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?????????????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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