管艙層國(guó)黎有擠股動(dòng)權(quán)餐轉(zhuǎn)碗讓正的現(xiàn)因有腫監(jiān)堂管扁體讀系證惕監(jiān)進(jìn)會(huì)交豆易頂所經(jīng)邁貿(mào)窮委外竹經(jīng)污貿(mào)宿部（投財(cái)囑政哀部泡）國(guó)屢資途委其渴他蝦部紫門(mén)上嚴(yán)市蜂公產(chǎn)司斯股壤權(quán)尿轉(zhuǎn)議讓櫻的匪監(jiān)龍管埋部孟門(mén)可:轉(zhuǎn)獄讓默行堤為揪的摩實(shí)挪質(zhì)伙性遠(yuǎn)、饅合捷規(guī)枝性授審枝查佛；強(qiáng)登調(diào)雙保甚護(hù)改“避中早小推投猴資援者像的頸利蛙益秋”雖。信萍息罰披纖露圓合屈規(guī)糟性犬審慚查扣；維慌持椅證添券身交呆易災(zāi)公炒平趣。外番資發(fā)收同購(gòu)向是紐奉否收符屑合外敏商訓(xùn)投座資凈產(chǎn)摟業(yè)隨政烈策恒。特豬殊缺行需業(yè)緒準(zhǔn)局入點(diǎn)限箭制啟監(jiān)綁管國(guó)禾有已股加權(quán)響轉(zhuǎn)鍬讓叔的年核由心翁管肆理幟部穗門(mén)保：股掛權(quán)細(xì)轉(zhuǎn)宋讓濕性液質(zhì)宅的霞界氣定熊；強(qiáng)他調(diào)死“勒國(guó)支有孤資丑產(chǎn)親保防值擺增辣值資”賺。上苦市挨公掃司專國(guó)縮慧有好股票權(quán)引轉(zhuǎn)向讓絞監(jiān)辯管孟的壇法搏規(guī)呈體結(jié)系監(jiān)濱管租部個(gè)門(mén)并主焰要圾法粒規(guī)積依跨據(jù)《兔公勾司位法愁》其、錘《幣證聰券席法送》證智監(jiān)逐會(huì)腹《顫上淹市斧公裙司棗收陷購(gòu)賢管駱理透辦武法述》《圍上庭市宋公回司霉股腥東曲持耗股習(xí)變筋動(dòng)償信拘息息披素露趕管負(fù)理啞辦懼法蜓》《承上網(wǎng)市棗公無(wú)司城收詳購(gòu)薦管焰理舞辦腐法備》交碼易連所么《名上蠟市象公庫(kù)司直股獅東臂持脾股從變?nèi)?dòng)凈信摔息早披稠露薪管質(zhì)理嗽辦臥法赴》《果股賴票憤上偶市飲規(guī)霜?jiǎng)t滔》《宏上拍市蘆公揚(yáng)司須非寫(xiě)流捎通洽股輕協(xié)勢(shì)議逼轉(zhuǎn)裂讓狡業(yè)酬務(wù)壇辦損理洋規(guī)萍則麥》《賢股們份妨有區(qū)限榨公煎司糞國(guó)都有搭股營(yíng)股溫東獨(dú)行嘆使閘股講權(quán)柳行哲為倒規(guī)幸范匠意晃見(jiàn)室》財(cái)汪政婚部耀《彼關(guān)抽于渴股稍份惜有虧限攪公寒司苗國(guó)貧有蔥股泊權(quán)頭管捎理搏有抹關(guān)糞問(wèn)呈題匆的剝通丹知籃》國(guó)安資們委趟《炒企謊業(yè)首國(guó)泛有自資轉(zhuǎn)產(chǎn)腸監(jiān)皆督口管睡理猶暫鋤行胖條掠例亭》《手關(guān)已于墓企住業(yè)義國(guó)青有時(shí)產(chǎn)蛛權(quán)早轉(zhuǎn)店讓爬有乞關(guān)述問(wèn)潤(rùn)題標(biāo)的誦通拿知拾》經(jīng)磨貿(mào)挽委任《酬外篇商無(wú)投化資紀(jì)方絹向半規(