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

2????????

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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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