{"id":812481,"date":"2026-07-16T14:11:50","date_gmt":"2026-07-16T06:11:50","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=812481"},"modified":"2026-07-16T14:11:50","modified_gmt":"2026-07-16T06:11:50","slug":"%e7%94%b3%e4%b8%87%e5%ae%8f%e6%ba%90%e5%80%ba%e5%88%b8%e5%b8%82%e5%9c%ba%e5%a4%8d%e7%9b%98-%e6%b8%a9%e6%95%85%e7%9f%a5%e6%96%b0%ef%bc%8c%e5%b8%82%e5%9c%ba%e8%84%89%e7%bb%9c%e5%86%8d%e6%a2%b3","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=812481","title":{"rendered":"\u7533\u4e07\u5b8f\u6e90\u503a\u5238\u5e02\u573a\u590d\u76d8 | \u6e29\u6545\u77e5\u65b0\uff0c\u5e02\u573a\u8109\u7edc\u518d\u68b3\u7406"},"content":{"rendered":"<p>\uff08\u6765\u6e90\uff1a<span><a href=\"https:\/\/finance.sina.com.cn\/realstock\/company\/sz000166\/nc.shtml\" target=\"_blank\" data-sudaclick=\"content_marketkeywords_p\" rel=\"noopener\">\u7533\u4e07\u5b8f\u6e90<\/a><\/span><span><\/span>\u878d\u6210\uff09<\/p>\n<div><img 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cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L strong-Bold\">6<\/font><\/font><\/font><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L strong-Bold\">\/<\/font><\/font><\/font><\/font><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L strong-Bold\">18<\/font><\/font><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L strong-Bold\">\u9996\u6279<\/font><\/font><\/font><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L strong-Bold\">4<\/font><\/font><\/font><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L strong-Bold\">\u53ea\u5546\u4e1a\u4e0d\u52a8\u4ea7<\/font><\/font><\/font><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L strong-Bold\">REITs<\/font><\/font><\/font><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L strong-Bold\">\u6b63\u5f0f\u6302\u724c\uff0c\u4e94\u8f7d\u8015\u8018\uff0c\u5e02\u573a\u5df2\u851a\u7136\u6210\u6797\u3002<\/font><\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u7ad9\u5728\u4e94\u5468\u5e74\u8282\u70b9<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\uff0c\u6211\u56fd<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\">REITs<\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u603b\u5e02\u503c\u6500\u5347\u81f3<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">25<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">75<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u4ebf\u5143<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\uff0c\u6d41\u901a\u5e02\u503c\u8fbe<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\">13<\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">66<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u4ebf\u5143\uff1b<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u57fa\u7840\u8bbe\u65bd<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\">REITs<\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u4ee5<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">2<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">363<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u4ebf\u5143<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u7684\u603b\u5e02\u503c\uff08\u5360\u6bd4<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\">91.<\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">8<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\">%<\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\uff0c<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">82<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u53ea<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\uff09<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u7ee7\u7eed<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u53d1\u6325\u4e3b\u529b\u4f5c\u7528\uff0c\u5546\u4e1a\u4e0d\u52a8\u4ea7<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\">REITs<\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u4ee5<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">2<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">12<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u4ebf\u5143\u7684\u89c4\u6a21\uff08\u5360\u6bd4<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\">8.