?????? ???“????”?????????

??

????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”????,????“????????????????????????”?,?????“?????????????”?(??????????)

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

?????????

??????????? ???“????”??????????????

????????