????:1????????????:????

2???????????

3????????

4???????

5??????????

??1??23??????(???)23???????,??2025????????????????,2025??????????????“4????????”??,?,??????,??,?????,??????????“8+4”?????????????,?????????????

?????????????2025?????? ???????? ??

?,??,2024?????,??????????7.5%?2025?????,????????????????????,?,??????????????

“2025?????????????????????????????,?????????????,??????,??????????????????????‘4???’?”??????????

????????????,2025?,???????,????;?????????????????????????????????????,?????;?“?????????????????????????”???????????,????500??????????????????2000???????????,?????????????1000?????

???????????,2025?????6%???????????,???6.5%???????????,“415X”?????????????9.5?(???,????????????????????)?

????????,?????????????2024???,??????????????3.4????????,??????4,??4%?2024???,??,???158????????????????,??????????6000???900????????

“2025??,??????,?????????”????????,????“?????????????”???????2000????,?????????????????????????????????????,???????????????????????????????????????????????????????????

????????,?,??“????????”???????????????,2025???1000???10000??????,??“???????????”????,????????????????????????????????????????????,????100??????????????

?“??????+?????????+??”??????????????????,??,?????????,??????????????500???,???

??????2024?,??,???????2.06??,?????????????????????,??

“?????????????????,????????????????????,????,????‘??’???????????????????‘?????’??????,??????”???????????????????,????REITs(???)?,??????????????????????????????????????,????

???????????????,2025??????????“8+4”??,??“???????????????????????????”?????,?????“????”?(????)

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