????????? ???“????”??????

??

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

???:?????

?????????

?????????????? ???“????”???????????

????????