{"id":26047,"date":"2025-05-12T09:38:00","date_gmt":"2025-05-12T01:38:00","guid":{"rendered":"https:\/\/www.franchise.com.hk\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047"},"modified":"2025-05-12T09:38:00","modified_gmt":"2025-05-12T01:38:00","slug":"%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be","status":"publish","type":"post","link":"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047","title":{"rendered":"\u628a\u63e1\u6ce2\u52d5\u5e02\u6cc1\u4e2d\u7684\u591a\u5143\u6a5f\u9047&#8212;-\u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u660e\u65e5\u65bc\u6e2f\u4ea4\u6240\u4e0a\u5e02"},"content":{"rendered":"<p><span class=\"legendSpanClass\">\u9999\u6e2f<\/span><span class=\"legendSpanClass\">2025\u5e745\u670812\u65e5<\/span> \/\u7f8e\u901a\u793e\/ &#8212; \u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u5c07\u65bc2025\u5e745\u670813\u65e5\u5728\u9999\u6e2f\u4ea4\u6613\u6240\u4e0a\u5e02\u3002\u8a72ETF\u63a1\u7528\u4ee3\u8868\u6027\u62bd\u6a23\u7b56\u7565\uff0c\u8ffd\u8e64\u5bcc\u6642EPRA Nareit \u4e9e\u592a\u7cbe\u9078REITs \u6b0a\u91cd\u4e0a\u9650\u6de8\u7a05\u6307\u6578\uff08\u300c\u6307\u6578\u300d\uff09\u8868\u73fe\u30023447.HK\u4e0a\u5e02\u50f9\u7d04\u6bcf\u80a17.8\u6e2f\u5143\uff0c\u6bcf\u624b\u8cb7\u8ce3\u55ae\u4f4d100\u80a1\uff0c\u7ba1\u7406\u8cbb0.99%\u3002<\/p>\n<div class=\"PRN_ImbeddedAssetReference\">\n<\/div>\n<p>\u623f\u5730\u7522\u6295\u8cc7\u4fe1\u8a17\u57fa\u91d1\uff08REITs\uff09\u662f\u4ee5\u55ae\u4f4d\u4fe1\u8a17\u5f62\u5f0f\u4e0a\u5e02\u7684\u4f01\u696d\uff0c\u6301\u6709\u4e26\u7ba1\u7406\u8fa6\u516c\u5ba4\u3001\u4f4f\u5b85\u3001\u7269\u6d41\u4e2d\u5fc3\u3001\u96f6\u552e\u7269\u696d\u3001\u91ab\u7642\u8a2d\u65bd\u3001\u6578\u64da\u4e2d\u5fc3\u3001\u57fa\u5efa\u53ca\u9152\u5e97\u7b49\u6536\u76ca\u578b\u8cc7\u7522\u3002\u4e9e\u592a\u5340REITs\u6db5\u84cb\u6fb3\u6d32\u3001\u65e5\u672c\u3001\u65b0\u52a0\u5761\u53ca\u4e2d\u570b\u9999\u6e2f\u7b49\u5e02\u5834\uff0c\u6191\u85c9\u591a\u5143\u7269\u696d\u7d44\u5408\u63d0\u4f9b\u589e\u9577\u6f5b\u529b\u8207\u7a69\u5b9a\u6536\u76ca\u3002\u9019\u4e9b\u8cc7\u7522\u53d7\u6210\u719f\u5e02\u5834\u76e3\u7ba1\u6846\u67b6\u898f\u7bc4\uff0c\u7cfb\u7d71\u6027\u98a8\u96aa\u8f03\u4f4e\u30022024\u5e74\u5168\u5e74\u4e9e\u592a\u5340\u5546\u696d\u5730\u7522\u6295\u8cc7\u7e3d\u984d\u90541313\u5104\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957723%\uff0c\u5275\u4e0b\u81ea2022\u5e74\u4ee5\u4f86\u7684\u540c\u6bd4\u589e\u5e45\u65b0\u9ad8\u30022025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6309\u5e74\u589e\u957720%\u81f3363\u5104\u7f8e\u5143\uff0c\u518d\u5275\u4e0b2022\u5e74\u52a0\u606f\u9031\u671f\u4ee5\u4f86\u6700\u9ad8\u9996\u5b63\u6295\u8cc7\u984d[1]\u3002<\/p>\n<p>\u4e9e\u592aREITs\u5177\u5099\u986f\u8457\u512a\u52e2\uff1a\u80a1\u606f\u6536\u76ca\u7387\u4ecb\u4e4e3.9%-7.9%\uff0c90\u65e5\u6ce2\u52d5\u7387\u50c515.4%[2]\u3002\u76f8\u8f03\u6b50\u7f8e\u540c\u985e\u6307\u6578\uff0c\u4e9e\u592aREITs\u9664\u63d0\u4f9b\u66f4\u9ad8\u7e3d\u80a1\u606f\u7387\u5916\uff0c\u5728\u9ad8\u901a\u8139\u74b0\u5883\u4e0b\uff0c\u5176\u6297\u901a\u8139\u7279\u6027\u986f\u8457[3]\u3002\u8a72\u6307\u6578\u57282019-2020\u5e74\u964d\u606f\u9031\u671f\u6f32\u5e45\u8d8550%\uff0c2025\u5e74\u8fc4\u4eca\u56de\u5831\u905410.63%[4]\uff0c\u672a\u4f8612\u500b\u6708\u9810\u671f\u80a1\u606f\u73877.06%[5]\u3002\u6b64\u5916\uff0c\u4e9e\u592aREITs\u8207\u7f8e\u80a1\u5e02\u5834\u76f8\u95dc\u6027\u4f4e\uff0c\u6709\u6548\u5206\u6563\u98a8\u96aa[6]\u3002\u5118\u7ba1\u904e\u53bb\u6578\u5e74\u5229\u7387\u4e0a\u884c\uff0c\u677f\u584a\u4ecd\u4fdd\u6301\u5065\u5eb7\u8ca0\u50b5\u6c34\u5e73\u8207\u7a69\u5b9a\u79df\u91d1\u6536\u5165\u3002<\/p>\n<p>\u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u7cbe\u907850\u96bb\u512a\u8cea\u4e9e\u592aREITs\uff0c\u8de8\u884c\u696d\u8de8\u5730\u57df\u5206\u6563\u914d\u7f6e\uff0c\u5165\u5834\u9580\u6abb\u50c5\u7d04780\u6e2f\u5143\u3002\u7d44\u5408\u900f\u660e\u5ea6\u9ad8\uff0c\u70ba\u6295\u8cc7\u8005\u63d0\u4f9b\u7a69\u5065\u6536\u76ca\u8207\u5340\u57df\u591a\u5143\u5316\u89e3\u6c7a\u65b9\u6848\u3002<\/p>\n<p>\u5357\u65b9\u6771\u82f1\u884c\u653f\u7e3d\u88c1\u4e01\u6668\u8868\u793a\uff1a\u300c\u81ea2008\u5e74\u6210\u7acb\u4ee5\u4f86\uff0c\u5357\u65b9\u6771\u82f1\u59cb\u7d42\u81f4\u529b\u70ba\u4e9e\u6d32\u6295\u8cc7\u8005\u63d0\u4f9b\u512a\u8cea\u5275\u65b0\u7684\u6295\u8cc7\u5de5\u5177\u3002\u6b64\u6b21\u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u7684\u63a8\u51fa\u5c07\u70ba\u9999\u6e2f\u6295\u8cc7\u8005\u63d0\u4f9b\u4f48\u5c40\u4e9e\u592aREITs\u5e02\u5834\u7684\u4fbf\u6377\u9014\u5f91\u3002\u300d<\/p>\n<div>\n<p class=\"prnml4\"><span class=\"prnews_span\">[1]\u00a0\u8cc7\u6599\u4f86\u6e90\uff1a\u6839\u64da\u5168\u7403\u623f\u5730\u7522\u8aee\u8a62\u516c\u53f8\u4ef2\u91cf\u806f\u884cJLL\u7684\u6578\u64da\u548c\u5206\u6790\u3002<\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\">[2]\u00a0\u8cc7\u6599\u4f86\u6e90\uff1a\u5f6d\u535a\uff0c\u622a\u81f3\u00a02025 \u5e74\u00a04 \u6708\u00a08 \u65e5\u3002<\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\">[3]\u00a0\u8cc7\u6599\u4f86\u6e90: \u00a0Nareit\uff0c\u6839\u64da\u5f6d\u535a\u622a\u81f3\u00a02025 \u5e74\u00a04 \u6708\u00a09 \u65e5\u7684\u8cc7\u6599\u4f30\u7b97\u3002<\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\">[4]\u00a0\u8cc7\u6599\u4f86\u6e90\uff1a\u5f6d\u535a\u3002\u5e74\u521d\u81f3\u4eca\u56de\u5831\u622a\u81f3 2025 \u5e744 \u6708\u00a030 \u65e5\u3002<\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\">[5]\u00a0\u8cc7\u6599\u4f86\u6e90\uff1a\u5f6d\u535a\uff0c\u622a\u81f3\u00a02025 \u5e74\u00a04 \u6708\u00a08 \u65e5\u3002<\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\">[6]\u00a0\u8cc7\u6599\u4f86\u6e90: \u00a0\u5f6d\u535a\uff0c 2015\u5e743\u6708\u81f32025\u5e7403\u6708\u3002<\/span><\/p>\n<\/div>\n<p>\u00a0<\/p>\n<p>\u95dc\u65bc\u5357\u65b9\u6771\u82f1<\/p>\n<p>\u7d93\u904e\u5341\u9918\u5e74\u7684\u767c\u5c55\uff0c\u5357\u65b9\u6771\u82f1\u4f5c\u70baETF\u767c\u884c\u5546\u4e0d\u65b7\u5275\u65b0\uff0c\u8cc7\u7522\u7ba1\u7406\u898f\u6a21\u9054\u81f3\u5168\u6e2f\u7b2c\u4e8c\uff0c\u6210\u529f\u5730\u6a39\u7acb\u4e86\u5728\u9999\u6e2fETF\u884c\u696d\u7684\u9818\u5148\u5730\u4f4d\u3002\u901a\u904e\u5efa\u7acb\u5065\u5eb7\u7684ETF\u751f\u614b\u7cfb\u7d71\u4e26\u7ba1\u7406\u4e2d\u570b\u9999\u6e2f\u548c\u65b0\u52a0\u5761\u5e02\u5834\u768456\u96bbETP\u548c3\u96bb\u4e92\u60e0\u57fa\u91d1\uff0c\u5357\u65b9\u6771\u82f1\u7684\u7e3d\u8cc7\u7522\u7ba1\u7406\u898f\u6a21\u8d851,830\u5104\u6e2f\u5143\uff08\u622a\u81f32025\u5e743\u670831\u65e5\uff09*\u30022025\u5e74\uff0c\u9999\u6e2f\u4ea4\u6613\u6700\u6d3b\u8e8d\u7684\u524d10\u540dETF\/ETP\u4e2d\u67095\u96bb\u7531\u5357\u65b9\u6771\u82f1\u7ba1\u7406**\u3002<\/p>\n<p>*\u8cc7\u6599\u4f86\u6e90\uff1a\u5357\u65b9\u6771\u82f1<\/p>\n<p>**\u8cc7\u6599\u4f86\u6e90\uff1a\u5f6d\u535a\uff0c2025\u5e741\u67081\u65e5 \u81f32025\u5e743\u670831\u65e5<\/p>\n<p>\u514d\u8cac\u8072\u660e<\/p>\n<p>\u672c\u6587\u4ef6\u6240\u8ff0\u7522\u54c1\u5f97\u5230\u9999\u6e2f\u8b49\u5238\u53ca\u671f\u8ca8\u4e8b\u52d9\u76e3\u5bdf\u59d4\u54e1\u6703\uff08\u300c\u8b49\u76e3\u6703\u300d\uff09\u8a8d\u53ef\u3002\u6709\u95dc\u8a8d\u53ef\u4e26\u4e0d\u610f\u5473\u8457\u7372\u5f97\u8b49\u76e3\u6703\u5b98\u65b9\u63a8\u4ecb\u3002<\/p>\n<p>\u672c\u6587\u4ef6\u50c5\u4f9b\u4e00\u822c\u53c3\u8003\uff0c\u4e26\u4e0d\u69cb\u6210\u6295\u8cc7\u6216\u4efb\u4f55\u65b9\u9762\u7684\u610f\u898b\uff0c\u4ea6\u4e0d\u61c9\u88ab\u8996\u70ba\u8981\u7d04\u6216\u904a\u8aaa\u6295\u8cc7\u65bc\u4efb\u4f55\u6295\u8cc7\u7522\u54c1\u3002\u5982\u6b32\u7372\u53d6\u6295\u8cc7\u4e4b\u610f\u898b\uff0c\u8acb\u8aee\u8a62\u95a3\u4e0b\u7684\u5c08\u696d\u6cd5\u5f8b\uff0c\u7a05\u52d9\u548c\u8ca1\u52d9\u9867\u554f\u3002<\/p>\n<p>\u6295\u8cc7\u6d89\u53ca\u98a8\u96aa\u3002\u904e\u5f80\u7684\u696d\u7e3e\u6578\u64da\u4e26\u4e0d\u9810\u793a\u672a\u4f86\u7684\u696d\u7e3e\u8868\u73fe\u3002\u6295\u8cc7\u8005\u61c9\u4ed4\u7d30\u95b1\u8b80\u6709\u95dc\u57fa\u91d1\u7684\u92b7\u552e\u6587\u4ef6\u53ca\u7522\u54c1\u8cc7\u6599\u6982\u8981\uff0c\u4ee5\u7372\u53d6\u9032\u4e00\u6b65\u8cc7\u6599\uff0c\u5305\u62ec\u7576\u4e2d\u6240\u8f09\u4e4b\u7522\u54c1\u7279\u8272\u53ca\u6240\u6709\u98a8\u96aa\u56e0\u7d20\u3002\u6295\u8cc7\u8005\u4e0d\u61c9\u50c5\u6191\u672c\u6587\u4ef6\u4f5c\u51fa\u6295\u8cc7\u6c7a\u5b9a\u3002\u672c\u6587\u4ef6\u4e0d\u9069\u7528\u65bc\u7981\u6b62\u5176\u5206\u767c\u6216\u767c\u9001\u7684\u53f8\u6cd5\u7ba1\u8f44\u5340\u3002<\/p>\n<p>\u672c\u6587\u4ef6\u4e26\u4e0d\u5177\u6cd5\u5f8b\u7d04\u675f\u529b\u3002\u5357\u65b9\u6771\u82f1\u5c0d\u672c\u6587\u4ef6\u6982\u4e0d\u8ca0\u8cac\uff0c\u4e26\u8868\u660e\u4e0d\u6703\u5c31\u56e0\u672c\u6587\u4ef6\u5168\u90e8\u6216\u4efb\u4f55\u90e8\u5206\u5167\u5bb9\u800c\u7522\u751f\u6216\u56e0\u4f9d\u8cf4\u8a72\u7b49\u5167\u5bb9\u800c\u5f15\u81f4\u7684\u4efb\u4f55\u640d\u5931\u627f\u64d4\u4efb\u4f55\u8cac\u4efb\u3002\u672c\u6587\u4ef6\u4e26\u4e0d\u6388\u4e88\u6536\u4ef6\u4eba\u4efb\u4f55\u4f7f\u7528\u6240\u8f09\u8cc7\u8a0a\u7684\u7248\u6b0a\u6216\u77e5\u8b58\u7522\u6b0a\uff08\u4e0d\u8ad6\u662f\u76f4\u63a5\uff0c\u6216\u975e\u76f4\u63a5\uff0c\u6216\u6697\u793a\uff09\u3002\u00a0\u5728\u672a\u7d93\u5357\u65b9\u6771\u82f1\u66f8\u9762\u540c\u610f\u4e0b\uff0c\u4e0d\u5f97\u8907\u5370\uff0c\u5206\u767c\u6216\u8907\u88fd\u672c\u6587\u4ef6\u5167\u4e4b\u4efb\u4f55\u8cc7\u6599\u6216\u4efb\u4f55\u90e8\u5206\u3002<\/p>\n<p>\u672c\u6587\u4ef6\u6240\u8ff0\u7522\u54c1\u6216\u9762\u81e8\u5730\u57df\u3001\u5e02\u5834\u3001\u884c\u696d\u6216\u6295\u8cc7\u5de5\u5177\u96c6\u4e2d\u98a8\u96aa\u3002\u76f8\u6bd4\u5177\u6709\u66f4\u591a\u5143\u5316\u6295\u8cc7\u7d44\u5408\u7684\u57fa\u91d1\uff0c\u672c\u6587\u4ef6\u6240\u8ff0\u7522\u54c1\u7684\u50f9\u503c\u6ce2\u52d5\u53ef\u80fd\u66f4\u5927\u3002<\/p>\n<p>\u6709\u95dc\u6307\u6578\u63d0\u4f9b\u8005\u514d\u8cac\u8072\u660e\uff0c\u8acb\u53c3\u95b1\u76f8\u95dc\u57fa\u91d1\u7684\u767c\u552e\u6587\u4ef6\u3002\u672c\u6587\u4ef6\u7531\u5357\u65b9\u6771\u82f1\u7de8\u5236\uff0c\u4e26\u672a\u7d93\u8b49\u76e3\u6703\u5be9\u95b1\u3002<\/p>","protected":false},"excerpt":{"rendered":"<p>\u9999\u6e2f2025\u5e745\u670812\u65e5 \/\u7f8e\u901a\u793e\/ &#8212; \u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u5c07\u65bc2025\u5e745\u670813\u65e5\u5728\u9999\u6e2f\u4ea4\u6613\u6240\u4e0a\u5e02\u3002\u8a72ETF\u63a1\u7528\u4ee3\u8868\u6027\u62bd\u6a23\u7b56\u7565\uff0c\u8ffd\u8e64\u5bcc\u6642EPRA Nareit \u4e9e\u592a\u7cbe\u9078REITs \u6b0a\u91cd\u4e0a\u9650\u6de8\u7a05\u6307\u6578\uff08\u300c\u6307\u6578\u300d\uff09\u8868\u73fe\u30023447.HK\u4e0a\u5e02\u50f9\u7d04\u6bcf\u80a17.8\u6e2f\u5143\uff0c\u6bcf\u624b\u8cb7\u8ce3\u55ae\u4f4d100\u80a1\uff0c\u7ba1\u7406\u8cbb0.99%\u3002 \u623f\u5730\u7522\u6295\u8cc7\u4fe1\u8a17\u57fa\u91d1\uff08REITs\uff09\u662f\u4ee5\u55ae\u4f4d\u4fe1\u8a17\u5f62\u5f0f\u4e0a\u5e02\u7684\u4f01\u696d\uff0c\u6301\u6709\u4e26\u7ba1\u7406\u8fa6\u516c\u5ba4\u3001\u4f4f\u5b85\u3001\u7269\u6d41\u4e2d\u5fc3\u3001\u96f6\u552e\u7269\u696d\u3001\u91ab\u7642\u8a2d\u65bd\u3001\u6578\u64da\u4e2d\u5fc3\u3001\u57fa\u5efa\u53ca\u9152\u5e97\u7b49\u6536\u76ca\u578b\u8cc7\u7522\u3002\u4e9e\u592a\u5340REITs\u6db5\u84cb\u6fb3\u6d32\u3001\u65e5\u672c\u3001\u65b0\u52a0\u5761\u53ca\u4e2d\u570b\u9999\u6e2f\u7b49\u5e02\u5834\uff0c\u6191\u85c9\u591a\u5143\u7269\u696d\u7d44\u5408\u63d0\u4f9b\u589e\u9577\u6f5b\u529b\u8207\u7a69\u5b9a\u6536\u76ca\u3002\u9019\u4e9b\u8cc7\u7522\u53d7\u6210\u719f\u5e02\u5834\u76e3\u7ba1\u6846\u67b6\u898f\u7bc4\uff0c\u7cfb\u7d71\u6027\u98a8\u96aa\u8f03\u4f4e\u30022024\u5e74\u5168\u5e74\u4e9e\u592a\u5340\u5546\u696d\u5730\u7522\u6295\u8cc7\u7e3d\u984d\u90541313\u5104\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957723%\uff0c\u5275\u4e0b\u81ea2022\u5e74\u4ee5\u4f86\u7684\u540c\u6bd4\u589e\u5e45\u65b0\u9ad8\u30022025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6309\u5e74\u589e\u957720%\u81f3363\u5104\u7f8e\u5143\uff0c\u518d\u5275\u4e0b2022\u5e74\u52a0\u606f\u9031\u671f\u4ee5\u4f86\u6700\u9ad8\u9996\u5b63\u6295\u8cc7\u984d[1]\u3002 \u4e9e\u592aREITs\u5177\u5099\u986f\u8457\u512a\u52e2\uff1a\u80a1\u606f\u6536\u76ca\u7387\u4ecb\u4e4e3.9%-7.9%\uff0c90\u65e5\u6ce2\u52d5\u7387\u50c515.4%[2]\u3002\u76f8\u8f03\u6b50\u7f8e\u540c\u985e\u6307\u6578\uff0c\u4e9e\u592aREITs\u9664\u63d0\u4f9b\u66f4\u9ad8\u7e3d\u80a1\u606f\u7387\u5916\uff0c\u5728\u9ad8\u901a\u8139\u74b0\u5883\u4e0b\uff0c\u5176\u6297\u901a\u8139\u7279\u6027\u986f\u8457[3]\u3002\u8a72\u6307\u6578\u57282019-2020\u5e74\u964d\u606f\u9031\u671f\u6f32\u5e45\u8d8550%\uff0c2025\u5e74\u8fc4\u4eca\u56de\u5831\u905410.63%[4]\uff0c\u672a\u4f8612\u500b\u6708\u9810\u671f\u80a1\u606f\u73877.06%[5]\u3002\u6b64\u5916\uff0c\u4e9e\u592aREITs\u8207\u7f8e\u80a1\u5e02\u5834\u76f8\u95dc\u6027\u4f4e\uff0c\u6709\u6548\u5206\u6563\u98a8\u96aa[6]\u3002\u5118\u7ba1\u904e\u53bb\u6578\u5e74\u5229\u7387\u4e0a\u884c\uff0c\u677f\u584a\u4ecd\u4fdd\u6301\u5065\u5eb7\u8ca0\u50b5\u6c34\u5e73\u8207\u7a69\u5b9a\u79df\u91d1\u6536\u5165\u3002 \u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u7cbe\u907850\u96bb\u512a\u8cea\u4e9e\u592aREITs\uff0c\u8de8\u884c\u696d\u8de8\u5730\u57df\u5206\u6563\u914d\u7f6e\uff0c\u5165\u5834\u9580\u6abb\u50c5\u7d04780\u6e2f\u5143\u3002\u7d44\u5408\u900f\u660e\u5ea6\u9ad8\uff0c\u70ba\u6295\u8cc7\u8005\u63d0\u4f9b\u7a69\u5065\u6536\u76ca\u8207\u5340\u57df\u591a\u5143\u5316\u89e3\u6c7a\u65b9\u6848\u3002 \u5357\u65b9\u6771\u82f1\u884c\u653f\u7e3d\u88c1\u4e01\u6668\u8868\u793a\uff1a\u300c\u81ea2008\u5e74\u6210\u7acb\u4ee5\u4f86\uff0c\u5357\u65b9\u6771\u82f1\u59cb\u7d42\u81f4\u529b\u70ba\u4e9e\u6d32\u6295\u8cc7\u8005\u63d0\u4f9b\u512a\u8cea\u5275\u65b0\u7684\u6295\u8cc7\u5de5\u5177\u3002\u6b64\u6b21\u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u7684\u63a8\u51fa\u5c07\u70ba\u9999\u6e2f\u6295\u8cc7\u8005\u63d0\u4f9b\u4f48\u5c40\u4e9e\u592aREITs\u5e02\u5834\u7684\u4fbf\u6377\u9014\u5f91\u3002\u300d [1]\u00a0\u8cc7\u6599\u4f86\u6e90\uff1a\u6839\u64da\u5168\u7403\u623f\u5730\u7522\u8aee\u8a62\u516c\u53f8\u4ef2\u91cf\u806f\u884cJLL\u7684\u6578\u64da\u548c\u5206\u6790\u3002 [2]\u00a0\u8cc7\u6599\u4f86\u6e90\uff1a\u5f6d\u535a\uff0c\u622a\u81f3\u00a02025 \u5e74\u00a04 \u6708\u00a08 \u65e5\u3002 [3]\u00a0\u8cc7\u6599\u4f86\u6e90: \u00a0Nareit\uff0c\u6839\u64da\u5f6d\u535a\u622a\u81f3\u00a02025 \u5e74\u00a04 \u6708\u00a09 \u65e5\u7684\u8cc7\u6599\u4f30\u7b97\u3002 [4]\u00a0\u8cc7\u6599\u4f86\u6e90\uff1a\u5f6d\u535a\u3002\u5e74\u521d\u81f3\u4eca\u56de\u5831\u622a\u81f3 2025 \u5e744 \u6708\u00a030 \u65e5\u3002 [5]\u00a0\u8cc7\u6599\u4f86\u6e90\uff1a\u5f6d\u535a\uff0c\u622a\u81f3\u00a02025 \u5e74\u00a04 \u6708\u00a08 \u65e5\u3002 [6]\u00a0\u8cc7\u6599\u4f86\u6e90: \u00a0\u5f6d\u535a\uff0c 2015\u5e743\u6708\u81f32025\u5e7403\u6708\u3002 \u00a0 \u95dc\u65bc\u5357\u65b9\u6771\u82f1 \u7d93\u904e\u5341\u9918\u5e74\u7684\u767c\u5c55\uff0c\u5357\u65b9\u6771\u82f1\u4f5c\u70baETF\u767c\u884c\u5546\u4e0d\u65b7\u5275\u65b0\uff0c\u8cc7\u7522\u7ba1\u7406\u898f\u6a21\u9054\u81f3\u5168\u6e2f\u7b2c\u4e8c\uff0c\u6210\u529f\u5730\u6a39\u7acb\u4e86\u5728\u9999\u6e2fETF\u884c\u696d\u7684\u9818\u5148\u5730\u4f4d\u3002\u901a\u904e\u5efa\u7acb\u5065\u5eb7\u7684ETF\u751f\u614b\u7cfb\u7d71\u4e26\u7ba1\u7406\u4e2d\u570b\u9999\u6e2f\u548c\u65b0\u52a0\u5761\u5e02\u5834\u768456\u96bbETP\u548c3\u96bb\u4e92\u60e0\u57fa\u91d1\uff0c\u5357\u65b9\u6771\u82f1\u7684\u7e3d\u8cc7\u7522\u7ba1\u7406\u898f\u6a21\u8d851,830\u5104\u6e2f\u5143\uff08\u622a\u81f32025\u5e743\u670831\u65e5\uff09*\u30022025\u5e74\uff0c\u9999\u6e2f\u4ea4\u6613\u6700\u6d3b\u8e8d\u7684\u524d10\u540dETF\/ETP\u4e2d\u67095\u96bb\u7531\u5357\u65b9\u6771\u82f1\u7ba1\u7406**\u3002 *\u8cc7\u6599\u4f86\u6e90\uff1a\u5357\u65b9\u6771\u82f1 **\u8cc7\u6599\u4f86\u6e90\uff1a\u5f6d\u535a\uff0c2025\u5e741\u67081\u65e5 \u81f32025\u5e743\u670831\u65e5 \u514d\u8cac\u8072\u660e \u672c\u6587\u4ef6\u6240\u8ff0\u7522\u54c1\u5f97\u5230\u9999\u6e2f\u8b49\u5238\u53ca\u671f\u8ca8\u4e8b\u52d9\u76e3\u5bdf\u59d4\u54e1\u6703\uff08\u300c\u8b49\u76e3\u6703\u300d\uff09\u8a8d\u53ef\u3002\u6709\u95dc\u8a8d\u53ef\u4e26\u4e0d\u610f\u5473\u8457\u7372\u5f97\u8b49\u76e3\u6703\u5b98\u65b9\u63a8\u4ecb\u3002 \u672c\u6587\u4ef6\u50c5\u4f9b\u4e00\u822c\u53c3\u8003\uff0c\u4e26\u4e0d\u69cb\u6210\u6295\u8cc7\u6216\u4efb\u4f55\u65b9\u9762\u7684\u610f\u898b\uff0c\u4ea6\u4e0d\u61c9\u88ab\u8996\u70ba\u8981\u7d04\u6216\u904a\u8aaa\u6295\u8cc7\u65bc\u4efb\u4f55\u6295\u8cc7\u7522\u54c1\u3002\u5982\u6b32\u7372\u53d6\u6295\u8cc7\u4e4b\u610f\u898b\uff0c\u8acb\u8aee\u8a62\u95a3\u4e0b\u7684\u5c08\u696d\u6cd5\u5f8b\uff0c\u7a05\u52d9\u548c\u8ca1\u52d9\u9867\u554f\u3002 \u6295\u8cc7\u6d89\u53ca\u98a8\u96aa\u3002\u904e\u5f80\u7684\u696d\u7e3e\u6578\u64da\u4e26\u4e0d\u9810\u793a\u672a\u4f86\u7684\u696d\u7e3e\u8868\u73fe\u3002\u6295\u8cc7\u8005\u61c9\u4ed4\u7d30\u95b1\u8b80\u6709\u95dc\u57fa\u91d1\u7684\u92b7\u552e\u6587\u4ef6\u53ca\u7522\u54c1\u8cc7\u6599\u6982\u8981\uff0c\u4ee5\u7372\u53d6\u9032\u4e00\u6b65\u8cc7\u6599\uff0c\u5305\u62ec\u7576\u4e2d\u6240\u8f09\u4e4b\u7522\u54c1\u7279\u8272\u53ca\u6240\u6709\u98a8\u96aa\u56e0\u7d20\u3002\u6295\u8cc7\u8005\u4e0d\u61c9\u50c5\u6191\u672c\u6587\u4ef6\u4f5c\u51fa\u6295\u8cc7\u6c7a\u5b9a\u3002\u672c\u6587\u4ef6\u4e0d\u9069\u7528\u65bc\u7981\u6b62\u5176\u5206\u767c\u6216\u767c\u9001\u7684\u53f8\u6cd5\u7ba1\u8f44\u5340\u3002 \u672c\u6587\u4ef6\u4e26\u4e0d\u5177\u6cd5\u5f8b\u7d04\u675f\u529b\u3002\u5357\u65b9\u6771\u82f1\u5c0d\u672c\u6587\u4ef6\u6982\u4e0d\u8ca0\u8cac\uff0c\u4e26\u8868\u660e\u4e0d\u6703\u5c31\u56e0\u672c\u6587\u4ef6\u5168\u90e8\u6216\u4efb\u4f55\u90e8\u5206\u5167\u5bb9\u800c\u7522\u751f\u6216\u56e0\u4f9d\u8cf4\u8a72\u7b49\u5167\u5bb9\u800c\u5f15\u81f4\u7684\u4efb\u4f55\u640d\u5931\u627f\u64d4\u4efb\u4f55\u8cac\u4efb\u3002\u672c\u6587\u4ef6\u4e26\u4e0d\u6388\u4e88\u6536\u4ef6\u4eba\u4efb\u4f55\u4f7f\u7528\u6240\u8f09\u8cc7\u8a0a\u7684\u7248\u6b0a\u6216\u77e5\u8b58\u7522\u6b0a\uff08\u4e0d\u8ad6\u662f\u76f4\u63a5\uff0c\u6216\u975e\u76f4\u63a5\uff0c\u6216\u6697\u793a\uff09\u3002\u00a0\u5728\u672a\u7d93\u5357\u65b9\u6771\u82f1\u66f8\u9762\u540c\u610f\u4e0b\uff0c\u4e0d\u5f97\u8907\u5370\uff0c\u5206\u767c\u6216\u8907\u88fd\u672c\u6587\u4ef6\u5167\u4e4b\u4efb\u4f55\u8cc7\u6599\u6216\u4efb\u4f55\u90e8\u5206\u3002 \u672c\u6587\u4ef6\u6240\u8ff0\u7522\u54c1\u6216\u9762\u81e8\u5730\u57df\u3001\u5e02\u5834\u3001\u884c\u696d\u6216\u6295\u8cc7\u5de5\u5177\u96c6\u4e2d\u98a8\u96aa\u3002\u76f8\u6bd4\u5177\u6709\u66f4\u591a\u5143\u5316\u6295\u8cc7\u7d44\u5408\u7684\u57fa\u91d1\uff0c\u672c\u6587\u4ef6\u6240\u8ff0\u7522\u54c1\u7684\u50f9\u503c\u6ce2\u52d5\u53ef\u80fd\u66f4\u5927\u3002 \u6709\u95dc\u6307\u6578\u63d0\u4f9b\u8005\u514d\u8cac\u8072\u660e\uff0c\u8acb\u53c3\u95b1\u76f8\u95dc\u57fa\u91d1\u7684\u767c\u552e\u6587\u4ef6\u3002\u672c\u6587\u4ef6\u7531\u5357\u65b9\u6771\u82f1\u7de8\u5236\uff0c\u4e26\u672a\u7d93\u8b49\u76e3\u6703\u5be9\u95b1\u3002<\/p>\n","protected":false},"author":0,"featured_media":26048,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_generate-full-width-content":"","spay_email":"","footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u628a\u63e1\u6ce2\u52d5\u5e02\u6cc1\u4e2d\u7684\u591a\u5143\u6a5f\u9047-\u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u660e\u65e5\u65bc\u6e2f\u4ea4\u6240\u4e0a\u5e02 - \u9999\u6e2f\u7279\u8a31\u7d93\u71df<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u628a\u63e1\u6ce2\u52d5\u5e02\u6cc1\u4e2d\u7684\u591a\u5143\u6a5f\u9047-\u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u660e\u65e5\u65bc\u6e2f\u4ea4\u6240\u4e0a\u5e02 - \u9999\u6e2f\u7279\u8a31\u7d93\u71df\" \/>\n<meta property=\"og:description\" content=\"\u9999\u6e2f2025\u5e745\u670812\u65e5 \/\u7f8e\u901a\u793e\/ &#8212; \u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u5c07\u65bc2025\u5e745\u670813\u65e5\u5728\u9999\u6e2f\u4ea4\u6613\u6240\u4e0a\u5e02\u3002\u8a72ETF\u63a1\u7528\u4ee3\u8868\u6027\u62bd\u6a23\u7b56\u7565\uff0c\u8ffd\u8e64\u5bcc\u6642EPRA Nareit \u4e9e\u592a\u7cbe\u9078REITs \u6b0a\u91cd\u4e0a\u9650\u6de8\u7a05\u6307\u6578\uff08\u300c\u6307\u6578\u300d\uff09\u8868\u73fe\u30023447.HK\u4e0a\u5e02\u50f9\u7d04\u6bcf\u80a17.8\u6e2f\u5143\uff0c\u6bcf\u624b\u8cb7\u8ce3\u55ae\u4f4d100\u80a1\uff0c\u7ba1\u7406\u8cbb0.99%\u3002 \u623f\u5730\u7522\u6295\u8cc7\u4fe1\u8a17\u57fa\u91d1\uff08REITs\uff09\u662f\u4ee5\u55ae\u4f4d\u4fe1\u8a17\u5f62\u5f0f\u4e0a\u5e02\u7684\u4f01\u696d\uff0c\u6301\u6709\u4e26\u7ba1\u7406\u8fa6\u516c\u5ba4\u3001\u4f4f\u5b85\u3001\u7269\u6d41\u4e2d\u5fc3\u3001\u96f6\u552e\u7269\u696d\u3001\u91ab\u7642\u8a2d\u65bd\u3001\u6578\u64da\u4e2d\u5fc3\u3001\u57fa\u5efa\u53ca\u9152\u5e97\u7b49\u6536\u76ca\u578b\u8cc7\u7522\u3002\u4e9e\u592a\u5340REITs\u6db5\u84cb\u6fb3\u6d32\u3001\u65e5\u672c\u3001\u65b0\u52a0\u5761\u53ca\u4e2d\u570b\u9999\u6e2f\u7b49\u5e02\u5834\uff0c\u6191\u85c9\u591a\u5143\u7269\u696d\u7d44\u5408\u63d0\u4f9b\u589e\u9577\u6f5b\u529b\u8207\u7a69\u5b9a\u6536\u76ca\u3002\u9019\u4e9b\u8cc7\u7522\u53d7\u6210\u719f\u5e02\u5834\u76e3\u7ba1\u6846\u67b6\u898f\u7bc4\uff0c\u7cfb\u7d71\u6027\u98a8\u96aa\u8f03\u4f4e\u30022024\u5e74\u5168\u5e74\u4e9e\u592a\u5340\u5546\u696d\u5730\u7522\u6295\u8cc7\u7e3d\u984d\u90541313\u5104\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957723%\uff0c\u5275\u4e0b\u81ea2022\u5e74\u4ee5\u4f86\u7684\u540c\u6bd4\u589e\u5e45\u65b0\u9ad8\u30022025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6309\u5e74\u589e\u957720%\u81f3363\u5104\u7f8e\u5143\uff0c\u518d\u5275\u4e0b2022\u5e74\u52a0\u606f\u9031\u671f\u4ee5\u4f86\u6700\u9ad8\u9996\u5b63\u6295\u8cc7\u984d[1]\u3002 \u4e9e\u592aREITs\u5177\u5099\u986f\u8457\u512a\u52e2\uff1a\u80a1\u606f\u6536\u76ca\u7387\u4ecb\u4e4e3.9%-7.9%\uff0c90\u65e5\u6ce2\u52d5\u7387\u50c515.4%[2]\u3002\u76f8\u8f03\u6b50\u7f8e\u540c\u985e\u6307\u6578\uff0c\u4e9e\u592aREITs\u9664\u63d0\u4f9b\u66f4\u9ad8\u7e3d\u80a1\u606f\u7387\u5916\uff0c\u5728\u9ad8\u901a\u8139\u74b0\u5883\u4e0b\uff0c\u5176\u6297\u901a\u8139\u7279\u6027\u986f\u8457[3]\u3002\u8a72\u6307\u6578\u57282019-2020\u5e74\u964d\u606f\u9031\u671f\u6f32\u5e45\u8d8550%\uff0c2025\u5e74\u8fc4\u4eca\u56de\u5831\u905410.63%[4]\uff0c\u672a\u4f8612\u500b\u6708\u9810\u671f\u80a1\u606f\u73877.06%[5]\u3002\u6b64\u5916\uff0c\u4e9e\u592aREITs\u8207\u7f8e\u80a1\u5e02\u5834\u76f8\u95dc\u6027\u4f4e\uff0c\u6709\u6548\u5206\u6563\u98a8\u96aa[6]\u3002\u5118\u7ba1\u904e\u53bb\u6578\u5e74\u5229\u7387\u4e0a\u884c\uff0c\u677f\u584a\u4ecd\u4fdd\u6301\u5065\u5eb7\u8ca0\u50b5\u6c34\u5e73\u8207\u7a69\u5b9a\u79df\u91d1\u6536\u5165\u3002 \u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u7cbe\u907850\u96bb\u512a\u8cea\u4e9e\u592aREITs\uff0c\u8de8\u884c\u696d\u8de8\u5730\u57df\u5206\u6563\u914d\u7f6e\uff0c\u5165\u5834\u9580\u6abb\u50c5\u7d04780\u6e2f\u5143\u3002\u7d44\u5408\u900f\u660e\u5ea6\u9ad8\uff0c\u70ba\u6295\u8cc7\u8005\u63d0\u4f9b\u7a69\u5065\u6536\u76ca\u8207\u5340\u57df\u591a\u5143\u5316\u89e3\u6c7a\u65b9\u6848\u3002 \u5357\u65b9\u6771\u82f1\u884c\u653f\u7e3d\u88c1\u4e01\u6668\u8868\u793a\uff1a\u300c\u81ea2008\u5e74\u6210\u7acb\u4ee5\u4f86\uff0c\u5357\u65b9\u6771\u82f1\u59cb\u7d42\u81f4\u529b\u70ba\u4e9e\u6d32\u6295\u8cc7\u8005\u63d0\u4f9b\u512a\u8cea\u5275\u65b0\u7684\u6295\u8cc7\u5de5\u5177\u3002\u6b64\u6b21\u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u7684\u63a8\u51fa\u5c07\u70ba\u9999\u6e2f\u6295\u8cc7\u8005\u63d0\u4f9b\u4f48\u5c40\u4e9e\u592aREITs\u5e02\u5834\u7684\u4fbf\u6377\u9014\u5f91\u3002\u300d [1]\u00a0\u8cc7\u6599\u4f86\u6e90\uff1a\u6839\u64da\u5168\u7403\u623f\u5730\u7522\u8aee\u8a62\u516c\u53f8\u4ef2\u91cf\u806f\u884cJLL\u7684\u6578\u64da\u548c\u5206\u6790\u3002 [2]\u00a0\u8cc7\u6599\u4f86\u6e90\uff1a\u5f6d\u535a\uff0c\u622a\u81f3\u00a02025 \u5e74\u00a04 \u6708\u00a08 \u65e5\u3002 [3]\u00a0\u8cc7\u6599\u4f86\u6e90: \u00a0Nareit\uff0c\u6839\u64da\u5f6d\u535a\u622a\u81f3\u00a02025 \u5e74\u00a04 \u6708\u00a09 \u65e5\u7684\u8cc7\u6599\u4f30\u7b97\u3002 [4]\u00a0\u8cc7\u6599\u4f86\u6e90\uff1a\u5f6d\u535a\u3002\u5e74\u521d\u81f3\u4eca\u56de\u5831\u622a\u81f3 2025 \u5e744 \u6708\u00a030 \u65e5\u3002 [5]\u00a0\u8cc7\u6599\u4f86\u6e90\uff1a\u5f6d\u535a\uff0c\u622a\u81f3\u00a02025 \u5e74\u00a04 \u6708\u00a08 \u65e5\u3002 [6]\u00a0\u8cc7\u6599\u4f86\u6e90: \u00a0\u5f6d\u535a\uff0c 2015\u5e743\u6708\u81f32025\u5e7403\u6708\u3002 \u00a0 \u95dc\u65bc\u5357\u65b9\u6771\u82f1 \u7d93\u904e\u5341\u9918\u5e74\u7684\u767c\u5c55\uff0c\u5357\u65b9\u6771\u82f1\u4f5c\u70baETF\u767c\u884c\u5546\u4e0d\u65b7\u5275\u65b0\uff0c\u8cc7\u7522\u7ba1\u7406\u898f\u6a21\u9054\u81f3\u5168\u6e2f\u7b2c\u4e8c\uff0c\u6210\u529f\u5730\u6a39\u7acb\u4e86\u5728\u9999\u6e2fETF\u884c\u696d\u7684\u9818\u5148\u5730\u4f4d\u3002\u901a\u904e\u5efa\u7acb\u5065\u5eb7\u7684ETF\u751f\u614b\u7cfb\u7d71\u4e26\u7ba1\u7406\u4e2d\u570b\u9999\u6e2f\u548c\u65b0\u52a0\u5761\u5e02\u5834\u768456\u96bbETP\u548c3\u96bb\u4e92\u60e0\u57fa\u91d1\uff0c\u5357\u65b9\u6771\u82f1\u7684\u7e3d\u8cc7\u7522\u7ba1\u7406\u898f\u6a21\u8d851,830\u5104\u6e2f\u5143\uff08\u622a\u81f32025\u5e743\u670831\u65e5\uff09*\u30022025\u5e74\uff0c\u9999\u6e2f\u4ea4\u6613\u6700\u6d3b\u8e8d\u7684\u524d10\u540dETF\/ETP\u4e2d\u67095\u96bb\u7531\u5357\u65b9\u6771\u82f1\u7ba1\u7406**\u3002 *\u8cc7\u6599\u4f86\u6e90\uff1a\u5357\u65b9\u6771\u82f1 **\u8cc7\u6599\u4f86\u6e90\uff1a\u5f6d\u535a\uff0c2025\u5e741\u67081\u65e5 \u81f32025\u5e743\u670831\u65e5 \u514d\u8cac\u8072\u660e \u672c\u6587\u4ef6\u6240\u8ff0\u7522\u54c1\u5f97\u5230\u9999\u6e2f\u8b49\u5238\u53ca\u671f\u8ca8\u4e8b\u52d9\u76e3\u5bdf\u59d4\u54e1\u6703\uff08\u300c\u8b49\u76e3\u6703\u300d\uff09\u8a8d\u53ef\u3002\u6709\u95dc\u8a8d\u53ef\u4e26\u4e0d\u610f\u5473\u8457\u7372\u5f97\u8b49\u76e3\u6703\u5b98\u65b9\u63a8\u4ecb\u3002 \u672c\u6587\u4ef6\u50c5\u4f9b\u4e00\u822c\u53c3\u8003\uff0c\u4e26\u4e0d\u69cb\u6210\u6295\u8cc7\u6216\u4efb\u4f55\u65b9\u9762\u7684\u610f\u898b\uff0c\u4ea6\u4e0d\u61c9\u88ab\u8996\u70ba\u8981\u7d04\u6216\u904a\u8aaa\u6295\u8cc7\u65bc\u4efb\u4f55\u6295\u8cc7\u7522\u54c1\u3002\u5982\u6b32\u7372\u53d6\u6295\u8cc7\u4e4b\u610f\u898b\uff0c\u8acb\u8aee\u8a62\u95a3\u4e0b\u7684\u5c08\u696d\u6cd5\u5f8b\uff0c\u7a05\u52d9\u548c\u8ca1\u52d9\u9867\u554f\u3002 \u6295\u8cc7\u6d89\u53ca\u98a8\u96aa\u3002\u904e\u5f80\u7684\u696d\u7e3e\u6578\u64da\u4e26\u4e0d\u9810\u793a\u672a\u4f86\u7684\u696d\u7e3e\u8868\u73fe\u3002\u6295\u8cc7\u8005\u61c9\u4ed4\u7d30\u95b1\u8b80\u6709\u95dc\u57fa\u91d1\u7684\u92b7\u552e\u6587\u4ef6\u53ca\u7522\u54c1\u8cc7\u6599\u6982\u8981\uff0c\u4ee5\u7372\u53d6\u9032\u4e00\u6b65\u8cc7\u6599\uff0c\u5305\u62ec\u7576\u4e2d\u6240\u8f09\u4e4b\u7522\u54c1\u7279\u8272\u53ca\u6240\u6709\u98a8\u96aa\u56e0\u7d20\u3002\u6295\u8cc7\u8005\u4e0d\u61c9\u50c5\u6191\u672c\u6587\u4ef6\u4f5c\u51fa\u6295\u8cc7\u6c7a\u5b9a\u3002\u672c\u6587\u4ef6\u4e0d\u9069\u7528\u65bc\u7981\u6b62\u5176\u5206\u767c\u6216\u767c\u9001\u7684\u53f8\u6cd5\u7ba1\u8f44\u5340\u3002 \u672c\u6587\u4ef6\u4e26\u4e0d\u5177\u6cd5\u5f8b\u7d04\u675f\u529b\u3002\u5357\u65b9\u6771\u82f1\u5c0d\u672c\u6587\u4ef6\u6982\u4e0d\u8ca0\u8cac\uff0c\u4e26\u8868\u660e\u4e0d\u6703\u5c31\u56e0\u672c\u6587\u4ef6\u5168\u90e8\u6216\u4efb\u4f55\u90e8\u5206\u5167\u5bb9\u800c\u7522\u751f\u6216\u56e0\u4f9d\u8cf4\u8a72\u7b49\u5167\u5bb9\u800c\u5f15\u81f4\u7684\u4efb\u4f55\u640d\u5931\u627f\u64d4\u4efb\u4f55\u8cac\u4efb\u3002\u672c\u6587\u4ef6\u4e26\u4e0d\u6388\u4e88\u6536\u4ef6\u4eba\u4efb\u4f55\u4f7f\u7528\u6240\u8f09\u8cc7\u8a0a\u7684\u7248\u6b0a\u6216\u77e5\u8b58\u7522\u6b0a\uff08\u4e0d\u8ad6\u662f\u76f4\u63a5\uff0c\u6216\u975e\u76f4\u63a5\uff0c\u6216\u6697\u793a\uff09\u3002\u00a0\u5728\u672a\u7d93\u5357\u65b9\u6771\u82f1\u66f8\u9762\u540c\u610f\u4e0b\uff0c\u4e0d\u5f97\u8907\u5370\uff0c\u5206\u767c\u6216\u8907\u88fd\u672c\u6587\u4ef6\u5167\u4e4b\u4efb\u4f55\u8cc7\u6599\u6216\u4efb\u4f55\u90e8\u5206\u3002 \u672c\u6587\u4ef6\u6240\u8ff0\u7522\u54c1\u6216\u9762\u81e8\u5730\u57df\u3001\u5e02\u5834\u3001\u884c\u696d\u6216\u6295\u8cc7\u5de5\u5177\u96c6\u4e2d\u98a8\u96aa\u3002\u76f8\u6bd4\u5177\u6709\u66f4\u591a\u5143\u5316\u6295\u8cc7\u7d44\u5408\u7684\u57fa\u91d1\uff0c\u672c\u6587\u4ef6\u6240\u8ff0\u7522\u54c1\u7684\u50f9\u503c\u6ce2\u52d5\u53ef\u80fd\u66f4\u5927\u3002 \u6709\u95dc\u6307\u6578\u63d0\u4f9b\u8005\u514d\u8cac\u8072\u660e\uff0c\u8acb\u53c3\u95b1\u76f8\u95dc\u57fa\u91d1\u7684\u767c\u552e\u6587\u4ef6\u3002\u672c\u6587\u4ef6\u7531\u5357\u65b9\u6771\u82f1\u7de8\u5236\uff0c\u4e26\u672a\u7d93\u8b49\u76e3\u6703\u5be9\u95b1\u3002\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047\" \/>\n<meta property=\"og:site_name\" content=\"\u9999\u6e2f\u7279\u8a31\u7d93\u71df\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-12T01:38:00+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"\u628a\u63e1\u6ce2\u52d5\u5e02\u6cc1\u4e2d\u7684\u591a\u5143\u6a5f\u9047&#8212;-\u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u660e\u65e5\u65bc\u6e2f\u4ea4\u6240\u4e0a\u5e02\",\"datePublished\":\"2025-05-12T01:38:00+00:00\",\"dateModified\":\"2025-05-12T01:38:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047\"},\"wordCount\":32,\"publisher\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en#organization\"},\"articleSection\":[\"\u672a\u5206\u985e\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047\",\"url\":\"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047\",\"name\":\"\u628a\u63e1\u6ce2\u52d5\u5e02\u6cc1\u4e2d\u7684\u591a\u5143\u6a5f\u9047-\u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u660e\u65e5\u65bc\u6e2f\u4ea4\u6240\u4e0a\u5e02 - \u9999\u6e2f\u7279\u8a31\u7d93\u71df\",\"isPartOf\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en#website\"},\"datePublished\":\"2025-05-12T01:38:00+00:00\",\"dateModified\":\"2025-05-12T01:38:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u9996\u9801\",\"item\":\"https:\/\/www.franchise.com.hk\/en\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u628a\u63e1\u6ce2\u52d5\u5e02\u6cc1\u4e2d\u7684\u591a\u5143\u6a5f\u9047&#8212;-\u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u660e\u65e5\u65bc\u6e2f\u4ea4\u6240\u4e0a\u5e02\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.franchise.com.hk\/en#website\",\"url\":\"https:\/\/www.franchise.com.hk\/en\",\"name\":\"\u9999\u6e2f\u7279\u8a31\u7d93\u71df\",\"description\":\"\u9999\u6e2f\u7279\u8a31\u7d93\u71df | Franchise HK\",\"publisher\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.franchise.com.hk\/en?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.franchise.com.hk\/en#organization\",\"name\":\"\u9999\u6e2f\u7279\u8a31\u7d93\u71df\",\"url\":\"https:\/\/www.franchise.com.hk\/en\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.franchise.com.hk\/en#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/www.franchise.com.hk\/wp-content\/uploads\/2022\/05\/cropped-cropped-franchise-logo-02-e1652686851566-2.png?fit=350%2C76&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.franchise.com.hk\/wp-content\/uploads\/2022\/05\/cropped-cropped-franchise-logo-02-e1652686851566-2.png?fit=350%2C76&ssl=1\",\"width\":350,\"height\":76,\"caption\":\"\u9999\u6e2f\u7279\u8a31\u7d93\u71df\"},\"image\":{\"@id\":\"https:\/\/www.franchise.com.hk\/en#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u628a\u63e1\u6ce2\u52d5\u5e02\u6cc1\u4e2d\u7684\u591a\u5143\u6a5f\u9047-\u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u660e\u65e5\u65bc\u6e2f\u4ea4\u6240\u4e0a\u5e02 - \u9999\u6e2f\u7279\u8a31\u7d93\u71df","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047","og_locale":"en_US","og_type":"article","og_title":"\u628a\u63e1\u6ce2\u52d5\u5e02\u6cc1\u4e2d\u7684\u591a\u5143\u6a5f\u9047-\u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u660e\u65e5\u65bc\u6e2f\u4ea4\u6240\u4e0a\u5e02 - \u9999\u6e2f\u7279\u8a31\u7d93\u71df","og_description":"\u9999\u6e2f2025\u5e745\u670812\u65e5 \/\u7f8e\u901a\u793e\/ &#8212; \u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u5c07\u65bc2025\u5e745\u670813\u65e5\u5728\u9999\u6e2f\u4ea4\u6613\u6240\u4e0a\u5e02\u3002\u8a72ETF\u63a1\u7528\u4ee3\u8868\u6027\u62bd\u6a23\u7b56\u7565\uff0c\u8ffd\u8e64\u5bcc\u6642EPRA Nareit \u4e9e\u592a\u7cbe\u9078REITs \u6b0a\u91cd\u4e0a\u9650\u6de8\u7a05\u6307\u6578\uff08\u300c\u6307\u6578\u300d\uff09\u8868\u73fe\u30023447.HK\u4e0a\u5e02\u50f9\u7d04\u6bcf\u80a17.8\u6e2f\u5143\uff0c\u6bcf\u624b\u8cb7\u8ce3\u55ae\u4f4d100\u80a1\uff0c\u7ba1\u7406\u8cbb0.99%\u3002 \u623f\u5730\u7522\u6295\u8cc7\u4fe1\u8a17\u57fa\u91d1\uff08REITs\uff09\u662f\u4ee5\u55ae\u4f4d\u4fe1\u8a17\u5f62\u5f0f\u4e0a\u5e02\u7684\u4f01\u696d\uff0c\u6301\u6709\u4e26\u7ba1\u7406\u8fa6\u516c\u5ba4\u3001\u4f4f\u5b85\u3001\u7269\u6d41\u4e2d\u5fc3\u3001\u96f6\u552e\u7269\u696d\u3001\u91ab\u7642\u8a2d\u65bd\u3001\u6578\u64da\u4e2d\u5fc3\u3001\u57fa\u5efa\u53ca\u9152\u5e97\u7b49\u6536\u76ca\u578b\u8cc7\u7522\u3002\u4e9e\u592a\u5340REITs\u6db5\u84cb\u6fb3\u6d32\u3001\u65e5\u672c\u3001\u65b0\u52a0\u5761\u53ca\u4e2d\u570b\u9999\u6e2f\u7b49\u5e02\u5834\uff0c\u6191\u85c9\u591a\u5143\u7269\u696d\u7d44\u5408\u63d0\u4f9b\u589e\u9577\u6f5b\u529b\u8207\u7a69\u5b9a\u6536\u76ca\u3002\u9019\u4e9b\u8cc7\u7522\u53d7\u6210\u719f\u5e02\u5834\u76e3\u7ba1\u6846\u67b6\u898f\u7bc4\uff0c\u7cfb\u7d71\u6027\u98a8\u96aa\u8f03\u4f4e\u30022024\u5e74\u5168\u5e74\u4e9e\u592a\u5340\u5546\u696d\u5730\u7522\u6295\u8cc7\u7e3d\u984d\u90541313\u5104\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957723%\uff0c\u5275\u4e0b\u81ea2022\u5e74\u4ee5\u4f86\u7684\u540c\u6bd4\u589e\u5e45\u65b0\u9ad8\u30022025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6309\u5e74\u589e\u957720%\u81f3363\u5104\u7f8e\u5143\uff0c\u518d\u5275\u4e0b2022\u5e74\u52a0\u606f\u9031\u671f\u4ee5\u4f86\u6700\u9ad8\u9996\u5b63\u6295\u8cc7\u984d[1]\u3002 \u4e9e\u592aREITs\u5177\u5099\u986f\u8457\u512a\u52e2\uff1a\u80a1\u606f\u6536\u76ca\u7387\u4ecb\u4e4e3.9%-7.9%\uff0c90\u65e5\u6ce2\u52d5\u7387\u50c515.4%[2]\u3002\u76f8\u8f03\u6b50\u7f8e\u540c\u985e\u6307\u6578\uff0c\u4e9e\u592aREITs\u9664\u63d0\u4f9b\u66f4\u9ad8\u7e3d\u80a1\u606f\u7387\u5916\uff0c\u5728\u9ad8\u901a\u8139\u74b0\u5883\u4e0b\uff0c\u5176\u6297\u901a\u8139\u7279\u6027\u986f\u8457[3]\u3002\u8a72\u6307\u6578\u57282019-2020\u5e74\u964d\u606f\u9031\u671f\u6f32\u5e45\u8d8550%\uff0c2025\u5e74\u8fc4\u4eca\u56de\u5831\u905410.63%[4]\uff0c\u672a\u4f8612\u500b\u6708\u9810\u671f\u80a1\u606f\u73877.06%[5]\u3002\u6b64\u5916\uff0c\u4e9e\u592aREITs\u8207\u7f8e\u80a1\u5e02\u5834\u76f8\u95dc\u6027\u4f4e\uff0c\u6709\u6548\u5206\u6563\u98a8\u96aa[6]\u3002\u5118\u7ba1\u904e\u53bb\u6578\u5e74\u5229\u7387\u4e0a\u884c\uff0c\u677f\u584a\u4ecd\u4fdd\u6301\u5065\u5eb7\u8ca0\u50b5\u6c34\u5e73\u8207\u7a69\u5b9a\u79df\u91d1\u6536\u5165\u3002 \u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u7cbe\u907850\u96bb\u512a\u8cea\u4e9e\u592aREITs\uff0c\u8de8\u884c\u696d\u8de8\u5730\u57df\u5206\u6563\u914d\u7f6e\uff0c\u5165\u5834\u9580\u6abb\u50c5\u7d04780\u6e2f\u5143\u3002\u7d44\u5408\u900f\u660e\u5ea6\u9ad8\uff0c\u70ba\u6295\u8cc7\u8005\u63d0\u4f9b\u7a69\u5065\u6536\u76ca\u8207\u5340\u57df\u591a\u5143\u5316\u89e3\u6c7a\u65b9\u6848\u3002 \u5357\u65b9\u6771\u82f1\u884c\u653f\u7e3d\u88c1\u4e01\u6668\u8868\u793a\uff1a\u300c\u81ea2008\u5e74\u6210\u7acb\u4ee5\u4f86\uff0c\u5357\u65b9\u6771\u82f1\u59cb\u7d42\u81f4\u529b\u70ba\u4e9e\u6d32\u6295\u8cc7\u8005\u63d0\u4f9b\u512a\u8cea\u5275\u65b0\u7684\u6295\u8cc7\u5de5\u5177\u3002\u6b64\u6b21\u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u7684\u63a8\u51fa\u5c07\u70ba\u9999\u6e2f\u6295\u8cc7\u8005\u63d0\u4f9b\u4f48\u5c40\u4e9e\u592aREITs\u5e02\u5834\u7684\u4fbf\u6377\u9014\u5f91\u3002\u300d [1]\u00a0\u8cc7\u6599\u4f86\u6e90\uff1a\u6839\u64da\u5168\u7403\u623f\u5730\u7522\u8aee\u8a62\u516c\u53f8\u4ef2\u91cf\u806f\u884cJLL\u7684\u6578\u64da\u548c\u5206\u6790\u3002 [2]\u00a0\u8cc7\u6599\u4f86\u6e90\uff1a\u5f6d\u535a\uff0c\u622a\u81f3\u00a02025 \u5e74\u00a04 \u6708\u00a08 \u65e5\u3002 [3]\u00a0\u8cc7\u6599\u4f86\u6e90: \u00a0Nareit\uff0c\u6839\u64da\u5f6d\u535a\u622a\u81f3\u00a02025 \u5e74\u00a04 \u6708\u00a09 \u65e5\u7684\u8cc7\u6599\u4f30\u7b97\u3002 [4]\u00a0\u8cc7\u6599\u4f86\u6e90\uff1a\u5f6d\u535a\u3002\u5e74\u521d\u81f3\u4eca\u56de\u5831\u622a\u81f3 2025 \u5e744 \u6708\u00a030 \u65e5\u3002 [5]\u00a0\u8cc7\u6599\u4f86\u6e90\uff1a\u5f6d\u535a\uff0c\u622a\u81f3\u00a02025 \u5e74\u00a04 \u6708\u00a08 \u65e5\u3002 [6]\u00a0\u8cc7\u6599\u4f86\u6e90: \u00a0\u5f6d\u535a\uff0c 2015\u5e743\u6708\u81f32025\u5e7403\u6708\u3002 \u00a0 \u95dc\u65bc\u5357\u65b9\u6771\u82f1 \u7d93\u904e\u5341\u9918\u5e74\u7684\u767c\u5c55\uff0c\u5357\u65b9\u6771\u82f1\u4f5c\u70baETF\u767c\u884c\u5546\u4e0d\u65b7\u5275\u65b0\uff0c\u8cc7\u7522\u7ba1\u7406\u898f\u6a21\u9054\u81f3\u5168\u6e2f\u7b2c\u4e8c\uff0c\u6210\u529f\u5730\u6a39\u7acb\u4e86\u5728\u9999\u6e2fETF\u884c\u696d\u7684\u9818\u5148\u5730\u4f4d\u3002\u901a\u904e\u5efa\u7acb\u5065\u5eb7\u7684ETF\u751f\u614b\u7cfb\u7d71\u4e26\u7ba1\u7406\u4e2d\u570b\u9999\u6e2f\u548c\u65b0\u52a0\u5761\u5e02\u5834\u768456\u96bbETP\u548c3\u96bb\u4e92\u60e0\u57fa\u91d1\uff0c\u5357\u65b9\u6771\u82f1\u7684\u7e3d\u8cc7\u7522\u7ba1\u7406\u898f\u6a21\u8d851,830\u5104\u6e2f\u5143\uff08\u622a\u81f32025\u5e743\u670831\u65e5\uff09*\u30022025\u5e74\uff0c\u9999\u6e2f\u4ea4\u6613\u6700\u6d3b\u8e8d\u7684\u524d10\u540dETF\/ETP\u4e2d\u67095\u96bb\u7531\u5357\u65b9\u6771\u82f1\u7ba1\u7406**\u3002 *\u8cc7\u6599\u4f86\u6e90\uff1a\u5357\u65b9\u6771\u82f1 **\u8cc7\u6599\u4f86\u6e90\uff1a\u5f6d\u535a\uff0c2025\u5e741\u67081\u65e5 \u81f32025\u5e743\u670831\u65e5 \u514d\u8cac\u8072\u660e \u672c\u6587\u4ef6\u6240\u8ff0\u7522\u54c1\u5f97\u5230\u9999\u6e2f\u8b49\u5238\u53ca\u671f\u8ca8\u4e8b\u52d9\u76e3\u5bdf\u59d4\u54e1\u6703\uff08\u300c\u8b49\u76e3\u6703\u300d\uff09\u8a8d\u53ef\u3002\u6709\u95dc\u8a8d\u53ef\u4e26\u4e0d\u610f\u5473\u8457\u7372\u5f97\u8b49\u76e3\u6703\u5b98\u65b9\u63a8\u4ecb\u3002 \u672c\u6587\u4ef6\u50c5\u4f9b\u4e00\u822c\u53c3\u8003\uff0c\u4e26\u4e0d\u69cb\u6210\u6295\u8cc7\u6216\u4efb\u4f55\u65b9\u9762\u7684\u610f\u898b\uff0c\u4ea6\u4e0d\u61c9\u88ab\u8996\u70ba\u8981\u7d04\u6216\u904a\u8aaa\u6295\u8cc7\u65bc\u4efb\u4f55\u6295\u8cc7\u7522\u54c1\u3002\u5982\u6b32\u7372\u53d6\u6295\u8cc7\u4e4b\u610f\u898b\uff0c\u8acb\u8aee\u8a62\u95a3\u4e0b\u7684\u5c08\u696d\u6cd5\u5f8b\uff0c\u7a05\u52d9\u548c\u8ca1\u52d9\u9867\u554f\u3002 \u6295\u8cc7\u6d89\u53ca\u98a8\u96aa\u3002\u904e\u5f80\u7684\u696d\u7e3e\u6578\u64da\u4e26\u4e0d\u9810\u793a\u672a\u4f86\u7684\u696d\u7e3e\u8868\u73fe\u3002\u6295\u8cc7\u8005\u61c9\u4ed4\u7d30\u95b1\u8b80\u6709\u95dc\u57fa\u91d1\u7684\u92b7\u552e\u6587\u4ef6\u53ca\u7522\u54c1\u8cc7\u6599\u6982\u8981\uff0c\u4ee5\u7372\u53d6\u9032\u4e00\u6b65\u8cc7\u6599\uff0c\u5305\u62ec\u7576\u4e2d\u6240\u8f09\u4e4b\u7522\u54c1\u7279\u8272\u53ca\u6240\u6709\u98a8\u96aa\u56e0\u7d20\u3002\u6295\u8cc7\u8005\u4e0d\u61c9\u50c5\u6191\u672c\u6587\u4ef6\u4f5c\u51fa\u6295\u8cc7\u6c7a\u5b9a\u3002\u672c\u6587\u4ef6\u4e0d\u9069\u7528\u65bc\u7981\u6b62\u5176\u5206\u767c\u6216\u767c\u9001\u7684\u53f8\u6cd5\u7ba1\u8f44\u5340\u3002 \u672c\u6587\u4ef6\u4e26\u4e0d\u5177\u6cd5\u5f8b\u7d04\u675f\u529b\u3002\u5357\u65b9\u6771\u82f1\u5c0d\u672c\u6587\u4ef6\u6982\u4e0d\u8ca0\u8cac\uff0c\u4e26\u8868\u660e\u4e0d\u6703\u5c31\u56e0\u672c\u6587\u4ef6\u5168\u90e8\u6216\u4efb\u4f55\u90e8\u5206\u5167\u5bb9\u800c\u7522\u751f\u6216\u56e0\u4f9d\u8cf4\u8a72\u7b49\u5167\u5bb9\u800c\u5f15\u81f4\u7684\u4efb\u4f55\u640d\u5931\u627f\u64d4\u4efb\u4f55\u8cac\u4efb\u3002\u672c\u6587\u4ef6\u4e26\u4e0d\u6388\u4e88\u6536\u4ef6\u4eba\u4efb\u4f55\u4f7f\u7528\u6240\u8f09\u8cc7\u8a0a\u7684\u7248\u6b0a\u6216\u77e5\u8b58\u7522\u6b0a\uff08\u4e0d\u8ad6\u662f\u76f4\u63a5\uff0c\u6216\u975e\u76f4\u63a5\uff0c\u6216\u6697\u793a\uff09\u3002\u00a0\u5728\u672a\u7d93\u5357\u65b9\u6771\u82f1\u66f8\u9762\u540c\u610f\u4e0b\uff0c\u4e0d\u5f97\u8907\u5370\uff0c\u5206\u767c\u6216\u8907\u88fd\u672c\u6587\u4ef6\u5167\u4e4b\u4efb\u4f55\u8cc7\u6599\u6216\u4efb\u4f55\u90e8\u5206\u3002 \u672c\u6587\u4ef6\u6240\u8ff0\u7522\u54c1\u6216\u9762\u81e8\u5730\u57df\u3001\u5e02\u5834\u3001\u884c\u696d\u6216\u6295\u8cc7\u5de5\u5177\u96c6\u4e2d\u98a8\u96aa\u3002\u76f8\u6bd4\u5177\u6709\u66f4\u591a\u5143\u5316\u6295\u8cc7\u7d44\u5408\u7684\u57fa\u91d1\uff0c\u672c\u6587\u4ef6\u6240\u8ff0\u7522\u54c1\u7684\u50f9\u503c\u6ce2\u52d5\u53ef\u80fd\u66f4\u5927\u3002 \u6709\u95dc\u6307\u6578\u63d0\u4f9b\u8005\u514d\u8cac\u8072\u660e\uff0c\u8acb\u53c3\u95b1\u76f8\u95dc\u57fa\u91d1\u7684\u767c\u552e\u6587\u4ef6\u3002\u672c\u6587\u4ef6\u7531\u5357\u65b9\u6771\u82f1\u7de8\u5236\uff0c\u4e26\u672a\u7d93\u8b49\u76e3\u6703\u5be9\u95b1\u3002","og_url":"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047","og_site_name":"\u9999\u6e2f\u7279\u8a31\u7d93\u71df","article_published_time":"2025-05-12T01:38:00+00:00","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047#article","isPartOf":{"@id":"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047"},"author":{"name":"","@id":""},"headline":"\u628a\u63e1\u6ce2\u52d5\u5e02\u6cc1\u4e2d\u7684\u591a\u5143\u6a5f\u9047&#8212;-\u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u660e\u65e5\u65bc\u6e2f\u4ea4\u6240\u4e0a\u5e02","datePublished":"2025-05-12T01:38:00+00:00","dateModified":"2025-05-12T01:38:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047"},"wordCount":32,"publisher":{"@id":"https:\/\/www.franchise.com.hk\/en#organization"},"articleSection":["\u672a\u5206\u985e"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047","url":"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047","name":"\u628a\u63e1\u6ce2\u52d5\u5e02\u6cc1\u4e2d\u7684\u591a\u5143\u6a5f\u9047-\u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u660e\u65e5\u65bc\u6e2f\u4ea4\u6240\u4e0a\u5e02 - \u9999\u6e2f\u7279\u8a31\u7d93\u71df","isPartOf":{"@id":"https:\/\/www.franchise.com.hk\/en#website"},"datePublished":"2025-05-12T01:38:00+00:00","dateModified":"2025-05-12T01:38:00+00:00","breadcrumb":{"@id":"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.franchise.com.hk\/en\/%e6%8a%8a%e6%8f%a1%e6%b3%a2%e5%8b%95%e5%b8%82%e6%b3%81%e4%b8%ad%e7%9a%84%e5%a4%9a%e5%85%83%e6%a9%9f%e9%81%87-%e5%8d%97%e6%96%b9%e6%9d%b1%e8%8b%b1%e5%af%8c%e6%99%82%e4%ba%9e%e5%a4%aa%e7%b2%be\/26047#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u9996\u9801","item":"https:\/\/www.franchise.com.hk\/en"},{"@type":"ListItem","position":2,"name":"\u628a\u63e1\u6ce2\u52d5\u5e02\u6cc1\u4e2d\u7684\u591a\u5143\u6a5f\u9047&#8212;-\u5357\u65b9\u6771\u82f1\u5bcc\u6642\u4e9e\u592a\u7cbe\u9078\u623f\u5730\u7522\u4fe1\u8a17ETF\uff083447.HK\uff09\u660e\u65e5\u65bc\u6e2f\u4ea4\u6240\u4e0a\u5e02"}]},{"@type":"WebSite","@id":"https:\/\/www.franchise.com.hk\/en#website","url":"https:\/\/www.franchise.com.hk\/en","name":"\u9999\u6e2f\u7279\u8a31\u7d93\u71df","description":"\u9999\u6e2f\u7279\u8a31\u7d93\u71df | Franchise HK","publisher":{"@id":"https:\/\/www.franchise.com.hk\/en#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.franchise.com.hk\/en?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.franchise.com.hk\/en#organization","name":"\u9999\u6e2f\u7279\u8a31\u7d93\u71df","url":"https:\/\/www.franchise.com.hk\/en","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.franchise.com.hk\/en#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.franchise.com.hk\/wp-content\/uploads\/2022\/05\/cropped-cropped-franchise-logo-02-e1652686851566-2.png?fit=350%2C76&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.franchise.com.hk\/wp-content\/uploads\/2022\/05\/cropped-cropped-franchise-logo-02-e1652686851566-2.png?fit=350%2C76&ssl=1","width":350,"height":76,"caption":"\u9999\u6e2f\u7279\u8a31\u7d93\u71df"},"image":{"@id":"https:\/\/www.franchise.com.hk\/en#\/schema\/logo\/image\/"}}]}},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.franchise.com.hk\/wp-content\/uploads\/2025\/05\/CSOP_Asset_Management_Logo-JhuOpq.jpeg?fit=596%2C118&ssl=1","_links":{"self":[{"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/posts\/26047"}],"collection":[{"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/comments?post=26047"}],"version-history":[{"count":0,"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/posts\/26047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/media\/26048"}],"wp:attachment":[{"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/media?parent=26047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/categories?post=26047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchise.com.hk\/en\/wp-json\/wp\/v2\/tags?post=26047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}