????

??????????????,??????

??????:“????????,??????,??????,??????‘??????????’,?????????????????,???”

????????????????,?????????,“???,??”?

????????????,???????????,????????????????????????,??,?????????????????????????????,????,???

“?????????”

????“??”,???????????????????????????????

“??????????????????,?”????,?????“?????”??????????????????????,????????????“?”?

“??”,????????????????,???????????,?????????????????“?????????????????????????”???????????????“??????????”?

????????????200??????,96%??????????????????“????????????????”,???????,??????“??????????”?????“??”,???????

??,???????

?????????????????!???,??,“??????”?????,?????????????,???????????

???????????????????????,????????????????;??????????????????,??60%……?????????????2024??????????????11?????????,???70%?

2025??????????,??????????,????????????????,????

“????????,??????,????;???,?????,????????????????????????????????????????????70%?”??????

????????????????????,??????????1????5???????,??????????,??????????????????????????????,????

?????,“???”?????????“?????????????????????,??,???????????????????,??????”?????,?????????????,???????????????????????????,?????????????????,???

??????,?????????,??????????,???

???????????????????«???????»,?……??????

“????”???????????????,????????????????,?????????????,??????????????????????

“????”

????,??????????“??????????”????,???????????????????????

???????,???,????????????????????????

???,??,?????,????,?????????

????,????,?????,?????

??,??????????????????????,???????????????

?????????,?“????,?????”“??????,???????????”,?????????????“????????????”???????????“???????????????”?

«?????????????????(?????)»??,????????????????????“??”????????,?????????“??”,?????????????????,????????????????????????????,????????????????,????????

??????????????????“??????????????”,???????????

?????????,X9622??3000??????,???????,??????????????????????????95306???“?????????”??????“???????????????????”,????

?????????????????,??????2024????,??“????????????????????”???????????????70?;2024????,????15%?

????,???“?????????????????????????????”,??????,???????????????????????????????????

?????????“?????????”,????

?????,???,??????????????????,????????????????

??????,??????????????“????????????????????????????????????”????,?????,????,??????????

??,????????????????????“??”??????,?????????“????????”;????……?????????????????????“???”,????,????????????“????????????????”“??”?

“????????????”

??????????????,????

?????????????????????????,?????????????,???????????????????,??????????????????,????????????????

????,??????

??????????,??????????

“??”,??????????????????????????12?????????1??????????????????,??????????????,???,????????????????????????,?????????????????????????,????????????????????????

?????????????,??????????????,??????30??????2023?,????GDP?????????????2015????????????40%?

“?????????”,?????????,????,???

??????????,?????????“??????????,?????,?????????????????,????????????????????????????????,?????????????????????”??????

???????????,???????,??6???????……??,??????????????????????

???????,?????

??????????????????????,??,???????????????????????????????????????????????????????????????????????«???»,?????????????????????????????????????????????,???????,??????,????????A??????????????????????????????????;??,???????????????????????????????????????????????????,???????????????????

???????????,??,??,???????????,????????????????18????????????????????????????????????????????,?????

??????,???????;?????????????(REITs)???????????????????……?????????????????

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

(????)

??????????????:?? ?????:??? “????vx”_????

?? ?????????????

????:1?????vx:?????

2?????????

3????????

4?????

5????????????

????

??????????????,??????

??????:“????????,??????,??????,??????‘??????????’,?????????????????,???”

????????????????,?????????,“???,??”?

????????????,???????????,????????????????????????,??,?????????????????????????????,????,???

“?????????”

????“??”,???????????????????????????????

“??????????????????,?”????,?????“?????”??????????????????????,????????????“?”?

“??”,????????????????,???????????,?????????????????“?????????????????????????”???????????????“??????????”?

????????????200??????,96%??????????????????“????????????????”,???????,??????“??????????”?????“??”,???????

??,???????

?????????????????!???,??,“??????”?????,?????????????,???????????

???????????????????????,????????????????;??????????????????,??60%……?????????????2024??????????????11?????????,???70%?

2025??????????,??????????,????????????????,????

“????????,??????,????;???,?????,????????????????????????????????????????????70%?”??????

????????????????????,??????????1????5???????,??????????,??????????????????????????????,????

?????,“???”?????????“?????????????????????,??,???????????????????,??????”?????,?????????????,???????????????????????????,?????????????????,???

??????,?????????,??????????,???

???????????????????«???????»,?……??????

“????”???????????????,????????????????,?????????????,??????????????????????

“????”

????,??????????“??????????”????,???????????????????????

???????,???,????????????????????????

???,??,?????,????,?????????

????,????,?????,?????

??,??????????????????????,???????????????

?????????,?“????,?????”“??????,???????????”,?????????????“????????????”???????????“???????????????”?

«?????????????????(?????)»??,????????????????????“??”????????,?????????“??”,?????????????????,????????????????????????????,????????????????,????????

??????????????????“??????????????”,???????????

?????????,X9622??3000??????,???????,??????????????????????????95306???“?????????”??????“???????????????????”,????

?????????????????,??????2024????,??“????????????????????”???????????????70?;2024????,????15%?

????,???“?????????????????????????????”,??????,???????????????????????????????????

?????????“?????????”,????

?????,???,??????????????????,????????????????

??????,??????????????“????????????????????????????????????”????,?????,????,??????????

??,????????????????????“??”??????,?????????“????????”;????……?????????????????????“???”,????,????????????“????????????????”“??”?

“????????????”

??????????????,????

?????????????????????????,?????????????,???????????????????,??????????????????,????????????????

????,??????

??????????,??????????

“??”,??????????????????????????12?????????1??????????????????,??????????????,???,????????????????????????,?????????????????????????,????????????????????????

?????????????,??????????????,??????30??????2023?,????GDP?????????????2015????????????40%?

“?????????”,?????????,????,???

??????????,?????????“??????????,?????,?????????????????,????????????????????????????????,?????????????????????”??????

???????????,???????,??6???????……??,??????????????????????

???????,?????

??????????????????????,??,???????????????????????????????????????????????????????????????????????«???»,?????????????????????????????????????????????,???????,??????,????????A??????????????????????????????????;??,???????????????????????????????????????????????????,???????????????????

???????????,??,??,???????????,????????????????18????????????????????????????????????????????,?????

??????,???????;?????????????(REITs)???????????????????……?????????????????

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

(????)

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