????????? ???“????”??????

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

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