?????? ?????????“???”????

???1????????????????23???????????(?????????)23?????,????????????2025????????????????????,2025??“4??”???,???????????????????,???????,???,?????????????,????????“8+4”??????????,??

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