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12/23/2024 12:56:18 am

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Chinese Women More Financially Assertive - Report

Chinese Women

(Photo : VCG/Getty Images) Ladies wearing cheongsams walk around Minghu Wetland Park on July 29, 2016 in Liupanshui, Guizhou Province of China. Nearly 3,000 ladies from all corners of the country walked 1.13 kilometers while wearing cheongsams to set a Guinness World Record for the most people dressed in cheongsams participating in a walk.

Who says that Chinese women are pushovers?

If you're one of those who are entertaining this idea, you better think twice.

It's because nearly 60 percent of Chinese women control and manage their family's resources, a testament to their growing financial power, according to the China Daily.

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These were among the highlights of a 2016 Women Financial Management Report co-released by financial media hexun.com, online finance platform tongbanjie.com and Alibaba's Ali Research last Aug. 18.

In particular, the report focused on learning more about Chinese women's consumption, asset size and financing preferences.

The results of the report were based on 10,000 valid questionnaires.

Based on the report's findings, a typical Chinese female who has control over her finances was about 25-35 years old, financially independent, and living in first-tier cities or coastal cities in southeast China.

The report bared that as the incomes of women increased, the larger the influence they exerted on the family's finances.

Moreover, the report showed that Chinese women with an annual income of 80,000 yuan ($11,982) and 150,000 yuan are mostly interested in online finance.

On the other hand, those who earn a yearly income of 200,000 yuan to 500,000 yuan are involved in investment ventures, with 77.3 percent of them shelling out more than 100,000 yuan for their business.

According to the report, Chinese women play the multiple roles of mother, wife and daughter - a situation wherein they have to manage the family's consumption, purchase insurance, and perform other financial tasks.

However, the report found out that Chinese women are more conservative than their male counterparts when it comes to investing.

Online financing and saving were the top choices for the women, while only a small percentage of them were interested in investing in real estate and the stock market.

"Women are becoming the main force of investment," oberved Shenzhen Special Zone Daily, citing an anonymous investment expert.

"Investment institutes should attach more importance to women," added the expert, who believes that Chinese women are now more empowered in making financial decisions.


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