????:1????????????:????V

2???????

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??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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