guī)銳定里》《壯外告商幫投烈資姐產(chǎn)侵業(yè)亭指滿導(dǎo)叨目杯錄愧》外窩經(jīng)胞貿(mào)厭部外《標(biāo)關(guān)客于躲向待外隙商僑轉(zhuǎn)燭讓摟上這市法公明司麥國(guó)雜有挑股比及移法旋人杏股柏有伸關(guān)脹問(wèn)沉題顯的盆通縫知涼》《從關(guān)達(dá)于銜上貓市躺公崗司豪涉以及治外歇商縮慧投挨資席有駛關(guān)球問(wèn)沉題魂的訂若嫂干媽意勤見(jiàn)烤》兩蜂點(diǎn)投總?cè)艚Y(jié)上傘市油公富司想國(guó)詢有液股厭權(quán)役轉(zhuǎn)烤讓議的夕政箱策素演化進(jìn)菌與編國(guó)汁有和經(jīng)付濟(jì)比布舞局資調(diào)竿整喪密蘋(píng)切權(quán)相標(biāo)關(guān)政。上黃市哪公住司它國(guó)必有率股襲權(quán)券轉(zhuǎn)辱讓教的建實(shí)辱踐捆活權(quán)動(dòng)期與粥相趕關(guān)豎制滅度購(gòu)的悼供耳給仍互斥動(dòng)喉發(fā)倒展根。推缸動(dòng)丟作灑用憂之券一寬改松按的刻政瞧策扮環(huán)尋境謹(jǐn)有且利吹于駛轉(zhuǎn)強(qiáng)讓脂行職為絕的域活益躍受枯讓醉方主桂體恨資誰(shuí)格肝放鍵寬飄，杜明經(jīng)確諷了越自駛?cè)黄饺俗?、租管堆理突層峽、封外撲資受勤讓的破合謝法紫地張位仔。受島讓張方主躲體瀉范厲圍且擴(kuò)磁大肺，肚可甘以鞠吸遞引副更淚多釣有是實(shí)晝力把的乖市秩場(chǎng)渾主筒體零進(jìn)語(yǔ)入網(wǎng)證稍券礦市飽場(chǎng)敞，字促惕使銅上孫市紹公松司塵的治國(guó)捷有脖股類權(quán)伙轉(zhuǎn)淺讓裙的界活濕動(dòng)叢更約加遼活嫌躍羨。推推動(dòng)插作新用齡之待二明流確敲的謹(jǐn)操種作標(biāo)指線引感促翻進(jìn)指國(guó)友有火股集權(quán)抽轉(zhuǎn)遠(yuǎn)讓楊的帆健居康諒發(fā)設(shè)展近裕期茶頒箭布負(fù)的獎(jiǎng)法優(yōu)規(guī)卸與惹既激有玩法噸規(guī)珍互芒為錄補(bǔ)幣充紡、灰互狡為塑銜統(tǒng)接抗，批初塔步杠形而成包了小比秒較畝完池善惡的激上寶市葉公冤司怪國(guó)墳有帆股爐權(quán)剩轉(zhuǎn)蜜讓挪的渣法醒律奮框懼架避。一田改豬原精有認(rèn)法繁規(guī)粒粗凱線鐮規(guī)港定較的歪特利點(diǎn)愈，強(qiáng)為燙上際市震公托司辦國(guó)稻有吧股媽權(quán)懲轉(zhuǎn)羽讓犁提塑供鉗了路明老確駕的陪操猾作刺指孩引黑，消激次發(fā)早轉(zhuǎn)鼠讓輛活冒動(dòng)缸的蘇發(fā)圓生腫。明繁確債規(guī)禽定教了懼國(guó)碌有信股緊權(quán)挪轉(zhuǎn)絕讓觸的烈申潔請(qǐng)唇豁材免靜權(quán)萍，磁降泳低止轉(zhuǎn)合讓辦成型本捷。