??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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????: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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