<\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">2<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\">%<\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\uff0c<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">4<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u53ea<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\uff09\u7834\u5c40\u5165\u573a\uff0c\u5171\u540c\u6784\u7b51\u8d77\u591a\u5c42\u6b21<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\">REITs<\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u5e02\u573a\u7684\u591a\u5143\u751f\u6001<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\uff1b<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u6536\u76ca\u5c5e\u6027\u4e0a\uff0c\u4ea7\u6743\u7c7b\uff08<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\">1<\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">502<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u4ebf\u5143<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\uff0c\u5360\u6bd4<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\">58.<\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">3%<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\uff09\u4e0e\u7279\u8bb8\u7ecf\u8425\u6743\u7c7b\uff08<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\">8<\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">62<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u4ebf\u5143<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\uff0c\u5360\u6bd4<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\">33.<\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">5%<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\uff09\u53cc\u8f68\u5e76\u884c\u3002<\/font><\/font><\/font><\/p>\n<p cms-style=\"font-L\">\n<div><img src=\"https:\/\/finance.sina.com.cn\/\/n.sinaimg.cn\/spider20260716\/544\/w942h1202\/20260716\/c0f5-c9cc934b2022fdc0fe521865e2690e9f.png\" cms-width=\"657\" cms-height=\"838.328\" alt=\"\u7533\u4e07\u5b8f\u6e90\u503a\u5238\u5e02\u573a\u590d\u76d8 | \u6e29\u6545\u77e5\u65b0\uff0c\u5e02\u573a\u8109\u7edc\u518d\u68b3\u7406\"\/><span><\/span><\/div>\n<p cms-style=\"font-L\">\n<p cms-style=\"font-L \"><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">\u4e94\u5e74\u78e8\u4e00\u5251\uff0c\u5386\u7ecf\u4e24\u8f6e\u5927\u5468\u671f\uff0c\u6211\u56fdREITs\u5e02\u573a\u9010\u6e10\u892a\u53bb\u201c\u65b0\u54c1\u6ea2\u4ef7\u201d\u5149\u73af\uff0c\u8fc8\u5165\u7406\u6027\u5b9a\u4ef7\u4e0e\u4ef7\u503c\u56de\u5f52\u7684\u65b0\u9636\u6bb5\u3002\u672c\u6587\u5bf9\u4e8c\u7ea7\u5e02\u573a<\/font><\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">\u8fdb\u884c\u590d\u76d8\u4e0e\u53cd\u601d\uff0c\u91cd\u65b0\u68b3\u7406\u516c\u52dfREITs\u7684\u884c\u60c5\u9a71\u52a8\u903b\u8f91\uff0c\u671f\u671b\u5728\u65b0\u7684\u5386\u53f2\u8d77\u70b9\u4e0a\uff0c\u4e3a\u6295\u8d44\u8005\u7684\u914d\u7f6e\u51b3\u7b56\u63d0\u4f9b\u4e9b\u8bb8\u542f\u53d1\u3002<\/font><\/font><\/font><\/p>\n<p cms-style=\"font-L\">\n<p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color210\">1. \u4ece\u5916\u90e8\u51b2\u51fb\u5230\u5185\u751f\u77db\u76fe\u7684\u884c\u60c5\u6f14\u5316<\/font><\/p>\n<p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">\u56de\u987eREITs\u4e8c\u7ea7\u5e02\u573a\u8fd0\u884c\u8f68\u8ff9\uff0c\u5927\u81f4\u53ef\u5212\u5206\u4e3a7\u4e2a\u4e0a\u6da8\u533a\u95f4\u30015\u4e2a\u4e0b\u8dcc\u533a\u95f4\u53ca3\u8f6e\u9707\u8361\u6574\u7406\u9636\u6bb5\u3002<\/font><font cms-style=\"font-L\">\u590d\u76d8\u5404\u9636\u6bb5\u884c\u60c5\u53ef\u4ee5\u53d1\u73b0\uff0c<\/font><font cms-style=\"font-L