?????? ???“????”?????????

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