????:1?????????:400??3?????????

2????????

3??????????

4??????????

5?????

?????????????????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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