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

?????????:?????????????????????

??

??:???????????,??????????,??????????????