????:1???????????:????

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

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