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

2??????????

3???????

4???????????

5?????

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

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