“抛售美国”论暂不成立：去年海外投资者净买1.55万亿美元美长期金融资产

Group 1 - In 2025, foreign investors purchased $1.55 trillion in U.S. long-term financial assets, an increase from $1.18 trillion the previous year, driven by demand for stocks and U.S. Treasury securities [1] - Of the total, $658.5 billion flowed into stocks and $442.7 billion into U.S. Treasury securities, including medium- and long-term bonds [1] - The narrative of "Sell America" is countered by the increasing foreign investment in U.S. assets, despite geopolitical concerns and threats of increased tariffs from the U.S. government [1] Group 2 - In addition to stocks and Treasury securities, foreign investors also net purchased $327.8 billion in corporate bonds and $112.9 billion in agency debt from Fannie Mae and Freddie Mac [2] - Europe contributed $872.8 billion in net inflows of long-term financial assets, while China reduced its holdings of U.S. long-term financial assets by $208.6 billion, reaching the lowest level since 2008 [4] - In December, foreign investors had a net inflow of $44.9 billion in long-term securities, with private sector investors contributing $32.7 billion and official sector investors $12.2 billion [6]