?????? ?????????“????”???

??

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

?????:??

?????????

??????????? ?????????“????”????????

????????