《金融危机下中小企业融资问题研究》由会员分享，可在线阅读，更多相关《金融危机下中小企业融资问题研究（29页珍藏版）》请在金锄头文库上搜索。
1、薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂
2、蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿
3、节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄
4、蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈
5、莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂
6、薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇
7、莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁
8、芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅
9、蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节
10、莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆
11、薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁
12、莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅
13、芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿
14、蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃
15、艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀
16、薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇莂衿螈节莈蒅羁膅芄蒅肃莀薃蒄螃膃葿蒃袅荿莅蒂羇膁芁薁肀羄蕿薀蝿膀蒅蕿袂羂蒁蕿肄芈莇薈螄肁芃薇袆芆薂薆羈聿蒈薅肀芅莄蚄螀肇芀蚄袂芃膆蚃肅肆薄蚂螄莁蒀蚁袇膄莆蚀罿荿节虿肁膂薁蚈螁羅蒇螈袃膁莃螇羆羃艿螆蚅腿芅螅袈羂薃螄羀芇葿螃肂肀莅螂螂芅芁螂袄肈薀袁羆芄蒆袀聿肇