推替動(dòng)鄭作貌用決之劣三透斥明嘆的繩信偽息攜披頃露冒制晶度申有絞利魂于筋國(guó)沉有膨股榮權(quán)漢定技價(jià)涉公及災(zāi)上喚市緞公倚司宋國(guó)遇有堪股堅(jiān)權(quán)含性欣質(zhì)贊變銜化谷的鉤轉(zhuǎn)些讓到偶產(chǎn)非權(quán)籠交考易呀所鉗進(jìn)捉行急公箏開(kāi)免交堵易造，押是勸國(guó)耳有段產(chǎn)旅權(quán)御交祝易悟通檢過(guò)耕更氏加肢公申開(kāi)因、窗更隊(duì)加送透流明杜的檢市尼場(chǎng)耗化喘方揭式幣，共使晃國(guó)解有示資廟產(chǎn)嘗定遲價(jià)劫更議加際合構(gòu)理叨。產(chǎn)猛權(quán)粱轉(zhuǎn)件讓繭方侄案耳過(guò)殖程擊中姥中朵介節(jié)機(jī)我構(gòu)但的室引傍入燈了嘩表青明加了間國(guó)秤有辭產(chǎn)添權(quán)奏改袋革閣將氏采醬取椅更卸加愿開(kāi)知放靈的始態(tài)里度返，焦以司吸尿取返社掉會(huì)桂各暮方宣智也慧吹推鑒進(jìn)川國(guó)逗有亞產(chǎn)敬權(quán)舞改竿革返的皆順強(qiáng)利份進(jìn)盒行館。轉(zhuǎn)滾讓草款免項(xiàng)蹲需班全害額稅現(xiàn)脖金刑支撇付穴，莊對(duì)氧受范讓刪方糧的改實(shí)兄力卻要刮求養(yǎng)提庭高嗎。國(guó)肺有阿股咬權(quán)置轉(zhuǎn)現(xiàn)讓脈活債動(dòng)月的息趨盟勢(shì)健分黑析轉(zhuǎn)項(xiàng)讓概目暗的筋健猴康屆化轉(zhuǎn)先讓闖活膠動(dòng)頂中創(chuàng)短珍期供行片為洗少愛(ài)；財(cái)具務(wù)晨導(dǎo)屠向序演則變候?yàn)榘驊?zhàn)與略淘導(dǎo)狹向佛；投仰機(jī)滑趨良動(dòng)憲演甲變報(bào)為蠟產(chǎn)筋業(yè)餡趨稱動(dòng)?jì)稹ａ樋麑?duì)荷一課些堤“爺小南、糊弱州、五病患”胡的票保腰“女殼碧”逼轉(zhuǎn)短讓均在撿一辰定笑時(shí)億期奴內(nèi)手仍惡存較在申，報(bào)但插更煎多疾優(yōu)蟲(chóng)勢(shì)泊互卵補(bǔ)雕、幅強(qiáng)事強(qiáng)鬼聯(lián)悉合消的莊國(guó)債有輕經(jīng)情濟(jì)砍戰(zhàn)錯(cuò)略齒性收轉(zhuǎn)泊讓音案跡例國(guó)壯有匹股領(lǐng)權(quán)杏轉(zhuǎn)讓讓孔活缸動(dòng)茂的選趨籮勢(shì)偽分深析轉(zhuǎn)鴿讓度行齊為危規(guī)瓣范睛化原慶國(guó)腥有值股悅權(quán)幸轉(zhuǎn)逆讓枝的壩灰豆色洪行券為膜得友到肅規(guī)病范彼；司塌法鬧轉(zhuǎn)糟讓股門(mén)權(quán)挖托山管信殘息繳披噸露爪更籠加陷及床時(shí)壯充房誠(chéng)分產(chǎn)舊權(quán)鴿交急易渴所證曉券摔交兇易誰(shuí)所國(guó)蔽有底股穩(wěn)權(quán)藥轉(zhuǎn)尖讓乏活費(fèi)動(dòng)吧的爺趨押勢(shì)級(jí)分惰析轉(zhuǎn)多讓后方點(diǎn)式妄多易樣椒化S釣T時(shí)樺患林脾被傍新楊加剃坡聲佳伸通僑輪蘿胎蘆(卡中稻國(guó)鄭)似投憐資瓣有遷限康公悄司腰通蘿過(guò)值競(jìng)伙拍狠收璃購(gòu)圣4氏4悔.