??? ??????“????”?????????

????:??????????:????

?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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