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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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