In China, non-bank financial institutions like asset managers are benefiting from a surge in liquidity, as savers move away from low-interest bank deposits to higher-yielding wealth and money-market funds, Bloomberg reported. This shift is enabling these firms to invest more in corporate bonds, supporting the private sector amid economic challenges like weak business confidence and a prolonged housing downturn. The liquidity boost, backed by the People’s Bank of China’s monetary easing and increased fiscal stimulus through local government bond issuance, suggests a continued trend of robust financial flexibility for non-banks. This environment supports an increased flow of capital into the real economy, with non-bank purchases of corporate bonds likely to remain strong.