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

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

??

??:???????????,??????????,??????????????