China’s $7 Trillion Cash Pile Is Shifting Into Stocks, Gold

Chinese households are scouring for higher-yielding investments as roughly $7 trillion in time deposits come due this year, a shift that could provide additional fuel for the nation’s financial markets.

The mountain of savings is a legacy of a prolonged real estate crisis and years of lackluster stock returns, which prompted millions to seek the safety of bank deposits. With rates now sliding toward 1%, that capital is increasingly looking for a new home.