遼4永3搞%費(fèi)股筋權(quán)泄，能標(biāo)亡志味著饅外熔資踩競(jìng)鳥(niǎo)購(gòu)波上獄市推公促司查國(guó)虧有抖股奇已玻成拴為必可危能映；T到C汪L栗集模團(tuán)倍股同份喂有此限福公方司頓吸秤收系合榨并訴上夸市次公舟司化T當(dāng)C永L句通憑訊罪，掙母政公疊司容吸樣收斃合行并惕子獸公護(hù)司春，抄實(shí)絨現(xiàn)么集菊?qǐng)F(tuán)蠻公獨(dú)司酬整猴體微上她市氧；南亭京大新昌百粘國(guó)糕有古股陳在繪地站方誤產(chǎn)爪權(quán)令交蕉易擦中駕心區(qū)掛座牌揉轉(zhuǎn)嗓讓禁，頭“養(yǎng)公斷開(kāi)到征魂集區(qū)國(guó)陳有蔥股鴿?rùn)?quán)頌受稻讓倦人伴”膀等寇。上扯市爬公當(dāng)司廉國(guó)管有聰股必權(quán)謹(jǐn)協(xié)濫議鴿轉(zhuǎn)報(bào)讓纏基謀本停流嬸程國(guó)透有吉股召權(quán)稻協(xié)上議悄轉(zhuǎn)倚讓腐基完本幟流怨程舊示層意雙雁方灰達(dá)斜成吊一市致國(guó)隆有香股婦權(quán)蓋轉(zhuǎn)不讓產(chǎn)疲權(quán)乓交賺易送所次哨日通濤知敬上仁市畫(huà)公直司向德證模監(jiān)芝會(huì)喇報(bào)業(yè)送收急購(gòu)福報(bào)駁告雕書(shū)抄疫送坑證額券示交填易油所和舅證和券叮會(huì)答派慮出文機(jī)鵝構(gòu)董膛事尤會(huì)壤發(fā)冰表毫意映見(jiàn)獨(dú)造立毫董裳事眾發(fā)傷表?yè)?jù)意季見(jiàn)收腥購(gòu)那報(bào)斬告碼書(shū)掛摘菜要做再提莊示鏈性刺公爹告省液市旋政形府省肢市鄉(xiāng)豐國(guó)么資撓辦國(guó)代資溉委證萍監(jiān)券會(huì)助是否幟有偶異怎議受糾讓樓人賽公刺告收乘購(gòu)奸報(bào)怨告?zhèn)麜?shū)1假5底日厘內(nèi)無(wú)批忍準(zhǔn)受叢讓壘人訂履見(jiàn)行卡收際購(gòu)貨協(xié)辮議過(guò)撕戶存巷在批的愧問(wèn)米題匹之啟一國(guó)鈔有研股碼權(quán)杰轉(zhuǎn)健讓嘆政軋策器不物穩(wěn)閑定吸，叢轉(zhuǎn)層讓屑程竊序構(gòu)不滴明舉確裝，存使廉國(guó)秘有立股恭轉(zhuǎn)墻讓叢通逝道晶不國(guó)暢衫，紹影詢響獸上疲市跳公厲司息重務(wù)組蠻。由搞于揮國(guó)桃有償股朱權(quán)話的小轉(zhuǎn)唱讓幕，弱涉尿及債國(guó)看有配資唯產(chǎn)血的重轉(zhuǎn)笑移謊，耗稍羞有棍不臣慎夾，蠢導(dǎo)卻致濟(jì)國(guó)酷有條資油產(chǎn)咽流編失社，柴后維果律十徹分久嚴(yán)如重吳，裂因騎此摸國(guó)傘有怕股另權(quán)路管冬理縣部鍬門(mén)楚對(duì)英轉(zhuǎn)蜻讓涉國(guó)午有石股抽權(quán)甚的偷批籮準(zhǔn)錦十生分封慎南重尋，革尤擁其腿是猾涉遠(yuǎn)及滿國(guó)罰有衫股餃權(quán)裁性錘質(zhì)饅變墨動(dòng)船，摔流轉(zhuǎn)向持私桑有斬部冠門(mén)豈時(shí)算更部是給難菌上江加筋難完。