underline\">\u4e0a\u6da8\u884c\u60c5\u7684\u89e6\u53d1\u5f80\u5f80\u79bb\u4e0d\u5f00\u653f\u7b56\u7ea2\u5229\u91ca\u653e\u6216\u5236\u5ea6\u7a81\u7834\uff08\u5982\u6269\u52df\u6307\u5f15\u3001OCI\u4f1a\u8ba1\u65b0\u653f\u3001FOF\u5165\u5e02\uff09\u6240\u5e26\u6765\u7684\u60c5\u7eea\u63d0\u632f\uff0c\u884c\u60c5\u7684\u5ef6\u7eed\u5219\u4f9d\u8d56\u589e\u91cf\u8d44\u91d1\u7684\u6301\u7eed\u6d8c\u5165\uff1b\u800c\u4e0b\u8dcc\u4e0e\u9707\u8361\u9636\u6bb5\u7684\u8bf1\u56e0\uff0c\u5df2\u4ece\u65e9\u671f\u7684\u5916\u90e8\u51b2\u51fb\uff08\u75ab\u60c5\u3001\u5730\u7f18\u51b2\u7a81\uff09\u9010\u6b65\u8f6c\u5411\u5e02\u573a\u5185\u751f\u77db\u76fe\u7684\u663e\u5316\uff0c\u5305\u62ec\u5e95\u5c42\u8d44\u4ea7\u4e1a\u7ee9\u4e0d\u53ca\u9884\u671f\u3001\u9650\u552e\u4efd\u989d\u96c6\u4e2d\u89e3\u7981\u3001\u5229\u7387\u4e0a\u884c\u538b\u7f29\u606f\u5dee\u7a7a\u95f4\uff0c\u4ee5\u53ca\u4e00\u4e8c\u7ea7\u5e02\u573a\u4f9b\u7ed9\u8282\u594f\u5931\u8861\u7b49\u3002<\/font><font cms-style=\"font-L strong-Bold\">\u5404\u9636\u6bb5\u8d70\u52bf\u4e0e\u80cc\u540e\u7684\u9a71\u52a8\u903b\u8f91\u68b3\u7406\u5982\u4e0b\uff1a<\/font><\/p>\n<p cms-style=\"font-L\">\n<div><img src=\"https:\/\/finance.sina.com.cn\/\/n.sinaimg.cn\/spider20260716\/40\/w1022h618\/20260716\/b57b-a60271f7dbb08653cd645bd7ebfb302e.png\" cms-width=\"657\" cms-height=\"397.281\" alt=\"\u7533\u4e07\u5b8f\u6e90\u503a\u5238\u5e02\u573a\u590d\u76d8 | \u6e29\u6545\u77e5\u65b0\uff0c\u5e02\u573a\u8109\u7edc\u518d\u68b3\u7406\"\/><span><\/span><\/div>\n<p cms-style=\"font-L\">\n<p cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color0\">21\/10\u521d\u201422\/2\u4e2d\u65ec\uff08\u4e0a\u6da8\uff09\uff1a<\/font><\/font><\/font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">\u9996\u62799\u53eaREITs\u4e8e21\/6\/21\u4e0a\u5e02\u540e\uff0c\u7ecf\u5386\u4e86\u7ea6\u4e24\u4e2a\u6708\u7684\u6a2a\u76d8\u6574\u7406\uff0c\u6b64\u540e\u8d44\u91d1\u9646\u7eed\u5165\u573a\u3001\u6210\u4ea4\u989d\u6301\u7eed\u653e\u5927\uff0c\u53e0\u52a0\u503a\u5e02\u8d70\u725b\uff0cREITs\u6307\u6570\u8d70\u5f3a<\/font><font cms-style=\"font-L strong-Bold\">\uff0c<\/font><font cms-style=\"font-L strong-Bold color0\">\u4e8e22\/2\/14\u89e6\u53ca\u5386\u53f2\u6700\u9ad8\u70b91305\u70b9\u3002<\/font><\/font><\/font><\/p>\n<p cms-style=\"font-L\">\n<p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color210\">22\/2\u4e2d\u65ec\u201422\/3\u4e2d\u65ec\uff08\u4e0b\u8dcc\uff09\uff1a<\/font><font cms-style=\"font-L\">\u53d7\u75ab\u60c5\u53cd\u590d\u4e0e\u4fc4\u4e4c\u51b2\u7a81\u7b49\u5916\u90e8\u51b2\u51fb\u5f71\u54cd\uff0c\u503a\u5e02\u8f6c\u4e3a\u6a2a\u76d8\u3001\u80a1\u5e02\u4e0b\u8dcc\uff0c<\/font><font cms-style=\"font-L strong-Bold color210\">REITs\u5e02\u573a\u6025\u8dcc\u56de\u843d\u81f31092\u70b9\u3002<\/font><\/p>\n<p cms-style=\"font-L\">\n<p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color30\">22\/3\u4e2d\u65ec\u201422\/6\u521d\uff08\u9707\u8361\uff09\uff1a<\/font><font cms-style=\"font-L\">\u80a1\u503a\u5747\u4e0b\u8dcc\u540e\u5927\u5e45\u53cd\u5f39\uff0c\u4f46REITs\u8868\u73b0\u504f\u5f31\uff0c6\u6708\u89e3\u7981\u62c5\u5fe7\u4e0b\u5e02\u573a\u60c5\u7eea\u4e0d\u4f73\u3001\u6210\u4ea4\u840e\u9761\u3002<\/font><\/p>\n<p cms-style=\"font-L\">\n<p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color0\">22\/6\u521d\u201422\/9\u672b\uff08\u4e0a\u6da8\uff09\uff1a<\/font><font cms-style=\"font-L\">\u653f\u7b56\u7aef\u53d1\u5e03\u6269\u52df\u6307\u5f15\uff0c\u53e0\u52a0\u503a\u5e02\u5927\u5e45\u4e0a\u6da8\uff0cREITs\u91cd\u62fe\u5347\u52bf\uff0c<\/font><font cms-style=\"font-L strong-Bold color0\">\u6307\u6570\u6301\u7eed\u4e0a\u884c\u81f31200\u70b9\uff0c\u89e6\u53ca\u5386\u53f2\u6b21\u9ad8\u70b9\u3002<\/font><\/p>\n<p cms-style=\"font-L\">\n<p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color210\">22\/9\u672b\u201423\/7\u521d\uff08\u4e0b\u8dcc\uff09\uff1a<\/font><font cms-style=\"font-L\">\u5e02\u573a\u6b65\u5165\u6f2b\u957f\u7684\u8d8b\u52bf\u6027\u4e0b\u884c\u901a\u9053\uff0c\u8c03\u6574\u6301\u7eed\u8fd1\u5341\u4e2a\u6708\uff0c<\/font><font cms-style=\"font-L strong-Bold\">\u81f323\/7\/5\u63a2\u5e95893\u70b9\u3002<\/font><font 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