美国通用电气(GE)被认为是目前产业与金融结合最好的公司之一,金融业务也视作通用电气成功转型多元化的象征之一。从20世纪80年代至今创造了高达1070亿美元的收益,然而自2015年开始,通用宣布大规模缩减金融业务。是什么让GE主动熄灭这一产生巨额利润的引擎?本文将从风险和收益关系的角度分析GE去金融化的原因。 General Electric (GE) is considered as one of the best companies in the industry and finance industry at present. The financial business is also regarded as one of the symbol of GE’s successful diversification. Since the 1980s, it has generated as much as 107 billion U.S. dollars. Since 2015, however, GM has announced a massive reduction of its financial businesses. What made GE take the initiative to turn off this huge profit engine? This article will analyze the reasons for GE to financialization from the perspective of risk and return.