新車的胸國(guó)爬資澡管覽理身模橡式稀建騾立繭起權(quán)來(lái)善以是后槳，剃面殃臨漸加芝快挎國(guó)傘有象股嬌權(quán)傅轉(zhuǎn)櫻讓哄的紋審義批仁速刪度耗以坡及煩規(guī)索范獨(dú)國(guó)別有軌股備轉(zhuǎn)維讓畫(huà)規(guī)斷則篇的加新病任漸務(wù)想，錫既藏要鈴體呆現(xiàn)蒜政層府蠅的跪?qū)合蜣q性昨，程更姑要獨(dú)體伐現(xiàn)吧國(guó)摘有室股爸權(quán)共轉(zhuǎn)雖讓呆的稻市念場(chǎng)飼化東的澡運(yùn)逼作桶模麥?zhǔn)街?，蔑以布提代高唇?guó)招有法股最權(quán)學(xué)轉(zhuǎn)余讓炒的揪效掘率潔。存嬌在歷的碑問(wèn)野題耕之仿二關(guān)懶于彈國(guó)增有融股挎權(quán)繪轉(zhuǎn)叛讓蘋(píng)的克定際價(jià)訪問(wèn)諷題卵。目拜前止國(guó)括有撿股點(diǎn)協(xié)酒議誘轉(zhuǎn)矛讓皆的碼案迫例析，幕基綢本朵上厘按如凈歲資百產(chǎn)嫩價(jià)艷值股作身為糟定錯(cuò)價(jià)淘的泳依合據(jù)移。允這降種摔定華價(jià)絲式方匙式傷的普不窗合遍理扒之普處傾在貞于婚，草公塔司年有欺形準(zhǔn)資身產(chǎn)阿重橫置燦價(jià)耳值俯或汁賬堤面榮價(jià)營(yíng)值偏不里能金反鄭映沿出榴具厘有爭(zhēng)持添續(xù)予經(jīng)夕營(yíng)腦能暢力忍的功企皮業(yè)撕股吵權(quán)盾價(jià)舉值圣，較盈皺利灑能故力敢強(qiáng)映的膠優(yōu)牛質(zhì)順資哨產(chǎn)狐可爬能歲與執(zhí)缺番乏茶持均續(xù)湊經(jīng)窩營(yíng)繁能烈力注的笛資航產(chǎn)貍賬趟面拳價(jià)拋值廣相娛差擺無(wú)妥幾截。存教在權(quán)的夾問(wèn)獅題炕之青三受肢讓脅方俗的負(fù)資死質(zhì)庭審邪查貼問(wèn)秘題有梨的賴受紐奉讓腸方脂是蜻新濤組童建幅的丟公鑰司斗，華由鏈于銳新既成特立蠢的五公硬司騙并斜不縮慧是煎一傍個(gè)務(wù)成霧熟礙的撐公攀司箭，巴沒(méi)促有走成棍熟雞的禽管吩理勉經(jīng)駱驗(yàn)僵和餓公襪司斧運(yùn)猶作編經(jīng)匹營(yíng)珍，第不昂利圖于灰企澤業(yè)包的拉經(jīng)糠營(yíng)釀和宗發(fā)繭展洪；憶因椒此錯(cuò)參短與許國(guó)組有賀股撐競(jìng)無(wú)價(jià)俊也悉必巖須牲是砌滿腔足拋一辦定珠資途質(zhì)遵的丙公春司豈，礎(chǔ)如胸要就求粉受育讓躲方晴對(duì)肥外瀉投景資雕不胖能決超慘過(guò)搖其農(nóng)凈富資社產(chǎn)號(hào)的學(xué)一赤定貍比丈例閱的撤要飯求禮，鮮或昌行確業(yè)哈運(yùn)威作俱經(jīng)漿驗(yàn)宏等充等羅，椒以伍保隊(duì)證蒼公矛司揀在統(tǒng)國(guó)貿(mào)有瞞股拳權(quán)輕轉(zhuǎn)紅讓?xiě){后棵提陶高贏經(jīng)夫營(yíng)腐能鎮(zhèn)力航和燈市救場(chǎng)芒競(jìng)森爭(zhēng)槐力止；存委在爺?shù)陌釂?wèn)哭題怖之溫四缺提乏敲中惠介版機(jī)納構(gòu)糕的乞全翻程忌參耗與如促在戴國(guó)碌有跪股份權(quán)