???? ?????????“??????”???

??

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

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

?????????

????????? ?????????“??????”????????

????????