{"id":6498,"date":"2026-03-13T06:11:09","date_gmt":"2026-03-13T06:11:09","guid":{"rendered":"https:\/\/hk.valtech-valuation.com\/?p=6498"},"modified":"2026-03-13T07:12:07","modified_gmt":"2026-03-13T07:12:07","slug":"%e8%b4%a2%e5%8a%a1%e6%8b%85%e4%bf%9d%e4%bc%b0%e5%80%bc","status":"publish","type":"post","link":"https:\/\/hk.valtech-valuation.com\/cn\/%e8%b4%a2%e5%8a%a1%e6%8b%85%e4%bf%9d%e4%bc%b0%e5%80%bc\/","title":{"rendered":"\u8d22\u52a1\u62c5\u4fdd\u4f30\u503c"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>Valtech \u6700\u8fd1\u5b8c\u6210\u4e86\u4e00\u9879\u4f30\u503c\u9879\u76ee\uff1a\u4e3a\u4e00\u5bb6\u4e0a\u5e02\u516c\u53f8\u5411\u5176\u5173\u8054\u516c\u53f8\u63d0\u4f9b\u7684\u8d22\u52a1\u62c5\u4fdd\u8fdb\u884c\u4f30\u503c\uff0c\u4ee5\u652f\u6301\u8be5\u5173\u8054\u516c\u53f8\u4ece\u94f6\u884c\u53d6\u5f97\u878d\u8d44\u76f8\u5173\u62c5\u4fdd\u7b26\u5408\u4f1a\u8ba1\u62ab\u9732\u8981\u6c42\u3002<\/p>\n<p>\u5728\u4f01\u4e1a\u96c6\u56e2\u7ed3\u6784\u4e2d\uff0c\u8d22\u52a1\u62c5\u4fdd\u5b89\u6392\u5341\u5206\u5e38\u89c1\uff0c\u4f8b\u5982\u6bcd\u516c\u53f8\u6216\u4e0a\u5e02\u516c\u53f8\u4e3a\u9644\u5c5e\u516c\u53f8\u6216\u5173\u8054\u516c\u53f8\u63d0\u4f9b\u4fe1\u7528\u589e\u7ea7\uff0c\u4ee5\u534f\u52a9\u5176\u83b7\u5f97\u94f6\u884c\u8d37\u6b3e\u3002\u7136\u800c\uff0c\u6b64\u7c7b\u62c5\u4fdd\u5f80\u5f80\u6d89\u53ca\u8d22\u52a1\u62a5\u544a\u53ca\u4f1a\u8ba1\u5904\u7406\u7684\u91cd\u8981\u5f71\u54cd\uff0c\u9700\u8981\u4e13\u4e1a\u8bc4\u4f30\u53ca\u4f30\u503c\u5206\u6790\u3002<\/p>\n<p>\u6839\u636e \uff08IFRS 9\u300a\u91d1\u878d\u5de5\u5177\u300b\uff09\uff0c\u5f53\u4f01\u4e1a\u6210\u4e3a\u8d22\u52a1\u62c5\u4fdd\u5408\u7ea6\u7684\u5408\u7ea6\u65b9\u65f6\uff0c\u53d1\u884c\u65b9\u9700\u5c06\u8be5\u62c5\u4fdd\u786e\u8ba4\u4e3a\u91d1\u878d\u8d1f\u503a\u3002\u6b64\u91d1\u878d\u8d1f\u503a\u5728\u521d\u59cb\u786e\u8ba4\u65f6\u9700\u4ee5\u516c\u5141\u4ef7\u503c\u8ba1\u91cf\uff0c\u4ee5\u53cd\u6620\u62c5\u4fdd\u6240\u63d0\u4f9b\u7684\u4fe1\u7528\u652f\u6301\u4ef7\u503c\u3002<\/p>\n<p>\u5728\u4f1a\u8ba1\u53ca\u4f30\u503c\u65b9\u9762\uff0c\u901a\u5e38\u9700\u8981\u91cd\u70b9\u5173\u6ce8\u4ee5\u4e0b\u4e8b\u9879\uff1a<\/p>\n<p><strong>1\ufe0f\u20e3 \u8bc6\u522b\u4e0e\u5206\u7c7b<\/strong><br \/>\n\u5224\u65ad\u76f8\u5173\u5b89\u6392\u662f\u5426\u7b26\u5408 IFRS 9 \u4e2d\u300c\u8d22\u52a1\u62c5\u4fdd\u5408\u7ea6\u300d\u7684\u5b9a\u4e49\u3002<\/p>\n<p><strong>2\ufe0f\u20e3 \u521d\u59cb\u786e\u8ba4\u4e0e\u516c\u5141\u4ef7\u503c\u8ba1\u91cf<\/strong><br \/>\n\u62c5\u4fdd\u63d0\u4f9b\u65f6\uff0c\u5e94\u4ee5\u516c\u5141\u4ef7\u503c\u786e\u8ba4\u8be5\u91d1\u878d\u8d1f\u503a\uff0c\u4ee5\u53cd\u6620\u6240\u63d0\u4f9b\u7684\u4fe1\u7528\u652f\u6301\u4ef7\u503c\u3002<\/p>\n<p><strong>3\ufe0f\u20e3 \u540e\u7eed\u8ba1\u91cf<\/strong><br \/>\n\u5728\u540e\u7eed\u671f\u95f4\uff0c\u6b64\u91d1\u878d\u8d1f\u503a\u901a\u5e38\u4f1a\u4ee5\u4ee5\u4e0b\u4e24\u8005\u4e2d\u8f83\u9ad8\u8005\u8ba1\u91cf\uff1a<\/p>\n<p>\u4ee5 IFRS 9 \u9884\u671f\u4fe1\u7528\u635f\u5931\uff08ECL\uff09\u6a21\u578b\u8ba1\u7b97\u7684\u635f\u5931\u51c6\u5907\uff1b\u6216<\/p>\n<p>\u521d\u59cb\u786e\u8ba4\u91d1\u989d\u51cf\u53bb\u5df2\u786e\u8ba4\u7684\u7d2f\u8ba1\u6536\u76ca\u3002<\/p>\n<p><strong>4\ufe0f\u20e3 \u5e38\u89c1\u4f30\u503c\u65b9\u6cd5<\/strong><br \/>\n\u4f30\u8ba1\u8d22\u52a1\u62c5\u4fdd\u516c\u5141\u4ef7\u503c\u65f6\uff0c\u5e38\u89c1\u65b9\u6cd5\u5305\u62ec\uff1a<\/p>\n<p>\u9884\u671f\u635f\u5931\u6cd5\uff08Expected Loss Method\uff09<\/p>\n<p>\u4fe1\u7528\u5229\u5dee\u6cd5\uff08Credit Spread Method\uff09\uff08\u6bd4\u8f83\u6709\u62c5\u4fdd\u4e0e\u65e0\u62c5\u4fdd\u878d\u8d44\u6210\u672c\u5dee\u5f02\uff09<\/p>\n<p>\u9009\u62e9\u6743\u6216\u6216\u6709\u7d22\u507f\u6a21\u578b\uff08Option \/ Contingent Claim Models\uff09\uff08\u9002\u7528\u4e8e\u8f83\u590d\u6742\u7ed3\u6784\uff09<\/p>\n<p><strong>5\ufe0f\u20e3 \u5173\u8054\u4ea4\u6613\u53ca\u63ed\u9732\u8981\u6c42<\/strong><br \/>\n\u82e5\u62c5\u4fdd\u6d89\u53ca\u5173\u8054\u65b9\u4ea4\u6613\uff0c\u8fd8\u9700\u8981\u8003\u8651\uff1a<\/p>\n<p>\u662f\u5426\u7b26\u5408\u72ec\u7acb\u4ea4\u6613\u539f\u5219\uff08arm\u2019s length\uff09<\/p>\n<p><strong>\u8d22\u52a1\u62a5\u8868\u63ed\u9732\u8981\u6c42<\/strong><\/p>\n<p>\u96c6\u56e2\u6574\u4f53\u8d22\u52a1\u98ce\u9669\u66dd\u9669\u3002<\/p>\n<p>\u6b64\u7c7b\u9879\u76ee\u53cd\u6620\u4e86\u4f30\u503c\u3001\u8d22\u52a1\u62a5\u544a\u53ca\u4fe1\u7528\u98ce\u9669\u5206\u6790\u4e4b\u95f4\u7684\u4ea4\u53c9\u9886\u57df\uff0c\u4e5f\u51f8\u663e\u5728 IFRS \u6846\u67b6\u4e0b\u8fdb\u884c\u4e25\u8c28\u4f30\u503c\u7684\u91cd\u8981\u6027\u3002<\/p>\n<p>Valtech \u6301\u7eed\u4e3a\u4e0a\u5e02\u516c\u53f8\u53ca\u91d1\u878d\u673a\u6784\u63d0\u4f9b\u4e13\u4e1a\u670d\u52a1\uff0c\u534f\u52a9\u5904\u7406\u6d89\u53ca\u91d1\u878d\u5de5\u5177\u3001\u8d22\u52a1\u62c5\u4fdd\u53ca\u7ed3\u6784\u6027\u878d\u8d44\u5b89\u6392\u7684\u590d\u6742\u4f30\u503c\u95ee\u9898\u3002<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Valtech \u6700\u8fd1\u5b8c\u6210\u4e86\u4e00\u9879\u4f30\u503c\u9879\u76ee\uff1a\u4e3a\u4e00\u5bb6\u4e0a\u5e02\u516c\u53f8\u5411\u5176\u5173\u8054\u516c\u53f8\u63d0\u4f9b\u7684\u8d22\u52a1\u62c5\u4fdd\u8fdb\u884c\u4f30\u503c\uff0c\u4ee5\u652f\u6301\u8be5\u5173\u8054\u516c\u53f8\u4ece\u94f6\u884c\u53d6\u5f97\u878d\u8d44\u76f8\u5173\u62c5\u4fdd\u7b26\u5408\u4f1a\u8ba1\u62ab\u9732\u8981\u6c42\u3002<\/p>\n","protected":false},"author":1,"featured_media":6508,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[205,141,214,150],"tags":[169,148],"class_list":{"0":"post-6498","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category--cn","9":"category-214","11":"tag-ifrs-9-cn","12":"tag--cn"},"_links":{"self":[{"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/posts\/6498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/comments?post=6498"}],"version-history":[{"count":3,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/posts\/6498\/revisions"}],"predecessor-version":[{"id":6510,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/posts\/6498\/revisions\/6510"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/media\/6508"}],"wp:attachment":[{"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/media?parent=6498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/categories?post=6498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/tags?post=6498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}