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

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

??

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