“卖出美国”论调遭打脸：2025年外资对美长期金融资产配置增至1.55万亿美元

Core Viewpoint - The data released on Wednesday indicates a significant increase in foreign purchases of U.S. financial assets in 2025, countering the narrative of "selling America" that has been prevalent among market participants [1] Group 1: Foreign Investment Trends - In 2025, foreign investors net purchased $1.55 trillion of U.S. long-term financial assets, up from $1.18 trillion the previous year, with $442.7 billion flowing into U.S. Treasury bonds [1] - Despite concerns over U.S. tariffs and geopolitical tensions, foreign investors bought more U.S. stocks in 2025, with net purchases reaching $720.1 billion, a 134% increase from $307.5 billion in 2024 [3] - Norway emerged as the largest buyer of U.S. stocks in 2025, net purchasing $81.8 billion, nearly three times its 2024 total, followed by Singapore with $79 billion and South Korea with $73.6 billion [4] Group 2: Regional Investment Insights - European investors accounted for a net inflow of $872.8 billion in long-term financial assets, with the Cayman Islands and Japan also showing significant net purchases of $277.2 billion and $56 billion, respectively [2] - Canada transitioned from being a major seller of U.S. stocks in 2024 to a buyer in 2025, net purchasing $10.6 billion despite trade policy concerns [5] Group 3: Market Sentiment and Economic Policy - The narrative of "selling America" has been challenged by the continued strong demand for U.S. technology stocks, with investors leveraging opportunities presented by the valuation adjustments of the dollar [2][3] - U.S. Treasury Secretary Scott Bessen has consistently refuted the "selling America" claims, asserting that government economic policies enhance the U.S.'s status as a preferred destination for global capital [1]