????:1???????100????:????????

2???????KTV

3?????

4?????

5?????

?/?

??:?????????????????????????????????????????????????(SFISF)????????;??????????????????????????????

SFISF??550??

??2??????????????????????,?????,???????????????????????????????

??????,??,???????2025??1??2????????????????550???????,??,20??????????,????????????30bp,????????10bp,???????????????10bp?

??????????????????????????????SFISF?????2024??????10?????????????,????????????500??????????????????,???????????????????,20??????????????????????,???????50????,????????????????10????????????????,??20?????????????

?,SFISF??,????????????????????????????????,????????????????,???

????500???????????????

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

???????????????,???????????????????2024??12??,?????????700?????????,?200???????????????????500???????????,60%??????????,??,?2%???

????????

???????,?,2024?????????????????,?2500?????????????????????????????????,??????,???????????????

????????,????????,?????????????????????????10%,??????90%?????????????????????????????,?????????????????,???

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

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

????,????????????3???????,??? ?????????:??????????????